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  • #5,861
  • Apr 8, 2015 11:44am Apr 8, 2015 11:44am
Quoting neoxis
{quote} From FSCS or KPMG???? i would guess expected from fscs maybe. Surely not from kpmg It's too soon.
Didn't ask, doesn't matter to me honestly. It's coming to my ETX account anyway.

I did choose to claim through FSCS and then assigned ETX to handle everything.
  • #5,862
  • Apr 8, 2015 12:03pm Apr 8, 2015 12:03pm
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"
They said the same to me 4-6 weeks, they also said none of the claims have been passed on to the FSCS yet, they want to do them all together!! so 4-6 weeks is extremely optimistic..... i to opted for ETX to act for me, as they are in touch with KPMG on a regular basis, so hopefully they have a better chance of getting money paid out quicker than if i pursue the claim myself.......... we shall see! getting fed up waiting now!
  • #5,863
  • Apr 8, 2015 12:13pm Apr 8, 2015 12:13pm
Guys there is no email now than say you agree to release your funds to etx...Where you chosen this option??? for now etx not sent any email to ask this.
myfxbook: neoxis
  • #5,864
  • Apr 8, 2015 12:34pm Apr 8, 2015 12:34pm
I don't think ETX say bullshits to us...cause they paid lot of money so they may have access to more info than us from kpmg. So i want to be optimistic on this info even cause guys...they cannot permit theirself to say to us bullshits...or they will have a bad reputation in our eyes in this delicate deal. You don't think so?
myfxbook: neoxis
  • #5,865
  • Apr 8, 2015 12:54pm Apr 8, 2015 12:54pm
Quoting neoxis
Guys there is no email now than say you agree to release your funds to etx...Where you chosen this option??? for now etx not sent any email to ask this.
I got the email on April 1st, from Kayleigh Lewis and with the subject "Claim your funds from Alpari UK"
  • #5,866
  • Apr 8, 2015 12:59pm Apr 8, 2015 12:59pm
Quoting neoxis
I don't think ETX say bullshits to us...cause they paid lot of money so they may have access to more info than us from kpmg. So i want to be optimistic on this info even cause guys...they cannot permit theirself to say to us bullshits...or they will have a bad reputation in our eyes in this delicate deal. You don't think so?
I agree with you. The they couldn't have made the deal withouth discussing a time line with KPMG. And I don't think ETX would be happy if that time line is not met, and they surely have the resources to do something about it. That's why I choose them too.
  • #5,867
  • Apr 8, 2015 1:11pm Apr 8, 2015 1:11pm
Quoting neoxis
{quote} Yep good broker with good protection..activtrades is also good with good protection up to 500k uk regulated.
following brokers are good for me:
ECN account:
Pepper Stone (Australia)
Real ECN (New Zealand)
Next FX (New Zealand)
Integer FX (New Zealand)
New Zealand secures $ 200,000 per account. And as January showed that New Zealanders are much more agile than the UK regulator. GB is only my second choice now. Why should I do that to me the slowness and high costs of liquidation by the British again? After almost three months is still not possible to say when our money is available again. And the cost? Approach certainly the 10%.
  • #5,868
  • Apr 8, 2015 1:11pm Apr 8, 2015 1:11pm
Quoting XXlager
{quote} I agree with you. The they couldn't have made the deal withouth discussing a time line with KPMG. And I don't think ETX would be happy if that time line is not met, and they surely have the resources to do something about it. That's why I choose them too.
ok good anyway i not received any mail about transfer funds.
myfxbook: neoxis
  • #5,869
  • Apr 8, 2015 1:38pm Apr 8, 2015 1:38pm
Quoting neoxis
{quote} ok good anyway i not received any mail about transfer funds.
Yes you did... read from this post on:
http://www.forexfactory.com/showthre...49#post8178749

You even commented it further down:
Quoting neoxis
The email i have received is the same but they wrote we will stay in contact with JSA and FSCS for make your payment. Not just JSA. I think they changed email in base of your agreement choice made in the claim portal. I transfered my claim to fscs. Anyway i really don't know if is better say yes...I have some questions before to agree.
That mail was meant for you to give permission to ETX to handle your case from now on, meaning they would transfer the funds to your ETX account, once released.
  • #5,870
  • Apr 8, 2015 1:56pm Apr 8, 2015 1:56pm
Quoting tonirai
{quote} Yes you did... read from this post on: http://www.forexfactory.com/showthre...49#post8178749 You even commented it further down: {quote} That mail was meant for you to give permission to ETX to handle your case from now on, meaning they would transfer the funds to your ETX account, once released.

Just clicking a link means give a permission? I don't think so...anyway...we will see.
myfxbook: neoxis
  • #5,871
  • Apr 8, 2015 2:23pm Apr 8, 2015 2:23pm
Quoting tonirai
{quote} Yes you did... read from this post on: http://www.forexfactory.com/showthre...49#post8178749 You even commented it further down: {quote} That mail was meant for you to give permission to ETX to handle your case from now on, meaning they would transfer the funds to your ETX account, once released.
if it is to be a link, it does not work. Anyway, the link is not working in my email.
  • #5,872
  • Apr 8, 2015 2:24pm Apr 8, 2015 2:24pm
Quoting neoxis
{quote} Just clicking a link means give a permission? I don't think so...anyway...we will see.
Yes, they told me today i had to click the link in their email on the 1st april, this gives them authority to act on your behalf and to transfer funds into ETX account when released
  • #5,873
  • Apr 8, 2015 3:18pm Apr 8, 2015 3:18pm
Quoting ewinner
{quote} Yes, they told me today i had to click the link in their email on the 1st april, this gives them authority to act on your behalf and to transfer funds into ETX account when released
the green button in the email from April 1st is only an image without external linkage with me. So nice and colorful, but with no apparent function.
  • #5,874
  • Apr 8, 2015 3:38pm Apr 8, 2015 3:38pm
Quoting muckele1
{quote} the green button in the email from April 1st is only an image without external linkage with me. So nice and colorful, but with no apparent function.
You guys got to read some more...
It's not on the green button, but lower, on:
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 15 KB

(note: I haven't clicked it, obviously, because I don't want their help... for now)
  • #5,875
  • Apr 8, 2015 3:46pm Apr 8, 2015 3:46pm
Quoting tonirai
{quote} You guys got to read some more... It's not on the green button, but lower, on: {image} (note: I haven't clicked it, obviously, because I don't want their help... for now)
who clicks the button, opens a page of ETX. there he can read generalities. not more. some mail addresses and certain numbers of a support. And some facts. The process of forwarding of funds that has nothing to do.
  • #5,876
  • Apr 8, 2015 4:13pm Apr 8, 2015 4:13pm
Quoting muckele1
{quote} who clicks the button, opens a page of ETX. there he can read generalities. not more. some mail addresses and certain numbers of a support. And some facts. The process of forwarding of funds that has nothing to do.
Like I said, I haven't clicked it, so I cannot vouch...
But anyway, the e-mail clearly states:

"What ETX Capital Can Offer You"
"All funds released by the joint special administrators will be directed into your new ETX Capital account, which will be fully segregated from company funds* and enjoy the protection of the FSCS**."

So it would be obvious that, after clicking the link, you should be forwarded to some page to formalize in some way the assignment of them (ETX) to take care of the process and your funds.
  • #5,877
  • Apr 9, 2015 1:00am Apr 9, 2015 1:00am
Quoting tonirai
{quote} Like I said, I haven't clicked it, so I cannot vouch... But anyway, the e-mail clearly states: "What ETX Capital Can Offer You" "All funds released by the joint special administrators will be directed into your new ETX Capital account, which will be fully segregated from company funds* and enjoy the protection of the FSCS**." So it would be obvious that, after clicking the link, you should be forwarded to some page to formalize in some way the assignment of them (ETX) to take care of the process and your funds.
Was a shady tactic. So now i'm with ETX? at this point i just want have back money..
myfxbook: neoxis
  • #5,878
  • Apr 9, 2015 1:25am Apr 9, 2015 1:25am
Quoting tonirai
{quote} Like I said, I haven't clicked it, so I cannot vouch... But anyway, the e-mail clearly states: "What ETX Capital Can Offer You" "All funds released by the joint special administrators will be directed into your new ETX Capital account, which will be fully segregated from company funds* and enjoy the protection of the FSCS**." So it would be obvious that, after clicking the link, you should be forwarded to some page to formalize in some way the assignment of them (ETX) to take care of the process and your funds.
yes, but I think it will go step by step. first set up the account. which has now been done. as the Next Step probably follows the authorization-that the funds ETX redirects to the new account. New customers will have a choice as to whether they withdraw the money or so trading at ETX. I'll probably do both. It is good that ETX some of the money granted as credit. This is important for those traders who only had a broker and now for almost three months have no way to trade. The diversion of the funds will certainly not happen by clicking a link to a general website. Each trader will have to confirm it concretely, I think. the sentence:"What ETX Capital Can Offer You"...and the following sentences are statements of intent ETX. It does not mean that automatically deposits now be redirected to ETX since this is contrary to applicable law. Only when a user specifically agrees that funds are diverted to ETX ETX may operate.
  • #5,879
  • Apr 9, 2015 1:30am Apr 9, 2015 1:30am
Quoting muckele1
{quote} yes, but I think it will go step by step. first set up the account. which has now been done. as the Next Step probably follows the authorization-that the funds ETX redirects to the new account. New customers will have a choice as to whether they withdraw the money or so trading at ETX. I'll probably do both. It is good that ETX some of the money granted as credit. This is important for those traders who only had a broker and now for almost three months have no way to trade. The diversion of the funds will certainly not happen by clicking...
Yeah i agree with you.. what you think about ETX still saying funds will released in 4-6 weeks? do you think is a reliable information?
myfxbook: neoxis
  • #5,880
  • Apr 9, 2015 1:43am Apr 9, 2015 1:43am
If funds are indeed released in 4 - 6 weeks then everybody with agreed claims will have their funds released

They cannot treat ETX customers any more preferentially than if a person had opted for KPMG or FSCS
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