These guys were incredible, dealing with my problem within one hour and leaving me step by step instructions how to correct things. I was more than thankful to these people and happy that I can continue with trading. 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.

This account comes with spreads as low as 0.2 pips, commission-based trading, and a minimum account opening balance as low as USD 5. Turnkey Forex is a well-rounded forex broker best for intermediate and advanced traders. Beginners may find it challenging because of the lack of resources and education. However, those who are willing to use third-party learning resources may still have a satisfying trading experience with this broker. Most if not all the features of Turnkey so far indicate a specialized broker ideal for traders with experience. I’ve tried out several brokers and the only one that impressed me was TurkeyFX.

This would ensure maximizing the profits and minimizing the losses. Traders who maintain a balance of $5,000 and execute a minimum of 10 round mini lots every month are eligible for free EA from Turnkey Forex. The EA provided by the broker is fully customized depending upon the answers that traders give to the questions asked for selecting the EA. Upon seeing the funds deposited by the trader, the EA will automatically trade on his/her behalf. It is possible to track the performance of the EA, but the trader needs to be very careful and factor in all the possible risks of trading with an automated system. Turnkey Forex has joined hands with third-party VPS providers to offer reliable, low latency connections to trading servers 24×7.

This second EA is for long term strategy and it is to make money in the long term. For the short term EA, some days it could end in losses and some days it could end in profit, the consolation is just that I make money sometimes at the end of the week or at the end of the month. The long term EA also gives me profit but sometimes it might take like 6 months to make up to 15% – I intend that it will be for long term account growth. If you don’t mind the lack of education and educational resources, you will find this no-nonsense broker highly useful, functional, and compatible with a wide range of strategies.

I would always prefer to use a broker with no dealing desk as I find they tend to have tighter spreads with better execution speeds and minimal slippage. Trade execution is from as low as 50ms of latency (0.05 of a second) and settled immediately. Aside from good trading conditions for indices, I find that this broker has very good welcome bonus of100%. I have started my stp account with smaller amount of $500 and after initial deposit I havereceived additional $500 for trading as a welcome bonus.

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. The manager prepares his proposal stating the terms and fees.

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Turnkey Forex offers clients online trading on more than 100 assets via the MetaTrader 4 (MT4) and Trade Station platforms. The broker provides the options of managed (MAM) accounts, social trading platforms and a free virtual private server (VPS) to https://www.xcritical.in/ support clients in their trading activities. They are however lacking regulation which should make traders think twice about using them. Turnkey Forex is primarily a forex broker that has tight spreads and low fees for all types of trading strategies.

• The article details the similarities and differences between the two and gives specific advice.
• The main downside from my perspective is the lack of regulation but the broker has made adequate efforts to secure clients’ funds and provide a conducive and secured trading environment.
• Hereby,
  Turnkey Forex offers you
  MetaTrader 4 and MetaTrader 5.

The customer support is available via
Callback, Email, Live chat, Office, Phone, Skype and Web form. Few years ago i had a trading account with turnkey forex and significantly increased my equity through profitable trades. Despite all that, they still did not honor the arrangement and after three years turnkey forex still owes me over a hundred thousand dollars. All records of their partial payment to me is visible on the blockchain on the fpa forum along with my trading statements. They are on the CFTC’s RED List, a list for unscrupulous and unregulated brokers and they got on that list after i reported them to regulators. Stay away from this broker and do not believe a word they say to discredit my review.

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.

Account base currency

Payments made through Cryptocurrencies and InstaCoin are processed instantly, while deposits made through VLoad will depend upon the trader’s VLoad tier. As far as withdrawals are concerned, then those are processed https://www.xcritical.in/blog/turnkey-broker-make-a-profit-for-your-company/ within the same day or in a maximum of 2 working days, depending on the withdrawal mode. PAMM accounts of Turnkey Forex are an excellent option for traders with less time or experience to trade profitably.

I have used different bots that are built differently and work differently and they have given me consistent results. I tried some of the bots elsewhere and they could not work well. I will suggest the broker for those who like to trade with bots and those who trade manually. Fill in your first and last name, email address, cellphone number, and country of residence, and select the terms and conditions for the customer & risk agreement.

You can simulate “what if” analysis, implement a multi-leg strategy, and create automated strategies from charts without any coding knowledge. In the sections below, we’ll introduce you to Turnkey Forex – a low-cost, no-nonsense forex broker. Keep reading this Turnkey Forex review to find out if its features and tools are the right match for you.

Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
Turnkey Forex also offers some instruments you would like to trade on, such as
Forex, Stocks, Indexes, ETF and Crypto for your best choice. Using two EAs for my forex trades have helped me in maintaining balance. One of my EAs is for day trading and short trades and the aim is to make money in the short term.