The features of the broker can be seen clearly on the website without stress. I was able to get all the information before opening an account. I was impressed that the features described on the site by the broker are the same I experienced when trading.
However WL has its disadvantages, all trades will be monitored by a service provider, as legally you are using WL service provider’s license. The Margin Calculator aids you in decision making by determining the margin required to open and hold a position. Simply select the Security, the Account Base Currency, currency pair you’re willing to trade in, Entry Price, the leverage of your account and Trade size to ascertain the margin required. There is a handful of helpful trading calculators on the brokers wbesite which can quickly perform calculations and save you time.
User Reviews
There is No Dealing Desk as they operate as an ECN/STP broker that routes all of your orders directly through to the liquidity providers. This means that there should be no conflict of interest between your trades and the broker. I would always prefer to use a broker with no dealing desk turnkey broker 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. It provides ECN and STP services; it directly passes on trades to the liquidity providers.
Offer your partners dynamic rebates with an adjustable formula calculation. The sublicensing system is quite simple and available for immediate use as soon as it is connected. The access to the back-end systems is protected by multifactor authentication and secured communication channels. Client data is backed up off-site to the cloud storage to avoid information loss, but ensure accessibility on a daily basis. Multi-channel notification system provides 24/7 performance and availability monitoring of any vital components.
The Trustpilot Experience
The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice. Turnkey Forex provides MT4 free of charge as a downloadable desktop application for Windows PC and a mobile trading application for Android and iOS devices. Once the account has been created a verification email will be sent to activate the account. Turnkey Forex is a registered trading name of TurnKey Forex Limited launched in 2016 and has its headquarters in Mauritius.
I’m glad I switch to turnkeyforex, with their stp accounts, commissions are one less thing to worry about. I’m able to focus solely on my trading without worry about paying high fees in terms of overall trading cost. I have a situation where from time to time my home internet loses a connection for a second, which was driving me crazy when it happens while I was on the platform and trading.
Same day withdrawal
Our solution can help you increase the profit potential of your brokerage by resorting to a hybrid operating model that combines A-Booking and B-Booking. Customers implementing the White Label Crypto Exchange solution can also provide sublicensing services. In addition to the common market, limit and stop type orders, your clients will have access to hidden and stop limit orders, with multiple Time in Force options. Over 30 ready-to-go technical connectors to major FX liquidity providers included, featuring the largest tech hubs like Integral and Currenex. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
- Mauritius is an easy jurisdiction to open a brokerage, as opening requires an initial establish the capital of only $2,000, making it a popular offshore zone for shady brokers.
- I have tried to fixed it with my operator, but without success.
- Hedging is also support here, so SL can be placed within only few pips.
- With this broker it comes with a monthly cost, but for me, it pays off.
- Blockchain transactions are irreversible with no chargebacks and no recurring fees or hidden charges.
- A key advantage of MetaTrader over other platforms is that you will find it readily available and free to use with most brokers.
The platform has effective customisations that makes me navigate around easily. The tools seem easy to use for beginners and avanced traders and I think many traderss will do well here. Although the proposals may seem compatible, brokers of a self-regulatory nature more often target clients outside of the UK, pretending to be reliable and well-established companies.
What is Turnkey Forex?
Although from my research, it is good to see that the customer support team have responded to concerns that have been put forward to them. Overall, I do see some potential with Turnkey Forex, especially when it comes to trading forex when you require tight spreads and low commission fees. 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. Also, the lack of a training academy is not helpful to beginners either. I also couldn’t find any daily market analysis or insights to help inspire trade ideas. That being said, all strategies, trading systems and styles are supported.