SpreadCo
turbo forex
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Overview
SpreadCo was founded in 2005 and is headquartered in London, while turbo forex was established in 2016 and is based in United States. SpreadCo holds licences including Financial Conduct Authority (FCA), while turbo forex is regulated by Your capital is at risk. among others. SpreadCo serves 10,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $100 at SpreadCo and $250 at turbo forex.
| Feature | SpreadCo | turbo forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Your capital is at risk. |
| Founded | 2005 | 2016 |
| Country | London | United States |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between SpreadCo and turbo forex, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $250 at turbo forex). Both brokers charge withdrawal fees. turbo forex applies inactivity fees on dormant accounts; SpreadCo does not. SpreadCo charges deposit fees; turbo forex does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | SpreadCo | turbo forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
SpreadCo offers a mobile trading app; mobile availability for turbo forex is limited. SpreadCo supports social and copy trading features, which turbo forex does not offer. SpreadCo edges ahead on platform breadth and functionality in our scoring.
| Feature | SpreadCo | 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 SpreadCo and turbo forex compare. SpreadCo has a video library; turbo forex does not. SpreadCo integrates third-party research tools (Autochartist); turbo forex does not. SpreadCo scores higher overall in education and research.
| Feature | SpreadCo | 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. SpreadCo 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 | SpreadCo | 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 SpreadCo and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. SpreadCo supports 2 languages and turbo forex supports 8, giving turbo forex broader global reach. Both brokers are comparable on support quality.
| Feature | SpreadCo | 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 |