Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com and TeleTrade are two well-known names in the online forex trading industry, both with longstanding reputations. Established in 1999, FOREX.com is a publicly traded company, enhancing its visibility and accountability to customers. It holds a prestigious array of regulatory approvals, boasting 7 Tier-1 licenses, which are the highest rating given by ForexBrokers.com, alongside 1 Tier-2 license. This extensive regulatory oversight contributes to its impeccable Trust Score of 99 out of 99, positioning it as a highly trusted choice among traders.
On the other hand, TeleTrade has been operating since 1994 but differs in its business structure as it is not publicly traded. It holds only 1 Tier-1 license and no Tier-2 licenses, reflecting a less comprehensive regulatory framework compared to FOREX.com. This is reflected in its ForexBrokers.com Trust Score of 71, marking it as having an average risk level. Nevertheless, both platforms operate without banking status, providing assurance that their sole focus is on trading services. Understanding these nuances helps potential traders assess the relative security and reliability of each platform.
| Feature |
FOREX.com
|
TeleTrade
|
|---|---|---|
| Year Founded | 1999 | 1994 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
FOREX.com and TeleTrade cater to traders with distinct offerings and cost structures. FOREX.com maintains a transparent fee structure with various execution methods and account types. While its Standard account comes with higher average spreads of 1.4 pips on the EUR/USD for U.S. traders, it offers a viable choice for those seeking market-maker execution benefits. For active traders, the recently launched RAW Spread account introduces competitive cost features, including typical EUR/USD spreads of 0.13 pips and a base commission of $7 per Standard lot. Rebate programs are available for high-volume traders, potentially reducing net costs significantly. FOREX.com boasts a 4.5-star rating for commissions and fees and ranks 13th out of 62 brokers according to ForexBrokers.com.
Conversely, TeleTrade does not publicly disclose its average spreads, which can make comparing their costs challenging. However, their commission and fees set-up earn them a 4-star rating and a position as the 46th broker in the same category on ForexBrokers.com. Though it may not provide the granular transparency that FOREX.com offers, TeleTrade remains a viable alternative for traders who prioritize other brokerage features.
In summary, while both FOREX.com and TeleTrade provide reliable online trading services, FOREX.com stands out for its detailed fee structure and competitive offerings for high-volume traders. Traders looking to cut down on trading costs, especially those operating in high volumes, might find FOREX.com's commission-reduced RAW Spread account appealing. Meanwhile, those considering TeleTrade may need to delve deeper into their specific needs and inquire further about their fee structure.
| Feature |
FOREX.com
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | 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 FOREX.com and TeleTrade regarding their range of investments, FOREX.com stands out with a more extensive selection. FOREX.com provides access to 5,500 tradeable symbols, significantly surpassing TeleTrade's offering of 500 symbols. For forex enthusiasts, FOREX.com offers 91 tradeable forex pairs, while TeleTrade features 61 pairs. Both brokers allow forex trading as CFDs or spot contracts. However, neither provides access to exchange-traded securities from U.S. or international markets, nor do they offer the chance to buy actual cryptocurrency.
For those interested in cryptocurrency derivatives, both FOREX.com and TeleTrade offer this option. However, FOREX.com does not support copy trading, a feature available on TeleTrade, appealing to those who prefer to follow and replicate successful trading strategies. In terms of user ratings, FOREX.com receives a high score of 5 stars for the range of investments, ranking 7th out of 62 brokers. In contrast, TeleTrade is rated at 3.5 stars, positioning it at 45th. This highlights FOREX.com's broader investment offerings and strong reputation among its peers.
| Feature |
FOREX.com
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 500 |
| Forex Pairs (Total) | 91 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 FOREX.com and TeleTrade, both brokers provide traders with a comprehensive suite of options, yet they showcase some key differences. FOREX.com showcases its proprietary trading platform, while TeleTrade relies on third-party solutions. Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and they also offer Windows-based desktop and web browser platforms for seamless trading experiences. A unique feature of TeleTrade is its support for copy trading through platforms like ZuluTrade, whereas FOREX.com does not offer this service. For those interested in risk-free practice, both platforms provide demo accounts for simulated trading.
In terms of charting tools, FOREX.com stands out with an impressive 239 drawing tools compared to TeleTrade's 15. When it comes to customizing watch lists, FOREX.com offers 20 columns for organizing fields, surpassing TeleTrade's 7. These advantages contribute to FOREX.com earning a five-star rating for Trading Platforms and Tools, ranking it 7th out of 62 brokers according to ForexBrokers.com. Meanwhile, TeleTrade holds a four-star rating and is ranked 51st, hinting at some room for improvement. Both brokers allow trading directly from stock charts, enhancing the usability of their platforms for traders.
| Feature |
FOREX.com
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 35 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and TeleTrade both offer mobile trading apps compatible with iPhone and Android devices. Each app provides stock and forex price alerts, and the ability to draw trendlines and view different time frames such as daily, weekly, and intraday. Both apps also support the creation of watchlists with real-time quotes, and auto-save feature for chart drawings. However, FOREX.com shines with its offer of 88 technical studies for charting, nearly triple what TeleTrade offers. Additionally, FOREX.com's app allows syncing of watchlists with the client's online account, while TeleTrade lacks this feature.
In terms of user ratings and industry rankings, FOREX.com takes the lead with a perfect five-star rating for its mobile trading app and ranks #3 out of 62 brokers on ForexBrokers.com. In contrast, TeleTrade’s app has a four-star rating and is ranked #25, highlighting FOREX.com's superior user experience and functionality as recognized by both users and industry experts alike.
| Feature |
FOREX.com
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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 comparing market research capabilities, FOREX.com and TeleTrade each bring their strengths to the table. Both platforms provide daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. They also each include an economic calendar that highlights global news events, which is essential for traders keeping a close eye on economic shifts. However, where they diverge significantly is in the availability of additional trading tools. FOREX.com stands out by offering a sentiment-based trading tool and access to Trading Central's technical analytics, which are not provided by TeleTrade. This added value contributes to a more comprehensive research experience for users of FOREX.com.
In terms of ratings, FOREX.com earns a higher rating of 4.5 stars for its research offerings, placing it at an impressive 9th rank out of 62 brokers according to ForexBrokers.com. In contrast, TeleTrade receives a 3.5-star rating and ranks 38th, showcasing a noticeable gap in their research service quality. Neither platform integrates tools from companies like Autochartist or Acuity Trading, and both lack market research from TipRanks. Overall, FOREX.com appears to edge out TeleTrade in providing a richer suite of research tools and resources, making it a more appealing choice for traders looking for detailed insights and analysis.
| Feature |
FOREX.com
|
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, FOREX.com stands out as a user-friendly choice compared to TeleTrade. FOREX.com provides over ten educational pieces that include articles, videos, and archived webinars centered around forex and CFDs. They also conduct live webinars every month to keep their clients informed and engaged. Adding to the learning experience, FOREX.com offers a searchable archive of past webinars, making it easy for learners to revisit important lessons. For beginners, there is an impressive library of more than ten videos that break down the basics, alongside advanced videos for those ready to deepen their knowledge. Additionally, their investor dictionary helps demystify investing terms with over fifty definitions.
On the other hand, TeleTrade lacks the breadth of educational content that FOREX.com provides. The absence of monthly webinars and a searchable archive of previous sessions could leave learners wanting more. Their educational material does not meet the minimum of ten beginner or advanced videos dedicated to trading topics, which could be limiting for someone new to trading. The lack of an extensive investor dictionary further reduces the resources available to users at TeleTrade. With a 4.5-star rating for education and a #4 ranking out of 62 brokers by ForexBrokers.com, FOREX.com clearly prioritizes education, positioning itself as a more informative platform for beginners compared to TeleTrade, which received a 3.5-star rating and ranked #61.
| Feature |
FOREX.com
|
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 FOREX.com is better than TeleTrade. FOREX.com finished with an overall rank of #5, while TeleTrade finished with an overall rank of #50.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both FOREX.com and TeleTrade do not offer the ability to buy actual delivered cryptocurrency but do provide options for purchasing cryptocurrency derivatives.
In comparing online brokers, FOREX.com offers a wider range of payment options for depositing and withdrawing funds, including ACH/SEPA transfers, PayPal, Visa/Mastercard, and bank wires, whereas TeleTrade supports Skrill and Visa/Mastercard payment methods but lacks ACH/SEPA and PayPal options, while both platforms allow bank wire transactions.
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 | FOREX.com | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | TeleTrade | |
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| Regulation | FOREX.com | TeleTrade | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1999 | 1994 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | 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 | FOREX.com | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 500 | |
| Forex Pairs (Total) | 91 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | FOREX.com | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FOREX.com | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 35 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 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 | FOREX.com | 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 | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review |
| Overall | FOREX.com | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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