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Turnkey Forex , Directrader Broker Comparison

Do you want to know which is the better broker between Turnkey Forex and Directrader ?

In the table below, you can compare the features of Turnkey Forex , Directrader side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
1.55
No Regulation
No guarantee
--
--
5-10 years
--
Supported
Supported
Crypto Payments,instacoin,VLOAD,Cryptocurrency/PayPal via Coinbase
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
Forex, Commodities, Indices, Cryptocurrencies
US$10
1:500
From 0.00
50.00
--
0.01
--
1.44
No Regulation
No guarantee
--
2-5 years
--
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
from 1 mil $
1:400
--
--
--
--
--

Score
Regulatory Status
No Regulation
No Regulation

BrokerRelevant information

Directrader BrokerRelevant exposure

Which broker is more reliable?

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 turnkey-forex, directrader 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:

Forex broker introduction

turnkey-forex
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 of WikiFX

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

trading platform

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.

account types

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.

directrader
Directrader Basic Information
Company Name Directrader
Headquarters Saint Vincent and the Grenadines
Regulations Not regulated
Account Types VIP, diamond, gold, silver, mini account
Minimum Deposit $250
Maximum Leverage 1:400
Customer Support Email (support@directrader.com)Phone (+56225821161)

Overview of Directrader

Directrader, based in Saint Vincent and the Grenadines, functions as an online trading platform providing traders with access to financial instruments. Offering account types such as VIP, diamond, gold, silver, and mini accounts, Directrader caters to traders with varying preferences and experience levels. However, it's crucial to highlight that Directrader operates without regulatory oversight, which may introduce potential risks related to unregulated trading. Traders are advised to proceed with caution and conduct thorough research before participating in any trading activities on the platform.

Overview of Directrader

Is Directrader Legit?

Directrader is not regulated. It's crucial to understand that Directrader operates without regulation, meaning it lacks oversight from established financial regulatory authorities. This absence of regulation poses risks for traders, including limited options for resolving disputes, potential concerns about the safety of funds, and a lack of transparency in the broker's operations. Traders are encouraged to conduct thorough research on a broker's regulatory status before engaging in trading activities to safeguard their investments and ensure a more secure trading experience.

Is Directrader Legit?

Pros and Cons

Directrader presents traders with a variety of account types, catering to different trading preferences and experience levels. However, it's crucial to note that Directrader operates without regulatory oversight, which may expose traders to potential risks associated with unregulated trading. Additionally, the platform lacks comprehensive educational resources and transparency regarding company policies and procedures, which may leave traders feeling uncertain. Furthermore, there is unclear information on spreads and commissions, leading to confusion and frustration for traders. Lastly, difficulties in accessing the website may disrupt the trading experience for users, highlighting the need for improved reliability and accessibility.

Pros Cons
  • Offers multiple account types
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Lack of educational resources or transparency regarding company policies and procedures
  • Unclear information on spreads and commissions
  • Unable to access the website

Account Types

Directrader offers a diverse range of account types tailored to accommodate traders with varying experience levels and investment capital.

The VIP account caters to high-net-worth individuals, requiring a minimum deposit of $1 million.

For experienced traders, the diamond account provides advanced features with a minimum deposit of $500,000.

The gold account, suited for seasoned traders, requires a minimum deposit of $50,000, while the silver account targets intermediate traders with a minimum deposit of $5,000.

Additionally, the mini account offers a low barrier to entry with a minimum deposit of $250, ideal for beginner traders looking to start their trading journey.

Account Types

Leverage

Directrader provides varying maximum leverage levels across its account types to suit the risk preferences and trading strategies of different traders.

The VIP account offers the highest maximum leverage of 1:400, providing greater potential for amplified returns for high-net-worth individuals.

For diamond account holders, the maximum leverage is set at 1:300, offering slightly lower leverage while still providing ample trading flexibility.

Gold and silver account holders both have a maximum leverage of 1:200, suitable for seasoned and intermediate traders, respectively.

The mini account also offers a maximum leverage of 1:200, ensuring consistent trading conditions for beginner traders with smaller capital.

Leverage

Customer Support

For support inquiries, traders can reach out to Directrader's customer service team via email at support@directrader.com. Additionally, they can contact the support team by phone at +56225821161.

Customer Support

Conclusion

In conclusion, Directrader offers a variety of account types but operates without regulatory oversight, posing potential risks. The platform lacks comprehensive educational resources and transparency on policies and procedures. Unclear information on spreads and commissions may cause confusion. Traders should be cautious and conduct thorough research before engaging with Directrader to ensure a safer trading experience.

FAQs

Q: Is Directrader regulated?

A: No, Directrader operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.

Q: What account types does Directrader offer?

A: Directrader provides various account types, including VIP, diamond, gold, silver, and mini accounts, catering to different trading preferences and experience levels.

Q: How can I contact Directrader's customer support?

A: You can reach Directrader's customer support primarily through email at support@directrader.com. Additionally, you can contact the support team by phone at +56225821161.

Risk Warning

Trading online comes with significant risks, and it's possible to lose all the capital you invest. Not every trader or investor may be suited for this type of activity. It's crucial to fully understand the risks involved before proceeding. Keep in mind that the details provided in this review may change as the company updates its services and policies. The date of this review's generation is also important to consider, as information may have changed since then. To ensure accuracy, it's recommended to verify any updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies with the reader.

Are the transaction costs and expenses of turnkey-forex, directrader lower?

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 turnkey-forex and directrader are, we first considered common fees for standard accounts. On turnkey-forex, the average spread for the EUR/USD currency pair is From 0.00 pips, while on directrader the spread is --.

Which broker between turnkey-forex, directrader is safer?

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.

turnkey-forex is regulated by --. directrader is regulated by --.

Which broker between turnkey-forex, directrader provides better trading platform?

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.

turnkey-forex provides trading platform including ECN Account,STP Account and trading variety including Forex, Commodities, Indices, Cryptocurrencies . directrader provides trading platform including VIP ACCOUNT,DIAMOND ACCOUNT,GOLD ACCOUNT,SILVER ACCOUNT,MINI ACCOUNT and trading variety including --.

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