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Alpari.co.uk Discussion

  • #1,801
  • Jan 16, 2015 8:49am Jan 16, 2015 8:49am
Quoting yaed
{quote} Well see the thing is, if you sort of KNEW for certain that 1.2 was going to hold, could you not then have put a BUY order right above it, SL right below and sort of bet your whole account? Now obviously that didnt work, but isnt it a impossible situation if it WOULD work? Isnt it sort of a safe buy and you could make near infinite wins on it?

No because your bid wouldn't get filled.
A contrarian; I always disagree.
  • #1,802
  • Jan 16, 2015 8:52am Jan 16, 2015 8:52am
Quoting NWGstudent
I have a question about price beeing unavilible, Is that a reaction to no banks want to fill that order?
Basically Alpari is now shut down, you cannot trate using their services at all, hence price unavaiable.
I operate with clear definite rules, if I break them I lose BIG!
  • #1,803
  • Jan 16, 2015 8:54am Jan 16, 2015 8:54am
Quoting Icannaesee
{quote} Basically Alpari is now shut down, you cannot trate using their services at all, hence price unavaiable.
Hopefully, we will know what to do next week.
  • #1,804
  • Jan 16, 2015 8:57am Jan 16, 2015 8:57am
Alpari is a Russian owned entity, I don't want to make a panic but please observe carefully the process of withdrawing money, I hope that FCA will prove his reliability in this case.
  • #1,805
  • Jan 16, 2015 9:02am Jan 16, 2015 9:02am
Quoting Toranaga
{quote} Ha ha ha, was the first on FF yesterday. Now we know more. Interesting how Alpari solved it.. Congrats.. Well done..
it freezed with me too.. but after 30 minutes i was able to close the trades with 2100 pips profit (13000$) profit..
but now they blocked the log in window on the website and they said to wait for announcements to be posted on the web..
my account on metatrader still has the balance in it.. i withdrawed yesterday 2000$ but not arrived to the bank yet.
hopefully they will figure out a way to solve this.. i need to get paiddddddddd so baadddd
  • #1,806
  • Jan 16, 2015 9:03am Jan 16, 2015 9:03am
i really want alpari to survive it has been a decent broker.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.3%
  • #1,807
  • Jan 16, 2015 9:17am Jan 16, 2015 9:17am
Alpari was one of the best. Now need to search for new broker.Do you know a broker with
1.min deposit 200
2.ECN
3.excellent client service
4. no problem with withrawngs(1-2 days)
????
  • #1,808
  • Jan 16, 2015 9:24am Jan 16, 2015 9:24am
Quoting BBCMicro
Not wanting to be pessimistic (and I have funds with Alpari as well) but what does it matter if the clients accounts are in a different bank account? Surely if and only if the administrator sees this account as an asset of Alpari then it will be used to pay of the creditors (liquidity providers). Do you think most big businesses only have 1 bank acct?? I have 5 and I'm a person for gods sake!!! so if alpari have 1 or 50 bank accts I suspect it will be irrelevant and only the view of the administrator will be the deciding factor... Let it be said...

as i mentioned and pointed out we are not talking about a "typical" business...its a highly regulated company based on standard european "laws" which every european country has in its "local law" and is governed from certain authorities

authorities in turn give you the licence upon those criteria.

it doesnt matter if its one bank account or 2million different bank accounts, those bank accounts are "treated" ONLY in a certain way. The (lets say) "owners" of those accounts and benefactors are the clients who deposited their capital there for a certain scope. Excess money "found" from those accounts go to the next in the que AFTER the benefactors of those accounts get what owned to them according to their remaining balance after the P/L of their accounts.

the issue is not that...but how jealous the liquidator firm in question taking upon this task is going to be and how well/fast they are going to cooperate with the governing body who is going to oversee the whole process or even take it upon their hands and process it itself (not ideal timewise)
  • #1,809
  • Jan 16, 2015 9:26am Jan 16, 2015 9:26am
I'v been with alpari for years and it's been a decent broker to my experience, also have some deposits with alpari,managed to submit a withdrawal request online before they pull everything off their website. Anyways only thing I can do now is to wait n wait patiently I guess. For those lost their accounts my heart goes out for you,a bloody day
  • #1,810
  • Jan 16, 2015 9:30am Jan 16, 2015 9:30am
Quoting Fxworld
Alpari was one of the best. Now need to search for new broker.Do you know a broker with 1.min deposit 200 2.ECN 3.excellent client service 4. no problem with withrawngs(1-2 days) ????
orbex but its min deposit is 500USD
  • #1,811
  • Jan 16, 2015 9:35am Jan 16, 2015 9:35am
btw just came across this thot it mite be helpful.
http://www.brokerbankcruptcy.blogspot.co.uk/?m=1
  • #1,812
  • Jan 16, 2015 9:36am Jan 16, 2015 9:36am
Quoting Cobra
Retail client funds continue to be segregated in accordance with FCA rules. ??????
This just means that client funds are segregated from Alpari funds. As all client funds are in one pool, if there are client accounts with huge losses they will be shared among all other clients.

Ie - you're fukced.
  • #1,813
  • Jan 16, 2015 9:42am Jan 16, 2015 9:42am
Quoting Fxworld
Alpari was one of the best. Now need to search for new broker.Do you know a broker with 1.min deposit 200 2.ECN 3.excellent client service 4. no problem with withrawngs(1-2 days) ????
Hi,

I use ICMarkets. Seems all right. But now when Alpari go bust and yhey just shut it down, I am not sure of anything.

Regards
Mike
  • #1,814
  • Jan 16, 2015 9:42am Jan 16, 2015 9:42am
hi. I am from Czech Republic and I have some USD on my two accounts..Should I do anything ? Have to send some message to FCA? or only wait? thanks
  • #1,815
  • Jan 16, 2015 9:44am Jan 16, 2015 9:44am
Quoting TheMaxx
{quote} This just means that client funds are segregated from Alpari funds. As all client funds are in one pool, if there are client accounts with huge losses they will be shared among all other clients. Ie - you're fukced.
are u sure about that, fu off ... waht if they say we just got 10 % rest for you. Lies & deceit, what a world
  • #1,816
  • Jan 16, 2015 9:46am Jan 16, 2015 9:46am
Quoting TheMaxx
{quote} This just means that client funds are segregated from Alpari funds. As all client funds are in one pool, if there are client accounts with huge losses they will be shared among all other clients. Ie - you're fukced.

Correct, however that is where the FCA steps in upto 50k
A contrarian; I always disagree.
  • #1,817
  • Jan 16, 2015 9:51am Jan 16, 2015 9:51am
Quoting goldfinch
{quote} Correct, however that is where the FCA steps in upto 50k
that means ? below 50 k u could get it back ?
  • #1,818
  • Jan 16, 2015 9:53am Jan 16, 2015 9:53am
Quoting forexTN14
{quote} that means ? below 50 k u could get it back ?

See here:

http://www.fscs.org.uk/
A contrarian; I always disagree.
  • #1,819
  • Jan 16, 2015 9:55am Jan 16, 2015 9:55am
Quoting goldfinch
{quote} Correct, however that is where the FCA steps in upto 50k
This is how I understand it as well.

Individual accounts are each covered by insurance up to GBP 50 000 maximum.

These will only be positive balance accounts.

Those who lost all their money due to the SNB announcement will not be covered by this.

G
Never Ever Give Up!
  • #1,820
  • Jan 16, 2015 10:02am Jan 16, 2015 10:02am
Alpari's latest:

Dear Clients!
On January 15, 2015 the Swiss National Bank unexpectedly removed the upper boundary on CHF against EUR. These measures triggered a sharp rise of Switzerland’s franc and resulted in exceptional volatility in the Forex market. As a result many forex brokers faced financial problems. In particular on January 16, 2015 Alpari UK announced that it entered into insolvency.

The company can not meet the minimum capitalization requirements of the FCA (UK) any more. In the nearest future external control will be enabled and a program of financial recovery will start.
Alpari UK is a separate legal entity operating under the Alpari brand and its financial situation does not affect other Alpari companies.
In particular, Alpari Limited (Saint Vincent), Alpari Limited (Belize) and Alpari International Limited (Mauritius) have recently changed their margin requirements for EURCHF. Due to these measures these companies do not face any financial difficulties and provide their services in full.

Best Regards,
Alpari


http://alpari-forex.com/en/company/n.../16/alpari_uk/


I like the bit about Financial Recovery, they will go after those with negative balances.
A contrarian; I always disagree.
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