Forex broker in Cyprus

tc81 · Jun 10, 2012

Hello,

I am newbie here and I am thinking of opening an account with AlpariFS in Cyprus.
I heard that Cyprus government is asking for a bailout with EU.
Do you think it's safe for me to open account with them?
How will the bailout affect Forex brokers in Cyprus?
Any input is appreciated.

Thanks in advance to everyone for helping me out.

rsidivergence · Jun 10, 2012

Where do you live?

NVP · Jun 10, 2012

tc81 said:
Hello,

I am newbie here and I am thinking of opening an account with AlpariFS in Cyprus.
I heard that Cyprus government is asking for a bailout with EU.
Do you think it's safe for me to open account with them?
How will the bailout affect Forex brokers in Cyprus?
Any input is appreciated.

Thanks in advance to everyone for helping me out.

No

pboyles · Jun 10, 2012

tc81 said:
Hello,

I am newbie here and I am thinking of opening an account with AlpariFS in Cyprus.
I heard that Cyprus government is asking for a bailout with EU.
Do you think it's safe for me to open account with them?
How will the bailout affect Forex brokers in Cyprus?
Any input is appreciated.

Thanks in advance to everyone for helping me out.

It's got nothing to do with a bailout. It's more to do with various mafia and criminal gangs that are operating there due to poor regulation. Why don't you open an account with a broker that is properly regulated in a country where they are more inclined to protect the public. You're liable to get ripped off dealing with offshore brokers.

Alpari UK · Jun 11, 2012

tc81 said:
Hello,

I am newbie here and I am thinking of opening an account with AlpariFS in Cyprus.
I heard that Cyprus government is asking for a bailout with EU.
Do you think it's safe for me to open account with them?
How will the bailout affect Forex brokers in Cyprus?
Any input is appreciated.

Thanks in advance to everyone for helping me out.

Hi tc81,

I can understand why you are concerned. However, retail clients of Cyprus-regulated brokers are protected by the Investor Compensation Fund for up to EUR 20,000 in the rare event their broker defaults.

If you have any further questions, please feel free to contact our Cypriot office via email, live chat or call +357 25 257 333.

Alex
________
Alexander Chadwick
Alpari (UK) Representative

Magaman · Jul 16, 2012

pboyles said:
It's got nothing to do with a bailout. It's more to do with various mafia and criminal gangs that are operating there due to poor regulation. Why don't you open an account with a broker that is properly regulated in a country where they are more inclined to protect the public. You're liable to get ripped off dealing with offshore brokers.

Couldn't help but notice the last word: offshore

Cyprus is still an offshore?

anley · Jul 17, 2012

Whenever the 2 words 'Cyprus' and 'Forex' come up, I always have a good laugh.

Forex broker in Cyprus

tc81

Newbie

rsidivergence

Junior member

NVP

Guest Author

pboyles

Legendary member

Alpari UK

Experienced member

Magaman

Newbie

anley

Senior member

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