Turbo Forex what you should know
Turbo Forex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
With Turbo Forex you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with Turbo Forex platform.
Turbo Forex are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Turbo Forex safe?
When choosing a broker like Turbo Forex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in , and in operation for 2019 years Turbo Forex have a head office in United Kindom.
Turbo Forex is regulated. This means Turbo Forex are supervised by and is checked for conduct by the Financial Market Relations Regulation Center (FMRRC) regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Turbo Forex, this will be honored. If Turbo Forex violate any regulatory rules their regulated status could be stripped.
Any payments funded to Turbo Forex accounts by traders are held in a segregated bank account.
For added security Turbo Forex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Try creating two accounts when you are working with Turbo Forex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit Turbo Forex
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Turbo Forex General Fees
- Turbo Forex withdrawal fees varies on payment method
- Turbo Forex does charge inactivity fees
Turbo Forex Commissions
- Turbo Forex does charge commission on CFD shares
What can you trade with Turbo Forex?
You can trade a wide variety of instruments with Turbo Forex over 237 instruments infact.
If you are looking at trading currency pairs Turbo Forex offer over currency pairs.
Compare Turbo Forex with Interactive Brokers and XTB below.
| FX / Currencies | turboforex | IB | XTB |
|---|---|---|---|
| # of forex pairs offered | 10 | 50 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | No | Yes | |
| Exotic forex pairs | No | Yes | |
| Cryptocurrencies | No | No | Yes |
| Commodity CFDs | Turbo Forex | Interactive Brokers | XTB |
|---|---|---|---|
| # of commodities offered | 0 | ||
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Indiced & Stock CFDs | Turbo Forex | Interactive Brokers | XTB |
|---|---|---|---|
| # of Stocks offered | 1500 | ||
| UK Shares | Yes | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
turboforex's
Instruments |
IB's
Instruments |
XTB's
Instruments |
Trading on Turbo Forex web platforms and other applications
Turbo Forex offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.
An Turbo Forex IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device
Turbo Forex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See turboforex's platformsTurbo Forex Trading benefits :
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
Turbo Forex Trading Accounts offered:
- Mini account
- ECN account
- Islamic account
Can I try Turbo Forex before I buy?
Turbo Forex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
What funding methods do Turbo Forex accept?
Turbo Forex offer the below funding payment methods. learn more about Turbo Forex
- Skrill
- Neteller
How can I start trading with Turbo Forex?
When opening a trading account with Turbo Forex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Turbo Forex trading platforms here.
Performing trades with Turbo Forex
Turbo Forex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Turbo Forex allow you to execute a maxium trade of varies. As Turbo Forex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Turbo Forex offer margin up to % on currencies.
Support at Turbo Forex
Turbo Forex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
What you will need to open an account with Turbo Forex
As Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Turbo Forex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Turbo Forex you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.turboforex.com/ on 12th August 2018.
Turbo Forex not quite right?
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TURBO FOREX Frequently Asked Questions
Can I try Turbo Forex before I buy?
Turbo Forex do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do Turbo Forex accept?
Turbo Forex offer the below funding payment methodsSkrill, Neteller, among other payment methods. Learn more here
How can I start trading with Turbo Forex?
When opening a trading account with Turbo Forex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Turbo Forex trading platforms here.
Is my money safe with Turbo Forex?
Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC). One of the most important criteria for traders when choosing a broker like Turbo Forex is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Turbo Forex, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.