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Alpari.co.uk Discussion

  • #1,981
  • Jan 18, 2015 4:11am Jan 18, 2015 4:11am
Quoting Mroue26
i expect we will receive an email from them on Monday... lets keep high hopes.. maybe they are finding a way without asking for liquidity from anyone.. Alpari is a large group of companies. after taking the best decision in the best trade in my entire life! just 35 SECONDS before 11:30 .. there's must be hope {image}
well that is not possible, if they are insolvent as they say, then legally can they cannot do business. Now they must either acquire capital to get over the insolvency, be taken over or liquidate......
  • #1,982
  • Jan 18, 2015 4:16am Jan 18, 2015 4:16am
Quoting MaxDoom
{quote} well that is not possible, if they are insolvent as they say, then legally can they cannot do business. Now they must either acquire capital to get over the insolvency, be taken over or liquidate......
they did not enter formal insolvency process yet!
check the last update:
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. Retail client funds continue to be segregated in accordance with FCA rules. For the avoidance of any doubt and notwithstanding previous announcements by the company, Alpari (UK) Limited has not entered a formal insolvency process. The board of directors are urgently considering all options including a sale and are liaising closely with the FCA. We hope to make a further announcement shortly.
  • #1,983
  • Jan 18, 2015 4:17am Jan 18, 2015 4:17am
Quoting Cobra
Alpari is a solid business and I will continue trading with them if they are rescued in any way. They have not given anybody here reason to not trust them did they? What happened to them also happened to FXCM isn't it? Traders are just scared about what happened and fear that it can happen again. Alpari and other ECN brokers will NEVER let this happen agqain with them. You can count on that. They will find ways and means to limit the damage in case of such an event. Regulation will also follow shortly to stop this from happening. You can count on...
The future
Now that i have digested this whole thing, im sort of with yah there. Alpari has been good to me, not perfect, but nobodies perfect. What i will do depends on how they handle all this. One idea is to transfer us as customers to another branch of Alpari. In that case i will se how it works out, and if its OK i will stay.
My signature is: "Classified".
  • #1,984
  • Jan 18, 2015 4:35am Jan 18, 2015 4:35am
Quoting Mroue26
{quote} they did not enter formal insolvency process yet! check the last update: 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. Retail client funds continue to be segregated in accordance with FCA rules. For the avoidance of any doubt and notwithstanding previous announcements by the company, Alpari (UK) Limited has not entered a formal insolvency process. The board of directors are...
just because they have not pushed the button yet, does not mean that they are not insolvent eh! the fact that they use the term "formal insolvency" clearly implies they are insolvent but not yet entered into the formal process whilst they struggle to see if they can put a deal together first, hence liaising with the FCA. A company would always try to do it this way if possible, because the price of a company that enters formal insolvency is much cheaper than one that has not...
  • #1,985
  • Jan 18, 2015 5:52am Jan 18, 2015 5:52am
http://forexmagnates.com/exclusive-a...ient-balances/
  • #1,986
  • Jan 18, 2015 6:46am Jan 18, 2015 6:46am
Well its seems news is little better today lets hope all goes well. I have positive feel about it, I think loss is not that big and that it should be more potential interested parties looking to get hands on Alpari after all there aren't no name in industry and worth of take over by mine opinion.
  • #1,987
  • Jan 18, 2015 7:40am Jan 18, 2015 7:40am
I ve heard that IG INDEX is the potential buyer,somewhere one of the websites said it
  • #1,988
  • Jan 18, 2015 7:49am Jan 18, 2015 7:49am
Quoting magicpips
I ve heard that IG INDEX is the potential buyer,somewhere one of the websites said it
How good is IG Index , I am considering amove to them
  • #1,989
  • Jan 18, 2015 8:02am Jan 18, 2015 8:02am
I think they lost 40 mio.
http://www.forexpeacearmy.com/public....igmarkets.com
http://www.forexpeacearmy.com/public...x.co.uk?page=1
Quoting tafadzwa02
{quote} How good is IG Index , I am considering amove to them
  • #1,990
  • Jan 18, 2015 8:03am Jan 18, 2015 8:03am
I know IG Group only as a CFD broker or is IG Index someone else?
  • #1,991
  • Jan 18, 2015 8:05am Jan 18, 2015 8:05am
Quoting magicpips
I ve heard that IG INDEX is the potential buyer,somewhere one of the websites said it
Gain Capital, aka forex.com also a potential buyer. The broker currently the worst reputation going.
  • #1,992
  • Jan 18, 2015 8:10am Jan 18, 2015 8:10am
Excel Markets refund money from the second day. They are very professionals.
These SUCKERS from Alpari Uk should take notes how to treat clients.
You can't even access your account.
  • #1,993
  • Jan 18, 2015 8:14am Jan 18, 2015 8:14am
http://leaprate.com/2015/01/alpari-j...-is-insolvent/
Quote
Alpari Japan tells clients to withdraw funds as parent company is insolvent
By Andrew Saks-McLeod on Sunday, 01.18.15
Alpari’s Japanese operation has advised clients that it will be returning all funds, plus not opening new positions as a result of the capital position of its parent company Alpari UK
http://leaprate.com/wp-content/uploa...i1-170x150.png
Alpari’s Japanese division has published a notice on its corporate website, advising that all clients should withdraw their funds, as the Japanese division of Alpari’s parent...

pasting the above i would like also to ask for everyone to be calm

the company from what i know has been well capitalised but not to the extend of the hit it got from "black thursday".

also the funds are in place the issue for me and i believe for everyone NOW is not the opened closed positions or the balance that we have now (for all of us in positive) but time...as we luck cashflow for "our" operations (trading)
  • #1,994
  • Jan 18, 2015 8:48am Jan 18, 2015 8:48am
Alpari after swiss tsunami had 50M gap between their clients accounts and his LP accounts. If they announced insolvency it means that there was nobody to cover this gap and that it wasn't able to operate anymore having such gap on LP side. They didn't simply have money to back their clients positions with LPs, many LPs have decreased leverage on Swiss pairs to 10%.
  • #1,995
  • Jan 18, 2015 10:20am Jan 18, 2015 10:20am
Hi! more news about potential buyer

Breaking: FXCM Emerges as Potential Buyer for the Business of Alpari UK - See more at: http://forexmagnates.com/fxcm-emerge....4qEYybDJ.dpuf
  • #1,996
  • Jan 18, 2015 10:22am Jan 18, 2015 10:22am
I never liked alpari from the day they kept calling me everyday bothering me.
YOUR MOTHERS ASS
  • #1,997
  • Jan 18, 2015 10:54am Jan 18, 2015 10:54am
Alpari keen to stress they have not started the wind-up process - from their website;

Important announcement
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. Retail client funds continue to be segregated in accordance with FCA rules. For the avoidance of any doubt and notwithstanding previous announcements by the company, Alpari (UK) Limited has not entered a formal insolvency process. The board of directors are urgently considering all options including a sale and are liaising closely with the FCA. We hope to make a further announcement shortly.
  • #1,998
  • Jan 18, 2015 10:56am Jan 18, 2015 10:56am
Quoting jossfx
Hi! more news about potential buyer Breaking: FXCM Emerges as Potential Buyer for the Business of Alpari UK - See more at: http://forexmagnates.com/fxcm-emerge....4qEYybDJ.dpuf
The board of directors are urgently considering all options including a sale and are liaising closely with the FCAThat means if they dont find a way out of this... They will accept FXCMs offer and we will get back to business
  • #1,999
  • Jan 18, 2015 11:05am Jan 18, 2015 11:05am
Quoting jossfx
Hi! more news about potential buyer Breaking: FXCM Emerges as Potential Buyer for the Business of Alpari UK - See more at: http://forexmagnates.com/fxcm-emerge....4qEYybDJ.dpuf
EPIC move by them. Very smart actually. The only question is how will they change their business model? What margin? If the margins stay as they are right now and sometime change when risk emerges as we had with this idi0t Jordan story then all will be fine. If margin will be changed, I think many will move their account away from them.
  • #2,000
  • Jan 18, 2015 11:06am Jan 18, 2015 11:06am
Quoting attilafx
{quote} EPIC move by them. Very smart actually. The only question is how will they change their business model? What margin? If the margins stay as they are right now and sometime change when risk emerges as we had with this idi0t Jordan story then all will be fine. If margin will be changed, I think many will move their account away from them.
Does anyone seriously use 100 to 1 leverage?
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