TurboForex Review 2026
A licensed kitchen with real, checkable paperwork.
TurboForex opened its doors in 2012 and cooks as a regulated CFD broker, carrying FSA licence SD031.
What's on the menu
TurboForex has been serving since 2012, with the kitchen based in Victoria, Seychelles. The firm is privately held. The order book runs deep: 300 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 2012 |
| Headquarters | Victoria, Seychelles |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | No, CFDs only |
Kitchen inspection: is TurboForex safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FSA | SD031 ✓ | TurboForex Group Inc |
Want to inspect the kitchen yourself? Pull up fsaseychelles.sc and look up the FSA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
TurboForex - FSA regulated, min deposit $250, 300+ instruments.
Ingredient costs: TurboForex spreads
Here is what the raw ingredients cost on a standard TurboForex account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 1.5 pips pips |
| GBP/USD | 1.8 pips pips |
| USD/JPY | 1.6 pips pips |
| Gold (XAU/USD) | 30c/oz |
| S&P 500 | 0.6pt |
That EUR/USD figure of 1.5 pips pips carries a bit more markup than the ECN-first kitchens, though it is normal fare for a table with no per-trade commission.
The bill: TurboForex withdrawal fee and timing
Cost to take money out: None. TurboForex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at TurboForex depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| TurboForex Group Inc | FSA SD031 | $250 | 1:500 |
TurboForex vs CM Trading
| TurboForex | CM Trading | |
|---|---|---|
| Primary regulator | FSA SD031 | FSCA 38782 |
| Min deposit | $250 | $250 |
| EUR/USD spread | 1.5 pips pips | 1.8 pips |
| MetaTrader | Yes | Yes |
| Instruments | 300+ | 300+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | Varies |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at TurboForex if you value MetaTrader and running algorithms. CM Trading plates up better for anyone who leans on its particular regulated-entity coverage.
The licences, line by line
| FSA | SD031, TurboForex Group Inc |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:500 on the major forex pairs. The offshore entity will pour up to 1:500, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- FSA regulated
- MetaTrader 4 and 5 available
Sent back
- No tier-1 regulator (FCA/ASIC/CySEC), offshore entity only
- No copy trading
- No real stock ownership, CFDs only
- Inactivity fee: $10/month after 3 months
- Higher minimum deposit of $250
Compare TurboForex before you commit
4.0/5 rating - FSA regulated - min deposit $250
The verdict
Nothing on the plate here is fake: TurboForex is a genuine, regulated broker, and FSA licence SD031 checks out on the public register. The table is set best for traders who want MetaTrader served on a regulated platform. We rate it 4.0 out of 5.
Other tables worth a look
If TurboForex is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is TurboForex safe?
The Seychelles FSA is an offshore regulator. The kitchen holds FSA licence SD031, and you can confirm it for yourself on the official register.
What is the TurboForex minimum deposit?
The cover charge is $250 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the TurboForex EUR/USD spread?
On a standard TurboForex account the EUR/USD ingredient runs about 1.5 pips pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does TurboForex take to process withdrawals?
Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
Does TurboForex charge withdrawal fees?
None. TurboForex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does TurboForex have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.