Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from TurnkeyForex review
About the broker
| Web: | turnkeyforex.com |
| License: | |
| Supported languages: | English |
| Year of foundation: | 2011 |
| Holder: | Turnkey Forex |
| Headquarters: | 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, 72202, Mauritius |
| Methods of contacting customer support: | |
| Contact: | CONTACTUS@TURNKEYFOREX.COM, +442032876032 |
| Deposit methods: | Bank transfer, VISA, MasterCard, Bitcoin, Neteller, Skrill, SWIFT |
| Withdrawal methods: | VISA, MasterCard, Local Bank transfers, Neteller, Skrill |
About trading with TurnkeyForex
| Minimum deposit: | 5 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Spreads: | Variable |
Underlying assets: Might be a CFD. | Forex (85) |
| Base currencies: | USD, EUR |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | Trade station, WebTrader |
| Social trading: |  |
Random reviews of competing CFD brokers: TopicMarkets, Daxioma, WealthWayInc and ChoiceBroking
Frequently Asked Questions
🧐 Is TurnkeyForex a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if TurnkeyForex is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with TurnkeyForex is very simple, just register on their website.
📱 Does TurnkeyForex offer the best mobile app for trading?
TurnkeyForex offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the TurnkeyForex mobile app.
⚖️ Would you recommend me TurnkeyForex?
TurnkeyForex is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose TurnkeyForex as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Plus500. |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with TurnkeyForex, please share it in the comments to help others to choose the suitable broker.
Trading with turnkey forex for around 2 years and never seen any delay in my withdrawals. Always processed on the same day!
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After trading forex with turnkey forex for a long time, I decided to check out cryptos with them. Getting good spreads on btcusd and ethusd. Commission is low too. The only shortcoming I’ve noticed is leverage, which is 5x. Would be great if there is more, but I’m happy with what I have.
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Started with turnkey forex for just $100. Was really impressed with the thin spreads, especially on major pairs. Thankfully, withdrawals have been very quick.
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I was scammed by Turnkey Forex. I opened an account with this scam broker and through my trading experience i built up my equity to over $400,000 and they refused to payout my funds when i requested a withdrawal. They are not registered to accept clients from the US and most of europe but continue to do so and don’t even have a bank account for their company because banks refuse to do business with them. They only take cryptocurrency deposits which makes it easy for them to steal from their customers and that is what they’ve been up to. I will be escalating this case and will get the US authorities involved. Do not take this review lightly. I will post all proof of this theft on forex peace army for those who want to know the facts behind this.
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Made an account after going through customer testimonies of the broker, getting what I actually hoped for and expected. Spreads are genuine. Slippage has been a big concern for me but with fxview I’m not experiencing any price differences. Happy with them.
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From my first day of trading, I’ve been with turnkeyforex. What I like about them is they don’t restrict any style of trading and customer support has been A1 since day one.
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Order execution is quick, almost never missed my entry & exit points. Every withdrawal, I get within 12hrs. Everything has been perfect till now.
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I chose turnkeyforex because of various reasons- timely withdrawals, superb execution and low spreads & commission charges. It is honestly the first broker with whom I have not faced any major issues while trading. Going good.
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