Even though Vipro Markets is a fairly new broker that was established in 2015, they have managed to attract a large number of traders right away. This can be attributed to the fact that they allow all sorts and styles of trading (yes, including scapling) and Vipro broker really wants their clients to reach the level of success they long for.
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About Vipro Markets
Based in Cyprus, Vipro Markets are regulated by the Cyprus Securities and Exchange Commission – CySEC, and they follow the rules and regulations set by the EU Markets in Financial Instruments Directive. It seems that they are running a legitimate job and that your funds will be safe in their hands since there have been no complaints about Vipro Markets scam by their past or present clients.
Just like many brokerage firms, Vipro Markets are not focusing only on trading forex, stocks, and commodities, but they are also offering to trade with indices and precious metals. Trading precious metals might not be so widespread nowadays among brokers, so if you are looking for a way to trade in that market, Vipro should be on your list.
Types of accounts
There are three types of accounts available for you by Vipro Forex broker. The first one is a Classic account, ECN Pro account is second, and finally they have a VIP account.
As you can see, there is a difference in pip spreads between the accounts, as well as the minimum balance when it comes to the VIP account. You can use up to 1:500 leverage which is somewhat good, but as always, keep in mind that trading with a leverage is risky and you have to be extra careful.
Demo account
Even though demo accounts are almost a standard feature among the majority of brokers, it is important to point out that you can open one with Vipro Markets as well before you go live and invest your actual funds. Demo accounts should be used for learning, as well as for testing out your trading strategies, so if you are unsure about anything, try it out safely.
Trading platform offered by Vipro Markets
Vipro Markets are staying safe and they are offering one of the most popular trading platforms in the world today to their new clients – MetaTrader 4. It can be downloaded to your computer, or you can use it with a mobile device. MetaTrader 4 is available to both iOS and Android users so you can have your trading account with you at all times.
Once you register with Vipro Markets Forex broker, you will get this trading platform and be free to use it. MetaTrader 4 provides its user with plenty of useful tools such as news, live charts, indicators… You name it. It can be put to work regardless of the market you are interested in.
Conclusion
This Vipro Markets review is pretty much positive, but when we take a broader view, Vipro Markets are not offering anything revolutionary to their clients. You might be attracted to them if you want to trade in any style possible and with any asset. Another noteworthy feature is the leverage they offer.
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