I don’t think the broker accepts debit cards, which might be a little stressful for those that do not have cryptocurrencies or VLoad account. It is common for brokers that accept cryptocurrencies to have fast withdrawals and Turnkey has also not disappointed with that. Perhaps one of the main benefits of joining one of the two platforms above is that most forex brokers offer them. So, even if you decide to try another broker, you do not need to learn how to use a new platform.
The STP account spreads start from 0.2 pips and no commissions are charged. This feature is highly beneficial for experienced traders who want to run the automated strategy without interruptions. For lower balances, the VPS is available for a monthly subscription, which depends on the speed and power of the third-party server you opt for. If your trading strategy is not solely based on forex, but you have a more diversified approach, you can opt for MetaTrader 5 instead. Similar to MT4, it packs powerful analytical tools, technical indicators, and fundamentals, and can be customized to cater to your specific needs and trading objectives.
Account Types
The broker does not have plenty of index assets to be traded and this is not so good for me. Forex pairs are okay though, the major pairs, and crosses are what I trade. Trading conditions here have been fair, no bad experiences yet. But I would like the broker to add more indices so that I can have different options for trading. I don't know if the broker has ea and I would like to get more information because I want to add ea to my trading style.
Turnkey Forex can accept clients from most countries excluding the USA and a few others. If you find that your country is not accepted for any turnkey broker reason, you could always use our broker comparison tool to find other options. Spreads affect a traders profitability profile in the long run.
Who Is Turnkey Forex Best For?
This is an exception for those who are interested in stocks trading because Turnkeyforex does not allow stock trading. Turnkey forex charges very low commissions which is not typical of brokers that have many services. We advise all investors and traders to avoid Turnkey Forex due to its lack of regulation. Traders should trade with well-regulated brokers such as FP Markets and XM. PrimeFin offers a selection of commission-free and commission-based account types.
Turnkey Forex cares for their customers that’s why the platform is offering 24/5 Live support. You can connect with customer representatives either through call or chat in the duration of 24 hours and 5 days. Furthermore, you can also visit the official website of Turnkey Forex where you can click on Contact Us.
Turnkey Forex Available Instruments
The broker gives a platform to trade currency, indices, cryptocurrencies and commodities. Turnkey Forex has partnered with third party VPS providers in order to provide reliable, low latency connections to the trading servers on a 24/7 basis. I really appreciate this service as it is beneficial to users of automated strategies and other clients who desire steady access without power, hardware or internet interruptions. The Turnkey Forex VPS is free for those of you who maintain a balance of $5,000 and above. Otherwise, the reasonable monthly subscription of $25, $45 or $80 applies.
- RoboForex can be another broker to consider who not only have a good forex offering, but plenty of other instruments also.
- Based on your strategy, you have a choice of two standard account types that allow you to maximize your benefits.
- If you want a greater variety, FXChoice are another forex broker that have a nice selection, including online payment processors.
- The majority of FOREX brokers provide traders with the opportunity to trade not just currency pairs, but other asset classes including indices, metals and energies.
- Fees will include hosting, software development, and any additional services needed for superior functionality.
- The value of this multiplier determines the percentage of the requested trading volume that goes to the external market.
Got some bonuses for my first deposit, which was a good encouragement for me. I am trading for long term goals and I am not rushing to be a millionaire in the short term or having unrealistic expectations. I don’t think the broker is the most perfect broker in the world but I know they are good enough for me to trust them.
Solidity Brokers Review
I started having the ea last month, no fear about the ea services yet. Multi Account Manager accounts are for money managers and clients looking for managers to manage their funds. Turnkey Forex offers PAMM accounts and software for managers to trade on your behalf. You can view the PAMM list and choose a manager based on his performance statistics and conditions.