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Forex Brokers News

Welcome to ETX Capital

 

ETX Capital is excited to welcome former clients of Alpari (UK). We look forward to working with both you and the joint special administrators in the weeks ahead to transfer your funds to your control.

Source : Etxcapital

 

Online spread betting firm ETX Capital has purchased the client data of former retail foreign exchange broker Alpari UK from administrators KPMG for an undisclosed sum.ETX Capital purchased data relating to approximately 160,000 accounts, allowing it to set up new trading accounts for former Alpari clients. Outstanding funds which are due these clients can be transferred to new accounts with ETX.Alpari collapsed in January following extreme volatility in the Swiss franc when the Swiss National Bank scrapped its exchange rate peg with the euro. The company sustained substantial financial losses as a result of negative client balances and was declared insolvent.

Source :Investing

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