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Alpari UK enters insolvency
Updated January 19, 2015
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Alpari UK enters insolvency
January 16th, 2015, 05:16 AM
Nicosia, Cyprus
Posts: 191 since Dec 2013
Thanks Given: 28
Thanks Received: 106
Statement as it was posted on Alpari UK website:
Quoting
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. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot
cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.
Important announcement
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
January 16th, 2015, 06:46 AM
who cares
Legendary Market Wizard
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,935 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,594
On BBC news:
BBC News - Alpari UK currency broker folds over Swiss franc turmoil
Seems to be one of them..
2nd according to the article: Global Brokers NZ
Further victims will be seen soon.
GFIs1
January 16th, 2015, 08:32 AM
zurich
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507
we will see if the segregated account-system/structure in the FX world holds
January 17th, 2015, 02:21 AM
Bangkok, Thailand
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja Trader Brokerage/Continuum
Trading: ES
Posts: 46 since Nov 2010
Thanks Given: 174
Thanks Received: 56
puma
we will see if the segregated account-system/structure in the FX world holds
Yes, I have 24,000$ in an Alpari UK account myself
January 17th, 2015, 11:15 AM
zurich
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507
fido
Yes, I have 24,000$ in an Alpari UK account myself
Sorry to hear, Sir.
Try to network with other affected customers - that's what I would do.
Maybe a group is forming somewhere.
There are other boards, like futures.io (formerly BMT ) more focused on FX.
good luck to you.
January 17th, 2015, 11:56 AM
Posts: 3,765 since Jun 2009
Thanks Given: 3,825
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fido
Yes, I have 24,000$ in an Alpari UK account myself
Clients accounts are segregated, so no need to panic for now, IMVHO.
Success requires no deodorant! (Sun Tzu)
January 18th, 2015, 09:45 AM
zurich
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507
@fido
Quoting
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
looks to me , some buyer stepped up and they stopped the insolvency process
January 18th, 2015, 11:40 AM
Germany
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
Posts: 2,668 since Feb 2013
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January 18th, 2015, 12:10 PM
zurich
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507
FXCM is a buyer ? lol
I call this a "reach-around"
Last Updated on January 18, 2015