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Alpari.co.uk Discussion

  • #5,961
  • Apr 14, 2015 12:32am Apr 14, 2015 12:32am
Well said totally agree with this. I code for a living . The timescale they have taken takes the piss out of us all. The database was there already. For them to use. It's all bullshit. Tbh it has put me off trading for good

Quoting mojo123
{quote} Do you really think they created everything from scratch? C'mon!?! Al they did, they built a new GUI and took the existing database, did some DB queries to see who was trading what and when and let some people access. All together, few hours of work. With the webpage, the longest it takes to build a database (try wordpress if you don't believe me). They already had it. So, everything else is just making profit by trying to convince people it is a complex task. And nobody really cares, since the fees will be paid of client's money...
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  • #5,962
  • Apr 14, 2015 12:40am Apr 14, 2015 12:40am
Quoting mojo123
{quote} Do you really think they created everything from scratch? C'mon!?! Al they did, they built a new GUI and took the existing database, did some DB queries to see who was trading what and when and let some people access. All together, few hours of work. With the webpage, the longest it takes to build a database (try wordpress if you don't believe me). They already had it. So, everything else is just making profit by trying to convince people it is a complex task. And nobody really cares, since the fees will be paid of client's money...
yes. and each trading account must be verified. this can only manually. So checking of accounts 100000 is a trifle. in which movie are you traveling? Do you dream?
  • #5,963
  • Apr 14, 2015 1:18am Apr 14, 2015 1:18am
Quoting muckele1
{quote} why do not you do as a job? if it is so easy? I do not want to be a firm insolvency administrator with 100,000 customers. Customer data to sell was right. Because the customer data are the capital of a broker. KPMG has a duty to earn as much money for the claims. How valuable are the customer data you can see from the amount paid by ETX. And it is a bit more complicated to design as a portal. because it must be linked to all customer data. In addition, it must be possible to give the customer only gradual access to the portal. This is not...

It's an automated process: they use software to read the Alpari database. There's absolutely no reason to manually check each account. The computer does the job.... I can do it in 2 minutes with my old P4 laptop, and for free.
  • #5,964
  • Apr 14, 2015 2:58am Apr 14, 2015 2:58am
Quoting muckele1
{quote} yes. and each trading account must be verified. this can only manually. So checking of accounts 100000 is a trifle. in which movie are you traveling? Do you dream?
Verified? They have logs of everything and once you open an account you need to give proof of your identity. It's just a huge scam and they screwed us big time. A class action should be made and we should claim not only our money back but also all the damage caused by such a irresponsible behavior.
  • #5,965
  • Apr 14, 2015 3:20am Apr 14, 2015 3:20am
This task, as many have pointed out, can easily be automated and completed at most within a few days

However, KPMG have not gotten where they are today by doing things in the most cost effective way for the client.

Like I said before: they will string out the whole thing, whilst remaining within the framework of the law, for as long as possible to maximise their return
  • #5,966
  • Apr 14, 2015 3:28am Apr 14, 2015 3:28am
Quoting muckele1
{quote} why do not you do as a job? if it is so easy? I do not want to be a firm insolvency administrator with 100,000 customers. Customer data to sell was right. Because the customer data are the capital of a broker. KPMG has a duty to earn as much money for the claims. How valuable are the customer data you can see from the amount paid by ETX. And it is a bit more complicated to design as a portal. because it must be linked to all customer data. In addition, it must be possible to give the customer only gradual access to the portal. This is not...

You really seems to be in photocell , we gave our IDs(All particulars) only for record of Alpari , where as they sold our IDs to recover there losses to third party.Actually that would had been our dividend .
People managing more number of accounts daily which KMPG handled in last three months .Nincompoop will act like that and people like you will keep a pace with them .
  • #5,967
  • Apr 14, 2015 3:48am Apr 14, 2015 3:48am
Quoting muckele1
{quote} yes. and each trading account must be verified. this can only manually. So checking of accounts 100000 is a trifle. in which movie are you traveling? Do you dream?
Out of 100k+ accounts, less then 10k was trading in December, ever fewer in January, even fewer on the 15th and 16th Jan.

My question is, why do you need to manually review accounts of people who had not traded for months prior to the CHF bomb? I mean, from KMPG point of view it makes perfect sense, but from common sense point of view???
  • #5,968
  • Edited 4:46am Apr 14, 2015 3:55am | Edited 4:46am
FSCS , they want to cover their losses before covering people losses. If the law don't give them a time limit, they'll take forever....... maybe years !?!?
  • #5,969
  • Edited 4:30am Apr 14, 2015 4:13am | Edited 4:30am
Quoting muckele1
{quote} yes. and each trading account must be verified. this can only manually. So checking of accounts 100000 is a trifle. in which movie are you traveling? Do you dream?
100,000? Only 6,863 active clients this month.

Alpari UK is/was a predominantly retail broker, with 116,000 clients of which 27,000 were active in the last 12 months, 22,000 active within the last six months and 12,000 active within the last month.

http://leaprate.com/2015/01/alpari-u...ate-exclusive/
Attached Image (click to enlarge)
Click to Enlarge Name: Alpari-customers-geo.png Size: 26 KB
Ora et labora
  • #5,970
  • Apr 14, 2015 4:14am Apr 14, 2015 4:14am
Quoting mojo123
{quote} I mean, from KMPG point of view it makes perfect sense, but from common sense point of view???
Exactly!

KPMG are a business whose sole aim is to maximise profit

As a comparison

I also have funds stuck with LQD Markets since January 27th
They had around 1500 clients, not 100,000 like Alpari
Around 600 were active, not 15,000 like Alpari

Have I got my money back? No.
Have I even been able to agree a claim? No.

Why? Because the JSA are still "reconciling the accounts...". Now do the math: 600 active clients means that even if they were to finish today they would have processed +/- 10 accounts per day. Even one person, working all alone and taking copious breaks cannot possibly take 11 weeks to complete this task

The takeaway? KPMG, by comparison, are motoring along like greased lightening
  • #5,971
  • Apr 14, 2015 5:12am Apr 14, 2015 5:12am
They are preparing ghosts or our money?
  • #5,972
  • Apr 14, 2015 7:55am Apr 14, 2015 7:55am
Tomorrow will be officially 3 months after the CHF shock and still NO substantial progress AT ALL except for pieces of news here and there. Not ready... reassurance...

http://leaprate.com/2015/04/fscs-rea...ssing-goes-on/
http://leaprate.com/2015/04/administ...ri-uk-clients/
  • #5,973
  • Apr 14, 2015 8:06am Apr 14, 2015 8:06am
Really I don't know what the hell they are doing all this time
Give us our money bitches
  • #5,974
  • Apr 14, 2015 8:32am Apr 14, 2015 8:32am
and yet no one here get your money back?
FXerha
  • #5,975
  • Apr 14, 2015 8:38am Apr 14, 2015 8:38am
Doubt anyone else has but speaking for myself only, nope

Best we can hope for with current info is that FSCS will be first with a tranche possibly being sent/wired sometime in May
  • #5,976
  • Apr 14, 2015 8:53am Apr 14, 2015 8:53am
Quoting dambuster
Doubt anyone else has but speaking for myself only, nope Best we can hope for with current info is that FSCS will be first with a tranche possibly being sent/wired sometime in May
Where you took this info than FSCS will make payment in may?
myfxbook: neoxis
  • #5,977
  • Apr 14, 2015 9:00am Apr 14, 2015 9:00am
It is a deduction from previous posts in this thread where ETX (mainly) have suggested to former Alpari clients that payments can be expected in around 4 to 6 weeks time

However, the key word in my post is: "possibly" or in other words, don't hold your breath
  • #5,978
  • Apr 14, 2015 11:05am Apr 14, 2015 11:05am
Quoting dambuster
It is a deduction from previous posts in this thread where ETX (mainly) have suggested to former Alpari clients that payments can be expected in around 4 to 6 weeks time However, the key word in my post is: "possibly" or in other words, don't hold your breath
FSCS will release an announcement about payment later this month...probably next week.
myfxbook: neoxis
  • #5,979
  • Apr 14, 2015 12:17pm Apr 14, 2015 12:17pm
Quoting WayToGo
Really I don't know what the hell they are doing all this time Give us our money bitches
Probably smoking weed and farting into a jacuzzi surrounded by hookers.
  • #5,980
  • Apr 14, 2015 1:04pm Apr 14, 2015 1:04pm
Quoting emanco
{quote} Probably smoking weed and farting into a jacuzzi surrounded by hookers.
Which we are paying for...
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