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  • #6,861
  • May 19, 2015 6:00pm May 19, 2015 6:00pm
Received my monies. Good luck to the rest of you.
  • #6,862
  • May 19, 2015 7:39pm May 19, 2015 7:39pm
Quoting Mroue26
{quote} congratsss NEOXIS!!! thats really nice to see everyone in this thread so happy like this its been 4 months we shared our emotions and problems here, helped eachother.. i hope we stay all in touch, Neo you can make a group on skype and we will keep sharing our strategies and trading news maybe. good luck everyone! have a safe trading and a good broker
Do you think a whatsapp group is good?
  • #6,863
  • May 20, 2015 12:29am May 20, 2015 12:29am
Quoting neoxis
Some asian ppl are asking me on pm if FSCS/KPMG make any difference for euro ppl or abroad ppl in the queue. I would like to post in here some answer who may explain why your process is postponed or in a later stage. JUST IN MY OPINION DON'T TAKE THIS INFO AS OFFICIALS. thx. Your claim amout is under a threshold limit? Cause KPMG specifically said amount under 200-300$ will be processed as last compensation in the final stage due to the high fee for process little wire. If your amount is more up and you have chosen FSCS there are some possibilities...
as i remember i think i made a stupid change i corrected a mistyping in my details
no bank details were there anyways i provided ETX with it later by email. i hope im not in the 2nd tranche
  • #6,864
  • May 20, 2015 1:50am May 20, 2015 1:50am
Quoting Mroue26
{quote} as i remember i think i made a stupid change i corrected a mistyping in my details no bank details were there anyways i provided ETX with it later by email. i hope im not in the 2nd tranche
IF an email not arrive within today. Yeah you are in the second. Probably that fix is the reason for the delay.
myfxbook: neoxis
  • #6,865
  • Edited 3:11am May 20, 2015 1:55am | Edited 3:11am
Quoting Mroue26
{quote} as i remember i think i made a stupid change i corrected a mistyping in my details no bank details were there anyways i provided ETX with it later by email. i hope im not in the 2nd tranche
I don't think that will affect timing much... at least it doesn't seem to have in my case:
I corrected a detail in my name (first name in double), and because of that, later they asked me to input my bank details all over again (from scratch), and send paper prove (a bank receipt where both my name and account number were visible).

Despite of that, I'm in this first group, I have received the mail confirming the transfer, last Friday.
I'm just waiting for it to appear in my account (hasn't yet... but "I'm loving" the delay, since EURUSD is plunging, lol)

Anyway, you might be (or not) in second group for any other reason (simple logistics, part of the world, bank system, amount to receive, etc...)
  • #6,866
  • May 20, 2015 2:09am May 20, 2015 2:09am
Quoting tonirai
{quote} I don't think that will affect timing much... at least it doesn't seen to have in my case: I corrected a detail in my name (first name in double), and because of that, later they asked me to input my bank details all over again (from scratch), and send paper prove (a bank receipt where both my name and account number were visible). Despite of that, I'm in this first group, I have received the mail confirming the transfer, last Friday. I'm just waiting for it to appear in my account (hasn't yet... but "I'm loving" the delay, since EURUSD...
thats a good relief thanx for your precious info bro
  • #6,867
  • May 20, 2015 2:29am May 20, 2015 2:29am
Just to give everyone a heads up as well. I did receive the first 50K Pounds on the 20th. Unfortunately my exchange rate was 1.1384 ;( I wish they would have waited another 2 days. Anyhow, glad we are getting some money back now. G/L all
  • #6,868
  • May 20, 2015 2:33am May 20, 2015 2:33am
Quoting madsuh
Just to give everyone a heads up as well. I did receive the first 50K Pounds on the 20th. Unfortunately my exchange rate was 1.1384 ;( I wish they would have waited another 2 days. Anyhow, glad we are getting some money back now. G/L all
Wow big amount 50kgbp ! Super FSCS I'm sorry for your others money. My bank exchanged at 1.1218 yesterday i guess.
myfxbook: neoxis
  • #6,869
  • May 20, 2015 4:22am May 20, 2015 4:22am
Spoken to FSCS a minute ago . tel: 0044 (0) 20 7741 4100

They are done with the first payments and will start with the second payments soon.
The lady told me that the second payments will be finalized by next week and that all should be compensated ( Money in the bank) by next week Friday the 29th.

You will receive an email notifying you of the payment.

G
Never Ever Give Up!
  • #6,870
  • May 20, 2015 5:30am May 20, 2015 5:30am
what do you mean by second Payment? Do you mean my remaining outstanding balance over the 50K?
  • #6,871
  • May 20, 2015 5:45am May 20, 2015 5:45am
Quoting madsuh
what do you mean by second Payment? Do you mean my remaining outstanding balance over the 50K?
No .

I was asking about those like myself who already agreed balances ( in my case on the 22nd of April) and have not received an email notifying me of their intend to pay me.

She then told me that the rest of the people ( who have a claim against FSCS and who have not been paid now) will be paid before month end.

In your case KPMG will deal further with you as FSCS already paid out the maximum to you. KPMG already indicated that they will pay 51c/$ in their first distribution and when the complete insolvent estate has been rounded up will they again make a last distribution of some sort. This is only applicable to:

1) people who are claiming directly from KPMG
2) And to those who have more than GBP50 000-00 in their total claim.


G
Never Ever Give Up!
  • #6,872
  • May 20, 2015 5:51am May 20, 2015 5:51am
Received full payment yesterday. Thanks FSCS.
What you deserve is what you get
  • #6,873
  • May 20, 2015 6:00am May 20, 2015 6:00am
Quoting tradenow
Received full payment yesterday. Thanks FSCS.

Did you receive an email from them prior to the payout? Did they inform you that payment is on the way?


G
Never Ever Give Up!
  • #6,874
  • May 20, 2015 6:53am May 20, 2015 6:53am
Just out of curiosity, is there anyone among those, like myself, who received the e-mail last Friday saying that payment has been sent, but haven't received it in their account yet?
  • #6,875
  • May 20, 2015 7:08am May 20, 2015 7:08am
Quoting tonirai
Just out of curiosity, is there anyone among those, like myself, who received the e-mail last Friday saying that payment has been sent, but haven't received it in their account yet?
yes, same situation for me. In the mail they stated that it could take 7 working days so we are not entitled to complain yet

-Popko-
  • #6,876
  • May 20, 2015 7:18am May 20, 2015 7:18am
no mail, no money for two accounts assigned to FSCS
Forex can only be understood backwards, but it must be traded forwards.
  • #6,877
  • May 20, 2015 7:23am May 20, 2015 7:23am
i thought everyone assigned to ETX should receive funds all at once :s
  • #6,878
  • May 20, 2015 7:30am May 20, 2015 7:30am
Quoting Mroue26
i thought everyone assigned to ETX should receive funds all at once :s
No cause ETX receive money from FSCS so only up 50k for now and the remain dividends same with FSCS than transfered to ETX.

Cause when you chose FSCS you declare to move all your claim (50k plus dividends) with them. So all claim will be processed 100% from FSCS not from KPMG.
myfxbook: neoxis
  • #6,879
  • May 20, 2015 7:46am May 20, 2015 7:46am
Quoting neoxis
{quote} No cause ETX receive money from FSCS so only up 50k for now and the remain dividends same with FSCS than transfered to ETX. Cause when you chose FSCS you declare to move all your claim (50k plus dividends) with them. So all claim will be processed 100% from FSCS not from KPMG.
i have only 13700 thats not my point, i mean etx client who agreed to receive their funds in their new accounts are all agreed together and the 30% credit is already there waiting for the rest of the $ to come
  • #6,880
  • May 20, 2015 8:07am May 20, 2015 8:07am
Quoting Cobra
{quote} ..............................................In your case KPMG will deal further with you as FSCS already paid out the maximum to you. KPMG already indicated that they will pay 51c/$ in their first distribution and when the complete insolvent estate has been rounded up will they again make a last distribution of some sort.

This is only applicable to: 1) people who are claiming directly from KPMG 2) And to those who have more than GBP50 000-00 in their total claim. G
KPMG won't deal with Mahsud because his legal rights have been transferred to FSCS. However, FSCS will pay the distribution received from KPMG to him. Yes, FSCS has paid out the maximum of GBP 50,000 but they will also pay the dividends received after that (up to the claim entitlement amount).
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