I was in a tiny CHF trade with Alpari on the morning of the 15th of January. A long-standing stop loss was triggered by an initial downward move, leaving me with a small loss of a few Pounds Sterling. KPMG intimate they are looking at valuations on those trades that were live when the CHF situation developed. How likely is it that they might dispute the efficacy of the stop that was triggered and suggest my loss should be greater than the one which showed on my end of day statement?
The JSAs are currently analysing the treatment of CHF positions which were closed out on January 15. However, we believe it is unlikely that they will dispute the efficacy of the stop that was triggered.
The good bit is if you were stopped out at a good price the price of stop loss is unlikely to be challenged according to this guy.
Nothing is confirmed though.
I chose to not claim via KPMG,so I'm expecting email from FSCS ,does anyone know what email they use to contact you, I want to filter that address other way it may end up in spam.
http://forexmagnates.com/insolvency-...nts-questions/ I was in a tiny CHF trade with Alpari on the morning of the 15th of January. A long-standing stop loss was triggered by an initial downward move, leaving me with a small loss of a few Pounds Sterling. KPMG intimate they are looking at valuations on those trades that were live when the CHF situation developed. How likely is it that they might dispute the efficacy of the stop that was triggered and suggest my loss should be greater than the one...
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It sounds good but if they are unlikely to dispute anything what are they even analysing?
{quote} It sounds good but if they are unlikely to dispute anything what are they even analysing?
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I guess it could be cases where stop losses were not triggered( I mean massive slippages) and the closing prices for the same.
But this would then imply that the end result will mostly be positive in some way for everyone affected negatively.I mean lower
losses.
But all this is my assumption based on the guys opinion.
{quote} I guess it could be cases where stop losses were not triggered( I mean massive slippages) and the closing prices for the same. But this would then imply that the end result will mostly be positive in some way for everyone affected negatively.I mean lower losses. But all this is my assumption based on the guys opinion.
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Why do you think the end result might be positive? Because they will not lower the stops even more or they will quote higher than they did initially?
{quote} Why do you think the end result might be positive? Because they will not lower the stops even more or they will quote higher than they did initially?
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Dude if you check my post above ,my opinion is based on the article whose link I have given.The guys says it's unlikely stops that have been triggered will be
requoted.
Me and 5 of my friends still received no login to the claimsportal. All accounts were positive, had no trades open and had no pending orders! If we try to login with our myalpari login it says:The Joint Special Administrators have not yet finalised your account balance(s). You will receive an email when you are able to access the Claims Portal.
Me and 5 of my friends still received no login to the claimsportal. All accounts were positive, had no trades open and had no pending orders! If we try to login with our myalpari login it says:The Joint Special Administrators have not yet finalised your account balance(s). You will receive an email when you are able to access the Claims Portal.
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Send an email to kpmg support email. They will let you enter.
i don't understand all this desperation from you. For just receive an email. Try to login everyday and don't wait any email..i made like this.
You are afraid to not receive your money??? really???
But whether mf global customers were paid!!!! from a fraud hole of over 700 mln in the clients accounts!!! TOTALLY ANOTHER STORY.
in alpari money are there there is an hole in the COMPANY account of around 30 mln $ (nothing reguard fscs).
fscs said we are protected from this issue even if is not necessary cause money are there but maybe they want apply for make the refund more fast for the most of alpari users.
The process is followed on the same company kpmg than followed the entire process of mf global ( with the entire hole in the clients fund and not few millions.)
and after 1-2 years mf global clients received all money up to limit with fscs.
In the meeting kpmg already said it will not require 1 year for have ours funds back.
I REALLY DON'T UNDERSTAND YOUR DESPERATION FOR A DEADLINE. Wake up we are over 100k customers and of these surely 5 or 10k had some positions opened in 15-16 jan.
So a lot of people. The support need to check every person before to confirm if they check around 100-200 people everyday with 3-4 employeers. so need time for fix every account.
And anyway there is nothing to be worried no one can take away your money. Especially if you chose fscs.
Just need to wait when it's your turn.
Instead to be worried and put your frustration in here. SEND AN EMAIL TO KPMG IF YOU THINK YOUR SITUATION SHOULD ALREADY BE SOLVED.
Let's face it: the insolvency procedure in a "developed" country like the UK, is a mafia-type procedure.
They forced us to claim from the FSCS, a much slower procedure than a bank wire from KPMG, by scaring us that we could loose our money if we claimed from them.
Add to that the fact that 90% of us could have taken our money from the MyAlpari portal a few days after the crash, and you get the picture of how "developed" countries deal with insolvencies..
Never again UK for me
Let's face it: the insolvency procedure in a "developed" country like the UK, is a mafia-type procedure. They forced us to claim from the FSCS, a much slower procedure than a bank wire from KPMG, by scaring us that we could loose our money if we claimed from them. Add to that the fact that 90% of us could have taken our money from the MyAlpari portal a few days after the crash, and you get the picture of how "developed" countries deal with insolvencies.. Never again UK for me
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-.- we will see if fscs will be slower. You are totally not informed on this process. I followed others process too about others brokers and read all steps.
And this is not a grave situation. Anyway i'm likely sure fscs will be more faster in this single case.
Oh you prefer Cysec? you are just protected by up 20k € not 70k € like fscs and you should follow the process with cysec.
Oh asic? totally stupid regulation without any guarantee about your money.
I'm from italy not a 3th country in the world. You want to know the organic than protect us? their name is consob , you know what they say if a company under them goes bust? they will say ok you will take 20% now and you should follow the process for the other 80%. SO maybe years for have back 80%??? or less?
NFA will guarantee you money not in any case and for sure is much slower than uk.
So if you know another more efficent i would like to know it.
