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ALPARI is gone - forever...

Jan 16, 2015 at 11:54
10,591 Views
227 Replies
Member Since Jan 31, 2014   83 posts
Jul 04, 2015 at 09:47
You will only get cover for the limits specified.
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since May 17, 2010   13 posts
Jul 04, 2015 at 11:41
peoples with <50k still waiting ;)
Member Since Dec 16, 2011   297 posts
Sep 30, 2015 at 06:05
Any updates on when we get the rest of are money back >? its been a long time
Member Since Jul 06, 2014   2 posts
Apr 24, 2016 at 06:35
It seems to be a good broker!
Member Since Dec 11, 2015   1487 posts
May 03, 2016 at 09:50
Wait, so Alpari gave out $2.36 mln as bonuses since its relaunch (https://smnweekly.com/2016/04/13/alpari-gives-out-over-2-36-mln-under-loyalty-program-since-launch/) but they haven't yet paid out their debts to traders who lost their money? Really? I'm questioning your accounts, I'm just mind-boggled Alpari can be this unethical.
Member Since Feb 22, 2011   4862 posts
May 04, 2016 at 12:02
mlawson71 posted:
Wait, so Alpari gave out $2.36 mln as bonuses since its relaunch (https://smnweekly.com/2016/04/13/alpari-gives-out-over-2-36-mln-under-loyalty-program-since-launch/) but they haven't yet paid out their debts to traders who lost their money? Really? I'm questioning your accounts, I'm just mind-boggled Alpari can be this unethical.

Wait a moment, so this crappy broker got in insolvence and it dares to enter busines again?
forex_trader_188386
Member Since Apr 30, 2014   3 posts
May 04, 2016 at 12:52
mlawson71 posted:
Wait, so Alpari gave out $2.36 mln as bonuses since its relaunch (https://smnweekly.com/2016/04/13/alpari-gives-out-over-2-36-mln-under-loyalty-program-since-launch/) but they haven't yet paid out their debts to traders who lost their money? Really? I'm questioning your accounts, I'm just mind-boggled Alpari can be this unethical.
The Russian company has no financial ties to the UK arm that went under. Totally irrelevant.
Member Since Dec 11, 2015   1487 posts
May 06, 2016 at 09:39 (edited May 06, 2016 at 09:40)
Trader999 posted:
mlawson71 posted:
Wait, so Alpari gave out $2.36 mln as bonuses since its relaunch (https://smnweekly.com/2016/04/13/alpari-gives-out-over-2-36-mln-under-loyalty-program-since-launch/) but they haven't yet paid out their debts to traders who lost their money? Really? I'm questioning your accounts, I'm just mind-boggled Alpari can be this unethical.
The Russian company has no financial ties to the UK arm that went under. Totally irrelevant.

I confess I am a little confused, didn't they start up the UK branch again?
Member Since Dec 11, 2015   1487 posts
May 10, 2016 at 09:31
togr posted:
mlawson71 posted:
Wait, so Alpari gave out $2.36 mln as bonuses since its relaunch (https://smnweekly.com/2016/04/13/alpari-gives-out-over-2-36-mln-under-loyalty-program-since-launch/) but they haven't yet paid out their debts to traders who lost their money? Really? I'm questioning your accounts, I'm just mind-boggled Alpari can be this unethical.

Wait a moment, so this crappy broker got in insolvence and it dares to enter busines again?

That was my assumption, as you can see above, but apparently I was wrong. I am assuming though that both the Russian and the British company are owned by the same people, so my original point still stands - they're giving out bonuses in a whole different country while the people who lost their money haven't been paid off.
Member Since Feb 22, 2011   4862 posts
May 10, 2016 at 11:05
In any way how could you trust broker name Alpari
Member Since Dec 11, 2015   1487 posts
May 12, 2016 at 09:57
togr posted:
In any way how could you trust broker name Alpari

Hahahah, good point. I've seen weirder though.
Member Since Dec 11, 2015   1487 posts
Jun 07, 2016 at 09:16 (edited Jun 07, 2016 at 09:16)
Ha, it looks like the Bank of Russia doesn't trust them either, because they denied them the license they applied for in the end of last year. (https://smnweekly.com/2016/06/03/bank-of-russia-denies-forex-broker-license-to-alpari-forex-club/) Unsurprisingly they've stated they'll apply again for a license.
Member Since Mar 18, 2016   127 posts
Jun 07, 2016 at 09:32
I must mention : I never ever came across the term 'off quotes' until recently. One of my clients are with the RU division..
I do trade analysis each morning and place trades accordingly (not this profile) I have about 4 clients I trade for. The first three are quick and easy, then I get to this one - I leave it for last. I sometimes struggle for quite a while. If I ever get another client with this broker, I will refuse.
My accounts will ALWAYS show high DD. This is done purposely to maximize our withdrawals every week.
Member Since Dec 11, 2015   1487 posts
Jun 08, 2016 at 09:54
wiseinvest posted:
I must mention : I never ever came across the term 'off quotes' until recently. One of my clients are with the RU division..
I do trade analysis each morning and place trades accordingly (not this profile) I have about 4 clients I trade for. The first three are quick and easy, then I get to this one - I leave it for last. I sometimes struggle for quite a while. If I ever get another client with this broker, I will refuse.

I don't think I've ever heard that term either. What's that?
Member Since Mar 18, 2016   127 posts
Jun 08, 2016 at 10:05 (edited Jun 08, 2016 at 10:32)
Not sure, maybe their own term? Never bothered to find out, I will just steer clear. I get this error when placing orders..
90% of the time it is because my order is probably too close to price, and it throws that error.. Understandable, I guess (Although I do exactly the same on three other brokers with no problems, my orders can even be closer to price!) but then sometimes it gives me that error when trying to put stops?!? Sometimes I try like 6-10 times to place a friggin stop, and then eventually give up and let that trade go without a stop. #whatabadbroker
My accounts will ALWAYS show high DD. This is done purposely to maximize our withdrawals every week.
Member Since Nov 14, 2015   325 posts
Jun 08, 2016 at 12:46 (edited Jun 08, 2016 at 12:47)
Market makers tend to get off-quote if the market price have moved from the offered price as those prices are slippage free (or sometimes slippage capped). You get that at etc Oanda as well. True ECN brokers won't give you off-quotes ever.
Member Since Dec 11, 2015   1487 posts
Jun 10, 2016 at 10:16
wiseinvest posted:
Not sure, maybe their own term? Never bothered to find out, I will just steer clear. I get this error when placing orders..
90% of the time it is because my order is probably too close to price, and it throws that error.. Understandable, I guess (Although I do exactly the same on three other brokers with no problems, my orders can even be closer to price!) but then sometimes it gives me that error when trying to put stops?!? Sometimes I try like 6-10 times to place a friggin stop, and then eventually give up and let that trade go without a stop. #whatabadbroker

That sounds incredibly frustrating at best and potentially like a money-losing combination at worst. :(

@stian

Thank you for explaining that to me.
Member Since Jun 11, 2016   3 posts
Jun 12, 2016 at 10:36
i trade with alpari for a year now and never experience problem at all
Member Since Jun 13, 2016   3 posts
Jun 14, 2016 at 07:50
i never trade with alapari but i looked at their website and get interested because of they held very atractive live contest with good prize
Member Since Dec 11, 2015   1487 posts
Aug 09, 2016 at 09:44
So apparently the Russian Alpari has left their offshore regulation in Malta. (https://smnweekly.com/2016/07/25/alpari-withdraws-malta-will-seek-alternative-european-jurisdiction/) They don't have a license in Russia either, not yet anyway. Basically they're unregulated now. Interesting. Wouldn't it have been wiser to get license somewhere else before withdrawing from Malta?
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