FP Markets
turbo forex
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while turbo forex was established in 2016 and is based in United States. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while turbo forex is regulated by Your capital is at risk. among others. FP Markets serves 10,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $100 at FP Markets and $250 at turbo forex.
| Feature | FP Markets | turbo forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Your capital is at risk. |
| Founded | 2005 | 2016 |
| Country | Australia | United States |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between FP Markets and turbo forex, directly affecting your bottom line as a trader. FP Markets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at turbo forex). turbo forex charges withdrawal fees while FP Markets does not, giving FP Markets an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; FP Markets does not. FP Markets charges deposit fees; turbo forex does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | FP Markets | turbo forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
FP Markets offers a mobile trading app; mobile availability for turbo forex is limited. FP Markets supports social and copy trading features, which turbo forex does not offer. FP Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | FP Markets | 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, MT5, IRESS, Mac, 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 FP Markets and turbo forex compare. FP Markets runs regular live webinars; turbo forex does not. FP Markets has a video library; turbo forex does not. FP Markets publishes daily market commentary; turbo forex does not. FP Markets integrates third-party research tools (Trading Central); turbo forex does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | FP Markets | 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. FP Markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while turbo forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | FP Markets | turbo forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | 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 FP Markets and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. turbo forex offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |