FXCM
turbo forex
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Overview
FXCM was founded in 1999 and is headquartered in United States, while turbo forex was established in 2016 and is based in United States. FXCM holds licences including Financial Conduct Authority (FCA), while turbo forex is regulated by Your capital is at risk. among others. FXCM serves 10,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $1 at FXCM and $250 at turbo forex.
| Feature | FXCM | turbo forex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Your capital is at risk. |
| Founded | 1999 | 2016 |
| Country | United States | United States |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between FXCM and turbo forex, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $250 at turbo forex). turbo forex charges withdrawal fees while FXCM does not, giving FXCM an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; FXCM does not. turbo forex charges deposit fees; FXCM does not. Overall, FXCM scores higher on fees in our assessment.
| Feature | FXCM | turbo forex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
FXCM offers a mobile trading app; mobile availability for turbo forex is limited. FXCM edges ahead on platform breadth and functionality in our scoring.
| Feature | FXCM | 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, Mirror Trader, Web Trader, NinjaTrader, 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 FXCM and turbo forex compare. FXCM runs regular live webinars; turbo forex does not. FXCM has a video library; turbo forex does not. FXCM publishes daily market commentary; turbo forex does not. FXCM integrates third-party research tools (Trading Central, Autochartist); turbo forex does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | FXCM | 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. FXCM 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 | FXCM | 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 FXCM and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. FXCM supports 2 languages and turbo forex supports 8, giving turbo forex broader global reach. Both brokers are comparable on support quality.
| Feature | FXCM | 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 |