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Trades cancelled with broker

  • #181
  • Nov 28, 2011 2:33am Nov 28, 2011 2:33am
Quoting achab
Hello roughtrader,

and good morning. When you were writing this last post, did you have some specific Broker in your mind?

I wish you a nice day.
/achab
not in particular but there are plenty around if you Google it,
for the small trader maybe DukasCopy ECN? maybe big to, and FXCM STP,
Divisa Capital DMA, ADM Derivatives ECN, Advanced Markets DMA, etc
if you got a shitload of money maybe Barx, LCG, BaxterFX, Hotspot
personally Im happy with FXCM right now.
Bulls are stupid Animals!especially when Im short!
  • #182
  • Dec 15, 2011 4:22am Dec 15, 2011 4:22am
After careful, impartial and fully independent review, the Financial Ombudsman Service has completed its investigation of this case, and rejected the complaints of the individuals concerned.

Alpari (UK) now consider the case to be closed, and will not comment further.

Alpari (UK) Ltd.
  • #183
  • Dec 17, 2011 10:20am Dec 17, 2011 10:20am
Quoting bluebulluk
If you are looking to trade CFD's, use MF Global.
Hmm, interesting how times changes.

Alpari UK, a member since july '08 and with only 38 posts - a third of which are in this small thread alone.

Next year will be interesting as 'they' all start feeding off each others carcasses'. So much debt in the system, banks and central banks all complicit in the 'kicking the can down the road', I think the great purge will begin very, very soon.

Buyer beware!
Politics is the womb in which war develops.
  • #184
  • Dec 18, 2011 8:28am Dec 18, 2011 8:28am
Quoting FiatFap
Hmm, interesting how times changes.

Alpari UK, a member since july '08 and with only 38 posts - a third of which are in this small thread alone.

Next year will be interesting as 'they' all start feeding off each others carcasses'. So much debt in the system, banks and central banks all complicit in the 'kicking the can down the road', I think the great purge will begin very, very soon.

Buyer beware!
I wouldn't trade with Alpari because it's based in the UK.

The UK has crazy liberal laws which protect rogue employee's, incompetent staff and criminals. As a consumer this quite often means that you get un unacceptable level of service or in most cases no service or a fraudulent service.

Try and sue anybody in the UK and more often than not you'll end up getting counter sued yourself for breaching their "human rights".
{Promotion Removed}
  • #185
  • Dec 18, 2011 8:53am Dec 18, 2011 8:53am
Quoting leerees
I wouldn't trade with Alpari because it's based in the UK.

The UK has crazy liberal laws which protect rogue employee's, incompetent staff and criminals. As a consumer this quite often means that you get un unacceptable level of service or in most cases no service or a fraudulent service.

Try and sue anybody in the UK and more often than not you'll end up getting counter sued yourself for breaching their "human rights".
"british" became a synonym of "mediocre and expensive"
  • #186
  • Dec 18, 2011 9:31am Dec 18, 2011 9:31am
Quoting leerees
I wouldn't trade with Alpari because it's based in the UK.

The UK has crazy liberal laws which protect rogue employee's, incompetent staff and criminals. As a consumer this quite often means that you get un unacceptable level of service or in most cases no service or a fraudulent service.

Try and sue anybody in the UK and more often than not you'll end up getting counter sued yourself for breaching their "human rights".
I thought they where based in russia?
Bulls are stupid Animals!especially when Im short!
  • #187
  • Dec 18, 2011 5:26pm Dec 18, 2011 5:26pm
Get away from alpari UK as fast as you can, one of the, if not the worst bucket shop requote to death bunch of monkeys I've ever done business with, horrendous stuff.

Infact, move away from any broker that uses MT4, for reasons it seems arn't allowed to be said, or you get banned and the thread deleted. Wink wink.

Move to ECN.
  • #188
  • Jan 16, 2015 9:07am Jan 16, 2015 9:07am
Seems like the karma works on financial markets too ...

Attached Image


bye bye Alpari ....
Lorenzo
  • #189
  • Jan 16, 2015 9:18am Jan 16, 2015 9:18am
Quoting lorbax
Seems like the karma works on financial markets too ... {image} bye bye Alpari ....
Haaahahahahaha,
Lorbax vs Alpari : 1:0
... what a bucketshop .. haaaaaahahahah
Risiko birgt immer auch die Chance.
  • #190
  • Jan 16, 2015 9:57am Jan 16, 2015 9:57am
Quoting GDR3k
Get away from alpari UK as fast as you can, one of the, if not the worst bucket shop requote to death bunch of monkeys I've ever done business with, horrendous stuff. Infact, move away from any broker that uses MT4, for reasons it seems arn't allowed to be said, or you get banned and the thread deleted. Wink wink. Move to ECN.
The reason why they have gone out of business is because they are an ECN. Market Makers hedge against clients ie Oanda. Interactive Brokers is also out of pocket by $120 million due to negative balances of client accounts.
  • #191
  • Jan 16, 2015 10:07am Jan 16, 2015 10:07am
Quoting mitch77
{quote} The reason why they have gone out of business is because they are an ECN. Market Makers hedge against clients ie Oanda. Interactive Brokers is also out of pocket by $120 million due to negative balances of client accounts.
hahah joke of the year 2015.
They got out of business because of the extremely high leveraged position AGAINST the clients, in the specific case, most likely clients were more short than long on X/CHF pairs, reason why, they were long on them, failing miserably.

Normal brokers do not have insolvency problem night-to-day, they might lose clients because clients run out money, and can possibly be in negative, if clients' losses exceeded their deposits, but since Alpari was one of the biggest retailers and they have always sponsored their vast liquidity on the book, it's pretty unbelievable they couldn't find counterparts to close clients' trades on margin calls. Hence, it can only mean that those trades were in fact THEIR (alpari's !) trades, not only clients' ones.

One reason or the other, they are bucketshops and this is what happens when you wanna bucketshop the Swiss.

auf wiedersehen mein Fräulein
Lorenzo
  • #192
  • Jan 16, 2015 10:19am Jan 16, 2015 10:19am
.
  • #193
  • Last Post: Jan 16, 2015 10:21am Jan 16, 2015 10:21am
Quoting lorbax
{quote} hahah joke of the year 2015. They got out of business because of the extremely high leveraged position AGAINST the clients, in the specific case, most likely clients were more short than long on X/CHF pairs, reason why, they were long on them, failing miserably. Normal brokers do not have insolvency problem night-to-day, they might lose clients because clients run out money, and can possibly be in negative, if clients' losses exceeded their deposits, but since Alpari was one of the biggest retailers and they have always sponsored their vast...
Good German Aschloch, but I am not German and its meine not mein you dumb lazy Dago.

Explain why Interactive Brokers and other ECN's are out of pocket then?
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