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Forex broker services can also be provided for institutional clients and large companies such as investment banks. Solead is the Best Blog & Magazine WordPress Theme with tons of customizations and demos ready to import, illo inventore veritatis et quasi architecto. Support is working, and this is the most active support I have seen since https://www.xcritical.com/ I have been trading forex.

Lack of Customer Support Channels:

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from turnkey forex our partners. Turnkey Forex accepts clients from all over the world, excluding some countries where restrictions apply.

• However, I took a good full time job which takes a lot of my time during the day, so I had to quit trading.
• They are headquartered in London, but are not regulated by any government agency.
• In the sections below, we’ll introduce you to Turnkey Forex – a low-cost, no-nonsense forex broker.
• This includes CFDs on forex, commodities, indices and some cryptos.
• Have just made one withdrawal till date, which was quite swiftly done.

Nice Broker, that offers both Mt4 and Mt5 trading platforms

Similar to MetaTrader, it is fully customizable, so you can see live risk reports, prices, combine charts, and many more. Traders can use trading techniques such as scalping, hedging, automated trading with EAs, and news trading. Turnkey Forex allows traders to download MT4 and MT5 mobile apps free of cost. Turnkey Forex accepts clients from all over the world, including the US. An account with Turnkey Forex can be opened in merely five minutes.

Turnkey Forex Fees, Spreads, and Commission

Due to advanced price aggregating technology, the pure ECN account provides the tightest spreads and low commission along with the best execution speeds that the broker has to offer. An ECN network is a link of different participants in the forex market, such as investment funds, banks, individual traders, etc. The ECN technology allows traders to specify the conditions at which they are ready to conclude the deal and the volume of the order is only limited by the market liquidity. This gives a trader the opportunity to easily execute large-volume orders.

What is the minimum deposit required to open an account with Turnkey Forex?

Withdrawing funds from your trading account should be straightforward. Simply raise a withdrawal request from your client portal and your request will be processed in maximum 24 hours. I think they could improve by adding some more funding options such as digital wallets.

Turnkey Forex Trading Platforms

They provide telephonically and live chat support during standard working hours and e-mail response with 6 hours of receiving the query. On their platforms’ page, TurnKey Forex has also given some information on Social Trading and Trade Station. The former is a very popular trend happening at the moment within the financial market. Unlike the traditional trading that most of us are used to, social trading makes things much more interactive and offers a lot of advantages for its users.

Is Turnkey Forex good for forex trading?

The platform is designed to provide a seamless trading experience, with all the necessary tools and features easily accessible. Whether you are a beginner or an experienced trader, you will find the platform intuitive and easy to navigate. In the world of forex trading, having a reliable and efficient trading platform is crucial for success. One such platform that has gained popularity among traders is the Turnkey Forex Platform.

Turnkey Forex Review – Company Information

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.

How Does Turnkey Forex Compare?

According to research in South Africa, Turnkey Forex is an online forex and cryptocurrency broker established in 2016 and headquartered in London. Traders just need to raise a withdrawal request from the client portal and the request will be processed in a maximum of 24 hours. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page.

You can input the amount needed in the demo account when creating it and test your trading strategies until you build enough confidence to consider making the switch to a real account. With the Commission Free STP account, you can experience reliable trade execution speeds and low spreads. The STP account is exactly the same as the ECN account, with the only difference being that in STP account, the commission charges are included within the spread. There is no other commission/charge and no difference in any other trading condition.

The broker provides the options of managed (MAM) accounts, social trading platforms and a free virtual private server (VPS) to support clients in their trading activities. They are however lacking regulation which should make traders think twice about using them. Turnkey Forex is an unregulated broker located in Quatre Bornes in Mauritius. This broker offers a variety of five different accounts that clients may choose from, and they also have some attractive bonuses on offer at the moment.

Overall, I do see some potential with Turnkey Forex, especially when it comes to trading forex when you require tight spreads and low commission fees. The main downside from my perspective is the lack of regulation but the broker has made adequate efforts to secure clients’ funds and provide a conducive and secured trading environment. Also, the lack of a training academy is not helpful to beginners either. I also couldn’t find any daily market analysis or insights to help inspire trade ideas. That being said, all strategies, trading systems and styles are supported. If you are just looking for easy market access to scalp the forex market or run automated strategies and don’t mind the lack of regulation, then they may be worth a look.

Turnkey Forex has partnered with third party VPS providers in order to provide reliable, low latency connections to the trading servers on a 24/7 basis. I really appreciate this service as it is beneficial to users of automated strategies and other clients who desire steady access without power, hardware or internet interruptions. The Turnkey Forex VPS is free for those of you who maintain a balance of $5,000 and above. Otherwise, the reasonable monthly subscription of $25, $45 or $80 applies. The subscription fee depends on the speed and the power of the server that you opt for. I have a dedicated Forex VPS form a third-party provider and find it to be an invaluable tool for running my automated systems around the clock.

The quickest way to reach them is the instant live chat on the website, but you can also reach the team via mail or phone (the US or UK phone number). Perhaps one aspect that could be improved is to extend customer service to 24/7, considering that some markets (like cryptocurrency) are open 24/7. The main difference consists of whether your strategy would benefit from tight spreads and a low commission, or a higher spread with no commission. This eventually boils down to the volume traded and your specific objectives, but the costs are similar. Perhaps the best way to find out which one suits you is to open a demo account and compare your costs of trading using both types.

Turnkey Forex offers competitive trading conditions, including low spreads and fast execution speeds. The broker utilizes advanced technology to ensure speedy order execution, minimizing slippage and latency. This is crucial for beginners as it allows them to enter and exit trades quickly, reducing the risk of losses due to price fluctuations. When it comes to trading platforms, Turnkey Forex offers the popular MetaTrader 4 (MT4) platform. MT4 is known for its user-friendly interface and advanced trading features, making it an ideal choice for beginners. The platform is available for desktop, web, and mobile devices, allowing traders to access their accounts anytime, anywhere.

I am impressed at how the company is interested in helping its customers through different things. Having very active support is also a strong reason why I trust them. The minimum deposit needed to trade is 0.0003BTC or equivalent cryptocurrency that turns out to be $10 (approx). Demo accounts are available on Turnkey Forex, where traders can use virtual funds for practice purposes.

Additionally, Turnkey Forex provides a secure trading environment by implementing advanced encryption technology to protect client funds and personal information. They also offer segregated client accounts, which means your funds are kept separate from the broker’s own operating funds. Since I have relatively larger number of deals on a daily basis, I have tested this broker for a month on a demo account in order to be certain that it can sustain my trading strategy.

Turnkey Forex offers a wide range of trading instruments, allowing traders to diversify their portfolios. They provide access to major currency pairs, as well as a variety of CFDs (Contracts for Difference) on indices, commodities, and cryptocurrencies. It is quick and easy to deposit funds into your Turnkey Forex trading account. Funds can be deposited using a wide range of payment methods including Credit Cards, Debit Cards, Cryptocurrencies (including Stable Coins) and Bank Wire Transfer.

This website contains detailed information on crypto currencies, forex, contracts for difference (CFDs), stocks, commodities and indices. Additionally, you will find information on various brokers, global markets and exchanges, and investment firms. All financial instruments are fraught with risks and must be understood well before an investor starts trading. This would ensure maximizing the profits and minimizing the losses. Traders who maintain a balance of $5,000 and execute a minimum of 10 round mini lots every month are eligible for free EA from Turnkey Forex. The EA provided by the broker is fully customized depending upon the answers that traders give to the questions asked for selecting the EA.