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ALPARI is gone - forever...

keith Mellor (Sceadagenga)
Jul 04 2015 at 09:47
83 posts
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)
stratos
Jul 04 2015 at 11:41
13 posts
peoples with <50k still waiting ;)
DrVodka
Sep 30 2015 at 06:05
297 posts
Any updates on when we get the rest of are money back >? its been a long time
neilworldfx2
Apr 24 2016 at 06:35
2 posts
It seems to be a good broker!
mlawson71
May 03 2016 at 09:50
1487 posts
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.
vontogr (togr)
May 04 2016 at 12:02
4862 posts
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?
Trader999
May 04 2016 at 12:52
3 posts
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.
mlawson71
May 06 2016 at 09:39
1487 posts
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?
mlawson71
May 10 2016 at 09:31
1487 posts
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.
vontogr (togr)
May 10 2016 at 11:05
4862 posts
In any way how could you trust broker name Alpari
mlawson71
May 12 2016 at 09:57
1487 posts
togr posted:
In any way how could you trust broker name Alpari

Hahahah, good point. I've seen weirder though.
mlawson71
Jun 07 2016 at 09:16
1487 posts
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.
wiseinvest
Jun 07 2016 at 09:32
127 posts
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.
mlawson71
Jun 08 2016 at 09:54
1487 posts
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?
wiseinvest
Jun 08 2016 at 10:05
127 posts
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.
stian
Jun 08 2016 at 12:46
325 posts
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.
mlawson71
Jun 10 2016 at 10:16
1487 posts
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.
mizanak
Jun 12 2016 at 10:36
3 posts
i trade with alpari for a year now and never experience problem at all
ikhana
Jun 14 2016 at 07:50
3 posts
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
mlawson71
Aug 09 2016 at 09:44
1487 posts
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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