LIMASSOL, Cyprus, May 24, 2016 /PRNewswire/ --
The Company Successfully Meets all Registration Requirements From the FCA in the UK, BaFin in Germany and CONSOB in Italy
Limassol, Cyprus-headquartered global ECN Forex broker Vipro Markets is proud to announce it has registered its services with major European Union financial market regulators including the FCA in the UK, BaFin in Germany, ACPR in France, CONSOB in Italy and CNMV in Spain. The company now offers cross-border investment services in 249 countries including key target markets in the EU as well as developed countries in the Asia-Pacific region where it aims to build its presence through a network of Introducing Brokers.
Vipro CEO Valerijus Ovsianikas comments: "Vipro Markets is honored to have received the cross-border approvals from such globally recognised EU financial market regulators. We provide extremely low average spreads and charge one of the lowest ECN trading commissions in the world and I am confident our products will be well received by investors in these highly saturated markets. I believe we have much to offer sophisticated retail traders who are sensitive to execution quality, pricing and the security of funds."
Vipro Markets primarily focuses on providing trading services in Forex and also CFDs based on global stock indices such as the DAX30, SP500, Nikkei 225 and others. The average spread on the most traded EUR/USD currency pair is 0.3 pips and the average execution speed is 200 milliseconds. The Company is also very pleased to offer one of the industry's lowest average spreads on WTI crude oil and precious metals including gold and silver. Vipro Markets uses state-of-the-art trading infrastructure with key trading servers located at Equinix LD4 data center in London and synchronized backup systems in New York.
Ovsianikas adds: "As London is the capital of the global FX market, Vipro's Equinix LD4 setup gives our clients a uniquely robust, reliable and low-latency environment to connect with our top tier liquidity providers. We serve a high concentration of professional clients with demanding requirements for trading infrastructure technology, banking and liquidity partners. We monitor our service quality on a 24/7 basis and make no compromises which would effect Vipro's reputation for delivering an exceptional trading environment."
Vipro operates a full STP (straight through processing) and NDD (no dealing desk) business model in accordance with its Investment Firm licence. This means all client trades and risk are automatically passed along to liquidity providers. The Company therefore has no conflict of interest with its clients and generates income solely from commissions and spreads.
"I am pleased to see some of the most sophisticated retail and institutional traders placing their trades through Vipro in our very transparent environment," comments Ovsianikas. "I believe our clients feel comfortable that our interests are aligned with theirs and that it is in our best interest that our clients succeed in trading. The more successful clients we have, the more they trade with us and the faster we grow as a business. It is a win-win situation for all parties."
More information about Vipro Markets licence and registrations can be found here: https://www.vipromarkets.com/about-us/license-and-regulation/
About Vipro Markets
Headquartered in Limassol, Vipro Markets Ltd is a global full STP ECN broker authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 278/15. The Company has distinguished itself among ECN Forex brokers by providing top-notch trading services with low average spreads, industry-lowest ECN commissions and ultra-fast execution though its state-of-the-art London trading servers. Vipro Markets clients can trade FX, precious metals, WTI crude oil and many global stock indices through PC, Mac, iPad/iPhone and Android devices.
Trading in derivative financial instruments may not be suitable for everyone and we therefore advise clients to make themselves familiar with all the risks involved. Please review the Vipro Markets Client Agreement and other legal documentation available from our Vipro Markets website before entering into any transaction with us.
For further information, visit https://www.vipromarkets.com
SOURCE Vipro Markets