Topic: FXCM and Alpari UK announced the insolvency

http://www.alpari.co.uk/client-updates/ … nouncement
http://ir.fxcm.com/releasedetail.cfm?ReleaseID=891597

Very dangerous situation. Alpary was the main broker I used. I noticed that FXCM also became insolvent. I think that there will be more such an announcements.

Probably all the trading will be suspended by the broker.

Are there any suitable broker left?

Re: FXCM and Alpari UK announced the insolvency

Some additional info here: http://forexmagnates.com/alpari-uk-conf … JXBmK.dpuf

Re: FXCM and Alpari UK announced the insolvency

there are a few more also

Re: FXCM and Alpari UK announced the insolvency

http://www.zerohedge.com/news/2015-01-16/largest-retail-fx-broker-stock-crashes-90-swiss-contagion-spreads

Re: FXCM and Alpari UK announced the insolvency

Is it so that if a broker declares itself an ECN one and then states no losses from yesterday it is fairly sure it's a true MM bucketshop? A lot of ECN brokers literally lost quotes after the announcement, hence the losses in tens and hundred of millions.

Re: FXCM and Alpari UK announced the insolvency

Alpari did not open this morning.

http://s28.postimg.org/egkh6pb89/screenshot_761.jpg

Re: FXCM and Alpari UK announced the insolvency

There are following press release on their website:

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.

I hope the best.

Re: FXCM and Alpari UK announced the insolvency

The press seems to think that FXCM borrowed enough money to invest in Alpari UK and all will be heavenly.


There appears to be more brokers involved with losses, I made a post on my thread a few hours ago, I expect to see a larger list develop as days pass.

Re: FXCM and Alpari UK announced the insolvency

Some news: http://www.fca.org.uk/news/news-for-cus … uk-limited

Re: FXCM and Alpari UK announced the insolvency

Some fun:

Re: FXCM and Alpari UK announced the insolvency

That's good!

This is even better: http://www.forexfactory.com/attachment. … 1421838685

Youtube one was taken down as too sensitive for those who lost, but it has reappeared as an attachment.