Fresh review that helps Forex Peace Army traders invest safely

4.161 · 59 REVIEWS
Updated: Jul 5, 2022 ·  · Is this your company?

TurnkeyForex is a forex broker. Turnkey Forex offers the MetaTrader 4 forex trading top platform. offers over 80 forex currency pairs, indices, commodities, cryptocurrencies, gold and silver for your personal investment and trading options. Please read Turnkey Forex Reviews below and share your live trading experiences with this broker.

Turnkey Forex

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum Deposit: $10
Established: 2016
Address: 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, 72202, Mauritius
Customer Service: CONTACTUS@TURNKEYFOREX.COM, +442032876032
Regional offices:
Prohibited countries: Unknown
Trading platforms: MT4, MT5, ActivTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (85+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (20+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (Bank Transfer), VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Neteller, Ripple, Skrill, SWIFT, Tether (USDT)
Withdrawal Methods: VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Local Bank Transfers, Neteller, Skrill

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4.161 · 59 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Laval, France,
Jun 10, 2021,
Registered user

EA account

Service use: Live

Length of use: 3-6 Months

Someone trades for me for an agreed profit - just bought the EA. I also trade myself but it is with very little capital because I am not so good yet. My trades are not so balanced yet and I get scared many times, so because of this I resort to scalping the market many times and this is even easier because the spreads are zero spreads and the leverage is quite high, up to 1:500.
London, United Kingdom,
May 20, 2021,
Registered user

Traders can control PAMM accounts

Service use: Live

Length of use: over 1 Year

Turnkey offers both the ECN and STP accounts with forex, commodities, indices and cryptocurrencies. I like that the broker has good services plus high and flexible leverage of up to 500:1. I have been trading here for some years now, and I am consistently profitable. Now I trade for people to make profit. When I had my first set of clients, they needed me to trade for them and wanted a very safe environment where all the parties involved would watch the trades, but I didn't know what to do. It only came to my mind to contact customer support to make inquiries, and it was the customer support that told me about the PAMM program. I was told that I could be the PAMM trader and the broker would join my clients' accounts to mine; that seemed to be the idea I was looking for; the other parties also agreed to it, and we opened one. I was told that I had to have at least three other accounts joined with mine and the cumulative money cannot be less than $5000. We also agreed on how the profit would be, and the investors gave the broker the consent of delegating the right of trading theaccounts to me. So, from there, all my trades were allocated to their account too, and anytime they withdraw money, the broker assigns my portion from the agreement to me. This is our 6th month of doing and it has been smooth.
  1 trader has found this review helpful
London, United Kingdom,
May 16, 2021,
Registered user

good trading condition

Service use: Live

Length of use: over 1 Year

Forex has changed my life. I had always dreamed of working from home. I tried some other skills before I was finally introduced to forex. I have had my share of losses which eventually affected my psychology. I finally met a big brother who made me see some of the mistakes I have been making . I'm glad I met him. Trading started going well since then. The only problem I had was withdrawal charges. I trade for people and their withdrawal charge didn't make me get the full profits. Sometimes they reduce my profit up to 3%. Imagine I am withdrawing 9% of my profit and 3% is gone all because of the withdrawal charge. I was introduced to a broker who does not charge any withdrawal fee but their trading services were bad and I was eventually scammed. A friend finally introduced me to Turnkey and I discovered their withdrawal charge is relatively free asides the good trading condition . I have been using the broker for over two years now and their trading services are also cool. I also like the fact that Turnkey offers transparent brokerage services.
  1 trader has found this review helpful
Paris, France,
May 12, 2021,
Registered user

Tight spread and easy scalping

Service use: Live

Length of use: 6-12 Months

EURUSD, EURJPY, USDCAD, GBPJPY, and other currency pairs are all zero pips. Scalping has been made so easy in Turnkey because of the tight spreads. Scalping was not my strategy before I started to trade here, but the zero spread tempted me to start scalping. I still take long trades but not so often; It has been good here for me. Compared to my former broker, the Turnkey demo account has the live chart value, and I use it to test new strategies before trying them out on the live account. I don't have an issue with the broker yet.
Melbourne, Australia,
Jan 18, 2021,
Registered user

Awesome experience..!

Service use: Live

Length of use: over 1 Year

Hey guys!
I have been trading for more than 8 years now. Initially, I was trading part-time so I was fine
with my earlier broker, but when I shifted to being a full-time trader, I started facing serious
troubles with them. I had several trade issues & so frequently and they literally took forever to
get back to me. They even took it on my withdrawals and trust me, it bites so bad, to not be able
to get your own money. So, I had to switch my broker. After a lot of research and consultation
with my fellow traders, I took a step ahead with ‘Turnkey Forex’.With my 2 years of experience
with them, I can say that despite being an unregulated broker, their services have been better
than some of the regulated brokers as well. I extremely contend with their deposit and
withdrawal procedure. My deposits never take more than 20 minutes to reflect on my account.
Even my withdrawals are always sorted within 10 hours and this is their best aspect. They have
cancelled my withdrawal just once, in the last 2 years and that also counts back to a valid
reason, which makes me more secure about my funds. But they should consider giving us more
than 100 % bonus some times like their other counterparts, it could give a much-required boost
to our trading. If other brokers can do it, so should you guys work on it as well.
And, I am not satisfied with just Cryptos being the solo mode of payment, other forms of
payment should also be added to the options. It could be really convenient for every one of us to
trade with them. Their chat support mentioned that they will soon be introducing the direct
method of payments, but as of now, it is only Cryptos. One thing that I am amazed to see is that
they do not have much social media presence and whenever I recommend them to anyone, my
colleague comes back to me saying that this broker is not very popular. I can also see that they
have not replied to any of the reviews here on FPA too. Guys, this is time for social media.
While you are good at what you do, you need to up your game on social media too.
As of now, I am satisfied with their services but the things mentioned above need to be looked
into for better future prospects.
Otherwise, you all are doing a great job. Keep it going!
  1 trader has found this review helpful
Hong Kong, Hong Kong,
Dec 16, 2020,
Registered user

A Trustworthy Offshore Broker

Service use: Live

Length of use: over 1 Year

I opened an account with Turnkey Forex about a year back after burning my hands with an offshore broker. I was initially reluctant to try out another offshore broker, but after reading their reviews, I decided to give them a try. Here is what I think:-

1. Deposits are fast. It takes just 10 minutes for my deposit to reflect in my trading account.
2. Spreads are tightest of what I have seen.
3. Commission is super low- only $2/lot RT
3. Excellent customer service. I have a dedicated Account Manager, and the chat support is quite knowledgeable and responsive as well.
4. They have Cryptocurrencies for trading and have also added Act Trader recently.
5. The withdrawals are super fast. I always get my money within 1-4 hours time.

1. 1. I do not like their website. Too many spelling mistakes which initially made me doubt if they are even genuine. Also, they have stocks and ETFs mentioned on their website which I couldn’t see on the trading platform. When checked with the chat agent, I was told that they are in the process of Upgradation.
2. As of now, they are only accepting deposits in the form of Cryptocurrencies. I have been told by my Account Manager that they will be introducing InstaCoins and VLoad very soon. I am waiting for that.

I am glad that I gave Turnkeyforex a try. They are the only reason why I have not lost all my faith in offshore brokerage.
Maryland, USA,
Jul 17, 2020,
Registered user

Do not fund with this broker. They are a SCAM

Service use: Live

Length of use: 0-3 Months

Turnkey used to be a great place to trade. Recently in June I funded an account with $500. I ran that account and a second account up $40k plus in total equity. I requested 4 withdrawals for a total of $24,000. Those withdrawals took more then a week to receive (keep in mind they quote you 48 hours for processing) and on top of them being late, all of them were short. They never sent the full amount, each withdrawal was short between $70 and $400. The last $16k I put in for withdrawal on Monday 7/6/2020. From 7/8/2020 I requested to know when they will process my requests. They (Barry, Anthony, Support Team) told me, every day ( sometimes twice a day) they have escalated my issue to be processed by the end of they day. Every single day 1 to 2 times a day I would inquire about my withdrawal issue. Almost two weeks later I am still without my withdrawal. I also have fellow traders who are also waiting on withdrawals that are one week to two weeks late. I have screen shots of everything from my deposits, to the bullpoop lies they tell me about being processed, I have everything documented. I didn't want to go anywhere and leave a bad review, but since they are scamming traders (or until I get my money), I need to help those who are looking for a good offshore broker to not go to Turnkey Forex. If they pay I will UPDATE this post only if they stop lying on their website.
  7 traders have found this review helpful
Dikshant G.,
Haryana, India,
May 28, 2020,

Good Broker

Service use: Live

Length of use: 6-12 Months

I've completed total of 8 mons today with turnkey and can confidently say they are a good choice for scalping. Good trading conditions mended with low pricing say it all. After making fair share of returns, I tested few withdrawals and received on time, better than previous broker experience. Kudos to team
Texas, USA,
Jan 31, 2020,
Registered user

Service use: Live

Length of use: over 1 Year

I've traded with Turnkey for 1 year. Spreads and commissions are about the lowest of any broker I tested. Their ECN execution has always been fast.

I echo some other reviewers on the slowness of support responses. But I find their Live Chat extremely handy and friendly, when they're on. My Bitcoin withdrawal took 4 business days (instead of their advised "2"), but it came through perfectly.
California, USA,
Jan 9, 2020,
Registered user

Needs Improvement

Service use: Live

Length of use: over 1 Year

- Accepts US customers
- Low commissions and spreads compared to other unregulated brokers
- Triple swap occurs on Friday, not Wednesday (great if you don't hold positions over the weekend)
- Barry is a good account manager
- Stable coin options for deposits / withdrawals are offered (great to avoid fluctuations and uncertainty of other crypto)

- Unregulated
- The back office portal is the worst I've experienced from any broker:
very slow to respond
support ticket submission currently doesn't work (have to send email)
withdrawal request currently doesn't work (have to send email)
instant transfer between accounts is not offered (have to send email)
- It typically takes 1-2 days to receive a response to support, withdrawal, and transfer email requests.
- Night spreads can get high (not good for night scalping)
- Every night when rollover occurs, the tick data and trading stops for 5 minutes (problem for night scalping)
- They don't give you a record of withdrawal details showing crypto coin quantity and price at time of the withdrawal transaction, so there's no way to audit the withdrawal transaction to make sure they are not holding a little bit of coin for themselves with each withdrawal

Dec 29, 2018 - 4 Stars I've been trading with Turnkey for 1+ year and overall I find them to be much better than most other brokers accepting US traders. Trading conditions are very good, customer service has been excellent, and deposits and withdrawals have gone smoothly for so far. Commissions are the lowest available, and triple swaps are charged Friday night instead of Wednesday night which works if you don't keep positions open over the weekend. I don't like the fact that there is nightly 5 minute trading freeze at rollover time and also there are some minor things about the customer portal I don't like. My deposits and withdrawals are not nearly as large as @rhukevhe, so perhaps that explains why I have not run into similar challenges. I'll be monitoring things closely and will update my review if my experience changes.

Frequently Asked Questions

Is TurnkeyForex regulated?

Turnkey Forex is not regulated with any government or non-government body.

In other words, there is no designated government or non-government body to supervise the activities of TurnkeyForex or to resolve complaints.

What is the minimum deposit for TurnkeyForex?

The minimum amount required to open a trading account in TurnkeyForex varies depending on the account types. It is :

  • $5 for micro Account
  • $100 for Standard STP Account
  • $200 for Pure ECN Account
  • $300 for Zulu Trade Account

Does TurnkeyForex allow Scalping and Hedging?

TurnkeyForex does allows scalping and hedging.

Can I withdraw bonus from my TurnkeyForex account?

In order to withdraw Bonus from your account, you need to make transactions expressed in number of lots in the amount of using the following formula:

  • For currencies and commodities: Number of Lots required = Bonus Amount/2. For instance, if you receive $500 as bonus amount. Then in order to withdraw the bonus availed, the trader needs to trade a volume of: 500/2 = 250 Lots (Closed are taken into consideration)
  • For global indices: Number of Lots required = Bonus Amount/2 * 10