The Pro Account is designed for more experienced traders who require higher leverage and lower spreads. The VIP Account is for high-net-worth individuals and offers personalized services and additional benefits. Turnkey Forex is an unregulated online forex and CFD broker that provides a choice of MT4 and Trade Station platforms, and supports all strategies, trading systems and styles. Different account types give traders a choice of services as well as useful tools for different needs.

Turnkey forex review

It has saved me from having total losses during bad trades. I learnt that there is also protection against negative balance. If it happens that I have a negative balance, I will open another account elsewhere. is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.

Broker Types

I won’t say much as I have just started with them recently but my till date experience has been satisfactory. The client support desk is always available to assist clients on a 24/5 basis. A quick way to reach them is through the instant web chat on the website.

Turnkey forex review

Turnkey Forex has joined hands with third-party VPS providers to offer reliable, low latency connections to trading servers 24×7. This service is advantageous to EA users and other traders who wish to have steady internet access without any hardware or internet interruptions. Turnkey Forex offers free VPS service for traders who maintain a minimum balance of $5,000. Traders can also avail the service by paying a monthly subscription of $25, $45, or $80.

Which platforms are supported by Turnkey Forex?

When it comes to forex trading, choosing the right broker is crucial, especially for beginners who are just starting their trading journey. With so many brokers available in the market, it can be overwhelming to find the one that suits your needs. One broker that stands out in the competitive forex industry is Turnkey Forex. In this review, we will explore the features and services offered by Turnkey Forex to determine whether it is the best forex broker for beginners.

Despite the positives, I they are lacking regulation which may deter some traders. Although from my research, it is good to see that the customer support team have responded to concerns that have been put forward to them. In conclusion, Turnkey Forex offers competitive spreads, a wide range of trading instruments, and user-friendly trading platforms.

How Does Turnkey Forex Compare?

All I would say that the broker is honest and transparent; my journey has been very smooth with these guys till now. I have an ECN account with Turnkey Forex and it has been functioning decently. They offer one of the most competitive spreads in the market especially on major pairs. I had been using bank wire for fund transfers but they took 3-5 days so when I found out they offer BTC also for transfers I was thrilled since now my money is transferred within a few hours. I have settled into a comfort zone at Turnkey as they match up to all my trading requirements and expectations. Truth be told such dedicated and serious brokers are hard to find.

Turnkey forex review

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.

Low trading costs

Some of the points that I would note are low costs on ecn account which range as low as $2 for traded round mini lot, possibility for margin trade and allowed hedging. Overall, trading costs are indeed low here, which is good since I have larger number of trades. With the Commission Free STP account, you can experience reliable trade execution speeds and low spreads. The STP account is exactly the same as the ECN account, with the only difference being that in STP account, the commission charges are included within the spread.

Asides all these, I also notice that when trades are placed, it starts very fast and at the same value they are placed and I trade forex and cryptocurrencies. I would have loved it if the broker has stocks trading services too. Turnkey Forex is an international low commission broker, known for excellent customer service. They offer a wide range of assets to trade, including forex, commodities, indices, and cryptocurrencies, through MetaTrader platforms. Turnkey Forex is one of the few forex brokers that provide access to Act Trader, apart from Coinexx, a broker with a relatively poor reputation and mostly known for crypto trading. Mainstream brokers like AvaTrade or Oanda have not introduced Act Trader just yet, and they also come with higher costs for traders as they are market makers.

Many deposit and withdrawal option

Experience our unrivalled trade execution speeds and low spreads with commission free STP Account. Besides lots of currency pair,
Turnkey Forex also offers some instruments you would like to trade on, such as
Forex, Gold & silver, Oil, Stocks, Metals and Crypto for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
Turnkey Forex also offers some instruments you would like to trade on, such as
Forex, Stocks, Indexes, ETF and Crypto for your best choice.

  • An ECN network is a link of different participants in the forex market, such as investment funds, banks, individual traders, etc.
  • We advise all investors and traders to avoid  Turnkey Forex due to its lack of regulation.
  • The mobile app has been useful for me in charting, trading monitoring, setting of price alerts, managing my trades and many other things.
  • I have tried scalping and the trade execution speed encourages me, the spread is also a major advantage in the trades.
  • I have started my stp account with smaller amount of $500 and after initial deposit I havereceived additional $500 for trading as a welcome bonus.

Turnkey Forex offers clients online trading on more than 100 assets via the MetaTrader 4 (MT4) and Trade Station platforms. The broker provides the options of managed (MAM) accounts, social trading platforms and a free virtual private server (VPS) to support turnkey broker clients in their trading activities. They are however lacking regulation which should make traders think twice about using them. You will find a generous selection of around 500 trading instruments in 4 main asset classes are available to trade.

Turnkey Forex Review – Company Information

Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. I think that this broker has a great customer support service. Usually traders are writing about conditions, but my first impression about this broker was through customer support. Since I have open account I have decided to import my own ea into MT5 platform.

This fast and reliable trading platform is provided free of cost by Turnkey Forex to be downloaded on both Android and IOS devices. They started from being an investment adviser, to becoming one of the most trustworthy brokers to their clients. Their interactive and transparent connections with their customers 24/7 have earned them the label of being one of the most reliable brokers. Yes, the broker allows you to trade on the foreign exchange markets, commodities (including precious metals), indices, and cryptocurrencies. This feature is highly beneficial for experienced traders who want to run the automated strategy without interruptions.

Trading Platforms

I need to stress that up to now I did not experienced any issues with execution of deals. I have been with them for past year and a half and never had any reasons to complain. The spreads have been consistently narrow since I started with them & their commissions have always been the lowest that I’ve ever traded on. I do bank wires, they manage to reach them in time and withdrawals are also timely. Turnkey Forex provides this service to traders who run complex algorithms and those who want to build their own trading systems.

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