merrill edge
turbo forex
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Overview
merrill edge was founded in 2010 and is headquartered in USA, while turbo forex was established in 2016 and is based in United States. merrill edge holds licences including Financial Conduct Authority (FCA), while turbo forex is regulated by Your capital is at risk. among others. merrill edge serves 10,000+ clients worldwide; turbo forex has 14,000+. Both brokers share the same minimum deposit of $250.
| Feature | merrill edge | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F277 | Your capital is at risk. |
| Founded | 2010 | 2016 |
| Country | USA | United States |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between merrill edge and turbo forex, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. turbo forex charges withdrawal fees while merrill edge does not, giving merrill edge an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; merrill edge does not. turbo forex charges deposit fees; merrill edge does not. Overall, merrill edge scores higher on fees in our assessment.
| Feature | merrill edge | turbo forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
merrill edge offers a mobile trading app; mobile availability for turbo forex is limited. merrill edge supports social and copy trading features, which turbo forex does not offer. merrill edge edges ahead on platform breadth and functionality in our scoring.
| Feature | merrill edge | turbo forex |
|---|---|---|
| MT4 | No | 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 merrill edge and turbo forex compare. merrill edge has a video library; turbo forex does not. merrill edge integrates third-party research tools (Autochartist); turbo forex does not. merrill edge scores higher overall in education and research.
| Feature | merrill edge | turbo forex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. merrill edge 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 | merrill edge | 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 merrill edge 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 | merrill edge | 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 |