Turbo Forex Review 2020

Turbo Forex Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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Turbo Forex Guide - Read our In Depth Turbo Forex Review

This Turbo Forex review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

What is Turbo Forex?

Turbo Forex are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later Turbo Forex has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Turbo Forex are a global broker and have a head office in United Kindom.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Turbo Forex review and assess how well the Turbo Forex platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Turbo Forex can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Turbo Forex we breakdown the pros and cons. What Turbo Forex are able to offer, what countries Turbo Forex are available in. Who Turbo Forex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Turbo Forex review useful.

This review of the Turbo Forex platform is very detailed. If you are interested in trading with Turbo Forex in any capacity please take the time to read and research the whole Turbo Forex review.

We have tried to explain the ins and outs of financial trading through the Turbo Forex platform as plainly as possible so that you the trader are as informed as possible before you start to use the Turbo Forex trading tools and depositing and withdrawing funds from Turbo Forex.

Benefits of trading with Turbo Forex

Open Turbo Forex's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Turbo Forex like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in Turbo Forex and know that the management of your financial investments on the Turbo Forex platform is in good hands.

At the bottom of this Turbo Forex review you can also learn about some pretty good alternatives to Turbo Forex

With this Turbo Forex review we hope to help you see if Turbo Forex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Turbo Forex that will help you get off to a good start in the world of online trading.

Turbo Forex Review Table of Contents

Turbo Forex review
Turbo Forex is a Multi-Assets Trading Platform with over 237+ Assets

Learn more about Turbo Forex. Turbo Forex is a multi asset platform with 237+ tradable Assets. Assets available on Turbo Forex include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Turbo Forex trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Turbo Forex review
Features of Turbo Forex

Turbo Forex review
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.

Turbo Forex review
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 2008, and in operation for 12 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.

Turbo Forex review
Is my money safe with Turbo Forex?

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.

What are Tier 1 banks and why should Turbo Forex use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Turbo Forex deposited in a Tier 1 bank?

Having any money you deposit with Turbo Forex means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Turbo Forex goes out of business for some reason.

Therefore, we can safely conclude that Turbo Forex is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Turbo Forex also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Turbo Forex. let us look at the Turbo Forex features in more detail.

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

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Turbo Forex as a Company Compare Against Other Brokers

Broker turboforex eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office United Kindom Cyprus, UK Australia Poland
Regulation Financial Market Relations Regulation Center (FMRRC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Turbo Forex users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Turbo Forex Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Turbo Forex review
Turbo Forex Pros and Cons

What we like about Turbo Forex

  • Used by over 10,000 Turbo Forex users and traders
  • Established in 2008
  • Regulated by Financial Market Relations Regulation Center (FMRRC)
  • Min. deposit from $250

What we don't like about Turbo Forex

Turbo Forex review
Turbo Forex Regulation and Licensing in more detail

We have checked and Turbo Forex is regulated and supervised by reputable organisations. You are able to check every Turbo Forex supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Turbo Forex. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Turbo Forex traders and provide a safe trading environment.

  • Financial Market Relations Regulation Center (FMRRC)

Turbo Forex is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Turbo Forex you should be sure they're legitimate online agent.

Turbo Forex review
Is Turbo Forex Global?

Yes, Turbo Forex is global as Turbo Forex is available in over 193 countries.

Turbo Forex is a global trading platform in the sense that it operates in 193 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Turbo Forex covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Turbo Forex has a total of more than 10,000 users.

Turbo Forex review
Turbo Forex Fees Explained

  • Turbo Forex withdrawal fees varies on payment method
  • Turbo Forex does charge a fee for inactive accounts.
  • Turbo Forex does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Turbo Forex Fees Compare Against Other Brokers

Broker turboforex eToro IC Markets XTB
Min Deposit 250 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

Turbo Forex review
Turbo Forex Minimum Deposit

Turbo Forex require a minimum desposit of 250 GBP/USD when opening an Turbo Forex trading account.

A minimum deposit is the minimum amount of money required by Turbo Forex to open a new online brokerage account with them.

Dont be scared off by brokers like Turbo Forex charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Turbo Forex review
Turbo Forex Withdrawal Fees

Turbo Forex withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Turbo Forex for example allow you to withdraw your funds to Credit cards, Bank Wire transfer, Electronic wallets (eWallets) ,Skrill, Neteller, Sofort, WebMoney.

Turbo Forex review
Turbo Forex Inactivity Fees

Turbo Forex does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Turbo Forex review
Turbo Forex Desposit Fees

Turbo Forex does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Turbo Forex review
Turbo Forex Commission Fees

Turbo Forex does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Turbo Forex review
What can you trade with Turbo Forex?

Be aware that Different entities under Turbo Forex Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Your capital is at risk

How Turbo Forex Trading Options Compare Against Other Brokers

Broker turboforex eToro IC Markets XTB
Instruments Available 237 2000 232 4000
Platforms  Windows, Android, Mac , iOS Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Turbo Forex
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Turbo Forex review
Trading on Turbo Forex web platforms and other applications

Turbo Forex offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so 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 Turbo Forex's platforms

Turbo Forex review
Is the Turbo Forex Trading Platform Secure?

Turbo Forex safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Turbo Forex also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Turbo Forex.

Turbo Forex review
Turbo Forex Trading Platform Options

Turbo Forex does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Turbo Forex offer an their own custom trading platform developed and tested in house. The Turbo Forex trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The Turbo Forex platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With Turbo Forex you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Turbo Forex platform including news and quotes. Discover possible trades with the strong charting tools found with Turbo Forex. Turbo Forex is available as downloadable applications or online through the cloud. Monitor your orders with Turbo Forex and receive breaking news in your positions.

Turbo Forex Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Turbo Forex Trading Accounts Offered :

  • Demo account
  • Mini account
  • ECN account
  • STP 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

Your capital is at risk

Turbo Forex withdrawal and funding methods.

Please note that the list of Turbo Forex payment methods below depend on the Turbo Forex Entity and the Clients Country of Residence.

Turbo Forex offer the below funding payment methods. learn more about Turbo Forex

Turbo Forex Payment Methods

  • Turbo Forex accepts Credit cards
  • Turbo Forex accepts Bank Wire transfer
  • Turbo Forex accepts Electronic wallets (eWallets)
  • Turbo Forex accepts Skrill
  • Turbo Forex accepts Neteller
  • Turbo Forex accepts Sofort
  • Turbo Forex accepts WebMoney
Broker turboforex eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

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.

Your capital is at risk

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 instruments.

Turbo Forex Leverage and Turbo Forex CFDs Explained

let's take a look at some of the basics of using Turbo Forex leverage.

Turbo Forex offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Turbo Forex leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Turbo Forex trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Turbo Forex leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Turbo Forex CFDs are typically used for short to medium term trades. For example Turbo Forex intraday trading.

Education resources at Turbo Forex

To trade effectively with Turbo Forex, it's important to get a have a good understanding of the Turbo Forex trading tools and the markets.

Turbo Forex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Turbo Forex.

Take time to look around the Turbo Forex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer 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

Turbo Forex have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Turbo Forex less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Turbo Forex

We tested the Turbo Forex live chat and it works well. We sent messages to Turbo Forex livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Turbo Forex support in multiple languages in multiple countries. Turbo Forex where able to resolve our customer issues.

Email Support at Turbo Forex

We sent several emails to Turbo Forex and answer times overall were excellent. The fastest response from Turbo Forex was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Turbo Forex, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Turbo Forex.

Phone Support at Turbo Forex

We called Turbo Forex and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Turbo Forex phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Turbo Forex team by calling in varying languages. Turbo Forex made an effort to make sure our queries were answered.

Overall the phone support from Turbo Forex was okay.

See how Turbo Forex Support Compares Against Other Brokers

Broker turboforex eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Turbo Forex Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Turbo Forex Brand may be different.

  • 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 3 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 the Turbo Forex trading platform 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 November 21, 2020.

Turbo Forex review
Is Turbo Forex A Good Broker?

We spent over 3 months examining Turbo Forex in depth. Although we found some very useful aspects of the Turbo Forex platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Turbo Forex broker.

  • Turbo Forex have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • Turbo Forex has a history of over 12 years.
  • Turbo Forex has a reasonable sized customer support of at least 10.
  • Turbo Forex are regulated by Financial Market Relations Regulation Center (FMRRC). This means Turbo Forex fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Turbo Forex have regulation from a Tier 1 reputable country.
  • Turbo Forex has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Turbo Forex have an international presence in multiple countries. This includes local Turbo Forex seminars and training.
  • Turbo Forex are able to hire people from various locations in the world who can better communicate in your local language.

Turbo Forex Risk Disclaimer

Your capital is at risk

Turbo Forex review
Turbo Forex not quite right?

If after reading this Turbo Forex review, Turbo Forex does not fulfill your needs check out these Turbo Forex Alternatives.

Click here to view the best Turbo Forex Alternatives

We have spent years researching the best alternatives to Turbo Forex. Click the links below to learn more.

If you feel some of the above Turbo Forex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Turbo Forex alternatives below.

Turbo Forex review
Related Turbo Forex Vs Comparisons

We have covered allot in this Turbo Forex review, If you want to see how Turbo Forex compares side by side with other brokers check out our Turbo Forex Vs pages.

If you would like to see how Turbo Forex stands up against other brokers you can read some of our Turbo Forex comparisons below. We compare side by side some of our top rated Turbo Forex versus comparisons. Read our indepth Turbo Forex VS pages below.

Turbo Forex review
TURBO FOREX Frequently Asked Questions

Can I try Turbo Forex before I buy?

Turbo Forex offer a demo account so you can try the Turbo Forex platform before you put down a payment. Learn more here

What funding methods do Turbo Forex accept?

Please note that the list of payment methods below depend on the Turbo Forex Entity and the Clients Country of Residence.

Turbo Forex offer the following funding payment methods Credit cards, Bank Wire transfer, Electronic wallets (eWallets) , Skrill, Neteller, Sofort, WebMoney, among other payment methods.
Learn more here

Your capital is at risk

Is Turbo Forex safe?

Turbo Forex are considered safe as they are regulated by and checked for conduct by the Financial Market Relations Regulation Center (FMRRC). 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.

Is Turbo Forex trading good?

Turbo Forex is considered good and reputable to trade with Turbo Forex. Turbo Forex is used by over 10000 active traders and Turbo Forex users. Turbo Forex offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with Turbo Forex is 250.

Is Turbo Forex trading Legit?

Turbo Forex was founded in United Kindom in 2008. Turbo Forex has been facilitating trade on the financial markets for over 12 years. Turbo Forex offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to Turbo Forex are held in segregated tier 1 bank accounts for security. Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC) so can be considered legit.

Is Turbo Forex a good broker?

Turbo Forex is overseen by the top tier financial regulators Financial Market Relations Regulation Center (FMRRC) so can be considered a good broker. Turbo Forex allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Is Turbo Forex trustworthy broker?

Turbo Forex can be considered trustworthy. All money funded to Turbo Forex is placed into a segregated tier 1 bank account. this means your money in not held by Turbo Forex directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC).

What is the minimum deposit for Turbo Forex?

The minimum deposit to trade with Turbo Forex is 250.

How long do Turbo Forex withdrawals take?

Withdrawing money from Turbo Forex processing time varies but averages 2-5 days.

Is Turbo Forex regulated?

Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC).

Is Turbo Forex a market maker?

Turbo Forex is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

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.

Is Turbo Forex a con?

Turbo Forex is regulated and well established having been in business for over 12 years. Turbo Forex is definitely not a con.

Can you make money with Turbo Forex?

Although traders have had great success with Turbo Forex. Trading on the financial markets with Turbo Forex is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Turbo Forex have fees?

Turbo Forex withdrawal fees varies on payment method. Turbo Forex does charge a fee for inactive accounts. Turbo Forex does charge deposit fees.

When was Turbo Forex founded?

Turbo Forex was founded in 2008.

How many people use Turbo Forex?

Turbo Forex is used by over 10000 registered Turbo Forex users.

What is Turbo Forex Headquarters country?

Turbo Forex has its head quarters office in United Kindom.

Does Turbo Forex offer negative balance protection?

Turbo Forex does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Turbo Forex offer guaranteed stop loss?

Turbo Forex does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Turbo Forex allow scalping?

Turbo Forex offers scalping.

Does Turbo Forex allow hedging?

Turbo Forex offers hedging.

Does Turbo Forex offer CFD trading?

Turbo Forex offers CFD trading.

Does Turbo Forex offer STP?

Turbo Forex offers STP trading.

How many people use Turbo Forex?

Turbo Forex is used by over 10000 Turbo Forex users and traders.

Is Turbo Forex an ECN broker?

Turbo Forex offers ECN trading.

Does Turbo Forex offer a demo account?

Turbo Forex offers a demo account.

Does Turbo Forex offer an Islamic account?

Turbo Forex offers a Islamic accounts.

What are the funding methods for Turbo Forex?

Turbo Forex accept the following funding methods : Credit cards, Bank Wire transfer, Electronic wallets (eWallets) ,Skrill, Neteller, Sofort, WebMoney.

Turbo Forex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Turbo Forex brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Turbo Forex review written by Mark Hansen of Comparebrokers.co