Overall, Turnkey Forex is not a regulated broker, although, clients’ funds are notably kept in segregated accounts. Turnkey Forex offers a low minimum deposit of $10 on the ECN and STP accounts offered. Turnkey Forex is headquartered in London and holds an overall rating of 5/10.
Turnkey Forex at a glance
| 🔍 Broker's Name | Turnkey Forex |
| 📍 Headquartered | London |
| 📅 Year Founded | 2016 |
| ⚖️ Regulating Authorities | None |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo account | Yes |
| 🏛 Institutional Accounts | Yes |
| 💼 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $10 |
| 💳 Deposit Options | Bank Wire (Bank Transfer), VISA, MasterCard, Bitcoin and Crypto Payments, Instacoin |
| 💳 Withdrawal Options | Bank Wire (Bank Transfer), VISA, MasterCard, Bitcoin and Crypto Payments, Instacoin |
| 📱 OS Compatibility | Mac, Windows, , Web, Mobile Android, iPhone, iPad. |
| 📉 Platform Types | MetaTrader4 (MT4) MetaTrader5 (MT5) Act Trader |
| 📈 Tradable assets offered | Forex, Indices, Commodities, Cryptocurrencies |
| 🚏 Languages supported | English |
| ☎ Customer Service Hours | 24 hours a day, 5 days a week. |
| ⭐ Open an account | Click Here |
|---|
Min Deposit
USD 10
Regulators
Not Regulated
Trading Platform
MT4, MT5, ActTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Turnkey Forex Review – 21 Key Point Quick Overview
- Turnkey Forex at a glance
- Who is Turnkey Forex?
- Turnkey Forex Safety and Security
- Turnkey Forex Partnerships
- Turnkey Forex Leverage
- Turnkey Forex Account Types
- Turnkey Forex Market Instruments
- Turnkey Forex Fees, Spreads, and Commissions
- Turnkey Forex Deposit and Withdrawals
- Turnkey Forex Trading Platforms
- How to open a Turnkey Forex account
- Turnkey Forex Customer Support
- Turnkey Forex Education
- Turnkey Forex Pros and Cons
- Turnkey Forex vs Trading.com vs TradeMax – A Comparison Table
- Top Countries by Similar Web – Turnkey Forex
- Turnkey Forex Popularity Trends
- Turnkey Forex Customer Reviews
- Turnkey Forex Conclusion
- Turnkey Forex Disclaimer
- Frequently Asked Questions
Who is Turnkey Forex?
According to research in South Africa, Turnkey Forex is an online forex and cryptocurrency broker established in 2016 and headquartered in London.
Turnkey Forex is a pure ECN broker to give its clients the best prices available and that only raw spreads from 16 Tier 1 banks are streamed to the clients’ platforms via its ECN network. All trading styles and strategies are allowed.
A No Dealing Desk (NDD) of Turnkey Forex routes all clients’ orders to the liquidity providers with trading servers located in Amsterdam. Turnkey Forex offers clients the MetaTrader 4 (MT4), MetaTrader5 (MT5), and Act Trader platforms for trading on more than 100 assets. The broker provides managed (PAMM) accounts, social trading platforms, and a free virtual private server (VPS) but are lacking proper regulation
Turnkey Forex Safety and Security
One of the best benchmarks to measure the safety of a broker like Turnkey Forex is to establish which regulating authorities are watchdogs over its actions.
Turnkey Forex is not regulated by any authority but claims that it uses Secure Socket Layer (SSL) encryption technology to protect clients’ information and their funds are held in segregated accounts maintained in the top banks.
Turnkey Forex Partnerships
Turnkey Forex has great offerings to earn an income through Introducing broker and White label programs, Refer to the website to sign up.
Turnkey Forex Leverage
Turnkey Forex offers a maximum leverage ratio of 1:500.
| Maximum Leverage | 1:500 |
|---|
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
Turnkey Forex Account Types
Turnkey Forex offers trading at a minimum cost of $10 on their ECN and STP accounts, a demo account and swap-free option are offered to traders.
Turnkey Forex offers the following types of accounts:
▶ Demo Account
Turnkey Forex offers traders the option to practice trades through their demo account offered.
▶ Swap free account
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
This account is targeted at Muslims and other clients who desire a swap-free account since it does not incur rollover charges when positions remain open overnight. The minimum balance is $10 and the spread starts from 0.0 pip with a maximum leverage of 1:200 allowed. No commissions are charged on trades.
Turnkey Forex Market Instruments
The most popular market instruments available from Turnkey Forex for trading include:
📊 Forex
📊 Indices:
📊 Cryptocurrencies
Turnkey Forex Fees, Spreads, and Commissions
Cost depends on different factors, like spread and margins, and Turnkey Forex clients may also experience different fee structures according to their country or place of residence.
The Swap-free account does not incur rollover charges when positions remain open overnight. The spread starts from 1.0 pip and no commissions are charged on trades.
Turnkey Forex Deposit and Withdrawals
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
Cryptocurrencies: Clients can fund accounts with Bitcoin, Litecoin, Ethereum, USDC, and TUSD cryptos.
Turnkey Forex Trading Platforms
The forex trading platform provided by Turnkey Forex to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. Turnkey Forex provides MT4, MT5, and Act Trader free of charge as a downloadable desktop application for Windows PC and a mobile trading application for Android and iOS devices.
How to open a Turnkey Forex account
With Turnkey Forex the process takes less than five minutes and there is no obligation to fund or trade. Visit the broker’s official website and click on the ‘Register’ button to find the registration form.
Step 1 – Navigate to the Turnkey Forex website
Click “register” to open an account with Turnkey Forex.
Step 2 – Turnkey Forex Account Registration
Fill in your first and last name, email address, cellphone number, and country of residence, and select the terms and conditions for the customer & risk agreement. Click “Sign Up” to proceed.
Step 3 – Obtain the Turnkey Forex credentials through the email provided.
Turnkey Forex Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. In the case of Turnkey Forex customers can reach the support team 24/7/365 by means of an instant web chat on the website, a ‘contact us form on the support page, or email and telephone.
Turnkey Forex Education
Turnkey Forex does not offer training resources. Before starting to trade, potential clients of Turnkey Forex should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
Turnkey Forex Pros and Cons
| ✔️ Pros | ❌ Cons |
| A minimum of $19 is needed to start trading online | Unregulated |
| MAM tools are available | No trader’s training academy |
| Segegrated funds | Limited payment methods offered |
| ECN broker | No daily market analysis |
Turnkey Forex vs Trading.com vs TradeMax - A Comparison Table
| 🥇 Turnkey Forex | 🥇 Trading.com | 🥇 TradeMax | |
| 💳 Minimum Deposit | $10 | $5 | $100 |
| ⤴ Maximum Leverage | 1:500 | 1:30 | 1:500 |
| 💻 MetaTrader 4 Platform | ☑ Yes | ☑ Yes (MT5) | ☑ Yes |
| 🌐 Open an account | Click Here | Click Here | Click Here |
|---|
Top Countries by Similar Web - Turnkey Forex
| 📌 % of Traders | |
| 🌍 United States | 41.90% |
| 🌍 Iraq | 28.61% |
| 🌍 Colombia | 12.13% |
| 🌍 Turkey | 6.27% |
| 🌍 Australia | 4.07% |
| 🌍 Others | 7.02% |
Turnkey Forex Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “Turnkey Forex” is entered into Google’s search engine over a given period of time.
Turnkey Forex Customer Reviews
Good broker for Trading on the Go
Turnkey offers a mobile app that allows you to trade on the go. I am extremely busy due to my other commitments but I still want to trade. I use price alerts on their app in order for me to get notifications when a trading pattern that is in line with my analysis, presents itself – Kapna
Nice ECN broker with small minimum deposit requirements
I have an ECN account with this broker, what I like most is that I can enjoy ECN trading conditions with a minimum deposit of $10. Most ECN brokers require a minimum deposit of up to $10 000. I recommend this broker if you want to enjoy ECN trading conditions and you have low capital. – Den
Good for CFD trading
Turnkey forex has been my primary forex broker for a while, but recently, I started trading commodities with them. Found no difference in the spreads, they are as tight as I got in forex. Trading has been a good experience so far! -Phil
Turnkey Forex Conclusion
Overall, Turnkey Forex is unregulated but provides a choice of MT4, MT5, and Act Trader platforms, and supports all strategies, trading systems, and styles. Different account types give traders a choice of services.
The website lacks training and research content. Turnkey Forex has a low minimum deposit of $10 and offers traders various opportunities to earn an income through IB and white-label programs.
Min Deposit
USD 10
Regulators
Not Regulated
Trading Platform
MT4, MT5, ActTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Turnkey Forex Disclaimer
Turnkey Forex warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Turnkey Forex warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Turnkey Forex cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Is Turnkey Forex a legit broker?
Yes and no, Turnkey Forex is not regulated but notably keeps clients’ funds in segregated accounts.
How many instruments can I trade with Turnkey Forex?
You can trade several different instruments with Turnkey Forex, which include the following:
- Forex
- Commodities
- Indices
- Cryptocurrencies
Which platforms are supported by Turnkey Forex?
Turnkey Forex provides the following popular trading platforms:
- MT4
- MetaTrader5 (MT5)
- Act Trader
For which type of trader is Turnkey Forex best suited?
Turnkey Forex offers a fair trading environment for most types of traders.
What is the overall rating out of 10 for Turnkey Forex?
The overall rating for Tunrkey Forex is 5/10.
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