Turbo Forex Vs City Index

How Turbo Forex and City Index Compare in 2024

Turbo Forex or City Index who is better?

Compare TURBO FOREX Versus CITY INDEX and IC Markets broker accounts.


Compare Turbo Forex Vs City Index Side by Side

So you are looking for a broker, Turbo Forex or City Index who should you choose?

When trading on financial markets you will want to know all about who Turbo Forex or City Index are, and how they compare. You will naturally want to know how long Turbo Forex and City Index have been in business and what reputation Turbo Forex and City Index have. On top of this, you will need to discover if Turbo Forex and City Index match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Turbo Forex and City Index compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Turbo Forex and City Index side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing Turbo Forex and City Index. By comprehensively comparing Turbo Forex and City Index features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Turbo Forex, City Index or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Turbo Forex and City Index. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Turbo Forex platform or City Index that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


Turbo Forex

(3/5)
Benefits of Turbo Forex?
  • Established in 2008
  • Turbo Forex have been in business for 16 years.
  • Head quarters in United Kindom.
  • Live Chat
  • Turbo Forex Min deposit $250
Turbo Forex screenshot turboforex sign up here
Your capital is at risk
Reputation Support
Good
Good

Turbo Forex Regulation

Turbo Forex is regulated by the Financial Market Relations Regulation Center (FMRRC).

Excluded Countries

US, IR

Turbo Forex Fees

Deposit fee
Commission
Inactivity fee
Withdrawal fee varies
Min trade varies
Max trade varies
Min deposit $250
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies

Turbo Forex Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Turbo Forex Platforms

 Windows, Android, Mac , iOS

Turbo Forex Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See Turbo Forex
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See Turbo Forex
instruments here
Your capital is at risk

Turbo Forex Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Turbo Forex website. Our records were last updated on .

Visit Turbo Forex today
Your capital is at risk

City Index

(3/5)
Benefits of City Index?
  • Established in 1983
  • City Index have been in business for 41 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • City Index Min deposit $25
City Index screenshot City Index sign up here
73% of retail investor accounts lose money when trading CFDs with this provider
Reputation Support
Good
Great

City Index Regulation

City Index is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS).

Excluded Countries

US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW

City Index Fees

Deposit fee Varies
Commission 0.0015
Inactivity fee Yes
Withdrawal fee Varies
Min trade 1 Lot
Max trade Varies
Min deposit $25
View all spreads
& fees here
73% of retail investor accounts lose money when trading CFDs with this provider

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
2-3 business days

Withdrawal processing time
2-3 business days
See all City Index
funding options here
73% of retail investor accounts lose money when trading CFDs with this provider

City Index Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

City Index Platforms

MT4, Web Trader, Tablet & Mobile apps

City Index Languages

English, Spanish, German, Arabic, Polish, and Chinese

See City Index
features here
73% of retail investor accounts lose money when trading CFDs with this provider

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See City Index
instruments here
73% of retail investor accounts lose money when trading CFDs with this provider

City Index Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the City Index website. Our records were last updated on .

Visit City Index today
73% of retail investor accounts lose money when trading CFDs with this provider

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

Turbo Forex Vs City Index Table of Contents

Turbo Forex and City Index in Detail

Turbo Forex Review Screenshot

The Turbo Forex online trading platform gives traders from all over the world access to over 237 financial instruments including over 12,500 available instruments. There are over 10,000+ registered customers that have taken advantage of the Turbo Forex platform.

Turbo Forex are regulated by Financial Market Relations Regulation Center (FMRRC).

Turbo Forex Review Screenshot

City Index is a renowned UK financial trading brokerage established in 1983.

City Index serves customers globally and are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS). Depending on the country you are trading from Turbo Forex may serve you from a different business entity to comply with its financial regulators.

City Index is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Turbo Forex is listed as a publically traded company so are a reputable broker.

City Index is a popular well known financial trading platform serving over 14,000 customers.

Benefits of Turbo Forex and City Index Compared

Below, we will give you a summary of the benefits Turbo Forex and City Index offer side by side.

Turbo Forex offers a minimum deposit of 250 while City Index have a 25 minimum deposit.

Why smaller trading deposits are good and how Turbo Forex and City Index compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Turbo Forex or City Index. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Turbo Forex requires a minimum deposit of 250, whereas City Index mandates a minimum deposit of 25. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Turbo Forex or City Index, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

Turbo Forex allows traders to trade up to 237 financial instruments while City Index have around 12,500 on their trading platform.

The more instruments available on Turbo Forex and City Index trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Turbo Forex or City Index.

The Turbo Forex trading platform has 0 stocks listed while City Index has 4,500 stocks listed.

Turbo Forex allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the Turbo Forex  Windows, Android, Mac , iOS trading platforms.

Alternatively City Index allows retail traders to trade Forex, CFDs, Spread Betting on the City Index MT4, Web Trader, Tablet & Mobile apps trading platforms.

Compare Turbo Forex and City Index in more detail below.

Drawbacks of Turbo Forex and City Index Compared

Below we compare what drawbacks Turbo Forex and City Index have side by side.

Various potential downsides can be associated with certain brokers, including Turbo Forex and City Index. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Turbo Forex compared to City Index. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Turbo Forex versus City Index.

Broker turboforex City Index IC Markets
Inactivity Fees Yes No
Withdrawl Fees varies Varies No
Withdrawal Processing Time Varies 2-3 business days Varies
Min Deposit 250 25 200
Social Trading Yes No Yes
Excluded Countries US, IR US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW US, IR, CA, NZ, JP

Turbo Forex Vs City Index Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Turbo Forex or City Index. A diversified portfolio with Turbo Forex or City Index can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Turbo Forex or City Index, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Turbo Forex and City Index.

Broker turboforex City Index IC Markets
Instruments Available 237 12500 2250
Offers share dealing Yes No Yes
Number of Shares 0 4,500 2,100
Offers US Stocks No Yes Yes
Offers UK Stocks Yes Yes Yes
Offers German Stocks No Yes Yes
Offers Japanese Stocks No Yes Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 0 26 20
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities Yes Yes Yes
Offers Agricultural Commodities Yes Yes Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 100 61
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs No Yes Yes
Offers Exotic Forex Pairs No Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading Yes No Yes

Turbo Forex Vs City Index Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Turbo Forex and City Index, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Turbo Forex and City Index offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with Turbo Forex or City Index is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Turbo Forex or City Index could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Turbo Forex, City Index, and all brokers are subject to regulation.

We compare Turbo Forex vs City Index Crypto options below side by side.

Broker turboforex City Index IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) No Yes Yes
Cryptocurrencies Offered BCH, BTC, ETH, LTC, XRP BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

Turbo Forex Vs City Index Commission and Fees

knowing your trading and commission fees with Turbo Forex vs City Index is extremely important. For the majority of the Turbo Forex 237 financial instruments and City Index 12,500 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Turbo Forex and City Index. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Turbo Forex and City Index before you invest because you must know what you are paying.

You ideally want to choose a broker like Turbo Forex or City Index that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with Turbo Forex or City Index. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential Turbo Forex and City Index fees, of course. Make sure you do your research and check the commission and fees with both Turbo Forex and City Index before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Turbo Forex or City Index be aware of or 3rd party payment provider fees and currency conversion fees.

Both Turbo Forex and City Index do charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant Turbo Forex and City Index accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Turbo Forex or City Index account, or choose to close it.

Usually, the associated fees for dormant Turbo Forex or City Index accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Turbo Forex or City Index trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Turbo Forex or City Index you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Turbo Forex or City Index nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how Turbo Forex vs City Index compare side by side for commissions and fees.

Broker turboforex City Index IC Markets
Min Deposit 250 25 200
Inactivity Fees Yes No
Withdrawal Fees varies Varies No
Deposit Fees Varies Varies

Turbo Forex Vs City Index Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Turbo Forex and City Index platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Turbo Forex or City Index demo account.

Broker turboforex City Index IC Markets
Offers MT4 No Yes Yes
Offers MT5 No No Yes
Offers cTrader No No Yes

Turbo Forex Vs City Index Mobile Trading

Trading on your mobile with Turbo Forex and City Index can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Turbo Forex and City Index mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Turbo Forex or City Index. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Turbo Forex or City Index can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with Turbo Forex or City Index is essential. Likewise, if you have an android phone, it's crucial to verify if Turbo Forex or City Index broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Turbo Forex and City Index have trading apps compatible with your device.

Broker turboforex City Index IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App Yes Yes

Turbo Forex Vs City Index Trading Account Types Offered

Turbo Forex Vs City Index Demo Account

A demo account with Turbo Forex or City Index is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Turbo Forex and City Index demo account.

Turbo Forex Vs City Index Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if Turbo Forex or City Index offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Turbo Forex does not offer clients Micro accounts, while City Index does offer clients Micro accounts.

Turbo Forex Vs City Index Standard Account

A standard account is available on Turbo Forex and City Index to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Turbo Forex does not offer clients Standard accounts, while City Index does offer clients Standard accounts.

Turbo Forex Vs City Index MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Turbo Forex or City Index or alternative.

Turbo Forex and City Index do not offer clients MAM accounts.

Turbo Forex Vs City Index ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with Turbo Forex or City Index or alternative.

Turbo Forex does offer clients ECN accounts, while City Index does not offer clients ECN accounts.

Turbo Forex Vs City Index Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with Turbo Forex or City Index or alternative.

Turbo Forex does offer clients Islamic accounts, while City Index does not offer clients Islamic accounts.

Turbo Forex Vs City Index STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with Turbo Forex or City Index or alternative.

Both Turbo Forex and City Index offer clients STP accounts.

Turbo Forex Vs City Index Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

Turbo Forex does not offer clients Managed accounts, while City Index does offer clients Managed accounts.

Broker turboforex City Index IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No Yes No
Offers Standard Accounts No Yes Yes
Offers MAM Accounts No No Yes
Offers ECN Accounts Yes No No
Offers Islamic Accounts Yes No Yes
Offers STP Accounts Yes Yes No
Offers Managed Accounts No Yes No

Turbo Forex Vs City Index Withdrawal and Funding Methods

Turbo Forex and City Index have multiple deposit and withdrawal options. Funding and withdrawing from your Turbo Forex and City Index accounts to your chosen payment method should be straightforward. Lets see how Turbo Forex and City Index compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Turbo Forex or City Index.

Broker turboforex City Index IC Markets
Payment Methods Credit cards, Bank Wire transfer, Electronic wallets (eWallets) ,Skrill, Neteller, Sofort, WebMoney, Credit cards, MasterCard, Debit cards, VISA, Maestro, Electron, Bank Transfer, MasterCard, Paypal, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

Turbo Forex Vs City Index Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Turbo Forex or City Index support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Turbo Forex and City Index support is always available when needed. Turbo Forex and City Index customer support is not just useful. broker customer support is crucial to your trading success!

Turbo Forex Vs City Index Live Chat

Live chat is important for several reasons. When you encounter a problem with Turbo Forex or City Index trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both Turbo Forex and City Index offer livechat support.

Turbo Forex Vs City Index Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Turbo Forex or City Index you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Turbo Forex or City Index support team to answer satisfactorily. Email support with Turbo Forex and City Index will be needed.

Both Turbo Forex and City Index offer email support.

Turbo Forex Vs City Index Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Turbo Forex or City Index. We can get straight to the point, saving us time and frustration.

Both Turbo Forex and City Index offer phone support.

Lets see how Turbo Forex and City Index customer support compare side by side.

Broker turboforex City Index IC Markets
Offers Live Chat Yes Yes Yes
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, German, Arabic, Polish, and Chinese English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone +44 20 373 42018 0845 355 0801 No

Turbo Forex Vs City Index Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Turbo Forex and City Index are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Turbo Forex or City Index have these in place, please be extremely cautious before you proceed with them.

We compare Turbo Forex Vs City Index financial regulation and licensing side by side below.

Broker turboforex City Index IC Markets
FCA Regulation No Yes No
CySEC Regulation No No Yes
MiFID Regulation No No No
ASIC Regulation No Yes Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No Yes No

Turbo Forex Vs City Index Risk Management Features

When trading with either Turbo Forex or City Index you will want to understand and make full use of all the risk management features on your Turbo Forex or City Index trading platforms.

We compare side by side the trading risk management features offered by Turbo Forex and City Index below.

Turbo Forex Vs City Index Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Both Turbo Forex and City Index do offer clients hedging.

Turbo Forex Vs City Index Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both Turbo Forex and City Index do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Turbo Forex or City Index. You must still monitor any live trades and your financial exposure and financial risk.

Turbo Forex Vs City Index Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both Turbo Forex and City Index do offer clients limit orders.

Turbo Forex Vs City Index Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both Turbo Forex and City Index do offer clients negative balance protection.

Broker turboforex City Index IC Markets
Offers Hedging Yes Yes Yes
Negative Balance Protection Yes Yes
Guaranteed Stop Loss Yes No
Offers Limit Orders Yes Yes
Offers Trailing Stops Yes Yes

Turbo Forex Vs City Index Verdict

We hope this Turbo Forex Vs City Index guide has helped you decide who is best to trade with out of Turbo Forex and City Index.

When choosing a broker like Turbo Forex or City Index for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Turbo Forex or City Index are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Turbo Forex or City Index, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Turbo Forex or City Index.

Also, before you sign up with online brokers like Turbo Forex or City Index, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Turbo Forex or City Index before investing money into something.

Beware of the risks that come with trading with Turbo Forex or City Index. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Turbo Forex and City Index educational resources and financial research tools. If you are new to trading, sign up for a demo account with Turbo Forex and City Index to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Turbo Forex or City Index will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Turbo Forex and City Index fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Turbo Forex or City Index if your investment strategy is more long-term.

Turbo Forex and City Index Alternatives

If Turbo Forex and City Index are not what you are not quite what you are looking for we list some of the best Turbo Forex and City Index alternatives below.

Other Turbo Forex and City Index Vs Comparisons

If you are still looking for an alternative to Turbo Forex and City Index and want to see how Turbo Forex or City Index compares Vs other brokers check out the Turbo Forex Vs and City Index Vs list below.

Turbo Forex Vs Alternatives

Still not happy have a look at some of our alternative Turbo Forex Vs side by side comparisons below

City Index Vs Alternatives

Still not happy have a look at some of our alternative Turbo Forex Vs side by side comparisons below

Turbo Forex Vs City Index Frequently Asked Questions

We answer some of the most frequently asked Turbo Forex Vs City Index questions below.

Is Turbo Forex any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Turbo Forex legit? - Turbo Forex are regulated by Financial Market Relations Regulation Center (FMRRC) and have been in business since 2008

Is City Index any Good?

City Index are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and have been in business since 1983.

Which is better Turbo Forex or City Index?

Turbo Forex and City Index do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is Turbo Forex a con?

Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC) and have been in business since 2008. We recommend looking at a Turbo Forex alternative that has more financial regulation.

Is City Index a con?

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and have been in business since 1983. City Index is most definitely not a con as they are regulated by major financial regulators.

What happens if Turbo Forex or City Index go bust?

Turbo Forex and City Index are regulated, which means that as part of their regulatory obligations Turbo Forex and City Index have to offer a certain level of financial protection to their clients. Turbo Forex and City Index should by law keep client funds separate from Turbo Forex and City Index funds. If either Turbo Forex or City Index goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Turbo Forex and City Index websites and regulators.

Are Turbo Forex or City Index good for beginners?

Turbo Forex and City Index offer low deposits and access to a selection of market insights and news resources. Both Turbo Forex and City Index offer demo accounts. Demo trading accounts are a big plus for Turbo Forex and City Index as it shows they are interested in their customers.


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