Our TurboForex Review
TurboForex is an online broker based in New Zealand. The broker was established in 2010. It is the operating name of Turbo Trading Limited, which has its headquarters in Napier, New Zealand. The Financial Disputes Resolution Scheme of New Zealand regulates the company.
TurboForex Account Types
There are five account types of TurboForex which are the Mini Account, Standard Account, Premium Account, Fixed Account, and the Interbank Account. All the supported account types offer users the MT4 platform, and they have the leverage of up to 1:500.
- Mini Account
This is the entry account on the platform. It comes with a minimum deposit requirement of $250, which is great for novices.
- Standard Account
The Standard Account is designed for intermediate users. It comes with a minimum deposit amount of $1000.
- Premium Account
The Premium Account is designed for experienced traders. It comes with a $10,000 minimum deposit amount. Besides that, it features lower trading costs.
- Fixed Account
The Fixed Account is designed for long-term traders. It offers users the lowest fixed spread. The account features a minimum deposit amount of $1000.
- Interbank Account
The Interbank Account is designed for higher deposit traders who have direct access to the interbank markets. It comes with a minimum deposit amount of $5000.
Tradable Assets
Traders using TurboForex will have access to numerous trading instruments. They include support for the leading forex pairs, Indices, Shares, and Commodities, and CFDs.
Trading Platforms
TurboForex offers traders the ability to trade using the MT4 platform. Users can access the MT4 platform using the iOS or Android devices, via WebTrader on their web browser, and via a standalone desktop MT4 application. To access all versions of the MT4 platforms using only a single password and email account. They can open trades on their desktop application and close them on any of the other platforms or vice versa.
Deposits and Withdrawals
Users of the TurboForex platform have access to numerous withdrawal and deposit methods. They can use Visa and MasterCard credit and debit cards or eWallet services such as Skrill, Neteller, WebMoney, and Sofort, the German payment system. Depending on the method used, withdrawals can be processed within 24 hours or take up to 5 days to complete.
Educational Resources
Users of TurboForex will have access to extensive educational resources. The educational materials offered by the platform are mainly in the form of instructional videos. The videos include videos for beginners, video tutorials for advanced traders, video tutorials on different trading strategies, and much more. These videos are often updated to ensure that users of the platform have access to the latest knowledge readily available.
Customer Support
Users of the platform have access to customer support via email 24/5. The support is offered to users in multiple languages to ensure everyone gets the help they need.
Summary
TurboForex is a great platform for beginners. It comes with an easy to use interface and support for the popular MT4 platform. There are features and tools designed to attract both newbies and advanced traders. Besides that, the platform offers traders an excellent bonus program.
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