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ALPARI is gone - forever...
Membre depuis Dec 10, 2014
posts 75
Apr 08, 2015 at 09:40
Is there anyone who withdrew at least his/her own funds (w/out profit, just deposit)?
Let's make a profit)))
Apr 16, 2015 at 06:40
So... 51 cents in the dollar interim distribution to be announced this month:
https://www.insolvency-kpmg.co.uk/Viewer/pdfViewer.aspx?sid=hodbsi5ugbyo1hf5vyxm0yzg&did=2d18ad54-2948-4420-9ce8-3e71d396b5a3
With FSCS compensation "aligned" - don't know quite what that means.
https://www.insolvency-kpmg.co.uk/Viewer/pdfViewer.aspx?sid=hodbsi5ugbyo1hf5vyxm0yzg&did=2d18ad54-2948-4420-9ce8-3e71d396b5a3
With FSCS compensation "aligned" - don't know quite what that means.
Membre depuis Nov 06, 2014
posts 28
Apr 18, 2015 at 03:33
Hi ther,
If I am not intrusive can I ask to the community if some one has taken the chance to get in with this ETX Capital..
Thks
If I am not intrusive can I ask to the community if some one has taken the chance to get in with this ETX Capital..
Thks
Membre depuis Jan 09, 2014
posts 107
Apr 18, 2015 at 13:43
alphafx posted:
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 ?
try asia o arab broker . i have try more than 50 broker . only 4 are russia broker .
Membre depuis Jan 31, 2014
posts 83
Apr 19, 2015 at 20:43
History filled with big corporations. Some survive ,some do not. Examples found everywhere TWA, Enron, LloydsTSB & more. Alpari was a victim of what forex is all about. No set rules, no certainty of what happens next. 3 choices buy, sell or stay out.
KPMG, FSA,ETX will rumble on and realise this only people making money from this are KPMG while they hold the client fund. Poirates they be but unfortunately they hold the musket.
About time FSA made it time limited and fined KPMG for dragging their heels.
A set time for seeking buyers and a set time for paying out all monies. 100 days Max is fair.
KPMG, FSA,ETX will rumble on and realise this only people making money from this are KPMG while they hold the client fund. Poirates they be but unfortunately they hold the musket.
About time FSA made it time limited and fined KPMG for dragging their heels.
A set time for seeking buyers and a set time for paying out all monies. 100 days Max is fair.
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Apr 22, 2015 at 10:52
jimrob posted:
So... 51 cents in the dollar interim distribution to be announced this month:
https://www.insolvency-kpmg.co.uk/Viewer/pdfViewer.aspx?sid=hodbsi5ugbyo1hf5vyxm0yzg&did=2d18ad54-2948-4420-9ce8-3e71d396b5a3
With FSCS compensation "aligned" - don't know quite what that means.
Does anyone know if FSCS "top up" the funds that are left from the estate of bankrupcy meaning that if there is 51 cents on the dollar left, will you as a client receice all funds back (51 % from Alpari and 49 % from FSCS) or how does it work?
I also wonder, does KMPG in this case have their cut before the clients hav theirs. I mean, will the funds for the clients decrease the longer KMPG work with the case?
Thanks!!
Apr 22, 2015 at 19:33
As I understand, if you assign your claim to the client money pool to the FSCS, they will pay out all of your claim (capped at £50k) relatively quickly. If your claim is more than £50k, you'll get £50k and then the FSCS will pay out more in the future if/when they receive more.
If you don't assign your claim, you receive whatever the JSAs payout as and when they do, initially indicated as 51% interim payment.
My claim is (a lot) less than £50k, so I have assigned mine in the hope of being paid out quicker.
Also as I understand it, KPMG have no claim on the client pooled monies as these were held separate from the company money for our protection (FCA rules). So, if you're a retail client their fees are not a concern. If you are a creditor or a professional client then yes, I think there is reason to be concerned!
If you look at the statements in the presentations they have published, KPMG seem to be estimating costs of £7-8m !
If you don't assign your claim, you receive whatever the JSAs payout as and when they do, initially indicated as 51% interim payment.
My claim is (a lot) less than £50k, so I have assigned mine in the hope of being paid out quicker.
Also as I understand it, KPMG have no claim on the client pooled monies as these were held separate from the company money for our protection (FCA rules). So, if you're a retail client their fees are not a concern. If you are a creditor or a professional client then yes, I think there is reason to be concerned!
If you look at the statements in the presentations they have published, KPMG seem to be estimating costs of £7-8m !
Apr 23, 2015 at 17:49
@jimrob
Thanks.
So you mean that no matter what happens, client funds up to £50 k is allways guaranteed by FSCS? But still no funds have been paid back?
Then, I can see no reason why you would not go with that alternative? I mean why chose 52 % when you can have it all, and if it also takes longer....?
In theory, it suppose to be like this, but let us hope it is also the same in reality. Hell of a zalary!!
So to sum up, if you have funds at a UK regulated broker, and as long as you do not burn your funds youself, you will allways have your £50k safe?
Thanks.
So you mean that no matter what happens, client funds up to £50 k is allways guaranteed by FSCS? But still no funds have been paid back?
Then, I can see no reason why you would not go with that alternative? I mean why chose 52 % when you can have it all, and if it also takes longer....?
In theory, it suppose to be like this, but let us hope it is also the same in reality. Hell of a zalary!!
So to sum up, if you have funds at a UK regulated broker, and as long as you do not burn your funds youself, you will allways have your £50k safe?
forex_trader_65313
Membre depuis Feb 10, 2012
posts 4
May 13, 2015 at 06:34
VPTrader posted:
@jimrob
So to sum up, if you have funds at a UK regulated broker, and as long as you do not burn your funds youself, you will allways have your £50k safe?
As long as UK is solvent and willing to compensate, yes.
Membre depuis Jan 31, 2014
posts 83
May 13, 2015 at 07:08
51% of each clients total funds should be paid out by end of this month according to last communique from KPMG
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
May 13, 2015 at 08:46
May 16, 2015 at 10:19
@Sceadagenga
To benefit from FSCS you have to assign your claim to them, they will pay out up to £50k and then anything above that that they receive from the administrators they will also pass on. So, you are never any worse off, and you can get paid out 100% up to £50k, and quicker.
Yes, in my honest opinion it's a no-brainer, but that's just me.
*** NEWS ***
I got an email today saying that my claim has been confirmed as eligible for compensation under FSCS COMP rules and an electronic payment has been made to my bank account. 😀 Can't see it arriving yet, but the email was sent after normal banking hours.
To benefit from FSCS you have to assign your claim to them, they will pay out up to £50k and then anything above that that they receive from the administrators they will also pass on. So, you are never any worse off, and you can get paid out 100% up to £50k, and quicker.
Yes, in my honest opinion it's a no-brainer, but that's just me.
*** NEWS ***
I got an email today saying that my claim has been confirmed as eligible for compensation under FSCS COMP rules and an electronic payment has been made to my bank account. 😀 Can't see it arriving yet, but the email was sent after normal banking hours.
May 16, 2015 at 10:32
jimrob posted:
@Sceadagenga
To benefit from FSCS you have to assign your claim to them, they will pay out up to £50k and then anything above that that they receive from the administrators they will also pass on. So, you are never any worse off, and you can get paid out 100% up to £50k, and quicker.
Yes, in my honest opinion it's a no-brainer, but that's just me.
*** NEWS ***
I got an email today saying that my claim has been confirmed as eligible for compensation under FSCS COMP rules and an electronic payment has been made to my bank account. 😀 Can't see it arriving yet, but the email was sent after normal banking hours.
I am an Australian resident . I wonder if I am eligible for compensation under FSCS .
Often , the best trade is no trade at all
May 17, 2015 at 06:28
@Tranle447
I don't know, but I can't see any exclusions based on residency in the rules:-
http://fshandbook.info/FS/html/FCA/COMP/4/2
I don't know, but I can't see any exclusions based on residency in the rules:-
http://fshandbook.info/FS/html/FCA/COMP/4/2
forex_trader_207433
Membre depuis Sep 13, 2014
posts 3
May 17, 2015 at 06:34
The company is bankrupt Alpari?
