Turnkey Forex is an fx trading platform that was established in 2009. It has headquartered in London and offers a range of financial instruments including commodities, cryptocurrencies, indices and forex. It proves to be a reliable forex platform as it has more than 60,000 traders who are using the Forex products and services to trade in the global markets every day. It delivers exceptional services to their clients as it has clients in more than 150 countries across the globe.
The platform is open for all as it allows traders to avail the best trading experience with Turnkey Forex. It is possible only because of advanced technology, excellent customer support, fast services and many more.
|Forex Broker||Turnkey Forex|
|Headquarters||Quatre Bornes, Plaines Wilhems, Mauritius.|
|Minimum Deposit||5 USD|
|Accounts||ECN, STP, Swap Free, Micro, VIP|
|Trading Platform||MT4, Trade Station, Mobile Platforms|
|Trading features||MAM, VPS Hosting, Social Trading|
IsTurnkey Forex Scam or Legit?
Turnkey Forex has been registered with the name of Turnkey Forex Limited.
Obviously, before indulging in trading, everyone thinks about whether the forex broker is regulated or registered with any centralized authority or not. After going through the official website of Turnkey Forex, the platform is unregulated or uncertified from any centralized authority. However, the information regarding registration or regulation is not mentioned on the official website of TurnkeyForex. So, we won’t be able to evaluate whether it is legit or a scam.
According to the reviews and ratings of TrustPilot, we can say that the forex trading platform holds a good position in the financial market as the customer has given positive reviews, and the platform received a 4.6-star rating on Trustpilot.
Pros and Cons of Turnkey Forex
If you are thinking of trading with Turnkey Forex platforms. Let’s have a closure look of both sides of the platform
|Various Financial instruments are available including commodities, indices and cryptocurrencies||Unregulated and Unauthorised|
|It is available on different platforms i,e. MetaTrader 4 & 5 Web Terminal and Mobile App||Not feasible for novice trader as the information is not content is not mentioned properly|
|Secured platform as SSL has been used Turnkey Fores||No updates or insights for daily marketing analysis|
|Spread begins from as low as 0.0 pips||Non-FX trading instruments are limited|
|24 * 5 Chat Support Available|
|Same Day Withdrawal|
|The facility of free demo account is available for practising trading online|
Top Security Features of Turnkey Forex
Everyone prefers to choose the regulatory authorised bodies for trading as it offers users and clients safety and security. In Spite of unregulated or unauthorized platform Forex Turnkey has some of the security features that are mentioned below:-
The forex platform gives security assurance as it has used Secure Socket Layer (SSL) encryption that helps protect clients’ or users’ sensitive information or personal information. Also, hackers won’t be able to steal personal information or malicious attacks that often happen during transactions over the internet.
The funds of clients are maintained segregately in the top banks. However, these funds are entirely different from the brokerage firm’s account and the broker should not use or touch in any conditions. If in case the broker is in huge debts still he does not touch clients’ segregation accounts to bear his losses.
Types of Trading Accounts Turnkey Forex Offering
For the ease of customers or traders, Turnkey Forex is offering a wide range of trading accounts i.,e Demo. ECN, Micro, Swap and just a name to few.
When you are going to choose the trading account, it totally depends on the investment size or what you have chosen with commission fee or without paying a commission fee.
Micro Account is specifically for the novice traders who want to start trading or in the initial phase of trading. Some of the outcomes of micro account are mentioned below:-
- A minimum of $5 balance is required
- Spread Ranges from 0.2 pips to 1:200.
- $8 Commission Fee For Each Trade
Swap Free Account
Swap Free Account is only for the people who aren’t interested in swapping rates when the market opens at midnight. Some of the possible outcomes of swap free account are as follows:-
- A minimum of $100 balance is required for opening the account
- Trade spreads starts from minimum of 1.0 pips and as high as 1:200
- Commission Fee are not chargeable
Straight Through Processing Account
STP Account is for traders who want to shift to the live trading environment. Some of the features of STP are as follows:-
- Open an account with a minimum of $200 balance
- No commission fee
- Low Spreads begin at 0.2 pips
- Maximum Leverage upto 1:200.
Electronic Commission Network (ECN)
For traders that are looking for great spreads Electronic Commission Network( ECN) is the best account for them. Some of them are mentioned below:-
- Low spreads begin at 0.0 pips
- Maximum Leverage is upto 1:400 pips.
- A fee of $2 as a commission is being charged at $2 per $100,000 per trade
- Best For Enhancing Profitability
Open Demo Account with Turnkey Forex
Turnkey Forex is offering traders to open a free demo account on its official website. It is the best account for people who have interest in learning trade. The benefits of a demo account are as follows:-
- No Minimum Balance is required to maintain
- Traders can test the features of the platform
- No commission fee
How to Deposit Funds With Turnkey Forex?
With the Turnkey Forex platform, you can easily deposit the funds into your trading account and you should deposit a minimum $10. The platform accepts an array of payment methods that includes Debit Cards, Credit Cards, Cryptocurrencies, VLoad and Bank Wire Transfer. We have attached the screenshot below which helps you to understand the details of depositing funds in a better manner;-
Are trading Platforms Available at Turnkey Forex?
The Turnkey Forex supports various platforms including MetaTrader 4, MetaTrader 5, Web Terminal and Mobile Applications. These platforms provide flexibility to users as they can choose the platform as per the trading requirements. Let’s have a quick look of these platforms:-
At Turnkey Forex official website, it has MetaTrader 4 platform, which is the world’s most popular trading platform that has various exciting features to offer:-
- It has a user-friendly interface
- Users can access trading platform from any corners in the world
- Indicates Real-Time Pricing & Charts
- You can open a maximum of 10 charts at the same time
- You can view real-time charts & graphs
Metatrader 5 is the upgraded version that has developed with the newest and advanced technology trading platforms. The exciting features are:-
- Modern traders can trade in forex, indices, commodities, and cryptocurrencies
- It is based on intuitive and modern approach
- It comes up with upgraded features in areas of copy trading and mobile trading
- With the implementation of upgraded features makes trading platform more efficient and effective
Web Terminal is a great choice for Forex traders who are searching for browser based trading solutions. It has many exciting features that are
- The platform has used cutting edge technology
- It is a user- friendly platform
- It allows traders to access the platform directly from web browser even without downloading the software
- Traders can view the trading activities on live and demo accounts through MT4/MT5 platform
- Spreads begins from 0.0 Pips
- You can view the live streaming of prices
How Good is the Customer Support of TurnkeyForex?
The customer support system of Turnkey Forex platform is pretty good. Turnkey Forex cares for their customers that’s why the platform is offering 24/5 Live support. You can connect with customer representatives either through call or chat in the duration of 24 hours and 5 days. Furthermore, you can also visit the official website of Turnkey Forex where you can click on Contact Us. You have to fill in the details like Name, Phone Number, What’s your purpose and the representative will be in touch with you as soon as possible during the official working hours.
What is Turnkey Forex?
Turnkey Forex is a trading platform that deals in different types of financial instruments such as cryptocurrencies, securities, commodities and forex. It proves to be a reliable platform as SSL encryption is used in order to protect the trader personal information safe and secure.
How much commissions does Turnkey Forex charge?
Turnkey Forex broker charges $1 per lot for ECN accounts whereas $0 for STP accounts.
Is TP Global Forex a Scam?
Yes, TP Global Forex Broker is a scam as it is evaluated and analysed from various resources and research findings. Any authorised authority does not regulate the forex broker website as it is one of the major reasons that traders won’t be able to trust the forex trading platform. Furthermore, the platform is not following the proper rules and regulations of trading.
Is Veracity Markets Legit?
Yes, Veracity Market is a legit broker in forex trading as it is approved by the Financial Service Provider (FSCA). When people search the platform for trading, the first thing that comes to their mind is whether the platform is regulated or not.
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