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  • #3,521
  • Feb 1, 2015 10:00am Feb 1, 2015 10:00am
I can confirm I got from Alpari a complete statement and a standard e-mail by the Joint Special Admins without doing anything. They have your data already.

It should make much more sense if they would just enable the withdraw form from the original Alpari website and close the whole thing. I wanted to keep trading in the beginning, but now all I want is my bloody money back.
  • #3,522
  • Feb 1, 2015 10:02am Feb 1, 2015 10:02am
Quoting mejo
Hi guys! I have read on http://forexmagnates.com/alpari-uk-c...mation-claims/, that clients received am email? have you got it? i am also a client but didnt get nothing. i am only following https://www.insolvency-kpmg.co.uk/ca...F119D1101.html, for info which says in the last "update on process to submit a claim" that "At this stage, there is no requirement for people who believe they have a client money entitlement to submit a claim to the Joint Special Administrators for the purposes...

I havent received a thing either
  • #3,523
  • Feb 1, 2015 10:11am Feb 1, 2015 10:11am
Quoting emanco
I can confirm I got from Alpari a complete statement and a standard e-mail by the Joint Special Admins without doing anything. They have your data already. It should make much more sense if they would just enable the withdraw form from the original Alpari website and close the whole thing. I wanted to keep trading in the beginning, but now all I want is my bloody money back.
Thanks for the info, could you post the email address that it came from? (so we can avoid the possibilty of the thing landing in spam and getting overseen, thanks)
  • #3,524
  • Feb 1, 2015 10:19am Feb 1, 2015 10:19am
Quoting mejo
Hi guys! I have read on http://forexmagnates.com/alpari-uk-c...mation-claims/, that clients received am email? have you got it? i am also a client but didnt get nothing. i am only following https://www.insolvency-kpmg.co.uk/ca...F119D1101.html, for info which says in the last "update on process to submit a claim" that "At this stage, there is no requirement for people who believe they have a client money entitlement to submit a claim to the Joint Special Administrators for the purposes...
This article is dated the 22nd of January and refers to the generic email sent from the administrators.
Old news as far as I know.
The only question I have is when exactly when did you receive a full statement from Alpari emanco?
  • #3,525
  • Edited 10:36am Feb 1, 2015 10:23am | Edited 10:36am
Exclusive: Alpari UK to Disintegrate Group as Buyers Refuse $25 Million Offer
Forex Magnates has learned that most of the global group's employees are expected to be immediately let go, with about 50 to remain on board for the transitional period of the firm's winding up.
- See more at: http://forexmagnates.com/exclusive-a....UyANJeNP.dpuf
It seems Alpari UK will not be moving forward as a complete business entity any more. The KPMG Special Administration team promised to try and sell the insolvent brokerage as a whole unit and preserve the jobs of its employees – new information provided by Forex Magnates’ sources indicates that both of these attempts have failed.
On Friday afternoon the special administrators of Alpari UK gathered the employees of the firm and explained the situation. The company was offered for sale at $25 million, but no potential buyers were willing to pay.
For this reason, KPMG will break up Alpari UK into its segmented assets to be sold separately, according to people familiar with the matter.
The brokerage might be sold as separate local entities to different brokers around the world, as it has offices in Japan and Dubai, or it might sell off its client book to a different broker and shut down all operations completely. KPMG has not yet stated their plans regarding this.
One way or another, the lion’s share of the groups’ employees is likely to be terminated. Alpari UK employs as much as 240 workers globally, with 170 in the UK offices. Now it seems that only 50 will remain for a couple of months in order to finalize the company’s winding up.

well, that was to be expected. The only valuable in such a company are the active clients. The rest is of no interest to every buyer. For each broker already has the infrastructure. Why should he buy a second infrastructure? The few servers are not particularly valuable.
  • #3,526
  • Feb 1, 2015 10:32am Feb 1, 2015 10:32am
Quoting leokatz
Exclusive: Alpari UK to Disintegrate Group as Buyers Refuse $25 Million Offer Forex Magnates has learned that most of the global group's employees are expected to be immediately let go, with about 50 to remain on board for the transitional period of the firm's winding up. - See more at: http://forexmagnates.com/exclusive-a....UyANJeNP.dpuf It seems Alpari UK will not be moving forward as a complete business entity any more. The KPMG Special Administration team promised...
If this is true then it at least represents progress for a potential sale.
We all knew that the potential buyers had no interest in purchasing Alpari as a whole so now it will be broken up and a sale is much more feasable.
More importantly a sale of what matters to us is much more feasable.
  • #3,527
  • Feb 1, 2015 12:16pm Feb 1, 2015 12:16pm
thanks for info...i don't have big money at them, few k, i am a student, but i am also a bit nervous. i don't even imagine how you guys with few or more 10k's feel. i hope we will get our money soon, that's the only thing i can say.

regards
less is more
  • #3,528
  • Feb 1, 2015 12:31pm Feb 1, 2015 12:31pm
Quoting mejo
thanks for info...i don't have big money at them, few k, i am a student, but i am also a bit nervous. i don't even imagine how you guys with few or more 10k's feel. i hope we will get our money soon, that's the only thing i can say. regards
quickly we will not get our money. Maybe in April, maybe in May, I think. The special administration has errors in thinking. What good is it, the client base to sell? The longer the wait, the less clients will stay with a new owner. Moreover, there is a maximum of ten percent chance that I like the new broker. Meanwhile, I have the missing 5th broker replaced by another broker. Now I have no more brokers in uk. Too bad for the City of London. The supervisory authority makes negative publicity through their inaction. The funds could be paid already. Instead, the special administrative tinkering on a dubious website that is totally unnecessary. For all customer data already exist in the databases of Alpari UK.
  • #3,529
  • Feb 1, 2015 1:08pm Feb 1, 2015 1:08pm
All is about game fca allowed kmpg or whatever they call themself to play with our emotion.
Believe it or not clients with positive account are the one the administrator have to negotiate better offer it will not be over
with those with positive account until they satisfy themselves.
  • #3,530
  • Feb 1, 2015 1:55pm Feb 1, 2015 1:55pm
http://peticionpublica.es/pview.aspx?pi=ES75980
  • #3,531
  • Feb 1, 2015 2:33pm Feb 1, 2015 2:33pm
Quoting kebefx
All is about game fca allowed kmpg or whatever they call themself to play with our emotion. Believe it or not clients with positive account are the one the administrator have to negotiate better offer it will not be over with those with positive account until they satisfy themselves.
The types of the KPMG can itself play on the feet, but not with the emotions of people!
  • #3,532
  • Feb 1, 2015 3:33pm Feb 1, 2015 3:33pm
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
  • #3,533
  • Feb 1, 2015 4:42pm Feb 1, 2015 4:42pm
why they need few weeks to make a new web site? the new web site would need security and fraud testing.

Just add another flag to the current web site database and enable logging through it

update LogInTable
set flag = 1 where equity > 0
  • #3,534
  • Feb 1, 2015 7:45pm Feb 1, 2015 7:45pm
Quoting leokatz
{quote} quickly we will not get our money. Maybe in April, maybe in May, I think. The special administration has errors in thinking. What good is it, the client base to sell? The longer the wait, the less clients will stay with a new owner. Moreover, there is a maximum of ten percent chance that I like the new broker. Meanwhile, I have the missing 5th broker replaced by another broker. Now I have no more brokers in uk. Too bad for the City of London. The supervisory authority makes negative publicity through their inaction. The funds could be paid...
​leokatz, can you tell us why did you go to Alpari in the first place? Did you not know that it was run by Russians? Interesting to check what options did you have and what was your finals reason to go to Alpari.

Bankruptcy is a lengthy process and the very first step is establishing the current situation. How much the company owes and how much it is owed. The law requests the administrator not to trust the company books, but to collect all claims and identity all debtors independently. All people who are saying they just have to use myalpari should look at PFG case couple years ago. All information provided by PFG management was false and all customer reports were cooked. I do not think it happened here, but KPMG cannot discard such possibility. And I have to note that PFG was cooking the books under the nose of NFA which has much stricter grip on brokers than FCA. Aplari, I believe, suffered not from misconduct, but from stupid risk management. Allowing such unbalanced situation with so high leverage was stupid, but it was not a crime or breach of regulation. In any case, being in the regulated market like US and UK is much safer than in unregulated market. If your account is less than £50k you will get your money in full whatever happens, if more you will get at least the most of the money back. Do you seriously think that if you have an account with Alpari Russia or other no name broker from Cyprus, you will get anything if it collapses? Brokers in unregulated markets disappear with client's money every month.

What will happen now is: after all claims are received and calculated, if KPMG realises that it has enough money on the segregated account to cover it, you will get it pretty quickly. The debt of traders with negative accounts will be sold to collectors for 30% or so all the other accounts will be packaged together and sold to a new broker where all he people with positive accounts will be able to retrieve the money or continue trading with the new broker. Contrary to what you are saying I believe that most of the traders will stay with the new broker. Without negative accounts Alpati client base is quite attractive buy. So it will be done fairly quickly.

Next time, everyone, select your broker not by nice promises on the home page, but by doing due diligence. Stay away from brokers offering 1:500 leverage, check how their risk management is working: if they investigate their clients, monitor trading activity, calculate exposure. Do not put all eggs in one basket. And, finally, please, do not let your income depend on forex profit and broker stability, it is not good for health.
Wookey
  • #3,535
  • Feb 1, 2015 8:03pm Feb 1, 2015 8:03pm
There are quite a few very well regarded brokers which operates in well respected countries but are owned by Russia and Easter European countries.

Dukacopy is one of them.

Thats why i always traded with multiple brokers.

My 2 main brokers are IB and TS.

Oanda was my secondary broker until I changed to FXCM.

On 1-15-2015 I think i was one of the first customers to withdraw all I had from FXCM because I detected how severe the situation was.

It took longer than usual but FXCM sent all my money back to me.

I'm keeping my account open but I will not refund it until I'm sure they will not go under.

Meanwhile my 2 primary brokers are ok.

If you think your responsibility is just sit there and trade you are wrong !!

Trading is a business and you have to keep one eye on all aspects of it.
So, you think you have rights? LOL
  • #3,536
  • Feb 1, 2015 8:19pm Feb 1, 2015 8:19pm
Hi guys!
I am an Alpari UK client with positive balance account, also I've received an e-mail from special admistrators, I don't know what to do at all. Do i need to claim for anything or just i have to wait for now?
  • #3,537
  • Feb 1, 2015 10:56pm Feb 1, 2015 10:56pm
Quoting kenanbg
Hi guys! I am an Alpari UK client with positive balance account, also I've received an e-mail from special admistrators, I don't know what to do at all. Do i need to claim for anything or just i have to wait for now?
according to their “Update on process to submit a claim” document,

you have to wait until their so called "claim portal" is built so we can submit claims. It could take weeks/months to complete.

They said the current MyApari portal does not conform to some laws so they have to build one.

just not sure why don't they modify the existing to get the job done.
  • #3,538
  • Feb 1, 2015 11:17pm Feb 1, 2015 11:17pm
Quoting wookey
{quote} ​leokatz, can you tell us why did you go to Alpari in the first place? Did you not know that it was run by Russians? Interesting to check what options did you have and what was your finals reason to go to Alpari. Bankruptcy is a lengthy process and the very first step is establishing the current situation. How much the company owes and how much it is owed. The law requests the administrator not to trust the company books, but to collect all claims and identity all debtors independently. All people who are saying they just have to use...
why we need to write claim to our money all our personal detail and account in the broker database , why we need to prove that if they have all the thing with them only the database been destroyed and they are in the dark they want from us to to give all the claim to bulit them database again that mean if some body with negative account and write claim to them he has in that account 1000000 the will process the claim as true only wondering why the delay and to write to them claim.
  • #3,539
  • Feb 1, 2015 11:29pm Feb 1, 2015 11:29pm
Quoting ForexOracle
There are quite a few very well regarded brokers which operates in well respected countries but are owned by Russia and Easter European countries. Dukacopy is one of them. Thats why i always traded with multiple brokers. My 2 main brokers are IB and TS. Oanda was my secondary broker until I changed to FXCM. On 1-15-2015 I think i was one of the first customers to withdraw all I had from FXCM because I detected how severe the situation was. It took longer than usual but FXCM sent all my money back to me. I'm keeping my account open but I will not...
hi there
what the full name of the broker IB and TS, because iam searching and testing some broker
  • #3,540
  • Feb 2, 2015 12:44am Feb 2, 2015 12:44am
here we go third week no F..... news
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