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ALPARI is gone - forever...

EijiFutures (EijiFutures)
Jan 17 2015 at 10:35
1 posts
1. I have 2 account on Alpari UK server Market-MENA ; 1st account = 52,122 US$ & 2nd account 30,840 US$, after this SNB case and Alpari saying they are having insolvency, could all of my money from my 1st account and 2nd account be withdraw?

2. How to withdraw my fund? since their website (especially MyAlpari login which is for withdrawing) couldnt be accessed>?

I'm really sad hearing alpari uk having insolvency :(

stevetrade (stevetrade)
Jan 17 2015 at 10:56
1408 posts
I filed a same day withdrawal with Alpari Friday morning before the announcement. It didn't get actioned even though I got the email saying it had. I guess it's down to the long, laborious compensation system. Be warned these things can take months and sometimes years.

Don't count on having it any time soon. I was once taken out of the game for 18 months waiting for compensation.

For anyone that isn't broker diversified I guess this is a good lesson for you. I use 10 brokers at a time, which is a total pain but Thursday's events show why such an approach is prudent.
Best regards Steve

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
rob559
Jan 17 2015 at 17:28
1916 posts
so when a broker says that your money is into a segregated acc is it true or not ?

tranle447 (tranle447)
Jan 17 2015 at 22:45
120 posts
rob559 posted:
so when a broker says that your money is into a segregated acc is it true or not ?


It is is very true . But it does not mean your account is safe ,it is not because your broker tries to steal your funds , when an unexpected event occurred like Swiss franc losses few days ago , most of the accounts of traders went negative , a whole segregated account would have been wiped out . Your account would be affected , even you made a lot of profits .

Often , the best trade is no trade at all
BluePanther (BluePanther)
Jan 18 2015 at 00:51
1353 posts
stevetrade posted:
For anyone that isn't broker diversified I guess this is a good lesson for you. I use 10 brokers at a time, which is a total pain but Thursday's events show why such an approach is prudent.
Best regards Steve


Of course diversification is an excellent strategy - if you have the funds! I never have enough funds to diversify beyond one broker though...

You must be loaded! 😲 😎

lastruffryder (lastruffryder)
Jan 18 2015 at 08:47
2 posts
Wats alpari? Is that a broker?

amjramjr (amjramjr)
Jan 18 2015 at 08:53
6 posts
'The board of directors are urgently considering all options including a sale' as said in the latest announcement.
Maybe it could be a light in the dark night ! :)

tchutchuco
Jan 18 2015 at 08:54
28 posts
This is the latest announcement on Alpari UK site

'
Important announcement

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. Retail client funds continue to be segregated in accordance with FCA rules. For the avoidance of any doubt and notwithstanding previous announcements by the company, Alpari (UK) Limited has not entered a formal insolvency process. The board of directors are urgently considering all options including a sale and are liaising closely with the FCA. We hope to make a further announcement shortly.'



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