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Easy Forex , Turnkey Forex Broker Comparison

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

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

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
Easy Forex
6.53
Regulated
Under guarantee
--
15-20 years
CYSEC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Turnkey Forex
1.59
Not Regulated
Under guarantee
--
--
5-10 years
--
Crypto Payments,instacoin,VLOAD,Cryptocurrency/PayPal via Coinbase
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ECN Account,STP Account
Forex, Commodities, Indices, Cryptocurrencies
US$10
1:500
From 0.00
50.00
--
0.01
--

Easy Forex 、 Turnkey Forex BrokerRelated News

Easy Forex BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do easyforex and turnkey-forex have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

easyforex
Easy Forex Review Summary
Founded2001
Registered Country/RegionCyprus
RegulationCYSEC (Regulated)
Market InstrumentsForex, precious metals, commodities, indices, cryptocurrencies and shares
Demo Account
LeverageUp to 1:400
EUR/USD SpreadFrom 1.7 pips (Standard account)
Trading PlatformeasyMarkets, MT4, MT5
Minimum Deposit$25
Customer Support24/5 live chat
Email: support@easymarkets.com
Regional RestrictionsThe United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Belarus, Burundi, Cambodia, Chad, Comoros, Congo, Cuba, Democratic Republic of the Congo, Equatorial Guinea, Fiji, Haiti, Iran, Iraq, Kosovo, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Russian Federation, Seychelles, Somalia, South Sudan, Sudan, Syria, Turkmenistan, Venezuela, Yemen, Anguilla, Mali, Trinidad and Tobago and Vanuatu

Easy Forex Information

Easy Forex is a regulated broker, offering trading on forex, precious metals, commodities, indices, cryptocurrencies and shares with leverage up to 1:400 and EUR/USD spread from 1.7 pips on MT4 and MT5 trading platforms. The minimum deposit amount is $25.

Easy Forex Information

Pros and Cons

Pros Cons
MT4 and MT5 platformsWide spreads
Regulated wellNo demo accounts
Long operation timeRegional restrictions
24/5 live chat support
Low minimum deposit
No commission fees charged
Popular payment options

Is Easy Forex Legit?

Yes. Easy Forex is licensed by CYSEC to offer services.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Cyprus Securities and Exchange Commission (CySEC)RegulatedEasy Forex Trading LtdMarket Maker (MM)079/07
Easy Forex license

What Can I Trade on Easy Forex?

Easy Forex offers trading on forex, precious metals, commodities, indices, cryptocurrencies and shares.

Tradable Instruments Supported
Forex
Precious metals
Commodities
Indices
Cryptocurrencies
Shares
Bonds
Options
ETFs
Easy Forex products
Easy Forex products

Account Type

Here are three account types Easy Forex offers:

Account TypeMinimum Deposit
VIP $10,000
Standard $25
MT5$25
Account Type
Account Type

Leverage

Account TypeMaximum Leverage
VIP 1:400
Standard
MT51:2000

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

Easy Forex Fees

Account TypeEUR/USD Spread
VIP From 0.7 pips
Standard From 1.7 pips
MT5From 0.7 pips

More details can be found via https://www.easymarkets.com/syc/en-my/trade/forex-spreads/

Easy Forex requires no commission fees.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
easyMarkets Android & iOS, web/
MT4DesktopBeginners
MT5Desktop, mobileExperienced traders
Trading Platform
Trading Platform
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

Easy Forex accepts payments via credit/debit cards, online banking, eWallet, bank wire transfer and crypto currency.

For withdrawals to credit/debit cards and eWallets, there is no minimum withdrawal amount. For withdrawals to bank accounts, a minimum amount of USD 50 is required.

Deposit and Withdrawal

Deposit/Withdrawal Options

Deposit Options Fees Processing Time
Deposit and Withdrawal
0Instant
Deposit and Withdrawal
up to 24 hours
Deposit and Withdrawal
up to 1 hour
Deposit and Withdrawal
1 working day once payment is made to Local Exchanger
Deposit and Withdrawal
1 working day
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
up to 3 hours
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

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.

Do easyforex and turnkey-forex have lower transaction costs?

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

Which broker between easyforex, 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.

easyforex is regulated by CYSEC. turnkey-forex is regulated by --.

Which broker between easyforex, 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.

easyforex provides the -- platform with products like --; turnkey-forex offers the ECN Account,STP Account platform featuring assets including Forex, Commodities, Indices, Cryptocurrencies .

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