If you are a trader who prefers to deal with an offshore broker that can be more flexible in its product offerings than your local domestic brokers, then TrendsTurbo may be worthy of your consideration. Its management group has been in the CFD and forex trading space for the past decade and is committed to making the next decade more successful. Its current claim is that it is “one of the fastest-growing online trading brands in the world”.

TrendsTurbo operates out of Saint Vincent and the Grenadines in the Caribbean, offering CFDs in forex, metals, energies, indices, futures and stocks, totalling more than 450 trading instruments in all, with leverage available up to 400:1 for a Platinum Account. TrendsTurbo also offers the award-winning and highly popular family of MetaTrader 4 (MT4) platform options. No matter where you might be, if you can access the internet, then you can trade, either from your desktop or from your mobile smart device.

When you arrive at the TrendsTurbo website, its professional homepage greets you:

The TrendsTurbo team is committed to making your trading experience the best that it can be. In addition to its wide selection of investment possibilities, there are zero fees or commissions with spreads that are competitive and in line with the tightest in the industry. Customer service is 24/7 to support your efforts at any moment in time, with experts who can walk you through a number of winning trading strategies. Couple these features with the MT4 series of online and web-based trading platforms and you have a winning formula for success.

From a security perspective, your deposits are always maintained in segregated accounts at financial institutions, and all personal and transactional data are encrypted using the latest in technology to thwart any threats from hackers. The firm must also abide by international anti-money laundering statutes and banking Know Your Customer (KYC) standards. For these reasons, you will be asked to provide personal identity information to open a trading account. Depending upon your country of residence, account application approval can come within minutes or up to an hour, if all documentation is in order.

Getting started is very straightforward. You can get up and running by clicking a single ‘Start Trading’ button on the homepage. As noted, you will need to have certain legally required documentation to complete the application process, but the site will walk you through each step. Once approved, the next step will be to fund your account. TrendsTurbo offers several popular payment methods such as credit and debit cards and bank wire transfers, but it has also teamed up with many domestic payment processors to make money transfers convenient.

Once funds are posted to your account, you can start trading, as long as you can access to the internet and use the firm’s web-based trading platform. If you prefer to have the MT4 equivalent platform on your desktop, then you will need to follow a few simple steps to complete that download. If you are an on-the-go trader, then perhaps your preference would be the MT4 app for your mobile device. Both Android and Apple devices are supported. These various platforms provide a conduit for daily news feeds and analyses related to market activity.

Lastly, TrendsTurbo is also an STP, or straight-through processing, operation. In other words, your execution orders flow directly to the market, thereby eliminating the effects of having a dealing desk that can profit from your trading volume independent of the market. This process also ensures the absence of requotes because the firm has made arrangements with several large liquidity providers, which can provide instant execution without delays.

TrendsTurbo Pros & Cons

The reasons for trading with a broker domiciled in Saint Vincent and the Grenadines are several, especially if the trader prefers to have high leverage available and the freedom to trade whatever type of investment medium they choose without restriction. TrendsTurbo is one of these broker options, but here is a detailed list of both pros and cons:

Pros

• Increased leverage, which can vary by account classification from 100:1 to 400:1.
• Over 450 investment instruments to choose from, including major, minor and exotic forex pairs; metals including gold, silver, copper, and platinum; energies including crude oil, natural gas and heating oil; indices of several national stock exchanges; and hundreds of stock offerings.
• Spreads are tight and competitive (average of 0.5 for the EUR/USD forex pair), and there are no fees or commissions, especially for deposits and withdrawals. Your payment intermediary, however, may charge a fee for its services.
• The company offers the highly popular MT4 series of trading platforms, which can be used directly via your desktop or electronic device. Web-based services can be accessed wherever you have an internet connection.
• For market trades, the firm is an STP processor with no dealing desk intermediary to profit on your trades.
• Trade sizes can vary by 0.01 up to 50 lots.
• Margin Stop Out levels are minimal at 5%, instead of the regulatory norm of 50%.
• Personal Account Managers are assigned to every account holder.
• A minimum investment of $250 can get you started immediately with this broker.

Cons

• There is no learning academy or emphasis on training materials for a beginner.
• Currently, there is no ‘live chat’ feature on the website, though there could be one in the future.
• There is no social trading or expert follower mode of trading.
• There are no marketing programmes to entice clients to join or stay, as with other competitive forex trading websites.
• Trading vehicles are limited primarily to CFDs.

Trading Platforms and Tools

The management team elected to go with the popular MT4 family of platform products, instead of developing a proprietary platform that catered more to advanced and institutional traders. As a result, all traders are equal in that respect, and the familiarity of the MT4 series has withstood the test of time. Traders like the platform and its many features. Why change from what is already a successful business model?

The website makes the effort to describe each of its product offerings in detail as follows:

1. MT4 Downloadable Terminal: For every trader that has used their desktop for years to trade foreign currency pairs or other financial instruments, the MT4 downloadable set of software cannot be beat for its user-friendliness, its ability to access the interbank market, and to act as a trader’s ‘central trading hub’. Benefits include one-touch trading, a broad selection of indicators, auto-trading capability, and the ability to interface Expert Advisors.
2. MT4 Mobile: For the trader who is always on the move, the MT4 app is great for both Apple and Android phones, or any other device that is powered by the Android OS operating system. Deal histories are accessible, as well as integrated charts to support your new trading decisions.
3. MT4 Web: For those traders who do not want to download MT4 software to their desktop or mobile device, there is always the MT4 Web option. Your web browser and access to the internet is all that you need to conduct trades.
4. MT4 for macOS: For iOS-powered devices, MT4 iPhone and iPad software unleashes the power of MT4 at a single touch. To download this platform option, you will also need to install a ‘Wine’ emulator, which is free and must precede the MT4 macOS download.
5. MT4 Guide: The TrendsTurbo website augments its platform discussion with a section entitled ‘MetaTrader 4 Guide’. The guide is a set of 10 frequently asked questions, designed to help you get past any difficulty with the MT4 product line.

Broker products

Product features are associated with your account category, but each category has access to the 450+ trading instruments, without any limitation on the number of open positions. Trade sizes may vary from 0.01 to 50 lots. Scalping and news trading are allowed, and every account is assigned a personal account manager. All accounts are maintained in US dollars. In addition to a virtual trading account, account categories are divided into four classifications, as depicted below:

Features follow account classifications, based on your initial deposit as follows:

• Bronze – $250: Spreads start at 2.8 pips, and leverage is limited to 100:1 with a 5% Stop Out level. No Expert Advisors are permitted at this level.
• Silver – $2,000: Spreads start at 2.5 pips, and leverage is raised to 200:1 with a 5% Stop Out level. Expert Advisors are permitted.
• Gold – $10,000: Spreads start at 1.5 pips, and leverage is limited to 300:1 with a 5% Stop Out level. Expert Advisors are permitted.
• Platinum – $50,000: Spreads start at 0.1 pips, and leverage is limited to 400:1 with a 5% Stop Out level. Expert Advisors are permitted.

TrendsTurbo sets itself apart from the competitive pack by offering over 450 instruments for trading. The website details six sectors as follows:

1. Currency Pairs: The TrendsTurbo website speaks to hundreds of currency pairs that may be traded with a CFD on the various MT4 platforms. These pairs include “all the majors, many of the minors, and a handful of exotics”.
2. Indices: TrendsTurbo offers CFD trading for more than a dozen indices from major stock exchanges across the globe. Some examples are USA 500, Europe 50, UK 100, Germany 30, Nikkei 200, Nasdaq, and France 40. With these instruments, you may focus on a market sector, the economy of a single country, or a region.
3. Metals: Do you want to focus on precious metals? Commodity CFDs cover gold, silver, copper, palladium and platinum.
4. Energies: The largest commodity market in the world is energy. Here, you may trade CFDs for Brent and WTI crude oil, petroleum, natural gas and heating oil.
5. Futures: This market is primarily for commodities, but it also includes individual stocks, shares of ETFs, bonds or gold.
6. Shares: Lastly, you may trade CFDs for popular companies on the NYSE, Nasdaq, European exchanges, and Asian exchanges.

Fees

On its homepage, TrendsTurbo proclaims that there are no deposit or withdrawal fees, an exception in an industry that typically makes it difficult to withdraw funds at any moment in time. After this positive statement, the company also states that it charges zero fees and commissions, suggesting therefore that it makes its income from spreads or profiting from dealing directly with its clients when a CFD is the trading vehicle. Spreads, however, are competitive, with averages ranging from 0.5 for the popular EUR/USD and AUD/USD pairs, to 0.8 for the GBP/USD coupling.

Education

Beginner traders looking for a learning academy will not find a stockpile of training videos and manuals on the TrendsTurbo website. The management team has opted for the direct support from a market expert to help guide your initial efforts at trading. This broker is also a low-cost provider, and to be such, it has elected to limit education materials, which tend to be out of date on most other broker sites. If you need initial training, there is a plethora of forex trading sites devoted to this activity within a single click on a search engine. In addition to direct access to an expert, the platform also delivers up-to-the-minute analysis and news of market behaviour – all that a deliberate trader needs to execute their individual plan of attack.

Additional Services and New-Customer Offers

There is no social trading or expert-copying type of trading product offered, a benefit found on many of the larger trading websites. TrendsTurbo does maintain an active Partnership programme to reward individuals who bring new traders to the TrendsTurbo platform. The management team touts its commission programme as the most competitive in the industry, and you can join this programme for free. As the traders you have introduced to TrendsTurbo transact business, you will receive a commission based on your individual referral level. Since the firm focuses on this type of partnering arrangement, it does not expend marketing funds on new customer offers to attract new business or conduct contests, which you may have seen on other trading websites.

Customer Service

TrendsTurbo is committed to providing excellent customer support. Whether by telephone or email, a market expert is ready 24/7 to answer your questions, walk you through a potentially winning trading strategy, or deal with any complaint you might have. All contacts occur within a 24-hour period, but you can always contact the company by mail. The website, however, does not currently offer a live chat facility, which has become the norm for most brokers attempting to give immediate customer satisfaction to their clients. TrendsTurbo is owned and operated by the KMA Group LLC and located on the first floor of the First St. Vincent Bank Ltd. Building, James Street, Kingstown, in Saint Vincent and the Grenadines. Its official registration number is 918 LLC 2021. Its phone number is 44-744-142-6892.

TrendsTurbo may be located in Saint Vincent and the Grenadines, but it is not regulated by the financial authorities in that jurisdiction, and it is not regulated by any of the major regulatory bodies across the globe. The broker, however, does adhere to anti-money laundering and KYC legislation and security protocols for protecting your deposits. The allure is that it can be more flexible than other heavily regulated brokers – the reason that dozens of other forex brokers have set up shop in Saint Vincent and the Grenadines. US clients, however, are not accepted, as regulations in that country forbid the trading of CFDs.

Summary

For traders who prefer to deal with a small, innovative broker that focuses on your success, provides increased levels of leverage, the most popular trading platform options, and an assortment of account categories for every level of trader, TrendsTurbo may be the broker that you are seeking. The broker does not offer a training library of videos for the beginner, but it compensates for this missing piece with direct support from a market expert. The lack of regulatory oversight might be an issue for some traders, but the management team has been in this industry for more than a decade and is committed to your success. To conclude, the firm ranks above the industry average with a rating of 3.5 stars. If its features and product offerings match up with your requirements, then TrendsTurbo may be worth a look.