Alpari.co.uk Discussion | Page 205 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Alpari UK Insolvency Does Not Affect Other Alpari Companies 4 replies

Alpari US vs Alpari UK 20 replies

Alpari NZ vs Alpari UK 7 replies

Alpari Direct Pro vs Alpari MT4 Pro 4 replies

Alpari Russia, Alpari UK or MIG??? 5 replies

Attachments: Alpari.co.uk Discussion
Exit Attachments

Alpari.co.uk Discussion

  • #4,081
  • Feb 11, 2015 1:45pm Feb 11, 2015 1:45pm
Quoting Forexia
{quote} BUT they CAN'T. Client funds is NOT part of recoverable assets for sale!! It's spelled out specifically in the client funds guidelines by the FCA. No I don't think they can sell it per se but they are just locking it so no one can get any money out. Right now this is the biggest and probably the only asset left of Alpari. The founder of Alpari has already bought the intellectual property and the brand and he's already launched a new brand called Forex Time with it in Cyprus. http://forexmagnates.com/founder-of-...and-forextime/...
I do agree with ur point of view
  • #4,082
  • Feb 11, 2015 1:46pm Feb 11, 2015 1:46pm
The ONE mistake that KPMG has made is they shouldn't have allowed the founder to buy the intellectual property and the brand or at least should've extracted more to at least satisfy ALL the creditors. In a forex brokerage, the intellectual property and the brand is just as important as the monetary assets because it's a service type of company. In a service type of company like a software company, all there is is the intangibles. Once the intangibles is gone, the company is pretty much worthless.

And once the company goes into receivership, ALL assets including the intangibles should be in lockdown. The founder wants to jump ship, then he needs to take care of the sinking ship first. And obviously he doesn't want to, and it's up to the special administrator, KPMG to stop him. They let the founder go and stopped the clients and basically let the client holding the bag.
Make your losses in demo. Earn your profits live.
  • #4,083
  • Feb 11, 2015 1:48pm Feb 11, 2015 1:48pm
Quoting wookey
{quote} ​Actually they cannot, unless it is a sale of the whole company. They have already told that if there is a buyer for clients accounts the clients will be given a choice to accept the move or decline and receive the money directly from the liquidator. Usually the buyer offers better deal for clients, anyway. It is not FCA regulation it is a standard bankruptcy procedure.
Ill agree to disagree.
  • #4,084
  • Edited 2:55pm Feb 11, 2015 2:40pm | Edited 2:55pm
Quoting Forexia
The ONE mistake that KPMG has made is they shouldn't have allowed the founder to buy the intellectual property and the brand or at least should've extracted more to at least satisfy ALL the creditors. In a forex brokerage, the intellectual property and the brand is just as important as the monetary assets because it's a service type of company. In a service type of company like a software company, all there is is the intangibles. Once the intangibles is gone, the company is pretty much worthless. And once the company goes into receivership, ALL...
Troll be calm. It's too hard for you?
Maybe, the russian founder will buy the client funds list. You are jealous?
  • #4,085
  • Feb 11, 2015 2:42pm Feb 11, 2015 2:42pm
Quoting Tim_isoara
{quote} Troll be calm. It's too hard for you?
Tim can you explain me ...how can they pay you also profits? and not just deposits? how can you say all money are there? (profits too)

They are talking about deposits...segregated accounts are safe...but profits i don't think so.
myfxbook: neoxis
  • #4,086
  • Feb 11, 2015 2:54pm Feb 11, 2015 2:54pm
Quoting neoxis
{quote} Tim can you explain me ...how can they pay you also profits? and not just deposits? how can you say all money are there? (profits too) They are talking about deposits...segregated accounts are safe...but profits i don't think so.
Not initial deposit is in segregated accounts.
All money are in segregated account.
When you are in a trade money is in a pool. When not in a trade money is in a segregated accounts.
No problem with money
  • #4,087
  • Feb 11, 2015 3:04pm Feb 11, 2015 3:04pm
Quoting Tim_isoara
{quote} Not initial deposit is in segregated accounts. All money are in segregated account. When you are in a trade money is in a pool. When not in a trade money is in a segregated accounts. No problem with money
Ok so it seems who just held money in their accounts or had profit trades in different CHF cross and different time of snb movement should not have any problem for take back full amount.
myfxbook: neoxis
  • #4,088
  • Feb 11, 2015 3:09pm Feb 11, 2015 3:09pm
Quoting neoxis
{quote} Ok so it seems who just held money in their accounts or had profit trades in different CHF cross and different time of snb movement should not have any problem for take back full amount.
No. All with positive accounts, no problem with money.
  • #4,089
  • Feb 11, 2015 3:26pm Feb 11, 2015 3:26pm
Quoting neoxis
{quote} Ok so it seems who just held money in their accounts or had profit trades in different CHF cross and different time of snb movement should not have any problem for take back full amount.
Dude, I hope you realise that Tim isoara knows exactly as much as you do.
He is just giving people exactly what they need to keep them calm.

Good job Tim isoara for keeping people positive. Keep feeding them BS(or maybe truth), it does the trick.
  • #4,090
  • Feb 11, 2015 3:58pm Feb 11, 2015 3:58pm
Quoting wantsomepips
{quote} Dude, I hope you realise that Tim isoara knows exactly as much as you do. He is just giving people exactly what they need to keep them calm. Good job Tim isoara for keeping people positive. Keep feeding them BS(or maybe truth), it does the trick.
No. That's reality. Read rules and laws.
And maybe, because I finish law school(but not in UK), it's an advantage.
  • #4,091
  • Feb 11, 2015 4:13pm Feb 11, 2015 4:13pm
Quoting wantsomepips
{quote} Dude, I hope you realise that Tim isoara knows exactly as much as you do. He is just giving people exactly what they need to keep them calm. Good job Tim isoara for keeping people positive. Keep feeding them BS(or maybe truth), it does the trick.
  • #4,092
  • Feb 11, 2015 6:16pm Feb 11, 2015 6:16pm
Quoting Forexia
The ONE mistake that KPMG has made is they shouldn't have allowed the founder to buy the intellectual property and the brand or at least should've extracted more to at least satisfy ALL the creditors. In a forex brokerage, the intellectual property and the brand is just as important as the monetary assets because it's a service type of company. In a service type of company like a software company, all there is is the intangibles. Once the intangibles is gone, the company is pretty much worthless. And once the company goes into receivership, ALL...
I agree.
I can't understand why KPMG do businesses with the owner, instead of taking legal action against him.
  • #4,093
  • Feb 11, 2015 6:31pm Feb 11, 2015 6:31pm
Quoting marcjfx
{quote} I agree. I can't understand why KPMG do businesses with the owner, instead of taking legal action against him.
  • #4,094
  • Feb 11, 2015 10:19pm Feb 11, 2015 10:19pm
Quoting Forexia
{quote} BUT they CAN'T. Client funds is NOT part of recoverable assets for sale!! It's spelled out specifically in the client funds guidelines by the FCA. No I don't think they can sell it per se but they are just locking it so no one can get any money out. Right now this is the biggest and probably the only asset left of Alpari. The founder of Alpari has already bought the intellectual property and the brand and he's already launched a new brand called Forex Time with it in Cyprus. http://forexmagnates.com/founder-of-...and-forextime/...
Wow, the way you described women shows what an inbred piece of shit you are. Keep it up your momma must be real proud of you asshole.
  • #4,095
  • Feb 11, 2015 10:48pm Feb 11, 2015 10:48pm
Quoting Forexia
The ONE mistake that KPMG has made is they shouldn't have allowed the founder to buy the intellectual property and the brand or at least should've extracted more to at least satisfy ALL the creditors. In a forex brokerage, the intellectual property and the brand is just as important as the monetary assets because it's a service type of company. In a service type of company like a software company, all there is is the intangibles. Once the intangibles is gone, the company is pretty much worthless. And once the company goes into receivership, ALL...
in some way , agreeable with you. spare-parts for sale .is it part of recovery to fully refund clients with positive balance or what
  • #4,096
  • Feb 11, 2015 11:53pm Feb 11, 2015 11:53pm
Please backup this
http://web.archive.org/web/201310211...direct_pro.pdf

For all alpari direct and alpari direct pro users.
  • #4,097
  • Edited 1:16am Feb 12, 2015 12:31am | Edited 1:16am
1) Open http://web.archive.org/web/201309130...ww.alpari.com/
2) Click Legal documents on the bottom go to http://web.archive.org/web/201306290...egal-documents
3) Again Open http://web.archive.org/web/201308121...www.alpari.com
4) Click Legal documents on the bottom go to http://web.archive.org/web/201306290...egal-documents

You will find the same location after click "Legal documents", which means the site has not change the pages under "Legal Documents" between 2013/8/12 and 2013/9/13, for I registered in this date range.

Then click "Customer Agreement" under "Alpari Direct Pro and Alpari Direct"
Backup the PDFs. You will have two PDFs with the same content.

I notice Alpari UK has changed the robots.txt under https://www.alpari.com/my/apply, I think maybe something will be hard to found later. So I do like this.
  • #4,098
  • Feb 12, 2015 12:44am Feb 12, 2015 12:44am
In the FAQs from KPMG, there is

"Q. What is the difference between retail and professional clients? A. Retail clients are primarily private individuals holding trading accounts with the Company; investments made by retail clients are afforded greater protection under the FCA regulations and will generally have a segregated claim against the client money pool. The majority of the Companys clients are classified as retail clients. Professional clients are individuals or entities that are considered to possess the experience, knowledge and expertise to make their own investment decisions and assess the risks inherent in those decisions. These clients are afforded less protection by the FCA and as a result may not receive segregated protection. Instead, these clients may be non-segregated and therefore have an unsecured creditor claim against the ordinary funds (the House Estate) of the Company. The classification of the claim will depend on the account documentation established between the Company and client. "

It is not clearly what "Professional clients" is defined. So it based on the user agreement.
  • #4,099
  • Feb 12, 2015 1:02am Feb 12, 2015 1:02am
Quoting TraderRaven7
{quote} Wow, the way you described women shows what an inbred piece of shit you are. Keep it up your momma must be real proud of you asshole.
LOL well it's a shame that it offended you. Feel free to ignore me.
Make your losses in demo. Earn your profits live.
  • #4,100
  • Feb 12, 2015 1:35am Feb 12, 2015 1:35am
hi gusy if we open www.alpari.co.uk then we will go into http://alpari-forex.com/.

1. what do you think?
2. whether there will be a relation to alpari russia
3. whether there is a possibility we will be taken there
2 traders viewing now