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TurboForex

New Zealand|5-10 years|
Regulated in New Zealand|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|New Zealand Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|

https://www.turboforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
TurboForex1-DEMO MT4
Server Location France

Contact

+44-20-373-42018,+61-39-021-69-29
support@turboforex.com
https://www.turboforex.com/
https://www.facebook.com/TurboForexRussia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
TurboForex
Fusion Markets
MaximusFX

Contact number

English

+44-20-373-42018,+61-39-021-69-29

English

+44-20-373-42018

Chinese (Simplified)

442037342018

Russian

+ 7-495-480-88-88

Broker Information

More

Company Name

Turbo Trading Ltd

Company Abbreviation

TurboForex

Platform registered country and region

New Zealand

Company website
Facebook

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-02-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • New ZealandFSPR (license number: 332266) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

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TurboForex · Company Summary

General Information & Regulation

Turbo Forex is the operating name of Turbo Trading Ltd, a provider of Forex, Commodities, Equity & Index CFD brokerage services, offering investors attractive trading conditions to enable clients to succeed in the financial markets. Turbo Forex is registered with FSPR as a financial service provider (license number: FSP332266).

Market Instruments

Turbo Forex offers investors access to popular financial tradable instruments, including Forex currency pairs, commodities, stock CFDs, and indices CFDs.

Minimum Deposit

To meet the investment needs and trading experience of different investors, Turbo Forex offers three different accounts: Mini (minimum deposit of $10), Standard (minimum deposit of $100), and Premium accounts (minimum deposit of $1000).

Turbo Forex Leverage

The maximum trading leverage offered by Turbo Forex is up to 1:500, when it comes to leverage level available. Since leverage can amplify both profits as well as losses, inexperienced traders are not advised to use such high trading leverage.

Turbo Forex Spreads

Mini accounts have floating spreads, starting from 2.0 pips, and no commission is charged for trading. Standard accounts have spreads starting at 1.0 pips, and Turbo Forex does not charge commissions on trades. Premium accounts have spread starting at 0.5 pips, with no commissions charged for trading.

Trading Platform

Turbo Forex provides traders with the industry-recognized MT4 trading platform, as well as MT4 Web, MT4 Mobile, and MT4 Tablet, to meet a wide range of trader's needs. MT4 is the ideal trading platform for the Forex market, with an intuitive and simple interface, powerful data analysis capabilities, and support for EA trading, allowing traders of all levels to develop Different trading strategies for different levels of traders.

Deposit & Withdrawal

Turbo Forex supports traders to access their investment accounts via VISA, MASTERCARD, Skrill, NETELLER, Sofot Banking, WebMoney, etc. There is no information about deposit and withdrawal fees on the Turbo Forex website.

User Reviews

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User comment

3

Comments

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GanForstrun 0001
more than one year
Bad Broker, when I asked their customer support for help, they didn't give me any useful answers and took forever to get back to me.
2023-04-04 09:39
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0
0
SHARK123
more than one year
My friend recommended TurboForex to me ages ago, but I never actually traded with them. Let me tell you what I really think: First off, this broker is super shady. Their website doesn't give any info about trading fees or account types, which is a red flag in my book. Second, I tested their trading platform and it ******. It was always freezing up or executing trades at a snail's pace, which is a huge deal breaker for me.
2023-04-03 18:36
Reply
0
0
more than one year
TurboForex is a third-class broker! It provided poor trading conditions, terrible trading platform, and I frequently lost connection when I logged into my account. It was really a long story.
2023-02-23 09:29
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0
0
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