To use chat, please login.
Back to contacts

ALPARI is gone - forever...

Jan 16, 2015 at 11:54
10,762 Views
227 Replies
Member Since Oct 16, 2014   6 posts
Jan 16, 2015 at 17:44
Ok. Does anyone know how to try to get the funds back using the FCA ?
Member Since Nov 02, 2014   3 posts
Jan 16, 2015 at 17:44
RoboForex seems gone as well , can't withdraw
Member Since Oct 16, 2014   6 posts
Jan 16, 2015 at 17:46
The biggest Alpari UK mistake was not change the margin requirements for CHF, as Alpari Limited done.
Member Since Dec 16, 2011   297 posts
Jan 16, 2015 at 17:56
Long story short, Forex situation is as follow:

- Alpari: Insolvent 😇
- Excel Market: Insolvent 😇
- IG: $45 million hole (but company has $200 million in cash and is looking to buy brokers in problems) 😎
- FXCM: $225 million hole 😎
- Dukascopy: $40 million hole 😎
- Interactive Brokers: $120 million hole 😎
- FXPro: Announced it remains solid capitalized 😁
- Gain Capital: Reported they made profits on SNB day 😁
Member Since Oct 28, 2010   92 posts
Jan 16, 2015 at 17:59
and what about InstaForex, you know the broker on the AMF blacklist :? 😀
On entend l'arbre qui tombe mais pas la forêt qui pousse...
RSTrading
forex_trader_139412
Member Since Jul 16, 2013   385 posts
Jan 16, 2015 at 18:03
Can you tell us anything about IamFX...or FBS?
Member Since Oct 28, 2010   92 posts
Jan 16, 2015 at 18:33
Does anybody can see something about AlpariUK ? lol
Stupid AMF

https://www.amf-france.org/Epargne-Info-Service/Infos-et-guides-pratiques/Marches-fianciers-et-leurs-acteurs/Le-Forex.html

On entend l'arbre qui tombe mais pas la forêt qui pousse...
Member Since Oct 28, 2009   1423 posts
Jan 16, 2015 at 18:47
amjramjr posted:
Ok. Does anyone know how to try to get the funds back using the FCA ?

First point of contact I would ring and speak to someone in either the FCA or the Ombudsman

https://www.fca.org.uk/

https://financial-ombudsman.org.uk/

They will tell you exactly what to do.
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Jan 25, 2010   1360 posts
Jan 16, 2015 at 19:17
DrVodka posted:
Long story short, Forex situation is as follow:

- Alpari: Insolvent 😇
- Excel Market: Insolvent 😇
- IG: $45 million hole (but company has $200 million in cash and is looking to buy brokers in problems) 😎
- FXCM: $225 million hole 😎
- Dukascopy: $40 million hole 😎
- Interactive Brokers: $120 million hole 😎
- FXPro: Announced it remains solid capitalized 😁
- Gain Capital: Reported they made profits on SNB day 😁

Another one bites the dust! 😂
Member Since Apr 06, 2011   19 posts
Jan 16, 2015 at 19:30
if a broker is insolvent, what happens to the money on the client accounts??
Member Since Oct 28, 2009   1423 posts
Jan 16, 2015 at 19:30
I've registered with a lot of brokers over the years, I've lost count but it's well over 50. I'm getting emails from some brokers that I really wouldn't have put into the good category telling me how well they've coped with this week, how they are zeroing negative accounts and how they are honouring all accounts that made good profits. Weird.
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 28, 2009   1423 posts
Jan 16, 2015 at 19:31
schuttend posted:
if a broker is insolvent, what happens to the money on the client accounts??

Depends where they are regulated, in Alpari's case they have to hold retail client deposits in separate accounts as per FCA guidelines. Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Sep 09, 2014   65 posts
Jan 16, 2015 at 19:33
You are all running after widely promoted expensive brands. You believe that the regulation of the US or other will save you. Know that promoted brokers pay to regulators, it is a payment for a dishonest way of doing business. I have been realized a long time ago that the new large companies are more concerned about their reputation and the customer always get their money
There can't be enough money
Member Since Apr 06, 2011   19 posts
Jan 16, 2015 at 19:36
is fxcm regulated by FCA that you know of?
Member Since Oct 28, 2009   1423 posts
Jan 16, 2015 at 19:40 (edited Jan 16, 2015 at 19:42)
Yes
https://www.fxcm.com/uk/

As far as I know FXCM haven't gone insolvent, they're currently after $200 million from Jefferies group.
https://www.bloomberg.com/news/2015-01-16/fxcm-said-to-be-in-talks-with-jefferies-for-200-million-rescue.html

Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Apr 06, 2011   19 posts
Jan 16, 2015 at 20:15
If funds are segregated will you always get your money back? My account of FXCM is Australia based but funds are segregated and I did not experience any loss.
Is there a maximum on which they will ensure?

Regards,
Dennis
Member Since Jan 13, 2015   4 posts
Jan 17, 2015 at 10:33
The most important now, is you can withdraw your deposit, I Know many friends you can't withdraw...
Thanks a god I'm working with onasis.

Member Since May 20, 2014   1 posts
Jan 17, 2015 at 10:34
ChrisMuzhik posted:
You are all running after widely promoted expensive brands. You believe that the regulation of the US or other will save you. Know that promoted brokers pay to regulators, it is a payment for a dishonest way of doing business. I have been realized a long time ago that the new large companies are more concerned about their reputation and the customer always get their money
The smartest? So what is your broker?
Member Since Nov 06, 2014   28 posts
Jan 17, 2015 at 10:34
If any one found out already the procedure to get the money back can you guys just type in this forum so every one else is aware on what to do.

Thanks a lot,

tchutchuco
Member Since Mar 31, 2014   43 posts
Jan 17, 2015 at 10:35
Usually a regulator grants retail customers only a certain amount of money. FCA (better FSCS), if I am not mistaken, grants up to 50k GBP.
mendeco@
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.