Disliked{quote} I think it does not matter how your money was deposited! If you agreed your balance, the FSCS will receive the amount(figure) of money you are owed. And I think we have than to send them the target account or something like that.... Cheers! ;-)Ignored
- #5,242
- Mar 16, 2015 10:42pm Mar 16, 2015 10:42pm
Thought i would just update everyone what i did. I had 10k at Alpari UK and i read in earlier in the forum that people were submitting claims on their credit card.
My situation may be slightly different to others.
I funded my account and never placed a trade as i went on holiday soon after. So i had 0 trades.
I funded my account on my credit card back in December! I called my bank and told them the situation, i had to fill in some paperwork and provide evidence that the firm is insolvent (wasn't hard screenshot of their website and KPMG details). Also provided them my alpari uk statement.
Bank refunded via a chargeback the full balance! I told them, that if i receive any money from the claim, i will notify them to deduct that amount from my account.
Hope this helps some of the other affected users.
tleast the pressure of getting the funds back is reduced
My situation may be slightly different to others.
I funded my account and never placed a trade as i went on holiday soon after. So i had 0 trades.
I funded my account on my credit card back in December! I called my bank and told them the situation, i had to fill in some paperwork and provide evidence that the firm is insolvent (wasn't hard screenshot of their website and KPMG details). Also provided them my alpari uk statement.
Bank refunded via a chargeback the full balance! I told them, that if i receive any money from the claim, i will notify them to deduct that amount from my account.
Hope this helps some of the other affected users.
tleast the pressure of getting the funds back is reduced
The FSCS tries to resolve all claims against Investment firms, Insurance Brokers, and Mortgage Brokers within six months of receipt of your correctly completed Claim Application Form, or within six months of the company being declared in default (whichever is later).
http://www.fscs.org.uk/your-claim/ho...-will-it-take/
I just read this info on FSCS website. As I see, the farthest date on which we would get our money should be 6-month + the date when Alpari went into Default which is 19th Jan. Therefore we have 4 months maximum to go? Correct me if I am wrong.
The other thing is that I really prefer to accept the payment via wire transfer rather than wait on a sheet of cheque by post. In my country it will take further 2 months to have the money in my account as my local bank needs to send the cheque back to the publisher bank in UK to get funded, which is troubling and annoying. Does anyone has idea about the way of payment by FSCS? Is that possible to negotiate with it to use the other way for payment as I am willing to pay the wire transfer fee?
- #5,250
- Mar 17, 2015 5:46am Mar 17, 2015 5:46am
If you select "No", you will need to confirm or provide your bank account details and, if necessary, supporting documents on this Claims Portal so that the Joint Special Administrators can, in due course, make payments to you in respect of your claims. it means if we choose kpmg they will fund with wire transfer??? also can anyone know how long it will be take from kpmg to refund our money???
yes, they will pay via wire, 2 days from today... 
