Cysec Brokerage, are they at risk of a Cyprus default

[CityBoy]

Does anyone know if Cysec brokers will be at risk if Cyprus gets a bailout or defaults?

Would this alone cause you to switch until this situation becomes clear?

 

[Enivid]

Some problems are possible if the broker keeps traders' money in some Cyprus bank that goes bankrupt.

 

[Lougreth]

Im working with a Cyprus Company also. Name of them Falcon Brokers LTD. I had not got any problem about them. Im using 1:100 leverage and they let for accounts 0.01 minimum lot.They dont use Swaps. Bytheway i profit last 2 months totally 25k $ and they paid my money soo quick. I advice them.

 

[Dominator4fx]

Some problems are possible if the broker keeps traders' money in some Cyprus bank that goes bankrupt.

Yes, for those brokers it is a reason enough for worry.

It is so good that my broker does'nt keep money in Cyprus, even though it's Cyprus regulated

 

[Nyan]

I don't think the problem could affect cyprian brokers. I believe they hold the money in foreign banks predominantly so they will not be have to pay that tax.

 

[hashtagtrade]

I read yesterday that Cyprus government will/have restrict CySec broker to take clients from outside of eu.

After all the issue with their economic, why would the government make such strange move - I think that they should try hard to make it easy for company in Cyprus to become successful, not destroy them

 

[Enivid]

I read yesterday that Cyprus government will/have restrict CySec broker to take clients from outside of eu.

After all the issue with their economic, why would the government make such strange move - I think that they should try hard to make it easy for company in Cyprus to become successful, not destroy them

It is not a strange move. A company has to be regulated in a country where it establishes an office for soliciting customers, which are residents of that country.