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TurnkeyFX Sentiment Analysis

4.6
/ 5 Rating
OVERALL SENTIMENT
POSITIVE

Analysis Summary

The overall sentiment towards TurnkeyFX is predominantly positive, with customers praising the broker's low trading costs, tight spreads, fast execution, and reliable customer support. Most reviews highlight the broker's competitive ECN and STP account conditions, with commissions as low as $1 per standard lot and spreads often near zero. The platform is frequently commended for its suitability for automated trading, scalping, and various trading strategies. However, there are some concerning negative reviews alleging withdrawal issues and potential fraud, particularly involving larger account balances. The majority of users appreciate the fast withdrawal processing, cryptocurrency payment options, and professional service quality.

Pros
Extremely low trading commissions ($1 per standard lot)
Very tight spreads, often near zero pips
Fast trade execution with minimal slippage
Reliable and responsive customer support
Multiple account types (ECN, STP) with good conditions
Fast withdrawal processing, often same-day
Cryptocurrency payment options accepted
Suitable for automated trading and EAs
High leverage up to 1:500 available
VPS services for uninterrupted trading
Multiple trading platforms (MT4, MT5, web trader)
Wide range of tradeable assets
Deposit bonuses and promotional offers
Professional and transparent service
Cons
Alleged withdrawal issues with larger accounts
Some reports of funds being withheld or delayed
Claims of fraudulent practices from some users
Limited stock trading options
Below average swap rates
Some users report mixed ECN/STP order execution issues
Withdrawal methods could be more diverse
Limited regulatory oversight mentioned

Recurring Praises

What users consistently appreciate

Extremely competitive trading costs
Professional and responsive customer support
Fast and reliable trade execution
Excellent conditions for scalping and EA trading
Quick withdrawal processing
Transparent and honest business practices
Tight spreads across major currency pairs
User-friendly platforms and interfaces

Recurring Issues

Common complaints from users

Withdrawal delays and processing issues
Alleged fund withholding for larger accounts
Mixed order execution problems with ECN/STP accounts
Claims of account manipulation for profitable traders

Platform Features

Most frequently mentioned features and services

Low commission structure
Tight spreads
Fast execution speed
Customer support quality
VPS services
Automated trading support
Cryptocurrency payment options
Multiple account types
High leverage options
Withdrawal processing speed