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Global Broker Regulation & Inquiry App

Score

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TurboForex

New Zealand|5-10 years|
New Zealand Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|

https://www.turboforex.com/

Website

Rating Index

Contact

+44 20-373-42018
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

Contact number

English

+44 20-373-42018

English

+61 39-021-69-29

Chinese (Simplified)

442037342018

Russian

+ 7-495-480-88-88

Other ways of contact

Broker Information

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Company Name

Turbo Trading Ltd

Abbreviation

TurboForex

Platform registered country and region

New Zealand

Company website
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-01
  • 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!
  • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 332266)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TurboForex · WikiFX Survey

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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.

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