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

    Abstract: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.
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      What WikiFX is

    WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.
    WikiFX is able to evaluate the safety and reliability of more than 34,000 global forex brokers.
    WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en)
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      About Turnkey Forex

      Registered in 2016, Turnkey Forex is an online forex broker offering a wide range of market instruments, including forex, currency pairs, commodities, indices, and cryptocurrencies. Turnkey Forex has its headquarters in London, UK. The specific address of this broker is 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, Mauritius.

      Is Turnkey Forex legit?

      No, Turnkey Forex is not legit. It is an unregulated broker that recently doesn't hold a legitimate license. According to WikiFX, this broker has been given a very low rating of 2.08/10. An unlicensed broker with such a low score is likely to take your money away fraudulently. We advise traders to avoid the potential risks.

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      Account Types

      Turnkey Forex has two accounts, they are STP account and ECN account. According to the Turnkey Forex website, ECN and STP accounts are exactly the same, the only difference being that in the STP account, the commission charges are included in the spread, while in the ECN account, there are raw spreads and a very low commission. To open an account, the minimum balance is $10.

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      Leverage

      This broker offers clients leverage of up to 1:500. it is considered high. Note that high leverage can amplify profits as well as losses. It is unsuitable for inexperienced traders to invest in this broker.

      Spreads & Commissions

      The minimum spreads for the STP account start from 0.2 pips. The commission for ECN accounts is $1 (per side) per standard lot. Commission on cryptocurrencies is $1 per $100K and on stock, indices are 0.1$ per lot. The commission for STP accounts is $0.

      Deposit&Withdrawal

      Traders can deposit money from this broker via Crypto payments, instacoin, and Vload, and withdraw money via Cryptocurrency, PayPal via Coinbase, and VLoad. However, you have to pay an extra fee in order to withdraw. If you deposit money via Crypto payment and Vload, the minimum deposit fee is $10. If you deposit money via instacoin, the minimum deposit fee is $50.

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      Customer Support

      there is a customer support team that is available 24/7.

      Trading Platform

      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.

      Feedback on Twitter

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    •   There is an official account of Turnkey Forex on Twitter. It was registered in 2016 and has 54 followers recently.

    •   There is one trader who praised Turnkey Forex on Twitter. We dont know if he is a shill of Turnkey Forex.

      Exposure on WikiFX

      Currently, there are no traders‘ complaints related to Turnkey Forex received by WikiFX. However, it doesn’t mean that you can fully trust this broker.

      Conclusion

      WikiFX doesn't advise traders to invest in unregulated brokers. Turnkey Forex is an unregulated broker that no one can hold this broker accountable for if something goes wrong. We advise investors to do more research before making a decision. If you want to know more information about the reliability of certain brokers, you can open the WikiFX website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

      Click on Turnkey Forex' WikiFX page for details

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
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    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

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    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.