Disliked{quote} Hah! I think I'll wait here until someone posts here that they were paid out in full their winnings on any CHF trade by Alpari/KPMG. Sure you can take it to court, but that's a lot of hassle, time and trouble for something you might not even win, I mean, who are you gonna claim the money from? Alpari is no longer existing.Ignored
But if you tink about it. Whatever reason they say they will not honor those trades, exactly the same reason can be applied for negative ones, for clients not to pay them back.
What they say that most of clients lost money and if they want to recover it, it would make sence to pay back positive trades from CHF and advertise it as "hey look we honored trades that were positive............so please honor your negatives and pay as back what you are negative for" But there are some veriables here. What if most of the negative money was lost buy only 5 or so clients, then the strategy would be different how to recover it. We really know nothing about what actually has happened and how.
I guess this situation here will show what FOREX, FCA and UK governmet is about.
If I would be UK government/FCA
I would quickly pay back every money owed to clients, not ask negative balances back and advertise it as this is what we do here in UK and see rest of the money from all around the world come to UK, raise capital, create jobs and make more tax money for government itself. I hink investment of 40-50M, or whatever Alpari lost, would be investment well spent in this case.