Forex Broker Turnkey Solution from Soft-FX, Start Brokerage with White Label Software

The process for approving brokerage activity varies in different countries. Costs and requirements differ, but so does each jurisdiction’s reputation. Additionally, reputation can impact the types of clients involved, the capacity to create an offshore bank account, and the ability to engage in legal operations https://www.xcritical.com/ in particular jurisdictions. Finally, it’s worth noting that this forex broker is very flexible when it comes to deposits and withdrawing money. InstaCoin and crypto payments are processed immediately, while VLoad depends on your tier. Deposits via debit and credit cards and bank transfers are also possible.

Nonetheless, having a regulatory certification from a major financial institution is the way to go for brokers to ensure a more secure trading investment among clients. The broker provides a conducive trading environment to its clients for trading forex, cryptocurrencies, commodities, and indices. They started from being an investment adviser, to becoming one of the most trustworthy brokers to their clients. Their interactive and transparent connections with their customers 24/7 have earned them the label of being one of the most reliable brokers.

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Customer service is available 24/5 and the broker takes pride in its ability to provide help without delay. 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). Perhaps one aspect that could be improved is to extend customer service to 24/7, considering that some markets (like cryptocurrency) are open 24/7. Overall, both MetaTrader and Act Trader are powerful platforms. 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.

• Prices come straight from liquidity aggregators, without any market maker interference.
• For those of you who need something more, you can develop your own trading tools in the MetaTrader programming interface or hire a freelancer to do it for you.
• I learnt that there is also protection against negative balance.
• Turnkey Forex provides this service to traders who run complex algorithms and those who want to build their own trading systems.
• I think this account could be considered for anyone trading mid to long term who is not too concerned about the spread and would rather not pay a commission.
• 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.

It connects traders to liquidity providers at lightning-fast speeds. The connection is fully secured, courtesy of the SSL layer and it offers premium pricing and fast executions. FIX API is available to those traders who deposit a minimum of $25,000. All in all, Turnkey is a good broker for intermediate and advanced traders who understand the additional risks of using the services of an unregulated broker.

A super cost-effective solution

Their instant web chat can instantly connect anyone on their website to their customer support desk. There is no restriction to anyone from making use of the various benefits offered by the broker. Conversely, the forex turnkey solution has no control over the final product at any stage.

On top of that, the broker is committed to providing patented customer care for optimal trading experience. It is also good to note that a minimum deposit of $100 will qualify clients for a 100% deposit bonus. Turnkey Forex is a forex broker designed to facilitate trading for retail and institutional traders. This broker includes support for a variety of asset classes including currency pairs, commodities, indices, and cryptocurrencies. Turnkey Forex includes VPS hosting, robo trading, and trading calculators as well as access to MT4, MT5, and Act Trader. Learn everything you need to know about this forex broker by reading our complete Turnkey Forex review.

Solution overview

A FOREX broker is an intermediary that operates as a middleman between a trader and the market. By using a broker, retail clients are able to gain access to the financial markets which would not otherwise be possible. The majority of FOREX brokers provide traders with the opportunity to trade not just currency pairs, but other asset classes including indices, metals and energies. Launched back in 2016, Turnkey Forex has its headquarters in Mauritius. They provide all types of traders with CFD instruments for manual and automated trading on the popular MetaTrader platforms. I like how the broker has no sales culture and believe in the mantra; ‘Customer is king’.

Keep reading this Turnkey Forex review to find out if its features and tools are the right match for you. Physical proximity to all trade servers of major exchanges, liquidity providers, banks and other financial institutions. Average distribution of sources of income and costs in the financial plan of brokerage company.

Business Model

Turnkey Forex asserts that only raw spreads from 20 liquidity providers will be streamed to your platforms via its ECN network. The trading servers are located in Amsterdam and London, both popular destinations for brokers. Turnkey Forex insists that it is a pure ECN broker that uses modern technology to aggregate liquidity from the liquidity providers in order to give you the best prices available. There is No Dealing Desk (NDD) 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.