What is Turnkey Forex?
Turnkey Forex is a forex and CFD broker based in United Kingdom, listed with a foundation year of 2016. It offers leverage up to 1:400, spreads from 1 pips and a minimum deposit of $5. Clients trade on MetaTrader4 and on mobile.
Is Turnkey Forex safe and regulated?
Turnkey Forex is regulated by No. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Turnkey Forex account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $5 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Turnkey Forex provides MetaTrader4, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 1 pips on major currency pairs.
- Leverage up to 1:400 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Turnkey Forex supports 4 funding methods, including Wire Transfer, Credit Card, Debit Card, Neteller. Accounts can be held in 1 base currency (USD/EUR & More), which helps you avoid conversion fees.
Turnkey Forex bonus: Yes
How the promotion works
The current Turnkey Forex promotion is Yes. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Turnkey Forex website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Turnkey Forex pros and cons
Pros
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- Low minimum deposit of $5
Cons
- Only offshore regulation
- No investor compensation scheme
How to open a Turnkey Forex account
- RegisterVisit the Turnkey Forex website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $5 with Wire Transfer, Credit Card, Debit Card or another method.
- Start tradingLog in to MetaTrader4 or the mobile app and set your risk per trade.
Is Turnkey Forex a good broker? Our verdict
Turnkey Forex suits active traders who want freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.