Score
Turkey
|
5-10 years
| http://www.vakiffx.com
Website
Rating Index
MT4/5
Full License
VakifFX-DemoMain
Influence
C
Influence index NO.1
Turkey 3.02
MT4/5 Identification
Full License
TurkeyInfluence
C
Influence index NO.1
Turkey 3.02
LicensesNo valid regulatory information, please be aware of the risk!
Turkey
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
vakiffx.com Turkey| Vakif FXReview Summary | |
| Founded | 2012-02-29 |
| Registered Country/Region | Turkey |
| Regulation | Unregulated |
| Market Instruments | Forex and CDFs(on commodities/indices/metals) |
| Demo Account | ❌ |
| Leverage | / |
| Spread | From 0.8 pip |
| Trading Platform | MT4(PC/Desktop/iPhone/iPad/Android) |
| Min Deposit | / |
| Customer Support | Phone: (0850)222 7772 |
| Email: musterihizmetleri@vakifyatirim.com.tr | |
| Fax: (212)352 36 20 | |
| Social Media: Facebook, Twitter, Instagram | |
Vakif FX is a broker. The tradable instruments include forex and CDFs on commodities, indices, and more. The broker also provides standard and premium accounts with a minimum spread of 0.8 pip. Vakif FX is still risky due to its unregulated status, along with unspecific fees and account data information.
| Pros | Cons |
| Spread as low as 0.8 pip | Unregulated |
| MT4 available | Demo account unavailable |
| Various trading instruments | Unspecific fees and account data information |
Vakif FX is not regulated, making it less safe than regulated brokers.
Traders can choose different investment directions because the broker provides forex and CDFs on commodities, indices, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CDFs | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Vakif FX provides Standard and Premium accounts. However, apart from spread traders, they do not get more data information such as commissions, leverage, etc.
| Account Type | Supported |
| Standard | ✔ |
| Premium | ✔ |
The spread is from 0.8 pip, while the lower the spread, the faster the liquidity. Vakif FX also provides swap-free products.
Vakif FX has an authoritative MT4 trading platform available on PC, Desktop, iPhone, iPad, and Android. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | PC/Desktop/iPhone/iPad/Android |
Deposit and withdrawal through the Dollar and Turkish Lira account at Vakifbank during the day before 16:00.
Traders can contact Vakif FX via phone, email, and fax and follow the broker through Facebook, Twitter, and Instagram.
| Contact Options | Details |
| Phone | (0850) 222 7772 |
| musterihizmetleri@vakifyatirim.com.tr | |
| Fax | (212)352 36 20 |
| Social Media | Facebook, Twitter, Instagram |
| Supported Language | Turkish |
| Website Language | Turkish |
| Physical Address | Akat Mahallesi Ebulula Mardin Caddesi No:18Park Maya Sitesi F-2/A Blok Besiktas 34335 ist anbul |
Yes, Vakif FX’s biggest con is being unregulated. For me, this is a deal-breaker as it means my funds wouldn’t be protected by any financial authority. The lack of a demo account is another drawback, as it makes it harder for me to test the platform risk-free before committing real money.
No, Vakif FX is unregulated. As a trader, this is concerning for me because unregulated brokers don't have the same level of oversight as regulated ones. This raises questions about the safety of my funds, and I would be cautious about trading with them. I’d definitely mention this in my Vakif FX review, as regulation plays a big role in ensuring my protection.
Unfortunately, Vakif FX does not offer a demo account, which is a big downside for me as a beginner trader. I find it essential to practice on a demo account before using real money, so this lack of a demo account makes me hesitant to get started with them.
The spread at Vakif FX starts from 0.8 pips, which is relatively competitive. For me, tight spreads are important because they directly affect my trading costs. I like that Vakif FX offers low spreads, but I still need to factor in the lack of transparency regarding other fees.
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