Is a Good Broker for Forex Traders?

is a brand name owned by Turnkey Trade Limited, a company regulated by the Financial Services Authority. Since its establishment in 2009, this forex trading platform has grown significantly, offering a wide range of services to online traders.

Trust and Community

As an active participant in various forex forums, I often research and trust brokers' recommendations. Initially, I demo traded for several months, relying on the right broker to enable a smooth transition to live trading. After thorough evaluation, I selected Turnkeyforex alongside a few others based on initial positive reviews.

Personal Experience

My journey with Turnkeyforex began with a minimal deposit of $10. Over time, as I was satisfied with their execution, cost efficiency, and overall trade management, I decided to upgrade to full-time trading. So far, I've been thoroughly impressed by the depth of services they offer.

Key Features and Services

Low Spreads and Commissions: Turnkeyforex ensures competitive pricing, with spreads ranging from 0.1 to 0.4 pips for major currency pairs. The company also offers reasonable trading commissions of 2 per 100,000 units traded.

Instant Execution: Traders experience minimal slippage, with orders being executed immediately without issue. The platform has never required me to requote during trades.

Quick Withdrawals: Turnkeyforex has a streamlined withdrawal process that typically processes my requests on the same day. This flexibility caters well to my trading needs.

Additional Benefits and Considerations

Having started with Turnkeyforex due to low commission and deposit requirements, I soon realized their service encompassed numerous other advantages. Most notably, they do not charge fees for withdrawals. Additionally, they reimburse up to 7.5% of deposit transaction fees, which is particularly beneficial for new traders.

Airtime services like Skrill and Neteller could enhance the platform's appeal for a broader user base. As of now, the website offers comprehensive information and efficient chat support, enhancing user experience. Initial reviews on demo accounts have been largely positive, though some critiques exist.

Ultimate Recommendation

While my experience with Turnkeyforex has been positive, it is crucial for traders to assess their own requirements before making a decision. Utilizing demo accounts allows traders to evaluate a broker's performance accurately. In my case, Turnkeyforex has shown consistent reliability and service excellence, making it a good broker for those looking for competitive pricing and efficient execution.