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VIPRO -

Score

2.02 /10
Danger

VIPRO

Cyprus

5-10 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

United Kingdom European Authorized Representative (EEA) Revoked

Suspicious Overrun

High potential risk

https://www.vipromarkets.com

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Score

Regulatory Index0.00

Business Index7.46

Risk Management Index0.00

Software Index7.02

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Vipro Markets Ltd

Company Abbreviation

VIPRO

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 7
Previous Detection : 2024-09-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United KingdomFCA (license number: 733772) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

VIPRO · Company summary

General Information & Regulation

Vipro Markets is a CySEC regulated investment firm, offering Forex, Stocks, and CFDs trading services. 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 VIPros old website no longer exists.

Market Instruments

Vipro/TickMill offers investors a wide range of trading assets, including stocks, CFDs, indices, Forex, precious metals, and energies.

Minimum Deposit

To meet the needs of different investors, Vipro/TickMill offers three different types of accounts: Classic Accounts (minimum deposit of $100/€100), ECN Pro Accounts (minimum deposit of $100/€100), and the VIP Account ( with a minimum balance of $50,000/€50,000).

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Leverage

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. 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.

Spreads & Commissions

Vipro/TickMill charges only spreads as commission for Classic accounts. For ECN Pro accounts, the commission is $2/per $100,000 traded (0.0020% of the notional value) and $1.60/per 100,000 traded (0.0016% of the notional value) for VIP accounts.

Trading Platform

Vipro/TickMill offers traders the market-leading and widely acclaimed MT4 trading platform, as well as MT4 PC, MT4 Android, MT4 iPhone/iPad, and MT4 Web to meet a wide range of user needs. MT4 is currently one of the most popular forex trading platforms, with powerful charting and data analysis tools that help different traders to develop different trading strategies.

Deposit and Withdrawal

Vipro/TickMill supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard credit/debit cards, NETELLER, Skrill, wire transfer, Dotpay (only available for Polish currency).

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Customer Support

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.

User Reviews

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User comment

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Comments

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FX1618646260
more than one year
VIPRO is hands down one of the best brokers out there. They're like a hidden gem in the forex world, not widely recognized but truly outstanding. Their spreads and execution have consistently been top-notch.
VIPRO is hands down one of the best brokers out there. They're like a hidden gem in the forex world, not widely recognized but truly outstanding. Their spreads and execution have consistently been top-notch.
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2024-02-07 15:35
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FX1021479401
more than one year
What’s wrong with VIPRO? Their website seems to be unavailable..when I tried to access it, I was given a table of Login to Tickmill, but I have to enter my email address if I want to get in. How confusing! Is this broker called VIPRO? Why now it changes into Tickmill?
What’s wrong with VIPRO? Their website seems to be unavailable..when I tried to access it, I was given a table of Login to Tickmill, but I have to enter my email address if I want to get in. How confusing! Is this broker called VIPRO? Why now it changes into Tickmill?
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2022-11-22 14:42
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