Turnkey Forex broker is suspected to be a scam company from an offshore country. Unfortunately, most such companies have no financial regulations and do not care about their clients.To get more news about turnkey forex, you can visit wikifx.com official website.
Turnkey Forex is an offshore company from Mauritius owned by TurnKey Forex Limited. As mentioned, most offshore companies have no financial regulations, which is the exact reason for this Turnkey Forex review.
There’s a turnkey in our story about broker regulation. Apparently, TurnKey Forex Limited doesn’t exist in Mauritius or any other financial register, and the brokerage is unregulated. This is yet another on our long list of red flags showing how fraudulent brokers we’re dealing with.
Broker trading platform’s choice is actually stunning. The broker provides MT4, MT5, and a web trader, as well as Act Trader. Since MetaTrader is the best platform industry offers and is highly secure, we would love to recommend Turnkey Forex as a good broker. But, there’s always a regulation issue you should bear in mind.
Turnkey Forex MT4 is a standard MT4 platform providing trading on all assets, variable spreads, customizable trading charts and analysis, a copy trading system, and alerts on market updates. Clients can open up to 10 charts simultaneously, and there’s an app to be used on Android or iOS mobile devices.
Act Trader is another trading platform competing with MetaTrader for the best platform. However, not many people have heard about it yet. The trader can be used on desktops (both Windows and Mac) and any mobile device. It’s a bit simpler than MT4 and easier to navigate, yet it has fewer charts and indicators. If you have no previous trading experience, this might not be a bad starting point.
Mobile trading app is actually a MetaTrader app that clients can download directly from its website and use their credentials to log in. There’s also the Act Trader app, and all of them are available for both iOS and Android. Most of the features are the same as desktop platforms, just more convenient to use.
Based on everything we’ve had a chance to see in Turnkey Forex reviews, this broker does not have any prohibited areas. Nothing is listed on their website, not in the Terms and Conditions, not in the disclaimer. Basically, it looks like the company chooses no country. Everyone is good to be scammed.
Notably, shares are missing, while the offer of any other asset besides the FX market is rather poor. If you are thinking of choosing Turnkey Forex trading brokerage, think twice.
Additionally, we recommend you exclude GoDoFX Quotex from your list of potential brokers to trade. It will save your money, nerves and time!The spread is variable and starts from 0.0 pips with a $1 commission. The leverage is unregulated and goes up to 1:500, while fees depend on the spread and the account type. For the STP account, there’s no commission, and the spread starts from 0.2 pips, while on the ECN account spread starts from 0.0 pips, and the commission starts from $1 per lot. For cryptocurrencies, the commission is $1 per $100k and for indices $0.1 per lot.