The Cyprus EU bailout – will it affect FX brokerages?

Saxo Bank co-CEO’s comments question whether the 10% confiscation of client funds at Cyprus banks will also apply to Cyprus FX brokerages. Before we start (or contribute to an existing) panic among clients of Cyprus-based FX brokerages, we would like to state at the outset that we have been told…

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The Cyprus EU bailout – will it affect FX brokerages?