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TurboForex

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Name

TurboForex

URL

turboforex.com

Date founded

Dec 31, 2009

Webinars

Yes

Demo version

Yes

Regulation (trading)

not regulated

Country

New Zealand

Languages

Arabic, Chinese, English, Portuguese, Russian, Spanish, Turkish

Scalping

Yes

Hedging

Yes

Decimal pricing

5 Digits

Max Leverage

1:500

One click execution

Yes

Minimal Lot

0.01

Trading Platform

Tablet

Bonus

100% deposit bonus

Currencies

Currency pairs

48

Deposit methods

Credit card (VISA/Mastercard)

Minimum Initial Deposit

$250

Mini Account:

$250

Standard Account:

$1,000

ECN Account:

N/A

Premium:

$10,000

Withdrawal methods

WebMoney, Neteller, Skrill, Credit card (VISA/Mastercard), Bank wire

Contact phone

+442037342018

Contact email

TurboForex is an online forex broker that was established in 2012 by TF Trading Ltd. The company is headquartered in New Zealand and is licensed and regulated by the Financial Disputes Resolution Scheme (FSP). The Broker offers a broad range of forex trading instruments such as CFDs, various currency pairs, forex indexes, Precious commodities, stocks, and futures; it also provides users with a choice of trading platforms and accounts. 

TurboForex Trading accounts options.

The forex broker provides its clients with five types of trading accounts to choose from; these include mini, standard fixed, interbank and premium trading accounts. The Mini account type requires an initial minimum deposit amount of two-hundred and fifty US dollars, does not charge transaction fees, and allows Market implementation of orders.

The Standard account type requires an initial minimum deposit amount of thousand US dollars, does not charge transaction fees, and allows Market implementation of orders. 

The fixed account type requires an initial minimum deposit amount of a thousand US dollars, does not charge a commission, allows carrying out of Instant orders and offers fixed spreads. 

The Interbank account type requires an initial minimum deposit amount of five thousand US dollars, Charges a Commission for transactions, and allows Instant implementation of orders. 

The Premium account type requires an initial minimum deposit amount of ten thousand US dollars, does not charge transaction fees, and allows Market implementation of orders.
  
In addition, the broker offers a free demo account to allow practicing in forex trading before investing on the trading opportunities.

TurboForex Trading Platform options,

TurboForex uses the MetaTrader4 MT4 trading platform to offer its clients with trading opportunities. The mt4 platform is available in different versions such as desktop client, web-based, mobile trader and tablet client. The MetaTrader4 trading platform has a user-friendly interface and allows the traders to access multiple trading features and tools such as highly developed charting tools, a variety of technical analysis tools and indicators, several types of back-testing features, and use of Expert Advisors (EA) to automate trading activities.

TurboForex bonuses and Promotions

TurboForex provides its clients with a variety of bonuses and promotions; these include a 100 percent welcome bonus after completing the initial deposit. Also, the broker has a loyalty program that award points which can be transferred to the user account as a trading balance or utilized to buying various items at the broker's online shop. In addition, the broker has a referral program that gives a 15 percent commission to clients when they refer a new user to the site.

TurboForex Methods of payment

TurboForex supports a wide range of payment options that clients can use to deposit and withdraw funds; some of these methods are bank wire transfers, credit, and debit cards payments, WebMoney, Neteller, MasterCard, Sofort and Skrill.

TurboForex Customer support services 

TurboForex provides its clients with various methods to get in touch with the customer support staff; traders can use the live chat feature available on the platform, call or request a call back through the phone numbers provided on the website, and email to the support team. Also, users can visit the broker’s social media accounts on Facebook and Twitter to get assistance from the support staff.

In addition, the site features an educational section that contains video tutorials, webinars, and editorials from skilled traders to assist novice traders in learning how to trade in forex markets.

TurboForex Pros   

  • The MetaTrader 4 platform is accessible in a variety of versions for different devices.   
  • The broker provides traders with variable spreads.
  • Most of the broker’s trading accounts don’t charge transaction fees.

TurboForex Cons

  • The broker’s trading accounts offer high initial deposit amount.
  • TurboForex does not accept traders from the USA.
  • Client support services are not available on a 24/7 basis; it is not offered during weekends. 

Conclusion

TurboForex is an online forex broker that is licensed and regulated by the Financial Disputes Resolution Scheme (FSP). The Broker offers a broad range of forex trading instruments such as CFDs, various currency pairs, forex indexes, Precious commodities, stocks, and futures; it also provides users with a choice of trading platforms, different types of trading accounts, and a wide range of payment options. 

Consider visiting TurboForex if you wish to invest in forex trading opportunities to enjoy an excellent trading experience with the benefits as mentioned above.

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Pros & Cons
  • MT4
  • High initial deposit, Floating spreads
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