Global Forex Broker Regulatory Inquiry APP

Score

2.09 /10
Danger

Turnkey Forex

United Kingdom

2-5 years

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

High potential risk

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Score

License Index 0.00
Business Index 6.84
Risk Management Index 0.00
Software Index 7.98
Regulatory Index 0.00
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Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Regulatory disclosure

Warning

ID BAPPEBTI
2022-02-02
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Contact number

English

+44 2032876620

Broker Information

More

Company Name

Turnkey Forex

Company Abbreviation

Turnkey Forex

Platform registered country and region

United Kingdom

Company website

Twitter

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Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2023-05-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Turnkey Forex · Company summary
Registered in UK
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments Forex, Commodities, Indices, Cryptocurrencies
Minimum Initial Deposit $10
Maximum Leverage 1:500
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5
Deposit and withdrawal method Information not available
Customer Service Email/phone number/address
Fraud Complaints Exposure No for now

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 of WikiFX

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

trading platform

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.

account types

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.

News

WikiFX Review: Turnkey Forex- If you don’t know now you know

NewsWikiFX Review: Turnkey Forex- If you don’t know now you know

2022-05-24 16:33

Recently Turnkey Forex has become a trending topic in forex markets. But can you withdraw money from Turnkey Forex? Is Turnkey Forex legit in your country? WikiFX made a comprehension review on Turnkey Forex to help you better understand this broker. we will analyse the reliability of this broker from specific information, regulation, exposure and etc. Let’s get into it.

WikiFX
2022-05-24 16:33
News
WikiFX Review: Turnkey Forex- If you don’t know now you know
WikiFX report: Turnkey Forex News

NewsWikiFX report: Turnkey Forex News

2022-04-05 15:23

Turnkey Forex clearly did none of the above, and could not even be considered a broker, but rather a foreign exchange market con. If Turnkey Forex offers higher leverage than this, it's a red flag that business could be a scam. Turnkey Forex is more likely to be a scam if it involves a higher-than-average investment. A legitimate broker will usually ask around $5 to $10 in exchange for their services.

WikiFX
2022-04-05 15:23
News
WikiFX report: Turnkey Forex News

User Reviews

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5

Comments

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FX1251413675
more than one year
SCAM !! SCAM !!! SCAM !! Unfortunately, I fell for the scam but luckily only for $250, they have been hounding me for months trying to get me to invest more money which obviously I haven’t.
2023-02-21 18:21
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0
0
问天、情无语
more than one year
Low initial deposit of $10 is super friendly. One of my friends recommended this one to me. But are you kidding? I tried to enter into their official website but failed. A big “404” showed up…
2023-02-14 10:05
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0
0
陌生人9267
more than one year
Although their minimum deposit, leverage, spread and other trading conditions are very attractive, I am of the opinion that security is the most important issue. According to wikifx, Turnkey Forex does not have any regulatory information, so I suggest everyone be cautious.
2022-11-28 17:21
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0
0
海纳百川21498
more than one year
Stay away from unregulated Turnkey Forex! No matter how good the trading conditions they advertise, please don't give them your money easily because there is no security. Once they shut down their website and trading platform, you will never get your money back. Please be sure to choose a broker with legal regulations!
2022-11-25 18:35
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0
0
FX1059527891
more than one year
Two years ago, I opened a trading account with this Turkey forex and significantly increased my equity through profitable trades. When I went for a withdrawal, they came up with unbelieve reasons to avoid paying me and tried to use threats to keep me silent, after combatting for months to get my money and exposing them publicly on trading forums, they got me to enter a payment arrangement, which is a red flag. A real broker doesn’t need payment arrangement. Stay away from it.
2022-11-25 15:59
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0
0
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