A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 55 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 66 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 22 | 10% |
| Real-user sentiment | 50 | 8% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| FSPR | Inst Forex Execution (STP) | 332266 | New Zealand | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| Mini | 1:500 | USD250.00 | from 2.0 pip | -- | ✓ |
| Standard | 1:500 | USD1,000.00 | from 1.0 pip | -- | ✓ |
| Premium | 1:500 | USD10,000.00 | from 0.5 pip | -- | ✓ |
| Fixed | 1:500 | USD1,000.00 | from 3.0 pip | -- | ✓ |
| InterBank | 1:200 | USD5,000.00 | from 0.0 pip | -- | ✓ |
Across 5 recent Trustpilot reviews, 80% are 1–2 star. The single most common complaint is being unable to withdraw funds (5 reports) — the classic warning sign in forex.
0TurboForex is a forex and CFD broker based in New Zealand, with records dating to 2018-01-30. It reports oversight from FSPR.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
On Trustpilot, TurboForex holds a real-user score of 3.2/5 across 1 reviews. Withdrawal problems appear 5 times — always test a small withdrawal first.
Overview compiled by FXCanary from regulatory records and public data. full TurboForex review