VIPRO MARKETS can be summarised as a credible broker that is fully regulated and transparent with high operational standards, low trading fees, superior service delivery, helping investors reach their objectives. VIPRO MARKETS has an overall rating of 7/10.
VIPRO MARKETS at a Glance
| Broker's Name | VIPRO MARKETS |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | FCA, CySEC, SFSA |
| 🌐 Countries not accepted for trade | USA, Cuba, Iraq, Myanmar, North Korea and Sudan |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $25 |
| 💳 Deposit Options | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill |
| 💳 Withdrawal Options | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill |
| 💻 Platform Types | iPhone/iPad, and Web Trading Platform |
| 📱 OS Compatibility | Windows, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | currency pairs, gold, silver, crude oil, and main CFDs like DAX 30, JP225, Nikkei 225, Euro Stoxx 50, FTSE 100, Dow Jones 30, S&P 500, Nasdaq 100 |
| 👨💼 Languages supported on Website | English, Italian, Greek, Russian, Polish, Lithuanian, Arabic, Latvian |
| 👥 Customer Support Languages | English, Italian, Greek, Russian, Polish, Lithuanian, Arabic, Latvian |
| 📆 Customer Service Hours | 24/5 |
Min Deposit
USD 25
Regulators
FCA, CySEC, SFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
VIPRO MARKETS Review – 18 Key Point Overview
VIPRO MARKETS Overview
VIPRO MARKETS Overview
According to research in South Africa VIPRO MARKETS is a securities broker in Cyprus. VIPRO MARKETS was founded in 2015 and is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as a member of the Investor Compensation Fund (ICF).
VIPRO MARKETS offers trade in forex, stock, indices, commodities, CFDs and precious metals. VIPRO MARKETS is now part of the Tickmill Group of companies, sharing its regulatory status, registration, and most trading conditions.
VIPRO MARKETS Safe or Scam
One of the best benchmarks to measure the safety of a broker like VIPRO MARKETS, is to establish which regulating authorities are watchdogs over its actions.
The VIPRO MARKETS group comprises three companies. VIPRO MARKETS UK is regulated by the Financial Conduct Authority (FCA), VIPRO MARKETS CY in Cyprus is regulated by the Cyprus Securities and Exchange Commission (CySEC) and VIPRO MARKETS SEY in the Seychelles is regulated by the Seychelles Financial Services Authority (SFSA).
The United Kingdom and Cypriot companies are even more restricted because of the European Securities and Markets Authority (ESMA) regulations.
VIPRO MARKETS Pro and cons
| ✔️ Pros | 🔴 Cons |
| Properly regulated | Some information lacks on website |
| Variety of trading instruments | Support not available 24/7 |
| Variety of account types | |
| MT4 provided |
VIPRO MARKETS Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
VIPRO MARKETS offers a maximum leverage ratio of 1:30 due to European Union standards but VIP traders are allowed higher ratios of leverage on certain trading assets:
Forex 1:500
Gold and silver 1:250
CFD 1:500
Oil 1:500
VIPRO MARKETS Accounts
A forex account at VIPRO MARKETS is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
VIPRO MARKETS offers the same types of accounts as Tickmill, which are:
The VIPRO MARKETS Demo Account with $50 000 of virtual funds to practice trading under market conditions.
A Classic Account for trading with no commissions,
A Pro Account with commissions and spreads starting from 0.0 pips,
A Professional Account with flexible leverage,
An Islamic account compliant with Sharia law,
A VIP Account with low commissions, tight spreads, and a minimum account balance of 50,000 USD/EUR/GBP.
Min Deposit
USD 25
Regulators
FCA, CySEC, SFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
VIPRO MARKETS Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Cryptocurrencies
Bitcoin (BTC) is the digital currency with the largest market capitalisation.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability
Ripple (RPL) is popular among big banks with the Ripple network a next generation real-time gross settlement system.
Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.
VIPRO MARKETS offers the following of the above: more than 62 currency pairs, 2 metal CFDs based on gold and silver, 1 energy CFD based on Crude Oil (WTI), 15 Indices CFDs based on blue-chip stocks, 4 bond CFDs based on German government securities and main CFDs like DAX 30, JP225, Nikkei 225, Euro Stoxx 50, FTSE 100, Dow Jones 30, S&P 500, and Nasdaq 100.
VIPRO MARKETS Fees
Cost depends on different factors, like spread and margins, and VIPRO MARKETS clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
VIPRO MARKETS charges the following costs on accounts:
Classic Account: Zero commissions.
Pro Account: 2 USD per 100 000 USD traded, per side (0.0020% of notional value).
VIP Account: 1.6 USD per 100 000 USD traded, per side (0.0016% of notional value).
There is no mention of deposit or withdrawal fees.
VIPRO MARKETS Deposit and withdrawal
Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of VIPRO MARKETS the following minimum deposits are required to open the relevant accounts:
Pro Account – 25 $/€/£
Classic Account – 25 $/€/£
VIP Account – 50 000 $/€/£
Accounts can be funded in USD, GBP, EUR or PLN via Wire Transfer, Credit Cards, Debit Cards, Neteller and Skrill.
VIPRO MARKETS Trading platforms
The forex trading platform provided by VIPRO MARKETS to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
VIPRO MARKETS provides MetaTrader 4 as trading platform and traders can use the downloadable MetaTrader 4 (MT4) platform, as well as a web-based version. Mobile apps for iPhone and Android users are available.
Min Deposit
USD 25
Regulators
FCA, CySEC, SFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
How to open an VIPRO MARKETS account
Similarly to a bank, to register a forex trading account with VIPRO MARKETS for the first time, you will be required to go through a basic “know your customer” process, which will allow VIPRO MARKETS to ascertain that your submitted details and ensure the safety of your funds and account details.
VIPRO MARKETS Customer support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of VIPRO MARKETS customers can reach the support team by means of phone, chat, email, and fax and support is available in English, Russian, Italian, Polish, Portuguese, Spanish, and Vietnamese.
VIPRO MARKETS Education
Before starting to trade, potential clients of VIPRO MARKETS should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
VIPRO MARKETS offers free videos and webinars on topics like trading styles, news trading, forex carry trading, and more.
VIPRO MARKETS Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.
With VIPRO MARKETS they have access to a “Resources” section with free tools and analyses like forex calculators.
VIPRO MARKETS Awards
Being an awarded company instils extra confidence by traders. Although VIPRO MARKETS is acclaimed by customers, there is no indication of awards won on its homepage.
VIPRO MARKETS vs Keytrade Bank vs IFGM – A Comparison
| 🔎 Broker | 🥇 VIPRO MARKETS | 🥈 Keytrade Bank | 🥉 IFGM |
| 💰 Minimum Deposit | $25 | $1/R16 | $200/R3 200 |
| 📝 Sign-Up Bonus | – | – | – |
| ➕ Max. Leverage | 1:500 | 1:100 | 1:500 |
| 💵 Currency Pairs | – | 160 | 28 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Min Deposit
USD 25
Regulators
FCA, CySEC, SFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Vipro Markets is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, helping investors reach their objectives. It caters for all types of traders with different levels of experience.
VIPRO MARKETS comprises three related companies, regulated respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (SFSA).
VIPRO MARKETS focuses on forex, stock, indices, commodities, CFDs and precious metals and has retail and institutional clients.VIPRO MARKETS has recently become a part of the Tickmill Group of companies.
Disclaimer
VIPRO MARKETS warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with VIPRO MARKETS, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
VIPRO MARKETS warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence VIPRO MARKETS cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
What are the advantages of trading with VIPRO MARKETS?
VIPRO MARKETS is properly regulated and offers a variety of trading instruments, variety of account types, MT4 provided.
What are the disadvantages of trading with VIPRO MARKETS?
Some information lacks on website and support is not available 24/7.
How many instruments can I trade with VIPRO MARKETS?
You can trade several different instruments with VIPRO MARKETS, which include:
- 62 currency pairs
- gold
- silver
- crude oil
- CFDs
Which platforms are supported by VIPRO MARKETS?
VIPRO MARKETS provides the following popular trading platforms:
MetaTrader 4
Is VIPRO MARKETS regulated and by whom?
VIPRO MARKETS is regulated by FCA, CySEC, SFSA.
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