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  • #4,641
  • Feb 27, 2015 1:46am Feb 27, 2015 1:46am
Quoting mmx007
{quote} Thank you. I have found it. I have another question, how much could I get back since I have open position after 15th, January? I only trade eurusd in those days and they closed my position on 16th, January. In the proposals, I read like that they will not send the money back unless the client agree with the amount of money as they calculate. So how much is it? If I don't know how much is it how could I agree with the proposals? Or If I know the amount exactly I am sure I will vote "For" for the proposals. It seems not clear so I am afraid...
1. Q : After all the trades (+ or - and regardless the currency (eurusd or euraud or eurchf)) were closed down (and all trades were closed down on 16.1. late afternoon the latest), you have your balance, your final balance, and that is what you claim for (if it is positive ofcourse).
If you have negative final balance, they will ask you too bring money back.
This is only my logical opinion and as much I read, it such be also a legal one by kpmg.

And I am in the same situation, I did have open trades on eurgbp, which were by alpari closed down and not by me (minus 4K!!!) and 2 days later they would be plus 2000, but there is nothing I can do about it...my final balance is what I have claimed for.


2. Q: see page 230 post 4588 from papamax , it is written in english for non-english (I am from slovenia, europe)
After you send your claim (Retail Client Statement of Claim) you have to do that on your own, do not wait for kpmg to send you something by mail, maybe they stil will, but as much as I read, they will not, because you were trading on 15., 16.01., so you have to do that by you.
Also do not forget to add some proof of your balance on trading account, like Daily statement you get by email from alpari, last were send 16.1.2015, or maybe RepotHistory if you have it from MT5, or something what is proof of your balance, final balance on 16.01.2015.

And and if you wish to vote, send also proxy (Retail client Proxy) also see page 230 post 4588 from papamax

I hope I help.
Per aspera ad astra
  • #4,642
  • Feb 27, 2015 1:51am Feb 27, 2015 1:51am
Quoting Spekulant
{quote} I would go with papamax opinion. As a Trader who had open positions I have to send my claims to alpari/KPMG until the deadline..... If everything is alright - submit the claim to alpari/KPMG - wait ...I would guess it is the faster way now. With FSCS it would take longer. Cheers! ;-)
Hi! Why do you have to send your claims? now i am again puzzled... it says:

Accordingly, if you:
(1) did not hold open positions over the 15 and 16 January 2015, you may wish to refrain from submitting a Statement of Claim by email immediately and wait to use the Claims Portal instead. Submitting your claim once through the Claims Portal will be more efficient and ensure your claim is simultaneously recorded for voting and dividend purposes. Please note, if you agree your claim in the Claims Portal this will supersede any Statement of Claim you may have previously submitted; or
(2) did hold open positions over the 15th and 16th of January 2015, you will not be eligible to use the Claims Portal at this time. Please submit your Statement of Claim as soon as is convenient, and in any case before 12 noon, 11 March 2015, if you wish to vote at the Creditor and Client meeting.

from my view i don't have to send anything if i do not wish to vote. do i have that right? in any case i will wait until Claims Portal to do any action which is on 6th March so i have more than enough time so send anything if needed. My closed trades were almost at b/e so i don't care. As for KPMG fee, i don't like the idea that they will(if) charge it from Clients pool, but as long that is is 5% i rather do that than delay the procedure more. I want to end this.
less is more
  • #4,643
  • Feb 27, 2015 2:03am Feb 27, 2015 2:03am
Quoting papamax
{quote} Not necessary! Email is enough
Thx 4 answer. I think like you too
And thx again with your guide, it realy helped a LOT. I think I can say that in the name of all of us here....
BR.
Per aspera ad astra
  • #4,644
  • Feb 27, 2015 2:11am Feb 27, 2015 2:11am
Why not everyone received the notice to have the right to login the Claims Portal? I've the access now, but my mate still doesn't receive the email. Instead, she only received the email heading "Alpari (UK) Limited (in special administration): Proposals".

Any suggestions?
  • #4,645
  • Feb 27, 2015 2:14am Feb 27, 2015 2:14am
Quoting tayette
{quote} 1. Q : After all the trades (+ or - and regardless the currency (eurusd or euraud or eurchf)) were closed down (and all trades were closed down on 16.1. late afternoon the latest), you have your balance, your final balance, and that is what you claim for (if it is positive ofcourse). If you have negative final balance, they will ask you too bring money back. This is only my logical opinion and as much I read, it such be also a legal one by kpmg. And I am in the same situation, I did have open trades on eurgbp, which were by alpari closed...
Thank you.
  • #4,646
  • Feb 27, 2015 2:15am Feb 27, 2015 2:15am
Quoting mejo
{quote} Hi! Why do you have to send your claims? now i am again puzzled... it says: Accordingly, if you: (1) did not hold open positions over the 15 and 16 January 2015, you may wish to refrain from submitting a Statement of Claim by email immediately and wait to use the Claims Portal instead. Submitting your claim once through the Claims Portal will be more efficient and ensure your claim is simultaneously recorded for voting and dividend purposes. Please note, if you agree your claim in the Claims Portal this will supersede any Statement of Claim...
Unless you want to vote you don't have to send anything! If you don't wanna vote just wait and you will be contacted by KPMG in the coming days or weeks with access to the Claims portal
  • #4,647
  • Feb 27, 2015 2:22am Feb 27, 2015 2:22am
Quoting mejo
{quote} Hi! Why do you have to send your claims? now i am again puzzled... it says: Accordingly, if you: (1) did not hold open positions over the 15 and 16 January 2015, you may wish to refrain from submitting a Statement of Claim by email immediately and wait to use the Claims Portal instead. Submitting your claim once through the Claims Portal will be more efficient and ensure your claim is simultaneously recorded for voting and dividend purposes. Please note, if you agree your claim in the Claims Portal this will supersede any Statement of Claim...
Yes I am puzzled too. If I don't vote, it doesn't mean I give up my right for my money.
  • #4,648
  • Feb 27, 2015 2:23am Feb 27, 2015 2:23am
Quoting papamax
{quote} Unless you want to vote you don't have to send anything! If you don't wanna vote just wait and you will be contacted by KPMG in the coming days or weeks with access to the Claims portal
thanks man...i have been away from this thread for a day and i acted impulsive. I read a few pages back and i see all your quality posts so thanks for all the help. i have 2 account. one had no trade one had them on 15,16 jan. i am now considering to vote also with both account, because i agree with your arguments about resolutions and what to choose. anyway i will see how this Claims Portal looks like and i have enough time to send the document than. right?

thanks
less is more
  • #4,649
  • Feb 27, 2015 2:37am Feb 27, 2015 2:37am
Quoting mejo
{quote} thanks man...i have been away from this thread for a day and i acted impulsive. I read a few pages back and i see all your quality posts so thanks for all the help. i have 2 account. one had no trade one had them on 15,16 jan. i am now considering to vote also with both account, because i agree with your arguments about resolutions and what to choose. anyway i will see how this Claims Portal looks like and i have enough time to send the document than. right? thanks
Yes, you should if you are on the group that will get access to it first. They said 6th of March they would make the portal available to the first group and you have until the 11th of March to send the documents for voting.

As for having 2 accounts, I am pretty sure that they would be count as 1 if they are UNDER the same myAlpari. They are 2 sub-accounts hence this on the claim form http://screencast.com/t/crfhnRNr

So if I had positions open on one of the sub-accounts I wouldn't be expecting to be contacted in this first phase
  • #4,650
  • Feb 27, 2015 3:03am Feb 27, 2015 3:03am
Quoting mmx007
{quote} Yes I am puzzled too. If I don't vote, it doesn't mean I give up my right for my money.
To VOTE is about kpmg proposal, from where their fee, costs of administration should be taken (money pool of clients or creditors or....) and there is NO influence on your right on your money.

The only difference will be maybe in final amout of your money at the end (your balance in your trading account), if we/you as clients have to pay for their fees, costs, etc, and this will be than calculated out of each client balance!
If You vote than you say your wish, mind...and maybe at the end will happen like you voted or maybe not if too many other voting people think otherwise.
If You do not vote, than others people votening wish will be considered.
This is my logical opinion.

But you must fulfill and send your Claim to kpmg before 12 noon, 11 March 2015, because you were trading on 15.,16.01., and kpmg will send emails only to those who were not trading!!
If you do not do that, if you do not send this claim to kpmg, then you will lose your right to your money. So I think.
But maybe kpmg will on day in end march, april, send you also an email how to log on this Portal to claim your money, because they do have you or should have you as a client in alpari database, BUT I WOULD NOT WAIT FOR THAT, DO IT YOURSELF, SEND THE CLAIM to kpmg.
This is every possible thing you can do at this moment. Send claim, and if you wish to vote than send proxy.
So I think.
Per aspera ad astra
  • #4,651
  • Feb 27, 2015 3:04am Feb 27, 2015 3:04am
Quoting papamax
{quote} Yes, you should if you are on the group that will get access to it first. They said 6th of March they would make the portal available to the first group and you have until the 11th of March to send the documents for voting. As for having 2 accounts, I am pretty sure that they would be count as 1 if they are UNDER the same myAlpari. They are 2 sub-accounts hence this on the claim form http://screencast.com/t/crfhnRNr So if I had positions open on one of the sub-accounts I wouldn't be expecting to be contacted in this first phase...
i have both accounts under the same e-mail. what do you mean under the same myAlpari?

thanks
less is more
  • #4,652
  • Feb 27, 2015 3:23am Feb 27, 2015 3:23am
Quoting Forexia
{quote} Yeah making the government pick up the tab while making more money available for the creditors. Nice going. I guess if you read it carefully, it just says your money is segregated from the company funds it didn't really say it would be accessible or withdrawable in the event of insolvency. We just all assumed that our client funds, since it's safe, being segregated would be available to us but no, you actually have to PAY to get your own money back.
do you think I have not read that the funds are segregated?

I think maybe you should read it again, before talking trash.

it says that if you claim your money from the fscs, the fscs will then assume your debt, and the fscs will get any payout from alpari to cover the amount that they gave you.

The government compensation scheme isn't just handing money over for nothing.


Secondly the creditor cannot claim money from the segregated pool, so why the heck are you talking about creditors? The creditors are people who gave the alpari money for it to run its operation. Nothing to do with the clients, except that the cost of retrieving the money might be shared. I don't care what the creditors get if I get my full amount back.

i have no idea what you are talking about, moreover I don't think you have any idea what you are talking about either.
  • #4,653
  • Feb 27, 2015 3:26am Feb 27, 2015 3:26am
Quoting tayette
{quote} To VOTE is about kpmg proposal, from where their fee, costs of administration should be taken (money pool of clients or creditors or....) and there is NO influence on your right on your money. The only difference will be maybe in final amout of your money at the end (your balance in your trading account), if we/you as clients have to pay for their fees, costs, etc, and this will be than calculated out of each client balance! If You vote than you say your wish, mind...and maybe at the end will happen like you voted or maybe not if too many...
Thank you very much for your advice.
  • #4,654
  • Feb 27, 2015 3:28am Feb 27, 2015 3:28am
Quoting mmx007
{quote} Thank you very much for your advice.
Glad to help.
Per aspera ad astra
  • #4,655
  • Feb 27, 2015 3:29am Feb 27, 2015 3:29am
On 15.1.2015, I had pending orders which were never executed and cancelled on 15.1.2015 ,15:00 P.M. Does that count as I would have open trades on that day or not?
Regards
  • #4,656
  • Feb 27, 2015 3:31am Feb 27, 2015 3:31am
Quoting Forexia
{quote} Yeah making the government pick up the tab while making more money available for the creditors. Nice going. I guess if you read it carefully, it just says your money is segregated from the company funds it didn't really say it would be accessible or withdrawable in the event of insolvency. We just all assumed that our client funds, since it's safe, being segregated would be available to us but no, you actually have to PAY to get your own money back.
You keep the habit of coming here and vomiting your non-sense all over the thread! Next time go throw up in the toilet instead of here, you would be doing us a huge favour!
  • #4,657
  • Feb 27, 2015 3:33am Feb 27, 2015 3:33am
Quoting papamax
{quote} You keep the habit of coming here and vomitting your non-sense all over the thread! Next time go throw up in the toilet instead of here, you would be doing us a huge favour!
FINALY MY MIND IS WRITTEN BY SOMEONE ELSE. AGAIN.
Per aspera ad astra
  • #4,658
  • Feb 27, 2015 3:40am Feb 27, 2015 3:40am
Quoting mejo
{quote} i have both accounts under the same e-mail. what do you mean under the same myAlpari? thanks
myAlpari was the system alpari had for us to login... what I mean is you had 1 login on the alpari website for both sub-accounts. If they are both under the same email then yes, they were subaccounts.
  • #4,659
  • Feb 27, 2015 3:48am Feb 27, 2015 3:48am
Quoting verv
{quote} do you think I have not read that the funds are segregated? I think maybe you should read it again, before talking trash. it says that if you claim your money from the fscs, the fscs will then assume your debt, and the fscs will get any payout from alpari to cover the amount that they gave you. The government compensation scheme isn't just handing money over for nothing. Secondly the creditor cannot claim money from the segregated pool, so why the heck are you talking about creditors? The creditors are people who gave the alpari money for...
I think you need to read people's statements and try to understand them before posting. You would troll better that way.
Make your losses in demo. Earn your profits live.
  • #4,660
  • Feb 27, 2015 3:50am Feb 27, 2015 3:50am
I'm kinda glad I had no open positions at the last moment in the last day...
I've got the right to access the Claims Portal too.
Anyone already chosen to file claim to FSCS or the company? Is it really faster as said in previous posts by others?
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