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  • #3,481
  • Jan 31, 2015 6:10am Jan 31, 2015 6:10am
i have funds with alpari and i dont trust them to release this to us "fast"> i live in central London why dont we (clients with a positive balance) just get a lawyer as a group and put some serious pressure on them instead of being simply frustrated and helpless. Lets get this sorted...i'm tired of KPMG.

Sylvia
  • #3,482
  • Jan 31, 2015 6:50am Jan 31, 2015 6:50am
Guys what you think if we go together in front of kpmg for make a protest? I think if we are some hundred they gonna be nervous and journalist gonna put the notice on website and the things will move on the high court gonna speed up to fix the trouble and we will have our money back really fast. We should to be a unique voice in the square.
I think we should to try together.
We are too calms....so they don't go fast to handle it and wasting time for taking money.
They must to listen ours voices.
A flight with ryanair cost just 50€ for go in london in most part of eu.
Think guys. I will enjoy if we are a lot of people.
myfxbook: neoxis
  • #3,483
  • Jan 31, 2015 6:59am Jan 31, 2015 6:59am
Quoting neoxis
Guys what you think if we go together in front of kpmg for make a protest? I think if we are some hundred they gonna be nervous and journalist gonna put the notice on website and the things will move on the high court gonna speed up to fix the trouble and we will have our money back really fast. We should to be a unique voice in the square. I think we should to try together. We are too calms....so they don't go fast to handle it and wasting time for taking money. They must to listen ours voices. A flight with ryanair cost just 50€ for go in london...
Oh come on already. They are doing their job. There are regulations and processes to follow. You will get your money, one way or another, unless you packed over £50 000 in your account which FSCS won't most likely compensate.

Just be happy its Alpari and not some 3rd world banana-broker which would be laughing with your money right now and you'd never see a penny again.
  • #3,484
  • Jan 31, 2015 7:30am Jan 31, 2015 7:30am
Quoting vkauppin
{quote} Oh come on already. They are doing their job. There are regulations and processes to follow. You will get your money, one way or another, unless you packed over £50 000 in your account which FSCS won't most likely compensate. Just be happy its Alpari and not some 3rd world banana-broker which would be laughing with your money right now and you'd never see a penny again.
+1

People complain too much when they should be happy to have their arses covered by the FSCS. If anyone had actually read about the FSCS protection and how it works they would know it is not an overnight thing. As long as there is an administration going on it is up to the administrators and laws they have to follow what gets done and how it gets done! They are dealing with the insolvency as they are allowed to deal, be sure that they have not broken any law yet and are unlikely to do so.
  • #3,485
  • Jan 31, 2015 7:33am Jan 31, 2015 7:33am
Quoting neoxis
Guys what you think if we go together in front of kpmg for make a protest? I think if we are some hundred they gonna be nervous and journalist gonna put the notice on website and the things will move on the high court gonna speed up to fix the trouble and we will have our money back really fast. We should to be a unique voice in the square. I think we should to try together. We are too calms....so they don't go fast to handle it and wasting time for taking money. They must to listen ours voices. A flight with ryanair cost just 50€ for go in london...
Good luck with that! KPMGs main office is in Canary Wharf, 15 Canada Square, It is a 15 stories building with sound proof glass! No one will hear you! On top of that Canary Wharf as a whole is a private estate so you will very likely be escorted out of it by security before you have a chance to start.
  • #3,486
  • Jan 31, 2015 7:39am Jan 31, 2015 7:39am
Sigh....
Calm down and let them work. And get angry if you don't recieve your money or you are actually told they will deduct x-ammout from what you are owed. When I read some of the posts I wonder if the poster has any life- or business-experience at all. It takes time to unfuck a fucked-up situation, especially if regulation and lawyers are involved.
If you don't have a negative account-balance: your money is on a segregated account. And if it isn't, because of malpractise, there is the FCA.

I'd rather have my money now, granted, but I won't speed up the process by bitching and moaning on the internet...

Have a nice weekend, all.
Fail better.
  • #3,487
  • Jan 31, 2015 7:41am Jan 31, 2015 7:41am
Quoting papamax
{quote} Good luck with that! KPMGs main office is in Canary Wharf, 15 Canada Square, It is a 15 stories building with sound proof glass! No one will hear you! On top of that Canary Wharf as a whole is a private estate so you will very likely be escorted out of it by security before you have a chance to start.
It is clear that you have not been affected by this.
Most traders here are making a living from their trading accounts and cannot afford to sit and wait for KPMG and its red tape.
Never Ever Give Up!
  • #3,488
  • Jan 31, 2015 8:26am Jan 31, 2015 8:26am
Quoting Cobra
{quote} It is clear that you have not been affected by this. Most traders here are making a living from their trading accounts and cannot afford to sit and wait for KPMG and its red tape.
I do have a small sum of money in Alpari - but I'd also encourage people to diversify and spread risks.
Don't put all eggs in one basket as shit tends to happen on a regular basis, no matter how smart you are.
  • #3,489
  • Jan 31, 2015 8:47am Jan 31, 2015 8:47am
Quoting Cobra
{quote} It is clear that you have not been affected by this. Most traders here are making a living from their trading accounts and cannot afford to sit and wait for KPMG and its red tape.
who finances his living by trading, which should be smart enough to own trading accounts with different brokers. Anything else would be a very big stupidity. But most people do not use their brains. Stupidity is punished by life sometime
  • #3,490
  • Jan 31, 2015 8:56am Jan 31, 2015 8:56am
Exactly. People put all their eggs in one basket. I'm glad I have several other brokers to trade from and yes, it's a nuisance that my money is tied up but life moves on. Just be patient. Do you guys and girls place all your money in one bank/fund?....

Lak
  • #3,491
  • Jan 31, 2015 9:45am Jan 31, 2015 9:45am
Quoting Cobra
{quote} It is clear that you have not been affected by this. Most traders here are making a living from their trading accounts and cannot afford to sit and wait for KPMG and its red tape.
You are very mistaken.. i have been heavily affected otherwise i wouldn't even be looking at this thread! Out of 2 accounts i had with Alpari 1 has been almost wiped due to CHF move (luckly, i wasnt using a lot of leverage so it didnt get completely wiped) and a second account has over £30k sitting there waiting for KPMG but i know how the process works and i know it doesnt matter how much i cry about it... they gotta do what they gotta do.. ah, and yes, i didnt have all my money in 1 broker.. it was spreaded over 3 brokers. This should be part of any traders risk management..
  • #3,492
  • Edited 12:55pm Jan 31, 2015 9:47am | Edited 12:55pm
Hello ,

Does anyone here are in same situation as me ?

I had a spreadbetting account with Alpari uk . With a small EURCHF long position. It was closed on the break of floor at 1.1993 with very minimal loss to me. However I am worried KPMG will alter that trade and push me in to a deep negative balance .. I have taken statements and screen shots..

The text in the risk management site of alpari used to say the following, however now going to the home page... you could still see the google cached page ....



http://webcache.googleusercontent.co...&ct=clnk&gl=uk

Thank you
  • #3,493
  • Jan 31, 2015 9:55am Jan 31, 2015 9:55am
Quoting papamax
{quote}a second account has over £30k sitting there waiting for KPMG but i know how the process works and i know it doesnt matter how much i cry about it... they gotta do what they gotta do..
Yep, this whole process is a lawyers wet dream now, they'll be like vultures circling everywhere looking for mistakes and loopholes, so KPMG have to do everything carefully and by the book. It'll take time, there will be claims, counterclaims, appeals, debt collections, etc etc

And KPMG are a company full of lawyers themselves so a few little threats aren't going to scare them.
  • #3,494
  • Jan 31, 2015 10:28am Jan 31, 2015 10:28am
Quoting LarryDarrell
Sigh.... Calm down and let them work. And get angry if you don't recieve your money or you are actually told they will deduct x-ammout from what you are owed. When I read some of the posts I wonder if the poster has any life- or business-experience at all. It takes time to unfuck a fucked-up situation, especially if regulation and lawyers are involved. If you don't have a negative account-balance: your money is on a segregated account. And if it isn't, because of malpractise, there is the FCA. I'd rather have my money now, granted, but I won't speed...
This...

you guys are pissing me off, and all your emails and phone calls are holding back the already slow process
  • #3,495
  • Jan 31, 2015 10:38am Jan 31, 2015 10:38am
Quoting verv
{quote}and all your emails and phone calls are holding back the already slow process
This too. Thats the irony here, angry people complaining and making threats are exactly the reason that KPMG have to go slowly and make sure there are no mistakes made.
  • #3,496
  • Jan 31, 2015 11:31am Jan 31, 2015 11:31am
Quoting lakhan
Exactly. People put all their eggs in one basket. I'm glad I have several other brokers to trade from and yes, it's a nuisance that my money is tied up but life moves on. Just be patient. Do you guys and girls place all your money in one bank/fund?.... Lak
or who is investing in a single stock? No sane man does something like that. Our brain, we have to be able to think. Anyway, I use to my brain.
  • #3,497
  • Jan 31, 2015 12:14pm Jan 31, 2015 12:14pm
Quoting leokatz
{quote} or who is investing in a single stock? No sane man does something like that. Our brain, we have to be able to think. Anyway, I use to my brain.
many of us did it..anyway we just hope to take ours money back... it's useless to say something like this now..we all learned the lesson but this is not the main point. They should to give us ours money cause there is a regulation authority and for what we know for now seems alpari didn't a fraud and didn't stole any money. So ok you're right we made a big mistake to put our whole deposit in one single broker but that is not an excuse for not pay us back.
We will see what will happen.
myfxbook: neoxis
  • #3,498
  • Jan 31, 2015 12:28pm Jan 31, 2015 12:28pm
Quoting neoxis
{quote} many of us did it..anyway we just hope to take ours money back... it's useless to say something like this now..we all learned the lesson but this is not the main point. They should to give us ours money cause there is a regulation authority and for what we know for now seems alpari didn't a fraud and didn't stole any money. So ok you're right we made a big mistake to put our whole deposit in one single broker but that is not an excuse for not pay us back. We will see what will happen.
well, when I read that some people have 50000 GBP at the company Alpari and no second or third account with another broker, this is very stupid. Then I should not complain even if suddenly the broker has a bankruptcy. Yes, I think also that finally have learned from the whole affair annoying some people. But actually, you know such things. Or no one except me many bankruptcies registered with the brokers? Almost half of the broker has disappeared in the past four years. One of the major broker was 4xp. At least then people need to wake up and take care of it!
  • #3,499
  • Jan 31, 2015 12:34pm Jan 31, 2015 12:34pm
Quoting leokatz
{quote} well, when I read that some people have 50000 GBP at the company Alpari and no second or third account with another broker, this is very stupid. Then I should not complain even if suddenly the broker has a bankruptcy. Yes, I think also that finally have learned from the whole affair annoying some people. But actually, you know such things. Or no one except me many bankruptcies registered with the brokers? Almost half of the broker has disappeared in the past four years. One of the major broker was 4xp. At least then people need to wake up...
Yeah you're right. Anyway as kpmg said money are still there. So we will see when they gonna pay us back and for sure i will think a lot and check everything about one broker before to deposit and no more so much money.
myfxbook: neoxis
  • #3,500
  • Jan 31, 2015 12:46pm Jan 31, 2015 12:46pm
Quoting LarryDarrell
Sigh.... Calm down and let them work. And get angry if you don't recieve your money or you are actually told they will deduct x-ammout from what you are owed. When I read some of the posts I wonder if the poster has any life- or business-experience at all. It takes time to unfuck a fucked-up situation, especially if regulation and lawyers are involved. If you don't have a negative account-balance: your money is on a segregated account. And if it isn't, because of malpractise, there is the FCA. I'd rather have my money now, granted, but I won't speed...
This

FCA FSCS will sort your first £85,000 anything over that you have lost.
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