Written by ForexBrokers.com
In this head to head comparison of TeleTrade vs Forex4you, 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.
TeleTrade and Forex4you are both online brokers offering trading services but differ in their founding years and regulatory standings. TeleTrade, established in 1994, holds one Tier-1 license, signifying a high level of trust. In contrast, Forex4you, which started operating in 2007, does not have any Tier-1 licenses, indicating a lower level of regulatory assurance. Neither broker is publicly traded or operates as a bank, providing similar accessibility for individual investors without institutional backing.
When it comes to trustworthiness, TeleTrade comes with a ForexBrokers.com Trust Score of 71, suggesting an average risk level, while Forex4you has a score of 61, placing it under the high-risk category. Investors seeking online trading platforms must consider these trust scores to evaluate the relative safety and reliability of these brokers before making a choice.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Year Founded | 1994 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the online brokers TeleTrade and Forex4you, TeleTrade stands out with a higher rating for its commission and fees structure. TeleTrade earns a commendable 4 out of 5 stars for its commissions and fees, reflecting a favorable impression among users. However, detailed average spread data is not available, which might be important information for some traders when determining the overall cost of trading. Despite the lack of this data, TeleTrade ranks #46 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com, indicating a relatively competitive position in the industry.
Forex4you, on the other hand, receives a slightly lower rating of 3.5 out of 5 stars for its commissions and fees. Like TeleTrade, average spread data for Forex4you is also not available, which can impact a trader's comprehensive cost analysis when choosing a broker. In terms of industry ranking, Forex4you is positioned at #53 out of 62 brokers as per ForexBrokers.com, showing room for improvement when it comes to commission and fee offerings compared to its peers.
Overall, while both brokers do not provide specific average spread data, TeleTrade edges ahead of Forex4you in both rating and industry ranking concerning commissions and fees. Traders looking for competitive pricing might find TeleTrade slightly more appealing. However, as always, it's advisable for traders to conduct thorough research and consider their individual needs when making a choice between these two brokers.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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 TeleTrade and Forex4you based on their investment offerings, both platforms provide opportunities for forex trading through CFDs or spot contracts, catering to traders interested in currency markets. TeleTrade offers a more extensive selection with 500 tradeable symbols, including 61 forex pairs, while Forex4you provides access to 150 tradeable symbols and 43 forex pairs. Neither platform supports direct investments in exchange-traded securities on U.S. or international exchanges, meaning clients can't purchase actual company shares such as Apple or Vodafone. However, both brokers support copy trading, allowing users to mirror the trades of successful investors, which provides an additional option for engaging with the markets.
If you're interested in cryptocurrency futures, both TeleTrade and Forex4you allow you to trade cryptocurrency derivatives like CFDs, but neither enables the purchase of the actual digital currency. Rated equally at 3.5 stars out of 5 for their range of investment options, TeleTrade stands out with a higher ranking of #45 compared to Forex4you’s #58 as per ForexBrokers.com. This suggests a slightly broader appeal of investment options at TeleTrade, although both platforms have distinct offerings that could suit different trader preferences and strategies.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 150 |
| Forex Pairs (Total) | 61 | 43 |
| 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.
When comparing TeleTrade and Forex4you, both brokers offer virtual demo accounts, making them accessible for beginners to practice trading risk-free. TeleTrade stands out with its compatibility with popular platforms like MetaTrader 4 and 5, and provides access to ZuluTrade for social trading enthusiasts. Despite not having a proprietary platform, it offers a full-featured Windows-based desktop platform and a web-based browser option. Users can also engage in copy trading, and directly execute trades from stock charts using their 15 charting drawing tools. A notable feature is TeleTrade’s use of seven columns for comprehensive watch lists, supporting traders with an organized overview of their preferred stocks.
Forex4you offers a proprietary trading platform along with support for MetaTrader 4 and 5, catering to those who appreciate a variety of trading interfaces. Like TeleTrade, it provides a Windows-based desktop download, a web-based platform for on-the-go trading, and includes a copy trading feature. It matches TeleTrade with 15 charting drawing tools and the ability to trade directly from stock charts, offering similar analytical capabilities. While both brokers are similarly rated with four stars for their trading platforms and tools, their close rankings, with TeleTrade at 51 and Forex4you at 52 among 62 brokers, reflect comparable offerings. However, Forex4you does not offer ZuluTrade, which may influence decision-making for traders seeking advanced social trading options.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 35 | 30 |
| 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 it comes to mobile trading, both TeleTrade and Forex4you offer reliable options for iPhone and Android users. These platforms provide essential features like price alerts and charting tools with the ability to draw trendlines and access different time frames. Each app supports real-time quotes and allows for the creation of watchlists, although neither enables watchlist syncing with the user's online account. TeleTrade edges slightly ahead with 35 technical studies available, compared to Forex4you’s 30. Furthermore, both apps ensure that chart drawings are auto-saved, enhancing the user experience.
In terms of user ratings, both platforms garner a solid four out of five stars for their mobile trading apps, yet there is a notable difference in professional rankings. According to ForexBrokers.com, TeleTrade ranks at #25 out of 62 brokers, indicating higher overall satisfaction compared to Forex4you, which is placed at #50. Despite their similarities, these rankings suggest that users may experience a slightly higher level of satisfaction with TeleTrade's app, particularly for those who value a more extensive range of technical studies in their trading tools.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 30 |
| 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 of TeleTrade and Forex4you, both online brokers offer daily market commentary and deliver forex news from reputable sources such as Bloomberg and Reuters. This makes it easier for traders to stay informed with regular insights. Additionally, both platforms provide an economic calendar that highlights significant global events, ensuring users can effectively track economic developments.
However, a close examination reveals notable differences in tools offered by these brokers. Forex4you provides a competitive edge by offering technical analysis tools from Autochartist and Trading Central, which are not available with TeleTrade. Despite both having no sentiment-based trading tool and no research offerings from TipRanks or Acuity Trading, these distinct features in Forex4you's platform can enhance the trading experience. Both brokers hold a research rating of 3.5 stars, but TeleTrade ranks slightly higher at #38 compared to Forex4you's #47 among 62 brokers on ForexBrokers.com.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources available to beginners at TeleTrade and Forex4you, there are notable distinctions to consider. TeleTrade does not offer a variety of educational materials focused on forex or CFDs, nor does it host regular educational webinars or provide a library of recorded sessions. This limited offering reflects in its lower ranking in educational resources among industry peers. On the other hand, Forex4you presents a better scenario for novice traders seeking to understand forex or CFDs. With a collection of more than ten educational articles, videos, and archived webinars, Forex4you provides a worthwhile learning environment. Additionally, Forex4you compensates for the absence of live monthly webinars by providing access to a searchable archive of recorded sessions that can be informative for new traders.
Although both platforms lack a comprehensive range of beginner and advanced video content as well as an extensive investor dictionary, they each received the same rating, with 3.5 stars for their education offerings. Notably, Forex4you holds a significantly higher position, ranking #25 among 62 brokers in the education category, as assessed by ForexBrokers.com, compared to TeleTrade, which is near the bottom at #61. This discrepancy in ranking suggests that while neither broker excels comprehensively in educational resources, Forex4you may offer a more favorable starting point for new investors eager to dive into the world of trading.
| Feature |
TeleTrade
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TeleTrade is better than Forex4you. TeleTrade finished with an overall rank of #50, while Forex4you finished with an overall rank of #55.
TeleTrade was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Teletrade has a lower Trust Score than more established forex brokers.
| Feature |
TeleTrade
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Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 61 |
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Both TeleTrade and Forex4you allow users to trade cryptocurrency derivatives but do not provide the option to purchase actual, delivered cryptocurrencies.
Both TeleTrade and Forex4you do not support ACH or SEPA transfers, nor PayPal for depositing or withdrawing funds, but they both allow transactions via Skrill, Visa or 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 | TeleTrade | Forex4you | |
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| Trust Score | 71 | 61 | |
| Winner | check_circle | ||
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| Broker Screenshots | TeleTrade | Forex4you | |
|---|---|---|---|
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| Regulation | TeleTrade | Forex4you | |
|---|---|---|---|
| Trust Score | 71 | 61 | |
| Year Founded | 1994 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | TeleTrade | Forex4you | |
|---|---|---|---|
| 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | TeleTrade | Forex4you | |
|---|---|---|---|
| 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 | TeleTrade | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 150 | |
| Forex Pairs (Total) | 61 | 43 | |
| 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 | TeleTrade | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TeleTrade | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| 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 | No | No |
| Trading Platforms | TeleTrade | Forex4you | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | No |
| Trading Tools | TeleTrade | Forex4you | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 35 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TeleTrade | Forex4you | |
|---|---|---|---|
| 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 | 35 | 30 | |
| 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 | TeleTrade | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | TeleTrade | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | TeleTrade | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
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| Overall | TeleTrade | Forex4you | |
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| Trust Score | 71 | 61 | |
| Winner | check_circle | ||
| Review |
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