TurnkeyForex review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared TurnkeyForex with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders.


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
Readers' rating1 Vote
98
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:E-mail
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: Yes
MetaTrader 4:Yes
Other trading platforms:Trade station, WebTrader
Social trading:No

Random reviews of competing CFD brokers: TopicMarkets, Daxioma, WealthWayInc and ChoiceBroking

Leave A Review
Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
87
Spread and fees
87
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
87
Customer support speed, availability, availability in the language you speak
87
Based on 8
87
Average rating from reader reviews

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.

Is this an ad?

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.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating366 Votes
81
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
Readers' rating636 Votes
79
50 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
78% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating711 Votes
86
0 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.

* 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 78% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

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.

TurnkeyForex review & user ratings

Forum, opinions and user reviews

  1. Robert Barnes says:
    100
    Fast Withdrawals

    Trading with turnkey forex for around 2 years and never seen any delay in my withdrawals. Always processed on the same day!

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0
  2. Christine Hodges says:
    100
    Using for crypto trading

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0
  3. Lydia Matthews says:
    100
    Low-cost broker

    Started with turnkey forex for just $100. Was really impressed with the thin spreads, especially on major pairs. Thankfully, withdrawals have been very quick.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0
  4. Jesse says:
    0.3
    SCAMMED BY TURNKEY FOREX

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    0
    Spread and fees
    0
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    1
    Customer support speed, availability, availability in the language you speak
    0
    0
    0
  5. Judy Bishop says:
    100
    Good

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0
  6. Lary Lauv says:
    100
    Best customer support!

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0
  7. TradeCap says:
    100
    Good broker

    Order execution is quick, almost never missed my entry & exit points. Every withdrawal, I get within 12hrs. Everything has been perfect till now.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0
  8. Gary G. says:
    100
    Good broker!

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    100
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    0
    0

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