All Share (J203) = 89 573
Rand / Dollar = 18.39
Rand / Pound = 23.82
Rand / Euro = 19.92
Gold (usd/oz) = 3 072.67
Platinum (usd/oz) = 982.20
Brent (usd/barrel) = 72.75
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

TurboForex Sign-up Bonus

 

TurboForex Sign Up Bonus Review

 

Sign-up Bonus

TurboForex does not offer a sign-up bonus.

There is no indication that TurboForex offers a sign-up bonus, a deposit bonus, or a welcome bonus to traders who register a real account with TurboForex.

Through these bonus offers brokers often attempt to draw new customers to partake in trading activities. When offering a welcome bonus or anything of this kind, the traders will receive some money back. This will depend on the initial deposit made by the trader.

 

 

Referral Bonus

Another way to attract traders to register with a specific broker is the offering of referral bonuses. However, it is also not indicated whether TurboForex currently offers referral bonuses to new or existing traders who make use of the products and services offered by the broker.

These kinds of bonuses are usually offered by brokers to traders to draw in new clients and expand their customer base.

A referral bonus comes with strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria might include the following:

  • The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.
  • The referral must register a real account with the broker using a referral link so that the registration can be traced back to the trader.
  • A minimum deposit amount must be made determined by the broker by the referral and a certain number of trades needs to be executed on the new account.

There might also be a limited time in which referral bonuses may be utilized by traders. This could be due to the broker seeing a decrease in activity in a given month and attempts to counter it by providing such bonuses.

 

Additional bonuses, promotions, and rewards

Many brokers also offer additional bonuses, promotions or have a rewards program offered to their loyal customers.

TurboForex does not at present cater for any trading bonuses or promotions and there are no current initiatives to reward loyal customers.

Trading bonuses usually serve the purpose of boosting traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

 

Pros and Cons

PROS CONS
None found No information forthcoming from the website
No referral bonus offered
No trading bonus for loyal customers
No welcome bonus, deposit bonus, and no other broker bonuses are offered with first time sign up

 

 

Conclusion

Bonuses are one of the ways to ensure that a broker attracts new traders in signing up and registering a real account.

TurboForex does, however, not offer any of these bonuses to either new or loyal customers. Despite this, the broker is a regulated and reputable broker which offers its services and solutions to traders despite their trading needs, objectives, experience, or trading styles.

Traders still have access to a wide range of markets, competitive trading conditions and powerful trading platforms.

FAQ

Does TurboForex offer a sign-up bonus?

No. TurboForex does not offer a sign-up bonus.

 

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 11, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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