Alpari.co.uk Discussion | Page 136 | 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

  • #2,701
  • Jan 22, 2015 9:12am Jan 22, 2015 9:12am
Quoting jizzyjay
{quote} Why so negative? I feel that the company will be sold and as a goodwill gesture from the new owners and to alleviate any fears we will get all we are owed and a nice little bonus. The one thing we are forgetting is that KMPG have been assigned by the FCA. That means that Alpari UK cannot be sold to a company that will adversely affect us financially now and in the long run. Thats why im happy to sit back and see what offer they will produce. Any buyer will have to be vetted by KPMG to ensure that they comply with all regulation and can afford...
I do not think anybody besides debt collectors are rally interested in traders with negative equity.
Speculation is that there might be a buyer for positive Alpari assets and maybe some are interested in negative, like I mentioned a debt collector agency for instance.

I think for someone it is an opportunity to make some money by chasing negative balance account owners. Everyone signed a form that they will pay back balance if it goes negative, as far as I am aware!!!
  • #2,702
  • Jan 22, 2015 9:13am Jan 22, 2015 9:13am
Quoting jizzyjay
{quote} Why so negative? I feel that the company will be sold and as a goodwill gesture from the new owners and to alleviate any fears we will get all we are owed and a nice little bonus. The one thing we are forgetting is that KMPG have been assigned by the FCA. That means that Alpari UK cannot be sold to a company that will adversely affect us financially now and in the long run. Thats why im happy to sit back and see what offer they will produce. Any buyer will have to be vetted by KPMG to ensure that they comply with all regulation and can afford...
Yes but the question is whether we want to stick with the new owner. And if not then what will be their action.
  • #2,703
  • Jan 22, 2015 9:15am Jan 22, 2015 9:15am
Quoting wantsomepips
{quote} I do not think anybody besides debt collectors are rally interested in traders with negative equity. Speculation is that there might be a buyer for positive Alpari assets and maybe some are interested in negative, like I mentioned a debt collector agency for instance. I think for someone it is an opportunity to make some money by chasing negative balance account owners. Everyone signed a form that they will pay back balance if it goes negative, as far as I am aware!!!
I agree.
I was talking about positive account holders like myself.
Negative account holders will be chased for money owed without doubt as the debt is still an asset for the administrators which they can sell on to recoup money for the creditors.
  • #2,704
  • Jan 22, 2015 9:17am Jan 22, 2015 9:17am
Quoting TraderRaven7
{quote} Yes but the question is whether we want to stick with the new owner. And if not then what will be their action.
Time will tell.
A sale would be better for all positive account holders.
I dont think it will matter what happens in regard to negative account holders.
  • #2,705
  • Jan 22, 2015 9:19am Jan 22, 2015 9:19am
I would only buy positive assets from Alpari UK with a condition, that I would pay X amount for clients that have stayed for at least half a year with me, maybe some minimal sum upfront, but basically after 6 months the rest if there is anything to pay.

That would make sense to me and maybe that kind of deals are offered to Alpari, but they do not want to take it as they need money right now, hence slow sale.

But that is just my opinion and speculation.
  • #2,706
  • Jan 22, 2015 9:27am Jan 22, 2015 9:27am
Quoting jizzyjay
{quote} Time will tell. A sale would be better for all positive account holders. I dont think it will matter what happens in regard to negative account holders.
I wonder what negative balances people owe?? ..
  • #2,707
  • Jan 22, 2015 9:28am Jan 22, 2015 9:28am
Any forex company wishing to expand their empire globally has the perfect opportunity to do so by acquiring Alpari UK.
Alpari UK has subsidiary's all over the world.
Think of all the hassle of regulations and setup costs, lawyers fees they would save.
Its a no brainer that Alpari UK will be bought at some point.
  • #2,708
  • Jan 22, 2015 9:28am Jan 22, 2015 9:28am
I am sure FXCM will use the crisis to grow and they will buy Alpari
  • #2,709
  • Edited 10:04am Jan 22, 2015 9:31am | Edited 10:04am
Quoting nAVIN2007
{quote} I wonder what negative balances people owe?? ..
I haven't heard any Alpari negative balance account holders disclose any amounts yet.
Would be interesting.
Im sure there are some huge negative accounts in there somewhere though.
  • #2,710
  • Jan 22, 2015 9:32am Jan 22, 2015 9:32am
If a company is to be sold, the seller must disclose to the books. And there are 100,000 customers in this company. All assets and all debts must be referred to the potential buyer. A buyer will then check everything and expect. The everything needed quite a lot of time. Or would anyone buy a car blind if the seller says the car has four wheels and a motor? There is more to it. So you tolerated. Maybe in a few days, maybe even until sometime in February. The assets of Alpari is not the money. The firm's capital are the 100,000 customers! And these customers can not get lost. For it is only paid once no money to customers.
  • #2,711
  • Jan 22, 2015 9:33am Jan 22, 2015 9:33am
Quoting nAVIN2007
{quote} I wonder what negative balances people owe?? ..
oh I can give you an answer.

anywhere from £1 to couple of million £
  • #2,712
  • Jan 22, 2015 9:36am Jan 22, 2015 9:36am
Sorry I just have to repeat this:

Any FX Broker reading this

If you want to have business from Alpari UK ex-clients, offer a promotion to give a credit that is equal to an available balance on last Alpari UK statement (or statement on 14/01 with note that last statement has to be positive, well you get the idea, how you filter clients who will get money back and who will not is up to you).


In return to sign a paper saying when that balance will be paid back to us we will pay it to you.

I will go for such an offer in a heartbeat!!!
  • #2,713
  • Jan 22, 2015 9:36am Jan 22, 2015 9:36am
Quoting jizzyjay
{quote} Im haven't heard any Alpari negative balance account holders disclose any amounts yet. Would be interesting. Im sure there are some huge negative accounts in there somewhere though.
Alpari said the majority of customers lost so much money that these customers have produced a negative balance. Majority means more than half. No one will come out and say that he has produced ten thousand GBP negative balance.
  • #2,714
  • Jan 22, 2015 9:36am Jan 22, 2015 9:36am
Quoting leokatz
If a company is to be sold, the seller must disclose to the books. And there are 100,000 customers in this company. All assets and all debts must be referred to the potential buyer. A buyer will then check everything and expect. The everything needed quite a lot of time. Or would anyone buy a car blind if the seller says the car has four wheels and a motor? There is more to it. So you tolerated. Maybe in a few days, maybe even until sometime in February. The assets of Alpari is not the money. The firm's capital are the 100,000 customers! And these...
I dont think the customers are the biggest assets.
Its the subsidiary's of Alpari UK that are the biggest assets.
The costs to set up a brokers in other countrys will by far outweight the 100 million held in segregated accounts for the clients.
Maybe we are overstating our importance in the equation?
  • #2,715
  • Jan 22, 2015 9:40am Jan 22, 2015 9:40am
Quoting wantsomepips
{quote} oh I can give you an answer. anywhere from £1 to couple of million £
Couple of million £ atleast, that is what started this whole shit storm.
  • #2,716
  • Jan 22, 2015 9:40am Jan 22, 2015 9:40am
Quoting jizzyjay
{quote} I dont think the customers are the biggest assets. Its the subsidiary's of Alpari UK that are the biggest assets. The costs to set up a brokers in other countrys will by far outweight the 100 million held in segregated accounts for the clients. Maybe we are overstating our importance in the equation?
with which earns a broker money? With a bare company? Or with customers? So what is the capital of a broker?
  • #2,717
  • Jan 22, 2015 9:43am Jan 22, 2015 9:43am
Quoting leokatz
{quote} with which earns a broker money? With a bare company? Or with customers? So what is the capital of a broker?
The operating capital is irrelevant.
The company that buys Alpari will already have that, if not, KPMG will not sell the business to them.
The assets are what will make the company attractive to a buyer.
  • #2,718
  • Jan 22, 2015 9:47am Jan 22, 2015 9:47am
Quoting jizzyjay
{quote} I dont think the customers are the biggest assets. Its the subsidiary's of Alpari UK that are the biggest assets. The costs to set up a brokers in other countrys will by far outweight the 100 million held in segregated accounts for the clients. Maybe we are overstating our importance in the equation?
Our importance as clients is diminishing every second as more and more people are getting ready to get their money and find a different broker.
So 100000 is not 100000 anymore
  • #2,719
  • Jan 22, 2015 9:51am Jan 22, 2015 9:51am
new news on the site KPMG

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html

https://www.insolvency-kpmg.co.uk/Vi...8-e65275f37b7c
  • #2,720
  • Jan 22, 2015 9:51am Jan 22, 2015 9:51am
Quoting TraderRaven7
{quote} Our importance as clients is diminishing every second as more and more people are getting ready to get their money and find a different broker. So 100000 is not 100000 anymore
Exactly.
If it was important there would be no potential buyers right now.
1 trader viewing now