ALPARI is gone - forever...
Jan 17, 2015 at 10:35
Membre depuis Dec 01, 2014
posts 1
Jan 17, 2015 at 10:35
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 :(
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 :(
Jan 17, 2015 at 10:38
This is what you (and I) have to do , if you have fund in Alpari.
https://www.fca.org.uk/consumers/complaints-and-compensation/how-to-claim-compensation
https://www.fscs.org.uk/news/2015/january/information-regarding-alpari-uk-limited/
https://www.fca.org.uk/consumers/complaints-and-compensation/how-to-claim-compensation
https://www.fscs.org.uk/news/2015/january/information-regarding-alpari-uk-limited/
Membre depuis Oct 28, 2009
posts 1424
Jan 17, 2015 at 10:56
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
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.
forex_trader_29148
Membre depuis Feb 11, 2011
posts 1916
Jan 17, 2015 at 17:28
(édité Jan 17, 2015 at 17:28)
so when a broker says that your money is into a segregated acc is it true or not ?
Jan 17, 2015 at 22:45
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
Membre depuis Jan 25, 2010
posts 1360
Jan 18, 2015 at 00:51
(édité Jan 18, 2015 at 00:52)
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! 😲 😎
Membre depuis Jan 17, 2015
posts 2
Jan 18, 2015 at 08:47
Wats alpari? Is that a broker?
Membre depuis Nov 06, 2014
posts 28
Jan 18, 2015 at 08:54
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.'
'
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.'
Membre depuis Apr 24, 2014
posts 212
Jan 18, 2015 at 09:23
(édité Jan 18, 2015 at 09:24)
tchutchuco posted:
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.'
Yea..I think they will bust but just delaying.
Get rich or just die
Membre depuis Oct 28, 2009
posts 1424
Jan 18, 2015 at 10:02
I think they've read the news about FXCM and about brokers such as Gain Capital looking to sweep up the losers and decided to try and salvage something. Poor PR job by them.
Best regards Steve
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.
Membre depuis Oct 28, 2009
posts 1424
Jan 18, 2015 at 10:03
BluePanther posted: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! 😲 😎
I wish, I have enough to find 10 brokers though. Doesn't take that much.
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.
Membre depuis Jun 09, 2014
posts 138
Jan 18, 2015 at 15:58
They won't be the last ones.....
Jan 18, 2015 at 17:26
Robo forex is still alive...
But in fact, how can we choose another good broker for continue trading from now??!!
https://www.roboforex.com/about/news/comment-chf-situation-01-2015/422/
But in fact, how can we choose another good broker for continue trading from now??!!
https://www.roboforex.com/about/news/comment-chf-situation-01-2015/422/
Jan 18, 2015 at 23:43
Alpari UK is in hectic acquisition negotiations with a number of potential buyers and the sale of the broker will be announced in the next few days.
It has also been revealed to us that the amount of negative client balances Alpari UK is on the hook for is about $45 million, while the firm’s client equity is estimated to be around $100 million. The breakdown of the negative exposure is $20-$25 million in liabilities and about $15-$25 million in regulatory capital shortfall.
The identity of the potential buyers has not been revealed yet but there are a number of brokers who announced they are using this opportunity to take over fallen competitors.
The news of the imminent sale comes after the UK branch of this large Russian broker reversed its insolvency process announcement in a surprise move last night.
Virtually all brokers have been releasing updates over the weekend about their reaction to the game-changing floor drop by the Swiss National Bank (SNB). While some faced losses, others made it clear that they are on the hunt for new business, either by targeting clients directly as a marketing strategy or by expressing interest in acquiring assets from failing market participants.
It has also been revealed to us that the amount of negative client balances Alpari UK is on the hook for is about $45 million, while the firm’s client equity is estimated to be around $100 million. The breakdown of the negative exposure is $20-$25 million in liabilities and about $15-$25 million in regulatory capital shortfall.
The identity of the potential buyers has not been revealed yet but there are a number of brokers who announced they are using this opportunity to take over fallen competitors.
The news of the imminent sale comes after the UK branch of this large Russian broker reversed its insolvency process announcement in a surprise move last night.
Virtually all brokers have been releasing updates over the weekend about their reaction to the game-changing floor drop by the Swiss National Bank (SNB). While some faced losses, others made it clear that they are on the hunt for new business, either by targeting clients directly as a marketing strategy or by expressing interest in acquiring assets from failing market participants.
Jan 18, 2015 at 23:45
The most recent news is that FXCM (NYSE: FXCM) is now using its $300 million from Leucadia National to not only cover losses but to expand by taking over the business of Alpari UK. - See more at: https://forexmagnates.com/forex-industry-battles-eurchf-meltdown-real-time-updates/#sthash.xuw4PdbN.dpuf
Membre depuis Nov 06, 2014
posts 28
Jan 19, 2015 at 07:38
stevetrade posted:BluePanther posted: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! 😲 😎
I wish, I have enough to find 10 brokers though. Doesn't take that much.
Best regards Steve
At this stage will be helpfull to know some of your broker to take a look if you don't mind, I think a part the fact that we have to recover our money we also need to think which broker next.... thanks
Membre depuis Sep 04, 2014
posts 10
Jan 19, 2015 at 07:40
i received this email from FXCM at 5:49am yesterday:
Dear Client,
FXCM Client Accounts Secure – Raises $300 Million in Capital
FXCM previously announced that due to unprecedented volatility in the EUR/CHF pair after the Swiss National Bank announcement of January 15, 2015, clients experienced significant losses and generated negative equity balances owed to FXCM.
To ensure the full financial stability of ALL client accounts, and FXCM, TODAY we have announced that Leucadia National Corporation will provide $300 Million in financing capital to FXCM Holdings LLC.
Normal trading and operations will continue for all of its customers.
The net proceeds will be used to replace capital in FXCM regulated entities.
FXCM will continue to be one of the largest forex brokers globally.
With the investment of the new capital, the Company has returned the regulatory capital it maintained prior to the losses client suffered as a result of the historic movement of the Swiss Franc early Thursday morning.
The company is in compliance with all the regulatory capital requirements in all of its jurisdictions.
Dear Client,
FXCM Client Accounts Secure – Raises $300 Million in Capital
FXCM previously announced that due to unprecedented volatility in the EUR/CHF pair after the Swiss National Bank announcement of January 15, 2015, clients experienced significant losses and generated negative equity balances owed to FXCM.
To ensure the full financial stability of ALL client accounts, and FXCM, TODAY we have announced that Leucadia National Corporation will provide $300 Million in financing capital to FXCM Holdings LLC.
Normal trading and operations will continue for all of its customers.
The net proceeds will be used to replace capital in FXCM regulated entities.
FXCM will continue to be one of the largest forex brokers globally.
With the investment of the new capital, the Company has returned the regulatory capital it maintained prior to the losses client suffered as a result of the historic movement of the Swiss Franc early Thursday morning.
The company is in compliance with all the regulatory capital requirements in all of its jurisdictions.
