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Overview

New Zealand Company Turbo Trading Ltd. is the owner of the brand TurboForex and exactly it provides high-quality services to traders from all over the world for trading on the global financial markets, including the Forex market. The company also provides an opportunity to engage in speculative trading of the cryptocurrency BitCoin that has gained popularity. Its volatility is very high and it allows traders to make a great profit while trading it, but the risk of losing large sums of money is also too great.

Currently TurboForex is available in several foreign languages, including Russian.

Broker provides all users with the opportunity to pass free training of Forex trading with the help of numerous video tutorials that go from simple to complex. All traders may also select one of several Forex bonuses that vary in size and rules of usage. Some Forex bonuses can increase the trade turnover of traders; others protect them from drawdown on the foreign exchange market and some of them hedge funds of clients while trading.

Bonuses

TurboForex pleases its customers with a variety of Forex bonuses, which can be obtained by all traders without exception after satisfaction of the simple requirements of the broker.

Deposit 100% bonus is available for all traders of the broker. It is necessary to credit the trading account at any amount and the bonus money will be automatically accrued at once. Bonus funds can be used by clients for trading on the Forex market without any restrictions. In addition, all traders can withdraw the Forex bonus from the account while making a particular trade turnover. It is necessary to close one standard lot for each bonus dollar. Deposit bonus can be received an unlimited number of times, making a trading turnover account.

Drawdown 50% Forex bonus is available for all customers who want to secure themselves while trading currency pairs on the market. In case of drawdown bonus selection, it will be credited automatically to the trader's account, after making a deposit. Bonus can be lost while trading on the Forex market without any consequences for the client and it is provided to all customers for a period of one year. Forex bonus can be obtained an unlimited number of times for each replenishment of the deposit.

Insurance in 25% of the stop out is available for all traders, who want to feel confident while trading on the foreign exchange market, and return partially lost funds upon the occurrence of the stop out. Upon the occurrence of the stop-out traders need to contact the specialists of the broker within 24 hours for accrual of the promised insurance. Insurance can be increased from 25% to a maximum sum of 100% for the replenishment of the account according to the rules of the promotion. Traders, who have closed 10 standard lots while trading currency pairs, increase the amount of insurance on $10. It continues until it increases up to 100%.

In addition to the above-mentioned Forex bonuses, the broker compensates commission fees of payment systems while depositing and withdrawing money from the trading accounts. Despite the way of the account replenishment, traders will receive the amount that is credited. The same rules are for withdrawal of funds.

Training

TurboForex has posted video tutorials about the international currency market on its official website, which will help novice traders to learn the rules of trading.

Free video tutorials about the foreign exchange market.

1. Lessons for beginners:

- main advantages of the foreign exchange market

- terminology, used on the Forex market

- order types

- efficient Forex strategies (a brief digression)

- glossary.

2. Forex trading and its basic rules:

- world of stock exchange (overview of global financial markets)

- psychology of Internet trading

- correct money management by traders

- analysis of the currency market (types of analysis)

- basic knowledge about the technical analysis (trends, support, resistance, price patterns)

- in-depth technical analysis (efficient strategies of Internet trading, based on tools of technical analysis)

3. Trading terminal MetaTrader4:

- installation and preparation for operations of MT4

- terminal dialog, orders

- how to trade in MT4 on the currency market.

4. Popular Forex strategies:

- basic Forex strategies (channel strategy, trend signals, Fisherman bands)

- trading strategies for advanced traders (zigzags, Elliott Waves, Fibonacci)

- semi-automated trading strategies from the Forex broker TurboForex (bat, crab, butterfly, Gartley).

If desired, any client of the broker may open a demo account, which allows him to trade on the foreign exchange market without the risk to personal funds, i.e. using virtual money. Trading on a demo account is carried out in real time, giving traders the opportunity to practice in conducting transactions before trading with real money. It is used by traders to test new expert advisors and Forex trading strategies.

Terms of trading

TurboForex offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $50

- the leverage is from 1:1 to 1:500

- a lot of currency pairs, securities, gold, silver, indices

- spread is fixed from 2 points (the floating one is from 0.6 points)

MetaTrader 4

- multi-language support

- order execution - Instant execution and Market execution

- a lot of embedded Forex indicators

- addition of new technical indicators

- creation and installation of new Forex expert advisors MetaQuotes Language 4

- desktop client (advanced trading charts and efficient Forex expert advisors)

- quotes export via DDE

- chart printing.

WebTrader

- trading through the browser without downloading the client program

- multi-language support

- convenient interface

- order execution - Market execution

- trading charts and diagrams

- one click trading

- support of the social network with the ability to copy actions of traders.

Forex broker TurboForex offers its customers several types of trading accounts for trading on the foreign exchange market and other financial markets:

- Mini

- Standart

- Mini-Fixed

- Standart-Fixed

- InterBank.

Trading account Mini:

- the minimum deposit is $50

- spread is from 0.6 pips

- the leverage is up to 1:500

- the minimum lot size is 0.01

- no commission fee

- order execution - Market execution

- stop out is 10%.

Trading account Standart:

- the minimum deposit is $500

- spread is from 0.4 pips

- the leverage is up to 1:500

- the minimum lot size is 0.01

- no commission fee

- order execution - Market execution

- stop out is 20%.

Trading account Mini-Fixed:

- the minimum deposit is $50

- spread is from 1.8 pips

- the leverage is up to 1:500

- the minimum lot size is 0.01

- no commission fee

- order execution - Instant execution

- stop out is 10%.

Trading account Standart-Fixed:

- the minimum deposit is $500

- spread is from 1.6 pips

- the leverage is up to 1:500

- the minimum lot size is 0.01

- no commission fee

- order execution - Instant execution

- stop out is 20%.

Trading account InterBank:

- the minimum deposit is $1,000

- spread is from 0 pips

- the leverage is up to 1:200

- the minimum lot size is 0.01

- commission is present

- order execution - Market execution

- stop out is 40%.

Forex indicators (recommended)

- Real Tick Volume

- Better Volume

- LEVELSC

- Schaff Trend

- BW ZONE.

Forex expert advisors (recommended)

- Spike Trader (an automated Forex expert advisor, based on Japanese candlesticks, as market analysis with the help of them allows determining with high probability trends, which make a good profit while trading)

- Snipper (an automated Forex expert advisor that analyzes the currency market using the principle of correlation, which gives traders a good opportunity to make a profit correctly using it)

- Framework (an automated Forex expert advisor, developed on the basis of several time-tested technical indicators, which thoroughly analyzes the currency market, allowing traders to close profitable transactions on any currency pairs).

Investments

Nowadays TurboForex does not provide clients with services of funds investment in professional managers via PAMM-accounts, as many other popular global Forex brokers do. All agreements concerning investment between the company's customers are their independent activities and the broker does not bear any responsibility for them.

Unique features

Speculative trading of the electronic cryptocurrency BitCoin should be mentioned among the unique features of the TurboForex. The popularity of the cryptocurrency is steadily increasing due to its very high volatility.

Forex broker offers the following conditions for cryptocurrency BitCoin trading:

- only intraday trading (all transactions are closed forcibly at 00.00)

- spread is $10

- the leverage is 1:5 (at most)

- the minimum lot size is 0.01

- the maximum lot size is 1.00

- step size is 0.01.

Add/withdraw funds

TurboForex provides the following methods to deposit and withdraw funds from trading accounts: VISA, MasterCard, Skrill, TrastPay, WebMoney and bank transfers.

Contacts

TurboForex provides support to customers concerning all questions via online chat, e-mail address [email protected] and by phone 7-499-703-37-60. All users can also request a free callback from the specialists of the Forex broker.

Cons and pros

+ the fast-growing broker

+ the minimum deposit is $50

+ small spread

+ good leverage

+ free video tutorials about the foreign exchange market

+ various Forex bonuses.

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