9.0/10
(37 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
    • ActTrader
  • 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
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
    • ActTrader
    • 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
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
    • ActTrader
    • 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

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

, 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

, Netherlands.

The commission is very low; it charges $1 for every round lot. The spread is also low compared to market average. If you need a low cost broker, I promise you that this is where you should be. It does not charge for withdrawal and deposit too. The cost is low for both the ECN and the STP account

, Netherlands.

It has more than 5 options for base currencies. It provides USD, EUR, BTC, XRP, ETH and 2 or 3 more. I have a USD and BTC. I like that the cryptocurrency base currency options are ones that are the major cryptocurrencies that can be studied and have a predictable future.

, Hrvatska.

Spreads for the indices instruments are low, many of them are not zero pips. But so far they are tight compared to many brokers I have seen. I need more indices here so that have oe options to trade

, Poland.

Cryptocurrencies are used for deposit and withdrawal transcations, the broker also accepts credit card and debit card. I have always used cryptocurrencies and it has been quite profitable. Trading forex USD pairs often. I trade USD pairs becuse I can easily interprete the fundmental and technical results of my analysis.

, Romania.

I backtest my strategies thoroughly before using them on a live account. That might be why I have consistent profit. Asides backtesting, I feel I should also commend the broker I use for providing reliable services. Even if I have the best of strategies, with a bad brokerage service, it can only lead to losses. Turnkey forex is professional in its approach to providing top-notch brokerage services; the customers support are active, the website is easy to use, the broker has MT4 and MT5 to aid trading efficiency. I personally prefer MT5, but I know there are more traders who like MT4. For now I have not had any issues with the broker and I highly recommend them to traders.

, Germany.

It's my second month with turnkeyforex and all this while I did not have any problem in trading(low spreads & commissions, minimal slippage) etc. Withdrawal is also processed quickly and without any delay. Definitely a good broker to start forex trading.

, Australia.

I have been practicing how to trade cryptocurrency, and I am improving. I know the type of fundamental analysis to follow and I have been making money. One of the major fundamental releases I follow is Elon Musk's tweets. Those tweets move the market in a big way. I also follow Tesla news and other cryptocurrency news provided by the broker. Cryptocurrency is also less volatile in comparison with forex and I prefer to trade it. I have made more money trading BTC/USD alone than I have made trading all the forex pairs combined.

, US.

3+ years of trading experience here. Was looking for brokers with higher leverage and accepting cryptos as mode for deposit. Turnkeyforex was mentioned in babypips which got my attention. Gave them a try with demo. looked all good, so decided to go live - deposited $1000 with 300x leverage. execution was smooth and no delays. With that being said, turnkey forex is yes from me.

, United States.

The live chat pops up whenever I visit the site. It makes a sound that makes it easily noticeable and for the time I have contacted the customer support through it I have been comfortable with the results I got. The spreads here are tight and the platform is well created. The app works well on my phone. Making trade analysis on my phone was easy, it is also easy to make analysis on my laptop too. So far I have no issues here

, USA.

The live chat pops up whenever I visit the site. It makes a sound that makes it easily noticeable and for the time I have contacted the customer support through it I have been comfortable with the results I got. The spreads here are tight and the platform is well created. The app works well on my phone. Making trade analyses on my phone is easy, it is also easy to make analysis on my laptop too. So far I have no issues here

, France.

Trading is hard work and it should be treated as such. Many young people come into trading thinking they would make a million dollars with just a $100 trading account.. It is practically impossible. Turnkey is a good broker but many people are greedy and they make impossible trades or have unnecessary expectations with their trades and they conclude to say that the broker is turning trades against them. I believe that Turnkey provides transparent brokerage services with the interest of the clients at heart. I can say this because I have been trading here for a long time. I became consistently profitable in forex after losing money for more than 2 years. My advice to the younger ones is to follow and trust the process, never give up.

, Netherlands.

The broker appreciates people for referring them though the referral bonuses they offer their clients. I also got a 100% bonus when I made my first deposit. The platform seems good for me and I am comfortable with the services. My wife also uses the same broker. She started trading forex before I started and she is my trading mentor. I started using Turnkey because she is using the broker, she taught me how to check for a good broker and how to know when a broker is fraudulent. From the test, I have found Turnkey okay. In my view, the only downside to this broker is that it does not give enough bonuses to its clients.

, Canada.

Started live with this broker around 9 months back. The experience has been above satisfactory so far.

Spreads – competitive

Support team – quite helpful

Have got all my withdrawals in time, just 1-2 took some extra processing time, may be due to the mode I had used. But other than that, turnkey forex gets a green signal from my end.

, United States.

Turnkey used to be a great place to trade. Recently in June I funded an account with $500. I ran that account and a second account up $40k plus in total equity. I requested 4 withdrawals for a total of $24,000. Those withdrawals took more then a week to receive (keep in mind they quote you 48 hours for processing) and on top of them being late, all of them were short. They never sent the full amount, each withdrawal was short between $70 and $400. The last $16k I put in for withdrawal on Monday 7/6/2020. From 7/8/2020 I requested to know when they will process my requests. They (Barry, Anthony, Support Team) told me, every day ( sometimes twice a day) they have escalated my issue to be processed by the end of they day. Every single day 1 to 2 times a day I would inquire about my withdrawal issue. Almost two weeks later I am still without my withdrawal. I also have fellow traders who are also waiting on withdrawals that are one week to two weeks late. I have screen shots of everything from my deposits, to the lies they tell me about being processed, I have everything documented. I didn't want to go anywhere and leave a bad review, but since they are scamming traders (or until I get my money), I need to help those who are looking for a good offshore broker to not go to Turnkey Forex. If they pay I will UPDATE this post only if they stop lying on their website.

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