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  • #2,181
  • Jan 19, 2015 2:28pm Jan 19, 2015 2:28pm
Today i speak to Oanda employ as i want to open an account , i said to him i am an alpari uk costumer with small amount of money about 1K he say to me dont worry you will get it back. Send some postive vibes and wishfull thinking to all of you .
  • #2,182
  • Jan 19, 2015 2:31pm Jan 19, 2015 2:31pm
Quoting shail31
{quote} Firstly ,do you have any clue how much of clients funds alpari originally had? They have 95 mil now,how much was it before 15 Jan? That's what's important. About pool please understand a pool means putting into one fund, look up the meaning.If you look at my previous answers I have quoted this not out of my own imagination as I want to get the facts right.The quote was from a broker where he said the funds are segregated but pooled together not held in individual a/c's

pooled or not the funds there are not used for trading ...or better are NOT supposed to be used for trading

if i deposit to alpari 100 and you deposit 50 they can place it in one account and the total would be 150 BUT when you trade your money (more or less) are "not in" the bank account in question and the losses of yours are not "coming" to the account. as i mentioned earlier there is a procedure its not as simple as it sounds

one way or another the funds are in place

in case the funds are not in place then you can request the appropriate authority to "refund" you up to 50k (or more in case of other account types)


Quoting nAVIN2007
u guys are speculating on info which we dont know..driving yourselves mad.. what will happen will happen..try and wait for something to happen otherwise u will drive yourself nuts even i am starting to get worried now..lol
you are correct

lets end it here

but i would like someone to ask what is going to happen with the people having negative accounts what has been arranged as we are talking for (most of the cases) huge loses

and those type of accounts are not going to be sold but chased.. and based on what i heard saxo bank did... the taste is not good at all... and remember we are not talking about alpari anymore.... but KPMG...their administrators
  • #2,183
  • Jan 19, 2015 2:32pm Jan 19, 2015 2:32pm
Quoting forexTN14
Are you guys "satisfied" if they say, we just able to pay you out 50 % or less ... If this happens, what a world ...
Thats a nice idea for the Gr bailout also ;-)
  • #2,184
  • Jan 19, 2015 2:36pm Jan 19, 2015 2:36pm
Quoting KGP
{quote} so alpari is nearly 60 million in black (if you take out all the loses nearly 45+million and out of the segregated accounts )... and thus they didnt have any problem... (thats what was going to happen in case they could do what you say)
The regulation requires that Alpari UK (and any other British broker) must have more money than all customer deposits. If Alpari UK would really meet these requirements, then takes before 15 January, the equity amount to at least 140 million have (now 95 million customer deposits plus the loss). If Alpari UK now has only 60 million capital, the company was equipped with too little capital. And with far too little capital!
  • #2,185
  • Jan 19, 2015 2:36pm Jan 19, 2015 2:36pm
Quoting nAVIN2007
u guys are speculating on info which we dont know..driving yourselves mad.. what will happen will happen..try and wait for something to happen otherwise u will drive yourself nuts even I am starting to get worried now..lol
lol yes.Did you speak to KPMG?Someone with legal expertise from brokerbankruptcy said that
it could take 3 months.
  • #2,186
  • Jan 19, 2015 2:42pm Jan 19, 2015 2:42pm
Quoting shail31
{quote} lol yes.Did you speak to KPMG?Someone with legal expertise from brokerbankruptcy said that it could take 3 months.

at least we agree on something hahahahaha (it may take even further)

i believe the positive ones are going to be "sold" and thus escape out quickly...
  • #2,187
  • Jan 19, 2015 2:47pm Jan 19, 2015 2:47pm
Quoting KGP
{quote} pooled or not the funds there are not used for trading ...or better are NOT supposed to be used for trading if i deposit to alpari 100 and you deposit 50 they can place it in one account and the total would be 150 BUT when you trade your money (more or less) are "not in" the bank account in question and the losses of yours are not "coming" to the account. as i mentioned earlier there is a procedure its not as simple as it sounds one way or another the funds are in place in case the funds are not in place then you can request the appropriate...
This is only possible if alpari is using it's own money to trade and your funds are completely safe(not used
for trading) or else the segregated pool will have decreased substantially.
About those with negative here in the uk fscs mentioned alpari will be looked into for
negligence.
Ones with positive like me can claim with the form but it can likely take around 3 months.
  • #2,188
  • Jan 19, 2015 2:51pm Jan 19, 2015 2:51pm
http://alpari-forex.com/en/company/n.../19/alpari_uk/

Why the alpari group didn't help alpari uk? I don't understand of alpari organizational structure.
  • #2,189
  • Jan 19, 2015 2:58pm Jan 19, 2015 2:58pm
Quoting shail31
{quote} This is only possible if alpari is using it's own money to trade and your funds are completely safe(not used for trading) or else the segregated pool will have decreased substantially. About those with negative here in the uk fscs mentioned alpari will be looked into for negligence. Ones with positive like me can claim with the form but it can likely take around 3 months.

alpari closed my terminal after the swiss turmoil closing balance is 16,410k ..this is what i will get back right?
the regulator told me up to 6 months..i will miss a lot of trading as a result of this..might even end of trading career (am laughing at the fact i called it a career)
  • #2,190
  • Jan 19, 2015 3:05pm Jan 19, 2015 3:05pm
Quoting nAVIN2007
{quote} alpari closed my terminal after the swiss turmoil closing balance is 16,410k ..this is what i will get back right? the regulator told me up to 6 months..i will miss a lot of trading as a result of this..might even end of trading career (am laughing at the fact i called it a career)
Hey guys, did you recieved any information or confirmation from alpari uk that your money will. Be bring back to you?
  • #2,191
  • Jan 19, 2015 3:05pm Jan 19, 2015 3:05pm
Quoting widyantoro
{quote} Hey guys, did you recieved any information or confirmation from alpari uk that your money will. Be bring back to you?

no
  • #2,192
  • Edited 3:26pm Jan 19, 2015 3:09pm | Edited 3:26pm
Quoting KGP
{quote} pooled or not the funds there are not used for trading ...or better are NOT supposed to be used for trading if i deposit to alpari 100 and you deposit 50 they can place it in one account and the total would be 150 BUT when you trade your money (more or less) are "not in" the bank account in question and the losses of yours are not "coming" to the account. as i mentioned earlier there is a procedure its not as simple as it sounds one way or another the funds are in place in case the funds are not in place then you can request the appropriate...

honestly if the people who have negative accounts are not being chased then i see no reason why i should have to lose 3.6k in dd because alpari closed my trades..if the regulatory body is telling me i cant claim against the dd then for sure those with negative equity are going to be pursued..its only logical to assume this...wont u agree?

alpari is completely responsible for this mess..traders in massive negative equity are in this mess because alpari system couldnt exit them out of the trade..i thought this incident would affect other brokers but its appear to be limited..this suggests alpari trade system is seriously flawed..
  • #2,193
  • Jan 19, 2015 3:43pm Jan 19, 2015 3:43pm
Quoting nAVIN2007
{quote} honestly if the people who have negative accounts are not being chased then i see no reason why i should have to lose 3.6k in dd because alpari closed my trades..if the regulatory body is telling me i cant claim against the dd then for sure those with negative equity are going to be pursued..its only logical to assume this...wont u agree? alpari is completely responsible for this mess..traders in massive negative equity are in this mess because alpari system couldnt exit them out of the trade..i thought this incident would affect other brokers...
No. After margin call Alpari must close trade. Is Alpari mistake when client balance go to negative. Is Alpari loss.
DD is yours loss.
I have an account to Alpari UK and I dont whant to withdrawal my money. I wait to see who will buy the company.
100% KPMG will sell the company.
  • #2,194
  • Jan 19, 2015 3:49pm Jan 19, 2015 3:49pm
Quoting nAVIN2007
{quote} honestly if the people who have negative accounts are not being chased then i see no reason why i should have to lose 3.6k in dd because alpari closed my trades..if the regulatory body is telling me i cant claim against the dd then for sure those with negative equity are going to be pursued..its only logical to assume this...wont u agree? alpari is completely responsible for this mess..traders in massive negative equity are in this mess because alpari system couldnt exit them out of the trade..i thought this incident would affect other brokers...
No. After margin call Alpari must close trade. Is Alpari mistake when client balance go to negative. Is Alpari loss.
DD is yours loss.
I have an account to Alpari UK and I dont want to withdrawal my money. I wait to see who will buy the company.
100% KPMG will sell the company.
  • #2,195
  • Jan 19, 2015 3:53pm Jan 19, 2015 3:53pm
Quoting Tim_isoara
{quote} No. After margin call Alpari must close trade. Is Alpari mistake when client balance go to negative. Is Alpari loss. DD is yours loss. I have an account to Alpari UK and I dont whant to withdrawal my money. I wait to see who will buy the company. 100% KPMG will sell the company.

if u are with a broker and u enter a trade, for sure almost always there is a drawdown if the company closes the trade regardless of yur margin..they are at fault ..asking u to pay makes my completely lose faith in my the broker
  • #2,196
  • Jan 19, 2015 3:55pm Jan 19, 2015 3:55pm
Quoting nAVIN2007
{quote} alpari closed my terminal after the swiss turmoil closing balance is 16,410k ..this is what i will get back right? the regulator told me up to 6 months..i will miss a lot of trading as a result of this..might even end of trading career (am laughing at the fact i called it a career)
Logically speaking yes 16,410K. However it depends on how much money they actually got or else you will have to claim from fscs.
  • #2,197
  • Jan 19, 2015 3:56pm Jan 19, 2015 3:56pm
As far as I understand anyone who is owed money from Alpari UK should send a proof of debt form that can be found here to an email that is on right side of this page:

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
  • #2,198
  • Jan 19, 2015 3:58pm Jan 19, 2015 3:58pm
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
Guys do you think we need to use the claim form on the KPMG website?
Experiments All Time Return: -30.8%
  • #2,199
  • Jan 19, 2015 3:58pm Jan 19, 2015 3:58pm
Quoting nAVIN2007
{quote} if u are with a broker and u enter a trade, for sure almost always there is a drawdown if the company closes the trade regardless of yur margin..they are at fault ..asking u to pay makes my completely lose faith in my the broker
Have a word with fscs about compensation.I did ,they said , will look about negligence,however call me
after a week.Lets get the facts right.
  • #2,200
  • Jan 19, 2015 4:02pm Jan 19, 2015 4:02pm
Quoting wantsomepips
As far as I understand anyone who is owed money from Alpari UK should send a proof of debt form that can be found here to an email that is on right side of this page: https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
do you have something delivered? Or service provided? Then you must submit your claims. This form has nothing to do with the individual trading accounts for receivables from these accounts are unique.
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