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Do you want to know which is the better broker between Invest Markets and Turnkey Forex ?
In the table below, you can compare the features of Invest Markets , Turnkey Forex side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of invest-markets, turnkey-forex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered Country | Belize |
Regulation | No regulation |
Minimum Deposit | $250 |
Maximum Leverage | 1:500 |
Trading Platform | Web Terminal, Mobile App, Webtrader |
Demo Account | Available |
Trading assets | Currencies, Indices, Commodities, Equity, Cryptocurrencies |
Payment Methods | CommerceGate, Skrill, Neteller, SafeCharge, Directa24, Help2Pay, EasyEFT, and AstropayCard, and mor |
Customer support | Telephone: +27107531177 Email:info@investmarkets.com |
General Information
Newly opened in July 2020, InvestMarkets is a forex broker which allows traders to profit from price movement via a contract between client and broker. InvestMarket offers a series of trading instruments including Currencies, Indices, Commodities, Equity, Cryptocurrencies through MT4 trading platform. With this broker, three types of trading accounts and the maximum trading leverage up to 1:500 can be reached.
Here is the screenshot of Invest Markets official website:
Regulation
InvestMarkets is operated by Arvis Capital Limited, a Belize Invest Firm, authorised and regulated by the International Financial Services Commission (IFSC) of Belize. The companys licence number is 000307/166.
Market Instruments
InvestMarkets offers investors a range of financial instruments including currency pairs, cryptocurrencies, CFD on stocks, indices, metals, energy resources, agriculture, ETFs, etc.
Accounts & Leverage
InvestMarkets offers 4 different account types: Basic (minimum deposit of $250), Gold (minimum deposit of 25,000), Platinum (minimum deposit of $100,000), and VIP (minimum deposit of 250,000). All account types get leverage up to 1:500.
Spreads & Commissions
The average spreads of EUR/USD for Basic, Gold, Platinum, VIP are 3.0 pips, 2.7 pips, 2.1 pips and 1.6 pips respectively; GBP/USD are 3.4 pips, 3.1 pips, 2.5 pips and 2.0 pips respectively; USD/JPY are 3.3 pips, 3.0 pips, 2.4 pips and 1.9 pips respectively. There is no deposit commission for all accounts and no withdrawal commission for the VIP account. Fees are charged for keeping an account inactive.
Trading Platform
InvestMarkets offers CFDs trading platforms, its WebTrader and the MetaTrader 4, available to traders for web and mobile.
Deposit & Withdrawal
The online payment processors are Acquiring.com, CommerceGate, Skrill, Neteller, SafeCharge, Directa24, Help2Pay, EasyEFT, and AstropayCard, and more. Clients can deposit funds through credit/debit card, e-Wallets and wire transfer. InvestMarkets processes withdrawal requests within 24 hours, but it may take up to five business days for clients to receive their funds. Credit/debit cards and Neteller incur a 3.5% fee, Skrill a 2.0% surcharge, and bank wires a cost of $30 or currency equivalent.
Note: Payment methods may vary depending on clients region.
Customer Support
The InvestMarkets official website can be available in more than 10 languages, and clients can equally reach this broker through telephone and email. Here is the detailed information given:
Telephone: +27107531177
Email: info@investmarkets.com
Online support can be also available if you click the chat button on the right side of this broker's homepage.
Accepted Countries
InvestMarkets does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Research & Education
InvestMarkets offers the Trading Central, where traders can get trading tools consisting of Analyst Views, Daily Market Analysis, Economic Insight, Featured Ideas, Strategy Newsletters, TC Market Buzz, TC Research Platform, and Web TV.
Pros & Cons
Pros | Cons |
Bonus offered | Offshore regulation |
MT4 trading platform | Only MT4 trading platform supported |
Generous leverage up to 1:500 | High minimum deposit required |
Free educational resources | No 24/7 customer support |
Frequently Asked Questions
Does InvestMarket offer demo accounts?
Yes, demo accounts are available the InvestMarkets platform.
What trading instruments does InvestMarket offer?
InvestMarket offers a series of trading instruments, including currency pairs, CFD on stocks, indices, metals, energies, agriculture, etc.
What trading platform does InvestMarket offer?
InvestMarket offers MT4 trading platform and WebTrader.
What is the maximum trading leverage offered by InvestMarket?
The maximum trading leverage offered by InvestMarket is up to 1:500.
Warning Risk
Trading in Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.
Registered in | UK |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 2-5 years |
Trading instruments | Forex, Commodities, Indices, Cryptocurrencies |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:500 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Information not available |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | No for now |
Note: At this time, we only have a cursory look at Turnkey Forex as the company's official website (https://turnkeyforex.com/ ) does not open properly.
Screenshot time: 02/03/2023
WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.
General information and regulations
Turnkey Forex is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.
When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.
Trading platforms
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Account types
Turnkey Forex provides two types of account, ECN and STP. Their mayor differences consist in spreads and commissions. The ECN account has a commission of 1 USD per lot but lower spreads, while the STP account requires no commissions buy a higher level of spreads.
Customer support
The support service provided by Turnkey Forex is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.
Below are the details about the customer service.
Email: CONTACTUS@TURNKEYFOREX.COM
Phone Number: +44 2032876620
Address: 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, Mauritius
Users exposures
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Frequent asked questions about Turnkey Forex
Is this broker well regulated?
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
How much leverage does this broker offer?
The maximum leverage of Turnkey Forex is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive invest-markets and turnkey-forex are, we first considered common fees for standard accounts. On invest-markets, the average spread for the EUR/USD currency pair is EUR/USD1.9 PIPS GBP/USD2.2 PIPS USD/JPY2.1 PIPS CRUDE OIL$0.10 pips, while on turnkey-forex the spread is From 0.00.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
invest-markets is regulated by FSC. turnkey-forex is regulated by --.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
invest-markets provides trading platform including PLATINUM,VIP,GOLD,BASIC and trading variety including --. turnkey-forex provides trading platform including ECN Account,STP Account and trading variety including Forex, Commodities, Indices, Cryptocurrencies .