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Vipro Markets review and ratings

Established 2015
Location Cyprus
Regulation CySEC, FCA, CONSOB, CNMV, ACPR, BaFin
Offices Limassol
Broker type STP | ECN
Leverage up to 1:30
Deposit from 25 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Indices Metals Energies Bonds
Funding methods Wire Transfer Credit Cards Skrill Neteller DotPay

Company information

Vipro Markets is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).

Vipro Markets entity is also registered and supervised by the FCA (UK), the CONSOB (Italy), the CNMV (Spain), the ACPR (France), the BaFin (Germany).

Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

Vipro Markets accepts clients from all over the world, excluding USA, Cuba, Iraq, Myanmar, North Korea and Sudan.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
15 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
1 Energy CFD Based on Crude Oil (WTI).
4 Bond CFDs Based on German government securities.

Comprehensive review

Now a part of Tickmill group of companies, VIPRO Markets shares its regulatory status, registration, and most trading conditions with its new owner Tickmill Europe Ltd. It is a forex and CFD broker that offers trading in all the most popular currency pairs, equity indices, commodities, bonds, precious metals, and energies with tight spreads and low overall fees.

In terms of account types, VIPRO’s offering is identical with Tickmill, offering the following accounts:
– Classic account for trading with no commissions
– Pro account with commissions and tighter spreads starting from 0.0 pips
– VIP account with low commissions, tighter spreads, and a minimum account balance of USD/EUR/GBP 50,000
– Professional account for clients designated as “professionals” with flexible leverage
– Islamic account for Muslims, fully compliant with Sharia law
– Demo accounts with virtual money for risk-free practice

VIPRO Markets further offers order execution for its Classic, Pro, and VIP accounts that few other brokers can match, with an average execution speed of 0.1 seconds and a minimum trade size of 0.01 lots.

For regular retail clients, leverage with VIPRO is capped at 1:30 due to its registration within the European Union, under the oversight of the Cyprus Securities and Exchange Commission (CySEC). However, its EU and ESMA regulation also means an added layer of security for its clients, including things like CySEC’s EUR 20,000 investor compensation program in the event the broker ever becomes insolvent.

In addition, the broker’s status as part of the major group of companies that Tickmill represents means that security, customer service, and regulatory issues will usually be taken very seriously by the company.

VIPRO’s website immediately comes off as serious, professional, and tidy, with all relevant information readily available for traders in 7 different languages. The website also includes a large “Resources” section with lots of free-to-use tools and analyses. Particularly handy are the forex calculators that lets traders easily calculate things like margins and pips for various currencies

The freely available information published by VIPRO also includes a large library of videos and webinars, covering topics including various trading styles like day trading, news trading, forex carry trading, and so on. The website further offers a large section covering in detail how to construct a robust trading strategy based on tried and tested trading principles like support & resistance lines and moving averages.

For those of VIPRO’s clients who are curious about the Tickmill’s acquisition of VIPRO, the website features an extensive FAQ section that deals with the issue specifically, including things like the broker’s new regulatory status and whether it will be possible for existing clients to transfer funds between the two brokers.

As far as trading platforms go, VIPRO has chosen the standard approach of sticking with the downloadable MetaTrader 4 (MT4) platform, as well as the web-based version of the same platform for those who prefer easy trading in their web browser. As usual, mobile apps for iPhone and Android users are also available with the same familiar MT4 interface.

Lastly, VIPRO’s customer service is available via a Cyprus phone number, email, and a live chat option available in English, Russian, Italian, Polish, Portuguese, Spanish, and Vietnamese.

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