Written by ForexBrokers.com
In this head to head comparison of CMC Markets 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.
When comparing online brokers CMC Markets and TeleTrade, notable differences emerge in their regulatory standings and history. Established in 1989, CMC Markets is a publicly traded company with a Trust Score of 99, placing it in the highly trusted category according to ForexBrokers.com. This broker holds five Tier-1 licenses, which further substantiates its credibility within the trading community. Despite not being a bank, CMC Markets' strong regulatory foundation serves as a reliable base for new and experienced traders alike.
In contrast, TeleTrade, founded in 1994, operates as a private entity and is not listed on any stock exchange. With a ForexBrokers.com Trust Score of 71, TeleTrade falls into the average risk category. The broker maintains one Tier-1 license but lacks any Tier-2 licenses, which may influence its perceived trustworthiness. Like CMC Markets, TeleTrade is not a bank, yet its lower regulatory standing could be a consideration for potential traders evaluating their options.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Year Founded | 1989 | 1994 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When it comes to commissions and fees, CMC Markets shines brightly, earning a 5-star rating and securing the top position among 62 brokers in the Commissions and Fees category. Known for its consistently low spread offerings, CMC Markets delivers competitive pricing across various account types, with average spreads of 0.61 pips on popular currency pairs like the EUR/USD. Their innovative Price Plus Scheme rewards active traders with discounts, allowing savvy investors to benefit even more from reduced trading costs. Drawing from its FX Active pricing model, CMC offers zero pip minimum spreads with just a $2.50 commission per side, making it an attractive choice for those trading in Southeast Asia, Australia, New Zealand, Canada, and the U.K.
On the other hand, TeleTrade receives a respectable 4-star rating but ranks much lower at 46th place in the same category of 62 brokers. While specific average spread data is not readily available for TeleTrade, it is clear that their fee structure does not match the low-cost offerings of CMC Markets. This gap might suggest that TeleTrade keeps its focus on other brokerage features while not heavily competing on fee and commission structures.
For traders who prioritize cost efficiency and are seeking low fees, CMC Markets stands out with its cutting-edge pricing schemes and low average spreads, significantly outperforming TeleTrade in this area. While TeleTrade can still serve traders well, those looking for optimal fee structures might find CMC Markets' offerings more appealing due to their tailored price plans for active traders and consistently low pricing.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at CMC Markets and TeleTrade, CMC Markets emerges as a versatile choice for traders. With a whopping 11,925 tradeable symbols, CMC Markets offers extensive forex trading options, boasting 156 pairs compared to TeleTrade’s 61. Additionally, CMC Markets allows clients to trade exchange-traded securities on both U.S. and international exchanges, something that TeleTrade does not provide. Both platforms offer forex trading as CFDs and grants access to cryptocurrency derivatives, although neither supports buying actual cryptocurrencies. Copy trading features are available on both platforms, enhancing flexibility for investors.
CMC Markets clearly stands out with a 5-star rating for its range of investments and ranks in the top 10 by ForexBrokers.com in this category, securing the 9th position. On the other hand, TeleTrade, with its comparatively limited offerings, receives a 3.5-star rating and is ranked 45th out of 62 brokers. This significant difference highlights CMC Markets as a more comprehensive option for those looking to explore a vast array of trading instruments.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 500 |
| Forex Pairs (Total) | 156 | 61 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the trading platforms and tools offered by CMC Markets and TeleTrade, both brokerages stand out in providing comprehensive features to traders. CMC Markets excels with its proprietary platform, giving users a tailored experience alongside access to the popular MetaTrader 4 and 5. It offers a range of trading platforms, including desktop downloads and web-based options, and provides a virtual demo account. TeleTrade matches CMC with MetaTrader access and demo accounts, yet lacks a proprietary platform. For traders interested in copy trading, both brokerages deliver, but only TeleTrade offers ZuluTrade support.
In terms of charting capabilities, CMC Markets shines, offering 40 drawing tools compared to TeleTrade's 15. CMC Markets also provides a broader range of watch list columns, enhancing traders' ability to track market movements. Both brokers allow trading directly from stock charts, keeping real-time trading efficient and fluid. The user experience is reflected in their ratings, with CMC Markets claiming a near-perfect score of 5 stars and TeleTrade achieving 4 stars for their trading platforms. According to ForexBrokers.com, CMC Markets ranks #4 out of 62 brokers, while TeleTrade is positioned at #51, highlighting the difference in customer satisfaction and platform quality.
| Feature |
CMC Markets
|
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) | 79 | 35 |
| Charting - Drawing Tools (Total) | 40 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both CMC Markets and TeleTrade offer comprehensive features that cater to traders using iPhone and Android devices. Users of both platforms can benefit from real-time stock and forex price alerts and the ability to draw trendlines on charts. Moreover, both apps support viewing multiple time frames on charts and provide the facility to create watchlists with up-to-the-minute quotes. Although TeleTrade provides more technical studies for charting, totaling 35 compared to CMC Markets' 29, CMC Markets stands out with its watchlist symbol syncing feature, allowing seamless updates between the mobile app and online account—a feature absent in TeleTrade’s app.
In terms of app ratings and industry rankings, CMC Markets is rated five out of five stars and ranks fifth among 62 brokers on ForexBrokers.com for mobile trading apps. Meanwhile, TeleTrade maintains a commendable four-star rating but trails at 25th rank. CMC Markets also ensures an effortless trading experience with the auto-save drawing feature, making it a reliable choice for those seeking a feature-rich and highly acclaimed mobile trading app.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 29 | 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.
When evaluating the market research offerings of CMC Markets and TeleTrade, there are several notable differences that can impact traders. Both platforms provide daily market commentary and forex news from respected sources such as Bloomberg, Reuters, and Dow Jones, ensuring that traders have access to the latest information. However, CMC Markets sets itself apart by offering technical analysis tools from Autochartist and a sentiment-based trading tool that shows the ratio of long or short positions across various instruments. In contrast, TeleTrade does not provide these specific features, which may limit the insights available to their clients.
Both platforms feature an economic calendar to track global economic events, helping traders stay informed about factors that might influence the markets. In terms of ratings and rankings, CMC Markets shines brighter with a 5-star research rating and a #6 position out of 62 brokers by ForexBrokers.com, while TeleTrade holds a 3.5-star rating and is ranked at #38. This difference suggests that CMC Markets offers a more comprehensive suite of market research tools, which might be better suited for traders looking for more in-depth resources.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | 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, CMC Markets stands out compared to TeleTrade. CMC Markets offers a comprehensive collection of more than 10 educational materials focusing on forex and CFDs. These resources come in various forms, like articles, videos, and archived webinars. Additionally, CMC Markets provides a searchable archive of past webinars and more than 10 beginner-focused educational videos to help newcomers grasp essential trading concepts. For experienced traders, they also have advanced educational videos, along with an investor dictionary that explains over 50 investing terms. This extensive educational support earns CMC Markets a solid 5-star rating for education and a commendable 10th place ranking among 62 brokers according to ForexBrokers.com.
In contrast, TeleTrade falls short in its educational offerings for those new to trading. While it does provide some resources, it lacks a collection of 10 forex or CFDs educational pieces, as well as beginner or advanced educational videos. Moreover, TeleTrade does not offer a searchable archive of recorded webinars nor an investor dictionary with numerous terms. This limited educational outreach results in a 3.5-star rating for education and a low ranking of 61st place out of 62 brokers in the ForexBrokers.com Education category. For beginners keen on learning, CMC Markets presents a far more enriched and insightful educational environment than TeleTrade.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | 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 CMC Markets is better than TeleTrade. CMC Markets finished with an overall rank of #4, while TeleTrade finished with an overall rank of #50.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both CMC Markets and TeleTrade do not offer the ability to buy actual delivered cryptocurrency, instead, they provide the option to trade cryptocurrency derivatives.
When comparing online brokers, CMC Markets provides more versatile fund transfer options including ACH, SEPA, and PayPal, but lacks support for Skrill, whereas TeleTrade does not support ACH, SEPA, or PayPal but compensates with Skrill, while both brokers allow transactions through Visa, Mastercard, and bank wires.
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 | CMC Markets | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | CMC Markets Review |
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| Regulation | CMC Markets | TeleTrade | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1989 | 1994 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | CMC Markets | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | CMC Markets | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 500 | |
| Forex Pairs (Total) | 156 | 61 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | CMC Markets | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | CMC Markets | 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 | CMC Markets | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 79 | 35 | |
| Charting - Drawing Tools (Total) | 40 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | TeleTrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 29 | 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 | CMC Markets | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | 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 | CMC Markets | 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 | CMC Markets Review |
| Overall | CMC Markets | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | CMC Markets Review |
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