Fortrade
turbo forex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Fortrade was founded in 1992 and is headquartered in UK, while turbo forex was established in 2016 and is based in United States. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while turbo forex is regulated by Your capital is at risk. among others. Fortrade serves 10,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $1 at Fortrade and $250 at turbo forex.
| Feature | Fortrade | turbo forex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 | Your capital is at risk. |
| Founded | 1992 | 2016 |
| Country | UK | United States |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and turbo forex, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at turbo forex). turbo forex charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; turbo forex does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | turbo forex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade offers a mobile trading app; mobile availability for turbo forex is limited. Fortrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Fortrade | 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, Binary, 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 Fortrade and turbo forex compare. The two brokers are evenly matched on educational content.
| Feature | Fortrade | turbo forex |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Fortrade 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 | Fortrade | 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 Fortrade and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and turbo forex supports 8, giving turbo forex broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |