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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

TurboForex

New Zealand New Zealand | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | New Zealand Inst Forex Execution (STP) Revoked | High Potential Risk

https://www.turboforex.com/

Website

Rating Index

License 0.00 Software 4.00 Risk Control 0.00 Business 7.82 Regulation 0.00
1.62

Contact

+44 20-373-42018
https://www.turboforex.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
New Zealand
Operating Period
5-10 years
Company Name
Turbo Trading Ltd
Email
support@turboforex.com
Contact Number
+442037342018
Account Info
Verified Site
Relationship Map
Related Companies
Employees
About Us
Disclosure
Wiki Q&A
Comment

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Verified Site

Top Visitor Locations
TurkmenistanTurkmenistan
  • turboforex.com
    52.31.30.251
    Server Location
    Ireland Ireland
    ICP Registration No.
    --
    Top Visitor Locations
    Turkmenistan Turkmenistan
    Creation Date
    0001-01-01
    Website Name
    WHOIS.MONIKER.COM
    Company
    MONIKER ONLINE SERVICES LLC

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TurboForex

Related Companies

TURBO TRADING LIMITED(New Zealand)
New Zealand
TURBO TRADING LIMITED(New Zealand)
Deregistered
New Zealand
Registration No. 4549639
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review 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.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • New Zealand Inst Forex Execution (STP) Revoked
  • High Potential Risk

Wiki Q&A

Is TurboForex safe and reliable?

According to WikiFX data, TurboForex holds a sky-eye score of 1.62, which is very low and reflects significant concerns regarding its safety. The broker's regulatory license (FSP332266) from New Zealand's FSPR has been revoked, meaning it currently operates without any valid oversight from a major financial regulator. This unregulated status, combined with negative user feedback, creates a high-risk profile for traders. Caution is strongly advised.

20h
United States

Is TurboForex regulated?

No, TurboForex is not regulated by any authoritative financial regulator. It was previously registered with the New Zealand Financial Service Providers Register (FSPR) under license number FSP332266, but that license has been revoked. The broker now operates without a valid forex trading license, leaving traders without formal regulatory protection.

20h
United States

What is the minimum deposit of TurboForex?

TurboForex offers a range of account types with varying minimum deposits. The lowest minimum deposit is $250 for the Mini account. Other account types require higher initial deposits: Standard and Fixed accounts at $1,000, InterBank at $5,000, and Premium at $10,000.

20h
United States

Does TurboForex support MT4 or MT5?

TurboForex does not publicly disclose the specific trading platforms it supports. While the account features allow for Expert Advisors (EAs), scalping, and hedging—common on MetaTrader platforms—there is no official confirmation that MT4 or MT5 are available. Traders should verify platform compatibility directly with the broker.

20h
United States
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