Turnkey Forex provides a trading opportunity on STP/ ECN execution model to trade 85 currency pairs, CFDs on commodities, ETFs, indices, and shares.

Is Turnkey Forex a scam or legit broker?

No, it is not safe to trade with Turnkey Forex as it is an offshore company. TurnKey Forex is a registered trading name of TurnKey Forex Limited and as stated on the website headquarters in Mauritius.

Mauritius is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial establish capital which is usually not more than $2,000, to pay a fee, and within a 2-3 month, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers.

The company claims to be a technology-driven broker, which enters into liquidation and availability to trade through APIs, Robots along with the VPS hosting for better results and other attractive, sophisticated tools. Moreover, the company seems to be extremely customer-oriented with attractive trading costs as well as employed supportive levels through delivered value with no sales culture or commitment to the safety of funds.

Apart from the competitive proposal, the brokers of that self-regulatory nature usually target clients outside of the UK and pretend to be a reliable, well-established company. Consequently, brokers like this should be avoided, as there is a significant risk that may affect investors in a bad manner even if the operation seems to be a reliable one. Turnkey Forex Review

Rather than putting capital at risk, as well as overall trading experience, it is much better to choose among the companies that have a proven history of compliance with their registered license of reputable authorities. 

Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and FXTM

You can also share your trading experience with Turnkey Forex by commenting on this review.

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One response to “Turnkey Forex”

  1. Turnkey used to be a great place to trade. Recently in June I funded an account with $500. I ran that account and a second account up $40k plus in total equity. I requested 4 withdrawals for a total of $24,000. Those withdrawals took more then a week to receive (keep in mind they quote you 48 hours for processing) and on top of them being late, all of them were short. They never sent the full amount, each withdrawal was short between $70 and $400. The last $16k I put in for withdrawal on Monday 7/6/2020. From 7/8/2020 I requested to know when they will process my requests. They (Barry, Anthony, Support Team) told me, every day ( sometimes twice a day) they have escalated my issue to be processed by the end of they day. Every single day 1 to 2 times a day I would inquire about my withdrawal issue. Almost two weeks later I am still without my withdrawal. I also have fellow traders who are also waiting on withdrawals that are one week to two weeks late. I have screen shots of everything from my deposits, to the lies they tell me about being processed, I have everything documented. I didn’t want to go anywhere and leave a bad review, but since they are scamming traders (or until I get my money), I need to help those who are looking for a good offshore broker to not go to Turnkey Forex. If they pay I will UPDATE this post only if they stop lying on their website.

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