9.4/10
(50 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

Turnkey Forex Reviews

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

, Bulgaria.

I enjoy trading with Turnkey FX as they offer extremely fast withdrawals as opposed to some brokers that are quick to take deposits and slow to payout. Traders trade to get paid. I recomend Turnkey FX to traders that want to enjoy fast withdrawals.

, Spain.

No hidden charges noticed yet. And the general charges are low. They do not charge for withdrawals or deposits. They do not charge for price quotes and almost all the services are free. Stocks also charge as low as $1 for 100k in trade volume. This is a big deal.

, Greece.

Turnkeyforex gets liquidity from teir-1 liquidity providers. All its prices are in real time and they all come in tight spreads. I recommend this service

, Portugal.

Coming from a broker who didn't offer such, Turnkey forex protection from negative balance gives me a lot of ease and safety. I had a sore experience I will never forget with the broker I was using when I held a trading positions through NFP. I didn't just blow my account, but sadly I ended up with a negative balance with the broker

, Serbia.

They have one of the lowest trading costs compared to all the brokerage firms I've used in the past. Their spreads on the majors are ultra-tight and swaps charged on holding positions overnight are relatively low. Great experience with them

, United States.

Trades against you regardless of what they tell you and advertise about stp and ecn...all off-shores do this.

This is a legit review first off.

Funding easy with BTC.

Withdrawals (still waiting on my last) are one business day, not same day as they advertise.

Problem: Unless you aren't consistently profitable you most likely will not experience this.

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.

Yes, as with all brokers off and on - shore they are your counterparty regardless of what they advertise.

However how they hedge is the difference. This broker directly trades against profitable traders once they reach a threshold.

Do not discount that you are only trading 1 lot or even less. There is not limitation - I stress this.

They do not know that there are real traders able to distinguish and given enough time with 99% accuracy they are going against you.

Turnkey is a larger off-shore that offers their services to smaller off-shore startups. This should tell you something.

My trades have been the exact catalyst for some of their most insane market making stunts. Again, do not underestimate this broker's ability. It will get worse with less liquid currencies.

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.

It will come to a point where the only viable trade is on news where their market making cannot hold the volume. Even in high volume settings they were able to do incredible moves against me.

Make your money and get out if you have to use this off-shore. I suspect there's more to this company than just the Turnkey brand as well.

Do Not Recommend Long-term.

, 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.

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