Turnkey Forex review : what is this broker

There’s also the Act Trader app, and all of them are available for both iOS and Android. Most of the features are the same as desktop platforms, just more convenient to use. Turnkey Forex is an offshore company from Mauritius owned by TurnKey Forex Limited. As mentioned, most offshore companies have no financial regulations, which is the exact reason for this Turnkey Forex review.

You also need to take notice of all Turnkey Forex trading platform issues for a better experience. The main difference is in the spread and commission since all of the other terms are pretty much the same. Turnkey Forex’s minimum deposit is $10 for both account types, and it looks like the broker is forcing crypto payments.

turnkey forex broker review

Otherwise, the reasonable monthly subscription of $25, $45 or $80 applies. The subscription fee depends on the speed and the power of the server that you opt for. I have a dedicated Forex VPS form a third-party provider and find it to be an invaluable tool for running my automated systems around the clock. This way I can compare performance and trading conditions on multiple brokers simultaneously. If you have traded with Turnkey Forex and believe you have been scammed by them you have a chance to get your money back.

It offers trading through MetaTrader 4, MT4 and the ICM MT4 platform. This is an excellent way to test out the market before making a large investment. Got some bonuses for my first deposit, which was a good encouragement for me. I am new to trading and I seek to make money in the long term.

Nice Broker, that offers both Mt4 and Mt5 trading platforms

I had many accounts with different brokers and I could say that this broker is really good.There are brokers with better reputation but I was looking for scalping and usdt withdrawals. The Electronic Communication Network offers the best conditions for trading. For instance, it allows the traders to give specific preset conditions at which they would like to trade. $10 is the minimum balance required in order to open this type of account with Turnkey Forex. The MetaTrader 5 platform gives access to over 40 indicators. The included code editor allows users to create custom indicators based on their needs.

turnkey forex broker review

The call option is non-supportive respond, while other connecting methods were slow. The deposit and withdrawal is time taking, and there are several hidden charges. We would not recommend trading with a Turnkey turnkey broker forex broker and suggest going with some regulated trading site, like Global TradeATF, ROinvesting, T1markets and several others. This was the detailed Turnkey Review based on different features and services.

About Act Trader Trading Platform

The MT4 platform is fast, reliable and replete with trading and analytical tools. You can add more features by using plugin apps developed with the MQL4 programming language. Turnkey Forex provides MT4 free of charge as a downloadable desktop terminal and mobile trading app which is built for Android and iOS devices. I think the desktop platform is ideal for anyone looking to use complex trading strategy templates or to run automated systems. The MT4 app on the other hand, is great for checking your trades and following the markets when you are not at your computer.

turnkey forex broker review

It also offers a variety of payment options and live chat or phone support. These features will make it easier for investors to open accounts and make withdrawals. To be able to open a trading account with Turnkey Forex, you must register with the firm. Also availed their 100% bonus offer, which helped me to leverage my account and trade extra and it’s withdrawable after conditions are being met. As far as withdrawals are concerned, I got mine in time, the broker didn’t take more than 24 hours for most of them.

Their instant web chat can instantly connect anyone on their website to their customer support desk. The email queries are replied to in a matter of a few hours. They started from being an investment adviser, to becoming one of the most trustworthy brokers to their clients.

ECN account for cryptos

The spreads on EUR/USD can go as low as 0 pips but the average spread remains at 0.2 pips. Turnkey Forex is a reliable broker with a very impressive record of a large volume of trades that have been undertaken on their platform. The VPS and API trading facility that they offer makes them one of the most new-age brokers of today, offering excellent trading conditions. Turnkey Forex is very versatile with its payment options. Deposits can be made through cryptocurrencies, InstaCoin, and VLoad. Payments made through Cryptocurrencies and InstaCoin are processed instantly, while deposits made through VLoad will depend upon the trader’s VLoad tier.

The support team has helped me in a couple of cases and they also answer questions very fast. Withdrawing money is also the same day, so it is easy for me to withdraw when I need my money. The broker gives a platform to trade currency, indices, cryptocurrencies and commodities.

  • Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
  • Turnkey allows a minimum trade size of 0.01 lots & a maximum of 100 lots.
  • Further, there are no cash and third party deposit methods available.
  • This includes CFDs on forex, commodities, indices and some cryptos.
  • There is no restriction to anyone from making use of the various benefits offered by the broker.

Note that the available methods are only limited to telephone, email, and live chat and no proper resolving team is placed for customer satisfaction. The Turnkey broker provides trading on a limited range of financial instruments and only includes commodities, currencies, indices, and cryptocurrencies, which are less. The meagre range creates massive obstacles for both beginners and professionals.

Turnkey Forex Review – Social Trading

The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. TradingBrokers.com aim to provide unbiased broker reviews. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

turnkey forex broker review

I like to trade cryptos which I do on weekends while trading forex during the week. Turnkey Forex is suspected to be a scam broker as it is an offshore company. TurnKey Forex is a registered trading name of TurnKey Forex Limited and as stated on the website headquarters in Mauritius.

Ease of Trading with this Broker

I have opened cases against them with the US internet crime complaint center and with the FCA so stay tuned. The low pricing makes me recommend turnkeyforex for those who have small account. Very low slippages during news releases, I use two brokers to trade forex but when it comes to trading news, I stay with turnkey because I have had good news trading results here.

Is there a Turnkey Forex broker research portal?

If you find that your country is not accepted for any reason, you could always use our broker comparison tool to find other options. Start by filling out the form above and we will get in touch with you and provide you with information on how to start the process. Turnkey Forex broker has three contact options, i.e. telephone, contact us page, and email. However, the response team is slow and unprofessional while resolving the queries.

It would be unfair for me to not mention AGAIN that this broker offers extremely tight spreads relative to other brokers I have researched and back-tested. Additionally, live charts of all the assets are provided over 9-time frames from as short as a minute to as long as a https://xcritical.com/ month. Stop orders, as well as risk management tools, are a part of MT4. One-click trading and alerts are some other helpful features of the platform on Turnkey Forex. I'm glad I switch to turnkeyforex, with their stp accounts, commissions are one less thing to worry about.

The broker is not safe for trade, and the readers are suggested to invest their precious money with some regulated brokerage firm like HFTRading, Global TradeATF, and ROinvesting. Your Brokerage Advisor is the largest online rating of brokerage companies and a forum for investors and traders. For more than 10 years promotes capital growth and risk reduction.

Overall, the Turnkey Forex broker is not licensed by any tier financial body, and thus, the safety of client funds can’t be assured. Moreover, the firm has a complex UI/UX design, and thus, it is difficult to understand for beginners. There is no research & educational material for enhancing the trading knowledge, and the beginners might face difficulty without the required knowledge. It is possible to sign up for a free account through its website and begin trading in minutes.


Like every offshore broker I've used so far, right at the point where you start to trade with their money, meaning 100% profit is when they start to trade against you. All reviews represent only their author's opinion, which is not necessarily based on the real facts. Before deciding to trade Forex or any other financial instrument, you should carefully consider your investment objectives, level of experience, and risk appetite. Forex is a high-risk trading instrument which is not suited for all traders and investors. Just a little note to those who are looking for ECN Scalping, this broker is a must recommend.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. There's too much to go into detail, but just avoid if you are a profitable trader unless you make your profit...head out as soon as you notice changes that you cannot pin on the market. My trades have been the exact catalyst for some of their most insane market making stunts.

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