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Alpari.co.uk Discussion

  • #2,761
  • Jan 22, 2015 3:22pm Jan 22, 2015 3:22pm
Quoting HotelAlpha1
guys please help . first excuse my english . i need to know what kind of informations they need from me to claim my money . because i only have the last daily confirmation that they sent last thursday . do they need any other info.??
They should be contacting everybody in due course, so don't worry... keep an eye on the KPMG website for further instructions

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
  • #2,762
  • Jan 22, 2015 3:23pm Jan 22, 2015 3:23pm
I read that IronFX is going to make a bid on Alpari, I suppose that there will be more bidders, KPMG can hold client deposits until he finds a new buyer, because company will be worth much more if it will have clients with deposits.
  • #2,763
  • Jan 22, 2015 4:06pm Jan 22, 2015 4:06pm
Fellow traders I have taken this time to go broker shopping and looked into several brokers, ironfx gkfx fxpro pepperstone. If any of you have any good or bad comments I would appreciate it. I plan to open two accounts as soon as I get my money back from alpari, but it is hard to trust this guys I talk to over the phone, they sound like the guy I talked to at Alpari the first time... cheers!!
  • #2,764
  • Jan 22, 2015 4:26pm Jan 22, 2015 4:26pm
Quoting default
Fellow traders I have taken this time to go broker shopping and looked into several brokers, ironfx gkfx fxpro pepperstone. If any of you have any good or bad comments I would appreciate it. I plan to open two accounts as soon as I get my money back from alpari, but it is hard to trust this guys I talk to over the phone, they sound like the guy I talked to at Alpari the first time... cheers!!
Well, I read the conditions for trade. Then I decide if the broker is right for me. I have since opened several accounts with different brokers. But I can also define exactly what I need to trade. I had about 20 brokers found that would have been suitable for me. And no exotics. That the types on the phone are only seller is aware of. Therefore, I call never any to a broker.
  • #2,765
  • Jan 22, 2015 4:39pm Jan 22, 2015 4:39pm
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
Guys as we wait for our money from alpari, I think we can share some trading strategies here. At least it will be profitable once we start trading (' ',)
Experiments All Time Return: -32.8%
  • #2,766
  • Jan 22, 2015 4:56pm Jan 22, 2015 4:56pm
Quoting chisi
Guys as we wait for our money from alpari, I think we can share some trading strategies here. At least it will be profitable once we start trading (' ',)
OK some trading rules:

  1. buy low sell high
  2. use as little leverage as possible (leverage 50:1 and up are not for serious traders) with smaller account 20:1 is acceptable, with larger 10:1
  3. let your profits run and cut your losses short
  4. There is no holy grail, equation or formula that works in a long run (how you can make up a formula to a human reaction to news, large fund/bank profit taking or position adjusting, someone's currency manipulation, panic etc)
  5. keep up with news
  6. Find your own trading style, way, system call it how you want it

Do not really listen to other people's opinions and trading ways.

  • #2,767
  • Jan 22, 2015 5:09pm Jan 22, 2015 5:09pm
Quoting default
Fellow traders I have taken this time to go broker shopping and looked into several brokers, ironfx gkfx fxpro pepperstone. If any of you have any good or bad comments I would appreciate it. I plan to open two accounts as soon as I get my money back from alpari, but it is hard to trust this guys I talk to over the phone, they sound like the guy I talked to at Alpari the first time... cheers!!
You could look at Global Prime which is A-book,ECN with complete transparency - ask for Jeremy. Forum thread at Donna Forex and forex forum at Steve Hopwood and of course at ForexPeaceArmy - highly rated..
btw, I'm not associated with them. Only have MT4 demo - when get Alpari money back plan to go live ASAP...
  • #2,768
  • Jan 22, 2015 5:37pm Jan 22, 2015 5:37pm
Quoting wantsomepips
{quote} OK some trading rules: buy low sell high use as little leverage as possible (leverage 50:1 and up are not for serious traders) with smaller account 20:1 is acceptable, with larger 10:1 let your profits run and cut your losses short There is no holy grail, equation or formula that works in a long run (how you can make up a formula to a human reaction to news, large fund/bank profit taking or position adjusting, someone's currency manipulation, panic etc) keep up with news Find your own trading style, way, system call it how you want it Do...
I do Good I feel GoodI do Bad I feel Bad
  • #2,769
  • Jan 22, 2015 6:07pm Jan 22, 2015 6:07pm
Quoting fbj
{quote} You could look at Global Prime which is A-book,ECN with complete transparency - ask for Jeremy. Forum thread at Donna Forex and forex forum at Steve Hopwood and of course at ForexPeaceArmy - highly rated.. btw, I'm not associated with them. Only have MT4 demo - when get Alpari money back plan to go live ASAP...

excellent demoing them now and there are in my part of the planet which don't mean much these days but at least if the take my cash I can swim across and sort them out

Thanks fro the heads up :nerd:
I do Good I feel GoodI do Bad I feel Bad
  • #2,770
  • Jan 22, 2015 7:51pm Jan 22, 2015 7:51pm
Quoting LarryDarrell
{quote} Please don't do this. You don't have a clue and yet you try to guide people. You don't want to be a creditor, because in case of insolvency you will only get a part of what you are owed, after employees are paid for example. All this hyperactive fuzz doesn't help. Everybody needs patience, every client will certainly be adressed by the administrators in due time. This at the moment is no priority whatsoever, because the money is in segregated accounts. And I am sure that every client in the end will be treated the same. It's painful to have...
I was informed to do it by email from the administrators as a "CLIENT", not to mention this is also what they posted online at their website for "CLIENTS"!
here is an email received 2 days after completing the form!
Dear Sir/Madam
Alpari (UK) Limited (in special administration) (the "Company")
Thank you for your email in which you provided your proof of debt form. Further information will be provided in due course regarding the process for the agreement of claims. Please continue to monitor the website (address below) for further updates in this regard.
We confirm that Richard Heis, Samantha Bewick and Mark Firmin were appointed as Joint Special Administrators to the Company (the "Joint Special Administrators") on Monday, 19 January 2015.
The Joint Special Administrators are currently receiving extremely high volumes of queries from creditors and clients. The Joint Special Administrators will endeavour to answer your queries as soon as possible, however due to the volume and similarity of queries being received, this will be performed through updates on their website.
www.kpmg.com/uk/alpari
The website will continue to be updated as further information becomes available.
The Joint Special Administrators are working closely with the Company staff to confirm all client positions. The Company is unable to action requests for withdrawals at present (including requests made prior to the appointment of the Joint Special Administrators but remaining outstanding) from any client accounts, as these accounts are now subject to the special administration process.
In relation to client monies held by the Company, the Joint Special Administrators are working to reconcile holdings and accounts in order to enable client monies to be released as soon as practicable, which is one of the Joint Special Administrators' formal objectives under the Investment Bank Special Administration Regulations 2011. Clients will receive formal correspondence shortly setting out the process for making a claim in order to receive a distribution for amounts owed. As part of the process of agreeing client money entitlements we shall shortly notify a “last date for proving”, although would seek to make interim payments to holders of agreed claims before this date insofar as this is possible.
To the extent that it is not possible to reclaim money, it may be possible to make a claim under the Financial Services Compensation Scheme (‘FSCS’). FSCS is a compensation fund of last resort for customers of authorised financial services firms who become insolvent (such as the Company). For eligible investment claims where the consumer suffers a loss, FSCS can pay up to £50,000 in compensation per person, per authorised firm. If claims are paid by FSCS, it will then assume those client positions against the Company. The Joint Special Administrators are working with the FSCS to agree a process that will enable clients to establish a claim for loss. FSCS will publish an update on its website detailing the process for settling potential claims in due course.
The Joint Special Administrators' proposals, providing an update on the progress of the Special Administration and the strategy going forward, will be sent to creditors and clients of the Company within the next 8 weeks.

Please monitor the Joint Special Administrators’ website for further updates which will be provided as information becomes available.

Yours faithfully
for Alpari (UK) Limited

Scott Rubin
  • #2,771
  • Jan 22, 2015 8:21pm Jan 22, 2015 8:21pm
Quoting IbkA
{quote} Hi Buddy! Long time since I last posted on FF! I agree with you, I don't understand why such a big company like Alpari should go down whilst others haven't fared so badly. Calls weren't being connected to their phone numbers during the Swissy drop as I repeatedly tried to ring them to close a trade that was in profit out, which just wouldn't close. I had to put an SL in and lost over £1k as my SL wasn't honored either! The problem we retailers have is that all clients' funds will be pooled, and then distributed after KPMG has been paid their...

If clients trading from abroad don't have the protection from FSCS, why the X would they choose Alpari a regulated broker. Really worry now since I am not a local UK resident.....
  • #2,772
  • Jan 22, 2015 8:58pm Jan 22, 2015 8:58pm
Filling out the Form supplied by the administrators, doesn't make you a CREDITOR!
It will however help if our claims need to be made to the FSCS to retrieve our money and we become unsecured creditors. (proof of correspondence with the special administrators and a reply given)

as you can see from the reply I received.. they are doing everything they can to sort this out.
They stop short of saying our funds are safe (guaranteed).

I actually have funds stuck there and will do everything to make retrieving them faster and easier.
I will also post how I have been doing it, so if other people wish to do the same thing, they can.

LarryDarrell - you can have your opinions but don't tell me how to manage retrieving my hard earned cash. sit there and do nothing... and we'll see how you do! (if you even have any funds in Alpari)
  • #2,773
  • Jan 22, 2015 10:35pm Jan 22, 2015 10:35pm
would it be good idea if some one with good english write online petition, we are 100000 clients , we can ask our friend to sign it as well. it will be big news. its our money, if other broker can return clients money in one day then why we have no access to our money. they want to lock us and sell firm, thats not right. we should have choice to be part of this process or not. we should be able to keep our money with alpari and wait for some one to buy us, or take our moeny and go some where else. it should be our choice. at the moment we are being forced to leave our moeny with alpari in order to keep it valuable for buyer. we are not investor in alpari so there is no reason to lock our money untill sale decesion of alpari is taken . if some one agrees then write petition online, and we sign it.
  • #2,774
  • Jan 22, 2015 10:46pm Jan 22, 2015 10:46pm
personally every day i feel committing suicide. i have no other job. no other savings.
  • #2,775
  • Jan 22, 2015 10:47pm Jan 22, 2015 10:47pm
and i have no one to tell my situation. as every one here in my family had opposed idea of investing in forex.
  • #2,776
  • Jan 22, 2015 11:20pm Jan 22, 2015 11:20pm
Quoting panhwar
personally every day i feel committing suicide. i have no other job. no other savings.
I know how you feel, I feel like I am in withdrawal every time I see the market.
Yesterdays move was so painful to watch, massive trading opportunity missed.
I had a trade open from 1.16.
Hold on hopefully we will be out of this mess with our money and life lesson.
  • #2,777
  • Jan 22, 2015 11:24pm Jan 22, 2015 11:24pm
Pahwar, don't give up
Save some money and forex trade again
  • #2,778
  • Jan 22, 2015 11:47pm Jan 22, 2015 11:47pm
Quoting panhwar
personally every day i feel committing suicide. i have no other job. no other savings.
Hang in there. Do not let this ruin your life!

The sun will shine soon.

G
Never Ever Give Up!
  • #2,779
  • Jan 23, 2015 12:07am Jan 23, 2015 12:07am
Quoting panhwar
and i have no one to tell my situation. as every one here in my family had opposed idea of investing in forex.
same here, if we cannot get back our deposits, I have no idea how much times and effort I must use to earn those money back. No family or friends could understand this. All asking me to be realistic and no one believe investing in forex can be a business to earn a living.
  • #2,780
  • Jan 23, 2015 12:31am Jan 23, 2015 12:31am
Quoting whtangpi
{quote} same here, if we cannot get back our deposits, I have no idea how much times and effort I must use to earn those money back. No family or friends could understand this. All asking me to be realistic and no one believe investing in forex can be a business to earn a living.
i believe you man, i make a leaving from my trading account and all my money are stuck now
1 more week and the end of january is coming , bills are coming no idea what ato do
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