The Eurozone finance ministers have decided and agreed as part of the bailout measures for Cyprus a haircut of 10% on all depositors funds (6.7% for deposits under 100k). This essentially means that savers will lose 10% of their savings that are deposited in any Cypriot banks.
HOW DOES THIS AFFECT YOU AS A TRADER
A lot of FX Brokers maintain offices in Cyprus ,due to its low tax rate.
Does your broker maintain funds in Cyprus banks that may affect you?
More about this here
HOW DOES THIS AFFECT YOU AS A TRADER
A lot of FX Brokers maintain offices in Cyprus ,due to its low tax rate.
Does your broker maintain funds in Cyprus banks that may affect you?
More about this here