- Search Metals Mine
-
EventHorizon commented Jan 18, 2015I think that those who had EURCHF buys, and the gap down took out their account plus say -$2000. Those traders would be pursued for that $2000. As in the risk warning that says, you could loose more than your account balance.
Alpari (UK) Important announcement - has not entered insolvency process
- EventHorizon commented Jan 17, 2015
Under the FCA rules. a broker must have an amount of capital reserves over its working capital. This is not so for other countries. Alpari could be fine and not in negative capital and could continue if they were in another country. But because of ...
Alpari (UK) Important announcement - has not entered insolvency process
- EventHorizon commented Jan 17, 2015
Under the FCA rules. a broker must have an amount of capital reserves over its working capital. This is not so for other countries. Alpari could be fine and not in negative capital and could continue if they were in another country. But because of ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 17, 2015
Alpari UK Insolvency Does Not Affect Other Alpari Companies Dear Clients! On January 15, 2015 the Swiss National Bank unexpectedly removed the upper boundary on CHF against EUR. These measures triggered a sharp rise of Switzerland’s franc and ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 17, 2015
This money must be held entirely separately to the company’s own funds – in other words, ‘client funds are segregated’. This is so that if the company itself goes bust, the money and assets owned by customers are not put at risk. In the case of ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 17, 2015
NZ broker bust as well, but they CAN withdraw. NZ has way worse regulation than UK. We should be able to withdraw!! Global brokers NZ" had also gone bust after swiss move, and customers may withdraw their balance immediately. url
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
FXCM Said to Be in Talks With Jefferies for $200 Million Rescue Why couldn't Alpari do something similar?
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
I didn't get an email, can you post it here? Thanks.
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
In the UK the FSCS guarantees your money if its below a certain figure. 'What is the Financial Services Compensation Scheme? The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensator of last resort for customers of ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Thanks man. Yea, the UK has the highest financial regulation in the world. That's why I moved to them from IBFX. IBFX has segregated funds, but in their fine print says that in event of bankruptcy IBFX will use segregated funds, not so Alpari.
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Does quarantined mean safe from creditors? And retail clients will eventually get back their money?
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Alpari obviously didn't balance its risk. If there were huge buy positions with EURCHF, these should have been balanced with equivalent sell positions. Because Alpari had more buy orders, the banks Alpari uses were loaning euros brought by CHF. When ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
To the banks who buy and sell Alpari and us the currency.
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Segregation of retail clients' funds Under FCA client money rules, Alpari UK is required to segregate all retail client funds from our own funds. This means that we must take steps to ensure that the clients’ money is held in a separate account away ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
If retail clients funds are held in segregated accounts, I don't think this money can be used to pay creditors. This is why I moved form IBFX to Alpari. Because with IBFX, even though your money is held in a bank account, it is pooled, not ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Maybe I am getting confused with the terminology. But the reason you get a financial check b4 they give you an account is so you can pay them back if your positions gap down to below more than you have in your balance. All I can think of what ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
If you have a buy trade on say EURCHF, and over the weekend they made a huge announcement that affected currency. And on Monday it gapped hugely down. It would exceed your accounts margin and put you in negative balance, which must be re payed. Even ...
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Yes. They will be pursued by the solvency admins.
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Just have to wait like all of us. See how the UK system fairs. It is the most protected system in the world.
Alpari (UK) Important announcement - entered into insolvency
- EventHorizon commented Jan 16, 2015
Just made a withdrawal form Alpari Russia via netteller, just in case the go belly up. At least I got that out. Who knows when I will see my Alpari UK money, if at all. Never mind the catastrophe of closing all my positions. If Alpari Russia is ...
Alpari (UK) Important announcement - entered into insolvency