IG
turbo forex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
IG was founded in 1974 and is headquartered in UK, while turbo forex was established in 2016 and is based in United States. IG holds licences including Financial Conduct Authority (FCA), while turbo forex is regulated by Your capital is at risk. among others. IG serves 178,500+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $200 at IG and $250 at turbo forex.
| Feature | IG | turbo forex |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Your capital is at risk. |
| Founded | 1974 | 2016 |
| Country | UK | United States |
| Clients | 178,500+ | 14,000+ |
Fees
Fees are a critical factor when choosing between IG and turbo forex, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $250 at turbo forex). turbo forex charges withdrawal fees while IG does not, giving IG an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; IG does not. turbo forex charges deposit fees; IG does not. Overall, IG scores higher on fees in our assessment.
| Feature | IG | turbo forex |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
IG offers a mobile trading app; mobile availability for turbo forex is limited. IG supports social and copy trading features, which turbo forex does not offer. IG edges ahead on platform breadth and functionality in our scoring.
| Feature | IG | 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, Mac, Web Trader, L2 Dealer, 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 IG and turbo forex compare. IG runs regular live webinars; turbo forex does not. IG has a video library; turbo forex does not. IG publishes daily market commentary; turbo forex does not. IG integrates third-party research tools (Trading Central); turbo forex does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | IG | 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. IG accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while turbo forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). turbo forex uniquely supports Skrill and Neteller among the two brokers. turbo forex scores higher on deposit and withdrawal flexibility.
| Feature | IG | turbo forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 IG and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. IG supports 5 languages and turbo forex supports 8, giving turbo forex broader global reach. Both brokers are comparable on support quality.
| Feature | IG | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, German, Spanish, and Portuguese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |