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Alpari.co.uk Discussion

  • #6,301
  • Apr 27, 2015 9:30am Apr 27, 2015 9:30am
ETX new clients or Alpari clients moving to ETX are offered 10% to 60% bonus on their first deposit.

Is that a good offer or is there a trap underneath the offer?

Conditions:

To withdraw the bonus you must close trades excluding equities of 300% of the bonus amount within 90 days of receiving the bonus.

Anyone have a clear idea of the meaning 300% of this above - assume one made a deposit of USD 1000 and receiving 10% bonus.
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  • #6,302
  • Apr 27, 2015 9:43am Apr 27, 2015 9:43am
Quoting highway
ETX new clients or Alpari clients moving to ETX are offered 10% to 60% bonus on their first deposit. Is that a good offer or is there a trap underneath the offer? Conditions: To withdraw the bonus you must close trades excluding equities of 300% of the bonus amount within 90 days of receiving the bonus. Anyone have a clear idea of the meaning 300% of this above - assume one made a deposit of USD 1000 and receiving 10% bonus.
muckele1 explain here in post 6023

Quoting muckele1
{quote} The word welcome bonus is self-explanatory. For the first deposit. Does not matter where the money comes from. Whether it comes from your bank account or by FSCS does not matter. but is simple mathematics. 6000 bonus, 300% = 18000. So much money you have to invest in real terms within 90 days. Lot 1 is 100000. So When leverage 100 you invest 1000 per Lot. So you have to trade Lot 18 minimum. complete trades. An open trade is not complete. Opening and closing a trade. Effective as of the date on which you applied for the bonus and he is hereby...
Forex can only be understood backwards, but it must be traded forwards.
  • #6,303
  • Apr 27, 2015 10:14am Apr 27, 2015 10:14am
If one put 2 trades during a slow session that hedges each other, it is fast done.
Buy NZ-USD and SELL AUD-USD
OR 2pairs with low spreads
  • #6,304
  • Apr 27, 2015 11:49am Apr 27, 2015 11:49am
Quoting highway
If one put 2 trades during a slow session that hedges each other, it is fast done. Buy NZ-USD and SELL AUD-USD OR 2pairs with low spreads
?
Never Ever Give Up!
  • #6,305
  • Apr 28, 2015 1:45am Apr 28, 2015 1:45am
Quoting highway
ETX new clients or Alpari clients moving to ETX are offered 10% to 60% bonus on their first deposit. Is that a good offer or is there a trap underneath the offer? Conditions: To withdraw the bonus you must close trades excluding equities of 300% of the bonus amount within 90 days of receiving the bonus. Anyone have a clear idea of the meaning 300% of this above - assume one made a deposit of USD 1000 and receiving 10% bonus. {image}
at 1000 deposit the required trade calculated differently. 10% of 1000 are 100 bonus. 1 Lot are always 100000. This is the reference value. What counts is the leverage. I think you can choose the leverage. The default is 400 leverage for customers of Alpari, I suppose. So you invest in this leverage 250 for a Lot. This means you have 0.4 Lot trade for the bonus. If you select leverage 100, you have a lot trade for the bonus.
  • #6,306
  • Apr 28, 2015 2:00am Apr 28, 2015 2:00am
The official answer from ETX:

You will need to have total turnover 3 times of your bonus amount.

For example, if you deposit 1000 (£/€/$) you will get 300 (£/€/$) in this case you will need to trade total 900 standard lots on your CFD account within 90 calendar days in order to withdraw the bonus. Equities and micro and mini lots are excluded.

Please be aware If a bonus is applied to your account and you subsequently withdraw funds (including profits) before satisfying the release criteria, we will retract your bonus.

If you do not meet the release criteria within ninety (90) calendar days of the bonus being applied to your account, we reserve the right to retract the bonus fund.
  • #6,307
  • Apr 28, 2015 2:18am Apr 28, 2015 2:18am
Quoting muckele1
{quote} at 1000 deposit the required trade calculated differently. 10% of 1000 are 100 bonus. 1 Lot are always 100000. This is the reference value. What counts is the leverage. I think you can choose the leverage. The default is 400 leverage for customers of Alpari, I suppose. So you invest in this leverage 250 for a Lot. This means you have 0.4 Lot trade for the bonus. If you select leverage 100, you have a lot trade for the bonus.
Thank you muckele1

Very helpful reply.

With great appreciation
  • #6,308
  • Apr 28, 2015 7:02am Apr 28, 2015 7:02am
Quoting Hacsiko
The official answer from ETX: You will need to have total turnover 3 times of your bonus amount. For example, if you deposit 1000 (//$) you will get 300 (//$) in this case you will need to trade total 900 standard lots on your CFD account within 90 calendar days in order to withdraw the bonus. Equities and micro and mini lots are excluded. Please be aware If a bonus is applied to your account and you subsequently withdraw funds (including profits) before satisfying the release criteria, we will retract your bonus. If you do not meet the release...
I believe this is the right answer, and it is impossible for most of us to achieve. I have more than 10000 transferred from Alpari to ETX and will get 6000 bonus, then I have to trade 18000 standard lots in order to withdraw the bonus. It's ridiculous! Just a promotional strategy, and ETX can say no to you with any reasons when you try to withdraw the bonus.
  • #6,309
  • Apr 28, 2015 7:31am Apr 28, 2015 7:31am
http://leaprate.com/2015/04/fscs-to-...-uk-in-201516/

news
and still no precision timing waist of time
  • #6,310
  • Apr 28, 2015 7:52am Apr 28, 2015 7:52am
Quoting Jadgeha
http://leaprate.com/2015/04/fscs-to-...-uk-in-201516/ news and still no precision timing waist of time

Those are not real news for us.
  • #6,311
  • Apr 28, 2015 8:04am Apr 28, 2015 8:04am
Quoting kingliufx
{quote} I believe this is the right answer, and it is impossible for most of us to achieve. I have more than 10000 transferred from Alpari to ETX and will get 6000 bonus, then I have to trade 18000 standard lots in order to withdraw the bonus. It's ridiculous! Just a promotional strategy, and ETX can say no to you with any reasons when you try to withdraw the bonus.
I think etx formulated incorrectly. You have 300% of the bonus invest. 6000 bonus currency are not standard lot. So invest 18000 real. 18000 comprises 72 Lot at leverage 400. Do you know how much are 18000 standard lot? 1.8 billion.
  • #6,312
  • Apr 28, 2015 8:05am Apr 28, 2015 8:05am
I am thankful for the fact that an organization like the FSCS exists.

Without them so many of us would have been in serious problems.

Thank you FSCS for taking care of all of us!

Long live the FSCS and well done UK for regulation.

G
Never Ever Give Up!
  • #6,313
  • Apr 28, 2015 8:23am Apr 28, 2015 8:23am
Quoting Cobra
I am thankful for the fact that an organization like the FSCS exists. Without them so many of us would have been in serious problems. Thank you FSCS for taking care of all of us! Long live the FSCS and well done UK for regulation. G
John 3:16 - From THIS love no power on earth can me sever.
  • #6,314
  • Apr 28, 2015 8:32am Apr 28, 2015 8:32am
Quoting Cobra
I am thankful for the fact that an organization like the FSCS exists. Without them so many of us would have been in serious problems. Thank you FSCS for taking care of all of us! Long live the FSCS and well done UK for regulation. G
I agree.
  • #6,315
  • Apr 28, 2015 8:55am Apr 28, 2015 8:55am
FROM FSCS WEBSITE

Today the Financial Services Compensation Scheme (FSCS) announces its levy for 2015/16. The figure stands at 319m. That's an increase of 32m from the amount forecast in FSCSs Plan and Budget in January.
The increase is primarily because of a rise in claims relating to self-invested personal pensions (SIPPs). FSCS will levy firms in the life and pensions intermediation sector 100m in 2015/16 to fund the compensation costs for these claims.
Theres good news for firms in other sectors though. The general insurance intermediation sector will not be receiving a levy bill in 2015/16 for PPI claims which have continued to decline.
Although FSCS expects to pay compensation costs totalling 28m for Alpari (UK) Limited in 2015/16, investment intermediation firms will see a decrease in their levy bill. This is because of a reduction in the costs relating to other investment defaults, and an expected increase in recovery forecasts for the coming year (including for Alpari).
FSCS Chief Executive Mark Neale says: FSCS protects consumers when financial firms fail. Were there for people who have nowhere else to turn. The annual levy allows us to compensate consumers, and as a result, make a valuable contribution to consumer confidence.
Since its inception in 2001 FSCS has paid out more than 26bn to more than 4.5m people.

HERE THE PDF RELATING SUMMARY COMPENSATION FOR ALPARI CUSTOMERS:

http://www.fscs.org.uk/globalassets/...il-2015-v1.pdf

Just 28m ?? 40 m $ i thought were more...at least 50-60 m $.
myfxbook: neoxis
  • #6,316
  • Apr 28, 2015 9:38am Apr 28, 2015 9:38am
Guys, the server at ETX are not always online. This is not good. I have seen several times gaps. The servers are separated for a short time. Sometimes just 30 seconds, sometimes for several minutes. Meaning no opening or closing of positions. Recently 40 minutes before the pair EUR / USD.
  • #6,317
  • Apr 28, 2015 9:45am Apr 28, 2015 9:45am
Hi,

i choosed the payout option to my bank account via fscs because ETX isnt interesting in any form. The bonus is a joke like mentioned before.
Anybody received his money on his bank account right now? Wonder how long it will take .....

br
Mark
What you deserve is what you get
  • #6,318
  • Apr 28, 2015 10:02am Apr 28, 2015 10:02am
Quoting tradenow
Hi, i choosed the payout option to my bank account via fscs because ETX isnt interesting in any form. The bonus is a joke like mentioned before. Anybody received his money on his bank account right now? Wonder how long it will take ..... br Mark
In my opinion it will takes around 20 days.
myfxbook: neoxis
  • #6,319
  • Apr 28, 2015 10:05am Apr 28, 2015 10:05am
There is something i not understood..if fscs will exchange at 1,5158 rate from £ to dollar......EUR users gonna take less than what they had?
myfxbook: neoxis
  • #6,320
  • Apr 28, 2015 10:09am Apr 28, 2015 10:09am
Quoting neoxis
There is something i not understood..if fscs will exchange at 1,5158 rate from to dollar......EUR users gonna take less than what they had?
I think because the euro has weakened so much it would convert into more euros than it otherwise would have.

for me, at current prices I will get less because pound is above 1.518
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