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Alpari.co.uk Discussion

  • #4,341
  • Feb 23, 2015 5:59am Feb 23, 2015 5:59am
Quoting WayToGo
Guys Please I have a question its very important for me I had 5 trading accounts with alpari uk Under my company name its from retail clients not professional When alpari closed, some of them had trades, and others no trades the question is: will they send me partial of my money on the 1st phase or they will wait for all accounts to be analyzed? your answer is really appreciated.
As far as im aware if your accounts were under your company name you are not a retail client.
To open an account in your company name you would of had to open a corporate account with alpari.
I know this as I was going to open an account with my company name.
Im glad I didn't.
  • #4,342
  • Feb 23, 2015 6:32am Feb 23, 2015 6:32am
Quoting jizzyjay
{quote} As far as im aware if your accounts were under your company name you are not a retail client. To open an account in your company name you would of had to open a corporate account with alpari. I know this as I was going to open an account with my company name. Im glad I didn't.
No i am from retail clients I am assure from this point but need answer for my question
  • #4,343
  • Feb 23, 2015 6:34am Feb 23, 2015 6:34am
Alpari Japan to shut down MT4, Alpari Direct

http://leaprate.com/2015/02/alpari-j...alpari-direct/
  • #4,344
  • Feb 23, 2015 6:54am Feb 23, 2015 6:54am
Quoting mazzara
Are you sure? Where did you get this information? {quote}
From the email I got today by Leaprate.
  • #4,345
  • Edited 7:43am Feb 23, 2015 7:17am | Edited 7:43am
Quoting WayToGo
{quote} No i am from retail clients I am assure from this point but need answer for my question
Dude, you need to check the kpmg website?It's been a couple of days since they released the statement.
It basically states anyone who did not trade after 9am gmt on 15th will be eligible to claim using the portal.

For anyone who was involved in any trades or had open positions after 9am gmt on 15th will
have to wait atleast till the end of march.However,those with complex trades according to kpmg
will have to wait longer.


https://www.insolvency-kpmg.co.uk/ca...F119D1101.html

Please read the statement released on the 20th of Feb.
  • #4,346
  • Feb 23, 2015 7:24am Feb 23, 2015 7:24am
Quoting WayToGo
Guys Please I have a question its very important for me I had 5 trading accounts with alpari uk Under my company name its from retail clients not professional When alpari closed, some of them had trades, and others no trades the question is: will they send me partial of my money on the 1st phase or they will wait for all accounts to be analyzed? your answer is really appreciated.
If all the 5 accounts are under the same company my guess is you would be you'd have to wait longer if you open trades after the 15th on any of the accounts. Reason for that is they will want to be sure the trades you took after that day didn't cause one of the accounts to go negative.

Were all the 5 accounts under the same myAlpari? Or you had 5 different myAlpari's?
  • #4,347
  • Feb 23, 2015 8:05am Feb 23, 2015 8:05am
FROM ADMINISTRATORS
The Joint Special Administrators’ proposals will set out, amongst other things, the known assets and liabilities of the entity, the Special Administrators’ strategy for achieving the objective of the administration, details of the progress made to date and whether a creditors’ meeting is proposed to be held.
  • #4,348
  • Feb 23, 2015 8:23am Feb 23, 2015 8:23am
Quoting papamax
{quote} If all the 5 accounts are under the same company my guess is you would be you'd have to wait longer if you open trades after the 15th on any of the accounts. Reason for that is they will want to be sure the trades you took after that day didn't cause one of the accounts to go negative. Were all the 5 accounts under the same myAlpari? Or you had 5 different myAlpari's?
Yes all the 5 accounts under the same myalpari
  • #4,349
  • Feb 23, 2015 8:28am Feb 23, 2015 8:28am
Quoting WayToGo
{quote} Yes all the 5 accounts under the same myalpari

So it really is 1 account with 5 sub accounts. You will have to wait if you had trades open after the 15th 9am.
  • #4,350
  • Feb 23, 2015 8:38am Feb 23, 2015 8:38am
Quoting papamax
{quote} If all the 5 accounts are under the same company my guess is you would be you'd have to wait longer if you open trades after the 15th on any of the accounts. Reason for that is they will want to be sure the trades you took after that day didn't cause one of the accounts to go negative. Were all the 5 accounts under the same myAlpari? Or you had 5 different myAlpari's?
I thought maybe someone has an answer
  • #4,351
  • Feb 23, 2015 8:44am Feb 23, 2015 8:44am
Quoting WayToGo
{quote} I thought maybe someone has an answer
KPMG will have the answer. Depends on them.
  • #4,352
  • Feb 24, 2015 2:13am Feb 24, 2015 2:13am
To those more distracted, a little reminder of the dates with scheduled events:

Today:
The Joint Special Administrators proposals will be available on this website from Tuesday 24 February 2015. Clients and creditors of the Company will be contacted once the proposals are available.
(website: https://www.insolvency-kpmg.co.uk/ca...F119D1101.html)

6 March:
It is envisaged that the Claims Portal will be available for the first tranche of clients to agree the balances of their accounts by 6 March 2015. As previously communicated, the first clients who will be able to agree their balances on the Claims Portal will be those who held cash balances as at 9.00 GMT on Thursday 15 January 2015 and entered no subsequent trades. Clients will receive an email from the Joint Special Administrators once the Claims Portal is available to them. The email will include full details of how to access the Claims Portal. There will also be a list of frequently asked questions published on this website.

12 March:
The clients and creditors meeting will be held on 12 March 2015 at 11.00am in London. Full details, including the actions clients and creditors need to take in order to attend and vote, will be included within the proposals.

Late March:
While unable to give any definitive timelines, the Joint Special Administrators currently expect to be able to release the first batches of statements to clients who held open positions on the 15th and 16th of January 2015 by late March. Claim agreement will then proceed as detailed in sections Claims Portal Clients with a claim into the CMP and/or Claims Creditors above.
  • #4,353
  • Feb 24, 2015 3:48am Feb 24, 2015 3:48am
Today is the day!
myfxbook: neoxis
  • #4,354
  • Feb 24, 2015 3:59am Feb 24, 2015 3:59am
Finally, hope we can get our money back within 2-3 months
  • #4,355
  • Feb 24, 2015 4:24am Feb 24, 2015 4:24am
Quoting neoxis
Today is the day!
  • #4,356
  • Feb 24, 2015 8:21am Feb 24, 2015 8:21am
Any news regarding the proposal from kpmg?
  • #4,357
  • Feb 24, 2015 8:36am Feb 24, 2015 8:36am
Quoting TraderRaven7
Any news regarding the proposal from kpmg?
check the website. I think we will know in around 1-2 hours.
myfxbook: neoxis
  • #4,358
  • Feb 24, 2015 8:44am Feb 24, 2015 8:44am
Can't wait , I guess the worst thing is to be told you only have 50% of your money
  • #4,359
  • Feb 24, 2015 8:54am Feb 24, 2015 8:54am
Has anyone received any instructions about how to access the claims portal.I guess
only those who did not enter any trades after 9pm gmt on 15 jan will receive the
email for now.
  • #4,360
  • Feb 24, 2015 8:55am Feb 24, 2015 8:55am
Quoting neoxis
Today is the day!
I am looking forward to good news...
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