Turbo Forex

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Broker Turbo Forex – signs of a broker kitchen, fraud algorithm, reviews as evidence of scam

A broker that supposedly offers innovative tools for profitable and promising trading. Representatives of the service insist that the service takes a leadership position. In reality, we are dealing with a fake organization that refers to fictitious facts.

Status	SCAM
Year of foundation	2010
Affiliate program	Yes
Regulation and jurisdiction	FSA FDRS
Website	https://turboforex.com/
Contacts	[email protected] First Floor, First St.Vincent Bank Ltd Building James Street, Kingstown St. Vinsent & the Grenadines

Pros

A mobile platform is provided for permanent access to the terminal
Favorable minimum deposit - from 10 dollars

Cons

Anonymity of the organizers of the brokerage organization
Complete data regarding trading accounts is not provided
There is no information about the safety of trading with the company
There is no educational platform for beginners
Numerous negative comments about the project

Trading Platform	MetaTrader4 (MT4) WebTrader Mobile Platform
Types of accounts	Mini Account Standard Account Premium Account
Currency	USD, EUR
Deposit/withdrawal	Credit cards Visa/Mastercard/Maestro Electronic wallets Cryptocurrency International payment systems Yandex Money, Skrill, Perfect Money, WebMoney, QIWI WireTransfer
Min Deposit	$10
Leverage	1:500
Min order	0.01
Spread	From 0.0 points (fixed and floating)
Financial Instruments	Cryptocurrency, currency pairs, indices, derivatives on commodities, precious metals, shares of international companies, energy, futures
Order execution	Market Execution
Bonus	Welcome bonuses Cashback system

Review of the history of the formation of Turbo Forex

From the information presented on the website about the Forex broker TurboForex, we managed to learn very little. So, the specific founding date of the project is not indicated. The exact date of the broker’s appearance on its official website is not indicated, and third-party sources offer different dates, varying between 2007 and 2012. Whether this is so is unknown. But if we take into account the date the comments were posted, then the office has been operating for several years and is run by experienced swindlers.

Information about the specific persons behind the launch of the project is not presented on the site. TurboForex’s legal address is listed in the Marshall Islands (Trust Company Complex, Ajeltake road, Ajeltake island), which is a popular jurisdiction for offshore companies due to its favorable taxation and regulation. The office does not have a license or registration document, except for one certificate from the Center for Financial Markets, which has no legal force and does not give the right to provide intermediary services in Russia and other countries of the world.

Communication formats

The office offers the following methods of contacting a broker:

contact number. For clients from Russia the number is +7 495 480-88-88;
Email;
online form.

I would like to pay attention to the reviews about TurboForex. Users report serious problems with the quality of service and the implementation of declared services. Managers do not make contact, especially when it comes to withdrawing money.

Terms of cooperation

TurboForexoffers a variety of trading instruments, including currency pairs, commodities, indices and precious metals. The broker differentiates itself by offering unique accounts, trading on the terms of major banks and direct access to the interbank market with a 0 pip spread.

Available account types:

Mini – deposit from $10, floating spread from 2 points, maximum leverage 1:500;
Standard – you need to deposit $100, floating spread from 1.0 points, leverage 1:500;
Premium – minimum amount $1,000, floating spread from 0.5 points, maximum leverage 1:500, margin call 50%;

Execution of market orders with a commission of $5 per $100 thousand of trading turnover. TurboForex clients can use the MT4 Desktop, WebTrader, TabletTrader platforms and mobile applications for Apple and Android devices. The MOBIUS TRADER 7 program is also available. Company offers a bonus program, including privileges for clients who refer new traders.

Financial operations

Officeoffers various methods for depositing and withdrawing funds, including Skrill, Webmoney, Yandex.Money, QIWI, LiqPay, bank transfer and Visa/MasterCard cards. The minimum deposit amount is $250. Withdrawals are available only to authorized traders and are processed within 3 days without commission.

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Expert opinion

Eugene Rudenko

TurboForex is a Forex broker registered in the Marshall Islands, with the legal address of Trust Company Complex, Ajeltake road, Ajeltake island. The founding date of the project is not indicated on its official website, but third-party sources claim that it happened between 2007 and 2012. TurboForex does not have a license or registration document, except for one TsROFR certificate, which has no legal force and does not give the right to provide intermediary services in Russia and other countries. The broker does not work with clients from the US and EU, although it claims to have received the title of the best Forex broker in Europe in 2014.

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Turbo Forex reviews

There are plenty of comments online, the problem is that they are posted at different times. If the responses were published in 2013, there are in 2018. Which, of course, suggests that the scammers have a lot of experience.

V oReviews about Turbo Forex often talk about a complete lack of service and implementation of stated promises. In most cases, project analysts do not fulfill their stated promises.

Victims of SCAM write that after the account is blocked, managers, even personal analysts, do not contact them.

Oleg was faced with the fact that he could not withdraw money. All attempts to get my money back failed.

Most of the comments are devoted to the problem with recoil. Actually, therefore, it is better to carefully think about whether it is worth opening an account on the official website turboforex.com.

If you fall for the robot’s promises, it’s realistic get your money back. There is a chargeback or forced cancellation of the transaction. This is exactly what will allow us to restore justice without any problems.

Verdict on TurboForex

During the review process, the following signs of fraud were discovered:

about lack of license and registration. The project does not have a license or registration document, which is a critical indicator of the reliability and legitimacy of the broker’s activities. The only certificate from the Center for Financial Markets that is mentioned has no legal force and does not give the right to provide intermediary services;
The company’s registered address is listed in the Marshall Islands. We remind you that we are talking about offshore;
conflicting information about awards. TurboForex claims to have received the title of the best Forex broker in Europe in 2014, despite the fact that the company does not work with clients from the US and EU;
limited transparency. The broker’s website does not contain the exact date of its foundation;
Difficult conditions for withdrawing bonuses. The conditions for withdrawing bonus funds are extremely complex and practically impossible to fulfill;
negative customer reviews. There are numerous complaints and reviews online about manipulations with quotes, broken stops, problems with withdrawals and unsatisfactory technical support.

These signs indicate a high risk of cooperation with TurboForex. A project without a license and normal legal registration is doomed to failure.

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FAQ

How do customer reviews influence TurboForex on the company's rating?

Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about TurboForex on the main broker profile page.

How to write a review about cooperation with TurboForex Online Forex rating?

You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how toleave a review about the company TurboForex.