License and Regulation

about_license

CySEC

Vipro Markets Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a CIF limited company with a license number 278/15. Vipro Markets Ltd operates under the EU Markets in Financial Instruments Directive (MiFID).

CySEC is a financial regulator of the Republic of Cyprus. In 2004, Cyprus joined the European Union (EU) and received the right to issue licenses to companies carrying out financial services in the territory of the EU. CySEC license confirms that all the procedures of the financial regulator are observed and all the requirements are met and allows companies to provide orders execution on behalf of clients.

The purpose of CySEC is to provide the licensing, regulation, and control of brokerage companies and operations carried out on the stock and currency market as well as development and implementation of regulations and laws that make Cyprus financial market more reliable and transparent.

MiFID

The European Parliament and Council adopted the Directive 2004/39/EC, dated 21 April 2004, on Markets in Financial Instruments (MiFID), which came into effect on 1/11/2007 and aims to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The Directive has also been adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).

The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.

ICF

Vipro Markets Ltd is a member of the Cyprus Investor Compensation Fund. The Fund constitutes a private legal entity and its administration is exercised by an administrative committee of five members, who are designated for a three-year term.

The objective of the Fund is to secure the claims of the covered clients against investment firms that are members of the Fund by the payment of compensation for clients’ claims given the failure of the member of the Fund to compensate the client.

Vipro Markets is committed to deliver outstanding, high quality, innovative and professional trading services and technologies.

We strive to satisfy the needs and wishes of our clients and approach them in an individual and flexible manner. All our customers receive reliable and affordable services of the highest quality with a personal and confidential approach.

We are committed to all our clients, affiliates and partners. We hold each and every one of them in very high esteem and we do our best to help them reach their targets. And of course, we are strongly committed to our employees. We make sure that we always show them the appreciation and respect we have for them as individuals, as respect is a key value that must be present in both personal and professional aspects of life.