Plus500
turbo forex
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Overview
Plus500 was founded in 2008 and is headquartered in Israel, while turbo forex was established in 2016 and is based in United States. Plus500 holds licences including Plus500UK Ltd authorized & regulated by the FCA (#509909), while turbo forex is regulated by Your capital is at risk. among others. Plus500 serves 1,000,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $100 at Plus500 and $250 at turbo forex.
| Feature | Plus500 | turbo forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Your capital is at risk. |
| Founded | 2008 | 2016 |
| Country | Israel | United States |
| Clients | 1,000,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Plus500 and turbo forex, directly affecting your bottom line as a trader. Plus500 has a lower barrier to entry with a minimum deposit of $100 (vs $250 at turbo forex). turbo forex charges withdrawal fees while Plus500 does not, giving Plus500 an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. turbo forex charges deposit fees; Plus500 does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | Plus500 | turbo forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Plus500 offers a mobile trading app; mobile availability for turbo forex is limited. Plus500 supports social and copy trading features, which turbo forex does not offer. Plus500 edges ahead on platform breadth and functionality in our scoring.
| Feature | Plus500 | 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 | Web Trader, 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 Plus500 and turbo forex compare. Plus500 runs regular live webinars; turbo forex does not. Plus500 has a video library; turbo forex does not. Plus500 publishes daily market commentary; turbo forex does not. Plus500 integrates third-party research tools (Trading Central, Autochartist); turbo forex does not. Plus500 maintains an archive of past webinars for on-demand viewing. Plus500 scores higher overall in education and research.
| Feature | Plus500 | 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. Plus500 accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while turbo forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). turbo forex uniquely supports Neteller among the two brokers. turbo forex scores higher on deposit and withdrawal flexibility.
| Feature | Plus500 | turbo forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | 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 Plus500 and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. Plus500 supports 15 languages and turbo forex supports 8, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Plus500 | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |