The purpose of this document is to address particular questionsand provide additional insight about Vipro Markets’ acquisition by the Tickmill Group.
The acquisition of Vipro Markets is expected to bring a series of positive developments to the Company and its Clients. Not only will it enhance Vipro Markets’ competitiveness but it will also contribute to growing our business under the robust and fast-evolving Tickmill brand. Tickmill’s clients-first approach coupled with its outstanding reputation within the algorithmic trading community aligns perfectly with what we do, who we are and what we have always sought to deliver to our clients. Also, we have had a positive cooperation with Tickmill before and combining the deep expertise and skillset of both firms is a logical and mutually-beneficial step towards streamlining our internal processes, refining customer service and expanding our product offering.
No, for Vipro Markets 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 be affected. 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 to allow for a smooth transition.
The trading conditions of Vipro Markets are similar to the conditions provided by Tickmill UK and Tickmill SC. Tickmill has positioned itself in an enviable position among global FX and CFD brokers by providing top-notch trading services with low average spreads and commissions and ultra-fast execution.
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.
The Live trading servers of Tickmill 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 Tickmill are currently located in France but this may change in the future.
No, our hosting will be still served by our London-based Equinix LD4 data center. Currently, we have no plans to change anything in our infrastructure setup.
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.
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.
Some departments will merge and expand further to better serve client needs, however, all activities will be performed in accordance with the regulatory guidelines under which each of the three companies operate.
Currently there are no planned management changes.
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.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.
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.
Since the legal entities are different, then yes, you would have to file the account application and also send the KYC documents separately. Therefore, you will have separate Client Area for each legal entity. For example, 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.
It is not possible to transfer your trading account to Tickmill because it is a different legal entity. Should you howeverwant to open a trading account with Tickmill, then you can do it here: https://secure.tickmill.co.uk/trader/index.php?task=1050. Please check first in the account application form that Tickmill accepts clients from your country.
It is not possible to transfer funds between Tickmill SC, Tickmill UK and Vipro Markets accounts because they are different legal entities.
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.
Yes, Tickmill 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.
It is possible to make a deposit and withdrawal with Credit Card, Skrill, Neteller, Dotpay, Fasapay (for Tickmill Ltd clients only), UnionPay (for Tickmill Ltd clients only) or bank wire.
No.Tickmill does not provide any bonuses.
The maximum leverage for Polish residents is 1:100.
Yes, Tickmill has asimilar IB program to Vipro Markets and you may find more information here: https://tickmill.com/partnerships/introducing-broker/.
The IBs of Tickmill UK will not be able to receive IB commissions from the clients introduced to Vipro Markets. You would have to open an IB account with Vipro Markets to get IB commissions from clients introduced to Vipro Markets.
Tickmill is a trading name of Tmill UK Limited which is authorised and regulated by the UK Financial Conduct Authority (FCA). Tickmill is also the trading name of Tickmill Ltd, regulated by the Financial Services Authority of Seychelles (FSA).
In recognition of the company’s dedication to core ethical values such as transparency, accountability, the UK Global Brands Magazine awarded Tickmill with ‘Most Trusted Broker in Europe’ accolade.
Find outmore about Tickmill here
The CEO of Tickmill is Mr Duncan Anderson, a distinguished industry professional who brings a deep expertise and long-standing experience in the global markets.
The registered address of Tickmill UK’s office is 1 Fore Street London EC2Y 9DT United Kingdom. Tickmill Seychelles’ office is located at 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles.
Please contact our dedicated support department.