General Information & Regulation
Turnkey Forex is a forex and CFD broker that offers online trading. Launched in 2016, Turnkey Forex has its headquarters in London, UK, and there is a customer support team that is available 24/7. Turnkey Forex is so far not subject to any valid regulation. Still, Most experts and professional traders would not trade with an unregulated broker.
Turnkey Forex offers investors access to trading instruments including Forex currency pairs, commodities, indices, and cryptocurrencies.
Turnkey Forex offers traders two types of accounts: the STP and ECN Accounts. The minimum initial deposit required by this broker is only $10, which sounds quite reasonable for most regular traders.
Turnkey Forex Leverage
When we talk about the trading leverage offered by Turnkey Forex, the maximum leverage level available is relatively high, reaching up to 1:500. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
The minimum spreads start from 0.1 pips for EURUSD, 1 pip for EURGBP, 1.6 pips for GBPCAD, 0.25 pips for XAUUSD, 0.015 pips for XAGUSD, 1.3 pips for D30EUR, and 2 pips for U30USD. The commission for ECN accounts is $1 (per side) per standard lot. Commission on cryptocurrencies is $1 per $100K and on stock indices is 0.1$ per lot.
Turnkey Forex offers traders a wide range of trading platforms, including the industry-leading MT4 and MT5 trading platforms, as well as web terminals, mobile apps, and ActTrader, to meet a wide range of traders needs.
Deposit & Withdrawal
Turnkey Forex welcomes traders' payments using cryptocurrencies, in addition to Instcoin (minimum deposit of $50, minimum withdrawal of $10), VLOAD (minimum deposit of $10, minimum withdrawal of $100), wire transfer, and VISA for withdrawals and deposits.
Turnkey Forex alleges its client support desk is always available to assist clients on a 24/7/365 basis. A quick way to reach the support desk is through the instant web chat on the website.