Swissquote
turbo forex
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Overview
Swissquote was founded in 1999 and is headquartered in Switzerland, while turbo forex was established in 2016 and is based in United States. Swissquote holds licences including Financial Conduct Authority (FCA), while turbo forex is regulated by Your capital is at risk. among others. Swissquote serves 300,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $0 at Swissquote and $250 at turbo forex.
| Feature | Swissquote | turbo forex |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Your capital is at risk. |
| Founded | 1999 | 2016 |
| Country | Switzerland | United States |
| Clients | 300,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Swissquote and turbo forex, directly affecting your bottom line as a trader. Swissquote has a lower barrier to entry with a minimum deposit of $0 (vs $250 at turbo forex). turbo forex charges withdrawal fees while Swissquote does not, giving Swissquote an edge for frequent withdrawers. turbo forex applies inactivity fees on dormant accounts; Swissquote does not. turbo forex charges deposit fees; Swissquote does not. Overall, Swissquote scores higher on fees in our assessment.
| Feature | Swissquote | turbo forex |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Swissquote offers a mobile trading app; mobile availability for turbo forex is limited. Swissquote supports social and copy trading features, which turbo forex does not offer. Swissquote edges ahead on platform breadth and functionality in our scoring.
| Feature | Swissquote | 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, ZuluTrade, 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 Swissquote and turbo forex compare. Swissquote has a video library; turbo forex does not. Swissquote integrates third-party research tools (Autochartist); turbo forex does not. Swissquote scores higher overall in education and research.
| Feature | Swissquote | 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. Swissquote 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 | Swissquote | 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 Swissquote 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 | Swissquote | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Italian, Spanish, Arabic, Russian, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |