AvaTrade
turbo forex
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while turbo forex was established in 2016 and is based in United States. AvaTrade holds licences including Central Bank of Ireland, while turbo forex is regulated by Your capital is at risk. among others. AvaTrade serves 200,000+ clients worldwide; turbo forex has 14,000+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Your capital is at risk. |
| Founded | 2006 | 2016 |
| Country | The British Virgin Islands | United States |
| Clients | 200,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and turbo forex, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. turbo forex charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; AvaTrade does not. turbo forex charges deposit fees; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers a mobile trading app; mobile availability for turbo forex is limited. AvaTrade supports social and copy trading features, which turbo forex does not offer. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | turbo forex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | No |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and turbo forex compare. AvaTrade has a video library; turbo forex does not. AvaTrade integrates third-party research tools (Autochartist); turbo forex does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | turbo forex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while turbo forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). turbo forex uniquely supports Skrill among the two brokers. turbo forex scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | turbo forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and turbo forex supports 8, giving turbo forex broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |