Turnkey Forex Review 2026
Established in 2016
•
Mauritius
• FSC Regulated
Turnkey Forex offers forex and CFD trading services with a 3.6/5 rating. Regulated by FSC, this broker offers spreads from 0.0 pips on EUR/USD with a minimum deposit of $10. Trade 100+ instruments including forex, CFDs, and more.
📊 Turnkey Forex Overview
Turnkey Forex (Turnkey Global Ltd) is a well-established broker founded in 2016 headquartered in Port Louis, Mauritius. The broker operates under the supervision of FSC .
With access to 100+ tradable instruments including 65 forex pairs , 5 cryptocurrencies , and various indices, Turnkey Forex caters to diverse trading strategies.
| Legal Name | Turnkey Global Ltd |
|---|---|
| Founded | 2016 |
| Headquarters |
Port Louis, Mauritius
|
| Primary Regulation | FSC (Tier 3 - Basic) |
| Instruments | 100+ assets |
| Min Deposit | $10 |
| Max Leverage | 1:500 |
📖 Turnkey Forex — In-Depth Introduction
With roots dating back to 2016, Turnkey Forex has 10 years of experience in the brokerage industry. Turnkey Forex holds a license from FSC, providing basic regulatory coverage. Traders should understand that offshore regulation typically offers less investor protection than major financial centers. With a $10 minimum deposit requirement, Turnkey Forex removes barriers to entry for new traders.
Company Background
Turnkey Forex (legally Turnkey Global Ltd) has been operating in the financial services industry for 10 years. Headquartered in Port Louis, Mauritius, the broker has established a solid track record through various market conditions.
The broker provides access to 100+ tradable instruments.
💸 Turnkey Forex Fees — Complete Cost Analysis
Trading costs at Turnkey Forex are reasonable, with 1.0 pip spreads on EUR/USD representing fair value in the current market. Turnkey Forex's ECN accounts feature $3.0 commission per lot, combined with raw spreads. Total trading costs often work out lower than spread-only accounts for high-volume traders. For context, a day trader executing 5 round-turn trades daily at 1 lot each would pay roughly $50 in spread costs per day with Turnkey Forex. Over a month (22 trading days), that's $1100.
Trading Costs Breakdown
💡 Cost Calculator: Turnkey Forex
Non-Trading Fees
| Fee Type | Turnkey Forex | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is Turnkey Forex Safe? — Complete Security Analysis
The 52/100 Trust Score reflects Turnkey Forex's middle-ground approach to safety. Not the safest option available, but not the riskiest either. Fund protection at Turnkey Forex may be more limited than tier-1 regulated brokers. We recommend not depositing more than you can afford to lose.
Regulatory Framework
Limited investor protection. Exercise caution and only invest what you can afford to lose.
Security Features Checklist
Understanding the Trust Score
Our 52/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use Turnkey Forex?
✅ Best For
- Beginners will appreciate Turnkey Forex's low $10 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Muslim traders can benefit from Turnkey Forex's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on Turnkey Forex
Turnkey Forex is a decent option worth considering with a 3.6/5 rating.
📈 Turnkey Forex Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how Turnkey Forex performed in our rigorous testing:
Turnkey Forex is a decent choice but has areas that could be improved.
💰 Turnkey Forex Fees & Spreads
Understanding trading costs is crucial for profitability. Turnkey Forex uses a Raw/ECN spread model with commissions of $3.0 per lot round turn.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | N/A | N/A pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | $3.0/lot |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with Turnkey Forex:
- Spread Cost: 1.0 pips × $10/pip = $10.0
- Commission: $3.0 round turn
- Total Cost: $13.0 per lot
🛡️ Turnkey Forex Regulation & Safety
Turnkey Forex is regulated by FSC, a Tier 3 - Basic regulatory authority. While regulated, traders should be aware that offshore regulation may offer less protection than tier-1 jurisdictions.
📜 Regulatory Licenses
- FSC Mauritius C116000072
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 52/100
Lower Trust: Exercise caution and verify all regulatory claims independently.
🖥️ Turnkey Forex Trading Platforms
Turnkey Forex offers 3 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✓ | ✗ |
| Copy Trading | ✗ | ✗ | ✗ |
| Algo Trading | ✓ | ✓ | ✗ |
| VPS Available | Not offered | ||
| API Access | Not available | ||
🌐 Turnkey Forex Tradable Instruments
Turnkey Forex offers access to 100+ tradable instruments across multiple asset classes. This includes 65 forex pairs , 5 cryptocurrencies .
👤 Turnkey Forex Account Types
Turnkey Forex offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Not available
💳 Turnkey Forex Deposits & Withdrawals
Turnkey Forex requires a minimum deposit of $10 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ Turnkey Forex Pros & Cons
✅ Pros
- Regulated by FSC with investor protection
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Low minimum deposit of just $10 makes it accessible
- Negative balance protection for retail traders
- Swap-free Islamic accounts available
❌ Cons
- Offshore regulation offers less protection than tier-1 jurisdictions
- No copy trading feature
- Limited educational resources for advanced traders
📚 Turnkey Forex Education & Research
Turnkey Forex's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 Turnkey Forex Customer Support
Turnkey Forex offers customer support to assist traders with their queries.
⭐ Turnkey Forex User Reviews
📝 User reviews will be displayed here. Share your experience with Turnkey Forex!
Write a Review🏆 Turnkey Forex — Our Verdict
Turnkey Forex is a decent broker with some limitations. With FSC regulation, 0.0 pips EUR/USD spreads, and a $10 minimum deposit, this broker is particularly accessible for beginners .
Best for: Beginners with limited capital
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ Turnkey Forex — Frequently Asked Questions
Is Turnkey Forex a safe and regulated broker?
Yes, Turnkey Forex is regulated by FSC, which is a Tier 3 - Basic regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at Turnkey Forex?
The minimum deposit at Turnkey Forex is $10. This is considered low and accessible for beginners.
What trading platforms does Turnkey Forex offer?
Turnkey Forex offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are Turnkey Forex's spreads on EUR/USD?
Turnkey Forex offers EUR/USD spreads . The broker uses Raw/ECN spreads. On ECN accounts, there's a commission of $3.0 per lot round turn.
How long do withdrawals take at Turnkey Forex?
Withdrawal processing times at Turnkey Forex depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does Turnkey Forex offer a demo account?
Yes, Turnkey Forex offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is Turnkey Forex's maximum leverage?
Turnkey Forex offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use Turnkey Forex in ?
Turnkey Forex accepts traders from . The broker operates under FSC regulation. Always verify current availability and applicable regulations on the broker's website.
Does Turnkey Forex offer Islamic (swap-free) accounts?
Yes, Turnkey Forex offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact Turnkey Forex's support to request an Islamic account.
What instruments can I trade with Turnkey Forex?
Turnkey Forex offers access to 100+ tradable instruments:
- 65 Forex currency pairs
- 5 Cryptocurrencies
- 10 Index CFDs
- 8 Commodities
