Valid point. Ill have a think about that one.

Alpari.co.uk Discussion

The winners and losers? You mean the positive and negative accounts? If thats what you mean how exactly can a negative account have any claim to the pool when they have no money?

Alpari.co.uk Discussion

Please explain this point. Why is the fact that segregated funds are in a pool a risk?

Alpari.co.uk Discussion

Im with you on that one. What a mess this whole situation is.

Alpari.co.uk Discussion

Debts are a saleable asset that creditors can benefit from. The way the administrators work is totally different to the way a solvent company would work. I would think that a 48 euro debt is not worth their time and effort enforcing though. As soon ...

Alpari.co.uk Discussion

Im not sure I understand totally but I would think KPMG can sell the debt to any enforcement agency they like. So if a client is in another country they can sell the debt to an enforcement agency that can collect from that country. Once the debt is ...

Alpari.co.uk Discussion

Some EU countries and some countries outside the European Union have a reciprocal agreement with the UK which would allow a debt built up in the UK to be enforced in another country. Local laws need to be checked to confirm this. Google ...

Alpari.co.uk Discussion

Exactly. Negative accounts have no money in the segregated accounts so will be left with KPMG to be sold to the highest bidder. This is why ETX said previously that it would be 4 to 6 weeks before we see our funds. They knew that no one would buy ...

Alpari.co.uk Discussion

The answer to your question is relatively easy. They are selling the client database which includes negative and positive accounts. The negative accounts will have a zero next to their entry as they have no money in the segregated account. They owe ...

Alpari.co.uk Discussion

Thats the problem mazzara. Most of the people involved are unwilling to do the same. Its nice to see im not the only one who is working through this logically. The last post from mystique is the exact reason why I wont extend my help to anyone else. ...

you will be next if not this time, join Alpari clients' hands

[quote=Mystique;8053085] Ok. Ill leave you to it. But maybe ask yourself why you would want to alienate people who are ultimately trying to help? This is what i posted earlier: Unfortunately words and opinions are not enough and this is where I feel ...

you will be next if not this time, join Alpari clients' hands

I have money tied up in Alpari and I also have access to good legal advice/help if necessary. I agree with what you say but the point is KPMG have been appointed by the high court. Any action we take would have to go through them and it would take ...

you will be next if not this time, join Alpari clients' hands

Not at all. Stir it up by all means. I may have missed something The segregated funds cannot be used to pay creditors but by law KPMG have to follow certain processes set by the FCA. As I say there are huge contradictions in the FCA rules and ...

Please do not trust the FCA

KPMG have been appointed by the FCA so they are following the FCA's lead regarding rules and regulations. There are huge conflicts of interests in the rules and regulations made by the FCA which has allowed KPMG to do as they have done. The issues ...

Please do not trust the FCA

Thats why im not getting involved anymore. People are more interested in bravado rather than doing whats necessary.

Alpari.co.uk Discussion

My excuse? Im not as stupid or desperate as you clearly are! Your only embarassing yourself. Tim isoara made a good suggestion that will help your cause. GET A JOB!

Alpari.co.uk Discussion

I suggest you read the whole thread before making statements like that. If you think following your course of action will get you your funds any quicker then crack on. Nobody has robbed me, I know where my funds are and I know the processes that ...

Alpari.co.uk Discussion

Ive read all handbooks, guidelines etc. If you think they have broken the rules show me something concrete? Until now I have been unable to find anything! Lets see some evidence. Their interpretation of the rules is already backed by several highly ...

Alpari.co.uk Discussion

Nobody has any power to do anything today! Thats the whole point in what I said. By all means contact the complaints department. Only trouble is, there is nothing to complain about because they are following FCA rules and regulations. Good luck.

Alpari.co.uk Discussion

Taken from the Evening Standard link: Of Alpari UK’s 160,000 clients only a quarter are understood to be high value, with the vast majority having balances of less than £100. Bidders are haggling over different incentive structures with the ...

Alpari.co.uk Discussion