Alpari.co.uk Discussion | Page 102 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Alpari UK Insolvency Does Not Affect Other Alpari Companies 4 replies

Alpari US vs Alpari UK 20 replies

Alpari NZ vs Alpari UK 7 replies

Alpari Direct Pro vs Alpari MT4 Pro 4 replies

Alpari Russia, Alpari UK or MIG??? 5 replies

Attachments: Alpari.co.uk Discussion
Exit Attachments

Alpari.co.uk Discussion

  • #2,021
  • Jan 18, 2015 4:44pm Jan 18, 2015 4:44pm
new trading week started , n still no update.


new
  • #2,022
  • Jan 18, 2015 4:47pm Jan 18, 2015 4:47pm
let's see what happens in a few hours. At this moment trading skill, be patient
  • #2,023
  • Jan 18, 2015 4:59pm Jan 18, 2015 4:59pm
Quoting madxzen
So what about us poor fellows with a negative account? Will they come after us?
My understanding is that the reason Alpari suffered such huge losses is because customers are only liable up to the amount in their account. So if a customer had a balance of $1,000 and a CHF position that resulted in a $3,000 loss, the account would be wiped out and Alpari would suffer a loss of $2,000 that they would be unable to collect from the customer.

Apparently, as of Sunday evening, Alpari (UK) Limited has not yet entered a formal insolvency process and the directors have been working over the weekend to sell the business or raise funds. I see that the Alpari price feed is still working so if they've succeeded in finding alternative funding perhaps they'll soon be back in business.
TheLazyForexTrader
  • #2,024
  • Jan 18, 2015 5:07pm Jan 18, 2015 5:07pm
Quoting Phil_GMT
{quote} I only trade with MAX 16:1 LEVERGE. $16 pip per $10000 However I like over 200:1 leverage as I don't need to put all of my risk captal in my account.
That is a smart use of leverage lol, I think few do it like that.
  • #2,025
  • Jan 18, 2015 5:12pm Jan 18, 2015 5:12pm
Quoting invicta
{quote} My understanding is that the reason Alpari suffered such huge losses is because customers are only liable up to the amount in their account. So if a customer had a balance of $1,000 and a CHF position that resulted in a $3,000 loss, the account would be wiped out and Alpari would suffer a loss of $2,000 that they would be unable to collect from the customer.
unable i believe is not the correct word... its just very difficult.

in case (hope not happening) administrators entering the company they might change this decision and go after the clients who own money. as its nearly everywhere stated... trading may result in more loss than what you invested in....

check the case of saxo bank... i have read of a few cased of people that are asked to pay hundred of thousands of euros/us dollars way way way more than their initial investment just because of the SL taking place a "few" thousand pips....later
  • #2,026
  • Jan 18, 2015 6:38pm Jan 18, 2015 6:38pm
Sigh... it's built into the agreement with alpari that a trader is responsible for losses incurred on their accounts, even if it is greater than their initial investment. Those who ended up with negative balances will be chased to pay.

it's just the losses were so extensive Alpari had liquidity problems because losing traders wouldn't have paid immeadiately, in fact many may try never to pay.
I operate with clear definite rules, if I break them I lose BIG!
  • #2,027
  • Jan 18, 2015 7:06pm Jan 18, 2015 7:06pm
Quoting BobbyStar
{quote} I use the standard MT4 with all IronFX, Oanda and Tickmill. I'm an old school guy.
Dude,seriously, how are their withdrawal process? Do they do good? Thanks.
  • #2,028
  • Jan 18, 2015 8:14pm Jan 18, 2015 8:14pm
Quoting panhwar
new trading week started , n still no update. new
wow still no update from alpari uk? sigh,,my best friend has account at alpari about $49.000,,,and he was confused now,,,
hope the client alpari UK can withdrawal the equity remaining in their mt4,,,,
  • #2,029
  • Jan 18, 2015 9:03pm Jan 18, 2015 9:03pm
can anyone recommend any good spread betting broker? with at least 1:100 leverage and MT4? so far i know is City Index but im not sure if they do MT4 with their spread betting accounts... IG markets is another but reviews of IG market are terrible.
  • #2,030
  • Jan 18, 2015 10:10pm Jan 18, 2015 10:10pm
Quoting TerryTibbs
can anyone recommend any good spread betting broker? with at least 1:100 leverage and MT4? so far i know is City Index but im not sure if they do MT4 with their spread betting accounts... IG markets is another but reviews of IG market are terrible.
Lmax and tickmill, which one is better? Can anyone share their experience ? thanks
  • #2,031
  • Jan 19, 2015 12:09am Jan 19, 2015 12:09am
Quoting whtangpi
{quote} Lmax and tickmill, which one is better? Can anyone share their experience ? thanks
Doesnt look like Tickmill do spread betting, nothing on their website about it.

Lmax.... i dont even understand their website....what are they selling to me??? what are they? a broker? they offer services to brokers? affiliates?
  • #2,032
  • Jan 19, 2015 12:32am Jan 19, 2015 12:32am
i've just got one account at thinkforex,

anyone did the same?

they claimed to be safe during the incident,

plus they offer promotions to clients who switch to them($5 redeem per lots traded,max 2000usd)
  • #2,033
  • Jan 19, 2015 12:56am Jan 19, 2015 12:56am
Back to the topic.....

The longer Alpari takes to resolve the issue.....the bigger the damage to themselves......

Come on Alpari! We are all waiting for a positive outcome .....preferably today!
Never Ever Give Up!
  • #2,034
  • Jan 19, 2015 1:10am Jan 19, 2015 1:10am
its monday, they should let us trade or return money.... they have already caused much trouble and loss by closing floating trades.
  • #2,035
  • Jan 19, 2015 1:16am Jan 19, 2015 1:16am
http://brokerbankcruptcy.blogspot.co.uk/

something to read in the meanwhile

stay strong folks
  • #2,036
  • Jan 19, 2015 1:36am Jan 19, 2015 1:36am
I still can't get over how AlpariUK handled this.

I understand they suffered a huge loss but to keep clients in the dark like this is crazy. I am already upset because I lost half my account because they forced me to close my trades prematurely.

If they do continue to operate are they just going to pretend like it's business as usual and that none of this happened?

Just because they lost money why should I have to suffer?

The fact that there's no "we are sorry for any inconvenience this may have caused" on their website makes me so mad. All they care about is their own personal interests. Well even if they do get a buyer half their clients are looking for other brokers as we speak.

I'm sorry guys it may be an overreaction but I still can't believe this.

& the SNB..how irresponsible.
  • #2,037
  • Jan 19, 2015 1:38am Jan 19, 2015 1:38am
Quoting nAVIN2007
{quote} 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
Thank You nAVIN! By any chance do you have an ide how (from where) can I download alpari's MT4 .exe file. I removed the MT4 platform from my PC - don't ask me why on earth I did that Although I kept it on my iphone Thank You in advance!
  • #2,038
  • Jan 19, 2015 1:48am Jan 19, 2015 1:48am
if you are searching for new broker
http://forexmagnates.com/banks-bucke...nc-volatility/
  • #2,039
  • Jan 19, 2015 1:53am Jan 19, 2015 1:53am
Still no comfirmation from alpari dubai as representatif office for asia, i can't access and just wait for good news.

Better if alpari make calm their customer and no black campaign info. Please i wan my money back.
  • #2,040
  • Jan 19, 2015 1:58am Jan 19, 2015 1:58am
At this moment in time , you need a reputable Broker , well regulated and who is reliable , I have goggled Ironfx and there are a few negatives on various forums so for me they are out.
IG index looks promising but for some reason my EA is not working there whilst it works on all other MT4 brokers .
I will wait a bit longer to see what happens to FXCM , OANDA looks good but I noticed some weird Spreads at the closure last Friday , e.g GBPAUD had a huge sprerad of 76 pips , whilst GBPUSD had something like 35
These kinds of things would never happen at Alpari , they were so professional , reliable and honest .Please let us know of any Brokers who are reputable , reliable , whose MT4 Platform works with normal EAs and Which do not manipulate Spreads
6 traders viewing now