Is TurboForex a Scam? Regulation Check 2026
We checked TurboForex's licence in the official FSA register. Here is what the public records say.
Verdict
TurboForex is NOT a scam. It holds FSA licence SD031, authorising it to offer trading services in India.
How to verify on the official register
| Regulator | FSA FSA Seychelles Financial Services Authority (FSA) |
| Licence Number | SD031 |
| Regulated Entity | TurboForex Group Inc |
| Founded | 2012 |
What FSA regulation means
FSA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSA directly.
What FSA regulation means for your money
- Client funds held in segregated bank accounts, separate from TurboForex's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSA if TurboForex fails to resolve your issue
- TurboForex submits to regular independent financial audits under FSA oversight
Frequently Asked Questions
Is TurboForex a scam or legitimate?
TurboForex is NOT a scam. It holds FSA licence number SD031. FSA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSA official register.
How do I check TurboForex's FSA licence?
Go to the official FSA website and use the public register search. Search for licence number SD031 or the entity name. The record will confirm TurboForex's authorisation status and the scope of its permissions.
Are my funds safe with TurboForex?
As an FSA-regulated broker, TurboForex must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if TurboForex encounters financial difficulties.
What protection do I have as a TurboForex client in India?
In India, TurboForex operates under FSA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSA.
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