ALPARI is gone - forever...
Mar 16, 2015 at 14:21
(edited Mar 16, 2015 at 14:34)
CLAIM PORTAL
https://www.alpariadministration.com
use your ALPARI log in details .
im confused
The role of the FSCS
As you may be aware, the FSCS is the compensation fund of last resort for customers of financial services firms authorised in the United Kingdom. It protects consumers if an authorised firm, like Alpari (UK) Limited (in special administration), becomes insolvent and cannot return money or investments to its customers. It describes this as 'being in default'. For eligible claims the FSCS can pay up to £50,000 in compensation per person. In exchange for this payment, you must assign your claims against Alpari (UK) Limited (in special administration) arising out of your Client Agreement to the FSCS. If you would like more information about the FSCS, you should visit their website at https://www.fscs.org.uk.
The amount of the claim for which you should seek compensation from the FSCS should be whichever is the greater of your Client Money Entitlement and your Contractual Claim Amount (if they are different).
Applying to the FSCS for compensation is a separate and parallel process to claiming against Alpari (UK) Limited (in special administration) in the special administration. If you intend to apply for compensation from the FSCS, you should note that the FSCS will only make payments to you in accordance with its rules and if the value of your claims have first been agreed in full by the Joint Special Administrators. This means that if you intend to apply to the FSCS you still must agree the amount of all your claims with the Joint Special Administrators.
The FSCS will assess each claim received and will confirm whether each claim meets its eligibility criteria.
If your total eligible claim against the Company is valued in excess of £50,000 and accepted by the FSCS, it will pay the maximum compensation of £50,000 to you. The FSCS will then pass on to you any subsequent dividend payments or other distributed amounts the FSCS receive until such time (should it occur) that your total claim against the Company is satisfied in full. Thereafter the FSCS would recover any additional amounts itself to offset the cost of the £50,000 compensation paid to you.
Do you intend to make a claim for compensation from the FSCS and assign your claims to the FSCS?
If you select 'Yes' this will not automatically assign your claim to the FSCS. The FSCS will contact you in due course. You do not need to contact them.
If you select 'No', this will indicate to the Joint Special Administrators that you currently do not wish to claim compensation and assign your claim to the FSCS. This will not prevent you from claiming compensation and assigning your claims to the FSCS at a later stage, should you subsequently choose to do so.
If you do not claim compensation and assign your claims to the FSCS, you will be entitled to receive directly any distributions which may be made from the Client Money Pool in respect of your Client Money Entitlement and any distributions which may be made from the general estate in respect of your Contractual Claim Amount. The Joint Special Administrators have not currently declared any distributions; it may take some time for any to be made; and you may not receive distributions in the full amount of your Client Money Entitlement or Contractual Claim Amount. Seeking compensation from the FSCS is likely to result in you receiving your money more quickly than by retaining your claim against Alpari (UK) Limited (in special administration).
If you select 'No', you will need to confirm or provide your bank account details and, if necessary, supporting documents on this Claims Portal so that the Joint Special Administrators can, in due course, make payments to you in respect of your claims.
should i chose YES or NO
https://www.alpariadministration.com
use your ALPARI log in details .
im confused
The role of the FSCS
As you may be aware, the FSCS is the compensation fund of last resort for customers of financial services firms authorised in the United Kingdom. It protects consumers if an authorised firm, like Alpari (UK) Limited (in special administration), becomes insolvent and cannot return money or investments to its customers. It describes this as 'being in default'. For eligible claims the FSCS can pay up to £50,000 in compensation per person. In exchange for this payment, you must assign your claims against Alpari (UK) Limited (in special administration) arising out of your Client Agreement to the FSCS. If you would like more information about the FSCS, you should visit their website at https://www.fscs.org.uk.
The amount of the claim for which you should seek compensation from the FSCS should be whichever is the greater of your Client Money Entitlement and your Contractual Claim Amount (if they are different).
Applying to the FSCS for compensation is a separate and parallel process to claiming against Alpari (UK) Limited (in special administration) in the special administration. If you intend to apply for compensation from the FSCS, you should note that the FSCS will only make payments to you in accordance with its rules and if the value of your claims have first been agreed in full by the Joint Special Administrators. This means that if you intend to apply to the FSCS you still must agree the amount of all your claims with the Joint Special Administrators.
The FSCS will assess each claim received and will confirm whether each claim meets its eligibility criteria.
If your total eligible claim against the Company is valued in excess of £50,000 and accepted by the FSCS, it will pay the maximum compensation of £50,000 to you. The FSCS will then pass on to you any subsequent dividend payments or other distributed amounts the FSCS receive until such time (should it occur) that your total claim against the Company is satisfied in full. Thereafter the FSCS would recover any additional amounts itself to offset the cost of the £50,000 compensation paid to you.
Do you intend to make a claim for compensation from the FSCS and assign your claims to the FSCS?
If you select 'Yes' this will not automatically assign your claim to the FSCS. The FSCS will contact you in due course. You do not need to contact them.
If you select 'No', this will indicate to the Joint Special Administrators that you currently do not wish to claim compensation and assign your claim to the FSCS. This will not prevent you from claiming compensation and assigning your claims to the FSCS at a later stage, should you subsequently choose to do so.
If you do not claim compensation and assign your claims to the FSCS, you will be entitled to receive directly any distributions which may be made from the Client Money Pool in respect of your Client Money Entitlement and any distributions which may be made from the general estate in respect of your Contractual Claim Amount. The Joint Special Administrators have not currently declared any distributions; it may take some time for any to be made; and you may not receive distributions in the full amount of your Client Money Entitlement or Contractual Claim Amount. Seeking compensation from the FSCS is likely to result in you receiving your money more quickly than by retaining your claim against Alpari (UK) Limited (in special administration).
If you select 'No', you will need to confirm or provide your bank account details and, if necessary, supporting documents on this Claims Portal so that the Joint Special Administrators can, in due course, make payments to you in respect of your claims.
should i chose YES or NO
Mar 17, 2015 at 08:20
As I understand it, if there is insufficient money in the client money pool (CMP) to pay all the claims, then we may not receive 100% from the JSAs, as the shortfall ranks alongside other creditors in terms of the claim on the company's assets.
I seem to recall the JSAs saying that the CMP is expected to be fully funded, but could not yet confirm. I don't know if the potential repricing of CHF trades might affect this.
One other thing is that the CMP is valued in USD. I have no idea why. My claim is in GBP, so with cable doing what it's done, perhaps I have a risk of a hit there.
I think that as my claim is (a lot) less than £50,000, I will refer my claim to the FSCS, in the hope that I am paid out the full GBP amount. I am also hoping it might be a bit quicker, but who knows.
I seem to recall the JSAs saying that the CMP is expected to be fully funded, but could not yet confirm. I don't know if the potential repricing of CHF trades might affect this.
One other thing is that the CMP is valued in USD. I have no idea why. My claim is in GBP, so with cable doing what it's done, perhaps I have a risk of a hit there.
I think that as my claim is (a lot) less than £50,000, I will refer my claim to the FSCS, in the hope that I am paid out the full GBP amount. I am also hoping it might be a bit quicker, but who knows.
Member Since Nov 26, 2014
6 posts
Mar 25, 2015 at 09:47
So it seems some people have access to claim portal already? I dont see it anywhere and I only recieved some email from KPMG that points out to their info site but not claims. Anyone here got their money or at least filled claim yet?
Member Since Nov 06, 2014
28 posts
Mar 25, 2015 at 11:00
RustCohle04 posted:
So it seems some people have access to claim portal already? I dont see it anywhere and I only recieved some email from KPMG that points out to their info site but not claims. Anyone here got their money or at least filled claim yet?
Yes I had access to the claim portal and I have filled my claim also I have decide to assign assign my claim to the FSCS with the hope to get my money back in a short term time but so far I haven't received nothing back and not even contacted yet. I beleive this will be a very slow a long process ... Patience is the key.
Member Since Jan 31, 2014
83 posts
Mar 25, 2015 at 12:02
Hello RustCohle04
I have had notification that I can start my claim through the portal however came to a blinding stop when trying to upload my banking proof document.
I e-mailed as per instruction to technical asking for support on 16th March 2015.
No Response even though they said I would have to be patient in the portal docs.
I am of the opinion (as I work in IT myself) that a technical issue should by now have been acknowledged if not addressed.
Very Poor Service KPMG - Hang your heads in shame, but what did I expect !!!!!
I have had notification that I can start my claim through the portal however came to a blinding stop when trying to upload my banking proof document.
I e-mailed as per instruction to technical asking for support on 16th March 2015.
No Response even though they said I would have to be patient in the portal docs.
I am of the opinion (as I work in IT myself) that a technical issue should by now have been acknowledged if not addressed.
Very Poor Service KPMG - Hang your heads in shame, but what did I expect !!!!!
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since Jan 31, 2014
83 posts
Mar 25, 2015 at 12:02
Hello RustCohle04
https://www.alpariadministration.com.
They said it was going to be a phased claim procedure but above is the link.
Regards
Sceadagenga
https://www.alpariadministration.com.
They said it was going to be a phased claim procedure but above is the link.
Regards
Sceadagenga
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since May 11, 2012
32 posts
Mar 26, 2015 at 15:40
Hallo all my friends out there,
Is this ANOTHER 'UK' scam thing or is it just in a brokers blood and culture to steal from other people ? When will they pay the money ??????😡
Is this ANOTHER 'UK' scam thing or is it just in a brokers blood and culture to steal from other people ? When will they pay the money ??????😡
Your attitude determines your altitude
Mar 26, 2015 at 23:52
(edited Mar 26, 2015 at 23:54)
money what money !! pay what pay !! drama drama we dont want no drama 😁
Alpari UK Sells Client Data to UK Brokerage ETX Capital
In what is potentially a multimillion pound deal, clients will have the opportunity to get their outstanding balances which are due from Alpari UK to get transferred to their trading accounts with ETX Capital.
https://forexmagnates.com/alpari-uk-sells-client-data-to-uk-brokerage-etx-capital/
hopefully we get some of are money back this year , maybe not ,god knows whats going on in there .
Alpari UK Sells Client Data to UK Brokerage ETX Capital
In what is potentially a multimillion pound deal, clients will have the opportunity to get their outstanding balances which are due from Alpari UK to get transferred to their trading accounts with ETX Capital.
https://forexmagnates.com/alpari-uk-sells-client-data-to-uk-brokerage-etx-capital/
hopefully we get some of are money back this year , maybe not ,god knows whats going on in there .
Member Since Jan 31, 2014
83 posts
Mar 27, 2015 at 09:39
Johan,
How can you say what is in the last post ?
Question - Have you had an e-mail yet from KPMG ?
If so, Have you filled in your portal claim yet ?
If the answer is No then you will need to be patient until KPMG contact you and then you will have to wait a while longer while the claim is processed via KPMG or FSCS.
Regards
How can you say what is in the last post ?
Question - Have you had an e-mail yet from KPMG ?
If so, Have you filled in your portal claim yet ?
If the answer is No then you will need to be patient until KPMG contact you and then you will have to wait a while longer while the claim is processed via KPMG or FSCS.
Regards
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since May 11, 2012
32 posts
Mar 27, 2015 at 10:36
Yes I did all the paperwork required
Next step will be to grow older..............
Next step will be to grow older..............
Your attitude determines your altitude
Member Since Jan 31, 2014
83 posts
Mar 27, 2015 at 15:56
I have read some reviews on ETX Capital who have bought the Alpari client list in the hope of drumming up business.
Has anybody had any dealings with them ?
Experience Good or Bad etc.
I would be interested to know.
Regards
Sceadagenga
Has anybody had any dealings with them ?
Experience Good or Bad etc.
I would be interested to know.
Regards
Sceadagenga
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Apr 01, 2015 at 11:16
I have conversed with ETX. They've already sent new account information to some of the old Alpari customers. This means that some people are able to trade with ETX or withdraw their funds. I am not sure why all customers haven't received the new account information.
The online reviews of ETX aren't favorable (stop hunting, arbitrarily closing accounts whilst not returning profits, outstanding customer services if you're are a loser and appalling if you are a winner etc) and my limited interaction with them is quite negative (in the CEO's welcome video he states that accounts have already been open but yet this is not the case and the customer services dealing with the Alpari clients stated that they have up to 6 weeks to return funds etc) so I will not risk trading with them. In my early trading career I traded through CMC markets (then known as Deal4Free - the original modern day bucket shop) so I am well aware of the losses that arise because of the games of the bad broker.
The online reviews of ETX aren't favorable (stop hunting, arbitrarily closing accounts whilst not returning profits, outstanding customer services if you're are a loser and appalling if you are a winner etc) and my limited interaction with them is quite negative (in the CEO's welcome video he states that accounts have already been open but yet this is not the case and the customer services dealing with the Alpari clients stated that they have up to 6 weeks to return funds etc) so I will not risk trading with them. In my early trading career I traded through CMC markets (then known as Deal4Free - the original modern day bucket shop) so I am well aware of the losses that arise because of the games of the bad broker.
Member Since Jan 31, 2014
83 posts
Apr 01, 2015 at 11:33
I have read reviews and does not look to be a good broker.
Not compatible with Zulutrade.
So I will not be transferring to them.
Surely though the funds stay in Alpari Client account until Trader either agrees to join ETX or declines ?
I hope this is the case as then we might be at the mercy of their withdrawal holdup.
Not compatible with Zulutrade.
So I will not be transferring to them.
Surely though the funds stay in Alpari Client account until Trader either agrees to join ETX or declines ?
I hope this is the case as then we might be at the mercy of their withdrawal holdup.
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Apr 01, 2015 at 12:44
Sceadagenga posted:
I have read reviews and does not look to be a good broker.
Not compatible with Zulutrade.
So I will not be transferring to them.
Surely though the funds stay in Alpari Client account until Trader either agrees to join ETX or declines ?
I hope this is the case as then we might be at the mercy of their withdrawal holdup.
Listen from 1:30 to 1:40: https://www.etxcapital.co.uk/welcome-alpari-clients/
Member Since Jan 31, 2014
83 posts
Apr 01, 2015 at 12:54
mbrown hello
What am I listening for it only mentions that they have set up accounts for all alpari accounts.
Not option to say No does not mention social trading compatibilty.
I have listened to the recording 3 times in the last 2 days so do not think I am missing anything that will influence me to say yes
What am I listening for it only mentions that they have set up accounts for all alpari accounts.
Not option to say No does not mention social trading compatibilty.
I have listened to the recording 3 times in the last 2 days so do not think I am missing anything that will influence me to say yes
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Apr 02, 2015 at 06:28
Sceadagenga greetings,
I did not realise you had listened to it before otherwise I wouldn't have tried to be helpful by posting the link.
Speculation only: it seems to me that ETX has been given the job of returning all retail clients' money via an ETX trading account as part of the KPMG deal.
I did not realise you had listened to it before otherwise I wouldn't have tried to be helpful by posting the link.
Speculation only: it seems to me that ETX has been given the job of returning all retail clients' money via an ETX trading account as part of the KPMG deal.
Apr 02, 2015 at 06:49
I have received log in details for ETX. My funds are not available.
ETX know that the we all want our money back so they are offering to 'help' release the money from the special administration. I think they are just trying to convert us to to clients of ETX.
The JSAs have stated that funds will not be available any earlier via ETX than directly from the special administration.
I still think the quickest way to get funds back will be from the FSCS, as they can pay out ahead of the JSAs completing their work. On the claims portal I agreed my claim and said I intend to claim from the FSCS. The JSAs will pass my claim to the FSCS (we are not to contact them directly apparently).
I *think* that the apparently delay in this process is due to he JSAs analyzing the pricing of CHF trades. These were the last tranche of clients to be granted access to the portal.
Has anyone who had open CHF trades been offered access to the claims portal yet?
ETX know that the we all want our money back so they are offering to 'help' release the money from the special administration. I think they are just trying to convert us to to clients of ETX.
The JSAs have stated that funds will not be available any earlier via ETX than directly from the special administration.
I still think the quickest way to get funds back will be from the FSCS, as they can pay out ahead of the JSAs completing their work. On the claims portal I agreed my claim and said I intend to claim from the FSCS. The JSAs will pass my claim to the FSCS (we are not to contact them directly apparently).
I *think* that the apparently delay in this process is due to he JSAs analyzing the pricing of CHF trades. These were the last tranche of clients to be granted access to the portal.
Has anyone who had open CHF trades been offered access to the claims portal yet?
Apr 03, 2015 at 15:05
why is this alpari still working ? www.alpari.com. I thought alpari went bankrupt already. I'm confused.
Member Since Jan 31, 2014
83 posts
Apr 03, 2015 at 15:11
bkforex posted:
why is this alpari still working ? www.alpari.com. I thought alpari went bankrupt already. I'm confused.
I think you will find that this offshore in the Caribean
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
