Turnkey Forex includes VPS hosting, robo trading, and trading calculators as well as access to MT4, MT5, and Act Trader. Learn everything you need to know about this forex broker by reading our complete Turnkey Forex review. All in all, Turnkey is a good broker for intermediate and advanced traders who understand the additional risks of using the services of an unregulated broker. 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 support clients in their trading activities. They are however lacking regulation which should make traders think twice about using them.
However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed. However, have you ever wondered or are you wondering which platform you should use？ The article details the similarities and differences between the two and gives specific advice. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Turnkey Forex charges a nominal commission fee of $1 per lot for ECN accounts and $0 for STP accounts.
Cryptocurrency Statistics and Facts
Trusting a turnkey broker launch is a choice in favor of a tried-and-true deployment procedure and an assurance of success. By opting for the right company that provides turnkey services, you can succeed quickly. White-label products, particularly trading platforms, can be used by brokers at a much lower cost. Leading turnkey companies serve as brilliant advisers who assist brokers plan their successful futures. Professional brokers assert that even novices may effectively enter the market and sell their services without difficulties by creating a team with industry experts. Get the most profitable fully licensed fx/crypto brokerage software or ready-to-operate business in 48 hours.
Turnkeyforex ranks high in this section because of the multiple choices it grants traders and investors in choosing their most comfortable trading platform and conditions. The MetaTrader 5 has a strategy tester; it also allows using a cryptocurrency-denominated account. It offers significant improvement in copy trading, mobile trading, and many other innovative https://www.xcritical.com/ features that make trading more efficient. More than 60,000 individuals have trusted Turnkeyforex since its inception in 2016. That is a high number for a company that is barely six years in the financial services business. The article reviews different services of Turnkeyforex, strengths, and weaknesses and makes recommendations where it seems necessary.
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Customer service is available 24/5 and the broker takes pride in its ability to provide help without delay. The quickest way to reach them is the instant live chat on the website, but you can also reach the team via mail or phone (the US or UK phone number). Perhaps one aspect that could be improved is to extend customer service to 24/7, considering that some markets (like cryptocurrency) are open 24/7. The main difference between these accounts is that the STP account charges you only the spread (with built-in commissions), while the ECN account comes with lower spreads and a small commission.
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.
What Is Turnkey Forex, And Should I Invest Money In It?
This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers. We have not received any reports of fraudulent activity at this time.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. In the table below, you can compare the features of Global Prime , Turnkey Forex side by side to determine the best fit for your needs. Yes, apart from https://www.xcritical.com/blog/turnkey-broker-make-a-profit-for-your-company/ robo trading, Turnkey also allows manual trading. Similar to MetaTrader, it is fully customizable, so you can see live risk reports, prices, combine charts, and many more. Traders just need to raise a withdrawal request from the client portal and the request will be processed in a maximum of 24 hours.