Vipro Markets Ltd is one of the newest Cypriot brokers, established in 2015. It is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Vipro Markets offers 62 currency pairs, commodities and indices, all available for trading in one of the most popular trading platforms worldwide – MetaTrader 4 (MT4).
Clients can choose MT4 platform for PC, MAC, Android devices, iOS devices and web-based application.
There are three types of accounts:
- Classic one that provides spreads from 1.6 pips, no commissions and USD25 as a minimum deposit amount;
- ECN Pro account, intended for more experienced traders that provides spreads from 0.0 pips but with USD2 fee per USD100,000 traded;
- VIP account with minimum deposit amount of USD50,000.
The broker offers maximum leverage of 1:500 for major currency pairs and gold and claims to have an average order execution speed of 0.3 seconds. Vipro Markets also claims to be a Straight-Through Processing (STP) broker that transmits all client’s orders to its liquidity providers. That is the reason for potential rejection or partial execution of the client’s orders. However, Client Agreement shows that all pending orders are non-guaranteed and during periods of low liquidity and high volatility can be executed at a significantly different price than expected. Market orders are also executed at the first available marker price. That means slippage exists.
Clients should consider that higher leverage leads to a greater risk of loss and there is no negative balance protection so they could owe money to the broker.
Websites provides some useful tools such as economic calendar, market analysis, forex calculators and examples for trading strategies.
Vipro Markets has a ‘zero withdrawal’ fees policy and there are no commissions in any one payment method as per its website.