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Alpari.co.uk Discussion

  • #5,921
  • Apr 10, 2015 10:54am Apr 10, 2015 10:54am
Quoting mzsp13
finally got THE email form KPMG,thanks god
You had CHF trades opened on 15-16 jan?
myfxbook: neoxis
  • #5,922
  • Apr 10, 2015 12:42pm Apr 10, 2015 12:42pm
nothing important, but they have updated the news

http://www.fscs.org.uk/news/2015/
http://www.fscs.org.uk/news/2015/apr...k1y/index.html
  • #5,923
  • Apr 10, 2015 1:00pm Apr 10, 2015 1:00pm
Thanks for the heads up, at least we have some kind of time frame to work with until the next update
  • #5,924
  • Apr 10, 2015 3:48pm Apr 10, 2015 3:48pm
Quoting ghibellino
nothing important, but they have updated the news http://www.fscs.org.uk/news/2015/ http://www.fscs.org.uk/news/2015/apr...k1y/index.html
Wow finally an important announcement from fscs will put later this month so maybe within next two weeks. Come on guys...we are on the way.
myfxbook: neoxis
  • #5,925
  • Apr 10, 2015 5:02pm Apr 10, 2015 5:02pm
Finally a response from the FSCs. I do love how KPMG funnelled most of us in going to FSCs route. It seems like they were not equipped to handle it.
  • #5,926
  • Apr 11, 2015 1:45am Apr 11, 2015 1:45am
I choose to trust FSCS and KPMG.
  • #5,927
  • Apr 11, 2015 3:07am Apr 11, 2015 3:07am
Sorry guys, i just want to ask.
The offering from etx is just an option or given (we must aproved to etx help us to pocess the refund) ?

Or just wait the FSCS contact us?

Thx u everyone
  • #5,928
  • Apr 11, 2015 4:00am Apr 11, 2015 4:00am
Sorry guys, i just want to ask.
The offering from etx is just an option or given (we must aproved to etx help us to pocess the refund) ?

Or just wait the FSCS contact us?

Thx u everyone
  • #5,929
  • Apr 11, 2015 4:15am Apr 11, 2015 4:15am
Quoting mzsp13
finally got THE email form KPMG,thanks god
Nothing here for me. Just ETX spamming and telling me that it will be an option on the Claim Portal to transfer the funds by them and get a 60% bonus on it. I'm not so sure how to feel about it. I opened new accounts since the EURCHF crash and spread my money among different brokers. I don't trust anyone anymore.
  • #5,930
  • Apr 11, 2015 4:30am Apr 11, 2015 4:30am
https://ci6.googleusercontent.com/pr...headerlogo.jpg
Dear ****,

We wanted to give you a status update regarding the client money of many former clients of Alpari (UK). We’ve spoken to the Joint Special Administrators, and we’ve learnt that they are shortly planning to increase the functionality of the current Claims Portal, which will allow those clients of Alpari (UK) who have a claim to select if they would like distributions from Alpari (UK) or compensation payments from the Financial Services Compensation Scheme to be paid to their ETX Capital account. We will be sending out further e-mails once this functionality is released, providing instructions on how to do so.

In the meantime, former clients of Alpari (UK) who activate their ETX accounts can take advantage of ETX Capital’s generousWelcome Bonus offer by depositing new funds into their account – bonuses of up to 60% up to £6,000 are available.*

All the best,
ETX Capital

*Please carefully review the Welcome Bonus Terms and Conditions


Risk warning: The leveraged trading products available on this website are not appropriate for everyone. It is possible for losses to exceed your account balance. Do not trade with funds you cannot afford to lose and seek advice if you do not understand the risks.
  • #5,931
  • Apr 11, 2015 5:47am Apr 11, 2015 5:47am
https://twitter.com/nanexllc/status/555782552762744832
  • #5,932
  • Apr 11, 2015 5:48am Apr 11, 2015 5:48am
http://www.nanex.net/aqck2/4610.html
  • #5,933
  • Apr 11, 2015 5:59am Apr 11, 2015 5:59am
One question - are we ever going to get our money back?
  • #5,934
  • Apr 11, 2015 6:13am Apr 11, 2015 6:13am
Quoting 17John
One question - are we ever going to get our money back?
Yes, just a matter of when...
  • #5,935
  • Apr 11, 2015 7:03am Apr 11, 2015 7:03am
Quoting dambuster
{quote} Yes, just a matter of when...
I guess soon...FSCS said they will make an announcement about their decision late this month and in the portal claim next week they will add an option to transfer your FSCS claim directly transfered to your new ETX capital... So i guess we will have two option from FSCS they will pay us through cheque or they simply will redirect funds to ETX company in your account....and after that your claim is done...and you will be free to trade with'em in ETX or withdrawal through WIRE transfer in your currency without any exchange....cause if you chose to redirect your claim to ETX i guess ETX will transfer at their rate spot any claim in your native currency account you had in alpari.


So you will have 3 options showed below:

1) If you chosen to stay with KPMG (alpari uk) you will take any distrubution when KPMG will finish the process it will require months or 1 year and surely not 100% of your money back you will take any dividends in a pro-rata base in the CMP Client Money Pool less any fee by kpmg in an optimistic estimated way can up limit like 10% kpmg fee so it will return like around 90% of your money on this way.


2) If you chosen FSCS surely you will have money 100% (up limit 50k gbp per account) and any plus dividends by kpmg when they will release funds. So FSCS will easily anticipate you your entitled money before kpmg distribution and pay you probably with cheque.


3) If you chosen FSCS and you will declare in the claim portal to transfer FSCS refund claim directly to ETX capital. When it's time to make any distribution by FSCS they will simply redirect it to your new ETX capital account. After that you will have your money on your new trading account on ETX with your native currency account than you had with Alpari. So ETX simply will exchange by theirself at their spotrate any currency (in this case gbp) to any other currency that you had in your past account on Alpari and then you will be able to trade again with your funds or make a wire transfer to your bank.
myfxbook: neoxis
  • #5,936
  • Edited 7:47am Apr 11, 2015 7:29am | Edited 7:47am
Quoting neoxis
{quote} and in the portal claim next week they will add an option to transfer your FSCS claim directly transfered to your new ETX capital...
next week?? could indicate which specifies exactly it next week??
Ora et labora
  • #5,937
  • Apr 11, 2015 7:40am Apr 11, 2015 7:40am
This whole process is a chain .... until KMPG not release the funds NOBODY will see a penny. Both KMPG as FSCS have a limit to clarify this issue, which is 6 months from the date January 19. Neither the FSCS or ETX can streamline the process.

Everything else is bla bla bla...
Ora et labora
  • #5,938
  • Apr 11, 2015 1:04pm Apr 11, 2015 1:04pm
Quoting MikeXplosion
This whole process is a chain .... until KMPG not release the funds NOBODY will see a penny. Both KMPG as FSCS have a limit to clarify this issue, which is 6 months from the date January 19. Neither the FSCS or ETX can streamline the process. Everything else is bla bla bla...
Limit means the maximum. A company such as ETX does not buy many millions of dollars client lists without a statement of those responsible when the customer funds will flow. Statement of ETX is that the money comes within 4 to 6 weeks. So the end of April to mid-May.
  • #5,939
  • Apr 11, 2015 1:37pm Apr 11, 2015 1:37pm
ETX have been saying 4 to 6 weeks since they bought the client list

Call them Monday and ask how long it will still take and they will say... 4 to 6 weeks
  • #5,940
  • Apr 11, 2015 1:48pm Apr 11, 2015 1:48pm
Quoting dambuster
ETX have been saying 4 to 6 weeks since they bought the client list Call them Monday and ask how long it will still take and they will say... 4 to 6 weeks
I received an e mail from corresponding ETX yesterday.
Receipt of payment should be between late April and mid-May.
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