Alpari UK Enters Insolvency ~ online trading academy professional forex trader series dvd
Reuters report that they’ve entered into insolvency after clients sustained losses on yesterday’s Swiss Franc moves
Statement on Alpari’s website is as follows;
Statement on Alpari’s website is as follows;
Important announcement
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. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.– See more at: http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement#sthash.8SZIPTqA.dpuf
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