Forex Turnkey Forex Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Turnkey Forex Trading Conditions

Registered Region Mauritius

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email CONTACTUS@TURNKEYFOREX.COM

Contact Number +442032876620

Website turnkeyforex.com

Balanced Review

Pros & Cons

Pros

Variety of trading instruments: Forex, Commodities, Indices, Cryptocurrencies
Access to popular trading platforms: MetaTrader 4 and MetaTrader 5
Account types: ECN and STP to cater to different trader needs
Low minimum deposit requirement set at $10
Commission structure: $1 per lot for ECN accounts

Cons

Lack of effective regulation
Potential risks associated with trading
Limited customer support options
Higher spreads on certain account types
Uncertain withdrawal process

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Turnkey Forex	KCM Trade	MH Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Mauritius	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Turnkey Forex Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
ECN Account	Experienced traders	Low spreads, commission-based	Requires sufficient trading volume
STP Account	Beginners and casual traders	No commissions, higher spreads	Suitable for small-capital practice

Account Opening Process

To open an account with Turnkey Forex, prospective clients must submit personal, employment, and financial information. This process includes identity verification, which typically requires a valid ID and proof of address. Additionally, clients may have the flexibility to upgrade to a professional account in the future based on their trading activity and needs.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	From 0.0	$1 per lot	Tight spreads available
CFDs (Stocks, Indices, Commodities)	Variable	$0	Dependent on asset
Cryptocurrencies	Variable	$0	Market volatility impacts spreads

Other Fees

Traders should also be aware of potential additional costs, including deposit and withdrawal fees, inactivity fees, and overnight interest (swap rates). Currency conversion fees may apply depending on the transaction specifics.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Turnkey Forex User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

New York, USA

★ ★ ★ ★ ★

I had a terrible experience with Turnkey Forex. The withdrawal process was very slow, and I faced numerous delays. Their customer support is also lacking; I couldn’t get any help or clear answers to my inquiries. I wouldn’t recommend this broker to anyone.

Emily Smith

London, UK

★ ★ ★ ★ ★

Overall, my experience with Turnkey Forex has been positive. I appreciate the variety of trading instruments available and found the MetaTrader platforms easy to use. The execution speed is commendable, but I do wish their customer support was more responsive.

Michael Johnson

Sydney, Australia

★ ★ ★ ★ ★

I was drawn to Turnkey Forex because of the low minimum deposit and the range of trading options. However, my withdrawals took longer than expected, and I found the support team to be unhelpful when I needed assistance. I’m considering looking for another broker.

Sarah Lee

Toronto, Canada

★ ★ ★ ★ ★

Turnkey Forex has been great for me! I love the ECN account with low spreads and the robust features of MT4. I’ve had a smooth trading experience so far. Just wish they had more support staff available.

Mauritius Market