TurboForex opinion

Opinions and information about the forex broker TurboForex


TurboForex (they are part of Turbo Trading Limited) is a Forex broker that began operating in 2010. This broker is located in the city of Napier, New Zealand.

If you look at the broker regulation, as it is regulated by the FMRRC.

TurboForex website
TurboForex website

If we see the account types that the broker offers, we can differentiate 5 different types of accounts. Mini Account, with a minimum initial deposit of $ 250 is the "most basic" account and with the lowest initial deposit. It is followed by the Standard Account, with a minimum deposit of $ 1.000, with the same leverage as the Mini Account (1: 500), and with the difference that the stop out is 20% versus 10% for the Mini Account. Then we have the Premium Account, with a minimum deposit of $ 10.000. Then we have the Fixed Account, with a minimum initial deposit of $ 1.000, one of the biggest differences between this account and the previous ones is that it has instant execution and a spread from 3.0 pips. The last type of account is the InterBank account, with a minimum deposit of $ 5.000, this is the only type of account that does have a commission, and where the leverage changes, here it is 1: 200 while in the rest of the accounts it is 1: 500. Also, this is the only account type where bonuses are not applied, and the stop out is 40%.

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Regarding the platforms supported, when trading with TurboForex it is possible to use the famous MT4 and with TurboForex's own web platform.

As for resources and tools that the broker offers on its website we can see a section dedicated to the training or education of the trader, with educational videos, tutorials, video courses and even webinars. In this sense, it has various tools for the trader.


Features of the TurboForex broker



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Additional information about the company


Phone number: + 46-9-889-3233 (international)

E-mail: [email protected]

Website: www.turboforex.com

Clarification: Note that TurboForex works in different countries, so the information provided may not apply to your country.

*Bonuses or promotions: Bonus up to 100%: Deposit of $ 500 up to $ 999 25% bonus, deposit of $ 1.000 up to $ 4.999 50% bonus, deposit of $ 5.000 up to $ 9.999 75% bonus, and deposit greater than $ 10.000 100% bonus.


TurboForex valuation


With the information we have so far, the comments and reviews of users and traders, our opinion is that TurboForex is a broker that should not be trusted. We have read numerous recent comments about clients with problems when wanting to withdraw their money, in our opinion it is not recommended.

Do you know this broker? Have you operated with him? Do you think that our opinion is not correct? Leave a comment with your experience.


Are you part of TurboForex? Are you a representative or worker of the company? Write to us here >> use this form << 


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18 comments on «TurboForex»

  1. Santiago Reply

    I said that if someone needs help with the identification of Lenin Merizalde or Leonardo Rojas, I have already found the real names of those 2 people who pretend to be advisors… write to me and I will pass on the data

    • Reliable Forex Brokers Post AuthorReply

      Hello Santiago, thank you very much for your comments… Could you tell us something more about your experience with TurboForex?

  2. Renato Reply

    Unfortunately I agree with the majority, TURBOFOREX IS NOT RELIABLE AND SCAM; I have been operating for more than a year, and everything is fine while investing, but since October I want to withdraw my money and until now I have not had any response, they said they would contact me from London because they closed the office in Uruguay, however they stopped answering my messages , emails, Skype calls and all the means where I could communicate with them. every attempt to withdraw or return my money that I want to make for your page has been denied and / or not attended. It's been months and I'm still trying to get my money back, I hope I have a solution.

    • Reliable Forex Brokers Post AuthorReply

      Hello Renato, it is a real shame what you say about TurboForex… How long have you been waiting for the withdrawal of your capital? Do you remember how you came to find TurboForex?

      A greeting.

  3. Eduardo Reply

    Unfortunately it was my first bad experience in the Forex market. a very aggressive commercial, and when I wanted to withdraw my money, everything got caught. It took me over a month to withdraw it and TurboForex charged me a large commission. Watch out.

    • Reliable forex broker Reply

      Hi Eduardo, thank you very much for your comments, could you tell us how long ago this happened to you?

      a greeting

  4. zunilda Reply

    Turbo Forex are scammers, two months ago they had the apparent kindness to contact me from London to ask me what had happened in my open account in Uruguay and to request the withdrawal again through the page. A total fallacy. They are scammers from start to finish.

    • Reliable forex broker Reply

      Hello Zunilda, thank you very much for sharing with us your experience with Turbo Forex, greetings.

  5. Luis Reply

    I have been taken for a ride in turbo forex total fraud last by all the scammed, they have never helped me with withdrawals, rather an illegal money collector.

    • Reliable forex broker Reply

      Hello Luis, we are very sorry to read about your experience, greetings and thank you for sharing it with us.

  6. perezpaez Reply

    Hello, pass on these people, there really are so many brokers, do not mess with these, they are going to lose, but most certainly greetings.

    • Reliable forex broker Reply

      Hello Perezpaez, thank you very much for sharing your opinion with us, greetings.

  7. Jjjjj Reply

    Hello, I do not recommend them at all, they are a scam, not at all honest, for NOTHING. I hope to help someone not to invest with them with this comments

    • Reliable forex broker Reply

      Hello JJJJJ thank you very much for sharing your opinion with us.

  8. Joseph Reply

    I opened my account at the beginning of November 2016 with almost $ 5000 dollars and the first month with the advice of Claudio Nieto I had a profitability of $ 580 dollars but when I wanted to withdraw the deposit they divided it into two parts, one of $ 500 and another of $ 80 and in my bank account only the $ 80 was reflected, to date I still do not receive the other $ 500 dollars, for this reason I decided to withdraw my capital from the account and they took away the 10% that according to not complying with the volume requested by the Stock Market and it has to be given that 10% since the currency market is not part of the Stock Market, they are very skilled at talking but they turn themselves upside down saying things that are not true, they send false documents to keep you entertained and think that if they are following your case when in reality what they are doing is continuing to steal their money from more people.
    Claudio Nieto also works with another Institutional Liquidity company, he left them his website so that they will not fall with that company since it is also a scam http://www.ilq.com
    My bank is advising me for the complaint process, we already have several people that we have contacted through the various internet blogs that have the same problem, I leave my email for those who are interested in the refund of their capital [email protected]

    • Reliable forex broker Reply

      Hello Jose, we thank you for sharing your experience with us, you will surely help many traders to be more careful with these companies, greetings.

  9. Juan Ochoa Reply

    Well, I do not recommend them at all they are petty thieves, better move on from turboforex

    • Reliable forex broker Reply

      Thank you very much for sharing your opinion with us!

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