| GENERAL INFORMATION | |
|---|---|
| Broker Name | Turboforex |
| Broker Type | Forex |
| Country | Marshall Island |
| Operating Since | N/A |
| Regulation | none |
| Address | Ajeltake Island, Majuro, Marshall Island |
| Broker Status | not regulated |
| CS Phone | 44 20 373 42018 |
| CS Email | support@turboforex.com |
| Languages | English, Spanish, French, Russian,Portugese, Norweigian, Swedish |
| Availability | 24/7 |
| Trading Platforms | Metatrader4 |
| WEB TERMINAL | |
| Trading Platform Timezone | GMT +2 |
| Demo Account | yES |
| Mobile Trading | Yes |
| Web based trading | Yes |
| Bonuses | up to 100% on deposits |
| Other Trading Instrument | Shares, Precious Metals |
| ACCOUNTS | |
| Minimum Deposit | 250 |
| Maximal Leverage | 1 is to 500 |
| Spread Variable | 2.0 pip |
| Scalping Allowed | N/A |
| TurboForex Broker Review
Comments Rating
( reviews)
|
|---|
| If you’re looking for brokers that offer a winning trading experience, you can add TurboForex on your list. This industry leading online trading brokerage was established in 2010 with the goal to offer excellent trading conditions and the most advanced trading technologies. TurboForex has been dynamically growing and has an active position. This broker does not focus in offering just one tradable asset, rather it offers four including currencies, commodities, stocks, and indices. In terms of security, TurboForex ensure the client’s funds are safely kept in the most trusted international banks. TurboForex has its own internal audit of the capacity of its funds to accomplish its duties to traders. TurboForex Notable Feature/sThe very first feature to take note about 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. Second, this broker doesn’t set any rules that would limit your trading, meaning it doesn’t have minimal open trade period or a minimal difference for opening and closing trades. The third feature is what makes trading with TurboForex really worth it. Bonus offerings. TurboForex regularly offers one of its deposit bonuses, but also quite often it offers 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 • Opportunity to copy deals automatically • Up to 100% bonus per deposit • Trading points for each closed trade What do we think?TurboForex has proved to be a competent and reliable broker with appropriate financial products offering and excellent trading platforms. Customer support is excellent and the broker also has favorable commissions and fees. When it comes to its fees and commission, TurboForex doesn’t provide much information about the fees involved when trading with them other than the spreads associated with each account type. There are five trading account types, four of which have variable spreads and one with fixed spreads |
TurboForex
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Avoid by all means
Avoid this forex broker by all means. They will take your money but will not let you withdraw.
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Avoid this broker
Avoid this broker at all costs. They keep on asking for money but will keep on giving you losing trades.
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Not regulated broker
This is not a regulated broker. People are nice but it is very unsafe to trade with them.
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Do not deal with this broker
Do not deal with this broker service. They will give you a hard time withdrawals.
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Slow withdrawals and customer service
Worst forex broker in terms of withdrawal and customer service. Both slow in all processes.
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Super slow customer service
Super slow customer service. I called with an urgent matter to resolve, imagine it took them days to answer.
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They will not let you withdraw
Stay away from this broker service. They will take your money but will never let you withdraw.
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Slow withdrawal
Very straight forward in giving out trading instructions but withdrawal is slow.
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Don't trade with them
I had a really very bad experience with thier customer service. I was treated badly and even mock me while I am doing some follow up on my missing withdrawals. Don’t trade with them.
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Missing withdrawals
I got missing withdrawals from this broker. They said it has been processed but nothing on my bank account. It is under investigation for a month now, I am hopeless, don’t know when and how to get my money.
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Stay away from them
I wonder how many lives have been affected by this broker service. They capture people’s money and won’t let withdrawals. This serves as a warning, stay away from them.
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Good broker
I have been trading with this broker since last month and so far all is good.
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Manipulative and greedy
Signals are okay however brokers are very arrogant. They are manipulative and very greedy. They always want more money from me and so I decided to quit as early as week 2.
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As if it is fake trading
I saw a lot of bad reviews about their services that I wish I read before joining them. I have lost huge money as if it is just fake trading and just hooked me up to get my money.
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Expensive
Too much expensive to trade with them. I’ve got so many things to pay for.
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Poor broker signals
Friendly customer service however the signals are not profitable so I need to look for the more efficient broker than this.
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Suspected shadiness from this broker
I suspected shadiness from this broker. I am having a series of losses and facing difficulty in withdrawals.
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Huge slippage
Their trading platform has a huge slippage. I notice that data on thier platform are not too accurate as well. As if something is wrong.
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Do not trust this broker
Do not trust your money with this forex broker. They will show you good things at the start to convince you but eventually, you will lose all the money you have invested in them.
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Everything is a mess
Everything is a mess. Signals and terms are very poor, withdrawal is also very slow.
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I regret using the services
I regret using the services. Their customer service is very difficult to contact and withdrawal is very slow.
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Poor customer service
Poor customer service. As if their customer service representatives are just new and don’t know what to do. They don’t even have good behavior towards clients.
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Poor broker signals
Poor broker signals. I’ve traded with this broker for 2 months and everything is a mess. Signals are not really accurate.
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Don't trade with them
Don’t trade with this broker, don’t even dare to try to use thier demo account. I have tried their demo account and I started getting so many unsolicited calls that are really annoying and disturbing.
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Worst technical issues
Worst technical issues I have encountered. I even have trades that I can’t close due to system errors and it is taking them so long to fix it.
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Not even a single positive experience
I haven’t had any single positive experience with this broker. Bad customer service, poor signals, and slow withdrawals.
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I got nothing but losses
I got nothing but losses with this broker service. I know that losing in forex is normal but if all trades are losing there seems to be a problem with the broker.
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Unethical transactions
Very unethical transactions. No notices, no permissions, nothing. They move trades anytime. I have lost a lot of money on this.
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Will not let withdrawals
This broker service takes money away. Will just lure you to deposit for more but will let you lose your money and worst will not let withdrawals.
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I lost money on this unregulated brokers
It is very risky to trade with them. They have not licensed brokers, I learned all of this after I lost my money with this broker service.
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Smooth deposit, extremely difficult withdrawals
Very quick deposit process smooth and easy but withdrawals are extreme. It is really very difficult to complete the required documents to get the withdrawal request approved.
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Unregulated brokers
These are unregulated brokers, it is not safe to trade with them. It’s too late, I already lost my money when I found out that they are not authorized, brokers.
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Frustrating withdrawal process
I am happy with customer service, they are very friendly and is willing to help me always. I am however frustrated with the withdrawal process, it took them longer than usual to process my withdrawals.
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Not a good broker
Not a good broker, do not use their services…
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Trading bonus is just a trap to make withdrawal impossible
The bonus offered by this broker is solely a trap for them to capture your money. Once you took advantage of what they will offer you a bonus, in return, you will be having a hard time requesting for withdrawal.
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Unregulated broker
Very unsafe to trade with this broker, they are not regulated and I notice something wrong when I traded with them. I wish I was able to read these reviews first before opening a live account.
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Rude and sarcastic customer service
Very, very rude and sarcastic customer service. I am trying to seek assistance for my withdrawal but they are really unhelpful.
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Don't dare to use this broker service
I am still fighting with this broker for me to get my refund. Don’t dare to use their services else you will lose all your money.
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Very unsafe to trade with this broker
It is very unsafe to trade with this broker if only I get to read this review before opening a live account with them. They are not regulated and it reflects on how they manage your trading account. they will just take your money as if it’s fake trading.
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Tough withdrawal process, long wait for withdrawal
I have used their services in the past and I really won’t use it again. They have a very tough withdrawal process and you will have to wait over a week for the money.
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Harassing and arrogant employee
If I can only put zero, I would. Very arrogant and harassing employees. Do not use their services at all.
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Stay away from this broker
They have disabled my account when I request to withdraw my money and close my trading account. Stay away from them. They will run away with your money.
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Warning! This broker will steal your money
I want to share with you a very bad experience I had with this broker. They had me undergo runaround on trades, spread changes, etc. but apparently it is their scheme to put me on losing trades and steal all my money. Warning to all, do not deal with them.
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I want my money back
Do not deal with this broker! I had been filing several requests to withdraw my money but nothing happens. I even decided to refund all my money but seems like its really impossible for me. I just want my money back.
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Do not deal with them
Not a good broker. Withdrawal is so difficult and slow. The customer service hotline is always busy, very difficult to get through.
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this broker is fraud.
No doubt, this broker is fraud. Their demo account is fake and more so the live account. I have deposited and redeposited on a live account but when it comes to withdrawal request, they will always tell me that I have violated their policy. And would even lure me to trade my profit. Much to my surprise one day, I lost all my money in my trading account. It’s as if it they are manipulating their charts.
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Good services
A broker with a good reputation. Spreads are good and amazing customer service. I will stay trading with this broker.
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Help me to get more experience
Since this was my first time this broker, I tried their demo account. It helped me to understand the process behind trading with currencies. Now I already deposited few hundred dollars and I am about to trade on a live account. Hoping for a positive result after doing so.
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