Alpari UK's Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB's surprise move removing the EURCHF 1.20 floor) it has found some 'inconsistencies' in…
Read moreThe Russia arm of the Alpari Group, which emerged unscathed from Swiss Franc Black Thursday, has continued a PR and marketing campaign to help distance itself from the fate of Alpari UK, which has entered insolvency. We had earlier reported that Alpari RU announced a zero minimum deposit requirement on all trading accounts. Now Alpari…
Read moreLeapRate Exclusive.. LeapRate has learned that leading UK online broker ETX Capital has put in a proposal to acquire Alpari UK out of administration. The following statement was received from ETX Capital: ETX has provided KPMG with a proposal to acquire assets of Alpari (UK) Limited. Over recent months ETX Capital has acquired Shelbourne markets…
Read moreIt looks like the Special Administrator for the insolvent Alpari UK, the accounting firm KPMG, has itself quite organized in dealing with the situation. KPMG has already issued instruction letters to both (former) clients and creditors of Alpari UK, with instructions for each to follow. In its letters, KPMG indicates that it will issue specific…
Read moreAmong common questions are matters relating to client funds, to which KPMG has stated that client money held in segregated accounts, and that where there are sufficient funds to repay all eligible clients in full, these funds will be returned to clients
Read moreAlpari ME DMCC in Dubai remains fully operational, as the firm's Middle Eastern operation is run separately from Alpari UK. The only change in service is a temporary unavailability of MetaTrader 5 due to servers being located in London
Read moreJapan's Financial Services Agency has confirmed that the Japanese division of Alpari has gone into administration, customer funds will be returned in full
Read moreAlpari UK has issued a formal statement on its insolvency and entering administration by KPMG. As we posted earlier, Alpari UK applied for insolvency and entered administration after a frantic weekend search for an outside financial lifeline or acquirer of the company, which the company was unable to conclude - at least in time to…
Read moreKPMG LLP has been appointed administrators of Alpari UK. Company will return $99 million of client money, as no buyers or lifeline providers emerged.
Read moreTalks still ongoing for a capital injection or takeover at Alpari UK, likely to be concluded tonight. FXCM: We are definitely not buying Alpari.
Read more