Alpari.co.uk Discussion | Page 248 | 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

  • #4,941
  • Mar 4, 2015 5:36am Mar 4, 2015 5:36am
Quoting Std-uk
strange enough, i haven't receive email from them yet. any idea?
have you had opened trades on 15-16 jan??? if yes , you are in the second group so you should to wait until end of march for receive an email from KPMG , instead in you just held cash without open position in these dates so you will receive an email within 6 march (the day after tomorrow).
myfxbook: neoxis
  • #4,942
  • Mar 4, 2015 5:45am Mar 4, 2015 5:45am
Thanks Neoxis.

I have some hedged positions by that time, which closed by Alpari, do you know where i should claim compensation for the loss? all position are long strategies and i hold them few months already.
  • #4,943
  • Mar 4, 2015 6:02am Mar 4, 2015 6:02am
Quoting Std-uk
Thanks Neoxis. I have some hedged positions by that time, which closed by Alpari, do you know where i should claim compensation for the loss? all position are long strategies and i hold them few months already.
Unfortunally, it will not be possible claim negative position for any reason cause is wrote in the terms condition in alpari uk website.
You can claim only that will remain in your balance after closed any position.

At this point, when you will receive a mail from kpmg for enter in the claim portal with all your details, you will be able to see your last amount in each of yours account and chose if you prefer put a claim with kpmg or fscs, but i suggest to wait until we will receive some rights info from fscs and when the whole investigation on funds end.
myfxbook: neoxis
  • #4,944
  • Mar 4, 2015 6:16am Mar 4, 2015 6:16am
Quoting jizzyjay
I phoned the FSCS again today. I was told they will pay 100% of your agreed balance in the portal up to 50K. They will be updating their website soon but this is taking some time as they have to get the wording 100% right which I totally understand. Personally im still waiting until I see or have this in writing but what I have written was confirmed over the phone.
What time will pay FSCS?
KPMG not pay 100%?
KPMG or FSCS will be quicker?
Our luck , you call to FSCS.
  • #4,945
  • Mar 4, 2015 6:46am Mar 4, 2015 6:46am
In case it may help anyone who had the same difficulty as I did:

If you log in and get to the page after the FSCS "yes" page and you place your name into the box but the website will not allow you to tick the "I accept....." box and then press "Confirm", its because you have not also downloaded the PDF by clicking on the "Terms & Conditions" link just above. Once you do this, the red stop sign that appears over the tick box and the Confirm box disappear and you can now click on both.

Hope this helps for those who had this issue.
  • #4,946
  • Mar 4, 2015 6:57am Mar 4, 2015 6:57am
What do u guys think about opening positions on that day ?

what happen with those positions, will they be closed @ TP or SL or what can KPMG suggest for those positions ?

THx
  • #4,947
  • Mar 4, 2015 7:00am Mar 4, 2015 7:00am
Quoting neoxis
{quote} Unfortunally, it will not be possible claim negative position for any reason cause is wrote in the terms condition in alpari uk website. ....
Please don't discourage people to claim whatever they deem appropriate.

We have discussed the question of the legality of their client agreement and calling in Force Majeure already in this thread and elsewhere.

If you take into account what the major shareholder of Alpari UK, Mr. Dashin, revealed in an interview published at
"http://forexmagnates.com/exclusive-alpari-uk-shut-year-ago-says-majority-owner/"
on Jan. 20th. 2015, then imho it really looks more like the SNB event was used by Alpari as a welcome excuse to close shop and get rid of their liabilities - they took the easy way out.

My clonclusion: the Client agreement is void and the insolvency was fabricated by the management.

I consider to take legal action regarding insolvency fraud.

I was forced to take a substantial loss as they closed my open trades (no swissy involved), and am not accepting this loss just because some know-it-all tells me i need to.

If we don't fight for our rights / our money, we have lost already.
If you claim nothing, you will get nothing.
We might still lose the fight, but wouldn't it feel better when looking in the mirror to be able to say to yourself "I did what i could ..."?
  • #4,948
  • Mar 4, 2015 7:07am Mar 4, 2015 7:07am
Quoting Mystique
{quote} Please don't discourage people to claim whatever they deem appropriate. We have discussed the question of the legality of their client agreement and calling in Force Majeure already in this thread and elsewhere. If you take into account what the major shareholder of Alpari UK, Mr. Dashin, revealed in an interview published at "http://forexmagnates.com/exclusive-alpari-uk-shut-year-ago-says-majority-owner/" on Jan. 20th. 2015, then imho it really looks more like the SNB event was used by Alpari as a welcome excuse to close shop and get rid...
I kind of agree with you.

They close all my positions which none of them involves Swisss......

They should not play with my money.

Thanks for everyone.
  • #4,949
  • Mar 4, 2015 7:19am Mar 4, 2015 7:19am
Dear All
Today, i had also received claim portal. Balance shown in statement is same what i left on 15 jan . No deduction shown in statement.I also did not open any position after Swiss debacle . After this if special administrator plays a role than i cant say any thing right now.
regards
  • #4,950
  • Edited 7:34am Mar 4, 2015 7:23am | Edited 7:34am
why not they just be straight and forward
i have 150k there
and time is valuable for me
the email already sent to some of clients is vague
it says to claim via fscs will be quickly
ok
but if you read on fscs website, you will find they are always assure that compensation scheme may take 6 months, and in some cases a year
well
forget all this trash and tell me about segregated accounts for clients
are we segregated? yes
so where is the money? no you can't take your money, you must vote and say you need all your money to get your money in full.
ok, what if I want to get them fast, regardless you will deduct some fees or not? no we can't confirm about specific time frame
ok, final question, why you just go and fuck yrself mother fucker? we can't confirm this too!!!!
  • #4,951
  • Mar 4, 2015 7:38am Mar 4, 2015 7:38am
I've no open positions on 15th january and have positive balance.
I haven't received any mail with portal claim access data.
If I will not received that mail until 12th march, I need to vote anyway. How I made the claim? If I don't vote and don't be able to confirm the claim, I will excluded from any payement?
Can someone clear my mind, since I don't have any response from kpmg.
Regards
  • #4,952
  • Mar 4, 2015 7:46am Mar 4, 2015 7:46am
Quoting Mystique
{quote} Please don't discourage people to claim whatever they deem appropriate. We have discussed the question of the legality of their client agreement and calling in Force Majeure already in this thread and elsewhere. If you take into account what the major shareholder of Alpari UK, Mr. Dashin, revealed in an interview published at "http://forexmagnates.com/exclusive-alpari-uk-shut-year-ago-says-majority-owner/" on Jan. 20th. 2015, then imho it really looks more like the SNB event was used by Alpari as a welcome excuse to close shop and get rid...
I also think that the shareholder committed insolvency fraud and I will file a criminal charge in Germany.
  • #4,953
  • Mar 4, 2015 7:51am Mar 4, 2015 7:51am
Quoting MissV
{quote} I also think that the shareholder committed insolvency fraud and I will file a criminal charge in Germany.
dear MissV,
may I ask how much money you have stuck in Alapri?
Thx 4 answer.
P.S. I have 32K eur
Per aspera ad astra
  • #4,954
  • Mar 4, 2015 7:59am Mar 4, 2015 7:59am
Quoting tayette
{quote} dear MissV, may I ask how much money you have stuck in Alapri? Thx 4 answer. P.S. I have 32K eur
tayette are you slovenian so you can talk italian?
myfxbook: neoxis
  • #4,955
  • Mar 4, 2015 8:05am Mar 4, 2015 8:05am
Quoting neoxis
{quote} tayette are you slovenian so you can talk italian?
Slovene, yes. We are neighbour of Italy.
I speak slovene (ofcourse ), german, english, serbian,
and maybe some day spanian, when I will find some litlle time to learn it.
Sorry, no Italian ...
Per aspera ad astra
  • #4,956
  • Mar 4, 2015 8:06am Mar 4, 2015 8:06am
Quoting WayToGo
why not they just be straight and forward i have 150k there and time is valuable for me the email already sent to some of clients is vague it says to claim via fscs will be quickly ok but if you read on fscs website, you will find they are always assure that compensation scheme may take 6 months, and in some cases a year well forget all this trash and tell me about segregated accounts for clients are we segregated? yes so where is the money? no you can't take your money, you must vote and say you need all your money to get your money in full. ok,...
you right 100%
  • #4,957
  • Mar 4, 2015 8:07am Mar 4, 2015 8:07am
Quoting WayToGo
why not they just be straight and forward i have 150k there and time is valuable for me the email already sent to some of clients is vague it says to claim via fscs will be quickly ok but if you read on fscs website, you will find they are always assure that compensation scheme may take 6 months, and in some cases a year well forget all this trash and tell me about segregated accounts for clients are we segregated? yes so where is the money? no you can't take your money, you must vote and say you need all your money to get your money in full. ok,...
I agree with you except the last question.

Yes, what does segregated client money really mean?
If a company protected by FSCS does not use segregated client money pool, clients still could get money back up to 50k.
So why not just never told clients that our money are segregated, because it does not help anyway.
  • #4,958
  • Mar 4, 2015 8:46am Mar 4, 2015 8:46am
To all.
Is there anybody who traded on 15.1. on eurchf of some other chf currency, and has final account balance Minus ?
Did KPMG sent any mail ?
Anyone?
Just asking, since we all here have some plus balance...
Per aspera ad astra
  • #4,959
  • Mar 4, 2015 9:00am Mar 4, 2015 9:00am
hi guys
News on FSCS website available,please check
  • #4,960
  • Mar 4, 2015 9:02am Mar 4, 2015 9:02am
Clients of Alpari (UK) can agree account balances on the Joint Special Administrator's Claims Portal
4th March 2015
The Financial Services Compensation Scheme (FSCS) has investigated the nature of Alpari (UK) Limited’s business and has concluded that valid protected claims are likely to arise. As a result, we have been working with the Joint Special Administrator’s (JSAs) to confirm how our claims’ process will dovetail with theirs.

The Joint Special Administrators of Alpari (UK) Limited are currently contacting the majority of clients who held only cash balances on all of their accounts as at 9:00 GMT 15 January 2015 and who entered no subsequent trades. These clients are currently being invited to agree their account balance(s) and submit a claim to the JSAs. Clients will be emailed by the JSAs to confirm they are able to access the JSA Claims Portal and an update will be provided on www.kpmg.com/uk/alpari.

The claim agreement process will be carried out via the dedicated JSA online Claims Portal. If you wish to make a separate claim for compensation to FSCS, please indicate your intention on the JSA Claims Portal. FSCS will pay valid claims on the basis of account balances agreed on the JSA claims portal. Any acceptance by you of FSCS compensation will result in your entire claim to the JSAs being transferred to FSCS and FSCS will receive any future JSA dividend that would otherwise have been paid to you. However, you may be entitled to some or all of those dividends if your claim is in excess of FSCS’s compensation limit of £50,000. Once the JSAs have notified us of your intention to make a claim to FSCS for compensation, we will contact you.

We will publish an update with more information in due course.
2 traders viewing now