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Vipro Markets Scam Warning: Name Misused in Romance Schemes

Savun Law & Consultancy · Updated 6 November 2026

Vipro Markets Scam Warning: Name Misused in Romance Schemes

The name "Vipro Markets", which Turkish investors ask about, is the same as that of a genuine brokerage set up in Cyprus with a CySEC licence and moved to the Tickmill group in 2017. However, the name has also been used with a separate website in forex and crypto offers run through dating apps and messaging channels abroad. This article describes the risk of offers that come under this name; it does not accuse the genuine institution.

In short: No entity accepting investments from Türkiye under the name Vipro Markets is authorised by the Capital Markets Board (SPK). The foreign licence of the genuine Vipro Markets Ltd is not valid for investment services in Türkiye, and the genuine company has no connection with this scheme; its name is being misused. Legal routes exist for claiming back money sent under this name.

🔍 The Difference Between the Genuine Institution and the Imitation Site

Vipro Markets Ltd is a licensed institution based in Cyprus and has no legal entity in Türkiye. In foreign investor communities, however, a site called viprospro.com, using the same company name, has been reported as set up in November 2022 and used to collect money through a romantic-relationship scheme; no record of this domain is visible today. The original domain, vipromarkets.com, no longer responds either.

Whichever domain is used, leveraged trading intermediation in Türkiye is limited to the institutions on the SPK list of authorised intermediary institutions; under SPK Decision No. 8/297 of 24.02.2017, this activity by operations not on the list is unauthorised.

💬 The Investment Scheme That Begins With Getting Acquainted

  • In operations of this kind, first contact is made through daily chat on a dating app, Instagram or WhatsApp; the subject of investment is raised weeks later.
  • The person is shown a site carrying the name of a well-known institution and is made to open a forex or crypto account.
  • The balance growing on screen is tied to a "tax" or "account verification" fee when a withdrawal is requested.

🔗 Other Platforms Using the Same Method

We have covered before operations that borrow the name of a licensed institution or steer people into investing through a relationship.

🧭 The Legal Process for Victims

  1. At the first stage, the path a victim follows is clarified.
  2. For transfers sent abroad, the possibility of a SWIFT recall is examined.
  3. For the accounts where the money arrived, an asset searchTR is carried out.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions

Is Vipro Markets Ltd in Cyprus a scam?

No, this article makes no claim about the genuine institution. The risk comes from different sites using the same name and from unauthorised offers aimed at Türkiye.

How can I tell whether the Vipro site sent to me is genuine?

Whether the domain is exactly the same as the institution's official address, and whether the offer grew out of a chat that began as getting acquainted, gives the first clues. In Türkiye, the deciding factor is the SPK list.

Is a CySEC licence valid in Türkiye?

No. A foreign licence is not valid for investment services in Türkiye; taking money from a Turkish investor for this service depends on SPK permission.

I sent money under the Vipro Markets name. What should I do?

For detailed information and legal support, you can contact Savun Law & Consultancy.

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This page is an English adaptation of our Turkish article Vipro Markets Forex ve Kripto Yatırım Dolandırıcılığı.

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