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Alpari (UK)

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Regulation

Alpari (UK) Limited is authorised and regulated by the Financial Services Authority (FSA).

For more details please visit the FSA website, using Alpari (UK)'s company reference number: 448002, or company name: Alpari (UK) Ltd.

About the FSA

The FSA is an independent body that regulates the financial services industry in the United Kingdom. The FSA has been the single regulator for financial services in the UK since December 2001, when it was given statutory powers by the Financial Services and Markets Act 2000 (FSMA 2000).

Key benefits for Alpari (UK)’s clients

All companies regulated by the FSA are obliged to meet strict financial standards including capital adequacy requirements. Companies are required to submit financial reports to the regulator on a regular basis. The FSA has the right to fine companies and/or terminate a company's regulatory status for violations.

The regulations require that our company:

• Maintains sufficient liquid capital in excess of the amount required to cover all client deposits, potential fluctuations in the company's currency positions and outstanding expenses.
• Does not include any debt outstanding to the company as part of this capital
• Undergoes a detailed annual audit performed by an independent financial auditor.

Furthermore, Alpari (UK) only holds deposits with reputable financial institutions. All funds, whether they are classified as company funds or client funds, are kept in the safest top-tier banks such as Barclays Commercial, Deutsche Bank and HSBC.

Our annual financial reports are audited by a leading UK financial auditor Smith & Williamson.

What is the Financial Services Compensation Scheme?

The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensator of last resort for customers of financial services companies. Retail clients may be eligible to make a claim from the FSCS in the event Alpari (UK) is unable to meet its financial obligations, depending on status and the nature of the claim. (Visit www.fscs.org.uk for more information).

Who can make a claim from FSCS (what is an eligible claimant) ?

To be eligible for compensation you must have lost money because of your dealings with a regulated financial services firm. FSCS can pay compensation only for financial loss. The FSCS rules which are made for them by the Financial Services Authority (FSA) tell the FSCS which types of claim qualify for compensation, and limit how much compensation they are allowed to pay. Different rules and limits apply to different types of claims. The rules for FSCS form part of the FSA’s handbook. This is available on their website at www.fsa.gov.uk.

How much can I claim?

Compensation limits

When will FSCS become relevant ?

If you have a claim against a firm that has stopped trading and you have tried to contact the firm (or its owners) to see if they can pay your claim and the company is unable to pay itself, the FSCS may then be able to help you. If you have a claim or complaint against an authorised firm that is still in business, you should contact that firm directly. If your complaint is not resolved, you can contact the Financial Ombudsman Service (FOS).

What is the difference between the FSCS and the FOS ?

The FSCS considers claims from consumers against firms that are no longer trading if the firm (or its owners) does not have sufficient assets to pay claims itself. The FOS considers complaints about firms that are still trading if the consumer and the firm cannot reach agreement.

© 2004-2010 Alpari (UK), LTD