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Alpari.co.uk Discussion

  • #3,781
  • Feb 5, 2015 5:02pm Feb 5, 2015 5:02pm
I just found this page on facebook

https://www.facebook.com/alpariclients

is this from some one around here?

If it is, I'd like to suggest to create a fanpage. It is easier to get it spread.
  • #3,782
  • Feb 5, 2015 5:05pm Feb 5, 2015 5:05pm
Quoting mazzara
I just found this page on facebook https://www.facebook.com/alpariclients is this from some one around here? If it is, I'd like to suggest to create a fanpage. It is easier to get it spread.
Sorry, I've just realize it is a fanpage.... very good!
  • #3,783
  • Feb 5, 2015 5:06pm Feb 5, 2015 5:06pm
Quoting mazzara
petition 4FX ... good initiative... signed ! http://4fx.club/petition/ You must sign .... yes you reading now ... no matter if you are Alpari client or not... this could be a statement for the market and for regulators, and a good one. IF YOU AGREE OR SIMPATIZE WITH THE CAUSE, SIGN THE PETITION. A trader can't complain if he burns his capital with bad trades, it's his fault, but it is not fair to be left outside the market because of brokers bad risk management. This is a message to regulators, investors, traders, brokers, banks and all...
DONE
  • #3,784
  • Feb 5, 2015 5:26pm Feb 5, 2015 5:26pm
Quoting mazzara
{quote} Sorry, I've just realize it is a fanpage.... very good!
Ive just added a link to it on the home page
  • #3,785
  • Feb 5, 2015 5:40pm Feb 5, 2015 5:40pm
Quoting mazzara
{quote} Sorry, I've just realize it is a fanpage.... very good!
Hey yes i've set the facebook page up.ita growing nicely i will link to the 4x petition when i get a minute tomorrow or you guys can link it if you have time feel free
  • #3,786
  • Feb 5, 2015 5:43pm Feb 5, 2015 5:43pm
Quoting missluna1982
{quote} Hey yes i've set the facebook page up.ita growing nicely i will link to the 4x petition when i get a minute tomorrow or you guys can link it if you have time feel free
Hi, thanks, i just linked the website to your facebook page
  • #3,787
  • Feb 5, 2015 9:31pm Feb 5, 2015 9:31pm
Great support the things you guys doing !
  • #3,788
  • Edited Feb 6, 2015 2:24am Feb 5, 2015 9:41pm | Edited Feb 6, 2015 2:24am
more are needed.thanks to the guys who made this happen
  • #3,789
  • Feb 5, 2015 11:44pm Feb 5, 2015 11:44pm
I have an impression that a lot of people here do not understand either that Alpari UK is insolvent or what insolvency mean. Company is insolvent is when it cannot pay what it owes. If Alpari was able to pay to you it would not be insolvent in the first place. The whole thing has happened exactly because Alpari DOES NOT have enough money. In a situation like this the company goes to court for protection from creditors. The judge sets such protection, freezes the assets and appoints administrator to establish the sate of company finances. KPMG is appointed by the court order and only reports to the court. By the law and court decision KPMG has to find the most suitable way for ALL creditors, but first it has to calculate Alpari's assets and liabilities.

You can write to whoever you want, to Alpari, KPMG, FCA, Tory Party, Labour Party, EU, UN the all can do nothing. The company assets are protected from your claims by the court order and only another court order can lift the protection. There are rules of how the process should go and I am sure that KPMG is following the rules impeccably. Your frustration is understandable and by all means feel free to give KPMG a nudge every now and then, but the process is the process and it has to go its way till the end. In most cases a company has up to 100 creditors, but here KPMG is looking at 100'000. Obviously the process of collecting the claims will take time, they will have to reach out for every single one of the creditors. They also have to reach out for each debtor trying to recover money from them.

At this moment Alpari client base is not too great buy the ask $25m for the whole company but the buyer will also have to cover all negative equity which is another $25-30m. When the negative accounts are written off and sold to collectors the buyers will show up very quickly.

You also should not worry too much about KPMG fees they will be 2-3% of the total amount and I believe mostly covered from other sources than client's money.
Wookey
  • #3,790
  • Feb 6, 2015 12:03am Feb 6, 2015 12:03am
Quoting mazzara
petition 4FX ... good initiative... signed ! http://4fx.club/petition/ You must sign .... yes you reading now ... no matter if you are Alpari client or not... this could be a statement for the market and for regulators, and a good one. IF YOU AGREE OR SIMPATIZE WITH THE CAUSE, SIGN THE PETITION. A trader can't complain if he burns his capital with bad trades, it's his fault, but it is not fair to be left outside the market because of brokers bad risk management. This is a message to regulators, investors, traders, brokers, banks and all...
plz inform us in details how to sign this petition
other than signing in to 4fx.club

Quoting wookey
I have an impression that a lot of people here do not understand either that Alpari UK is insolvent or what insolvency mean. Company is insolvent is when it cannot pay what it owes. If Alpari was able to pay to you it would not be insolvent in the first place. The whole thing has happened exactly because Alpari DOES NOT have enough money. In a situation like this the company goes to court for protection from creditors. The judge sets such protection, freezes the assets and appoints administrator to establish the sate of company finances. KPMG is...
your right about the insolvency processas but client retails that are part of the assests of the company, should be segregated off balance sheet of the company and we shoudl take back our money as fast as possible while kpmg is doing the process
  • #3,791
  • Feb 6, 2015 1:06am Feb 6, 2015 1:06am
http://www.forexfactory.com/showthread.php?t=524824

Kindly help me with this.
  • #3,792
  • Feb 6, 2015 1:43am Feb 6, 2015 1:43am
signed petition.
http://4fx.club/petition/
  • #3,793
  • Feb 6, 2015 2:01am Feb 6, 2015 2:01am
http://forexmagnates.com/alpari-uk-s...tual-property/
  • #3,794
  • Feb 6, 2015 2:02am Feb 6, 2015 2:02am
I just signed the petition too. More clients should endeavour to sign it.

Quoting ewinner
{quote} Thanks for posting the link nAVIN2007 Come on guys, lets stop the bickering!!! I have set up an online petition that can be signed here http://4fx.club/petition/
  • #3,795
  • Feb 6, 2015 2:27am Feb 6, 2015 2:27am
Quoting mazzara
petition 4FX ... good initiative... signed ! http://4fx.club/petition/ You must sign .... yes you reading now ... no matter if you are Alpari client or not... this could be a statement for the market and for regulators, and a good one. IF YOU AGREE OR SIMPATIZE WITH THE CAUSE, SIGN THE PETITION. A trader can't complain if he burns his capital with bad trades, it's his fault, but it is not fair to be left outside the market because of brokers bad risk management. This is a message to regulators, investors, traders, brokers, banks and all...
  • #3,796
  • Feb 6, 2015 2:37am Feb 6, 2015 2:37am
Quoting Jadgeha
{quote} plz inform us in details how to sign this petition other than signing in to 4fx.club {quote} your right about the insolvency processas but client retails that are part of the assests of the company, should be segregated off balance sheet of the company and we shoudl take back our money as fast as possible while kpmg is doing the process
signing in is signing the pertition
  • #3,797
  • Feb 6, 2015 2:50am Feb 6, 2015 2:50am
Quoting nAVIN2007
{quote} signing in is signing the pertition
i already sign in but still my name didn t show
  • #3,798
  • Feb 6, 2015 2:52am Feb 6, 2015 2:52am
Whit collar crime atits best
people leave, but this thread will go on for ever
  • #3,799
  • Feb 6, 2015 2:52am Feb 6, 2015 2:52am
Quoting wookey
I have an impression that a lot of people here do not understand either that Alpari UK is insolvent or what insolvency mean. Company is insolvent is when it cannot pay what it owes. If Alpari was able to pay to you it would not be insolvent in the first place. The whole thing has happened exactly because Alpari DOES NOT have enough money. In a situation like this the company goes to court for protection from creditors. The judge sets such protection, freezes the assets and appoints administrator to establish the sate of company finances. KPMG is...
what u have written is very clear and concise but that means it could take absolutely ages to get money back, do u think there is any compensation payout for the alpari automatically closing all trades. I took a hit of 3.6k which i know in time would/could have yielded a profit?

U seem to know how things work!
  • #3,800
  • Feb 6, 2015 3:27am Feb 6, 2015 3:27am
there will not be any claims against lost opportunities! If you were down on your position that was closed by Alpari , you were down. You will not be able to prove that you were going to hold on any longer. I would have made 100K plus on my open trade and will icertaimly not see any compensation.
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