TurboForex Review
💲 Min Deposit $250
⌛ Year Established 2010
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.turboforex.com
🌎 Country
⚖ Max Leverage 1:500
💰 Bonus offers
📖 Free education
TurboForex is a well-established broker since 2010. TurboForex has a headquarter in New Zealand. TurboForex to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by FSP (New Zealand) 332266.
Account Information
Apart from the forex demo account, this broker offers Mini, Standard, Fixed, Interbank and Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by TurboForex is up to 1: 500. Meanwhile, you can open an account with a starting capital of $250.
Min Deposit
$250
Max Leverage
1:500
Spread
Variable and Fixed
Commission
$5
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $250
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Instruments Traded
Besides lots of currency pair, TurboForex also offers some instruments you would like to trade on, such as Forex, Stocks and Soft commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Mini account, TurboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $1000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Instruments Traded
Besides lots of currency pair, TurboForex also offers some instruments you would like to trade on, such as Forex, Stocks and Soft commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, TurboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $1000
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Instruments Traded
Besides lots of currency pair, TurboForex also offers some instruments you would like to trade on, such as Forex, Stocks and Soft commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Fixed account, TurboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $1000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission $5
Instruments Traded
Besides lots of currency pair, TurboForex also offers some instruments you would like to trade on, such as Forex, Stocks and Soft commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Interbank account, TurboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $10000
💡 Min Position 0.1 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Instruments Traded
Besides lots of currency pair, TurboForex also offers some instruments you would like to trade on, such as Forex, CFD, Stocks and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Premium account, TurboForex specifically provides it with the following instruments and leverage:
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
TurboForex also provides payment with Credit/debit cards and SOFORT
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, TurboForex offers you MetaTrader 4 and WebTrader (Limited with 60 days).
Customer Support
Do you have any question or find any trouble related to TurboForex? If you do, you should reach TurboForex's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About TurboForex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if TurboForex is a good broker for you or not by reviewing the criteria. In general, TurboForex provides trading service in Forex , Stocks , Soft commodities , CFD and Indexes . As for the payment methods, you can choose between Credit/debit cards, Neteller, Skrill, SOFORT, WebMoney and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Web form.
The starting capital in TurboForex is $$250.
TurboForex is regulated by FSP (New Zealand) 332266. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
TurboForex is a brokerage company offering trading services for clients since 2010 with offices in New Zealand.
