Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $10 |
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Established: | 2016 |
Address: | 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, 72202, Mauritius |
Contact: | CONTACTUS@TURNKEYFOREX.COM, +442032876032 |
Regional offices: | |
Regulators: | |
Prohibited countries: | Unknown |
Trading platforms: | MT4, MT5, ActivTrader |
Web Trading: | Yes |
Mobile Trading: | Yes |
Currencies: | (85+) |
Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
CFD: | (20+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities |
EAs/Robots: | Yes |
Scalping: | Yes |
MAM: | Yes |
PAMM: | Yes |
CopyTrading: | Yes |
Deposit Methods: | Bank Wire, VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Neteller, Ripple, Skrill, SWIFT, Tether |
Withdrawal Methods: | VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Local Bank Transfers, Neteller, Skrill |
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Traders Reviews
None existant company - cannot be found at Companies House
They even claimed to be formally based in Canada when I phoned them as the manager seemed to panic when questioned on this basic due diligence .
Remember folks - always , always , always do due diligence.
I will not be sending them any money as it is clear they are not who they say they are as no registration exists for this company anywhere in the UK and likely they are not at the generic address they gave. You have been warned
Do not fund with this broker. They are a SCAM
Service use: Live
Length of use: 0-3 Months

Market maniupulation
Service use: Live
Length of use: over 1 Year
UNREGULATED SCAM BROKER! STAY AWAY
https://www.forexpeacearmy.com/community/threads/resolved-scammed-by-turnkey-forex.57929/
This scam broker still owes me $100k in profits and have no intention of paying. During one of my several calls to their upper management, they pretty much admitted to me that they are running a scam. They are run by an organized crime family with links to other scam brokers like finpro. They are not even a bucket shop, they are far worse. My case has been referred to the FBI and other law enforcement agencies both in the US and UK. My mission now is to have them shut down for good as they have no intention of stopping and intend to continue stealing from hard working people. I was shocked by the blatant disrespect and contempt when i heard the man in charge cheekily admit to me on the phone that my suspicions about them were true. It's time the FPA community banish this scam broker into the wilderness where it belongs.
Details are here.
https://www.forexpeacearmy.com/community/threads/scammed-by-turnkey-forex-part-2.59965/
Nov 5, 2018 - 1 Star WARNING!! SCAM BROKER WILL NOT PROCESS MY WITHDRAWAL!! WILL HAPPEN TO YOU IF YOU MAKE HUGE PROFITS!! STAY AWAY!!
I am here to warn others to stay away from Turnkey Forex. They are a SCAM broker. Are not regulated by any governing body and you will be put through hell to get a withdrawal. They currently have a ton of my money they are refusing to process for withdrawal. They are asking for some ridiculous documents that they never asked for when i was opening and funding my account. Some of these insane requests include 'A letter from your employer confirming that you are not prohibited to carry out trading activity in forex trading,' which is laughable if it wasn't so infuriating. They are asking for things that even regulated companies won't ask for. We are all too familiar with these tactics by scam companies to steal from their clients. If a legitimate company asks for a document to open an account, those same documents are good enough to withdraw your funds, but not with these crooks. They gladly took my money but are now putting a wall for me to get it back. Before i start going through all legal routes if necessary, i'm here to warn others and hold this scam broker accountable by warning people about them and bringing them to justice in the forex community.
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)
Con's
- 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.
Good trading conditions, but slow website and unregulated
I give 3 stars however because their website is extremely slow, and as of right now it does not work at all, it shows that the website does not exist.
This does make me worry a bit, as they are unregulated and makes me think they might just pack up and leave with these digital funds when it suits them.
I will update and provide a more detailed review in the future.
Service use: Live
Length of use: over 1 Year
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.
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