Written by ForexBrokers.com
In this head to head comparison of easyMarkets 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.
Founded in 2001, easyMarkets offers a relatively dependable platform for online trading activities. Although not publicly traded or operating as a bank, this broker boasts 2 Tier-1 licenses and 1 Tier-2 license, earning it a Trust Score of 84 out of 99 from ForexBrokers.com. This rating places easyMarkets in the trusted category, reflecting a significant level of regulatory oversight and customer confidence.
In contrast, TeleTrade, established in 1994, holds 1 Tier-1 license but lacks any Tier-2 licenses. Similar to its competitor, TeleTrade is not listed on a stock exchange and does not function as a bank. With a Trust Score of 71 out of 99, TeleTrade falls into the average risk category according to ForexBrokers.com. While both brokers maintain regulatory credentials, easyMarkets generally enjoys a higher trust rating compared to TeleTrade.
| Feature |
easyMarkets
|
TeleTrade
|
|---|---|---|
| Year Founded | 2001 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When assessing the commissions and fees between easyMarkets and TeleTrade, easyMarkets offers fixed spreads starting at 0.8 pips for EUR/USD when using its proprietary platform or TradingView. However, choosing the MetaTrader 4 platform increases the cost to 1.7 pips for a Standard account, though opting for the VIP account reduces it to 0.7 pips. The MetaTrader 5 (MT5) platform presents a flexible structure with variable spreads from 0.7 pips onward.
TeleTrade, in contrast, does not provide specific average spread data, which may make it harder for users to predict transaction expenses. Despite the lack of detailed spread information, TeleTrade is rated more favorably than easyMarkets for its commissions and fees with a 4-star rating.
In terms of their industry rankings, easyMarkets is placed at #51 for commissions and fees out of 62 brokers according to ForexBrokers.com, while TeleTrade ranks slightly better at #46. With TeleTrade receiving a higher rating and ranking, it appears as a somewhat more appealing choice in terms of fees for users prioritizing cost efficiency.
| Feature |
easyMarkets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $25 | $100 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | 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.
easyMarkets and TeleTrade both offer a range of investment opportunities for traders, providing access to forex trading through either CFD or spot contracts. While easyMarkets offers 230 tradeable symbols and 63 forex pairs, TeleTrade extends its selection with 500 tradeable symbols and 61 forex pairs. Neither platform allows for the trading of exchange-traded securities on U.S. or international exchanges, meaning that clients cannot directly buy stocks like Apple or Vodafone.
For those interested in cryptocurrencies, both easyMarkets and TeleTrade provide access to cryptocurrency derivatives, though neither platform offers the ability to buy the actual cryptocurrencies. On the social trading front, both brokers support copy trading, allowing users to mimic the trades of experienced investors. Despite their similarities, TeleTrade slightly edges out in rankings for the range of investments according to ForexBrokers.com, although both received an identical 3.5-star rating in this category.
| Feature |
easyMarkets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 500 |
| Forex Pairs (Total) | 63 | 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.
Both easyMarkets and TeleTrade offer traders the opportunity to explore the trading world with simulated accounts, allowing users to test strategies risk-free through virtual demo accounts. easyMarkets stands out with its own proprietary platform, offering a unique experience developed in-house, while TeleTrade relies on third-party solutions. Both brokers provide comprehensive trading access through Windows-based desktop platforms and convenient web-based options. For those interested in copy trading, both brokerages support this feature, and they also embrace well-known platforms like MetaTrader 4 and MetaTrader 5. However, only TeleTrade extends its offerings to include ZuluTrade, catering to traders seeking more social trading avenues.
When it comes to charting tools, easyMarkets users enjoy 30 drawing tools for detailed analysis, whereas TeleTrade offers 15. Additionally, both platforms allow trading directly from stock charts, though easyMarkets provides a slightly more detailed setup for watch lists with eight columns as compared to TeleTrade's seven. Both brokers receive a commendable four-star rating for their trading platforms and tools. Still, easyMarkets holds a competitive edge with a higher ranking (#35) on ForexBrokers.com compared to TeleTrade (#51), making it an appealing option for traders looking for an array of tools and user-friendly platforms.
| Feature |
easyMarkets
|
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) | 15 | 35 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
easyMarkets and TeleTrade both offer mobile trading apps compatible with iPhone and Android devices. When it comes to price alerts, TeleTrade provides this feature for stock and forex, whereas easyMarkets does not. However, easyMarkets shines with the ability to sync watchlist symbols across devices, ensuring seamless access and updates between your online account and mobile app. TeleTrade lacks this syncing capability, which might be a consideration for traders who prioritize flexibility and mobility in their trading experience.
The charting tools in both apps allow users to draw trendlines and view multiple time frames like daily, weekly, or intraday. easyMarkets offers a more extensive selection of technical studies, with 81 available options compared to TeleTrade's 35. On the other hand, TeleTrade's app automatically saves chart drawings, offering convenience that easyMarkets does not provide. Both platforms allow the creation of watchlists featuring real-time quotes, ensuring up-to-date information at your fingertips. With a similar overall rating of four stars for their mobile trading apps, TeleTrade ranks slightly higher at #25 compared to easyMarkets' #29 out of 62 brokers, according to ForexBrokers.com. This marginal ranking difference might influence your decision if industry rankings are a crucial factor in your choice of a trading platform.
| Feature |
easyMarkets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of easyMarkets and TeleTrade, both brokers provide daily market commentary and forex news sourced from reputed organizations like Bloomberg and Reuters. easyMarkets takes a step ahead by incorporating advanced tools from Trading Central, which are not available at TeleTrade. Additionally, easyMarkets provides a sentiment-based trading tool, offering insights into the ratio of long and short positions across different currency pairs, a feature lacking in TeleTrade's arsenal. Both brokers, however, do not offer research tools from Autochartist, TipRanks, or Acuity Trading. They also each provide an economic calendar to track current and upcoming global economic events.
Despite both receiving a 3.5 out of 5-star rating for their research capabilities, TeleTrade edges ahead with a closer rank compared to easyMarkets, positioned at number 38 versus easyMarkets' rank of 43 out of 62 brokers, as assessed by ForexBrokers.com. This suggests that TeleTrade might offer a slightly better overall research service, though easyMarkets provides specific tools that could be crucial for certain trading strategies.
| Feature |
easyMarkets
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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, easyMarkets stands out as a solid choice. The platform provides a wealth of materials for those new to trading, including over ten articles, videos, and archived webinars focused on forex and CFDs. Additionally, easyMarkets conducts monthly online webinars for clients and even offers an archive of these sessions for future reference. For visual learners, easyMarkets supplies extensive video content tailored to both beginners and more seasoned traders. In terms of terminology, easyMarkets makes it easy to understand financial jargon with a comprehensive investor dictionary containing definitions for over 50 investing terms. Despite these offerings, easyMarkets is rated at 3.5 stars for education, but it ranks 39th out of 62 brokers in this category, reflecting a well-rounded educational experience.
In contrast, TeleTrade does not meet the benchmark of having educational resources that could support a beginner's journey effectively. The broker falls short in providing a minimum of ten educational pieces on forex or CFDs and does not host any regular educational webinars for clients. Furthermore, TeleTrade lacks a searchable archive of past webinars and does not offer up to ten beginner or advanced-level educational videos. An investor dictionary with key market terms is notably absent as well. With these limitations, TeleTrade also holds a 3.5-star rating for education but is positioned lower, ranking 61st out of 62 brokers in the educational category. For those prioritizing a strong start in trading, easyMarkets may offer a more supportive learning environment.
| Feature |
easyMarkets
|
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 easyMarkets is better than TeleTrade. easyMarkets finished with an overall rank of #43, while TeleTrade finished with an overall rank of #50.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
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TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 71 |
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Both easyMarkets and TeleTrade do not offer the option to purchase actual cryptocurrencies, but they do provide the ability to buy cryptocurrency derivatives instead.
When comparing the online brokers easyMarkets and TeleTrade, easyMarkets supports a broader range of deposit and withdrawal options by offering ACH or SEPA transfers, Skrill, Visa, Mastercard, and bank wires, whereas TeleTrade matches most of these services except for ACH or SEPA transfers, with both brokers not facilitating transactions through PayPal.
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 | easyMarkets | TeleTrade | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | easyMarkets Review |
| Broker Screenshots | easyMarkets | TeleTrade | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | easyMarkets | TeleTrade | |
|---|---|---|---|
| Trust Score | 84 | 71 | |
| Year Founded | 2001 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | 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) | easyMarkets | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 500 | |
| Forex Pairs (Total) | 63 | 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 | easyMarkets | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $25 | $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 | easyMarkets | 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 | easyMarkets | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 35 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | easyMarkets | TeleTrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | easyMarkets | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | 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 | easyMarkets | 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 | easyMarkets Review |
| Overall | easyMarkets | TeleTrade | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | easyMarkets Review |
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