ALPARI is gone - forever...

Now that Alpari is gone ... I wish to know if any one can suggest a new broker where to open an account.

Any one has any idea?

Thanks a lot

Seems like someone bough alpari brand or something? www.alpari.com now redirects you to the new site . I quess this is just the brand they bought and you cannot even login right ?

It's one of the original share holders. Starting to look suspicious this now....

stevetrade posted:
It's one of the original share holders. Starting to look suspicious this now....

I called it a couple of pages ago...they are mafia run!

I don't see nothing of suspicious in this. Unfortunately To who ever was in during the insolvency day we still need to wait sooner or later we will have our money back .... actually there is a 30% of bonus for the Alpari UK clients.

Ma come sono in insolvenza è adesso riaprono i commerci solo per il regno unito, e tutti i clienti con un saldo attivo non si sa ancora niente. Non riesco a capire qualcuno sa dare una spiegazione di questa situazione ?

I will never again go to Alpari or any company related to them or their name.
- No word regarding the old client-funds or insolvency
- Bonus: Do you really mind trading 150 lots a month ? That's ridiculous !
- I've still no information what's happening to my money ! Maybe I get only a part of the money on a pro-rata-basis. So maybe I have to sign that I will renounce to the rest or I have to wait for several months in uncertainty.
When they are mafia maybe we should get our money back the mafia-way...😇

But I had time to do some research regarding the forex-brokers. Most of them suck but some I think you may use:

- Active Trades
- Avatrade
- Darwinex
- Ducascopy
- FinFX
- Global Prime (my favorite)
- Interactive Brokers

What do you think ?

This is a very big question after Alpari, not sure any more which broker to choose so far I have a demo account with EXNESS just open few days ago.

What you think about this?

I contacted Avatrade few months ago I didn't like their insistance to open a real account, also their demo last only for a month the reason was obviously to pusm me to open a real account.

I had a look on the others you listed as well, the most I did like was Dukascopy.

Don't rely on one broker. Surely this experience taught you this lesson? I run accounts with up to 10 brokers with trades copied between then.
Best regards Steve

Steve, what's the copier software you use? What is it you like/dislike about the software?

I use the free one from FX Blue. It works fine and has plenty of options.
Best regards Steve

@tchutchuco
I've sorted out exness out because they got some negative reviews here on myfxbook (It looks like someone from the company joined the discussion without telling that). And I don't know if it's a true ECN-broker
On the pro-side: They won't let you pay negative balances and they have leverage 1:2000 for those who need it.
I prefer Dukascopy too and I think I'm going to open an account there as soon as I get my money back from Alpari.
Global Prime is relatively new but they have transparency in their order-system. They say they can provide a trade receipt on any trade taken which shows which bank/liquidity provider filled the trade. I've never seen such a service at any broker.
@stevetrade
That'a good idea, but ten ? Is it working well with this copy-tool (realtime, relying) and
Is it for metatrader ?

shame that alpari is settled

New update for Alpari insolvency
https://www.insolvency-kpmg.co.uk/case+KPMG+AF119D1101.html

Just a curiosity .... me so far I haven't received any mail from Alpari and you guys?

Best regards,
tchutchuco

stevetrade posted:
Don't rely on one broker. Surely this experience taught you this lesson? I run accounts with up to 10 brokers with trades copied between then.
Best regards Steve

Yeah, Steve provides a good advise! Nowadays we cannot be sure in anything. Especially, such people as me, who lives in Ukraine.

And DukasCopy is really one of good brokers. At least, was when I traded with them.

BluePanther posted:

adrian8891 posted:
Alpari US is already down
Alparu UK is already down
Alpari RU - no info on site but.... think about it.

...ah the Russians. Keeping secrets. Perhaps they are gonna fail too? Or perhaps Russia will step in and say it is a Russian institute, so they will not allow it to fail (state subsidy / government bailout). 😉

isn;t UK and Russia the same company ?

tchutchuco posted:
New update for Alpari insolvency
https://www.insolvency-kpmg.co.uk/case+KPMG+AF119D1101.html

Just a curiosity .... me so far I haven't received any mail from Alpari and you guys?

Best regards,
tchutchuco

Other than some initial ones at first from KPMG no I haven't. By the way, as they aren't sending out email notifications of new content you might want to set up a web page monitor for changes to that page. Here's some you could use. I use the Chrome extension.

https://www.hongkiat.com/blog/detect-website-change-notification/

Best regards Steve

stevetrade posted:

Other than some initial ones at first from KPMG no I haven't. By the way, as they aren't sending out email notifications of new content you might want to set up a web page monitor for changes to that page. Here's some you could use. I use the Chrome extension.

https://www.hongkiat.com/blog/detect-website-change-notification/

Best regards Steve

Thanks a lot Steve for the tip.
This is my first time I am in this situation and I just started FX few months before everithing happened.
I haven't understood yet if I have to claim through the site that they say are preparing or I have to fill up any form ... can you help Please?

Regards,
Silverio

dont know about you guys but i got an email from [email protected] last night , 😎 long time no see .Lol

Dear Sir/Madam
Alpari (UK) Limited – in Special Administration (the ‘Company’)
Joint Special Administrators – Samantha Bewick, Richard Heis and Mark Firmin

The proposals for the special administration are available to view and download at www.kpmg.com/uk/alpari.

We are convening a meeting of creditors and clients in order to seek approval of our proposals and to decide whether to establish a Creditors’ Committee comprising representatives of creditors and clients. The meeting will be held at Central Hall Westminster, Storey’s Gate, London, SW1H 9NH on 12 March 2015 at 11:00am.

In view of the large number of clients and creditors, in accordance with Rule 297 of The Investment Bank Special Administration (England and Wales) Rules 2011, certain statutory documents are being made available electronically. The following documents can be viewed and downloaded from www.kpmg.com/uk/alpari (“the Website”):

    The Joint Special Administrators’ Proposals;
    Formal notice convening the meeting of creditors and clients;
    Retail Client statement of claim form;
    Retail Client proxy form;
    Creditor and Introducing Broker statement of claim form;
    Professional Client statement of claim form; and
    Creditor, Professional Client and Introducing Broker proxy form.

(together “the Documents”).

If you require a hard copy of the Documents, please:

    Telephone +44 (0) 333 202 1397;
    Email [email protected];
    Write to: Alpari (UK) Limited (in Special Administration), c/o KPMG LLP, 8 Salisbury Square, London, EC4Y 8BB.

In order to vote, clients and creditors must have either submitted a statement of claim form or, if access has been allowed, agreed their balance(s) on the Claims Portal (see details below). This must be received by 12 noon on 11 March 2015 in order to be counted.

The Special Administrators will be sending the majority of clients (who had cash balances at 9.00 GMT on 15 January 2015 and entered no further trades) an email over the coming days with access details to the Claims Portal. This will allow those clients to view their statement as at 19 January 2015. A client’s agreement to their claim in the Claims Portal will be accepted for both voting purposes at the Initial Meeting (therefore there is no need for those clients to submit a statement of claim) and any distribution(s) from the Special Administration.

For those clients who have not received an email and do not have access to the Claims Portal, claimants will be permitted to submit claims on an estimated basis which may include the last statement that you received. Please note that submitting an estimated claim for voting purposes is not an agreement of your claim for any other purpose. If you are unable to determine your claim value with any certainty, the Special Administrators request that you submit an estimated claim for voting purposes and submit a formal claim for distribution purposes at a later date.

If you submit a statement of claim and then agree your claim via the Claims Portal prior to 12.00 noon on 11 March 2015, please note that your agreement to your claim in the Claims Portal will supersede your statement of claim. Your agreement to your claim in the Claims Portal will then be used for both voting purposes at the Initial Meeting and any distribution(s) from the Special Administration.

Any proxies that are intended to be used must be submitted to me by the date of the meeting. Please refer to Appendix 6 of the proposals, being further information regarding the initial meeting of clients and creditors and the voting process as well as for assistance regarding completion of the relevant claim and proxy form.

For further information regarding the Documents, please see the frequently asked questions on the Website. If you have any queries, please contact us using the details given above.

Yours faithfully
For Alpari (UK) Limited – in Special Administration

Samantha Bewick
Joint Special Administrator