✔️ Information reviewed and updated in April 2024 by Eduardo López
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.
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%.
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)
Email: [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.
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Hello Santiago, thank you very much for your comments… Could you tell us something more about your experience with TurboForex?