Alpari UK
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Alpari UK
Overall
I received my money yesterday.
Via Alpari Special Administration's claims portal, I applied for compensation from the FSCS, which is the British compensation. They accepted, and I got all my money back yesterday.
Nice circumstance: my EUR claims were converted into USD with January exchange rate. In the mean-time, waiting for compensation, I earned a nice amount due to EURUSD decline.
Btw: The new Alpari broker isn't the one, that went bust. And I believe the new one isn't covered anymore by the British FSCS.
The British FSCS was the main reason in the first place for me when opening an account at Alpari (back in 2013).
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Has anyone got his funds? tell us here when you'll get it...
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I wonder what is happening with Alpari, I have friends involved in this broker.
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they said your money is segregate on their company bro, so I think yours and other alpari uk client's money still safe.. maybe just wait to alpari resolve their lack of liquidity problem then you can get your money back.. we just can hope..😞
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Trading stopped today around noon. In the news and on their hompage I can read they went bankruptcy due to missing liquidity when the SNB dismissed the 1.2 barrier for CHFEUR. Too bad. I hope not to loose all my money there.😡
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my trading experience with this forex broker has lasted almost one years and it's been positive mostly...working good.
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do not provide good service
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There is no way to deal with this brokers all very formal, does not motivate them to continue😇😇😇
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I have been trading with alpari and gainsy also for some time already and I do really consider them to be good broks. Taking into account the fact that I do trade with big amounts, for the moment I can not confirm your words regarding slippages, requotes. I think you have to add printscreens for people to trust you, you know this is serious accusation in respect to broker. And in case it is really so, we have to know that for not to get into similar situation. For now all I can tell is that I have always my questions answered and controversial issues solved with help of theirt support, people are very attentive and willing to help there, I like it, I like their attitude to work as well as to clients in particular, are very polite
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I have to say that Alpari went bad...a few years ago it was the good broker, but now on a platform there is slippage, requotes are very frequent...When I wrote to support in order to clear up a situation, we never came to anything in the end, they always responded with a learned phrases!!
That is why I decided it's time to move on... Now I'm working with fxopen and limaforex. There are no problems
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I have had a good experience so far, spoken to them on the phone they were very polite and helpful.
Not had any of the issues seen above, but only time will tell. So far so good though.
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Russian brokers sucks i have bad experience with them all alpari exness instaforex and roboforex i am moving to Swiss brokers now a days :)
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Alpari is the only market making brokers I trade with - they are easily one the biggest and best with excellent facilities for clients - I generally trade at STP/ECN because of strategy
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Hello,
is there someone who have experience with Alpari UK binary options trading? Especially minute options.
Im asking just because, there are many many many "binary oprions brokers" - scammers.
I know that Alpari is serious broker, I just want to know if its profitable and if there are some problems with withdrawals.
Thanks! 😎
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The account managers there are very annoying. They keep calling me all the time, several times a day so that I deposit more money after loosing a large amount.
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I closed all my accounts with Alpari (Live & Demo). My experience with the demo account was enough for me to close my live account.
My trades got stopped out on a number of trades - the price on the day was more than 30 pips away from my stop and in some cases 80+ pips away. They thought I would not notice. When I emailed them asking why? They emailed me back like I was stupid. Told me that
1. The price displayed in MT4 was bid only and the ask is a different price so I got stopped out on the ask price.
>>>>> My response - how stupid do you think I am??? I got stopped out 30+ pips away from the day's high/low. Is Alpari's spreads more than 30-80+ pips????
2. They explained to me how different order types worked.
>>>>>> My response - What?
3. We had insufficient equity so our trades were closed.
>>>>>>There was 2 million in free equity
When we complained they didn't want to listen. We complained to CEO of Alpari and there was NO RESPONSE. Instead they suspended our demo account. (You see we made 150% profit in our demo account in 2.5 months so you'd think that they would want our business).
This was there response to a demo account. We have no confidence with Alpari because:
1. They gave us excuses.
2. When we told them that their excuses were pathetic and they should really look into why these trades were closed out before sending some generic response, they suspended our account.
3. Our emails to their CEO's (former and current) resulted in NO RESPONSE.
I have told all my trading buddies to close their account with Alpari. We have withdrawn all of our money from Alpari.
Overall
Looking to close out my accounts with them.
I suspected them to be playing funny games with stops (way too many funny dips/ spikes).
So today i placed a small (0.25 lot) EU short (start of the Asian session), saw it go into a 11p plus and then slapped a SL on, within 10/20sec the price started to move higher AND the spread expanding. Then i placed another sell and guess what?? Indeed, re-quote!
Removed the SL and the price went lower again.
Before stating that a broker does not do this because they would rather have a happy client, i would like to submit that a couple of K here and there adds up. Esp. if your balance total comes to to approx. 5M (another reason for the search for new brokers).
The worst part of this all? I see this stuff on the Pro account as well (got 2 of those) and that is where the bigger $ come from.
So, hide your SLs and limit orders and be warned .. ;-)
I suppose they are ok for normal retail use but keep in mind they do like your account and when asked outright to confirm they DID NOT use the Virtual Dealer plugin i never received an answer, although another question in that same mail was answered .. ;)
FWIIW
Cheers
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I was with Alpari UK last years. Nice broker. The most reliable and trusted broker. Very good support and they answer to my questions very fast. I will stay with them.
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Well done NFA!
I wonder if this $200,000 going to hurt them anyway. Guess they made much more.
Such a shame, they could have been a good broker.
I have a live acccount with them, so far it was okay. Lucky thing. . One of my friends had an account with them too until the price went right trough his stop loss.
Overall
NFA issues $200,000 fine against New York forex firm Alpari US LLC
July 26, Chicago - National Futures Association (NFA) has ordered Alpari US LLC, a futures commission merchant and forex dealer Member located in New York City, to pay a $200,000 fine as a result of an NFA Complaint filed in June 2012 and a settlement offer submitted by Alpari and two of the firm's principals, Jermaine C. Harmon and Richard A. Lani.
The Decision, issued by NFA's Business Conduct Committee, found Alpari violated several NFA requirements, including improperly cancelling forex trades and removing profits from customer accounts, failing to timely report trade data and other required information to NFA, failing to observe high standards of commercial honor, failing to comply with NFA's Enhanced Supervisory Requirements and failing to keep accurate records. The Decision also found that Alpari - together with Harmon and Lani - failed to supervise.
In addition to the $200,000 fine, Alpari is required to refund within 30 days to customers losses they incurred as a result of the price adjustments that Alpari made to their accounts in connection with an October 2011 "market event." Alpari must also provide verification to NFA that these refunds were paid to and received by customers.
Alpari must also submit a written report to NFA within 180 days of the effective date of the Decision which documents the results of an independent review of Alpari's electronic trading platforms conducted by a qualified outside party and the steps Alpari has implemented to remedy deficiencies with the firm's internal controls.
Alpari, Harmon and Lani neither admitted nor denied the charges. The complete text of the Complaint and Decision are available on NFA's website.
http://www.nfa.futures.org/news/newsRel ... cleID=4087
