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Vipromarkets review

Vipromarkets


On-line since: 2015
Country of origin: Cyprus
Regulation: CySec
Payment options: VISA, MasterCard, eComCharge, wire transfer, Skrill, Neteller, Dotpay
Minimum account size: $25
Minimum lot size: 0.01 lot
Leverage: 1:500
Spreads: from 0 pips

About company:

Vipro Markets is a trademark of the Cyprus investment company Vipro Markets Ltd. STP broker provides fast and secure access to the currency, commodity, precious metals and stock indices markets.

Vipro Markets offers its customers two main types of trading accounts: Classic without any commission and ECN account that requires a $2 fee for every traded $100,000. You can also register a VIP account, which gives great advantages in trading – spreads from 0.0 pips and a smaller commission size. All types of accounts enable floating spreads, leverage up to 1:500 and micro-lots. To open an account, you need to deposit as small as $25. A low deposit is especially beneficial for ECN accounts. The broker does not support swap-free (Islamic) accounts.

The company clients work on the MetaTrader 4 (MT4) platform, which supports trade from a computer, mobile devices and web pages.

MT4 is a popular trading platform that enables a full range of trading tools and resources: an expanded set of charts and market analysis tools (33 analytical resources and 30 built-in technical indicators) that simplify market analysis and provide help from expert advisors.

In addition, Vipro Markets offers its clients VPS hosting service, which allows traders to use automatic algorithmic strategies around the clock.

The broker guarantees order execution speed of 0.3 seconds by having their trade servers hosted in the Equinix LD4 data center in London.

In September 2016, the brokerage company gave their clients access to MAM accounts (Multi-Account Manager). The MAM platform developed by Vipro Markets is based on the MetaFX software.

The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC imposes certain requirements to the licensed companies and controls compliance with established rules, for example, clients’ funds must be kept on separate accounts. The Commission regularly audits brokers’ performance. In addition, CySEC requires that all forex brokers must have at least €730,000 in the account as evidence of their financial stability.

As an additional guarantee of client funds safety, all companies regulated by CySEC register as members of the Investor Compensation Fund that compensates trader’s losses up to EUR 20,000 if a broker fails to meet its obligations.

Vipro Markets is one of the few brokers that does not charge a commission for deposit and withdrawal of funds, giving an opportunity to withdraw all profit for free.

Read reviews of Vipro Markets before you register as a trader with the broker.

Vipromarkets 3/10 (votes 1942)
Author of Vipromarkets: Urmilla | Date 2022-11-15
Being trading with for five months I am very happy with Vipro Markets, they offer very tight spreads, on all majors pairs and a crosses pairs. Trading execution using MT4 and mobile platforms has been an excellent; no re-quotes, no system issues. In case of technical assistance, their 24/7 online to help their clients. So far they are doing good.
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Author of Vipromarkets: Devian | Date 2021-10-15
Live support can’t help you, the guy just says withdrawals is not his department. The unreliable trading platform of this broker greatly affects my trading activities. Vipromarkets do not provide a reliable trading services. This broker needs to update the platform and adds more promising trading programs to maintain their reputation. I wasn't pleased for the results of my trades for I easily lost my money due to the requotes. They have a limited online payment processors and high commission plus spreads that goes up to 23 pips.
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Author of Vipromarkets: BillArnold | Date 2021-10-04
I have traded with Vipro Market brokers in a VIP account. I've seen their MT4 trading platform always executed my orders perfectly and My EA works well with the fixed spread and lives price quote. Also, I haven't had any technical or financial issues yet. So I am grateful to Vipro Market.
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Author of Vipromarkets: Beverly | Date 2021-07-26
I am having troubles with the withdrawal of my funds from Vipro Markets. I have been waiting for two weeks now but I am still not receiving the money. The company told me to patiently wait but they are not providing updates on the status of the transaction.
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Author of Vipromarkets: Derry | Date 2020-09-23
I must say their MT4 platform always executed my trade 10 to 30-sec delay, but I have nothing to do. Then somethings I get big slippage too. The next day, they suddenly increased the spreads, so my EA doesn't work. I explained all issues to the support but I didn't get any solution from them instantly. It pissed me off to join them. I have no choice, I'll quite right away from iron fx.
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Author of Vipromarkets: Leboh | Date 2020-08-12
Most of their processes have a very huge system fees. I also noticed that this broker has the most huge spreads. I won't recommend them to anyone. Please do not entrust your money with this broker because they are not regulated. I asked them why it occurs normally through e-mail but I heard nothing from them anymore.
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Author of Vipromarkets: Sameh | Date 2020-06-08
I can't trade well on the Vipro Market platform. As my order always delay 10 to 20-sec or slippage 5 to 60 pips in a VIP account. Beside they suddenly increased the spreads and my EA fail to work. I have asked for their support but no solution yet. Moreover, I have lost $200 plus so far. I think it is impossible to trade with them.
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Author of Vipromarkets: Velen | Date 2020-05-06
The worst part of this broker is their trading platform, they let you trade 100% of your account regardless of what leverage you use, which in itself will fail you sooner or later. I started trading with with $400 via Skrill because it was the minium for a standard account and I placed some STL orders athat did not work, and I ended up having some losses, I tried again by funding my account with $100 via Skrill again, this time the platform kept freezing. They are not confirming at all.
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Author of Vipromarkets: Nensy | Date 2020-01-30
I was winner of one Vipro markets contest and get $70, but trading at real account was very big problem for me. Requotes and slow execution. All my profits was gone today because they didn't close my position. I already set stop loss and TP but they weren't honored. I am upset and disappointed. They'll delete all your profits once you have a good trading positions. I don't recommend them because I don't want you to experience what I had experience with this broker.
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Author of Vipromarkets: Billy | Date 2019-12-04
Vipro Markets has a reasonable minimum initial deposit and I think even beginners will be able to deposit this much. As for the trading experience, I must be honest that it is not always good. There are times when their platform crashes or the server is very laggy. Trading activities are not always smooth because of this. But they have a friendly team of customer support and they always receive all kinds of complaints but remain calm when dealing with clients.
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