Forex Weekly Look Back: Week of February 23rd, 2015
Read moreLeapRate Exclusive... LeapRate has learned that Alpari UK Special Administrator KPMG is about to go live with the Claims Portal, in an initial beta test run for 500 clients. KPMG will select (randomly, we believe) approximately 500 Alpari UK clients, all with cash-only balances, to test the Claims Portal. Those 500 clients (who do not…
Read moreThe proposal by KPMG states that the most likely exit route will be dissolution, and proposes that the possible formation of a creditors committee should be discussed at the clients and creditors meeting on March 12. Meanwhile, the vacation of premises and sale of equipment is being documented by KPMG
Read moreAlpari Japan K.K., the Japanese subsidiary of Alpari UK, which is now under special administration, announced today the pending halt of its offering of Metatrader 4 (MT4) and Alpari Direct. The broker will stop supporting trading on the platforms from March 13, 2015. All clients are now instructed to get their trade reports and different…
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right. → Alpari/KPMG update | https://www.leaprate.com/eIj3B FXCM shares update | https://www.leaprate.com/F0ZiA US Retail Forex |…
Read moreClient money pools and the ability to make a claim via a claims portal which will be available for the first tranche of clients to agree the balances of their accounts by 6 March 2015 are subjects to be discussed at the Clients and Creditors Meeting, scheduled for March 12, 2015
Read moreLeapRate Exclusive... We continue to follow the saga of Alpari UK, which remains in administration by KPMG with funds of former Alpari UK clients (although apparently safe and accounted for) still not yet returned to their rightful owners more than one month after Alpari UK entered insolvency. Last week, we reported that Alpari UK's intellectual property…
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right. → Last week, LeapRate's Andrew Saks-McLeod spent the week in Mexico City amongst fellow…
Read more(Former) clients of Alpari UK, the troubled retail Forex broker, have signaled to LeapRate that the website of the UK company – alpari.co.uk, as well as the websites of its subsidiaries, now redirects to the English version of the website of Alpari Russia. Indeed, visitors of alpari.co.uk and alpari.com are currently redirected to alpari-forex.com. To…
Read moreAlpari UK Special Administrator Samantha Bewick of KPMG speaks exclusively with LeapRate as to what work is being done behind the scenes.
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