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Alpari.co.uk Discussion

  • #1,881
  • Jan 16, 2015 3:44pm Jan 16, 2015 3:44pm
Quoting braintheboss
Fxpro is good alternative? In google people said is scam. What is the most near alternative to alpari?
Its my second broker and I like them because:
1. They didn't gave me headache when I wanted to withdraw money;
2. The "direct" thing for trading saved me many times from blowing my account.
These are small things but to me are very important.
  • #1,882
  • Jan 16, 2015 3:47pm Jan 16, 2015 3:47pm
From what I understand Alpari UK were in talks with their liquidity providers until late last night but a deal could not be struck to save them.
I hope they do manage to attract a buy-out from another company but only because if they manage to do that I can withdraw my funds quicker and go elsewhere. I cant have any faith in a company that turns over billions daily and then fails to protect themselves against a possible 500 pip loss on their clients accounts. Most traders understand the principles of money management but Alpari UK obviously did not.
I know I will get my money regardless but its now a case of when and how.
Lets hope its sooner rather than later cause ive already lost a lot of money due to not being able to trade today.
  • #1,883
  • Jan 16, 2015 3:51pm Jan 16, 2015 3:51pm
I've been interviewed by Financial Times today regarding one of my accounts with them - hopefully this is resolved sooner than later. I have been lucky to have got in touch with an insider later this afternoon who tells me to wait until the weekend is over and he will let me know probability of my accounts on Monday. I have 4 total accounts with them and understand the situation however earnings are earnings at the end of the day and how they have gone about this today, especially with the closing of open trades would need clarification in the account values when reissued.

http://www.ft.com/cms/s/0/a1d0ca62-9...tion=uk#slide0
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To live a successful life, we must lose our fear of being wrong
  • #1,884
  • Jan 16, 2015 3:54pm Jan 16, 2015 3:54pm
Quoting KGP
i read that someone was near the company's offices... and was about to visit them ....if he/she if could elaborate it would be nice (dont want to give high hopes... but there is a certain procedure...it would be nice to know whats the status right now....i am one of their x-clients)
It was useless when visiting their offices today without having the POC there. I got more info from my POC later in the afternoon.
To live a successful life, we must lose our fear of being wrong
  • #1,885
  • Jan 16, 2015 3:56pm Jan 16, 2015 3:56pm
I am not sure what it means, but this is the agreement that i have signed back in 2009. It says "non-segregated". Does it actually mean that I waived my own right to ever claim back my money?
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  • #1,886
  • Jan 16, 2015 4:03pm Jan 16, 2015 4:03pm
Quoting EatPIPs
I've been interviewed by Financial Times today regarding one of my accounts with them - hopefully this is resolved sooner than later. I have been lucky to have got in touch with an insider later this afternoon who tells me to wait until the weekend is over and he will let me know probability of my accounts on Monday. I have 4 total accounts with them and understand the situation however earnings are earnings at the end of the day and how they have gone about this today, especially with the closing of open trades would need clarification in the account...
At least you have been interviewed...

Me? poor and unknown... the definition of tragedy ¨)
The good thing with the future is that it is progressively approaching...
  • #1,887
  • Jan 16, 2015 4:06pm Jan 16, 2015 4:06pm
Ive just received my daily confirmation email and all is correct so I can rest easy now.
As I said its just a matter of how and when I will get access to my money.
  • #1,888
  • Jan 16, 2015 4:17pm Jan 16, 2015 4:17pm
Quoting EatPIPs
I've been interviewed by Financial Times today regarding one of my accounts with them - hopefully this is resolved sooner than later. I have been lucky to have got in touch with an insider later this afternoon who tells me to wait until the weekend is over and he will let me know probability of my accounts on Monday. I have 4 total accounts with them and understand the situation however earnings are earnings at the end of the day and how they have gone about this today, especially with the closing of open trades would need clarification in the...

I do hope so ..however i do not see how that is likely because a floating trade is neither + or - how would they assess this?
unless u mean a floating profit will be reflected in final reflection of what is paid back
  • #1,889
  • Jan 16, 2015 4:28pm Jan 16, 2015 4:28pm
Quoting EatPIPs
I've been interviewed by Financial Times today regarding one of my accounts with them - hopefully this is resolved sooner than later. I have been lucky to have got in touch with an insider later this afternoon who tells me to wait until the weekend is over and he will let me know probability of my accounts on Monday. I have 4 total accounts with them and understand the situation however earnings are earnings at the end of the day and how they have gone about this today, especially with the closing of open trades would need clarification in...

I'll be happy if I recover all my money.
I was closed today in XAUUSD long and NQ100 short ... But new opportunities will come if my money come back.
  • #1,890
  • Jan 16, 2015 5:01pm Jan 16, 2015 5:01pm
In one of online news sites I found this guy's tweeter account (@Craig_AlpariUK )
And it looks like those guys are looking for another job!!!!
But our money is save, no doubt about that.
  • #1,891
  • Edited 8:32pm Jan 16, 2015 6:58pm | Edited 8:32pm
Hi, I have some questions.

My brother was a client at alpari too and he traded EUR/CHF which resulted in one of his accounts to end up with -10,000 Euro.

Now his open trades with EUR/USD were closed by alpari which resulted in a ~30k loss while he was hedging with Sell positions to keep his accounts afloat while waiting for EUR/USD to make a U-turn. After the closing of the trades he still got accumulated about 4k left on his other accounts.

Alpari said they would cover the lossses "Where a client cannot cover this loss, it is passed on to us." http://www.alpari.com/company-news/p...-announcement/

Does this mean that he can get his 4k back? Or will it get used to cover the -10,000 Euro and that he may have to pay the -6k left too?

My brother and me are from germany, do we have the same right for the services at http://www.fca.org.uk/ and http://www.fscs.org.uk/ like UK based customers? What do you guys think we should do? We already contacted Alpari with no response, so should we send an E-Mail to these two services?

Another question is that the ~30k losses resulted because Alpari just closed every open position when we were still in process of saving the money. Do we have some right for compensation for the actions alpari took?

My brother is still in schock at what happened.

Thanks in advance for the responses.
  • #1,892
  • Jan 16, 2015 7:48pm Jan 16, 2015 7:48pm
daily report received. all are fine. no trades open. what we can do now is wait. And I guess Alpari.uk is game over because a guy did give response (china region) saying that we could get back our fund after Liquidation
  • #1,893
  • Jan 17, 2015 12:35am Jan 17, 2015 12:35am
Quoting wptrunner
{quote} I'll be happy if I recover all my money. I was closed today in XAUUSD long and NQ100 short ... But new opportunities will come if my money come back.
i was trying to take a 10 Lots BUY CALL on EUR-USD on 1.1492 when i got back the famous "TRADE DISABLED" message..
imagine how much money i could have now in profit
  • #1,894
  • Jan 17, 2015 1:54am Jan 17, 2015 1:54am
Alpari UK Confirms Insolvency Procedure, Client Funds in Segregated Accounts
Jan
16
2015
Posted on January 16, 2015 by Victor Golovtchenko in Breaking News,Brokers,Retail Forex


16 Comments
http://forexmagnates.com/wp-content/...go-300x196.jpgThe first major casualty of the Swiss franc debacle is Alpari UK, which has just issued the following statement on its website:
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.
Any client funds should remain unaffected as the brokerage prepares to go out of business.
- See more at: http://forexmagnates.com/alpari-uk-c....jhWsnWSD.dpuf
Never Ever Give Up!
  • #1,895
  • Jan 17, 2015 1:55am Jan 17, 2015 1:55am
Quoting justme1952
I am not sure what it means, but this is the agreement that i have signed back in 2009. It says "non-segregated". Does it actually mean that I waived my own right to ever claim back my money? {image}
no i think it says u have passed funds which are non segregated (it did not come from different sources) and have given it to alpari..standard thing..do not get nervous
  • #1,896
  • Jan 17, 2015 1:57am Jan 17, 2015 1:57am
does any1 know what happens to the floating trades we had before they decided to cut our trades regardless of profit or loss..u think we can do anything about this?? ..this is quite a set back for me as i can imagine it is for all of us
  • #1,897
  • Jan 17, 2015 2:01am Jan 17, 2015 2:01am
Quoting Rolexey
{quote} Its my second broker and I like them because: 1. They didn't gave me headache when I wanted to withdraw money; 2. The "direct" thing for trading saved me many times from blowing my account. These are small things but to me are very important.
but now they are liquidised with our money..
  • #1,898
  • Jan 17, 2015 2:02am Jan 17, 2015 2:02am
I had floating trades, which would have come in profit, but alpari closed them all. now i am loss.
  • #1,899
  • Jan 17, 2015 2:37am Jan 17, 2015 2:37am
Quoting whtangpi
daily report received. all are fine. no trades open. what we can do now is wait. And I guess Alpari.uk is game over because a guy did give response (china region) saying that we could get back our fund after Liquidation
Thats nice to hear, thanks for the news!
My signature is: "Classified".
  • #1,900
  • Jan 17, 2015 2:46am Jan 17, 2015 2:46am
Quoting EatPIPs
{quote} It was useless when visiting their offices today without having the POC there. I got more info from my POC later in the afternoon.
Ok, well it was worth a try.
My signature is: "Classified".
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