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Do you want to know which is the better broker between RockGlobal and Turnkey Forex ?
In the table below, you can compare the features of RockGlobal , Turnkey Forex side by side to determine the best fit for your needs.
EURUSD:-2.2
EURUSD:2.4
EURUSD:15
XAUUSD:32
EURUSD: -6.53 ~ 2.45
XAUUSD: -30.8 ~ 22
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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 rockfort, 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:
RockGlobal Review Summary | |
Founded | 2004-01-11 |
Registered Country/Region | New Zealand |
Regulation | Regulated |
Market Instruments | Forex (140+ currency pairs), Metals, Commodities, Indices, and Crypto CFDs |
Demo Account | Not mentioned |
Leverage | Up to 1:500 |
Spread | From 0 |
Trading Platform | MT4(PC & Mobile) |
Min Deposit | $50 |
Customer Support | Email: info@rockglobal.com |
Live Chat | |
Social Media: Facebook, Instagram, TikTok, etc. |
RockGlobal is a broker. RockGlobal provides various tradable instruments, including forex (140+ currency pairs), metals, commodities, indices, and crypto CFDs, and also offers standard and ECN accounts. In addition, RockGlobal sets a spread from 0, a minimum deposit of $50, and a maximum leverage of 1:500.
Pros | Cons |
Regulated | Difficult to withdraw negative feedback |
24/7 Live Support | Hide withdrawal information |
Leverage up to 1:500 | |
Spread as low as 0 | |
MT4 available | |
Various trading assets: |
The FSPR once regulated RockGloba, but it has expired. ASIC regulates the broker now and its license number is 282288. Generally regulated brokers are safer than unregulated ones. However, traders cannot ignore investment risks.
Traders can invest in various trading instruments, including forex (140+ currency pairs), metals, commodities, indices, and crypto CFDs.
Tradable Instruments | Supported |
Forex(140+ currency pairs) | ✔ |
Commodities | ✔ |
Metals | ✔ |
Indices | ✔ |
crypto CFDs | ✔ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
RockGlobal has standard and ECN accounts. Traders who want both low commissions and low deposits can choose to open a standard account. ECN is more suitable for traders who prefer 0 pip.
Account Type | Standard | ECN |
Products | 140+ currency pairs, stock indices, commodities, precious metals, and crypto CFDs. | |
Leverage | Up to 1:500 | Up to 1:500 |
Minimum Spread | 1.0 pip | 0.0 pip |
Commissions | $0 | $5 |
Minimum Deposit | $50 | $500 |
The standard account offers a minimum spread of 1.0 pip and no commission, while the ECN account offers spreads as low as 0 and a commission of $5.
The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.
RockGlobal has an authoritative MT4 trading platform and traders can choose different versions, such as PC and Mobile App. Compared with MT5, junior traders prefer MT4.
Trading Platform | Supported | Available Devices |
MT4 | ✔ | PC & Mobile |
The minimum deposit is $50. Deposits are relatively low in the market. However, RockGlobals official website does not provide more information about withdrawals. It should be noted that some traders of this broker said that withdrawals are difficult.
RockGlobal provides 24/7 livesupport and email to contact. In addition, traders can learn more about RockGlobal through social media, including Facebook, Instagram, TikTok, etc.
Contact Options | Details |
info@rockglobal.com | |
Live Chat | ✔ |
Social Media | Facebook, Instagram, TikTok, etc. |
Supported Language | English |
Website Language | English |
Physical Address | Not mentioned |
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 rockfort and turnkey-forex are, we first considered common fees for standard accounts. On rockfort, the average spread for the EUR/USD currency pair is 0.0 pips 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.
rockfort is regulated by ASIC,FSPR. 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.
rockfort provides trading platform including PRO ACCOUNT,STANDARD ACCOUNT and trading variety including --. turnkey-forex provides trading platform including ECN Account,STP Account and trading variety including Forex, Commodities, Indices, Cryptocurrencies .