fxcl markets
turbo forex
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while turbo forex was established in 2016 and is based in United States. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while turbo forex is regulated by Your capital is at risk. among others. fxcl markets serves 10,000+ clients worldwide; turbo forex has 14,000+. Both brokers share the same minimum deposit of $250.
| Feature | fxcl markets | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Services Authority (FSA) number 1637 | Your capital is at risk. |
| Founded | 2006 | 2016 |
| Country | Cayman Islands | United States |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and turbo forex, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. turbo forex charges withdrawal fees while fxcl markets does not, giving fxcl markets an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; fxcl markets does not. turbo forex charges deposit fees; fxcl markets does not. Overall, fxcl markets scores higher on fees in our assessment.
| Feature | fxcl markets | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fxcl markets offers a mobile trading app; mobile availability for turbo forex is limited. fxcl markets supports social and copy trading features, which turbo forex does not offer. fxcl markets edges ahead on platform breadth and functionality in our scoring.
| Feature | fxcl 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, Mac, ZuluTrade, Web Trader, cTrader, 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 fxcl markets and turbo forex compare. fxcl markets runs regular live webinars; turbo forex does not. fxcl markets has a video library; turbo forex does not. fxcl markets publishes daily market commentary; turbo forex does not. fxcl markets integrates third-party research tools (Trading Central, Autochartist); turbo forex does not. fxcl markets maintains an archive of past webinars for on-demand viewing. fxcl markets scores higher overall in education and research.
| Feature | fxcl markets | turbo forex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fxcl 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 | fxcl 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 fxcl markets and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | fxcl markets | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |