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VIPRO Markets

  • #1
  • First Post: Feb 11, 2016 2:26am Feb 11, 2016 2:26am
Few days ago I opened account with Vipro Markets. Since it's a new broker I am wondering is anyone in this forum already using their services and made withdrawals?

So far trading conditions seem quite good and live chat left a good impression.

Planning to make a small deposit to test their services.
  • #2
  • Feb 13, 2016 2:29am Feb 13, 2016 2:29am
I am testing them with a deposit of 1k USD. So far the execution seems as good as with FXCM. Haven't made a withdrawal yet. Will post a commend when it happens.
  • #3
  • Feb 19, 2016 10:24am Feb 19, 2016 10:24am
I tested the withdrawal today. Vipro Markets team processed it in less that 60 minutes. I will make another test withdrawal next week and will let you know how it goes.
  • #4
  • Feb 25, 2016 3:39pm Feb 25, 2016 3:39pm
I made another test withdrawal today. It was processed in a few hours. So it seems they are operating smoothly. I checked the spreads at myfxbook and Vipro pretty much has the same spreads as FXCM and Pepperstone on their Edge account. Vipro's commissions are though lower than Pepperstone's.
  • #5
  • Feb 26, 2016 8:51pm Feb 26, 2016 8:51pm
Quoting Trung
Few days ago I opened account with Vipro Markets. Since it's a new broker I am wondering is anyone in this forum already using their services and made withdrawals? So far trading conditions seem quite good and live chat left a good impression. Planning to make a small deposit to test their services.
Where are they regulated? Let's wait for more feedback, cuz it seems quite new...
  • #6
  • Mar 22, 2016 5:57am Mar 22, 2016 5:57am
Quoting leebsurag
{quote} Where are they regulated? Let's wait for more feedback, cuz it seems quite new...
They are regulated by CySec. I have been trading with them over one month. So far I have made 1 withdrawal to my Skrill account. Planning to gradually increase my account size.
  • #7
  • Mar 22, 2016 7:00am Mar 22, 2016 7:00am
I have opened an account yesterday and after 30 minutes i have started i was already trading. I will keep u updated
  • #8
  • Apr 3, 2016 6:27pm Apr 3, 2016 6:27pm
How are the trades here?
Good trades.
  • #9
  • Apr 7, 2016 8:41pm Apr 7, 2016 8:41pm
Hello guys, do they allow scalping EA's ?
  • #10
  • Apr 8, 2016 12:55am Apr 8, 2016 12:55am
They allow scalping. Imo they are a white label from Tickmill. Anyway comparing results i had with same scalpers on Tickmill and Vipro Markets, the last has underperformed (for higher slippage) so have withdrawed funds and will stick with Tickmill
  • #11
  • Apr 8, 2016 1:22am Apr 8, 2016 1:22am
Quoting corre71
They allow scalping. Imo they are a white label from Tickmill. Anyway comparing results i had with same scalpers on Tickmill and Vipro Markets, the last has underperformed (for higher slippage) so have withdrawed funds and will stick with Tickmill
Thanks
good trades
  • #12
  • Apr 11, 2016 4:00am Apr 11, 2016 4:00am
Does Vipro provide cent accounts?
  • #13
  • Apr 11, 2016 6:32am Apr 11, 2016 6:32am
Quoting windypassion
Does Vipro provide cent accounts?
No
  • #14
  • Apr 12, 2016 6:29am Apr 12, 2016 6:29am
Which account would you advice to use for newbie - Classic or ECN Pro? I just can’t understand the difference between them. I’m going to try news trading..
  • #15
  • Apr 12, 2016 5:33pm Apr 12, 2016 5:33pm
Quoting windypassion
Which account would you advice to use for newbie - Classic or ECN Pro? I just cant understand the difference between them. Im going to try news trading..
They are actually the same. Its your choice to choose between "high spreads" and "low spreads + commission fees". No real ECN would take your 0.01 lot to the market anyway.
  • #16
  • Apr 13, 2016 2:09am Apr 13, 2016 2:09am
So far, so good......
  • #17
  • Apr 14, 2016 5:22pm Apr 14, 2016 5:22pm
Quoting Trung
Few days ago I opened account with Vipro Markets. Since it's a new broker I am wondering is anyone in this forum already using their services and made withdrawals? So far trading conditions seem quite good and live chat left a good impression. Planning to make a small deposit to test their services.
intresting broker . quite new but with CySec regulation which is in my opinion is better than any offshore regulation out there.
try to google about Vipro Markets Feedback / Vipro Markets Review, only found few of them.
anybody now when this broker went online?
  • #18
  • Apr 14, 2016 6:33pm Apr 14, 2016 6:33pm
Quoting brian.jer
{quote} They are actually the same. Its your choice to choose between "high spreads" and "low spreads + commission fees". No real ECN would take your 0.01 lot to the market anyway.
Thanks for the reply. Just made quick calculations, ECN says 0.4 spread +0.4 commission = 0.8 - 0.9 pip, while Classic account has spreads 1.2 - 1.3 pip. Am I missing something??
  • #19
  • Apr 14, 2016 6:57pm Apr 14, 2016 6:57pm
Quoting windypassion
{quote} Thanks for the reply. Just made quick calculations, ECN says 0.4 spread +0.4 commission = 0.8 - 0.9 pip, while Classic account has spreads 1.2 - 1.3 pip. Am I missing something??
No. Its just a typical marketing trick. They would offer you multiple products with different prices just to sell one. Like you would sell 2 types of USB, one of 5GB for $2, one of 10GB for $3. When shopping for a new USB, people would purchase the 10GB because they believe they got a better deal with it while in fact, the purpose of the 5GB USB is to convince people to buy the 10GB one. You would find the same trick with many other industries, not just forex brokers.

Btw, I've been with TickMill for over 2 years and Im happy with them. I've sent an email to TickMill asking about ViproMarkets and they replied that ViproMarkets and TickMill are partners. So I think that explains the similarities between the two brokers.
  • #20
  • Apr 14, 2016 9:10pm Apr 14, 2016 9:10pm
vipro has lower spread than tickmill,..
for the slippage, which one the best ?
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