CySEC regulated brokers have been in rather stressful situation lately since the regulator turn into harsher guidelines for forex and CFD brokers. There are limitations on leverage and a ban on deposit bonuses. The agenda of the regulator is to get rid of companies with questionable reputation and lack of fare features.
While other brokers struggle, Tickmill made a nice chunk of $6,27 million last year with monthly trading volumes in the $40 billion per month range. There was behind the scene cooperation between Tickmill and Vipro Markets starting this year which gradually resulted in merging of two.
Tickmill CEO Duncan Anderson remarked:
This is an exciting new chapter for Tickmill and one that will open up many opportunities to create extra value for clients of both of the companies. Tickmill has become a globally recognised broker among smart 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.