Turnkey Forex
Turnkey Forex Broker Overview
Here is every key fact about Turnkey Forex in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | Turnkey Forex |
|---|---|
| Broker name | Turnkey Forex |
| Foundation year | 2016 |
| Headquarters | Canada Square, Canary WharfLondon E14 5LBUnited Kingdom |
| Country | United Kingdom |
| Telephone | +442032876032 |
| Email / Skype | contactus@turnkeyforex.com |
| Regulated by | — |
| Type of broker | STP/ECN |
| Min. deposit | $5 |
| Max leverage | 1:400 |
| Min. spreads | 1 Pips |
| Funding methods | Wire Transfer, Credit Card, Debit Card, Neteller |
| Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller |
| Base currencies | USD/EUR & More |
| Languages | English |
| Trading platforms | MetaTrader4 |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | Yes |
In simple words: traders get MetaTrader4, spreads from 1 Pips, leverage up to 1:400 and a $5 minimum deposit. New clients can also check the current Yes.
Is Turnkey Forex Safe? Regulation and Company Details
Turnkey Forex does not list a regulator on its profile, so treat it as an unregulated broker. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
No regulator is listed on the broker profile.
Head office
Canada Square, Canary WharfLondon E14 5LBUnited Kingdom (United Kingdom)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2016. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:400.
Turnkey Forex Trading Conditions
Spreads and commissions
Turnkey Forex spreads start from 1 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:400, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader4
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This Turnkey Forex review covers regulation, fees, platforms and bonuses.
Official website: Turnkey Forex
Turnkey Forex Account Types
Turnkey Forex offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $5 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Segregated accounts
Client funds are kept apart from company money.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD/EUR & More. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at Turnkey Forex
Turnkey Forex supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
Turnkey Forex Bonus and Promotions
Bonuses are a big reason traders search for Turnkey Forex. Availability depends on your country and the account type.
- Yes — the current promotion for Turnkey Forex clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official Turnkey Forex website before accepting any offer.
Turnkey Forex Pros and Cons
Pros
- Yes
- Low $5 minimum deposit
- Spreads from 1 Pips, STP/ECN execution
- MetaTrader4
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
- 4 deposit and withdrawal methods
Cons
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open a Turnkey Forex Account
- RegisterFill in your name, email, country and phone number on the Turnkey Forex sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $5 with your preferred method, claim any eligible bonus, then log in and start trading.
About Turnkey Forex
Turnkey Forex review: overview
Turnkey Forex is a forex broker that operates as an STP/ECN broker. It was established in 2016 and is based in the United Kingdom, with its head office at Canada Square, Canary Wharf, London E14 5LB, United Kingdom. The company offers trading on the MetaTrader 4 platform, along with a range of account types designed for different kinds of traders, from beginners who want to practise on a free demo account to clients looking for Islamic or swap-free conditions.
STP (straight-through processing) and ECN (electronic communication network) models generally mean that client orders are passed on to liquidity providers rather than being handled only as internal positions. In practice, this can affect the spreads you see and how your orders are filled, so it is worth testing the conditions on a demo account before you commit real money.
This review is based on the key information available about Turnkey Forex. It explains what the broker offers, where the important points of caution lie, and what to check before opening an account. You can visit the official website here: Turnkey Forex.
Regulation and safety
Regulation is one of the most important factors when choosing a forex broker. A regulated broker is supervised by a financial authority that sets rules on how client money is handled, how the company reports its activities and how complaints are dealt with. Turnkey Forex is listed as not regulated. This is a significant point for any trader to consider.
Without regulatory supervision, you have fewer formal protections if something goes wrong. Before depositing, check whether the broker is clearly stating its legal entity, how it handles disputes and what compensation options exist, if any. Turnkey Forex states that client funds are segregated, which means client money is kept separate from the company's own operating funds. Segregation is a useful safeguard, but it is not the same as regulatory oversight, and you should ask the broker for details on how it is implemented.
Being based in the United Kingdom does not, on its own, mean the broker is regulated. Always confirm the current status directly with the broker and review its official documents before you transfer any money.
Account types
Turnkey Forex offers a broad selection of account types, which is helpful if your needs change over time. The main options include:
- Free demo account: A practice account that lets you test the platform and your strategy without risking real money. This is a good first step for new traders.
- Mini accounts: Designed for traders who want to start with smaller positions and a lower entry point.
- VIP accounts: Higher-tier accounts that are usually aimed at more active traders. Check the official site for the specific features and requirements.
- Islamic accounts: Swap-free accounts intended for clients who cannot or prefer not to pay or receive swap (overnight financing) charges for religious reasons.
- Swap-free accounts: Accounts without overnight swap charges, which may suit some traders who hold positions for longer periods.
- Managed accounts: Accounts where trading may be handled by a third party on the client's behalf. Make sure you understand the fees, risks and responsibilities involved before choosing this option.
The base account currencies are listed as USD and EUR, with other options available. Confirm which currencies are offered for the account you plan to open, as this affects how your deposits, profits and losses are calculated.
Trading platforms
Turnkey Forex provides MetaTrader 4 (MT4), one of the most widely used retail trading platforms. MT4 is known for its charting tools, technical indicators and support for automated trading strategies through Expert Advisors. Many traders already know how to use it, which can make the learning curve shorter.
You can access MT4 through a web browser, which means you do not need to install software. Mobile trading is also available, so you can monitor and manage positions away from your desk. Turnkey Forex only lists MetaTrader 4, so traders who want other platforms, such as MetaTrader 5 or proprietary tools, will need to look elsewhere.
Before relying on any platform for live trading, spend time on the demo account and check that the tools, order types and charts work the way you expect.
Spreads, fees and leverage
Turnkey Forex lists spreads from 1 pip. The spread is the difference between the buy and sell price of a currency pair and is one of the main trading costs. Spreads from 1 pip are a starting point, not a guarantee. Spreads usually widen during periods of low liquidity or high market volatility, such as around major news releases, and they can differ between instruments and account types.
Maximum leverage is listed as 1:400. Leverage lets you control a larger position with a smaller amount of capital, but it also magnifies losses as well as gains. As noted on the broker's information, leverage may be lower depending on your country of residence and the account type you choose. Always check the leverage available to you before opening a position.
The minimum deposit is listed as 5. The currency of this amount is not specified in the information available for this review, so confirm the exact minimum deposit and any other fees, such as those for deposits, withdrawals or inactivity, on the official website before you fund an account.
Risk note: Trading forex and CFDs on leverage carries a high risk of losing money. You should only trade with funds you can afford to lose.
Deposits and withdrawals
Turnkey Forex accepts deposits by wire transfer, credit card, debit card and Neteller. Withdrawals can be made using the same methods: wire transfer, credit card, debit card and Neteller. Having the same channels for deposits and withdrawals is convenient, as it makes it easier to track where money came from and where it goes.
Processing times, limits and any fees for each method are not included in the information available for this review. Check the broker's payment pages before you deposit, and keep records of your transactions. If you plan to use a bonus, make sure you understand any conditions linked to withdrawals, since bonus rules often apply.
Bonuses and promotions
Turnkey Forex offers a welcome bonus and other promotions. There is no no-deposit bonus listed, so you will need to fund your account to access the current offers. Bonus amounts, eligibility rules, wagering or volume requirements and expiry dates can change, so read the full terms before you claim anything.
Bonuses can look attractive, but they often come with conditions that affect when and how you can withdraw funds. Make sure you understand what must be done to release bonus money and what happens if you close a position or withdraw early. For a wider view of how deposit bonuses work across brokers, you can read the related guides linked on this page.
Customer support
The Turnkey Forex website is available in English. The information available for this review does not describe the support channels, opening hours or response times. Before opening an account, check the official website for contact options and test them if possible. Good support matters most when you have a problem with a deposit, a withdrawal or a trade, so it is worth knowing how quickly the broker responds.
Pros and cons
Pros
- Established in 2016 and based in London, United Kingdom, with a listed head office address.
- STP/ECN execution model, with spreads listed from 1 pip.
- MetaTrader 4 available on web and mobile.
- Free demo account for practice.
- Wide range of account types, including mini, VIP, Islamic, swap-free and managed accounts.
- Hedging, scalping and news trading are allowed.
- Client funds are stated to be segregated.
- Welcome bonus and other promotions available.
- Deposit and withdrawal methods include wire transfer, credit card, debit card and Neteller.
Cons
- Not regulated according to the information available, which limits formal protections.
- No no-deposit bonus.
- Only MetaTrader 4 is listed as a trading platform.
- Maximum leverage of 1:400 is high and may be lower depending on country and account type.
- Currency of the minimum deposit, fee details and payment processing times are not specified in the information available.
- Customer support details are not described in the available information.
Verdict
Turnkey Forex offers a broad range of account types, a familiar platform and a low listed minimum deposit, along with features such as hedging, scalping and news trading. Its STP/ECN model and spreads from 1 pip may suit active traders who want to compare execution and costs. The free demo account is a practical way to test the service before committing funds.
However, the lack of regulation is the most important point in this review. Traders who prioritise regulatory oversight should weigh this carefully before opening an account. The broker's fee structure, payment processing details and support options also need to be checked directly on its official website.
If you decide to consider Turnkey Forex, start with the demo account, read the full bonus terms, confirm all costs and only deposit an amount you can afford to lose. Trading forex and CFDs on leverage carries a high risk of losing money.
Frequently Asked Questions
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose Turnkey Forex?
Turnkey Forex offers a $5 entry cost, MT4 platforms and a track record since 2016.
Turnkey Forex suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
