7.3/10
(45 qualified reviews)
  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • PAMM accounts
  • LAMM accounts
  • MAM accounts
  • Segregated accounts
  • Managed accounts
  • Affiliate program
  • Islamic accounts available
  • US traders are welcome
  • Company Turnkey Forex Ltd
  • Founded in 2009
  • Online since 2016
  • Offices in
    • United Kingdom
  • Payment options
    • Bitcoin
    • Credit/debit cards
    • Neteller
    • Skrill
    • Wire transfer
  • Demo platforms
    • MetaTrader 4
    • MetaTrader 5
  • Account currencies
    Show account currencies Hide account currencies
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Website available in
    • English
  • Support available in
    • English
  • Support methods
    Show support methods Hide support methods
  • Trading server time zone GMT+3
  • VPS for traders Free for deposits greater than $5,000.
  • Hedging
  • Trailing stop
  • Pending orders
  • One-Cancels-Other (OCO) orders
  • One-click trading
  • Trading via API
  • Automated trading
  • Minimum account size $200
  • Minimum position size 0.1 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.7
  • Minimum spread on EUR/USD, pips 0.2
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:200
    • Stocks1:200
    • Indexes1:200
    • ETF1:200
    • Cryptocurrencies1:2
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
    • TradeStation
  • Digits after dot 5
  • Margin call level 70%
  • Stop-out level 50%
  • Number of currency pairs 85
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-Cancels-Other (OCO) orders
  • One-click trading
  • Trading via API
  • Automated trading
  • Minimum account size $200
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.3
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $2
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:200
    • Oil1:200
    • Stocks1:200
    • Metals1:200
    • Cryptocurrencies1:2
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
    • TradeStation
  • Digits after dot 5
  • Margin call level 70%
  • Stop-out level 50%
  • Number of currency pairs 85
  • History
    Show history Hide history
View contract specifications

Reviews

66 reviews of Turnkey Forex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, France.

The low pricing makes me recommend turnkeyforex for those who have small account. No broker beats turnkeyforex in its low cost trading.

, United Kingdom.

Turnkeyforex has some promotions like deposit bonuses, free deposit and withdrawal, and some others. So far, forex and crypto trading on the platform has been worth it and there have been no issues at all. The professional-looking charts and their features have been a plus for me

, USA.

I am here to warn others to avoid Turnkey Forex. They are an unregulated Ponzi scheme. Are not regulated by any governing body and you will be put through hoops to get a withdrawal. They are not registered to do business in the US or Europe and have no real liquidity providers. They make you fight them to get your money back. They currently have a ton of my money they are refusing to return to me after I made a profit. I have opened cases against them with the US internet crime complaint center and with the FCA so stay tuned.

, Spain.

Transaction cost is low; the spreads are tight on the stp account though it is slightly larger than the ecn account. The ecn offers zero spreads with low commission. The commission on indices is even far lower; charging only $1 for $100,000 traded volume on indices

, Argentina.

Turnkeyforex offers deposit bonus; I was a beneficiary of that when I started to trade. With leverage I was also able to make a lot of money within a short time. I was not a beginner when I got here; I only opened an account here to get better trading conditions

, Poland.

Expert advisors are fast and I notice they are even faster with vps. My expert advisor executes many trades at a time without issues and delays. The broker does not give stories during withdrawals too. Withdrawal happens seamlessly and fast

, Italy.

I prefer this broker for trading crypto currencies because of low spreads on these assets and generally low costs of trading. As per my experience, I think that this broker is offering very good conditions including not only low spreads, but also possibility to use ea for trading crypto currencies. Here I can trade cryptos on an ecn account, where I have $1 fixed cost per lot, which is traded $100K worth of crypto. There are also spreads on coins, but they are indeed minimal. Highest spreads are on BTC, which can range between 10-20 pips, but not higher. Altcoins have really low spreads where they range mostly below 1 pip, while eth can go up to 4 pips. For my trading strategy, these costs are indeed low, also considering that I have several deals during the day. With this broker I have managed to significantly decrease costs of trading cryptos and in the same time, to increase my profitability. Hope that it will be so also in the future

, India.

I used to think that every broker cheats with a little pip shift before I got here, I was surprised to see that my executions were instant and my orders are usually filled to the exact point that I wish most of the time. Scalping and long term strategies work here

, Romania.

I find that this is good broker for trading forex due to tight spreads, low costs and good platform. My MT4 is operating here without any sort of interruptions in work, even during time of high volatility. I am daily trader, usually have several deals on a daily basis, so low costs for me are one of the major requirements. With this broker I have found some of the lowest costs of trading, which is one of the reasons why I have opened account. With ecn account I have fixed fee of $1 per traded lot, or $2 for round lot. Micro lots are also available, so for 0.01 lot, fixed fee is $0.01, which is so low that it does not make almost any impact on my profits. There are also very small spreads on major fiat currencies, ranging only few pips.

, Spain.

It allows different types of traders. It allows short term traders, investors, ea traders. This quality makes it superior to many brokers that I have used in the past. The broker also grants high deposit bonus which I was able to withdraw after meeting the criteria to withdraw it

, Hungary.

The broker getting liquidity from 20 tier-1 liquidity providers assures me that it is a no dealing desk broker and I can trust it more. No wonder it has zero spreads and very low commission

, Greece.

In my opinion, this broker offers more than fair conditions for forex trading. I am a scalper, trading with this broker for the last three months. ECN account costs are indeed minimal. There are no spreads on major fiat, there is only $1.0 commission per traded lot. What I also prefer with this broker is that here I can have multiple accounts and switch funds between them, when needed. It is also good that there are no commissions on deposits nor withdrawals

, Bulgaria.

It accepts crypto, stable coins, instacoin, Vload, credit cards, debit cards, and bank wire for withdrawal. Brokers that provide such do it for convenience. The most convenient for me so far is cryptocurrency and it has been quite fast too. Deposit is usually instant and withdrawal only takes a few hours

.

Execution of trades comes at a good speed for the ECN and the standard account. The speed is usually below 0.5 seconds from my experience. Even when many orders are to fill at the same time, the execution process does not lag

, England.

News releases are usually prompt. I had to stick to this broker for news trading, especially important trading news. News is released at the exact time and not usually delayed by any minute. The news releases here are faster than the ones from some forex media houses. I am more comfortable checking for news here than checking from forex street, investing.com or forex factory

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

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