GMI Edge is a broker founded in 2009 and registered in Vanuatu with an unverified license from VFSC. It offers various instruments: Gold, Oil, Silver, Forex, Indices, and Stock CFDs. It also provides multiple account types: ECN Account, CENT Account, Standard Account, and a demo account, with a low minimum deposit of $15 (for the CENT account). Moreover, GMI Edge offers competitive spreads starting from 0.0 pips, high leverage of up to 1:2000, and access to MT4, MT5, GMI EDGE, and Multi-Account Manager (MAM).

Pros and Cons

Is GMI Edge Legit?

At present, GMI Edge holds a unverified Retail Forex License from the Vanuatu Financial Services Commission (VFSC). Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on GMI Edge?

On GMI Edge, you can trade with Gold, Oil, Silver, Forex, Indices, and Stocks.

Account Type

GMI Edge provides ECN Account, CENT Account, Standard Account, and Demo Account. And the min deposit requirement is as low as $15 (CENT account).

Leverage

The maximum leverage is up to 1:2000. However, note that high leverage amplifies both profits and losses.

Fees

Trading Platform

Deposit and Withdrawal

Note: At this time, we only have a cursory look at Turnkey Forex as the company's official website (https://turnkeyforex.com/ ) does not open properly.

Screenshot time: 02/03/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

Turnkey Forex is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Trading platforms

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Account types

Turnkey Forex provides two types of account, ECN and STP. Their mayor differences consist in spreads and commissions. The ECN account has a commission of 1 USD per lot but lower spreads, while the STP account requires no commissions buy a higher level of spreads.

Customer support

The support service provided by Turnkey Forex is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: CONTACTUS@TURNKEYFOREX.COM

Phone Number: +44 2032876620

Address: 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, Mauritius

Users exposures

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Frequent asked questions about Turnkey Forex

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

How much leverage does this broker offer？

The maximum leverage of Turnkey Forex is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.