Alpari
Alpari UK Shareholder Andrey Dashin Secures Brand & Intellectual Property
- The main shareholder of the company has secured rights over the intellectual property of Alpari UK, as pieces of the company are starting to get sold under special administration by KPMG to recover creditor losses.
Friday, 06/02/2015 | 07:26 GMT by
Victor Golovtchenko
Alpari UK's Japanese Branch Strained by a Torrent of Withdrawal Requests
- In contrast to the announcement by KPMG that they will launch a "Claims Portal" for clients of Alpari UK, in its direct subsidiary in Japan clients are able to withdraw funds using the same website they have so far.
Thursday, 05/02/2015 | 09:04 GMT by
Avi Mizrahi
Exclusive: Alpari UK to Disintegrate Group as Buyers Refuse $25 Million Offer
- Forex Magnates has learned that most of the global group's employees are expected to be immediately let go, with about 50 to remain on board for the transitional period of the firm's winding up.
Sunday, 01/02/2015 | 15:56 GMT by
Avi Mizrahi
CHF Crisis Is Unfolding with New Developments at FXCM, Alpari and BT Prime
- Forex Magnates spotlights the industry’s top news from the past week. From the $10M loss at Boston Technologies to Alpari UK going after clients with negative balances, the aftermath of Black Thursday is here.
Sunday, 01/02/2015 | 12:24 GMT by
Avi Mizrahi
Alpari Boosts Partnership with FC Zenit Saint Petersburg
- The russian broker will be promoted in Zenit's home games and on their website as the partnership becomes national. Ticket holders will be offered free tutorials in an attempt to translate the deal into conversion.
Wednesday, 28/01/2015 | 11:00 GMT by
Finance Magnates Staff
Dukascopy Bank Expresses Interest in a Japanese License, Eyes Alpari Japan
- The company is looking into expanding into the lucrative Japanese market in the aftermath of the Swiss franc debacle, where Japanese brokers remained mostly unaffected due to weak interest in Japan to trade CHF.
Monday, 26/01/2015 | 11:26 GMT by
Victor Golovtchenko
Alpari UK Clients Will Be Required to Cover Negative Balances, KPMG Confirms
- The insolvent broker's administrator has issued a F.A.Q document, stating that traders with negative balance "will be asked to pay that money". KPMG has also commented on the execution of Swiss franc.
Sunday, 25/01/2015 | 11:56 GMT by
Ron Finberg
Where Do Loyal Middle Eastern Alparites Trade?
- Alpari’s Dubai office has been one of the best performing units in the group with strong capital inflows over the last four years, however, with Alpari UK closed for business where does the office send interested clients?
Friday, 23/01/2015 | 01:06 GMT by
Adil Siddiqui
Alpari UK Clients Get Note from KPMG Requesting Confirmation of Claims
- Clients of London-based brokerage firm, Alpari UK, have received an email from KPMG, the note outlines the current affairs and requests clients to confirm their claim, the process could take 8 weeks.
Thursday, 22/01/2015 | 20:16 GMT by
Adil Siddiqui
December Alpari Russia Trading Volumes Reported Lower by 2% Month-over-Month
Wednesday, 21/01/2015 | 15:10 GMT by
Victor Golovtchenko
Alpari UK Majority Owner: The SNB Shock's Primary Lesson? Risk Management Counts
- Andrey Dashin, majority shareholder of Alpari UK and Founder of ForexTime, shares his insights from the CHF-propelled crisis that sent Alpari UK into administration and still ripples through the markets.
Wednesday, 21/01/2015 | 14:41 GMT by
Avi Mizrahi
FCA Sheds Light on Alpari UK Administration with Response to Key Questions
- The FCA has issued its first official note on the Alpari UK administration, the regulator confirmed the event and outlined what the current status of affairs are, it also informed affected traders of what to expect in relation to their funds.
Tuesday, 20/01/2015 | 19:13 GMT by
Adil Siddiqui
Exclusive: Alpari UK Should Have Shut down a Year Ago Says Majority Owner
- Andrey Dashin comments to Forex Magnates about Alpari UK's insolvency: "Winding up was better than a financial meltdown with unpredictable consequences." Read the full statement along with telling data.
Tuesday, 20/01/2015 | 16:57 GMT by
Avi Mizrahi
JFSA Orders Alpari Japan to Retain Assets within the Country
- The Kanto province Local Financial Bureau is preemptively taking measures to ensure that there won’t be a transfer from local accounts to the Alpari UK entity still facing bankruptcy or last minute acquisition.
Tuesday, 20/01/2015 | 15:00 GMT by
Victor Golovtchenko
Exclusive: Alpari UK's Sale Imminent after Suffering $45 Million in Negative Client Balances
- The news of the imminent sale comes after the UK branch of this large Russian broker reversed its insolvency process announcement in a surprise move last night. Identities of the buyers were not revealed.
Sunday, 18/01/2015 | 10:04 GMT by
Avi Mizrahi
Alpari UK Confirms Insolvency Procedure, Client Funds in Segregated Accounts
Friday, 16/01/2015 | 10:18 GMT by
Victor Golovtchenko
EUR/CHF Crash Leads Brokers to Halt Trading in CHF Pairs
- At FXCM, the prices of CHF crosses have not been updated from about 4:30am Eastern US Time. Support representatives are advising clients who were negatively impacted to log audits using the subject line, “Price freeze.”
Thursday, 15/01/2015 | 14:03 GMT by
Avi Mizrahi
A £130 Million FX Fraud Hits Celebrity UK Investors, Brokers Are Getting Ready for 2015
- Forex Magnates spotlights the passing week's top news from around the world, from Leverate founders' 25% buyback of shares from Saxo Bank to another major broker's final exit from the North American market.
Sunday, 28/12/2014 | 14:27 GMT by
Avi Mizrahi
Speaking to the Masses: Merits and Pitfalls of the Big Sponsorship Deals
- Brokers are stealing the limelight with super-star, million-dollar, sponsorship deals as they look for the blessings of marrying football with FX. How can these flashy partnership maximize building one's brand?
Friday, 26/12/2014 | 08:00 GMT by
Adil Siddiqui
Alpari Russia Announces Resumption of USD/RUB Trading
- The Russian ruble is back on the trading board as Alpari Russia and Alpari UK reopen trading after the market volatility has subsided somewhat following aggressive central bank and finance ministry actions.
Friday, 19/12/2014 | 11:16 GMT by
Victor Golovtchenko
Alpari UK’s Trading Volumes Wither -13.4% MoM in November
- Alpari UK has reported its monthly trading volumes for the period ending November 2014, which witnessed waning global trading volumes of $191.4 billion, after posting robust October trading volumes of $221 billion.
Thursday, 18/12/2014 | 14:50 GMT by
Jeff Patterson
Ruble Slump Impacts Trading Volumes Report at Alpari Russia
Wednesday, 17/12/2014 | 14:14 GMT by
Victor Golovtchenko
Ruble Carnage Continues as Brokers Halt Trading, Cut Margin
- Despite customers reporting problems at several brokers, traders on the whole are benefitting from the spike in prices. Some brokers have indicated to Forex Magnates that their clients are overwhelmingly long.
Tuesday, 16/12/2014 | 17:29 GMT by
Ron Finberg
Alpari UK Trading Volumes Stabilize Further in October, Ticking up 2%
- A cash-back promotion lasting throughout the second half of the month in tandem with increasing interest in trading precious metals has contributed to a solid month at Alpari UK despite increasing competition.
Thursday, 27/11/2014 | 12:35 GMT by
Victor Golovtchenko
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