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Alpari.co.uk Discussion

  • #5,501
  • Mar 27, 2015 9:21am Mar 27, 2015 9:21am
Quoting default
hello... is etx market makers or ecn ?? I want my money back.... fscs i am talking to you... i feel like i am beggin for my money.... and for some reason they think they know better than me... where my money should be.... UPDATE, the best place for my money is my account... not another broker.... my personal account.... @my bank
This is just a 3th opportunity for speed up the process for who want take back money or work again.

Who want continue with fscs/kpmg process can do it.

This is just a further opportunity for creditor for have back money and for clients for start to trade again soon or whatever withdraw fund from their new account on etx.

So don't understand your worry..you just had another way just that.
myfxbook: neoxis
  • #5,502
  • Edited 9:42am Mar 27, 2015 9:29am | Edited 9:42am
Hmmm sometimes i feel some people who chat here are not real.... like they do this with hidden agendas... conspiracy theory... i dont know, not sure... i will find out... lol jajajajajja....
Neoxis dude. are they market makers or ecn, looked into their website... could not find it
  • #5,503
  • Mar 27, 2015 9:39am Mar 27, 2015 9:39am
Quoting default
Hmmm sometimes i feel some people who chat here are real.... like they do this with hidden agendas... conspiracy theory... i dont know, not sure... i will find out... lol jajajajajja.... Neoxis dude. are they market makers of ecn, looked into their website... could not find it
Market maker.
myfxbook: neoxis
  • #5,504
  • Edited 10:57am Mar 27, 2015 9:49am | Edited 10:57am
As primarily a spread better, but who also offers CFD's and forex, they are a market maker.

But like I said previously, I traded with them for 2 years without a single issue.

I used to think ECN was better, but a good honest market maker provides much the same service.

Edit - so was just looking at the website, specifically regarding the offer made by ETXCAP to Alpari, and I didn't know this but ETX also appear to offer ECN accounts here: http://www.etxcapitalgroup.com/high-net/currenex.aspx

But I think this is for institutional clients rather than retail, and I don't know how that works with the FCA guarantee.
  • #5,505
  • Mar 27, 2015 10:49am Mar 27, 2015 10:49am
from leaprate.

i just got this reply
Dear Ms Rogers,
Thank you for your email.
We are sorry to hear that you have funds caught up in this process.
We understand that the time scale for the return of your funds is one of the most important questions for you. At present this information will need to be obtained directly from KPMG, we are currently offering the facility for you to transfer your frozen funds expected back from the FSCS directly into your ETX Capital account. We will then take over the liquidation process so that you are no longer required to do this.
Should you wish you can transfer your outstanding Alpari balance to us by clicking the ‘Yes, transfer my funds’ button on the email you will receive on 30 March 2015.
Should you have any further enquiries please do not hesitate to contact us or visit our FAQ's pagehttp://www.etxcapital.co.uk/we...
myfxbook: neoxis
  • #5,506
  • Mar 27, 2015 11:11am Mar 27, 2015 11:11am
Brokers are honest or not. Not market makers and ECN.
  • #5,507
  • Mar 27, 2015 11:14am Mar 27, 2015 11:14am
What I understand from ETX: they will just give you the amount that you can receive from FSCS or KPMG, but you can only trade with them but can't withdraw it until FSCS/KPMG release the money to your account on ETX.

I think we need more details (all from FSCS, KPMG and ETX) about this transaction before we make a decision.
  • #5,508
  • Mar 27, 2015 11:22am Mar 27, 2015 11:22am
Quoting neoxis
ok thanks
I was talking with you a lot. And I told you that will be a sell, of clients lists.
Thank you, for your thanks.
Good luck.
  • #5,509
  • Mar 27, 2015 11:33am Mar 27, 2015 11:33am
Quoting mmx007
What I understand from ETX: they will just give you the amount that you can receive from FSCS or KPMG, but you can only trade with them but can't withdraw it until FSCS/KPMG release the money to your account on ETX. I think we need more details (all from FSCS, KPMG and ETX) about this transaction before we make a decision.
watch the video on cnbc...he said explicitelly we can withdraw money back once we have chosen to stay with them. Cause as i said the transfer will be phisically in etx company. Or there is no sense to do this deal. They paid for client list.
myfxbook: neoxis
  • #5,510
  • Mar 27, 2015 1:13pm Mar 27, 2015 1:13pm
Please note: due to public holidays in the UK on Friday 3 April and Monday 6 April the KPMG telephone help desk will not be available on these days. The telephone help desk will close at 5:00pm BST on Thursday 2 April and will reopen from 9:00am BST on Tuesday 7 April. The KPMG office will also be closed on Friday 3 April and Monday 6 April and therefore queries sent via email may experience a slight delay in response time during this period.
myfxbook: neoxis
  • #5,511
  • Mar 27, 2015 2:45pm Mar 27, 2015 2:45pm
ETX will shortly be contacting clients of the Company offering them the opportunity to open an account. In due course, ETX will also be in contact with those clients with a claim in the special administration in order to provide details of a mechanism to direct their funds into their newly opened ETX account, should they wish to do so.
Please note that timing and quantum of client money distributions in the special administration will not be affected by whether clients choose to make deposits into their newly opened ETX account.
Following substantial initial interest in the Company's client list, we are pleased to have now concluded a sale, as we continue to work to seek ways to maximise the level and speed of return to clients and creditors in accordance with our statutory duties.
myfxbook: neoxis
  • #5,512
  • Mar 27, 2015 6:21pm Mar 27, 2015 6:21pm
Well,
I am pretty curious how it will work out....

Will we get an account or do we need to chose one?
It appears to me they offer more markets than alpari.

The design of their website looks to me kind of shady...


Cheers! ;-)
  • #5,513
  • Mar 28, 2015 3:03am Mar 28, 2015 3:03am
Quoting ewinner
{quote} me to, i sent them an email a week ago.... still nothing back, but now they found a buyer for the client list i don't think they will be in any rush to answer queries regarding our claims... i think we are just going to have to accept this, hopefully there arent any restrictions on withdrawing our funds from ETX
we are being sold without the option..i can believe this is happening..anyway lets see how this develops
  • #5,514
  • Mar 28, 2015 3:15am Mar 28, 2015 3:15am
Ok let's ckeck on the following:
- on monday, march 30, if i receive an email from ETX how should i press (yes, transfer my funds) and i still dont know the amount settled by kpmg... If i approve to transfer then after kpmg says here u go 50% of ur account...
-I had oprn CHF trades on jan 15 and other big trades on 16.. Will kpmg finalize the positions now or ETX?
- ETX will pay for negative balances? They said they paid 5 or 6 million pounds for the client list that have 100 million dollars account....
I will get my ChF profits or not? Thats what we need to be answered before we press YES, transfer my funds to etx.
Bcz wletx will open accounts for all former alpari's but will transfer funds later from the administration
  • #5,515
  • Mar 28, 2015 3:45am Mar 28, 2015 3:45am
Hmmm, I think I'll try ETX and perceive the offer. In addition, ETX says that the conditions are identical to the terms of Alpari. Another point is the bonus for opening an account. 60% are very tempting. And it is certain that ETX has a lot of equity. Behind ETX are investors with assets worth billions. The ridiculous few million the Alpari missed would be more than annoying for ETX, nothing more.
  • #5,516
  • Mar 28, 2015 4:59am Mar 28, 2015 4:59am
Quote
Please note that timing and quantum of client money distributions in the special administration will not be affected by whether clients choose to make deposits into their newly opened ETX account.

My reading of this statement is that you won't get your money back any faster just because you go with ETX.

If you do go with ETX, the day your funds are released will be the same day you would have got them back anyway.

ETX are simply offering a streamlined service to open a new account with a new broker.

Perhaps I'm wrong. But it seems quite clear to me.
  • #5,517
  • Mar 28, 2015 6:13am Mar 28, 2015 6:13am
Quoting muckele1
Hmmm, I think I'll try ETX and perceive the offer. In addition, ETX says that the conditions are identical to the terms of Alpari. Another point is the bonus for opening an account. 60% are very tempting. And it is certain that ETX has a lot of equity. Behind ETX are investors with assets worth billions. The ridiculous few million the Alpari missed would be more than annoying for ETX, nothing more.
Could you may be a bit more detailed?
What are your informations?

ETX Capital - part of - Monecor Ltd. - owned by - JRJ Group and BXR Group?


Rich Russian Guy vs private equity companies with big portfolio?

I am not sure whether they are willing to keep a rotten investment.
  • #5,518
  • Mar 28, 2015 6:19am Mar 28, 2015 6:19am
Is it better to claim from FSCS or from Alpari or wait for ETX? And how can I know if I want to trade with ETX if they don't have a normal demo account?
  • #5,519
  • Mar 28, 2015 6:39am Mar 28, 2015 6:39am
hi everyone,
So many of you just specaluting about getting money back quickly with etx etc.,this will not be the case guys if you go with etx ,if you decide to stay with FSCS which I am going to do ,the money distribution time will be same for both etx and FSCS,as I said TCF REGULATION ,they can't mislead the clients or forced the clients to go with etx, so if you go with etx, etx clearly stated whenever FSCS releases the segregated money they will be able to make the payments which means at the same time FSCS will start sending the money to claimants .
  • #5,520
  • Mar 28, 2015 7:43am Mar 28, 2015 7:43am
Quoting nAVIN2007
{quote} we are being sold without the option..i can believe this is happening..anyway lets see how this develops
an option fo what? All clients still have the option of withdrawing from fscs, nobody is being forced to etx against their will, and etx has said people can withdraw their money whenever they choose.just read what was said, and watch the CNBC interviewYou are making yourself and others worry for no reason
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