Forex Turing Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.2

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.4

Business 0.7

Risk Control 1.0

Software 1.7

Regulatory 1.2

Terminal Snapshot

Turing Trading Conditions

Registered Region United States

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@turingfx.pro

Contact Number N/A

Website turingfx.pro

Balanced Review

Pros & Cons

Pros

Regulated under FinCEN with Currency Exchange License (MSB)
Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
Access to popular trading platforms: MT4 and MT5
Multiple account types catering to different trader needs
Robust customer support available 24/5 via multiple channels

Cons

Limited regulatory oversight (only registered with FinCEN)
High minimum deposit requirement of $50
Potential risks due to recent establishment (1-2 years)
Limited information on fund protection measures
Restricted range of trading instruments (no ETFs or commodities)

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Turing	Webull	Jefferies	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	United States	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.2/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Turing Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Access to a wide range of trading instruments	Suitable for traders exploring the forex market
Professional Account	Experienced traders	Possibly lower spreads and enhanced trading options	May require proof of trading experience or volume
Corporate Account	Corporate clients	Customized services and support	Requires corporate documentation for verification
Islamic Account	Traders requiring swap-free options	Compliance with Sharia law	Available upon request and verification
Demo Account	New traders and those testing strategies	Practice trading without financial risk	Limited time access, suitable for skill development

Account Opening Process

To open an account with Turing, potential traders will need to complete several steps. Initially, applicants must submit personal information, employment details, and financial background. This includes identity verification, where individuals will need to provide a government-issued ID and proof of address. Once the account is set up, there is flexibility to upgrade to a professional account if trading activity meets the required criteria later on.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads for major pairs
Forex (Minor Pairs)	Varies	$0	Varied spreads based on market conditions
CFDs (Stocks)	Varies	$0	Dependent on stock volatility
CFDs (Indices)	Varies	$0	Based on market movements
CFDs (Commodities)	Varies	$0	Subject to market changes
Cryptocurrencies	Varies	$0	Based on market conditions

Other Fees

Additional fees may apply when trading with Turing. These include potential deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates) for positions held overnight, and currency conversion fees for trades involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Turing User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alice Johnson

New York, NY

★ ★ ★ ★ ★

I’ve been trading with Turing for a few months now, and I appreciate the variety of instruments they offer. The MT4 platform is user-friendly, and the execution speed is impressive. Customer support has been responsive, which is a big plus for me as a beginner.

Michael Smith

Los Angeles, CA

★ ★ ★ ★ ★

Turing has exceeded my expectations! The range of trading instruments is fantastic, and I particularly like the demo account feature for practicing without financial risk. Their customer support is also quite helpful. I feel confident trading here.

Sarah Lee

Chicago, IL

★ ★ ★ ★ ★

I had issues withdrawing my funds. The process took longer than expected, and I felt frustrated trying to get help. While the trading platform is decent, the support during withdrawal was lacking.

David Brown

Houston, TX

★ ★ ★ ★ ★

I had a terrible experience with Turing. The customer service was unhelpful when I needed assistance, and I faced delays with my withdrawal requests. I would not recommend this broker based on my experience.

United States Market