Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs TeleTrade, 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.
BDSwiss and TeleTrade both offer online brokerage services and hold one Tier-1 license, which indicates a high level of trust according to ForexBrokers.com. BDSwiss, founded in 2012, has a trust score of 73, placing it in the average risk category. Established in 1994, TeleTrade carries a slightly lower trust score of 71, also falling within the average risk range.
Neither BDSwiss nor TeleTrade is publicly traded or operates as a bank. Each firm has been duly licensed under rigorous financial regulations, although they do not hold any Tier-2 licenses. While both firms are considered to present an average risk, BDSwiss edges slightly ahead in terms of its trustworthiness score.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Year Founded | 2012 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
BDSwiss and TeleTrade offer competitive commission and fee structures for online trading, with each broker excelling in different areas. BDSwiss provides a range of account options with varying spreads and commissions. The Classic account offers a spread of 1.5 pips on EUR/USD, which is considered relatively high when compared to industry leaders. Meanwhile, the Raw account at BDSwiss has a spread of 0.3 pips plus a $5 per side commission, bringing the total effective spread to 1.3 pips. The VIP account offers slightly better value, at a spread rate of 1.2 pips.
On the other hand, TeleTrade lacks specific average spread data, making it difficult to compare directly with BDSwiss. However, both brokers share a similar overall rating in terms of commissions and fees, each earning a respectable 4 out of 5 stars. For traders who prioritize transparent and detailed pricing information, BDSwiss may be more appealing due to the availability of specific spread and commission details across its account types.
In the industry rankings by ForexBrokers.com, BDSwiss is positioned more favorably than TeleTrade. BDSwiss is ranked at #29 out of 62 brokers for the Commissions and Fees category, due primarily to its good execution statistics and relatively competitive pricing in its higher-tier accounts. In contrast, TeleTrade is ranked at #46, indicating there may be more attractive options available in the market for traders focusing on minimized trading costs.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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 BDSwiss to TeleTrade for investment options, both platforms provide forex trading through CFDs or spot contracts. BDSwiss offers a wide array of 1,081 tradeable symbols, which significantly outpaces TeleTrade's selection of 500. However, TeleTrade edges out with a slightly larger array of tradeable forex pairs, offering 61 compared to BDSwiss' 53. Both brokers do not offer exchange-traded securities directly on U.S. or international exchanges, meaning you won't be able to purchase shares of companies like Apple or Vodafone directly through these platforms.
In terms of additional features, both BDSwiss and TeleTrade support copy trading solutions and provide opportunities for trading cryptocurrency derivatives, although neither allows for the purchase of actual cryptocurrencies. BDSwiss is rated slightly higher for the range of investments with 4 stars, compared to TeleTrade's 3.5 stars. Furthermore, BDSwiss is ranked #34 out of 62 brokers by ForexBrokers.com for range of investments, while TeleTrade is ranked #45, indicating a modest edge for BDSwiss in this category.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 500 |
| Forex Pairs (Total) | 53 | 61 |
| 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.
BDSwiss and TeleTrade both offer a variety of trading platforms and tools designed to meet the needs of diverse traders. Each broker provides the convenience of paper trading with free virtual demo accounts, allowing users to practice strategies and explore platform features without financial risk. Both brokers support Windows-based desktop and web-based trading platforms, making it easy to trade from any location. Moreover, traders can use popular platforms MetaTrader 4 and MetaTrader 5 with both brokers. While BDSwiss has developed its own proprietary platform for personalized trading experiences, TeleTrade does not offer an in-house platform, relying instead on established software solutions.
For traders interested in social or copy trading, both BDSwiss and TeleTrade offer this feature, though TeleTrade extends additional social trading avenues by providing ZuluTrade. However, neither broker offers DupliTrade. When it comes to charting, both brokers match in providing 15 drawing tools and allowing trades directly from stock charts. Building watch lists is also equally efficient with each broker, as both offer seven columns for customization. In terms of overall performance in trading platforms and tools, both brokers receive a commendable four-star rating. However, BDSwiss edges ahead in industry rankings, placing 24th out of 62 brokers, compared to TeleTrade's 51st position, signaling a slightly better reception among users and experts.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 35 |
| 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 BDSwiss and TeleTrade, both offer convenient experiences for iPhone and Android users, featuring real-time price alerts for stocks and forex. While their mobile platforms lack syncing capabilities for watchlists with online accounts, they still provide essential functionalities like drawing trendlines on charts and the ability to view various timeframes. Both apps ensure user-friendly interaction by allowing auto-saving of chart drawings and offering customizable watchlists with live quotes.
For those interested in technical analysis, BDSwiss provides 30 technical studies, whereas TeleTrade offers slightly more with 35 studies. Despite these differences, both companies have earned solid reputations, each receiving a four-star rating for their mobile trading apps. Based on ForexBrokers.com rankings, BDSwiss holds the 23rd position out of 62 brokers, slightly ahead of TeleTrade, which ranks 25th. Overall, both platforms deliver efficient tools for traders on the go, accommodating those who prioritize varied technical aspects and charting abilities.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| 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.
Both BDSwiss and TeleTrade provide daily market commentary to keep traders informed of the latest developments. While TeleTrade distinguishes itself by offering forex news from renowned sources like Bloomberg and Reuters, BDSwiss falls short in this area. However, BDSwiss compensates with advanced tools in technical and fundamental analysis. They offer resources from Autochartist and Trading Central, which are absent in TeleTrade's offerings. An economic calendar is available at both brokerages to track important global events that may impact the markets.
In terms of overall research capabilities, BDSwiss holds an advantage with a 4-star rating compared to TeleTrade's 3.5 stars. This is also reflected in their respective rankings on ForexBrokers.com, where BDSwiss comes in at 23rd place out of 62 brokers, while TeleTrade is ranked 38th. Neither platform provides sentiment-based trading tools or research from TipRanks and Acuity Trading, indicating room for improvement in these areas. Overall, traders seeking comprehensive research tools might find BDSwiss more appealing compared to TeleTrade.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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 in forex or CFDs trading, BDSwiss stands out as a comprehensive provider. BDSwiss offers a variety of educational materials, including over 10 articles, videos, and archived webinars specifically dedicated to forex and CFDs. This broker also hosts at least one live webinar each month and provides a searchable archive of past webinars. BDSwiss caters to learners at all stages with a collection of over 10 beginner-friendly trading videos and advanced educational videos for more seasoned traders. Additionally, an investor dictionary with more than 50 terms is available for clients to explore, earning BDSwiss a 4-star rating in education.
In contrast, TeleTrade falls short in providing equivalent educational resources. It does not meet the minimum requirement of 10 pieces of content on forex or CFDs and lacks regular online webinars for continuous learning. TeleTrade also does not offer a searchable archive of webinars or a sufficient number of beginner and advanced educational videos. The absence of an investor dictionary further limits its educational offerings. With these gaps, TeleTrade receives a 3.5-star rating in education and ranks 61st among 62 brokers in the Education category on ForexBrokers.com, while BDSwiss ranks 19th, showing a clear advantage for those seeking extensive educational materials.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BDSwiss is better than TeleTrade. BDSwiss finished with an overall rank of #36, while TeleTrade finished with an overall rank of #50.
The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.
| Feature |
BDSwiss
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 71 |
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Both BDSwiss and TeleTrade do not offer the ability to purchase actual delivered cryptocurrency; however, they provide the option to trade cryptocurrency derivatives.
When comparing online brokers BDSwiss and TeleTrade, BDSwiss supports ACH and SEPA transfers, unlike TeleTrade, while both brokers do not offer PayPal as a payment option; however, they both provide Skrill, Visa/Mastercard, and bank wire services for account deposits and withdrawals.
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 | BDSwiss | TeleTrade | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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| Regulation | BDSwiss | TeleTrade | |
|---|---|---|---|
| Trust Score | 73 | 71 | |
| Year Founded | 2012 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | BDSwiss | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BDSwiss | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 500 | |
| Forex Pairs (Total) | 53 | 61 | |
| 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 | BDSwiss | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| 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 | Yes | No |
| Trading Platforms | BDSwiss | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | Yes |
| Trading Tools | BDSwiss | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 35 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | TeleTrade | |
|---|---|---|---|
| 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 | 30 | 35 | |
| 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 | BDSwiss | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BDSwiss | TeleTrade | |
|---|---|---|---|
| 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 | BDSwiss Review |
| Overall | BDSwiss | TeleTrade | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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