Vipro Markets group includes 5 related companies.
Vipro Markets UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
Vipro Markets CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Vipro Markets SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Vipro Markets MY - located in Malaysia, regulated by the Labuan Financial Services Authority (LFSA).
Vipro Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Vipro Markets accepts clients from all over the world, excluding USA, Cuba, Iraq, Myanmar, North Korea and Sudan.
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.|
|2 Energy CFD||Based on Crude Oil (WTI, Brent).|
|4 Bond CFDs||Based on German government securities.|
VIPro Markets was the name of a forex & CFD broker that used to operate independently, but now has become part of the Tickmill group of companies, and thus no longer operates as an independent brokerage.
The VIPro brand originally got acquired by Tickmill Europe Ltd, and for a while continued to operate its own website with an identical offering as Tickmill. However, the two brokerages have later been fully merged, and VIPro’s old website no longer exists.
However, Tickmill still has a pretty good offering on its end, which includes trading in all of the most popular currency pairs, equity indices, government bonds (from Germany only), precious metals, and energies with tight spreads and low overall fees.
In terms of account types, VIPro/Tickmill offers the following types of trading 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
– Islamic account for Muslim traders
– Demo accounts with virtual money for risk-free practice
VIPro/Tickmill 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 based in the EU, leverage with VIPro/Tickmill is capped at 1:30 due the strict regulations on forex brokers within the European Union. 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. For clients based in other parts of the world, however, the leverage available is far higher, going as high as 1:500 on the most liquid instruments like the EUR/USD currency pair.
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/Tickmill’s website immediately comes off as serious, professional, and tidy, with all relevant information readily available for traders in 14 different languages. The website also includes large “Education” and “Tools” sections 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/Tickmill 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.
As far as trading platforms go, VIPro/Tickmill has chosen the traditional 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/Tickmill’s customer service is available in local languages from most of the broker’s branches around the world, including in the UK, Malaysia, the Seychelles, and Cyprus.