Launched in 2016 and based in London, Turnkey Forex is a Forex and CFD broker that offers over 100 trading instruments in multiple asset classes, including forex, indices, stocks, commodities, and ETFs. They also offer competitive spreads from 0.0 pips and high-speed trade executions.
Turnkey Forex provides their clients with the powerful MT4 and Trade Station Platforms. There is No Dealing Desk (NDD) as Turnkey Forex is an ECN/STP broker that routes all clients’ orders to the liquidity providers. The broker is bent on satisfying the diverse needs of every customer and believes in the mantra: “Customer is king.”
Turnkey Forex Review Introduction
In this Turnkey Forex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Turnkey Forex.
Turnkey Forex Platforms & Tools
Turnkey Forex provides clients with the popular MetaTrader 4 platform. It is user-friendly yet complex enough to meet the needs of almost all types of traders. The MT4 platform is fast, reliable, and replete with trading and analytical tools. The broker provides the MT4 platform as a downloadable desktop application for Windows PC and also the mobile trading application for Android and iOS devices.
There is also the Trade Station, which is only available to clients who registered before 2018. It is available on Windows and Mac PCs and as a mobile app for iOS and Android devices. Turnkey Forex also provides its traders with useful trading tools including Social Trading, Multi Account Manager (MAM) Account, Virtual Private Server (VPS), FIX API, and Robo Trading.
Turnkey Forex Research & Education
The broker’s website does not contain any educational materials presently.
Turnkey Forex Trading Accounts
The broker offers different account types to its clients. The accounts depend on the trading capital and other conditions attached. The available account types and their corresponding minimum required deposits are:
- Micro Account ($5)
- Swap-Free Account ($100)
- STP Account ($200)
- ECN Account ($200)
- VIP Account ($25,000)
For all accounts, the minimum trade size is 0.01 lots, while the maximum is 100 lots. Spreads range from 0.0 pip to 1.0 pip. The stop out level is at 50%, while the margin call is 70%. Demo account, which is a risk-free account that is preloaded with virtual funds for practice purposes, is also available.
Turnkey Forex Account Funding
The broker accepts the following payment options: bank transfer, debit/credit cards, online payments, and cryptocurrencies. However, it rejects all cash and third-party deposits. The transaction fees and the processing time depend on the payment method in use.
Turnkey Forex Customer Service
Turnkey Forex provides a client support desk, which is always available to assist clients on a 24/7/365 basis. They can be reached through the instant webchat on the website, email, telephone, or by simply filling the ‘contact us’ form on the support page.
Turnkey Forex Regulation
Turnkey Forex is a registered trading name of Turnkey Forex Limited. Turnkey Forex is unregulated, as there is no regulatory information on the broker’s website.
Turnkey Forex Review Summary
Turnkey is an unregulated broker that offers online trading via MT4 and Trade Station platforms. They give traders a good choice of account types, as well as a vast range of useful trading tools for different clients’ needs.
It is worth mentioning that some of the trading products and services in this Turnkey Forex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Turnkey Forex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.