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.
Verified Broker Support and Analyst
Master Contributor and Member
I can understand why you may be 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.