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Vipotor , Turnkey Forex Broker Comparison

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

In the table below, you can compare the features of Vipotor , Turnkey Forex 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
Pin on the left
1.44
No Regulation
No guarantee
--
2-5 years
ASIC
Supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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
--

Score
Regulatory Status
No Regulation
No Regulation

Vipotor 、 Turnkey Forex BrokerRelevant information

Vipotor 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 vipotor, 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:

Forex broker introduction

vipotor

Note: Vipotor's official website: https://www.vipotor.com is currently inaccessible normally.

VipotorReview Summary
Founded2021
Registered Country/RegionMalta
RegulationNot regulated
Market InstrumentsForex, options, CFDs on indices, commodities, stocks, and cryptocurrencies
Demo Account/
LeverageUp to 1:100
EUR/USD SpreadFrom 1.7 pips (Standard account)
Trading PlatformMT4
Min Deposit$100
Customer SupportPhone: +35627781919
Email: services@Vipotor.com
Address: PO BOX 4000, Gippsland Mail Centre, Victoria 3841

Vipotor was registered by Vipotor Wealth Ltd in 2021 in Malta. It offers the most popular trading platform MT4, and the leverage is up to 1:100. However, it can only trade for forex. Besides, the spread is 1.7 pips. What's more, it is not regulated.

Vipotor's homepage

Pros and Cons

ProsCons
Various trading instrumentsNot regulated
MT4 supportedWide spreads
Popular payment optionsUnavailable website

Is Vipotor Legit?

Regulatory StatusRevoked
Regulated byAustralia Securities & Investment Commission
Licensed InstitutionVIPOTOR WEALTH PTY LTD
Licensed TypeAppointed Representative (AR)
Licensed Number001292257
Revoked ASIC license
Domain information

What Can I Trade on Vipotor?

Tradable InstrumentsSupported
Forex
Options
CFDs
Stocks
Indices
Cryptos
Commodities

Account Type

Vipotor offers three account types: Standard, Premium and Prime.

Account TypeMinimum Deposit
Standard$100
Premium$500
Prime$5000

Leverage

The leverage of Vipotor is up to 1:100. High leverage always comes with high profits and high losses.

Spreads and Commissions

Vipotor's spread varies depending on the accounts chosen. The spreads start from 1.7 pips on EUR/USD on the Standard account. Besides, no commissions are charged.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Android and iOSBeginners and experienced traders

Deposit and Withdrawal

Payment OptionsFeesDeposit Processing TimeWithdrawal Processing Time
Bank transfer$25+2-5 business days2-5 business days
Credit cardFreeInstant24 hours
PayPal2%1 hour
Skrill
Neteller
CryptoDepending on crypto24 hours
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.

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

Which broker between vipotor, turnkey-forex 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.

vipotor is regulated by ASIC. turnkey-forex is regulated by --.

Which broker between vipotor, turnkey-forex 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.

vipotor provides trading platform including -- and trading variety including --. turnkey-forex provides trading platform including ECN Account,STP Account and trading variety including Forex, Commodities, Indices, Cryptocurrencies .

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