LIMASSOL, Cyprus, September 29, 2017 /PRNewswire/ --
Vipro Markets, a CySEC-regulated provider of Forex and CFD trading services announced that is has been acquired by Tickmill Group, which consists of a UK FCA and a Seychelles FSA regulated entities. Vipro Markets has distinguished itself among European brokers by providing top-notch trading services with low spreads and commissions and ultra-fast execution. In 2016, the company experienced significant market growth in all financial metrics.
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The acquisition will strengthen Tickmill's ability to bring its high-quality services much faster to some of the largest European markets where Vipro Markets has already a meaningful market share. As part of the acquisition, Tickmill injected $2.20 million into the share capital of Vipro Markets, giving the company a strong capital base to facilitate its future growth.
With Tickmill having posted record financial results for 2016 with audited net profit amounting to $6.27 million and trading volume at $473 billion, its strong capital base and global reach will enable Vipro Markets to grow its business much faster under the Tickmill brand and also expand its product offering to existing clients.
Tickmill Group's CEO, Mr. Duncan Anderson, commented: "This is an exciting new chapter for Tickmill which has become a globally recognised broker among algorithmic traders and I am confident that the existing clients of Vipro Markets will very much appreciate being part of a bigger and stronger Tickmill Group which will deliver new products and services at a much faster pace under our regulated entities in the United Kingdom, Cyprus and Seychelles."
Vipro Markets' CEO, Mr. Valerijus Ovsianikas, commented: "We are extremely excited about becoming part of the Tickmill Group. Tickmill's clients-first approach coupled with its outstanding reputation in the forex industry perfectly with what we do, who we are and what we have always sought to deliver to our clients."
About Tickmill
Tickmill is a Forex and CFD trading services provider, authorised and regulated by the FCA UK and the FSA SC. Catering to the needs of both individual and institutional investors, Tickmill offers first-class trading products with competitive conditions and ultra-fast execution.
For more information, please visit: http://www.tickmill.com
About Vipro Markets
Vipro Markets is a forex broker offering retail and institutional Clients trading services with prime focus on Forex and CFDs on Stock Indices and commodities.
Please visit: http://www.vipromarkets.com
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