Broker Vipro Markets – cheat with payments! Has the broker been closed?

Information sources of potential clients warn that Vipro Markets is trying to get maximum benefits for itself, and not always in an honest way. Some traders who worked with the intermediary say that the task of this dealing center is to drain the client’s deposit one hundred percent. Requotes, widening the spread, shifting the price flow of quotes – this is a far from complete list of what awaits a gullible user. Therefore, people post negative reviews about Vipro Markets.

• The company’s reputation is tarnished.
• When submitting a withdrawal request from Vipro Markets, the account may be blocked.
• When a client starts reaching profit indicators, he immediately loses money, because the broker manipulates trades.

What does Vipro Markets look like in the global financial markets?

Officially, everything looks more than good. Average spreads are low, ECN fees are minimal, trades are processed in super fast mode. Vipro Markets broker uses modern online platforms.

The company has some serious retail and institutional traders that generate high volume trades. Accordingly, if the commission is reduced, or the transaction is closed directly, then this increases the profit by thousands of dollars for such traders.

Vipro Markets has a fairly high quality official website. Clients can familiarize themselves with information related to the company’s activities. There is data on programs for partners. It offers fundamental and technical analysis tools, a trader’s calculator and a calendar. As such, there is no targeted training for newcomers in the company. World stock indices, precious metals, WTI crude oil and Forex currencies are traded.

Terms & Conditions

The broker offers clients a choice of 3 types of accounts: professional, classic, VIP. The initial deposit starts at $ 25. The difference lies in the amount of spreads and commissions charged. The instruments provided to choose from make up a classic list: commodities, indices, currencies, contracts for difference. Leverage – 1: 500 pips. But you must remember: the main thing of Vipro Markets is to get you to put money on a deposit and start trading.

Spreads are offered only on variable levels, as it should be for the Vipro Markets broker operating on the STP / ECN model. In September 2016, demand increased for advanced features in terms of functions, and increased automation of order execution from money managers. For the convenience of users, the Multi-Account Manager (MAM) service was provided.

This is not to say that the support service is efficient. The chat has been created, but is not operational. The client needs to fill out an application-letter and send it to the company’s email address. After that, some time passes in anticipation. It often takes several business days for a response to be received. The broker’s website states that Vipro Markets withdraws funds through debit and credit cards, e-wallets, bank transfers. If the amount exceeds 10 thousand $, £, €, then this money is withdrawn only to the bank account. The broker does not charge a withdrawal commission.

Vipro Markets offers free training

The company has a demo account, and this already has a positive effect on the Vipro Markets rating. CySEC acts as a regulator. Registration was made with several reputable organizations: FCA, BaFin, CONSOB, CNMV, ACPR. Learning opportunities are videos, e-books. When the material for one lesson is studied, then materials that were previously inaccessible are opened. The lectures were broken down into thematic collections: stocks, currencies, fundamental and technical analysis. There is a glossary of basic terms, examples of trading strategies and a selection of questions, the answers to which are most often of interest to traders. There is no direct analytics, but there is a block of market news and a calendar of major events in the economy.