TurnkeyForex.com Review

So far so good. Just wired $500 to start an ECN account. Spreads are amazing and commissions are very low. Best I've found for US customers looking for an offshore broker. Just wish they were regulated, which is still the only thing that makes me a bit nervous.

When any attempt at due diligence was made they are NOT repeat NOT appearing as a Limited Company in the UK and any live chat with their supposed representatives makes them very evasive.
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

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.

wow it is Amazing they Serve well but they don't have any Regulation i don't know the reason still with out regulation or there is a long process to get Regulation?

If this is the same as Finpro then AVOID. I have just been told that any profits above the original deposit will only be paid in BTC. FYI, initial deposit was $10,000 USD and you double account and wish to withdraw you can only do so in BTC. If this is not affiliated with Finpro then my apologies. BEWARE

Twice price was never near my stop loss and they closed the trade, my trade hit tp it went under my target and it did not close, funny how the drop only happened in their platform which should tell you something. Extremely disappointed they don't honor anything, at the beginning they were great now just terrible. Currently looking for a new broker.

I had an earlier case against scam broker Turnkey Forex.
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.

More. Community discussion of this issue >>

Pro's
- 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.

Been trading here for 2+ months, the trading conditions are decent, low fees, not too much slippage.

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.

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.