Libertex
turbo forex
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while turbo forex was established in 2016 and is based in United States. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while turbo forex is regulated by Your capital is at risk. among others. Libertex serves 2,200,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $117 at Libertex and $250 at turbo forex.
| Feature | Libertex | turbo forex |
|---|---|---|
| Min. Deposit | $117 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Your capital is at risk. |
| Founded | 2012 | 2016 |
| Country | Cyprus | United States |
| Clients | 2,200,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Libertex and turbo forex, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $250 at turbo forex). turbo forex charges withdrawal fees while Libertex does not, giving Libertex an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; Libertex does not. turbo forex charges deposit fees; Libertex does not. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | turbo forex |
|---|---|---|
| Min. Deposit | $117 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Libertex offers a mobile trading app; mobile availability for turbo forex is limited. Libertex supports social and copy trading features, which turbo forex does not offer. Libertex edges ahead on platform breadth and functionality in our scoring.
| Feature | Libertex | turbo forex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | No | No |
| Windows App | Yes | No |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, MT5, Duplitrade, 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 Libertex and turbo forex compare. Libertex has a video library; turbo forex does not. Libertex publishes daily market commentary; turbo forex does not. Libertex integrates third-party research tools (Trading Central, Autochartist); turbo forex does not. Libertex scores higher overall in education and research.
| Feature | Libertex | turbo forex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | No | 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. Libertex 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 | Libertex | 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 Libertex and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and turbo forex supports 8, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |