From 19 July 2015 to 18 January 2016, KPMG claims to have incurred time costs of £3,199,798. These represent 8,135 hours at an average rate of £393 per hour. From the date of the firm’s appointment to 18 January 2016, KPMG has incurred time costs of £10,475,461. Get all the top financial news delivered straight to your inbox. The FCA also reiterated the measures investors should take if their funds have been affected and if the amount falls within the threshold of the Financial Services Compensation Scheme.

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Choose from more than a dozen regional and global payment options to safely and easily deposit or withdraw your trading funds. Choose from more than a dozen regional and global payment options to safely deposit or withdraw your trading funds. We have clients across a large number of countries worldwide. We focus on serving regions often overlooked or underserviced by other trading brokers. With Alpari, wherever you are in the world, we provide everything you need to trade Forex, Metals, Commodities, Indices, Stocks and Cryptocurrency markets.

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Richard Heis, Samantha Bewick and Mark Firmin of KPMG LLP have been appointed joint special administrators. Due to a migration of services, access to your personal client area is temporarily disabled. An alternative Alpari website offers services that are better suited to your location. Copy the xcritical cheating strategies of more experienced traders and profit when they do. We offer spreads starting from zero and ultra-low commissions. Access to hundreds of instruments across the FX, Metals, Commodities, Indices, Stocks and Crypto markets.

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1. Having reached an assessment that the firm was no longer solvent, the firm made an application to Court to formally initiate insolvency proceedings under the SAR.
2. However, as 5.3% by value have not yet agreed their claim in the Claims Portal, the figure may fluctuate.
3. KPMG has paid a total of about $49.9 million from the client money pool in respect of 11,209 clients, representing approximately 51% of the CMP (client money pool).
4. For you, we provide a full online educational service, a customer service hotline in your local language and the confidence to start trading, knowing we have your best interests at heart.
5. He’s also requested a restriction on changes to its shareholder structure.

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However, as 5.3% by value have not yet agreed their claim in the Claims Portal, the figure may fluctuate. To date, 94,355 clients have access to the Claims Portal representing 99.8% by value of clients. Alpari Shenzen has been successfully deregistered and a sum of £3,108 remitted to Alpari UK. The second progress report covers the period from July 19, 2015 through to January 18, 2016.