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Exposure
Score
Regulatory Index0.00
Business Index7.30
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
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Company Name
Turnkey Forex
Company Abbreviation
Turnkey Forex
Platform registered country and region
Mauritius
Company website
X
Company summary
Pyramid scheme complaint
Expose
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 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
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.
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.
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.
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.
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