ThinkMarkets
turbo forex
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Overview
ThinkMarkets was founded in 2010 and is headquartered in Australia & United Kingdom, while turbo forex was established in 2016 and is based in United States. ThinkMarkets holds licences including the Japanese Financial Services Agency (JFSA) with license no. 0250, while turbo forex is regulated by Your capital is at risk. among others. ThinkMarkets serves 475,000+ clients worldwide; turbo forex has 14,000+. The minimum deposit is $0 at ThinkMarkets and $250 at turbo forex.
| Feature | ThinkMarkets | turbo forex |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles | Your capital is at risk. |
| Founded | 2010 | 2016 |
| Country | Australia & United Kingdom | United States |
| Clients | 475,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between ThinkMarkets and turbo forex, directly affecting your bottom line as a trader. ThinkMarkets has a lower barrier to entry with a minimum deposit of $0 (vs $250 at turbo forex). turbo forex charges withdrawal fees while ThinkMarkets does not, giving ThinkMarkets an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. turbo forex charges deposit fees; ThinkMarkets does not. Overall, ThinkMarkets scores higher on fees in our assessment.
| Feature | ThinkMarkets | turbo forex |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
ThinkMarkets supports social and copy trading features, which turbo forex does not offer. ThinkMarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | ThinkMarkets | turbo forex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | No | No |
| Windows App | No | No |
| iOS App | No | No |
| Android App | No | No |
| Trading Platforms | MT4, MT5 and ThinkTrader | 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 ThinkMarkets and turbo forex compare. ThinkMarkets runs regular live webinars; turbo forex does not. ThinkMarkets has a video library; turbo forex does not. ThinkMarkets publishes daily market commentary; turbo forex does not. ThinkMarkets integrates third-party research tools (Trading Central, Autochartist); turbo forex does not. ThinkMarkets maintains an archive of past webinars for on-demand viewing. ThinkMarkets scores higher overall in education and research.
| Feature | ThinkMarkets | 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. ThinkMarkets 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 | ThinkMarkets | 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 ThinkMarkets and turbo forex offer live chat support. Both provide phone support. Email support is available at both brokers. ThinkMarkets supports 13 languages and turbo forex supports 8, giving ThinkMarkets broader global reach. Both brokers are comparable on support quality.
| Feature | ThinkMarkets | turbo forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Portuguese, Vietnamese, Chinese, Czech, Greek, Indonesian, Thai, Malay, Italian, Arabic, German, Spanish and Japanese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |