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STARTRADER , Turnkey Forex Broker Comparison

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

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

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
 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
STARTRADER
8.56
Regulated
Under guarantee
--
--
10-15 years
ASIC,FSCA,FSA
Neteller,STICPAY,Debit Card,Local Deposits,Bank Wire,CryptoPay,PerfectMoney,Credit Card,SEPA,Skrill
AA
B
499.9
2
2
3
1987
1987
1987
AAA
--
13
-1
13
A
5.07 USD/Lot
18.74 USD/Lot
A

Long: -6.92

Short: 3.13

Long: -86.15

Short: 28.12

C
0.1
266.6
STANDARD,ECN
60+ currency pairs, 700+ stocks, 20+ commodities, 25+ indices
10-50USD
1:1000
from 1.0
0.00
--
0.01
--
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
--

STARTRADER 、 Turnkey Forex BrokerRelated News

Which broker is more reliable?

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

1.Forex broker introduction。

2.Do iv-markets 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

iv-markets
STARTRADER Review Summary
Founded1997
Registered Country/RegionAustralia
RegulationASIC
Market InstrumentsForex, shares, indices, metals, commodities, and ETF
Account TypeSTP Account, ECN Account
Demo Account
LeverageUp to 1:500
SpreadStart from 0.0 pips
Minimum trading set0.01 lots
Trading PlatformMT4, MT5, Web Trader, STARTRADER APP, copy trade
Payment MethodVisa/Mastercard, E-Wallet, International Bank Wire Transfer
Customer SupportPhone: +61 2 9925 4396
Email: info@startrader.com
Physical Address: Suite 201, 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, Mauritius

STARTRADER Information

STARTRADER, founded in 1997, is a brokerage registered in Australia. The trading instruments it provides cover more than 50 types of forex , more than 70 types of shares, indices, metals, commodities, and ETF.

STARTRADER Information

Pros and Cons

Pros Cons
RegulatedNo clear information on the minimum deposit for each accounts
Wide range of trading instrumentsNo Islamic account
Generous leverage up to 1:500
MT4 and MT5 supported
Copy trading available
Demo account available

Is STARTRADER Legit?

STARTRADER is regulated by ASIC. Its current status is regulated.

Regulated CountryRegulated AuthorityRegulated EntityLicense NumberCurrent Status
AustraliaASICSTARTRADER PRIME GLOBAL PTY LTD000421210Regulated
Is STARTRADER Legit?

What Can I Trade on STARTRADER?

STARTRADER offers traders more than 1000 types of instruments - more than 50 types of forex , more than 70 types of shares, indices, metals, and commodities.

Tradable Instruments Supported
Forex
Commodities
Stocks
Metals
Indices
ETF
Futures
Options
What Can I Trade on STARTRADER?

Account Types

STARTRADER offers 2 different types of accounts to traders - Standard Account, ECN Account.

Account TypeStandard AccountECN Account
SpreadsAs low as 1.3 pipsAs low as 0.0 pips
CommissionNoYes, $7/lot
Minimum Volume per Trade0.01 lots0.01 lots
Account Currency TypeAUD, CAD, EUR, GBP, USD, NZDAUD, CAD, EUR, GBP, USD, NZD
Payment MethodsVisa/Mastercard, E-Wallet, International Bank Wire TransferVisa/Mastercard, E-Wallet, International Bank Wire Transfer
Demo Account
Account Types

Trading Platform

STARTRADER's trading platforms are MT4, MT5, Web Trader, STARTRADER APP, which support traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT4 Margin WebTraderWeb, Mobile
MT5Web, Mobile
Web TraderWeb
STARTRADER APPMobile
Copy Trade
Trading Platform

Deposit and Withdrawal

The broker supports Visa, Mastercard, E-Wallet, Bank Wire, China Union Pay, Dragonpay, Help2Pay, Payment Asia and tether.

Deposit and Withdrawal

Copy Trading

STARTRADER's copytrading offers an opportunity to follow good traders and monitor the markets.

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 iv-markets 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 iv-markets and turnkey-forex are, we first considered common fees for standard accounts. On iv-markets, the average spread for the EUR/USD currency pair is from 1.0 pips, while on turnkey-forex the spread is From 0.00.

Which broker between iv-markets, 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.

iv-markets is regulated by ASIC,FSCA,FSA. turnkey-forex is regulated by --.

Which broker between iv-markets, 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.

iv-markets provides the STANDARD,ECN platform with products like 60+ currency pairs, 700+ stocks, 20+ commodities, 25+ indices; turnkey-forex offers the ECN Account,STP Account platform featuring assets including Forex, Commodities, Indices, Cryptocurrencies .

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