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Alpari.co.uk Discussion

  • #5,841
  • Apr 7, 2015 8:46am Apr 7, 2015 8:46am
Quoting MissV
I just received the message "ETX has created a MT4 account four you". I will login later
wow, the staff at ETX are nimble, hehehe. I have not received this email. well, is still only once an empty account.
  • #5,842
  • Apr 7, 2015 11:11am Apr 7, 2015 11:11am
Cobra you think we not take money from fscs??? what you mean??? are you so discouraged? i can understand your concern...but i think fscs will pay us 100%. We need to stay up man...i we will going down and upset all the time...just trying to stay in contact with fscs and ask again and again.
myfxbook: neoxis
  • #5,843
  • Apr 7, 2015 11:47am Apr 7, 2015 11:47am
FSCS will pay 100% of anything up to 50k only
  • #5,844
  • Apr 7, 2015 11:52am Apr 7, 2015 11:52am
Quoting dambuster
FSCS will pay 100% of anything up to 50k only
is so logical. 50000 is the maximum that is secured by the FSCS. Only reckless people have more money in a single broker.
  • #5,845
  • Apr 7, 2015 12:24pm Apr 7, 2015 12:24pm
Quoting muckele1
{quote} is so logical. 50000 is the maximum that is secured by the FSCS. Only reckless people have more money in a single broker.
Yeah man i understood this than i'm entitled with up limit 50k....but when they will pay me??? that's the problem. Many people here are discouraged.
myfxbook: neoxis
  • #5,846
  • Apr 7, 2015 12:54pm Apr 7, 2015 12:54pm
When will they pay? Sometime before the end of the year... hopefully
  • #5,847
  • Apr 7, 2015 1:12pm Apr 7, 2015 1:12pm
Quoting dambuster
When will they pay? Sometime before the end of the year... hopefully

hopefully..my friend...i hope too. i'm waiting the next announcement in their page.
myfxbook: neoxis
  • #5,848
  • Edited Apr 8, 2015 2:03am Apr 7, 2015 11:55pm | Edited Apr 8, 2015 2:03am
Quoting neoxis
{quote} Yeah man i understood this than i'm entitled with up limit 50k....but when they will pay me??? that's the problem. Many people here are discouraged.
problem is imagine u get the money and place it with another broker and this same thing happens again..yur money would be locked for 2 years taking away all options from u..and lets face it..if alpari can sink what to say the next broker u choose will be any different?
  • #5,849
  • Apr 8, 2015 12:29am Apr 8, 2015 12:29am
Quoting neoxis
Cobra you think we not take money from fscs??? what you mean??? are you so discouraged? i can understand your concern...but i think fscs will pay us 100%. We need to stay up man...i we will going down and upset all the time...just trying to stay in contact with fscs and ask again and again.
Neo

We will be paid , but my concern is the delaying tactics which are in play now. KPMG wants to maximise their fees on the process and THAT is what is happening right now. Every second our money is under administration means additional fees for the administrator.

What is supposed to be a simple process turns out to be a administrative nightmare. The administrator WILL use every method within the UK law to postpone the pay out of money in order to accumulate fees for themselves. The FSCS cannot make payments unless the administrative processes of KPMG are finalized. Everything is on halt and all because of KMPG. They are simply using the administrative laws to maximise their profits.

The only way for us is to keep the pressure on them by constantly phoning or sending them emails. If we stop doing that they will simply take their time.

I will not take the offer from ETX . I expect to be paid by the FSCS. my position on this will remain like that. I have no desire to trade with ETX. This time around I will place my account with a reputable broker . I will also go for low brokerage leverage because the sooner traders get used to it the better. I belief that all brokers will be forced to reduce their leverage soon. 100 : 1 is the max I will go for. I might even consider opening an account with one of the big banks. I am in it for the long term and trading with a bank is the way to go. Just my opinion.
Never Ever Give Up!
  • #5,850
  • Apr 8, 2015 12:57am Apr 8, 2015 12:57am
Quoting Cobra
{quote} Neo We will be paid , but my concern is the delaying tactics which are in play now. KPMG wants to maximise their fees on the process and THAT is what is happening right now. Every second our money is under administration means additional fees for the administrator. What is supposed to be a simple process turns out to be a administrative nightmare. The administrator WILL use every method within the UK law to postpone the pay out of money in order to accumulate fees for themselves. The FSCS cannot make payments unless the administrative processes...

Mmm yeah i'm with you. Anyway FSCS should pay us 100% so kpmg fees will be removed from dividends. I guess FSCS will pay us 100% without consider fees. or at least i hope that.
myfxbook: neoxis
  • #5,851
  • Apr 8, 2015 1:21am Apr 8, 2015 1:21am
I still can't log in to the Claims Portal. I had opened trades on 15-16 jan, but not CHF trades. SB- account
  • #5,852
  • Apr 8, 2015 1:27am Apr 8, 2015 1:27am
Quoting nAVIN2007
{quote} problem is imagine u get the money and place it with another broker and this same thing happens again..yur money would be locked for 2 years taking, away all options from u..and lets face it..if alpari can sink what to say the next broker u choose will be any different?
You can find information on the Internet through a broker. Alpari I had not done that. A Failure. The following information is important. Regulated Broker, capitalization, owners, information has been handled in the past with such situations. Then you can largely exclude the possibility that there may be a new insolvency due to similar events such as the CHF. otherwise: Just because a plane crashes, I no longer fly?
  • #5,853
  • Edited 4:58am Apr 8, 2015 2:09am | Edited 4:58am
Quoting muckele1
{quote} You can find information on the Internet through a broker. Alpari I had not done that. A Failure. The following information is important. Regulated Broker, capitalization, owners, information has been handled in the past with such situations. Then you can largely exclude the possibility that there may be a new insolvency due to similar events such as the CHF. otherwise: Just because a plane crashes, I no longer fly?
plane is one thing..lol
market is another..it is tough enough to make money from trading without this kind of headache..look how hard it is to even with kmpg and get answers and we supposed to be the victims..if u ask me its a case of the system doesnt work effectively for me to do this again with an another broker

most traders depend on there money to make a return..i cannot imagine a trader doing this for a living and to face this kind of upset..the money is stuck and not working for us..
  • #5,854
  • Apr 8, 2015 7:31am Apr 8, 2015 7:31am
Quoting nAVIN2007
{quote} plane is one thing..lol market is another..it is tough enough to make money from trading without this kind of headache..look how hard it is to even with kmpg and get answers and we supposed to be the victims..if u ask me its a case of the system doesnt work effectively for me to do this again with an another broker most traders depend on there money to make a return..i cannot imagine a trader doing this for a living and to face this kind of upset..the money is stuck and not working for us..
completely clear. And that's why we have distributed money to several brokers. So far I had made no thought how good a broker is financially secure and who are the owners. now I am researching forever. it is annoying that the money is frozen at Alpari. But who was smart, has remained capable of acting with other brokers. To the sum of the trade account, I've always respected. Only a maximum of the amount that is guaranteed by the supervisory authority. In the UK there are 50000 GBP. In Germany € 100,000. Likewise, in the rest of the EU. US, I do not know. Are also interesting for me New Zealand and Australia. I'm testing some market makers at the moment. One of the best market makers seem to be ETX. Not good are eToro and similar broker. Plus500 is also scrap. Both brokers the server can not be reached in minutes important financial decisions.
  • #5,855
  • Apr 8, 2015 7:37am Apr 8, 2015 7:37am
Quoting muckele1
{quote} completely clear. And that's why we have distributed money to several brokers. So far I had made no thought how good a broker is financially secure and who are the owners. now I am researching forever. it is annoying that the money is frozen at Alpari. But who was smart, has remained capable of acting with other brokers. To the sum of the trade account, I've always respected. Only a maximum of the amount that is guaranteed by the supervisory authority. In the UK there are 50000 GBP. In Germany 100,000. Likewise, in the rest of the EU. US,...
keep us updated with what u find
  • #5,856
  • Apr 8, 2015 8:17am Apr 8, 2015 8:17am
Quoting nAVIN2007
{quote} keep us updated with what u find
what do you mean? good brokers?
  • #5,857
  • Edited 8:38am Apr 8, 2015 8:23am | Edited 8:38am
Quoting muckele1
{quote} what do you mean? good brokers?
Yep good broker with good protection..activtrades is also good with good protection up to 500k uk regulated.
myfxbook: neoxis
  • #5,858
  • Apr 8, 2015 8:36am Apr 8, 2015 8:36am
Ive been trading with FxPro since Alpari went bust, happy so far!!
  • #5,859
  • Apr 8, 2015 10:34am Apr 8, 2015 10:34am
Apparently, ETX is expecting the funds to be released in 4 to 6 weeks. I got that from the relationship manager assigned to me:

"We are still waiting an update from the Alpari administrators, the timescale we currently have is between 4-6 weeks, we will keep you up to date with any developments regarding your funds"
  • #5,860
  • Apr 8, 2015 11:23am Apr 8, 2015 11:23am
Quoting XXlager
Apparently, ETX is expecting the funds to be released in 4 to 6 weeks. I got that from the relationship manager assigned to me: "We are still waiting an update from the Alpari administrators, the timescale we currently have is between 4-6 weeks, we will keep you up to date with any developments regarding your funds"
From FSCS or KPMG???? i would guess expected from fscs maybe. Surely not from kpmg It's too soon.
myfxbook: neoxis
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