The support team is available 24/7 and is known for its prompt and helpful responses. This is especially beneficial for beginners who may have questions or need assistance with their trading activities. Regulated by the German Financial Authority and operated as a SaaS setup, the company provides clear and tangible values for the financial market. Price is one of the most important considerations when selecting WL solutions to launch a Forex brokerage firm. It might be difficult for newbies and even seasoned Forex pros to identify the best alternative because so many businesses are now offering White Label solutions.
All the costs and features of the two trading accounts are discussed in the next section below. For beginners who want to build their skills, MetaTrader (4 for forex and 5 for CFDs and multiple other assets) may be easier to learn and use. For advanced traders, Act Trader comes with unique benefits, such as backtesting. Perhaps one of the main benefits of joining one of the two platforms above is that most forex brokers offer them. So, even if you decide to try another broker, you do not need to learn how to use a new platform.
Turnkey Forex Review – MT5
Has been the main tool that helps FXOpen traders make deposits and withdrawals to trading accounts since 2014. Turnkey Forex offers commission-free trading on its STP account. Expert Advisors and algo trading can be made use of, on these accounts.
Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. Most if not all the features of Turnkey so far indicate a specialized broker ideal for traders with experience. The main difference consists of whether your strategy would benefit from tight spreads and a low commission, or a higher spread with no commission. This eventually boils down to the volume traded and your specific objectives, but the costs are similar. Perhaps the best way to find out which one suits you is to open a demo account and compare your costs of trading using both types. Usually traders are writing about conditions, but my first impression about this broker was through customer support.
Turnkey Forex Review
It’s now a versatile, multifunctional product used to satisfy the existing and emerging needs of hundreds of thousands FXOpen traders. Over 30 ready-to-go technical connectors to major FX liquidity providers included,
featuring the largest tech hubs like Integral and Currenex. The minimum deposit needed to trade is 0.0003BTC or equivalent cryptocurrency that turns out to be $10 (approx). You can easily open a live trading account by clicking on the ‘Start Trading’ button given on the website’s homepage.
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. If you are just looking for easy market access to scalp the forex market or run automated strategies and don’t turnkey forex broker mind the lack of regulation, then they may be worth a look. You can even try them out with a free demo account or start trading from as little as $10. Being one of the most technologically advanced trading platforms, MT5 provides modern traders access to a first-rate trading experience in forex, indices, commodities, and cryptocurrencies.
Turnkey Forex Trading Platforms
The sublicensing system is quite simple and available for immediate use as soon
as it is connected. Satisfy the needs of the most demanding clients with advanced trading orders,
multilingual trading terminals, and algorithmic trading capabilities. Get access to advanced analytics modules, KYC/AML services, and 60+ fiat payment system integration.
There is also an abundance of free and paid tools that you can add to the platform from the MQL marketplace. If that wasn’t enough, Turnkey Forex have kindly provided some standalone tools to further enhance the trading experience. As an independent technology solution provider for the trading community, 360T is committed to providing functionality and development and is a strategic consultative partner in its clients´ success.
Top 5 Forex Brokers
I’m able to focus solely on my trading without worry about paying high fees in terms of overall trading cost. It is quick and easy to deposit funds into the Turnkey Forex trading account. There is a wide range of payment methods including Credit Cards, Debit Cards, Cryptocurrencies (including Stable Coins), VLoad, and Bank Wire transfers.
- PAMM accounts of Turnkey Forex are an excellent option for traders with less time or experience to trade profitably.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- 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).
- Turnkey Forex offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
- Any potential profits are shared automatically based on the agreed conditions.
Trade execution is from as low as 50ms of latency (0.05 of a second) and settled immediately. Turnkey Forex offers competitive trading conditions, including low spreads and fast execution speeds. The broker utilizes advanced technology to ensure speedy order execution, minimizing slippage and latency. This is crucial for beginners as it allows them to enter and exit trades quickly, reducing the risk of losses due to price fluctuations. Turnkey Forex offers a range of account types to cater to the needs of different traders.
What is the minimum deposit required to open an account with Turnkey Forex?
It allows hedging and scalping as well, and just like ECN account, offers a 100 % deposit bonus by just sending an email to their support team. A Turnkey Solution in Forex trading is a ready-to-use product or service that allows to launch a brokerage company or business with no additional investment or effort on the part of the customer. The Turnkey Providers are typically experts in their field and can offer best-in-class products and services. Since I have relatively larger number of deals on a daily basis, I have tested this broker for a month on a demo account in order to be certain that it can sustain my trading strategy.