USDCHF loss on Alpari forex (RU?)

popeye1769 posted:
I have an account with Alpari UK. I was't in the CHF trade. Is it possible I will get my money back.
I am also preparing to move on with my trading journey. Where do I go to find information about these brokers and could anybody recommend some. I am in the UK
1. Client funds segregation

Hot Forex 😎

This is alpariforex.com which they claim it is a different entity than alpari UK.

I've tried to raise a claim for them to review the case, as expected, they said my lossing trade are valid so nothing could be changed.

Now after days, today I received in the statement saying they had zero-ed out my balance -- which means I don't owe them money anymore! which is a good news


 2015.02.03 15:38:10 balance Indemnification balance 8 552.61
  0.00 0.00 0.00
Deposit/Withdrawal: 8 552.61 Credit Facility: 0.00 Closed Trade P/L: 0.00

myfxpt posted:

alexforex007 posted:
Just be careful with whom you choose to be your broker. A lot of companies will go bust, but others will emerge as the most reliable and profitable ones.

So true. Critical if you want to be around for the long-haul...know your broker! Don't worry about bonus offers, spreads, and all the promo stuff, focus instead on account terms and conditions, segregation of client funds, if the broker banks with a reputable bank in the same country that the broker is registered, licensing, regulation, legal system and legal jurisdiction.

Of the above, my first priority is client funds segregation to ensure that should my broker become insolvent, my funds are protected. Second priority is to ensure the local legal system and regulators require segregation and enforce these measures. If your money is not safe, the rest is pointless! 😎

Gary, agree with you about segregation, it's a pity that I cannot create a segregated PAMM account with my broker.

kohaku3n, I have never heard before that broker asks to send lost funds them. And what about stop-out level of your account?

VlasovTrend posted:

myfxpt posted:

alexforex007 posted:
Just be careful with whom you choose to be your broker. A lot of companies will go bust, but others will emerge as the most reliable and profitable ones.

So true. Critical if you want to be around for the long-haul...know your broker! Don't worry about bonus offers, spreads, and all the promo stuff, focus instead on account terms and conditions, segregation of client funds, if the broker banks with a reputable bank in the same country that the broker is registered, licensing, regulation, legal system and legal jurisdiction.

Of the above, my first priority is client funds segregation to ensure that should my broker become insolvent, my funds are protected. Second priority is to ensure the local legal system and regulators require segregation and enforce these measures. If your money is not safe, the rest is pointless! 😎

Gary, agree with you about segregation, it's a pity that I cannot create a segregated PAMM account with my broker.

kohaku3n, I have never heard before that broker asks to send lost funds them. And what about stop-out level of your account?

Well, i think it's time for your to consider change your broker because we never know when the next will hit :)