TurboForex Review

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TurboForex Broker Review
GENERAL INFORMATION
Broker NameTurboForex
Broker TypeForex
CountryMarshall Island
Operating SinceN/A
Regulationnone
AddressAjeltake Island, Majuro, Marshall Island
Broker Statusnot regulated
CS Phone44 20 373 42018
CS Emailsupport@turboforex.com
LanguagesEnglish, Spanish, French, Russian, Portuguese, Norwegian, Swedish
Availability24/7
Trading PlatformsMetaTrader4
WEB TERMINAL
Trading Platform TimezoneGMT +2
Demo AccountYes
Mobile TradingYes
Web based tradingYes
Bonusesup to 100% on deposits
Other Trading InstrumentShares, Precious Metals
ACCOUNTS
Minimum Deposit250
Maximal Leverage1 is to 500
Spread Variable2.0 pip
Scalping AllowedN/A

TurboForex Review Content:

  • TurboForex Notable Feature/s
  • TruboForex Account Types
  • TurboForex Platforms
  • Promotions
  • Methods of Payment
  • TurboForex Education
  • TurboForex Review: Customer Support
  • TurboForex Review: What Do We Think?

TurboForex Broker Review:

Comments Rating 1.87 (100 reviews)

TURBOFOREX logo

TurboForex 2020 Review

If you’re looking for brokers that offer a winning trading experience, you can add TurboForex onto your list. TurboForex is an offshore broker. Its headquarters are in St Vincent and the Grenadines. Also, this industry-leading online trading brokerage was established in 2010 with the goal to offer excellent trading conditions and the most advanced trading technologies.

Also, TurboForex has been dynamically growing and has a current position. However, this broker does not focus on offering just one tradable asset; instead, it provides four including currencies, commodities, stocks, and indices.

Also, in terms of security, TurboForex ensures that client’s funds are safely kept in the most trusted international banks. Besides, TurboForex has its internal audit of the capacity of its funds to accomplish its duties to traders. Continue reading about the TurboForex review.

TurboForex Notable Feature/s

Also, the very first feature to take note of TurboForex is its low spreads. TurboForex is one of the online trading brokerages that offer the lowest spreads in the market, both fixed and variable. Moreover, this broker doesn’t set any rules that would limit your trading, meaning it doesn’t have a minimal open trade period or a minimal difference for opening and closing trades.

TurboForex Review, TurboForex Review

However, the third feature is what makes trading with TurboForex worth it. Bonus offerings. In addition, TurboForex regularly offers one of its deposit bonuses, but also quite often gives traders something more unique such as “Second Life” or “0-spread accounts”.

In addition to these benefits, TurboForex also offers the following:

  • Full compensation of commissions for any funds processing
  • Also, an opportunity to copy deals automatically
  • Besides, you’ll get to 100% bonus per deposit
  • Moreover, trading points for each closed trade

TruboForex Account Types

TurboForex provides clients with a wide variety of account types. Also, traders can choose from any account they see fitting their trading knowledge and their trading style. All account types are compatible via the MT4 platform and allow the use of leverage up to 1:500.

TurboForex

  1. Mini Account – The minimum deposit is 250.00 USD. It is suitable for those traders who trade smaller volumes.
  2. Standard Account – Minimum deposit is 1,000.00 USD. It is suitable for intermediate level traders.
  3. Premium Account – The minimum deposit is 10,000.00 USD. The account is targeted at experienced traders, with overall lower trading costs.
  4. Fixed Account – Offers the lowest fixed spread on the market for long term traders. The minimum deposit is 1,000.00 USD.
  5. Interbank Account – The min deposit is 5,000.00 USD. More suited for higher deposit clients, with direct access to interbank markets.

Also, the broker offers traders some impressive benefits like:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low minimum deposit

TurboForex Platforms

In addition, TurboForex offers the trading platform every trader trusts the most, which is MetaTrader 4. Clients of TurboForex can trade via the MetaTrader 4 Desktop, Webtrader, and Mobile or Tablet. Thus,  you can trade both ways: on the go or at home on a safe and trusted platform.

Promotions

TurboForex has several types of promotions. The first one is an up to 100% deposit bonus, which could be given for every deposit the client makes. There is also the points system, which seems to be a type of loyalty program where points can be used for purchases in the broker’s shop or converted into trading balance. The broker also offers a refer a friend 15% commission.

TurboForex

Methods of Payment

TurboForex provides several funding options: bank transfer, debit and credit cards, and the popular electronic payment systems Neteller, Skrill, and WebMoney, as well as the German payment system Sofort.

TurboForex Education

The broker offers a wide selection of educational resources. Understanding trading and effectively using strategies is an integral part of successful trading.

Besides, it’s imperative to have a decent comprehension of the TurboForex exchanging devices and the business sectors. Having an analytical approach may be an excellent way to approach trading with TurboForex.

TurboForex

TurboForex offers a decent choice of instructive assets. Invest some energy looking into how the business sectors and exchanging functions, make dynamic exchanges, trading times, and managing risk.

Moreover, having a systematic methodology might be a decent method to move toward exchanging with TurboForex.

Set aside other things and put some effort into checking out the TurboForex education materials and train yourself to think like a real trader. It’s a new skill-set for many, but it is what the market requires of you.

TurboForex Review: Customer Support

TurboForex offers multilingual customer support in English, Spanish, Portuguese, Czech, Chinese, German, French, Italian, Romanian, Slovenian, Hindi, Polish, Hebrew, Arabic, and Russian.

However, there is one disadvantage: TurboForex offers lower quality customer support features compared to other brokers like live chat, phone, and email support.

contact

TurboForex review: Livechat Support at TurboForex

We tested the TurboForex live chat, and it works quite well. However, the answers were not consistent, as sometimes sites took more than an hour to get an answer we wanted. However, sometimes there was no response.

Email Support at TurboForex

We also sent a few messages to TurboForex, and answers were considerably quick. The quickest reaction from TurboForex was 4 hours, and the slowest response was five days. Sometimes there were no answers at all.

TurboForex Review: What Do We Think?

Besides, TurboForex has proved to be a competent and reliable broker. It has appropriate financial products offering an excellent trading platform. In addition, customer support is unique, and the broker also has favorable commissions and fees.

However, when it comes to its fees and commission, TurboForex doesn’t provide much information about the expenses involved. For example, when trading with them other than the spreads associated with each account type it is a bit unclear. Also, there are five trading account types, four of which have variable spreads and one with fixed spreads.

It offers more or less average trading conditions and, like most unregulated forex brokers that do not try too hard, it has a reasonably high initial deposit.

Its floating spreads with no commission may appear lucrative at first, but on second thought, they may not be that favorable.

Before making any type of a decision, make sure to do additional research. We wish you good luck trading!

TurboForex
  • Support
    (4.5)
  • Platform
    (4.5)
  • Spreads
    (3.5)
  • Trading Instument
    (4)
Overall
4.1

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100 Comments

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