de | cn | ru

TurboForex Review – is it scam or safe?

TurboForex Review  – Is www.turboforex.com scam or safe forex broker?

RATING: 1 / 3 REVIEWS ForexBrokerz TurboForex
TurboForex is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS

Scammed by TurboForex? Click here!

 Trading accounts and conditions

 

 

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Mini $250 0.01 lots 1:500 From 2 pips
Standard $1000 0.01 lots 1:500 From 1 pips
Premium $10 000 0.1 lots 1:500 From 0.5 pips
Fixed $1000 0.01 lots 1:500 From 3 pips, fixed
Interbank $5000 0.01 lots 1:200

From 0.0 pis + $5 per lot

 

TurboForex offers five options for live trading accounts to suit everyone's wishes and needs, plus there is also a free demo account. The broker has a portfolio of forex pairs and CFDs on commodities, stocks and indices.

 

 

The Company. Security of Funds

 

Company Country Regulation
TF Trading Ltd. UK No

 

 
TurboForex's owner TF Trading is based in the UK, but is not regulated. Like we have said many times, unregulated brokers should be avoided, as some of them are actually a scam. As a general rule the regulated brokers, are safer than the unregulated ones. Overall, regulators like UK's FCA and the Australian Securities and Investment Commission (ASIC) have tight rules and offer robust oversight and we recommend brokers supervised by them.

 

 

Trading Platform

 

TurboForex has made the most obvious choice and offers its clients the most popular trading platform – MetaTrader 4 (MT4).

 

MT4 has been on the market for over 10 years and is preferred by brokers and traders alike for its ease of use, multiple options, charting and technical analysis tools and the wide selection third-party applications compatible with it. The platform also allows automated trading with Expert Advisors and hedging.

 

Probably MT4's popularity would eventually wane and it will be replaced by its successor MT5, but it looks like it will still be around for some time to come.

 

 

Promotions

 

TurboForex has several types of promotions. The first one is an up to 100% deposit bonus, which could be given for every deposit the client makes. There is also the points system, which seems to be a type of loyalty program where points can be used for purchases in the broker's shop or converted into trading balance. The broker also offers a refer a friend 15% commission.

 

 

Methods of payment

 

TurboForex provides several funding options: bank transfer, debit and credit cards and the popular electronic payment systems Neteller, Skrill and WebMoney, as well as the German payment system Sofort.

 

 

Conclusion

 

Like most of the hundreds of unregulated forex brokers, TurboForex does not stand out among its peers. It offers more or less average trading conditions and like most unregulated forex brokers that do not try too hard, has fairly high initial deposit.

 

Its floating spreads with no commission may appear lucrative at first, but on a second thought they may not be that favorable.

 

Pros Cons
MT4 Unregulated
  High initial deposit
  Floating spreads

 

Latest news about TurboForex
No news about TurboForex. Check back later.
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

Traders` reviews for TurboForex

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Escroquerie

Ils ne répondent pas au chat, ni au tel ni aux messages !
J'attends mon argent. Brokers à éviter à tout prix !!!

Translated by Google:

They do not respond to chat, nor to such nor messages!
I'm waiting for my money. Brokers to avoid at all costs !!!

GINESTE 08/02/2018

Scammers

Scammers, Scammers, Scammers ...... They owe me money, they don't answer my emails, they don't answer my skype calls. they are so baddd liars..

Afon 11/24/2017

Scammers

They are a fake company, they are scammers. they tell you lies to take your money for ever. even try to get back your money from them they will never give you back your money.

afon 08/04/2017
de | cn | ru