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Alpari.co.uk Discussion

  • #2,981
  • Jan 25, 2015 6:12am Jan 25, 2015 6:12am
Quoting Asw
Hi Guyz, My account is also frozen with Alpari(UK), I think they will try to retrieve all the negative balances from people who have assets and can't really get away from the fact that their stop loss was jumped. The people this happened to, would have taken a hugh hit, I had a CHF trade running on a demo account with Alpari(UK) and the account went from 28K to 89K within minutes so the damage to the poor guy's accounts would have been on the same scale. Here is the account: http://www.myfxbook.com/members/thes...-going/1046537...
speaking of Demo accounts also check>
Attached Image (click to enlarge)
Click to Enlarge Name: 10947750_10205921566382946_1195952088_n.jpg Size: 34 KB
  • #2,982
  • Jan 25, 2015 6:13am Jan 25, 2015 6:13am
Quoting Mroue26
knut7 ^^^^ saw it on his mt4 reaches below 0.5
I took a screenshot of it, but I think I only stored it on my Alpari VPS server, which I don't have access to any more. Will have a look around and see if it can be recovered from a Skype conversation or something. As far as I recall MT4 claimed it bottomed out at 0,49 ish.

If that's the prices Alpari were dealing with for the MT4 clients it's no wonder they went down while other (and less solid) companies pulled through. I mean 0,49ish is a very long way from 0,74ish. Could it be possible they were actually taken down by their own software?? [/speculation] (:
  • #2,983
  • Jan 25, 2015 6:15am Jan 25, 2015 6:15am
Quoting knut7
{quote} I took a screenshot of it, but I think I only stored it on my Alpari VPS server, which I don't have access to any more. Will have a look around and see if it can be recovered from a Skype conversation or something. As far as I recall MT4 claimed it bottomed out at 0,49 ish. If that's the prices Alpari were dealing with it's no wonder they went down while other (and less solid) companies pulled through. I mean 0,49ish is a very long way from 0,74ish. Could it be possible they were actually taken down by their own software?? [/speculation]...
Note that during SNB.. Spread opened WIDE 600 pips!
  • #2,984
  • Jan 25, 2015 6:26am Jan 25, 2015 6:26am
Quoting Mroue26
{quote} Note that during SNB.. Spread opened WIDE 600 pips!
Yeah, I noticed. EURUSD went down, meanwhile the balance of my Sell order went increasingly negative for a little while :-o
  • #2,985
  • Jan 25, 2015 6:43am Jan 25, 2015 6:43am
Found it
Attached Image
  • #2,986
  • Jan 25, 2015 6:50am Jan 25, 2015 6:50am
Quoting knut7
Found it {image}
Is this from Alpari?

I have checked a few other data feeds, one bottomed @ 0.74 on USDCHF - it is a market maker model

The other 2 bottomed in the 0.83-0.84 region, both free source data

There could be a couple of reasons for that, first is the most obvious, the price was wrong, the second is that I always felt that Alpari had a really high tick rate.

I got a lot less slippage at alpari than other brokers.
  • #2,987
  • Jan 25, 2015 6:57am Jan 25, 2015 6:57am
Quoting verv
{quote} Is this from Alpari?
(...)
There could be a couple of reasons for that, first is the most obvious, the price was wrong, the second is that I always felt that Alpari had a really high tick rate.
Yeah, alpari account on MT4 running their VPS.

The chart was changed at some time and showed less drop.
  • #2,988
  • Jan 25, 2015 7:14am Jan 25, 2015 7:14am
SO.. they must admit my profits from the trade closed on a real price 0.87xx
  • #2,989
  • Jan 25, 2015 7:31am Jan 25, 2015 7:31am
Alpari UK Clients Will Be Required to Cover Negative Balances
- See more at: http://forexmagnates.com/alpari-uk-c....eaalMcpw.dpuf
  • #2,990
  • Jan 25, 2015 7:42am Jan 25, 2015 7:42am
Quoting Mroue26
Alpari UK Clients Will Be Required to Cover Negative Balances - See more at: http://forexmagnates.com/alpari-uk-c....eaalMcpw.dpuf
that was expected. No insolvency administrator may give away the money of the insolvent company. It's a bitter pill for the people who have produced a negative balance. But who is not aware that trading is highly speculative with leveraged financial products will not speculate. The exchanges are not a one way street.
  • #2,991
  • Jan 25, 2015 7:55am Jan 25, 2015 7:55am
Quoting Mroue26
{quote} bro the thing is all positive and negative trades was realized and closed on 16 jan morning... if they wont pay POSITIVE balances and asks for negative balances to pay then its a robbery in the middle of the day light :@
Does that mean that people with positive balance because long eurchf closed at 1.02 Friday morning could actually be negative balance because kpmg says it would have been closed at 0.84 when the balance was negative???

It is actually my case, but I had the trading desk over the phone Thursday afternoon (when the platform was frozen) and the guy told me I haven't be closed out during the crash.
  • #2,992
  • Jan 25, 2015 7:59am Jan 25, 2015 7:59am
Quoting Mroue26
Alpari UK Clients Will Be Required to Cover Negative Balances - See more at: http://forexmagnates.com/alpari-uk-c....eaalMcpw.dpuf
Quoting the article:

"any trade adjustments will negatively affect customers is yet to be determined. It has already been claimed by numerous retail brokers that execution quality from banks following the SNB’s announcement was poor and resulted in trades filled at prices well below that of EBS. As such, if this was the case with Alpari UK customers, the KPMG Special Administrator may be able to source better executions for traders affected by the franc’s strength. Results of their execution analysis will be made public after the trade review process is finalized. "


This could also mean that stop losses could be filled at much higher levels.
  • #2,993
  • Jan 25, 2015 8:07am Jan 25, 2015 8:07am
Quoting shail31
{quote} Quoting the article: "any trade adjustments will negatively affect customers is yet to be determined. It has already been claimed by numerous retail brokers that execution quality from banks following the SNB’s announcement was poor and resulted in trades filled at prices well below that of EBS. As such, if this was the case with Alpari UK customers, the KPMG Special Administrator may be able to source better executions for traders affected by the franc’s strength. Results of their execution analysis will be made public after the trade review...
Both are possible. Higher and lower. For me it is rather interesting to see if these irregularities relate only to the CHF or other currency pairs are affected, for example EUR / USD, because I traded only this pair on Thursday and Friday.
  • #2,994
  • Jan 25, 2015 8:08am Jan 25, 2015 8:08am
Quoting leokatz
{quote} that was expected. No insolvency administrator may give away the money of the insolvent company. It's a bitter pill for the people who have produced a negative balance. But who is not aware that trading is highly speculative with leveraged financial products will not speculate. The exchanges are not a one way street.
I wonder what they will say to me, I had no take profit, my trade was open ended and I got closed out at 1.02.

In my view any nonsense about filling me at a different price cannot wash, I didn't ask for my trade to be closed in the first place, in fact I might still be in a position had I been given the chance.
  • #2,995
  • Jan 25, 2015 8:17am Jan 25, 2015 8:17am
Quoting verv
{quote} I wonder what they will say to me, I had no take profit, my trade was open ended and I got closed out at 1.02. In my view any nonsense about filling me at a different price cannot wash, I didn't ask for my trade to be closed in the first place, in fact I might still be in a position had I been given the chance.
I want to tell you anything. My comment was referring to the comment, to which I replied. you were not sent on the comment I replied.
  • #2,996
  • Jan 25, 2015 8:28am Jan 25, 2015 8:28am
Quoting Cobra
The segregated account issue is becoming a joke in my opinion. Traders chose to trade where strict regulations are maintained like in the UK with the FCA. I am one of those who based my decision to trade with Alpari on that. Segregate in my books mean that NOT EVEN an administrator can lay his hands on the money. The regulator should be in charge of the money AT ALL TIMES because they are the regulator isn't it? The UK law has now put the administrator in charge of regulated money. There is now effectively two bodies overlooking the procedures with...
I think even though the rule specifies that money in segregated accounts cannot be touched, the difficulty arises in defining what was in the segregated. As an example, if a trader had a £50k account with Alpari and had £5k in open trades (all of which were in profit), would you say he had 50k or 45k in their account?

I am not an expert in the rules but given that technically all the open trades did not complete, the best option for everyone is if everyone is refunded their money using the balance of the account before the trades were placed (regardless of whether they were in the positive or negative).
  • #2,997
  • Jan 25, 2015 8:33am Jan 25, 2015 8:33am
Quoting ziggy25
{quote} I think even though the rule specifies that money in segregated accounts cannot be touched, the difficulty arises in defining what was in the segregated. As an example, if a trader had a £50k account with Alpari and had £5k in open trades (all of which were in profit), would you say he had 50k or 45k in their account? I am not an expert in the rules but given that technically all the open trades did not complete, the best option for everyone is if everyone is refunded their money using the balance of the account before the trades were placed...
open trades are not in the pool. But since Alpari had all trades closed all client funds in the pool since the date of insolvency. Therefore, the question does not arise, which they named as an example. apart from that would be 10% as open trades too much. Who goes as high risk, do not be surprised if the account crashes. 1% of capital as trade is ok. 2% of the capital is brave. 3% of the capital as trade is foolhardy. 5% is crazy. 10% or more is Kamikaze.
  • #2,998
  • Jan 25, 2015 8:56am Jan 25, 2015 8:56am
I met a prob at alpari, the stop loss that I setting was disable when the news release. I mail them but only answer me that the system will be lagging when the news release, so the system will miss my stop loss or pending order, is it true? This make me to loss money. I m using alpari mena market server.
  • #2,999
  • Jan 25, 2015 9:19am Jan 25, 2015 9:19am
Quoting leokatz
{quote} open trades are not in the pool. But since Alpari had all trades closed all client funds in the pool since the date of insolvency. Therefore, the question does not arise, which they named as an example. apart from that would be 10% as open trades too much. Who goes as high risk, do not be surprised if the account crashes. 1% of capital as trade is ok. 2% of the capital is brave. 3% of the capital as trade is foolhardy. 5% is crazy. 10% or more is Kamikaze.
The client funds which have been segregated have to imply funds before the 15 jan fiasco or else the pool will be
very small because of the losses.
  • #3,000
  • Jan 25, 2015 9:33am Jan 25, 2015 9:33am
We can speculate about this till kingdom comes...

What I do know is that KPMG is a auditing firm who's purpose is to make money.

They will make sure that they are being remunerated very well for their services. They will drag this out if the company is not sold quickly so that they can pocket money.

We will then not get our full balances back and will after being paid out have to put in a separate claim via the FCA.

G
Never Ever Give Up!
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