Written by ForexBrokers.com
In this head to head comparison of eToro 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 eToro and TeleTrade, both have distinct advantages in terms of regulatory oversight and trust scores. Founded in 2007, eToro holds a high ForexBrokers.com Trust Score of 93 out of 99, indicating it is highly trusted. The platform benefits from three Tier-1 licenses and one Tier-2 license, making it a secure choice for investors who prioritize regulatory assurance. Despite being a privately-held company, eToro continues to offer a secure environment for trading activities.
Established earlier in 1994, TeleTrade holds a lower ForexBrokers.com Trust Score of 71, categorizing it at an average risk level. It is supported by one Tier-1 license, but lacks any Tier-2 licenses, which could be a consideration for those assessing the broker's regulatory stature. Like eToro, TeleTrade is privately owned and not a bank, making their regulatory credentials an important aspect to consider for potential clients.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Year Founded | 2007 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing eToro and TeleTrade, it's important to consider their approaches to commissions and fees. eToro, as a market-maker broker, typically offers a spread of around 1 pip on the EUR/USD currency pair. Although this spread is slightly higher than the industry average, eToro attracts retail traders with its unique social copy trading features rather than its spread rates. For those engaging with eToro’s VIP Club, which ranges from Silver to Diamond levels, there are additional perks available. These include benefits like access to Trading Central, reduced withdrawal and deposit fees, and personal account management, depending on the membership tier, which is determined by maintaining balances between $5,000 and $250,000.
TeleTrade, on the other hand, doesn't provide specific data regarding average spreads, making it harder to directly assess and compare its fees against eToro’s. However, with eToro rated 4.5 stars and TeleTrade 4 stars out of five for commissions and fees, eToro tends to be viewed more favorably in this regard. Furthermore, eToro is ranked 22nd out of 62 brokers by ForexBrokers.com in the Commissions and Fees category, while TeleTrade holds the 46th position, suggesting that eToro might offer a more competitive pricing structure from a broader perspective.
In summary, while eToro’s spreads might be slightly above average, it compensates with an innovative social trading platform and enticing VIP perks. TeleTrade, lacking defined spread metrics, still manages to hold a respectable position but falls behind eToro according to industry rankings. Understanding these dynamics can aid investors in choosing the broker that aligns best with their trading strategies and financial priorities.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 range of investments offered by eToro and TeleTrade, several distinct differences emerge. eToro presents a broad spectrum of trading options, offering a total of 5461 tradeable symbols, including 55 forex pairs. It uniquely allows clients to invest directly in U.S. and international stocks, such as Apple and Vodafone, providing access not only to CFDs but also to exchange-traded securities. eToro further stands out with its copy trading feature, alongside the ability to purchase actual (delivered) cryptocurrencies, making it a versatile platform for diverse investment needs.
In contrast, TeleTrade offers a more limited selection with a focus largely on forex trading, featuring 500 tradeable symbols and 61 forex pairs. While clients can trade in cryptocurrency derivatives, TeleTrade does not provide the option to buy real cryptocurrencies or securities from U.S. or international exchanges. It does, however, support copy trading, similar to eToro. On the Range of Investments scale, eToro is rated 5 stars and ranks #10 out of 62 brokers by ForexBrokers.com, highlighting its extensive offerings. TeleTrade, with a rating of 3.5 stars, holds the #45 position, reflecting a narrower range of investment options.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 500 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 of eToro and TeleTrade, it's clear that both brokers offer unique strengths suited to different investor needs. eToro provides a proprietary platform built in-house, fostering a diverse trading environment with the option for simulated trading through a free virtual demo account. This platform is accessible via the web, supporting features like copy trading and a remarkable suite of 161 drawing tools for chart analysis. Although eToro does not offer a Windows desktop download platform, MetaTrader 4, or MetaTrader 5, it receives high praise with a 4.5-star rating and ranks 8th out of 62 brokers in trading platforms and tools, partly thanks to its streamlined six-column watchlist setup.
TeleTrade, on the other hand, caters to traders who prefer more traditional software like MetaTrader 4 and MetaTrader 5, providing a Windows-based desktop download platform alongside a browser-based option. Like eToro, TeleTrade also offers a demo trading account and supports copy trading, with an additional feature of trading directly from stock charts. While TeleTrade's platform features a slightly higher number of columns in its watchlists and supports ZuluTrade, the overall experience is rated 4 stars, placing it 51st among its peers. TeleTrade offers a narrower selection of 15 drawing tools, spotlighting its focus on providing a more conventional trading experience.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 104 | 35 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between eToro and TeleTrade for mobile trading, both offer iPhone and Android apps, stock and forex price alerts, and the ability to create watchlists with real-time quotes. However, there are notable differences. eToro stands out with its ability to sync watchlists between the mobile app and a user's online account, a feature not available with TeleTrade. In terms of charting, eToro offers 104 technical studies, significantly more than TeleTrade's 35, although TeleTrade compensates with the ability to draw trendlines and auto-save chart drawings, options that eToro's mobile app lacks.
Both platforms allow users to view multiple time frames on charts; however, eToro's broader scope of technical studies might offer more depth for those focused on analysis. eToro boasts a higher mobile app rating with 4.5 stars compared to TeleTrade's 4 stars. Their rankings by ForexBrokers.com further reflect this, with eToro positioned at #11 and TeleTrade at #25 out of 62 brokers. Overall, while both brokers provide solid mobile trading options, eToro may appeal more to users who prioritize comprehensive technical analysis and account syncing features. Meanwhile, TeleTrade offers unique tools for those who value drawing capabilities on mobile charts.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 35 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and TeleTrade both provide daily market commentary and offer economic calendars to keep traders informed of global events. However, when it comes to forex news from top sources like Bloomberg and Reuters, TeleTrade has a distinct advantage over eToro, which does not offer this feature. On the other hand, eToro excels with its access to Trading Central's technical analysis tools, a sentiment-based trading tool, and comprehensive market research from TipRanks, which TeleTrade lacks.
In terms of overall ranking for research, eToro stands out with a rating of 4.5 stars and is ranked #13 among 62 brokers by ForexBrokers.com. TeleTrade, while offering certain important features, is rated at 3.5 stars and is positioned at #38, indicating a noticeable difference in the level of research resources and tools available to traders on each platform.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
eToro stands out as a supportive platform for beginners in the world of trading, particularly when it comes to educational resources. It offers a wealth of information with more than 10 educational materials focused on forex and CFDs, along with monthly webinars that are streamed live for its clients. An invaluable feature for learners is the searchable archive of these past webinars, making it easy to revisit topics of interest. Beginners can also benefit from over 10 educational videos that cover fundamental trading topics. For those looking to advance their skills, eToro provides more than 10 videos aimed at experienced traders. Additionally, the platform includes an investor dictionary that defines over 50 key investing terms, further aiding trader education. eToro has earned a commendable 4.5-star rating for education and is ranked 5th out of 62 brokers by ForexBrokers.com.
On the other hand, TeleTrade offers limited educational resources for beginner traders. While they do provide a selection of materials, they fall short of the minimum offering of 10 educational pieces centered on forex or CFDs. Unlike eToro, TeleTrade does not provide monthly client webinars or a searchable archive of previously recorded sessions. Their video offerings are also limited, both in terms of beginner and advanced topics, with fewer than 10 videos available in each category. TeleTrade also lacks a comprehensive investor dictionary. Given these limitations, TeleTrade receives a lower education rating of 3.5 stars and is ranked 61st out of 62 brokers in the Education category by ForexBrokers.com.
| Feature |
eToro
|
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 eToro is better than TeleTrade. eToro finished with an overall rank of #9, while TeleTrade finished with an overall rank of #50.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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eToro allows users to purchase both actual cryptocurrencies and cryptocurrency derivatives, whereas TeleTrade only provides the option to buy cryptocurrency derivatives.
When comparing eToro to TeleTrade, eToro offers more flexible deposit and withdrawal options including ACH, SEPA, PayPal, Skrill, Visa/Mastercard, and bank wires, whereas TeleTrade supports Skrill, Visa/Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | eToro | TeleTrade | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | TeleTrade | |
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| Regulation | eToro | TeleTrade | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2007 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | 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) | eToro | 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 | eToro | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 500 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | eToro | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | eToro | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 35 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 35 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review |
| Overall | eToro | TeleTrade | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
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