Written by ForexBrokers.com
In this head to head comparison of TeleTrade vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TeleTrade, established in 1994, and ATFX, founded in 2017, are well-regarded online brokers within the financial sector. Both companies are private entities and are not listed on any stock exchanges, nor do they function as banks. When it comes to regulatory credentials, TeleTrade holds one Tier-1 license, granting it a moderate level of trust with a Trust Score of 71, which is classified as an average risk. On the other hand, ATFX stands out with its impressive credentials, holding four Tier-1 licenses and two Tier-2 licenses, achieving a higher Trust Score of 85, which places it within the trusted category.
Although both brokers provide essential investment services, ATFX offers a more reassuring regulatory framework with multiple licenses that bolster its trustworthiness. Investors who prioritize regulatory oversight might find ATFX's comprehensive licensing an attractive consideration. Nonetheless, TeleTrade also offers a degree of trust with its existing Tier-1 license, catering to those comfortable with average-level risk.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Year Founded | 1994 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the online brokers TeleTrade and ATFX in terms of their commissions and fees, it's important to note that neither provides specific average spread data. However, evaluations by ForexBrokers.com give insight into their overall cost structures, offering clients a means to assess potential trading expenses without needing to delve into complex industry jargon.
TeleTrade is rated four out of five stars for its commissions and fees, suggesting a commendable pricing scheme that likely appeals to cost-conscious traders. In the broader ranking, TeleTrade stands at 46th place out of a reviewed 62 brokers, indicating a relatively favorable position in the industry, although there's room for improvement compared to top competitors.
Conversely, ATFX receives a three-star rating in the same category, pointing to a satisfactory, though less impressive, fee structure. Ranked at 59th out of 62 brokers by ForexBrokers.com, ATFX appears to lag behind many of its peers. Traders considering ATFX should weigh this factor against other elements, such as platform features and customer support, when making their investment decisions.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of TeleTrade and ATFX, both brokers provide access to Forex trading as CFDs or spot contracts, catering to those looking to engage in currency markets. TeleTrade impresses with a wider selection, offering around 500 tradeable symbols and 61 forex pairs, compared to ATFX's 150 tradeable symbols and 44 forex pairs.
However, neither TeleTrade nor ATFX offers direct access to exchange-traded securities on U.S. or international exchanges, meaning users won't be able to purchase shares like Apple or Vodafone directly. Both platforms support copy trading and offer cryptocurrency derivatives, though they don't facilitate the acquisition of actual cryptocurrencies. In terms of investment variety, both are rated at 3.5 stars, with TeleTrade ranked 45th and ATFX 57th out of 62 brokers by ForexBrokers.com.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 150 |
| Forex Pairs (Total) | 61 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both TeleTrade and ATFX offer traders access to popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring compatibility with most traders' needs. You can also enjoy the convenience of trading via Windows-based desktop downloads or web-based platforms with either broker, making it easy to access your account from anywhere. For those new to trading or testing strategies, both brokers provide simulated trading with free virtual demo accounts. Similarly, copy trading is supported on both platforms, although only TeleTrade extends its offering further with ZuluTrade capabilities.
When it comes to charting tools, both brokers equip traders with 15 drawing tools and the ability to trade directly from stock charts. They also feature watch lists with seven fields each, providing a comprehensive overview of monitored assets. Despite these similarities, user ratings differ, with TeleTrade receiving a slightly higher rating of 4 stars for Trading Platforms and Tools compared to ATFX's 3.5 stars. This difference is reflected in their rankings, as TeleTrade is placed at #51 and ATFX at #61 out of 62 brokers rated by ForexBrokers.com for the Trading Platforms and Tools category.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 35 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of TeleTrade and ATFX, both brokers offer apps for iPhone and Android devices, ensuring accessibility for a wide range of traders. They provide essential features like stock or forex price alerts and the capability to draw trendlines on charts, helping traders stay informed and analyze market trends effectively. Both apps also enable users to create watchlists with real-time quotes, which is a valuable tool for tracking investment interests. However, neither app offers syncing for watchlists across mobile and online platforms, which might be a limitation for those who value seamless integration.
In terms of charting capabilities, TeleTrade stands out with 35 technical studies available, compared to just seven offered by ATFX. Both allow users to view multiple time frames and automatically save chart drawings, catering to traders who need complete charting functionalities on the go. TeleTrade’s app has a higher rating of 4 stars and is ranked #25 among 62 brokers for mobile trading apps by ForexBrokers.com, while ATFX's app is rated at 3.5 stars and ranks #62, indicating a more favorable user experience for TeleTrade.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
TeleTrade and ATFX both offer daily market commentary and maintain economic calendars that track global news events, providing valuable updates for traders staying informed on international economies. While TeleTrade delivers forex news from esteemed sources like Bloomberg and Reuters, ATFX lacks this feature. Both brokers do not utilize resources from TipRanks or provide sentiment-based trading tools that indicate long or short positions across currency pairs, leaving room for traders seeking these insights to explore alternative solutions.
ATFX stands out with access to advanced technical analysis and research tools from Autochartist and Trading Central, supporting traders seeking detailed data analysis. In contrast, TeleTrade does not provide these tools, which might appeal to traders less focused on intricate analytics. In terms of overall research ratings, TeleTrade edges out ATFX with a 3.5-star rating compared to ATFX’s 3 stars. When comparing their positions among 62 brokers, TeleTrade is placed at rank 38, whereas ATFX is positioned at rank 54, indicating TeleTrade's slightly higher recognition in the research category.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, ATFX provides a richer selection compared to TeleTrade. ATFX offers more than 10 pieces of educational content focused on forex and CFDs, which can be a mix of articles, videos, and other formats to bolster a newcomer’s understanding. Additionally, ATFX has a searchable archive of previously recorded webinars, making it easier for beginners to access valuable information at their convenience. While both brokers do not host regular monthly webinars, ATFX excels in providing educational material that caters specifically to entry-level traders with a series of tailored beginner videos. Moreover, ATFX has an investor dictionary featuring over 50 investing terms, which can be a great tool for those new to trading.
On the other hand, TeleTrade falls behind in the realm of educational offerings. It does not meet the benchmark of providing at least 10 educational pieces concentrated on forex or CFDs. Similarly, it lacks beginner-geared educational videos, investor dictionaries, and webinars, which can make the learning curve steeper for novices. Despite these shortcomings, TeleTrade has a slightly higher Education rating of 3.5 stars compared to ATFX’s 3 stars. However, when considering overall rankings by ForexBrokers.com in education, ATFX significantly surpasses TeleTrade, ranking at #28 out of 62 brokers, whereas TeleTrade stands at #61.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TeleTrade is better than ATFX. TeleTrade finished with an overall rank of #50, while ATFX finished with an overall rank of #51.
TeleTrade was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Teletrade has a lower Trust Score than more established forex brokers.
| Feature |
TeleTrade
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 85 |
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Both TeleTrade and ATFX provide the ability to buy cryptocurrency derivatives, but neither offers the option to purchase actual, delivered cryptocurrencies.
When comparing the online brokers TeleTrade and ATFX in terms of account funding options, both do not support ACH or SEPA transfers or PayPal for deposits and withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wire transfers as available methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | TeleTrade | ATFX | |
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| Trust Score | 71 | 85 | |
| Winner | check_circle | ||
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| Broker Screenshots | TeleTrade | ATFX | |
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| Mobile Trading Gallery (click to expand) | |||
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| Regulation | TeleTrade | ATFX | |
|---|---|---|---|
| Trust Score | 71 | 85 | |
| Year Founded | 1994 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | TeleTrade | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | TeleTrade | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TeleTrade | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 150 | |
| Forex Pairs (Total) | 61 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | TeleTrade | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TeleTrade | ATFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TeleTrade | ATFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | TeleTrade | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 35 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TeleTrade | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TeleTrade | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | TeleTrade | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | TeleTrade | ATFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
| Overall | TeleTrade | ATFX | |
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| Trust Score | 71 | 85 | |
| Winner | check_circle | ||
| Review |
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