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Do you want to know which is the better broker between Turnkey Forex and Hirose Financial ?
In the table below, you can compare the features of Turnkey Forex , Hirose Financial 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 turnkey-forex, hirose-financial 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 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.
Hirose Financial Review Summary | |
Founded | 2010 |
Registered Country/Region | United Kingdom |
Regulation | FCA, LFSA, FSA |
Services | Tailored forex liquidity solutions, forex prime services and margin trading, distribution and execution |
Customer Support | Email: support@hirose-financial.com |
Physical Address: Japan: MG Building, 1-3-19 Shinmachi, Nishi-Ku, Osaka-Shi, Osaka, JapanEngland: mSalisbury House 29 Finsbury Circus London EC2M 5QQMalaysia: Level 2, Lot 19, Lazenda Commercial Centre, Phase 3, 87007 F.T. Labuan, Malaysia |
Hirose Financial, founded in 2010, is a financial service company specialising in providing forex liquidity and credit solutions to institutional clients. The services it provides cover tailored forex liquidity solutions, forex prime services and margin trading, distribution and execution.
Pros | Cons |
Regulated | No commission information |
Wide range of trading instruments | No clear information on the minimum deposit for each accounts |
Generous leverage up to 1:500 | Limited account types offered |
MT4 and MT5 supported | No Islamic account |
Copy trading available | |
Demo account available |
Hirose Financial is regulated by FCA, LFSA, and FSA. The current status of its FSA License is a suspicious clone.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
United Kingdom | FCA | Hirose Financial UK Limited | Straight Through Processing(STP) | 540244 | Regulated |
Malaysia | LFSA | Hirose Financial MY Limited | Straight Through Processing(STP) | MB/15/0006 | Regulated |
Japan | FSA | ヒロセ通商株式会社 | Retail Forex License | 近畿財務局長(金商)第41号 | Suspicious Clone |
The services it provides cover tailored forex liquidity solutions, forex prime services and margin trading, distribution and execution.
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 hirose-financial 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 hirose-financial the spread is EURUSD 1.9 GBPUSD 2.9 AUDUSD 2.9 USDJPY 1.9.
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 --. hirose-financial is regulated by FCA,LFSA,FSA.
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 . hirose-financial provides trading platform including MT4,LION Trader and trading variety including --.