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  • #2,661
  • Jan 22, 2015 6:51am Jan 22, 2015 6:51am
Quoting nAVIN2007
{quote} http://www.forexfactory.com/news.php?do=news&id=523047 seems there are people looking to buy
They need to buy quick.

The value of the business is declining every second.....tick, tock, tick, tock.......
Never Ever Give Up!
  • #2,662
  • Jan 22, 2015 6:53am Jan 22, 2015 6:53am
Quoting nikleon
{quote} unrealistic scenario , and if i teade and win , i will not be able to withdraw even?
You will obviously be able to withdraw your profits!......
Never Ever Give Up!
  • #2,663
  • Jan 22, 2015 6:55am Jan 22, 2015 6:55am
I agree with you,FCA has no rules in place to push up the speed in distributing client funds, and it can take as long as the JSA want for whatever reasons, we all know these BIG Fours and their peers but sometimes their practice are just far from giving you peace of mind, check out why Ernst Young,the auditor of Worldspread, are sued, and you might also want to ask how could FCA let this happened? people need to be aware that you are pretty much on your own in this case, hopes & beliefs won't help you. your money is safe, but you are missing the uttermost valuable things time & opportunities.


Quoting ibuk
I know some are advocating the 'administrators are on it let them do their job' etc.... Bottom line is they are really not on it, they do not care about anyone who has funds in the segregated accounts, except it's a plus for them to try and sell that positive portion of the company. If you take a look at the Worldspreads processing they were involved in, it took them from mid March to the end of June to send out FSCS claim forms to the clients and distribution of those claims by FSCS were still going on in February the following year. The clear...
  • #2,664
  • Jan 22, 2015 7:00am Jan 22, 2015 7:00am
Quoting Cobra
{quote} They need to buy quick. The value of the business is declining every second.....tick, tock, tick, tock.......

it s declining like the CHF while removing the cap
  • #2,665
  • Jan 22, 2015 7:03am Jan 22, 2015 7:03am
Lets face it. NOBODY will just buy the business if the clients can withdraw their balances the very next day.
What will the company be buying if the clients are allowed to just leave the following day. Will you buy the business without any conditions?? I don't think so. I wont!
Never Ever Give Up!
  • #2,666
  • Jan 22, 2015 7:04am Jan 22, 2015 7:04am
No no offence but that "no withdrawl within 6 months" thing is just outrageous n sounds like children's deal . It'll make headlines on both finance and daily laughs sections. Just kidding mate@-@

Quoting Cobra
The following scenario could play itself out soon: OPTION 1. KPMG will approach all Alpari clients with a positive balance and with the following offer: The new buyer will take all clients with a positive account balance immediately ( accounts could be traded within 24 hours of date of the offer). One condition: Clients CANNOT withdraw their funds from the new broker before 6 months ( Or any other date the new owner makes the deal with KPMG/Alpari) Clients with a negative account balance to be administrated by KPMG. OPTION 2. Those who do not agree...
  • #2,667
  • Jan 22, 2015 7:11am Jan 22, 2015 7:11am
Quoting Jack.e
No no offence but that "no withdrawl within 6 months" thing is just outrageous n sounds like children's deal . It'll make headlines on both finance and daily laughs sections. Just kidding mate@-@ {quote}
all speculation. The new owner must inform the customer to make an offer, so interest is present. how long it would last a payoff would be pure speculation. For if a payout of my money outside the usual norms, the new owner harms himself because he ruined his reputation.
  • #2,668
  • Jan 22, 2015 7:18am Jan 22, 2015 7:18am
Quoting ibuk
I know some are advocating the 'administrators are on it let them do their job' etc.... Bottom line is they are really not on it, they do not care about anyone who has funds in the segregated accounts, except it's a plus for them to try and sell that positive portion of the company. If you take a look at the Worldspreads processing they were involved in, it took them from mid March to the end of June to send out FSCS claim forms to the clients and distribution of those claims by FSCS were still going on in February the following year. The clear...
I agree with you. I also didn't think KPMG or FCA need such a long time to return clients' money.

Value A = how much they get after sell the positive clients
Value B = how much they get after return each client no more than 50,000 pounds ( let's assume they do not care about the reputation, etc.)

if Value A > Value B, sell the positive clients
else return each client's money but no more than 50,000 pounds for each

Just a guess...not a positive guess, but may be true...
  • #2,669
  • Jan 22, 2015 7:18am Jan 22, 2015 7:18am
sorry sent twice... network issue
  • #2,670
  • Jan 22, 2015 7:28am Jan 22, 2015 7:28am
Kpmg website updated, 8 weeks just to get any update and after that ...shit
  • #2,671
  • Jan 22, 2015 7:29am Jan 22, 2015 7:29am
updated on the kpmg website.

we should all be wrote to in 8 weeks.
  • #2,672
  • Jan 22, 2015 7:29am Jan 22, 2015 7:29am
Quoting mmx007
{quote} I agree with you. I also didn't think KPMG or FCA need such a long time to return clients' money. Value A = how much they get after sell the positive clients Value B = how much they get after return each client no more than 50,000 pounds ( let's assume they do not care about the reputation, etc.) if Value A > Value B, sell the positive clients else return each client's money but no more than 50,000 pounds for each Just a guess...not a positive guess, but may be true...
impossible. No matter how much a customer has money, he is entitled to his money. The 50000 is interested only in the event of total inability to pay for the regulator. It is not that Alpari has no more money. But there is not enough money to manage the company as before. The law requires that a broker must have more equity than the sum of customer funds. So had to apply for insolvency Alpari because the customer funds were higher than equity. This is logical, right?
  • #2,673
  • Jan 22, 2015 7:32am Jan 22, 2015 7:32am
Quoting Cobra
Lets face it. NOBODY will just buy the business if the clients can withdraw their balances the very next day. What will the company be buying if the clients are allowed to just leave the following day. Will you buy the business without any conditions?? I don't think so. I wont!
If IronFX buys Alpari, their 60% welcome bonus might be the solution. You don't want to withdraw, if got this bonus. It's only valid until end of January, so they should be fast... But unfortunately not applicable to STP/ECN accounts...

https://www.ironfx.com/en/wb-register

I asked a broker at IronFx about buying Alpari, he answered "no official standpoint yet, negotiations are underway..."
  • #2,674
  • Jan 22, 2015 7:39am Jan 22, 2015 7:39am
Quoting ulotoyebtaa
Hello Traders, Does anybody know much about alpari? I want to know how efficient they are. Tolu
Well....what can I say....where do I start?......

Can you be more specific please..... What is it exactly that concerns you about Alpari.......?

Never Ever Give Up!
  • #2,675
  • Jan 22, 2015 7:43am Jan 22, 2015 7:43am
Quoting magicpips
Kpmg website updated, 8 weeks just to get any update and after that ...shit
They just posted a formal official letter about past email nothing special.
myfxbook: neoxis
  • #2,676
  • Jan 22, 2015 7:44am Jan 22, 2015 7:44am
The thing is after i won 10k trading the swissy on jan 15 in the morning..
I had a bigger balance to trade XAU and USD/JPY in the night and win 3700$...
Since then all the trades are closed before the block and the balance total is legally mine.
Why wouldnt it be?
  • #2,677
  • Jan 22, 2015 7:44am Jan 22, 2015 7:44am
I do not mind the "before 6 months" deal because personally I would rather trade and make profit for next 6 months and then withdraw all my money if I so choose. As a trader trading opportunities is my priority and I am missing out on so many of them.
  • #2,678
  • Jan 22, 2015 7:45am Jan 22, 2015 7:45am
Quoting Mroue26
The thing is after i won 10k trading the swissy on jan 15 in the morning.. I had a bigger balance to trade XAU and USD/JPY in the night and win 3700$... Since then all the trades are closed before the block and the balance total is legally mine. Why wouldnt it be?
bro we miss the ECB event we could make thousands of dollars from such event
  • #2,679
  • Jan 22, 2015 7:46am Jan 22, 2015 7:46am
Quoting TraderRaven7
I do not mind the "before 6 months" deal because personally I would rather trade and make profit for next 6 months and then withdraw all my money if I so choose. As a trader trading opportunities is my priority and I am missing out on so many of them.
100% right
  • #2,680
  • Jan 22, 2015 7:54am Jan 22, 2015 7:54am
Quoting Mroue26
The thing is after i won 10k trading the swissy on jan 15 in the morning.. I had a bigger balance to trade XAU and USD/JPY in the night and win 3700$... Since then all the trades are closed before the block and the balance total is legally mine. Why wouldnt it be?
yes, right!
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