Thread: Is it possible this broker is laundering MONEY?

Hi,
I understand that its a weird address, but what happen now in a single Arabic forum, make me asking this question,
can it be possible that a huge forex broker such as Alpari.uk sponsor a demo competition in an Arabic forum, send the prizes ($10,000 in total) into the winners with wire transfer?


even if this happened, then another question pop up, which will be where's the advantages of this Alpari from this activity, especially if the sponsored forum is a tiny forum and have an extremely tight members (traffic ).

We all know that all the respected brokers sponsored competitions, but they put a tough conditions to withdrew this decoration ( big number of lots to trade ). Some other brokers announce that the decoration is only for trade, but never for withdrew, so how come that ALPARI send the money to someone who obtained a demonion competition?

He is an image for the advertisement of that forum, it's Arabic, but I translate the vital words that show my claims, and most of us see Alpari logo in the thread.

http://up.lolylife.info/images/eb75dylgtrwkr1i8.png

10K? Really?

Alpari are legitimate Russian business guys. Insert a couple zeros to get their attention. .

Originally Posted by ;

10K? Really?

Alpari are legitimate Russian company guys. Insert a few zeros to get their attention. .

Do you imply that the UK regulation for your anti money laundering enable brokers to perform it with amount less than $10000:O?

Originally Posted by ;

is it possible that a huge FX broker like Alpari.uk sponsor a demonion competition in an Arabic forum, then send the prizes ($10,000 in total) to the winners by wire transfer?
Ain't this consider as a money laundry???

Not whatsoever.

Why should the winner be prevented from getting his award by ridiculous requirements like trading a particular amount of lots?

Originally Posted by ;

Not at all.

Why should the winner be prevented from getting his award by ridiculous requirements like trading a particular number of lots?

Then what's the real benefits for the broker?

And what the purpose for withdrew the decoration with no trading in the real account and find a lot of profit / earning, particularly after trading the entire month on the demonion competition account and make E.X 2000% profit! ! !

Ok, here is the ugly truth

Alpari is not the sponsored for this particular competition,here is the reply from the fantastic support in Alpari UK, they really gain my respect after they reply to every one my questions by 3 mails.

Hello

that the offical website for this particular competition is

http://www.arabfx.net/vb/showthread.php?t=11418


based on the arabic fourm the competitions are simply on Alpari Mt4 platform and Alpari has nothing to do with it, and that the prizes aren't supplied by Alpari UK. But in the managment of the forum

Brokers dont have to put this into a contest. Alpari, FXDD, IBFX to name a couple do this kind of gig to attract people to exchange as much as you can.

As you see, brokers give these kind of promo of 10 percent, or 25% Bonus withdrawable when trader made a specific quantity of trades. People might think it's free money but in fact, you paid for that money in the form of spread.

For example, IBFX offered 10% Deposit Bonus withdrawable only if I created 100 Lots per $1000 of Deposit Bonus. 100 Lots in spread would be $2000 at the least these days. So it is not free money. What do brokers get out of this? Its a gimmick to create traders STICK together. It is purely psycological. But most traders would shed their money/account even before they managed to exchange 25% of the needed lots and most likely, the broker is playing against the trader (bucket shop)

Per week a go, I contacted the Currency Market factory adminior, asking them to change the name of the thread, because Alpari already replied to the thread, and it's obvious now the Arabian forum operator was the scammer whom assert it's Alpari whom hosted his forum demonion competition, while Alpari never did any thing like this, not with him , and not with other people forums owners.

Now I tried to change the subject title from the edit button, but it alter it from inside, so, I wonder whether there's any thing else I could do for solve this problem.

Originally Posted by ;

Hello,
I understand that its a weird address, however what happen today in one Arabic forum, make me asking this particular question,
can it be possible that a big forex broker such as Alpari.uk host a demo competition in an Arabic forum, send the prizes ($10,000 in total) into the winners by wire transfer?


Now even if this occurred, then another query pop up, which is where is the benefits of this Alpari from this action, especially when the sponsored forum is a very small forum and have an extremely tight members (traffic ).

We all know that all the respected brokers...

well this remark raise few quastions also it's vital to answer those quastions, to clear some of the lies that comprised

1. The ArabFX hero contest is sponsered by ArabFX and NOT Alpari UK

2. ArabFX use Alpari UK MT4 platform for the contest merely

3. The member ZX10 (or even abo omer ) he had been a worker in ArabFX and he well informed that ArabFX sponser the contest, which increase the quastion why he need to call Alpari UK and ask them about the contest, it's well-known by him and most the fourm members the prizes by ArabFX

4. All of the pictuers taken in this remark are NOT taken from ArabFX website, any one can go to the offical website he will find that it is says certainly the prizes are from ArabFX


several quastions and notes that I will increase here,

1. If ZX10 understands that ArabFX is the sponser the contest and NOT Alpari UK, why he need to contact Alpari UK to ask them if they sponser the contest or NOT?

2. Why zx10 cannot provide 1 eveidence from ArabFX website says the Alpari UK sponser this contest, In another side ArabFX make it several times clear that they sponser the contest

3. Why ArabFX taken legal action against zx10, ArabFX make it clear what he wrote here is just a lies and they will have legal action against him

4. All arabic fourms confirmed that zx10 topic is scam so they deleted his topic

5. Zx10 was former employee in ArabFX and arabFX managment discovered that he is NOT qualify for the job, and since then he start to attack the fourm and it's managment, which make it very clear that zx10 is just causing trouble.


I hope the pictuer become clear to everyone concerning the truth of the issue