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  • #1,761
  • Jan 16, 2015 6:57am Jan 16, 2015 6:57am
Quoting sainthun
Hey! What should i do now, just wait? or...? I dont have to much money in but, would be great if i get back.

Correct, you have to wait for now. I don't know the ins and outs of Alpari, but Alpari(UK) is protected, don't know if there are other Alpari entities about that are regulated in other jurisdictions, but they will be covered by that particular jurisdiction.

Look at the details of your account and the counterparty, if it is a UK regulated entity your funds are secured upto 50.000GBP.
A contrarian; I always disagree.
  • #1,762
  • Jan 16, 2015 6:57am Jan 16, 2015 6:57am
Quoting chrissfx
Hi @ all, hmm, so no trading for me today... hopefully there is a solution soon with Alpari. I'm now 6 years with them and they had a good service all the time. Honestly, i don't want to withdraw my funds, i want continue trading with them. So, all the best Alpari-Team, hopefully you manage to continue you're business. So, already early weekend - or what?! Regards Chriss
me tooo!! i have $ 13,700 in my account.. yesterday i withdrawed 2000 and i received a confirmation email for the withdrawal... but i dont know no one is able to Log in even! im affraid i will not be able to claim my fundss :/
i won yesterday with the swiss move $10,000 and traded $3700 last night ONLY.
what can we do now ????????
  • #1,763
  • Jan 16, 2015 7:08am Jan 16, 2015 7:08am
Alpari UK entered into insolvency . My question is : how can i get my money out of this brokerage firm ?
Make choices and don't look back !
  • #1,764
  • Jan 16, 2015 7:13am Jan 16, 2015 7:13am
Quoting Christianfx
That means people get their money back because they might not have been protected?
What the statement means is that any client who had a negative balance after all the trading, all the losses will be passed on to Alpari. When trading with 'leverage' under extreme circumstances (such as yesterday), you can end up with a negative balance, in which case there are 2 options:
- the broker covering the loss themselves,
or,
- the broker trying to recover the loss from yourself by any means they see fit (ie. take you to court, etc)

Quoting Christianfx
So I can claim money that I can not cover back from them?
Only if you had a positive balance at the end of the day. If you had a negative balance, that's it. Just gotta move on and learn from the experience.

Hope this helps.
  • #1,765
  • Jan 16, 2015 7:24am Jan 16, 2015 7:24am
Quoting Toranaga
Whats going on ?!?!? The CHF Chart is still frozen !! I have two open Chf positions with more than 2000 pips gain and cant close the trades. (Closed the trades on my other Account/Broker without Problems..(?)) He he, thats incredible.. After freaking out now im And relaxed. Knowing Alpari, all will be good. Or ?? Im really keen how Alpari will solve that. We will see and will report. Greets..
Ha ha ha, was the first on FF yesterday.

Now we know more. Interesting how Alpari solved it..



Congrats.. Well done..
How to opt out annoying user signatures ??
  • #1,766
  • Jan 16, 2015 7:26am Jan 16, 2015 7:26am
Hey removed all the functions from their homepage.

http://www.alpari.com/company-news/p...-announcement/
My signature is: "Classified".
  • #1,767
  • Jan 16, 2015 7:34am Jan 16, 2015 7:34am
Quoting majkara
{quote} What the statement means is that any client who had a negative balance after all the trading, all the losses will be passed on to Alpari. When trading with 'leverage' under extreme circumstances (such as yesterday), you can end up with a negative balance, in which case there are 2 options: - the broker covering the loss themselves, or, - the broker trying to recover the loss from yourself by any means they see fit (ie. take you to court, etc) {quote} Only if you had a positive balance at the end of the day. If you had a negative balance,...
i have a positive balance till now its $13,700 you suppose i will be able to claim my money when they settle this up or they will wipe out all accounts ? :s
  • #1,768
  • Jan 16, 2015 7:34am Jan 16, 2015 7:34am
Where to now guys? nayone who knows the best Broker out there where our money is safe?
  • #1,769
  • Jan 16, 2015 7:37am Jan 16, 2015 7:37am
Quoting Mroue26
{quote} i have a positive balance till now its $13,700 you suppose i will be able to claim my money when they settle this up or they will wipe out all accounts ? :s
They used the "wall street" way to get out...acting like everything was normal even 1 hour before the announcement, taking new clients, taking new money and them boom. So after a move like that, they can't be trusted and should be sued. Unfortunately thats not enough punishment for the owners, because nothing will ever happen to them.
Everyone can see the chart, but only a few can actually read it.
  • #1,770
  • Jan 16, 2015 7:38am Jan 16, 2015 7:38am
Well just been in touch with the FCA, all they did was take my details and advise they would be publishing their response in a day or so. Fortunately I didn't have any trades on so my fund should be safe. Now the same question others are asking, where to move to?
I operate with clear definite rules, if I break them I lose BIG!
  • #1,771
  • Jan 16, 2015 7:39am Jan 16, 2015 7:39am
Quoting Icannaesee
Well just been in touch with the FCA, all they did was take my details and advise they would be publishing their response in a day or so. Fortunately I didn't have any trades on so my fund should be safe. Now the same question others are asking, where to move to?
I heard FXCM is a good one.
  • #1,772
  • Jan 16, 2015 7:39am Jan 16, 2015 7:39am
Quoting Icannaesee
Now the same question others are asking, where to move to?
Tallinex. Safer to stay away from all US and UK brokers.
Everyone can see the chart, but only a few can actually read it.
  • #1,773
  • Jan 16, 2015 7:40am Jan 16, 2015 7:40am
This is completely confusing.

I did not trade the chf at all yesterday.

I did lose some money on the aud/jpy due to the volatility.

My acc have a positive balance and I can still login and trade.
I am not trading as I do not know where I stand with Alpari.

Alpari's demo's and live acc servers are working just fine. Does this mean they are still in business or what?

The website says that retail clients accounts are segregated and in line with the FCA.

Retail client funds continue to be segregated in accordance with FCA rules.

??????
Never Ever Give Up!
  • #1,774
  • Jan 16, 2015 7:42am Jan 16, 2015 7:42am
Quoting Baltimore
{quote} I heard FXCM is a good one.
I know one thing for sure I'm gonna wait for a week or two for the shake out to happen don't want to move to another broker who then goes bust just after I pour money in.
I operate with clear definite rules, if I break them I lose BIG!
  • #1,775
  • Jan 16, 2015 7:42am Jan 16, 2015 7:42am
Oanda's release

In the wake of unprecedented market events this morning, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough*.

Client inquiries are being handled normally and those making withdrawals and deposits are able to do so as normal.

OANDA is proud of its strong reputation for fairness and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.

To trade with an award-winning broker, visit us at www.oanda.com.

Specific questions about individual fxTrade accounts will be addressed by our Client Experience team viahttp://www.oanda.com/corp/contact/.

* Where permitted by regulations

https://fxtrade.oanda.com/community/...opic/54010615/
  • #1,776
  • Jan 16, 2015 7:43am Jan 16, 2015 7:43am
I gues banks are safer , is there any bank that offers spreadbetting forex account in UK?
  • #1,777
  • Jan 16, 2015 7:45am Jan 16, 2015 7:45am
Quoting tafadzwa02
I gues banks are safer , is there any bank that offers spreadbetting forex account in UK?
Lol you'd trust a bank???
I operate with clear definite rules, if I break them I lose BIG!
  • #1,778
  • Jan 16, 2015 7:46am Jan 16, 2015 7:46am
Quoting tafadzwa02
I gues banks are safer , is there any bank that offers spreadbetting forex account in UK?
Banks are not meant for gambling, so I doubt you'll find any. But On the other hand it will take you probably years till you get to point where you have to pay taxes from trading forex.
On my way to financial independence - if others can do it - I can do it
  • #1,779
  • Jan 16, 2015 7:48am Jan 16, 2015 7:48am
Quoting tafadzwa02
Where to now guys? nayone who knows the best Broker out there where our money is safe?
Well I'm in the same boat, been with Alpari 7 years, so now I'm looking at City index & Intertrader Direct both seem pretty good, both offer spread bet accounts and City index has a min bet size of 25p. But do your own research. Even if Alpari survives this I think it would be a good idea to have at least two brokers in future in case this happens again.

Steve.
  • #1,780
  • Jan 16, 2015 7:52am Jan 16, 2015 7:52am
Quoting Icannaesee
Well just been in touch with the FCA, all they did was take my details and advise they would be publishing their response in a day or so. Fortunately I didn't have any trades on so my fund should be safe. Now the same question others are asking, where to move to?
How can i do that ? I wasn't in any trade either so my fund would be safe too . How can i get my money out ?
Make choices and don't look back !
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