Do Tickmill UK, Tickmill SC and Vipro Markets have the same customer support, marketing and payment department?
Some functions have a crossover, however, all activities are performed in accordance with the regulators of each of the three companies.
Does Vipro Markets use the same bank accounts to hold client funds?
The main bank of Vipro Markets is Nordea Bank AB with registered address at Liivalaia 45, 10145 Tallinn, Estonia which is one of the largest banks in Europe with assets exceeding 600 billion Euros.
The main bank of Tickmill UK is Barclays Bank PLC with registered address at 1 Churchill Place, London E14 5HP, United Kingdom. Barclays Bank PLC is the second largest bank in the United Kingdom.
Can I have trading accounts with all of the three regulated companies – Tickmill UK, Tickmill SC and Vipro Markets?
You may have trading accounts with all of the three companies provided that your country is in the allowed country list, that you pass the appropriateness test and account validation process.
I’m from a country that can open an account with Tickmill UK, Tickmill SC and Vipro Markets. Can I see all my trading accounts under a single client area or will I get 3 separate logins? Do I have to send my KYC documents 3 times for each company?
Since the legal entities are different, then yes, you would have to file the account application and also send the KYC documents separately. As a client of Tickmill UK you would see in the Client Area only the trading accounts that are opened under the Tickmill UK company.
Can I transfer my existing account and positions to Vipro Markets?
It is not possible to transfer your trading account to Vipro Markets because it is a different legal entity. Should you however want to open a trading account with Vipro Markets, then you can do it here: https://secure.vipromarkets.com/users/register. Please check first in the account application form that Vipro Markets accepts clients from your country.
Can I transfer funds from my Tickmill account to a Vipro Markets account?
It is not possible to transfer funds between Tickmill SC, Tickmill UK and Vipro Markets accounts because they are different legal entities.
Can I hedge my positions between Tickmill UK and Vipro Markets trading accounts?
We have very strong risk management tools in place and can thus detect suspicious trading very easily. It is not advised to open hedged positions between your Tickmill UK, Tickmill SC and Vipro Markets trading accounts and this way effectively transferring funds from one account to another without having any market risk.
Does Vipro Markets cover negative balance?
Yes, Vipro Markets covers negative balances. In general, all clients must read carefully the risk disclosure statement and understand that losses from trading leveraged FX and CFDs can exceed deposits.
What deposit/withdrawal options are available for clients of Vipro Markets?
It is possible to make a deposit and withdrawal with Credit Card, Skrill, Neteller, Dotpay and bank wire.
Does Vipro Markets provide deposit bonuses?
I am from Poland, does Vipro Markets offer 1:500 leverage for me?
The maximum leverage for Polish residents is 1:100.
Does Vipro Markets have an Introducing Broker (IB) program?
Yes, Vipro Markets has a similar IB program to Tickmill UK and Tickmill SC and you may find more information here: https://www.vipromarkets.com/partnership/ib/
Can I have an IB account with Tickmill UK and bring clients to Vipro Markets and get IB commission?
The IBs of Tickmill UK will not be able to receive IB commissions from the clients introduced to Vipro Markets. An IB would have to open an IB account with Vipro Markets to get IB commissions from clients introduced to Vipro Markets.
Who is Vipro Markets?
Vipro Markets is a forex broker offering retail and institutional clients top-notch trading services with main focus on Forex, CFDs on stock indices, commodities and bonds. The company is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with licence number 278/15 and is also a Member of the Investor Compensation Fund (ICF).
Find out more about Vipro Markets here.
Who are the management team members of Vipro Markets?
The CEO of Vipro Markets is Mr Valerijus Ovsianikas who has a long-term experience and strong knowledge of the brokerage industry.
Where is the office of Vipro Markets located?
Kedron 9, Mesa Geitonia, Limassol 4004, Cyprus.
What are the benefits of trading with Vipro Markets?
Vipro Markets is regulated in the European Union and is registered with all of the major European regulators. Vipro Markets provides deep interbank liquidity and offers some of the most competitive prices on the market, exceptionally low spreads, lightning-fast execution and low commission fees. The company has quickly established itself as a reliable provider of advanced trading services for traders all over the world.
I still have questions. Who can I contact?
Please contact our dedicated support department.
What is the reason behind the acquisition of Vipro Markets?
The acquisition of Vipro Markets is expected to bring a series of positive developments to the Company and its Clients. Not only will it strengthen our competitiveness but it will also enable us to bring our high-quality brokerage services much faster to some of the largest European markets where Vipro Markets has already a meaningful market share. Vipro Markets’ client-centric approach, innovative way of doing business and responsible ethics align perfectly with our values and mission and we believe that combining the deep expertise and skillsets of both firms is a logical and mutually-beneficial step forward in providing our Clients with better customer service, technological solutions and trading products.
Will my trading experience change as a result of the acquisition?
No, for Tickmill clients it is business as usual, that is, their trading experience will remain unaffected during the integration process. Neither your trading accounts and funds nor trading conditions will change. In line with their commitment to openness and transparency, the management of both companies will provide clients with timely and comprehensive information once further actions are taken.
Are trading conditions the same between Tickmill UK, Tickmill SC and Vipro Markets?
The trading conditions of Vipro Markets are similar to the conditions provided by Tickmill UK and Tickmill SC. Vipro Markets has distinguished itself among the European FX and CFD brokers by providing top-notch trading services with low average spreads and commissions and ultra-fast execution.
What are the key differences, from a client’s perspective, between Tickmill UK, Tickmill SC and Vipro Markets?
All of the three regulated entities under Tickmill Group (UK, SC and Vipro Markets) are well managed investment firms where the client funds are segregated and the companies are audited by their respective regulators. The main difference between Tickmill UK and Vipro Markets is that Vipro Markets accepts clients from 219 countries while Tickmill UK accepts clients from 78 countries. Also, Tickmill UK client funds are protected by the FSCS (www.fscs.org.uk) up to the amount of 50,000 GBP per retail client while the client funds of Vipro Markets are protected up to 20,000 EUR per client by the Investor Compensation Fund (ICF) of Cyprus.
Where are the LIVE and DEMO trading servers of Vipro Markets located?
The Live trading servers of Vipro Markets are located in London at the Equinix LD4 data center which is the same data center where our Live trading servers are located. The Demo servers of Vipro Markets are currently located in France but this may change in the future.
Will you be moving to a new data center?
No, our hosting will be still provided by the London-based Equinix LD4 data center. Currently, we have no plans to change anything in our infrastructure setup.
Will you be sharing my personal and financial information with Vipro Markets?
No, your personal and financial data are securely kept in our system. We guarantee the highest level of data and client fund safety by using high encryption.
Are Liquidity Providers the same for UK, SC and Vipro Markets entities?
Tickmill UK, Tickmill SC and Vipro Markets use similar LPs or ultimate source of liquidity. This may change in the future at any point in time. At all times, we aim to provide our clients with the best possible trade execution standards in accordance with our Best Execution Policy.