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Alpari.co.uk Discussion

  • #2,241
  • Jan 20, 2015 2:09am Jan 20, 2015 2:09am
Quoting mmx007
But I just want to give an important notice: If customers want to withdraw their money, they must use their user name and password to enter the Alpari online panel and submit withdraw request.
... and how is that going to be possible when Alpari have locked down their website and all pages just lead to the "announcement"?
  • #2,242
  • Edited 2:49am Jan 20, 2015 2:22am | Edited 2:49am
Quoting TerryTibbs
Dukascopy and Oanda are two brokers that are handling this whole disaster properly. No re-quotes/cancellations on CHF trades and negative balances cleared. This is service, this re-instates trust back into the clients. Alpari is a joke. I would switch to one of these two if they offered spread betting but for you other guys, go to one of these guys. They treat their clients right.
Your so naiv. Oanda was 1 hour with no any quote. Why Oanda client have negative balance? Why Oanda after margin call not close the trade?
I am client of Oanda. And I not have a open trade at that moment, but....
If you have a position long on 15.01 on eurchf leverage >4 on any broker to the world your account balance now is zero or minus.
That is the truth about all brokers.
The Regulators must do something about that problem for future. SL must be guaranteed or to have allowed a maximum slippage for SL
And guaranted that account cant go to negative balance.
  • #2,243
  • Jan 20, 2015 2:36am Jan 20, 2015 2:36am
Quoting dambuster
{quote} ... and how is that going to be possible when Alpari have locked down their website and all pages just lead to the "announcement"?
KPMG is in a negotiation for sell company. In a few days we will know the name of the buyer.
If this does not happen. You can withdraw money.
  • #2,244
  • Jan 20, 2015 2:46am Jan 20, 2015 2:46am
I hope PepperStone will buy Alpari UK. Then I will not pick up from my money. Pepper Stone offers ECN and a leverage of 400.
  • #2,245
  • Edited 3:07am Jan 20, 2015 2:48am | Edited 3:07am
I think you are rushing things submitting your claims now and in 15 days it want make a difference. First if Alpari is sold you will get money without any claims second if not, administrators first have to establish the whole Alpari financial aspects and the every client money state and that would take at least 15 days if everything is fine then when they establish client money state they have to correspond to every client to verify that those what is establish is on the client side the same or by that time you will make claim and they will have that state.

One more thing administrators have to make information of the progress available which is regulated by the law how often they have to that.

You can look on other examples of firms default how the situation is handled by other administrators they can be find so you can understand the process more easily.
  • #2,246
  • Jan 20, 2015 2:53am Jan 20, 2015 2:53am
Quoting leokatz
{quote} Market Maker. And the lever? 1:50 at Oanda, I have no interest in betting against the broker. I want to act in the market and not to a broker who can see my stops. Market makers manipulate prices. There are never the actual market prices, I think.
neither of them are MM. If you have any evidence to the contrary please present it.
  • #2,247
  • Jan 20, 2015 2:54am Jan 20, 2015 2:54am
Quoting grin
{quote} Stop loss is tool of limited utility. Its limitations are broadly known, but in most circumstances it is more than enough. If you seek more comprehensive protection, use other tools in addition to stop loss orders.
Wow. What addition tools you use for a 3000 pips gap?
You use a negative balance tool
  • #2,248
  • Jan 20, 2015 2:56am Jan 20, 2015 2:56am
Quoting Tim_isoara
{quote} Your so naiv. Oanda was 1 hour with no any quote. Why Oanda client have negative balance? Why Oanda after margin call not close the trade? I am client of Oanda. And I not have a open trade at that moment, but.... If you have a position long on 15.01 on eurchf leverage >4 on any broker to the world your account balance now is zero or minus. That is the truth about all brokers. The Regulators must do something about that problem for future. SL must be guaranteed or to have allowed a maximum slippage for SL And guaranted that account cant go...
lol what are you talking about? what have i said that was so naive? Oanda and Dukascopy were hit the same as other brokers? when did i say the contrary? what im pointing out is how they are dealing with the aftermath i.e. neutralizing negative balances due to the swissy disaster on client accounts and continuing on business to allow their traders to trade.
  • #2,249
  • Jan 20, 2015 3:00am Jan 20, 2015 3:00am
Quoting grin
{quote} Options or account with broker offering negative balance protection.
Wow you risk a trade with SL at 2% and your happy with zero balance. That your tool? Zero Balace good tool
  • #2,250
  • Jan 20, 2015 3:05am Jan 20, 2015 3:05am
Hello Guys,
I noticed that i still receive the Daily Analysis Updates on the market.
Do you receive the same?
Does that mean Alpari UK is still functioning and could continue their operations in the near future with different owner?
Anyone has any more information?
  • #2,251
  • Edited 3:35am Jan 20, 2015 3:14am | Edited 3:35am
Quoting grin
{quote} Better than going into negative, is not it? Are you expecting perfection?
Better is:
I have SL Broker must have a maximium 25 pips for that level.
Broker have an average 1 pips spred on news he can do maximum 10 time that spread, 10 pips. Not 3000pips spread.
And no negativ balance
Reglemetators must do something.
  • #2,252
  • Jan 20, 2015 3:31am Jan 20, 2015 3:31am
Quoting Tim_isoara
{quote} Wow you risk a trade with SL at 2% and your happy with zero balance. That your tool? Zero Balace good tool
Only deposit what is required for margin in the broker's account. Keep rest of your account somewhere else safe.
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #2,253
  • Jan 20, 2015 3:33am Jan 20, 2015 3:33am
According to their UK website they've applied for insolvency on Monday.

http://www.alpari.com/company-news/p...-announcement/
  • #2,254
  • Jan 20, 2015 3:36am Jan 20, 2015 3:36am
Quoting Tim_isoara
{quote} Better is: I have SL Broker must have a maximium 25 pips for that level. Broker have an average 1 pips spred on news he can do maximum 10 time that spread, 10 pips. Not 3000pips spread. And no negativ balance Reglemenators must do something.
You are right.If they have no security in place for such an event an allow stop losses to closes 1000 or more pips lower
regulators will have to do something.I spoke to the fscs ,they said will look into negligence but will have to
wait for a few days till the dust settles.FCA requires best execution for clients.
They clearly had poor execution or else the balances would have not run into negative.
  • #2,255
  • Jan 20, 2015 3:43am Jan 20, 2015 3:43am
Quoting shail31
{quote} You are right.If they have no security in place for such an event an allow stop losses to closes 1000 or more pips lower regulators will have to do something.I spoke to the fscs ,they said will look into negligence but will have to wait for a few days till the dust settles.FCA requires best execution for clients. They clearly had poor execution or else the balances would have not run into negative.
Is brokers an liquidity providers. I think in 15.01 liquidity providers was the bad boys.
We have information abot how much loss Brokers but dont have informations about how much win liquidity providers
  • #2,256
  • Jan 20, 2015 3:51am Jan 20, 2015 3:51am
Quoting shail31
{quote} You are right.If they have no security in place for such an event an allow stop losses to closes 1000 or more pips lower regulators will have to do something.I spoke to the fscs ,they said will look into negligence but will have to wait for a few days till the dust settles.FCA requires best execution for clients. They clearly had poor execution or else the balances would have not run into negative.
I don't want to be nasty but you seem to not have clue what you are talking about. Imagine that there was well known 1.2 peg, would you place buy order at eg. 1.0 ? How many buy orders do you think were placed below that price? Were people selling or buying eur/chf after peg removal? Look at the 1 minute chart and you'll see a gap. SL on not MM account will always trigger at first available price next to gap, just this time this gap was unbelievably huge.
  • #2,257
  • Jan 20, 2015 3:57am Jan 20, 2015 3:57am
Quoting grin
{quote} Indeed! How is it that we still do not have guaranteed stop loss in any market yet? What have all these governments been doing for decades? May I also ask for 5K allowance in not profitable months?
You are a Broker or a Liquidity Providers, not a trader.
  • #2,258
  • Jan 20, 2015 4:16am Jan 20, 2015 4:16am
anyone heard anything yet from kpmg?thanks
  • #2,259
  • Jan 20, 2015 4:19am Jan 20, 2015 4:19am
well my broker just told me that kpmg are working to find a solution for the client of alpari cause they are assets
  • #2,260
  • Jan 20, 2015 4:25am Jan 20, 2015 4:25am
Interesting,,, the broker landscape looks really like a shopping mall where the big guys push their shopping cart through looking at special offers or products close to the expiration date.

GKFX is advertising this on their webpage:

"GKFX Looks to Expand
In light of recent events, following the actions of the Swiss National Bank, GKFX Financial Services Ltd is exploring the possibility of acquiring several brokers who have unfortunately suffered financially. GKFX is planning on capitalising on its strong balance sheet, global reach, and extensive product offering. GKFX’s growth continues to outperform the industry, quadrupling in size over the last 2 years and increasing volumes by tenfold. They have invested in excess of $25M in IT and operational capabilities over the last year and GKFX is in a very strong position to expand its business yet further."
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