Why not try XM
XM Broker Review
Why not try XM
XM Broker Review
|Minimum deposit:||$250 USD|
|Withdrawal fee amount:|
|Inactivity fee charged (Y/N):||N|
|Number of instruments:|
|Time to open account:|
|Demo account provided (Y/N):||Y|
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Our TrendsTurbo review will take a detailed look at what this broker has to offer, from spreads and fees to the choice of account types that are available. Our aim with this review is to help you decide if TrendsTurbo is the best broker for you, given your level of experience and trading objectives.
TrendsTurbo is an online multi-asset broker based in Saint Vincent and the Grenadines and owned and operated by KMA Group LLC. The firm has a wide range of tradeable instruments and serves an international client base. The broker provides the ability to trade in forex, stocks, indices, metals and energies, and offers trading via contracts for difference (CFDs) on many instruments. The firm offers competitive spreads, high-quality customer service, and trading with the world leading MetaTrader 4 (MT4) trading platform. Trading is commission-free, with all broker profits coming from the spreads, which start at just 0.1 pips on the premium Platinum Account.
Opening an account with TrendsTurbo is quick and convenient. Once you have your account set up, and have verified your identity, you will be able to deposit funds and start trading multiple instruments straight away. The broker offers generous leverage of up to 1:400, and all account holders have a personal account manager. There is a good choice of account types with a range of features to suit different types of traders, and the Bronze Account comes with a low minimum deposit of just $250. Maximum leverage of between 1:100 (on the Bronze Account) and 1:400 (on the Platinum Account) is offered, though this will, of course, depend on various factors, including the instrument being traded, and may be subject to local laws and restrictions on leverage in your country of residence.
TrendsTurbo operates a simple zero-commission trading model, with all profits coming from the spreads and no separate transaction fees. The spreads at this brokerage are generally quite competitive, with much tighter spreads on the premium accounts than on the more basic accounts, as you would expect. As an example, spreads start from 0.1 pips on the Platinum Account, but are significantly higher on other account types, starting from 1.5 pips on the Gold Account, 2.5 pips on the Silver Account and 2.8 pips on the Bronze Account. Spreads do, of course, vary significantly between different asset classes and between different instruments within those asset classes. At this broker, order execution is STP, with no requotes, meaning that the price you see should be the price your order will be executed at. You will, of course, be able to see all current spreads for each asset class once you are logged into your TrendsTurbo account either online or via the app.
There are no broker-levied deposit or withdrawal fees, though your bank may charge a transaction fee, as will some card providers, especially if they classify the transfer to your trading account as a cash transaction. Banks and card providers may also charge a currency conversion fee if your TrendsTurbo trading account is in a different currency from your bank account. Please remember that broker fees and charges are subject to change, sometimes at short notice, so always check the terms and conditions carefully when signing up at a new brokerage. Be aware that there may be other fees that apply to your account that are not mentioned in this TrendsTurbo review.
MT4 traders will be happy to know that TrendsTurbo offers the award-winning MT4 platform to all its clients. The platform is available in the desktop version (for PCs and Macs), as a web-based platform accessible from your browser, and as a mobile app. The platform incorporates a range of trading tools, allowing you to easily monitor and manage your trading activities, including your order history, pending orders, equity and margin. All order types can be placed on the platform, and it allows for one-click trading, up to nine time frames, and automated trading. Price charts available include bars, lines and candles, and you can set up personalised alerts, and get real-time quotes in the Market Watch window. Various technical indicators are built into the platform, and it is also compatible with a wide range of third-party add-ons.
When it comes to mobile trading, TrendsTurbo provides an intuitive and robust mobile app for easy trading on the go. The mobile app is available for both iOS and Android devices and offers similar features and functions to the main platform, including time frames, charts, graphs and other trading tools. The mobile apps can be downloaded free from the Apple App Store or Google Play. Follow the link on the ‘MetaTrader 4 Mobile’ page of the TrendsTurbo website to make sure that you grab the right app. The apps can be customised just as the other versions of the platform can, and provide traders with an intuitive interface, incorporating all the important functions that mobile traders value and need. As with any trading app, users will need to get used to the different layout and navigation on the app, but the functions themselves are very similar. It is also possible to use the web-based version of the platform for mobile trading, as you can access the platform via your browser on almost any device.
TrendsTurbo does not have a dedicated newsroom on its website, as many online brokers do. However, as MT4 traders will be aware, the platform provides a few useful features in this area. MT4 traders can access a market newsfeed indicator, with a real-time newsfeed highlighting important events that may impact the markets. It is also possible for users of the MT4 platform to access the Trading Central plugin, which provides traders with both technical and market analysis, including a Daily Market Report with market analysis that traders can apply to their daily trading strategies.
TrendsTurbo offers a few different customer support options, including email, a dedicated phone line, and a handy web form that you can fill in to ask a question or request that a customer support representative gets in touch. The email address you need is email@example.com and the web form can be found on the main contact page. One drawback is that this broker does not currently have a live chat option on its website, which many online traders find useful. Customer support is available 24/7 and TrendsTurbo is committed to replying to all customer service requests within 24 hours.
Once you have your TrendsTurbo account set up, you will be assigned a personal account manager who you can contact with any questions you have about your account, or about trading in general. TrendsTurbo also provides its customers with a lot of general information on the various instruments it offers and provides a useful guide to using the MT4 platform, which can be found on the website in the ‘Platform’ section.
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