Forex broker in Cyprus

[tc81]

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]

Where do you live?

 

[NVP]

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]

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]

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]

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]

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