ForexTB
turbo forex
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Overview
ForexTB was founded in 2015 and is headquartered in Cyprus, while turbo forex was established in 2016 and is based in United States. ForexTB holds licences including Cyprus Securities and Exchange Commission (CySEC), while turbo forex is regulated by Your capital is at risk. among others. ForexTB serves 5,000+ clients worldwide; turbo forex has 14,000+. Both brokers share the same minimum deposit of $250.
| Feature | ForexTB | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 | Your capital is at risk. |
| Founded | 2015 | 2016 |
| Country | Cyprus | United States |
| Clients | 5,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between ForexTB and turbo forex, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. turbo forex charges withdrawal fees while ForexTB does not, giving ForexTB an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; ForexTB does not. turbo forex charges deposit fees; ForexTB does not. Overall, ForexTB scores higher on fees in our assessment.
| Feature | ForexTB | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ForexTB offers a mobile trading app; mobile availability for turbo forex is limited. ForexTB edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexTB | 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, 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 ForexTB and turbo forex compare. ForexTB runs regular live webinars; turbo forex does not. ForexTB has a video library; turbo forex does not. ForexTB publishes daily market commentary; turbo forex does not. ForexTB integrates third-party research tools (Trading Central); turbo forex does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | ForexTB | turbo forex |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexTB accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while turbo forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). turbo forex uniquely supports PayPal and Skrill and Neteller among the two brokers. turbo forex scores higher on deposit and withdrawal flexibility.
| Feature | ForexTB | turbo forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexTB and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. ForexTB supports 2 languages and turbo forex supports 8, giving turbo forex broader global reach. Both brokers are comparable on support quality.
| Feature | ForexTB | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |