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  • #1,901
  • Jan 17, 2015 2:50am Jan 17, 2015 2:50am
Another confirmation here of daily report received with all figures correct. I guess these are just automatic emails, but at last it shows our client accounts haven't been trashed.
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #1,902
  • Jan 17, 2015 2:56am Jan 17, 2015 2:56am
I got my daily confirmation too yesterday. The money seem to be there alright, now its just a matter of getting it out and place it with a MORE reliable broker.
My signature is: "Classified".
  • #1,903
  • Jan 17, 2015 3:06am Jan 17, 2015 3:06am
Wikipedia has been updated quickly using past tense already: "Alpari Group was a UK-based foreign exchange (FX, Forex), precious metals and CFD broker headquartered in London".
  • #1,904
  • Jan 17, 2015 3:20am Jan 17, 2015 3:20am
Quoting Frenchie
Wikipedia has been updated quickly using past tense already: "Alpari Group was a UK-based foreign exchange (FX, Forex), precious metals and CFD broker headquartered in London".
that doest look good..
i dont understanddd FXCM was down with 225 MILLION EFFIN US DOLLARS!!
and they managed to get out of the trap with a 300M $ loan for 2 years and corrected its stuff
ALPARI UK was just down with 2.5 MILLION and cant manage the situation here!!!!!?????? nothing suspicious???????
they declared its solvency so quick i see
  • #1,905
  • Jan 17, 2015 3:26am Jan 17, 2015 3:26am
Quoting Frenchie
Wikipedia has been updated quickly using past tense already: "Alpari Group was a UK-based foreign exchange (FX, Forex), precious metals and CFD broker headquartered in London".
the past tense here is for ALPARI GROUP ... not ALPARI UK Ltd.
  • #1,906
  • Jan 17, 2015 3:38am Jan 17, 2015 3:38am
Quoting magicpips
Oh. because of regulation thing Mrs can not help me but she assures me we will be ok.So the only thing at this moment please keep calm and please guys do not speculate anything here as for some of us it is very stressful time so please. Thanks

Could you please clarify if a/c's below £50,000 which suffered massive losses due to stop losses not tigerred
will get their money back( I mean including the losses) i.e. before the tragedy happened?
  • #1,907
  • Jan 17, 2015 3:43am Jan 17, 2015 3:43am
I wrote to the FCA yesterday asking for clarification as to exactly what is going on because we are not being told everything. I should get a reply within 2 working days.
Excel Markets allowed their clients to withdraw funds after announcing they would be ceasing to trade which should not be a problem as the funds were kept in a segregated account.
I asked the FCA why my same day withdrawal was not processed by Alpari UK if they were keeping my funds in a segregated account. Alpari has acted very badly in this respect as they should still be allowing clients with a positive balance to withdraw their funds as they should still be there kept safe in segregated accounts.
Ill wait until 3pm on the 19th January for the funds to be credited in my personal bank account and if they are not there by this time I will put in a claim to the FSCS regardless of what they or Alpari UK are saying.
On the FSCS website it clearly states that you can claim if it appears that a company is unable or unlikely to pay.
Going on the facts of how this is all unfolding I am starting to believe that the last statement is true.
A same-day payment should be exactly what it says (a same-day payment) and as Alpari UK keep client funds in a segregated account (allegedly) there should of been no problem processing this payment.
  • #1,908
  • Jan 17, 2015 4:34am Jan 17, 2015 4:34am
Hi there people.

How do we even begin to do a withdrawal request as there website is locked and nobody will answer the phones.

Bit shocking to be honest.
  • #1,909
  • Jan 17, 2015 5:21am Jan 17, 2015 5:21am
Ok, they are done.
What now? I have money there. Do I have to apply for FCA somehow or they return it back to my bank account after liquidation? Or when?
  • #1,910
  • Jan 17, 2015 5:35am Jan 17, 2015 5:35am
I have an Alpari Uk account with 30k (
If someone is in the same situation as me, you can contact me.
I hope to hear from them.

Take care
  • #1,911
  • Jan 17, 2015 5:40am Jan 17, 2015 5:40am
Quoting jossfx
I have an Alpari Uk account with 30k ( If someone is in the same situation as me, you can contact me. I hope to hear from them. Take care
I was thinking about opening an account with Alpari a while back but now I'm glad I didn't. I hope you're able to recover your funds in full. Good luck.
  • #1,912
  • Jan 17, 2015 5:55am Jan 17, 2015 5:55am
How do you know about the 2.5 mio?
Quoting Mroue26
{quote} that doest look good.. i dont understanddd FXCM was down with 225 MILLION EFFIN US DOLLARS!! and they managed to get out of the trap with a 300M $ loan for 2 years and corrected its stuff ALPARI UK was just down with 2.5 MILLION and cant manage the situation here!!!!!?????? nothing suspicious??????? they declared its solvency so quick i see
  • #1,913
  • Jan 17, 2015 6:07am Jan 17, 2015 6:07am
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}

Hi justme
Every broker here in Europe must comply with its country regulators.
Most of EU countries have something like "government guarantee" that a portion of their deposit is secured by government in case of broker or bank insolvency.
The standard amount "dubbed as segregated" is usually 50.000EUR, which means if a broker gone busted all your deposit BELOW 50.000EUR will be paid back to you by government. Any money left on your account ABOVE 50.000EUR might be unfortunately lost partially or in full.
I am not sure what the regulator threshold is in UK is, but I reckon it will be 30K-50K.
Check or google >> FSA Regulator <<

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  • #1,914
  • Jan 17, 2015 6:17am Jan 17, 2015 6:17am
Quoting Fxworld
How do you know about the 2.5 mio? {quote}
Bloomberg news
  • #1,915
  • Jan 17, 2015 6:18am Jan 17, 2015 6:18am
The only thing to do now is sit and wait until the administrator of the insolvency is announced by Alapri themselves or FCA and then adress our claims to that person (e.g. with last nights daily account slip).
  • #1,916
  • Jan 17, 2015 6:20am Jan 17, 2015 6:20am
Quoting halkins
{quote} Hi justme Every broker here in Europe must comply with its country regulators. Most of EU countries have something like "government guarantee" that a portion of their deposit is secured by government in case of broker or bank insolvency. The standard amount "dubbed as segregated" is usually 50.000EUR, which means if a broker gone busted all your deposit BELOW 50.000EUR will be paid back to you by government. Any money left on your account ABOVE 50.000EUR might be unfortunately lost partially or in full. I am not sure what the regulator threshold...
i just hope they solve it ASAP before the ECB and the CPI on thursday and friday it will be a high volatility movements
  • #1,917
  • Jan 17, 2015 6:21am Jan 17, 2015 6:21am
http://t.co/dUz0qOMtn3
  • #1,918
  • Jan 17, 2015 6:23am Jan 17, 2015 6:23am
Could you please post the link, i cant find it?
Quoting Mroue26
{quote} Bloomberg news
  • #1,919
  • Jan 17, 2015 6:24am Jan 17, 2015 6:24am
I don't want to panic here for those who had an account at Alpari but this is what I've found ....

Foreign exchange brokerages which held collateral with companies facing insolvency, (such as Alpari UK) will in turn suffer losses, as these funds are not in segregated accounts and do not benefit from protection by the regulatory agencies. -

See more at: http://forexmagnates.com/foreign-exc....obZl4ZiR.dpuf
  • #1,920
  • Jan 17, 2015 6:25am Jan 17, 2015 6:25am
I'm glad I'm not in the position where I owe money, I'd hate to be on the receiving end of the debt collectors in future months.
I operate with clear definite rules, if I break them I lose BIG!
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