Content
Mobile trading app is actually a MetaTrader app that clients can download directly from its website and use their credentials to log in. There’s also the Act Trader app, and all of them are available for both iOS and Android. Most of the features are the same as desktop platforms, just more convenient to use. Apparently, TurnKey Forex Limited doesn’t exist in Mauritius or any other financial register, and the brokerage is unregulated. This is yet another on our long list of red flags showing how fraudulent brokers we’re dealing with. Turnkey Forex broker is suspected to be a scam company from an offshore country.
If the final price in an order exceeds the specified threshold, such an order will simply be rejected. TDX Global also offers a wide array of support services for power systems, eliminating the need for multiple contractors and providing you with substantial cost savings. Collectively, our team has nearly 100 years of experience with engine-driven generators and backup power systems of all sizes.
ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. I’m still in correspondence with Turnkey customer support, I hope they’d find the answer to my missing funds soon. On 30Nov2021, Turnkey confirmed to receive the deposit into my Turnkey account. And it was reversed on 23Dec2021, while my bank account showed clearly an outgoing transaction dated 15Nov2021, and nothing came back after that in December.
Top 3 Forex Brokers
Nothing is listed on their website, not in the Terms and Conditions, not in the disclaimer. Turnkey Forex is an offshore company from Mauritius owned by TurnKey Forex Limited. As mentioned, most offshore companies have no financial regulations, which is the exact reason for this Turnkey Forex review. However, we have already fixed this issue and it will not recur in future.
Integrations with other systems, such as customer relationship management software and backend systems, can be accomplished with the help of a fully functional API. CTrader Copy is a fully integrated cTrader feature and a flexible investment platform that allows copying trading strategies, as well as providing one’s own strategies for copying by other traders. The sublicensing system is quite simple and available for immediate use as soon as it is connected. 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. But to expect rapid growth, you need services and technology that are designed considering all the peculiarities of the domain.
1 If you only need some of the solution products, contact us to discuss integration options. It saves you money because you only have to pay one spread for two orders. Hedged orders closed independently will result in two spreads, thereby https://xcritical.com/ costing twice as much. As soon as the price rises over the specified limit, the stop order becomes a market order and is filled at the best current market price. Easily understand the risk your clients are running at any point in time.
Thus, it’s easy to see how much money can be saved with the White Label solution. You can also take into consideration the opinions on different companies offering turnkey forex broker solutions. The setup of a brokerage company is divided into 11 steps that usually takes from 4 to 8 weeks. It is considered that ordering Main Label solves all issues, but in fact, it brings a vast range of issues which needs to be monitored and handled. LXSuite is tailors to your small business needs, offering the power of a large-scale, stable company without any of the fees, hassle, or burden. Launch your own fully branded Forex brokerage with our complete website building services.
Virtually unlimited number of trading instruments
CTrader’s advanced trading capabilities in addition to B2Broker’s aggregated liquidity pool and ongoing support to its clients offer a unique proposition for brokerage businesses. Brokers and customers alike will be able to work with the same amount of capital without worrying about the volatility of different currencies. Brokers can reduce the potentially catastrophic swings in client equity and their own equity by using multicurrency margin accounts. B2Broker allows margin accounts to be held in any of the tradable currencies. Margin accounts in multiple currencies can be linked to one another if the clients’ currencies are correlated. This broker offers access to multiple asset classes, including currency pairs and commodities, indices, and cryptocurrencies.
There are credit card and wire transfer options, but cryptocurrencies are the broadest. We’ve incorporated several companies under various jurisdictions across the globe in the last few years. Our highly equipped team will help select the best jurisdiction that suit your business objectives and get your online trading business up and running in a professional and efficient manner. Having a rather good impression on the trading experience, I’ve decided to continue with Turnkey in November 2021 with a 2nd deposit. As oppossed to most newbie forex traders I have done my research „up to the last page of the rule book“.
An Introducing Broker is a type of broker that does not take on any risk themselves but instead earns a commission for referring clients to another brokerage. IBs are typically independent contractors that work with multiple brokerages as intermediaries between a brokerage and a client. A white label brokerage is one that uses a white label solution provided by a white label provider turnkey brokerage solutions to launch a full-scale Forex brokerage. It has complete independence and control over its operations as a stand-alone brokerage, yet the technology, infrastructure, and support are the responsibility of the white label provider. The features built into our solution package allow you to trade assets like stocks tied not only to fiat money but also to any digital currency.
Traders Reviews
Our whitelabel program allows you to offer your clients the hottest instruments in the market – forex products, indices, energies, metals, individual stocks and cryptocurrencies. We will also work closely with you to optimize feeds, spreads, commissions and price streams. 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. I have contacted their customer service to ask for advice if I could do something about it, and they proposed I switch trades through VPS.
- Although the Forex market is highly saturated and extremely competitive, the trading volumes amount to trillions of dollars, and there is always a place for a new player.
- I don’t think the broker is the most perfect broker in the world but I know they are good enough for me to trust them.
- By using a broker, retail clients can access the financial markets, which would not otherwise be possible.
- B2Broker, based in Dubai, has ten offices in eight locations spanning Europe, Asia, the Middle East, and North Africa.
- A turnkey solution from a forex broker will automatically execute your trades for you, so you don’t have to worry about any details.
- With Leverate’s MT4 5 white label solution you can offer your clients a complete MetaTrader platform with no effort and without breaking the bank.
Our custom API services cover development, deployment, integration and maintenance, streamlining the application ecosystem. We request you to try out our live account for a real hands-on experience with our impeccable trading conditions. They adjust their spreads in their ECN model often and they become wider more than any dealer I have seen. Out of all the dealers that I have Turnkey Forex for most of the day has had 3-4 times the spread..in their so-called ECN account that they charge a commission on. They are not just going to be a vendor or broker technology provider but a partner of your business. As soon as the forex white label is issued, everything is set up and delivered to the broker.
NINE SOLUTIONS Complete Forex Brokerage Solution
Sanfrix offers effective, powerful tools for brokerages in a single platform. They offer fair pricing focused on small to medium businesses with fast and reliable solutions, also with „real-person“ support when I need it. All the knowledge and partnership is delivered by kind and knowledgeable consultants who are truly dedicated to our success. This kind of support really sets Sanfrix apart and I would absolutely recommend it to others, especially those with small businesses like ours. Being one of the first brokers to offer Sanfrix’s solutions, we’ve seen how they’ve become a part of our growth. All the innovation and multiple updates have helped us scale our business.
Perhaps a standout feature of this platform is its risk management tools. You can simulate a what-if analysis, implement a multi-stage strategy, and create automated strategies from charts without any programming knowledge. LXSuite is a complete Forex, CFD and Crypto solution that can help anyone on the totem pole, from novice traders to experienced brokerage firms. LXSuite is a holistic approach that takes care of every detail of running a brokerage. The main advantage is that LXSuite offers a variety of services, knowledge, tools and access to the best experts in the industry.
Make Your Brokerage Business Stand Out
For amateurs and beginners you can offer copy trading as the most simple, yet effective product. For experienced traders you can offer PAMM/MAM which is perfect for private money management. Forex brokers compete for customers offering more and more innovative products and solutions.
Top Turnkey Providers for Trading
This powerful & advanced mobile-based forex trading platform is everything a trader needs for smooth and efficient trading experience on the go. Compatible with iOS or Android smartphones and tablets, this app caters for full trading capabilities with real-time trade alerts and notifications. Allow your customers to trade from anywhere at any time without missing a market move.
Why is LXSuite good for my business?
However WL has its disadvantages, all trades will be monitored by a service provider, as legally you are using WL service provider’s license. Forex rebates reduce the spread or transaction cost paid by a trader on every trade, whet… Tailor the platform to your company’s look and feel, as well as your traders’ needs.
Ongoing monthly costs for full licensing, servers and a technical support team. After all, Forex trading continues to grow significantly, bringing the average broker a profit of $5-10 million per year. Online payment methods play a huge role in any business, especially for a brokerage where currency itself is the business.
Broker offers clients a free Demo account with $10,000 for practicing trading. However, there’s a big difference between having $10,000 and $10, a minimum deposit. You cannot get the real market sense, especially with too high leverage.