Ahhh. Progress If I receive something like what you stated then at least I have some formal recognition that money is indeed owed to me. As it stands the only evidence I have that im owed any money is my last daily account statement from Alpari. ...

Alpari.co.uk Discussion

The situation is clients have their funds tied up in a company that is being administered by KPMG. The FCA were involved with Alpari before they formally went into administration, in fact they said that they had already got KPMG in Alpari's offices ...

Alpari.co.uk Discussion

Ok. So what your saying is clients money being kept from them with no advice as to when it will be released is the FCA protecting our interests? It is a minor point, for me anyway. As I said this is a real eye opener as to exactly whos interests the ...

Alpari.co.uk Discussion

From a clients point of view it is a minor point. The FCA is meant to protect the clients interests and funds. As of now all im hearing is there are potential buyers, there were irregularities after the SNB move, funds are in segregated accounts, ...

Alpari.co.uk Discussion

Alpari is insolvent. Excel markets are insolvent. The only difference is the regulatory authority in New Zealand ensured clients got their funds back as a priority. The FCA is happy for us to still be waiting. Anything else?

Alpari.co.uk Discussion

If you have an interest in the outcome of all this then I trust that your keeping a keen eye on all thats going on. That being said I should not have to tell you.

Alpari.co.uk Discussion

The BBC might not care but Watchdog will. The FCA are trusted to act in our best interests in many other circumstances not just the Forex world. If they allow our funds to be held without good reason for so long then their interests are clearly ...

Alpari.co.uk Discussion

Since Alpari went into administration I have been compiling a list of serious concerns about the FCA and their position of acting in the interests of clients. My plan was to draft a formal letter once the administration process was completed. I ...

Alpari.co.uk Discussion

If KPMG are allowed to take any funds from the clients segregated account to pay Alpari creditors then that would essentially mean that the FCA stamp of approval and segregated accounts amount to absolutely nothing. That would open up a huge can of ...

Alpari.co.uk Discussion

Think logically about what you are saying. If a client has a negative balance then they have NO funds in the pool, they owe Alpari money. So if Alpari took funds from the segregated account to cover negative accounts then they stole client funds to ...

Alpari.co.uk Discussion

Maybe the simple answer is because some clients have asked the FCA to look into it. Reading back through this thread if some of the questions raised were indeed put to the FCA then they would have to ensure that any concerns were properly ...

Alpari.co.uk Discussion

Exactly. You dont have to go to the extreme you stated but if you did all the better. If you can cover a move similar to the CHF move on black thursday you should be pretty safe in most currency pairs. Use that event as your benchmark for preparing ...

Is it possible to avoid getting wiped out by a move like SNB?

Is it not? Ok. So you would rather put the security of your funds in someone else's hands by over leveraging a trade and relying on a stop loss? Good luck!

Is it possible to avoid getting wiped out by a move like SNB?

Great analogy.

FXCM Discussion

Yes unfortunately. Protection = Regulation = Rules = Laws = Red Tape = Time = Time = Time = More Time = Pain in the a**!

Alpari.co.uk Discussion

From what I understand you can make a claim to the FSCS to get your money. They will liaise with KPMG to see whether you have a claim then they will pay out any money owed to you once a claim has been established. All that info has been given ...

Alpari.co.uk Discussion

Here is a simple equation: 0.01 lot X 1000 pips = $100 0.01 lot X 10000 pips = $1000 So for every $1000 dollars of equity if you trade with a 0.01 lot size you account can suffer a move of up to 10,000 pips before being wiped out. Some might say ...

Is it possible to avoid getting wiped out by a move like SNB?

You cannot precisely calculate your risk in anything. The best you can do is prepare yourself for the worst case scenario. Black thursday is the NEW benchmark so prepare yourself for that X2 and you should be relatively safe. But even when you get ...

Is it possible to avoid getting wiped out by a move like SNB?

Simple answer is money management. Build your account up slowly. When you start seeing big money in your account dont think you can start increasing lotsize to increase profits prematurely. Its better to reduce your risk as equity goes up until you ...

Is it possible to avoid getting wiped out by a move like SNB?

That sounds pretty good to me. Im by no means perfect, but as a trader I look at the facts, I never listen and act on what others say. I always had the question in my head, "Eurozone needs bazooka QE so how but more importantly why would SNB keep ...

Alpari.co.uk Discussion