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Alpari.co.uk Discussion

  • #3,021
  • Jan 25, 2015 3:39pm Jan 25, 2015 3:39pm
Quoting TerryTibbs
{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.
I would put my money that people who made money on CHF will not see it.

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.
  • #3,022
  • Jan 25, 2015 5:26pm Jan 25, 2015 5:26pm
Quoting coliseum100k
Alpari UK Clients Will Be Required to Cover Negative Balances, good luck with that!

If you say so.......
Then that should answer the question if positive trades will be honoured.

Whatever the reason negative balances will have to be paid off is the same reason why positive trades have to be honoured.

Looks like some lucky guys here will get rich..............but some broke.
  • #3,023
  • Jan 25, 2015 5:29pm Jan 25, 2015 5:29pm
Quoting Tim_isoara
{quote} Ok.Ok.No more blabla...Start eat your hat. Too much ignorance.
Why should I eat my hat when I have not been proven wrong?
  • #3,024
  • Jan 25, 2015 5:33pm Jan 25, 2015 5:33pm
Quoting wantsomepips
{quote} I would put my money that people who made money on CHF will not see it. 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"...
See you are assuming that we all live in a fair and just world. Since when did the banking/finance/investment/brokerage world ever be fair and just? People get screwed over all the time.Negative balances will be chased, positives won't be paid.
  • #3,025
  • Jan 25, 2015 5:51pm Jan 25, 2015 5:51pm
Quoting TerryTibbs
{quote} See you are assuming that we all live in a fair and just world. Since when did the banking/finance/investment/brokerage world ever be fair and just? People get screwed over all the time.Negative balances will be chased, positives won't be paid.
if that is your opinion about brokers and banks, then I have a question: Why do you bring your money to a broker or too bank?
  • #3,026
  • Jan 25, 2015 6:15pm Jan 25, 2015 6:15pm
I think we need to know the news, this is really boring
  • #3,027
  • Jan 25, 2015 8:06pm Jan 25, 2015 8:06pm
Quoting WayToGo
I think we need to know the news, this is really boring
yep sit on your hands folks don't expect anything this year seen these people work before good luck
I do Good I feel GoodI do Bad I feel Bad
  • #3,028
  • Jan 25, 2015 8:45pm Jan 25, 2015 8:45pm
Quoting Cobra
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
The world is watching how uk and kpmg uk are doing in this case
  • #3,029
  • Jan 26, 2015 1:06am Jan 26, 2015 1:06am
This is becoming trickier by the day. I can feel a very long wait for everybody involved unless a buyer emerge this week. Some brokers have come up with attractive incentives including up 50% bonus on opening deposit to lure away Alpari clients. If these brokers succeed in getting most of these clients, who will buy Alpari?

My final take on this matter is hope for the best, but expect the worst!
  • #3,030
  • Jan 26, 2015 1:17am Jan 26, 2015 1:17am
Quoting Articulate
This is becoming trickier by the day. I can feel a very long wait for everybody involved unless a buyer emerge this week. Some brokers have come up with attractive incentives including up 50% bonus on opening deposit to lure away Alpari clients. If these brokers succeed in getting most of these clients, who will buy Alpari? My final take on this matter is hope for the best, but expect the worst!
you need to expect the worst bro
because so far in every statement of KPMG is pointing indirectly to Liquidating the comapny
  • #3,031
  • Jan 26, 2015 1:37am Jan 26, 2015 1:37am
Quoting whtangpi
{quote} The world is watching how uk and kpmg uk are doing in this case
Ah I highly doubt the majority of the world cares about a forex broker or even knows who Alpari is!
  • #3,032
  • Jan 26, 2015 1:45am Jan 26, 2015 1:45am
I heard a news that one Alpari branch was bankrupt because of the Swiss event, does it affect the mother company?
  • #3,033
  • Jan 26, 2015 1:48am Jan 26, 2015 1:48am
Quoting mitch77
{quote} Ah I highly doubt the majority of the world cares about a forex broker or even knows who Alpari is!
hahaha lol
  • #3,034
  • Jan 26, 2015 2:15am Jan 26, 2015 2:15am
Quoting mitch77
{quote} Ah I highly doubt the majority of the world cares about a forex broker or even knows who Alpari is!
haha, the world means here in this post, nowhere else
  • #3,035
  • Jan 26, 2015 2:19am Jan 26, 2015 2:19am
Quoting whtangpi
{quote} haha, the world means here in this post, nowhere else
in this discussion we do care because our money is stuck
but the rest of the world don t care
  • #3,036
  • Jan 26, 2015 2:55am Jan 26, 2015 2:55am
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested.
Alpari’s Japanese and Russian arms are thought to be most involved.
Firms including ETX Capital, Oanda, Iron FX and SpreadCo have also expressed interest in buying the firm.
The enormous number of potential buyers raises hopes that some of the 170 workers at Alpari UK will not lose their jobs.
Administrators from KPMG are expected to narrow down the bids this week to find the deal or combination of deals which offer the best value for creditors.
When Alpari UK tried to close down open trades, the appreciation of the currency was so rapid that different clients received different amounts of money on their trades.
The FCA is believed to be in discussions to decide whether to maintain each client account as it was left when the trade was closed, or to apply the average closing price evenly across all clients.
Once that is decided, clients will be able to access their funds on a pro-rata basis from a central pot. Their funds were held in segregated accounts, which have been pooled centrally.
These will be divided between all the firm’s clients. If the pool does not cover the funds in clients’ accounts, they can expect to be covered by the Financial Services Compensation Scheme (FSCS) up to £50,000.
However, those whose trades turned bad on the Swiss franc moves will have to bear their losses.
http://www.cityam.com/207922/exclusi...fx-firm-alpari
  • #3,037
  • Jan 26, 2015 2:59am Jan 26, 2015 2:59am
what is the best "solution" for us traders, which broker do you think will be best for us ?
  • #3,038
  • Jan 26, 2015 3:03am Jan 26, 2015 3:03am
Quoting panhwar
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and SpreadCo have also expressed interest in buying the firm. The enormous number of potential buyers raises hopes that some of the 170 workers at Alpari UK will not lose their jobs. Administrators from KPMG are expected to narrow...
This is a good news. Lets hope they can find the buyer ASAP. I have already opened two accounts with other brokers. How can a trader miss their tradings a week and a week
  • #3,039
  • Jan 26, 2015 3:03am Jan 26, 2015 3:03am
Quoting panhwar
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and SpreadCo have also expressed interest in buying the firm. The enormous number of potential buyers raises hopes that some of the 170 workers at Alpari UK will not lose their jobs. Administrators from KPMG are expected to narrow...
Thanks dear for the article, it's really amazing
Maybe next step is not for talking only
  • #3,040
  • Jan 26, 2015 3:06am Jan 26, 2015 3:06am
Quoting panhwar
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and SpreadCo have also expressed interest in buying the firm. The enormous number of potential buyers raises hopes that some of the 170 workers at Alpari UK will not lose their jobs. Administrators from KPMG are expected to narrow...
ah, ok, so it's only to customers who traded in Swiss francs. That is reassuring for me because I was in the EUR / USD.
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