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Alpari.co.uk Discussion

  • #2,821
  • Jan 23, 2015 5:28am Jan 23, 2015 5:28am
Quoting magicpips
I would not work with Oanda as my trading strategy dont work with 50:1 leverage
Do you think they would impose their leverages?
  • #2,822
  • Jan 23, 2015 5:28am Jan 23, 2015 5:28am
Quoting magicpips
I would not work with Oanda as my trading strategy dont work with 50:1 leverage
I also love the high leverage but I think soon all brokers will be forced by regulators to reduce to at least 100:1 maximum.
Never Ever Give Up!
  • #2,823
  • Jan 23, 2015 5:31am Jan 23, 2015 5:31am
Quoting FxTyran
{quote} Do you think they would impose their leverages?
sure man, the buyer will apply the regulation of the mother company that suites their yearly target while less risk to survive all crisis
  • #2,824
  • Jan 23, 2015 5:31am Jan 23, 2015 5:31am
Quoting nAVIN2007
{quote} I think this is bad advise..he is in a situation where forex will actually push him over the edge..my advice get your money and learn forex trading edge which will give u an option to make money statically, test it and make sure it works, then trade..u will see light nobody make anything because of luck..u have to earn it!!!
Unfortunately, most retail traders treat trading like a game in a casino........

Quoting leokatz
{quote} that sounds not good. One must never risk the whole money. only a portion, up to 20%. The rest must remain in the bank account.
Most retail forex traders are undercapitalized for this but it's a must for any serious trader with significant amount of money at stake.

Quoting whtangpi
{quote} You are right, now my strategy is changed. Rather then using % return, I now consider playing with fixed return and withdraw money every month. Also, I will use at least 3 brokers now. ( Hope I can get my deposits asap.)
Way to go!
  • #2,825
  • Jan 23, 2015 5:36am Jan 23, 2015 5:36am
Quoting Cobra
{quote} I also love the high leverage but I think soon all brokers will be forced by regulators to reduce to at least 100:1 maximum.
Probably regulators will force to lower the leverage but that will cause big problems for forex comapnies as they need to attract smaller clients otherwise they cant survive.These brokers will definitely find the way regarding the leverage issue.Once the things settle...
  • #2,826
  • Jan 23, 2015 5:38am Jan 23, 2015 5:38am
Quoting magicpips
{quote} Probably regulators will force to lower the leverage but that will cause big problems for forex comapnies as they need to attract smaller clients otherwise they cant survive.These brokers will definitely find the way regarding the leverage issue.Once the things settle...
The only way for the brokers out from this new regulation is a good old offshore. At least for the bucket shops.
  • #2,827
  • Jan 23, 2015 5:49am Jan 23, 2015 5:49am
Quoting r41225
{quote} Unfortunately, most retail traders treat trading like a game in a casino........ {quote} Most retail forex traders are undercapitalized for this but it's a must for any serious trader with significant amount of money at stake. {quote} Way to go!
then trading is not suitable with its high risks for these people.
  • #2,828
  • Jan 23, 2015 6:40am Jan 23, 2015 6:40am
Reuters reporting that Oanda is coming in as well:

http://uk.reuters.com/article/2015/0...0KW16K20150123


anybody know more?
  • #2,829
  • Jan 23, 2015 6:45am Jan 23, 2015 6:45am
Quoting madsuh
Reuters reporting that Oanda is coming in as well: http://uk.reuters.com/article/2015/0...0KW16K20150123 anybody know more?
is essentially an offer from Oanda. In addition, it is assumed that only the customer file Oanda wants. The rest of Alpari not interested. It also shows what is really valuable. The shows, which deserves a broker money.
  • #2,830
  • Jan 23, 2015 6:46am Jan 23, 2015 6:46am
Oanda made a great play the other day about how they were a responsible broker and were letting clients off with negative balances caused by the " Swiss effect" of last week.

I wonder if they do eventually take over Alpari whether they will extend the same to clients with negative balances here ?

Latest news is that a decision will be made regarding a possible Alpari sale by the end of next week.


http://www.forexlive.com/blog/2015/0...buy-alpari-uk/

According to Forex Magnates (and Yohay at forexcrunch.com) who cite persons with knowledge of the deal.
So far that makes Iron FX and Oanda as the two front runners.
The likely scenario is that these firms just want the client books of Alpari rather than taking up the business lock stock. We’ll have to see what deal is struck but if any potential buyers deems the sums worthwhile it could mean that they let off any negative balances to keep hold of those customers. That’s just pure speculation on my part though. The administrators will be looking to either re-coop the losses or sell them off.
  • #2,831
  • Jan 23, 2015 6:59am Jan 23, 2015 6:59am
Who regulates oando, and do they allow hedging for non us clients.
  • #2,832
  • Jan 23, 2015 7:03am Jan 23, 2015 7:03am
Quoting verv
Who regulates oando, and do they allow hedging for non us clients.
Oanda has various regulations. Headquartered in Canada. So regulations ind half a dozen states. Read it according to the website of Oanda. But leverage is only 10% of what had Alpari. Therefore uninteresting to me.
  • #2,833
  • Jan 23, 2015 7:23am Jan 23, 2015 7:23am
There is a translated document just put up on KPMG website

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

Yet another different letter!!
  • #2,834
  • Jan 23, 2015 7:33am Jan 23, 2015 7:33am
Quoting ewinner
There is a translated document just put up on KPMG website https://www.insolvency-kpmg.co.uk/ca...F119D1101.html Yet another different letter!!
I just see a translation but nothing new really.
  • #2,835
  • Jan 23, 2015 8:01am Jan 23, 2015 8:01am
just called KPMG office , this is becoming my regular job now calling their offices..))) they said there are number of interest regarding the takeover of Alpari business and they're in discussion and hoping to sell the business in the near future.
Regarding our claims , we should be receiving a notification letter from KPMG and that should be happening very soon they said.
  • #2,836
  • Jan 23, 2015 8:04am Jan 23, 2015 8:04am
Quoting magicpips
just called KPMG office , this is becoming my regular job now calling their offices..))) they said there are number of interest regarding the takeover of Alpari business and they're in discussion and hoping to sell the business in the near future. Regarding our claims , we should be receiving a notification letter from KPMG and that should be happening very soon they said.
Thanks for the update...
  • #2,837
  • Jan 23, 2015 8:39am Jan 23, 2015 8:39am
Oanda are a good broker.
The only negatives are the leverage limits and the inability to hedge.
I spoke with their support the other day though and they said that they are "testing" hedging on their systems, and considering introducing it.
They are reliable and have great support.
  • #2,838
  • Jan 23, 2015 8:41am Jan 23, 2015 8:41am
Little tip on the edge for people who do not have money to capitalize to another account: Plus 500 are 25 € for credit. I'm not sure, but Trading 212 also. This can be immediately traded.
  • #2,839
  • Jan 23, 2015 8:47am Jan 23, 2015 8:47am
Quoting FarceAdentus
Oanda are a good broker. The only negatives are the leverage limits and the inability to hedge. I spoke with their support the other day though and they said that they are "testing" hedging on their systems, and considering introducing it. They are reliable and have great support.
I don't understand why people get worked up over the leverages. Honestly, if you have been using Alpari's full margin, that's seriously playing with fire. Nobody should ever be allowed to work with more than 1:50. JMHO
  • #2,840
  • Jan 23, 2015 8:49am Jan 23, 2015 8:49am
UPDATEEE

They started replying our emailss...Dear Sir/Madam




Thank you for your email.

We have forwarded your enquiry to the Special Administrators who will respond in due course.
Please monitor the Special Administrators website for further information and regular updates - www.kpmg.com/uk/alpari
For any further queries, please email [email protected] or call the dedicated Hotline: +44 (0) 333 202 1397.

Alpari UK Limited (in Special Administration)


From: [email protected] [mailto:[email protected]]
Sent: 16 January 2015 11:08
To: Alpari (UAE) Client Services
Subject: From contact us

From contact us

First name:
khalil
Last name:
mroue
Email:
******@gmail.com
Telephone:
+39********
Country:
LEBANON
Subject:
Technical & Trading Support
Account number:
800****
Message:
WHY im not able to enter any trade?????
its saying TRADE DISABLED!
i cannot buy or sell!
requesting some clarifications ASAP
Would you like to receive a call back from us?:
True
EmailTo:
[email protected]
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