Written by ForexBrokers.com
In this head to head comparison of FP 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.
FP Markets, established in 2005, and TeleTrade, founded in 1994, are both prominent online brokers in the trading industry. Neither is publicly traded or operates as a bank. In terms of regulatory standing, FP Markets holds two Tier-1 licenses, which are considered highly trusted according to ForexBrokers.com, along with one Tier-2 license. On the other hand, TeleTrade has one Tier-1 license and lacks any Tier-2 licenses.
When evaluating trust based on ForexBrokers.com Trust Scores, FP Markets scores an 89, positioning it in the trusted category. In comparison, TeleTrade scores a 71, placing it within the average risk range. Traders may find FP Markets as a slightly more preferred choice when considering regulatory compliance and overall trustworthiness.
| Feature |
FP Markets
|
TeleTrade
|
|---|---|---|
| Year Founded | 2005 | 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 | 1 | 0 |
FP Markets is known for its cost-effective pricing, particularly through its ECN account via MetaTrader and cTrader platforms, making it one of the most affordable choices for traders globally. The broker has been recognized with a Best in Class award for Commissions and Fees in the 2024 Annual Awards. FP Markets offers Direct Market Access (DMA) with full depth of book for share CFD trading on its Iress platform, but this is best suited for active traders with substantial balances, as the Iress ViewPoint account can be a more costly option. The Raw ECN account stands out with competitive spreads averaging just 0.1 pips as of October 2023, although the Standard account is more expensive with spreads averaging 1.1 pips for EUR/USD. FP Markets has a 5-star rating and ranks 6th out of 62 brokers for its commissions and fees.
The Iress platform suite from FP Markets presents three account tiers in Australia: Standard, requiring a minimum deposit of AUD 1,000, Platinum at AUD 25,000, and Premier at AUD 50,000. To circumvent platform and data fees, one must either qualify for the Premier account or incur at least AUD 150 in monthly commissions. For those who need a more straightforward, cost-efficient option, the Iress Investor Account offers reduced fees but comes with limited features such as no default streaming data and simplified charting compared to the ViewPoint variant. This makes it less appealing if you can't afford the ViewPoint account.
By contrast, TeleTrade lacks specific spread data but is rated 4 stars for commissions and fees. It ranks 46th in the same category among 62 brokers according to ForexBrokers.com. This comparison highlights FP Markets as a more attractive option in terms of pricing and overall value, particularly for traders who can benefit from low spreads and various platform options, while TeleTrade may offer fewer advantages in cost-related aspects.
| Feature |
FP Markets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | 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.
FP Markets and TeleTrade both provide options for forex trading through CFDs or spot contracts. FP Markets stands out by offering a vast selection of 10,000 tradeable symbols compared to TeleTrade's 500, including 71 forex pairs, whereas TeleTrade provides 61. While neither platform facilitates direct investment in U.S. or international exchange-traded securities, both allow users to engage in copy trading.
Furthermore, neither FP Markets nor TeleTrade provide the capability to purchase actual cryptocurrencies, but each offers cryptocurrency derivatives. In terms of investment range, FP Markets receives a commendable 4.5-star rating, ranking 18th, thanks to its diverse offerings. Meanwhile, TeleTrade earns a 3.5-star rating, positioned at 45th out of 62 brokers, highlighting a narrower range of investment choices.
| Feature |
FP Markets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 71 | 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.
FP Markets and TeleTrade both provide a range of trading platforms and tools suited for diverse trading needs. They each offer simulated trading through free virtual demo accounts, allowing traders to practice without financial risk. While both brokers support widely-used platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), FP Markets also offers its own proprietary platform, giving it a unique edge for users seeking a customized trading experience. Additionally, both brokers offer trading through desktop downloads and web-based platforms, ensuring flexibility in trading preferences. For those interested in social trading, both brokers provide copy trading features; however, TeleTrade extends its offerings with ZuluTrade, a detail FP Markets lacks.
When comparing charting tools, FP Markets and TeleTrade make trading from stock charts straightforward, though FP Markets offers a slight advantage with 17 drawing tools versus TeleTrade's 15. Watchlist customization is equally robust between the two, each providing seven columns for fields. Despite similar user ratings of four stars for their trading platforms and tools, FP Markets ranks higher on ForexBrokers.com at 23rd place compared to TeleTrade's 51st, reflecting its higher standing among traders. Overall, while both brokers are well-equipped with essential trading tools, FP Markets offers a more personalized platform experience, while TeleTrade brings additional social trading features with ZuluTrade.
| Feature |
FP 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) | 30 | 35 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FP Markets and TeleTrade offer iPhone and Android apps for mobile trading, providing a range of features tailored to both stock and forex traders. Users of both platforms can receive price alerts and create watchlists with real-time quotes directly on their mobile devices. However, neither FP Markets nor TeleTrade supports watchlist symbol syncing between the app and a client’s online account. In terms of technical charting, FP Markets comes with default MetaTrader studies, while TeleTrade offers 35 technical studies to enhance chart analysis. Additionally, both apps allow users to draw trendlines and view multiple time frames, with the convenience of auto-saving chart drawings.
When comparing their rankings, FP Markets stands at #18 while TeleTrade is at #25 out of 62 brokers evaluated by ForexBrokers.com for Mobile Trading Apps. Both platforms receive a commendable rating of four stars. While each app offers a solid trading experience on the go, the choice between them may come down to personal preference for charting tools and specific features like technical studies. Whether you're trading forex or stocks, both apps ensure you stay updated and make informed decisions right from your smartphone.
| Feature |
FP Markets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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.
Both FP Markets and TeleTrade provide traders with daily market commentary and access to top-tier forex news from renowned sources like Bloomberg and Reuters. However, FP Markets offers enhanced analytical tools, including technical and fundamental research tools from Autochartist and Trading Central, which TeleTrade lacks. In addition, FP Markets provides a sentiment-based trading tool to gauge the market psychology between long and short positions, whereas TeleTrade does not offer this feature. Both brokers supply an economic calendar to keep traders informed of global news events that could impact the markets.
FP Markets is rated four stars for market research, higher than TeleTrade's 3.5-star rating. This higher score stems from its broader range of research tools and resources. Out of 62 brokers, FP Markets ranks 25th in ForexBrokers.com's research category, surpassing TeleTrade, which sits at the 38th position. This ranking highlights the additional support and informative resources FP Markets provides to assist traders in making more informed decisions.
| Feature |
FP Markets
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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.
For beginners seeking educational resources, FP Markets stands out significantly when compared to TeleTrade. FP Markets offers an extensive range of educational materials, including over 10 articles, videos, or webinars focused on forex and CFDs. They also conduct monthly educational webinars and provide a searchable archive of these recorded sessions. Additionally, FP Markets caters to both beginners and advanced traders with specialized video content and offers an investor dictionary with over 50 essential investing terms. These comprehensive resources have earned FP Markets a commendable rating of 4 stars for Education and a ranking of 23rd out of 62 brokers by ForexBrokers.com.
On the other hand, TeleTrade's educational offerings are more limited. They do not meet the benchmark of 10 educational pieces focusing on forex or CFDs and lack regular educational webinars. Moreover, they do not provide a searchable archive of past webinars, and their video resources for beginners and advanced traders do not reach the quantity offered by FP Markets. TeleTrade also does not include an extensive investor dictionary. Consequently, TeleTrade receives a lower rating of 3.5 stars and ranks 61st for Education according to ForexBrokers.com’s analysis. For those prioritizing education, FP Markets is evidently the more attractive option.
| Feature |
FP Markets
|
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 FP Markets is better than TeleTrade. FP Markets finished with an overall rank of #19, while TeleTrade finished with an overall rank of #50.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 71 |
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Both FP Markets and TeleTrade provide the opportunity to invest in cryptocurrency derivatives, though neither platform currently supports the purchase of actual (delivered) cryptocurrencies.
FP Markets and TeleTrade both offer deposit and withdrawal options via Skrill, Visa/Mastercard, and bank wires, but unlike TeleTrade, FP Markets provides the additional convenience of PayPal, while neither broker offers ACH or SEPA transfer 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 | FP Markets | TeleTrade | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | TeleTrade | |
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| Regulation | FP Markets | TeleTrade | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 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 | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | FP Markets | 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 | FP Markets | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 71 | 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 | FP Markets | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | No | No |
| Trading Platforms | FP 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FP Markets | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 35 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | TeleTrade | |
|---|---|---|---|
| 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 | MetaTrader (Default) | 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 | FP Markets | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP 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 | FP Markets Review |
| Overall | FP Markets | TeleTrade | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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