ALPARI is gone - forever...

Jan 16, 2015 at 11:54
Vistas 10,951
227 Replies
Miembro desde Oct 16, 2014   posts 6
Jan 16, 2015 at 17:44
Ok. Does anyone know how to try to get the funds back using the FCA ?
Miembro desde Nov 02, 2014   posts 3
Jan 16, 2015 at 17:44
RoboForex seems gone as well , can't withdraw
Miembro desde Oct 16, 2014   posts 6
Jan 16, 2015 at 17:46
The biggest Alpari UK mistake was not change the margin requirements for CHF, as Alpari Limited done.
Miembro desde Dec 16, 2011   posts 297
Jan 16, 2015 at 17:56
Long story short, Forex situation is as follow:

- Alpari: Insolvent 😇
- Excel Market: Insolvent 😇
- IG: $45 million hole (but company has $200 million in cash and is looking to buy brokers in problems) 😎
- FXCM: $225 million hole 😎
- Dukascopy: $40 million hole 😎
- Interactive Brokers: $120 million hole 😎
- FXPro: Announced it remains solid capitalized 😁
- Gain Capital: Reported they made profits on SNB day 😁
Miembro desde Oct 28, 2010   posts 92
Jan 16, 2015 at 17:59
and what about InstaForex, you know the broker on the AMF blacklist :? 😀
On entend l'arbre qui tombe mais pas la forêt qui pousse...
RSTrading
forex_trader_139412
Miembro desde Jul 16, 2013   posts 385
Jan 16, 2015 at 18:03
Can you tell us anything about IamFX...or FBS?
Miembro desde Oct 28, 2010   posts 92
Jan 16, 2015 at 18:33
Does anybody can see something about AlpariUK ? lol
Stupid AMF

https://www.amf-france.org/Epargne-Info-Service/Infos-et-guides-pratiques/Marches-fianciers-et-leurs-acteurs/Le-Forex.html

On entend l'arbre qui tombe mais pas la forêt qui pousse...
Miembro desde Oct 28, 2009   posts 1424
Jan 16, 2015 at 18:47
amjramjr posted:
Ok. Does anyone know how to try to get the funds back using the FCA ?

First point of contact I would ring and speak to someone in either the FCA or the Ombudsman

https://www.fca.org.uk/

https://financial-ombudsman.org.uk/

They will tell you exactly what to do.
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.
Miembro desde Jan 25, 2010   posts 1360
Jan 16, 2015 at 19:17
DrVodka posted:
Long story short, Forex situation is as follow:

- Alpari: Insolvent 😇
- Excel Market: Insolvent 😇
- IG: $45 million hole (but company has $200 million in cash and is looking to buy brokers in problems) 😎
- FXCM: $225 million hole 😎
- Dukascopy: $40 million hole 😎
- Interactive Brokers: $120 million hole 😎
- FXPro: Announced it remains solid capitalized 😁
- Gain Capital: Reported they made profits on SNB day 😁

Another one bites the dust! 😂
Miembro desde Apr 06, 2011   posts 19
Jan 16, 2015 at 19:30
if a broker is insolvent, what happens to the money on the client accounts??
Miembro desde Oct 28, 2009   posts 1424
Jan 16, 2015 at 19:30
I've registered with a lot of brokers over the years, I've lost count but it's well over 50. I'm getting emails from some brokers that I really wouldn't have put into the good category telling me how well they've coped with this week, how they are zeroing negative accounts and how they are honouring all accounts that made good profits. Weird.
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.
Miembro desde Oct 28, 2009   posts 1424
Jan 16, 2015 at 19:31
schuttend posted:
if a broker is insolvent, what happens to the money on the client accounts??

Depends where they are regulated, in Alpari's case they have to hold retail client deposits in separate accounts as per FCA guidelines. 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.
Miembro desde Sep 09, 2014   posts 65
Jan 16, 2015 at 19:33
You are all running after widely promoted expensive brands. You believe that the regulation of the US or other will save you. Know that promoted brokers pay to regulators, it is a payment for a dishonest way of doing business. I have been realized a long time ago that the new large companies are more concerned about their reputation and the customer always get their money
There can't be enough money
Miembro desde Apr 06, 2011   posts 19
Jan 16, 2015 at 19:36
is fxcm regulated by FCA that you know of?
Miembro desde Oct 28, 2009   posts 1424
Jan 16, 2015 at 19:40 (editado Jan 16, 2015 at 19:42)
Yes
https://www.fxcm.com/uk/

As far as I know FXCM haven't gone insolvent, they're currently after $200 million from Jefferies group.
https://www.bloomberg.com/news/2015-01-16/fxcm-said-to-be-in-talks-with-jefferies-for-200-million-rescue.html

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.
Miembro desde Apr 06, 2011   posts 19
Jan 16, 2015 at 20:15
If funds are segregated will you always get your money back? My account of FXCM is Australia based but funds are segregated and I did not experience any loss.
Is there a maximum on which they will ensure?

Regards,
Dennis
Miembro desde Jan 13, 2015   posts 4
Jan 17, 2015 at 10:33
The most important now, is you can withdraw your deposit, I Know many friends you can't withdraw...
Thanks a god I'm working with onasis.

Miembro desde May 20, 2014   posts 1
Jan 17, 2015 at 10:34
ChrisMuzhik posted:
You are all running after widely promoted expensive brands. You believe that the regulation of the US or other will save you. Know that promoted brokers pay to regulators, it is a payment for a dishonest way of doing business. I have been realized a long time ago that the new large companies are more concerned about their reputation and the customer always get their money
The smartest? So what is your broker?
Miembro desde Nov 06, 2014   posts 28
Jan 17, 2015 at 10:34
If any one found out already the procedure to get the money back can you guys just type in this forum so every one else is aware on what to do.

Thanks a lot,

tchutchuco
Miembro desde Mar 31, 2014   posts 43
Jan 17, 2015 at 10:35
Usually a regulator grants retail customers only a certain amount of money. FCA (better FSCS), if I am not mistaken, grants up to 50k GBP.
mendeco@
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