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Alpari.co.uk Discussion

  • #6,041
  • Apr 18, 2015 8:37am Apr 18, 2015 8:37am
Quoting emanco
I got a call yesterday from the Italian Desk of ETX telling me whats going on behind the curtain. I must say he was very kind and assured me the money is not lost. Surprisingly he asked me the amount I had with Alpari and he confirmed it. I didn't get any mail from KPMG yet though. If I try to log into the claim portal an error comes up. The ETX guy told me he'll contact for me KPMG and check things out. I don't know if I can trust them, anyway they have lower leverage and slightly lower spreads than Alpari. They even bought new servers only for...
Seeking a blog or an internet forum about ETX you. Then you know whether ETX is trustworthy. For me ETX is uninteresting because it is a market maker. I want to act in the market, not against my broker. I want to market prices, not manipulated prices. And I want To Handeslschluss act every week, not only to 45 minutes before the closing of the stock market. Just then the server can not be reached at ETX.
  • #6,042
  • Apr 18, 2015 8:40am Apr 18, 2015 8:40am
Quoting MikeXplosion
{quote} When a company insolvent states of the process is to sell the customer list if that can recover capital. The entire process is audited by a judge, among others. I think that everything is legal however much it hurts me. Otherwise there were too involved, KPMG, FSCS, FCA, the judge appointed administrators and Alpari own .... I can hardly believe that there is any irregularity in the process. What attributable only is the slowness with KMPG has worked. And the reason and we know full well, the fees.
Of the fees former employees of Alpari see only a small fraction. Which of these employees earned more than 25GBP per hour? hardly anyone, I think. The largest part eats KPMG as profit.
  • #6,043
  • Apr 18, 2015 2:21pm Apr 18, 2015 2:21pm
Next week FSCS announcement finally.
myfxbook: neoxis
  • #6,044
  • Apr 18, 2015 5:19pm Apr 18, 2015 5:19pm
Quoting neoxis
Next week FSCS announcement finally.
really? how so? FSCS has only said that a statement will be posted later in the month. And this month, has nearly two weeks.
  • #6,045
  • Apr 19, 2015 5:25am Apr 19, 2015 5:25am
don't be so fussy...one week 10 days...it's same. Important is to figure it out.
myfxbook: neoxis
  • #6,046
  • Apr 19, 2015 9:12am Apr 19, 2015 9:12am
Waiting for KPMG/FSCS is really unbearable.......

This is the longest three months in my life!
Never Ever Give Up!
  • #6,047
  • Apr 19, 2015 9:54am Apr 19, 2015 9:54am
Anyone knows why there are lot of new brokers in New Zealand since 2011? e.g. FX Next, FX-EDGE, Greenvault FX, Real ECN, Apex, HeartForex.
  • #6,048
  • Apr 19, 2015 10:23am Apr 19, 2015 10:23am
Quoting Cobra
Waiting for KPMG/FSCS is really unbearable....... This is the longest three months in my life!
hehe, I had months that felt like years. But I guess I'm a few weeks older than you. It is not acceptable to me what the liquidators of KPMG do, or rather, what does not do that. Why people need three months to set an exchange rate against the franc? Since it is an expert of the Forex market to the task and after a day has a result.
  • #6,049
  • Apr 19, 2015 10:40am Apr 19, 2015 10:40am
Quoting muckele1
{quote} hehe, I had months that felt like years. But I guess I'm a few weeks older than you. It is not acceptable to me what the liquidators of KPMG do, or rather, what does not do that. Why people need three months to set an exchange rate against the franc? Since it is an expert of the Forex market to the task and after a day has a result.
What? really you... do not accept the behavior of KPMG ?, but how? only a few posts ago you said that it was a complicated job, they had to handle 100,000 customers manually (lol) and bla bla bla
  • #6,050
  • Apr 19, 2015 1:06pm Apr 19, 2015 1:06pm
Quoting WayToGo
People lost interest to follow this page Any of UK residents, tell me please What to do to raise a legal case against KPMG & FCA?

If you're not happy with the way the administrator (KPMG) is completely ignoring you, dragging matters out and driving you into bankruptcy while they work out convoluted ways of stealing your money, then file a formal Insolvency Practitioner Complaint via the Government Insolvency Service via this link
https://www.insolvencydirect.bis.gov...Comp laint.aspx
  • #6,051
  • Apr 20, 2015 4:06am Apr 20, 2015 4:06am
For those that were long EURCHF, what prices did Alpari close you out at? Any ideas if those are being requoted?
  • #6,052
  • Apr 20, 2015 8:22am Apr 20, 2015 8:22am
Quoting igeurchfloss
For those that were long EURCHF, what prices did Alpari close you out at? Any ideas if those are being requoted?
According to their last statement it seems like they will not requote the prices as they didn't find any failure in the system during the crash or anything.
  • #6,053
  • Apr 20, 2015 9:04am Apr 20, 2015 9:04am
how come? Trading always consists of a buyer and a seller. The prices can not be corrected later, I think. Obviously, the big banks involved were not as good as it had said Alpari. And for this realization KPMG has three months time needed? which is pretty poor.
  • #6,054
  • Apr 20, 2015 9:27am Apr 20, 2015 9:27am
Still, would be interesting to see the sell prices Alpari achieved on EURCHF. I assume leverage was huge as it's Alpari
  • #6,055
  • Apr 20, 2015 9:37am Apr 20, 2015 9:37am
Quoting igeurchfloss
Still, would be interesting to see the sell prices Alpari achieved on EURCHF. I assume leverage was huge as it's Alpari
the prices you can see. You just have to go to KPMG. KPMG has released a graphic a few days ago.
  • #6,056
  • Apr 20, 2015 9:45am Apr 20, 2015 9:45am
Ah yes....just looked. So it still looks like the almighty IG Index got the worst fill for their clients at 0.9250!
  • #6,057
  • Apr 20, 2015 11:28am Apr 20, 2015 11:28am
BREAKING NEWS!!

http://www.fscs.org.uk/news/2015/apr...mit-yu48x1m1s/

FSCS expects to start paying claims in May.

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
Ora et labora
  • #6,058
  • Apr 20, 2015 12:00pm Apr 20, 2015 12:00pm
Quoting MikeXplosion
BREAKING NEWS!! http://www.fscs.org.uk/news/2015/apr...mit-yu48x1m1s/ FSCS expects to start paying claims in May. https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
Today I got a phone call from ETX, they got my phone number from Alpari.

The representative told me, that my balance will be transferred to them...
I asked him, as far as I know that is only a possibility, if I choose to open an account with them. But I don't want.

The answer was, that if I try to get back my money from FSCS directly, it will take much more time (several monthes more...) than by ETX.
But regarding the KPMG update this is a lie...

Am I right?
  • #6,059
  • Apr 20, 2015 12:06pm Apr 20, 2015 12:06pm
Quoting MikeXplosion
BREAKING NEWS!! http://www.fscs.org.uk/news/2015/apr...mit-yu48x1m1s/ FSCS expects to start paying claims in May. https://www.insolvency-kpmg.co.uk/ca...F119D1101.html

Read everything already thanks. I will talk with my business consulent for know if i require a wire on my bank account if i should RETAX my money i hope not..cause they were already taxed. what you think guys?
myfxbook: neoxis
  • #6,060
  • Apr 20, 2015 12:08pm Apr 20, 2015 12:08pm
Faaaaaaaaaantastic!!!!
Never Ever Give Up!
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