No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
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.
--
--
--
--
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:
Note: Vipotor's official website: https://www.vipotor.com is currently inaccessible normally.
VipotorReview Summary | |
Founded | 2021 |
Registered Country/Region | Malta |
Regulation | Not regulated |
Market Instruments | Forex, options, CFDs on indices, commodities, stocks, and cryptocurrencies |
Demo Account | / |
Leverage | Up to 1:100 |
EUR/USD Spread | From 1.7 pips (Standard account) |
Trading Platform | MT4 |
Min Deposit | $100 |
Customer Support | Phone: +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.
Pros | Cons |
Various trading instruments | Not regulated |
MT4 supported | Wide spreads |
Popular payment options | Unavailable website |
Regulatory Status | Revoked |
Regulated by | Australia Securities & Investment Commission |
Licensed Institution | VIPOTOR WEALTH PTY LTD |
Licensed Type | Appointed Representative (AR) |
Licensed Number | 001292257 |
Tradable Instruments | Supported |
Forex | ✔ |
Options | ✔ |
CFDs | ✔ |
Stocks | ✔ |
Indices | ✔ |
Cryptos | ✔ |
Commodities | ✔ |
Vipotor offers three account types: Standard, Premium and Prime.
Account Type | Minimum Deposit |
Standard | $100 |
Premium | $500 |
Prime | $5000 |
The leverage of Vipotor is up to 1:100. High leverage always comes with high profits and high losses.
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 | Supported | Available Devices | Suitable for |
MT4 | ✔ | Android and iOS | Beginners and experienced traders |
Payment Options | Fees | Deposit Processing Time | Withdrawal Processing Time |
Bank transfer | $25+ | 2-5 business days | 2-5 business days |
Credit card | Free | Instant | 24 hours |
PayPal | 2% | 1 hour | |
Skrill | |||
Neteller | |||
Crypto | Depending on crypto | 24 hours |
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 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.
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 --.
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 .