Written by ForexBrokers.com
In this head to head comparison of TeleTrade vs FXGT.com, 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 1994, TeleTrade is an online broker that has established itself over the years but is not listed on any stock exchange and does not operate as a bank. It holds a single Tier-1 license, considered highly trusted by ForexBrokers.com, which contributes to its Trust Score rating of 71. This puts it in the average risk category according to ForexBrokers.com's criteria.
In contrast, FXGT.com is a newer entrant to the online brokerage scene, having been founded in 2019. Like TeleTrade, it is not publicly traded and does not function as a bank. FXGT.com also possesses one Tier-1 license, signifying high trust, but its Trust Score is slightly lower at 69, categorizing it as high risk. Additionally, FXGT.com has one Tier-2 license, considered trusted, that provides it with a slight edge in regulatory compliance over TeleTrade.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Year Founded | 1994 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of TeleTrade with FXGT.com, there are notable differences that potential investors should consider. TeleTrade is highly competitive, earning a 4-star rating out of five in this category. Even though detailed information about average spreads isn't available, TeleTrade’s cost structure is appealing enough to earn it the 46th spot out of 62 brokers reviewed by ForexBrokers.com.
In contrast, FXGT.com has a slightly lower rating for its commissions and fees, standing at 3.5 stars. Without precise data on average spreads, it's clear that FXGT.com might not offer the same level of cost-efficiency as some of its peers. This is reflected in its ranking as the 55th out of the 62 brokers evaluated by ForexBrokers.com, suggesting that while it’s a solid choice, it may not be the most cost-effective option available.
Overall, TeleTrade appears to offer more favorable terms in the realm of commissions and fees compared to FXGT.com. However, both brokers present valuable trading opportunities, and investors should consider their specific needs and priorities before making a decision.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
TeleTrade and FXGT.com both offer opportunities for forex trading, providing traders access to CFDs or spot contracts. If you're looking for variety, TeleTrade stands out with 500 tradeable symbols, including 61 forex pairs. In contrast, FXGT.com offers 117 symbols with 53 forex pairs. Neither platform supports purchasing actual exchange-traded securities on U.S. or international exchanges, for those interested in owning direct stock investments. However, both brokers enable derivative trading for cryptocurrencies, although actual (delivered) cryptocurrency purchases are not available.
For traders interested in social trading, both TeleTrade and FXGT.com support copy trading options. When it comes to the range of investments, TeleTrade is slightly ahead, earning 3.5 stars out of 5 compared to FXGT.com's 3 stars. This difference is reflected in their rankings by ForexBrokers.com, with TeleTrade positioned at #45 out of 62 brokers for investment range, while FXGT.com stands at #60. Both platforms offer similar services, but the wider range of symbols and higher rating might make TeleTrade a more appealing choice for some traders.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 117 |
| Forex Pairs (Total) | 61 | 53 |
| 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 FXGT.com, both online brokers offer a comprehensive selection of trading platforms and tools suited to the needs of various traders. Each broker allows traders to experience the markets risk-free with a simulated demo account. As neither broker has a proprietary platform, traders can access popular platforms, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available for both Windows-based desktop downloads and web-based platforms. In the realm of copy trading, both offer this feature; however, only TeleTrade provides ZuluTrade, while DupliTrade is not available at either broker.
Charting features differ slightly, with FXGT.com offering 23 drawing tools compared to TeleTrade's 15. For trading convenience, both brokers allow traders to execute transactions straight from stock charts. Watch list customization sees TeleTrade offering seven fields, whereas FXGT.com provides five. When it comes to ratings, both brokers receive 4 stars for trading platforms and tools, with TeleTrade ranked #51 and FXGT.com slightly lower at #56 among 62 brokers by ForexBrokers.com.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 35 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both TeleTrade and FXGT.com offer comprehensive mobile trading apps compatible with iPhone and Android devices. They allow users to receive stock and forex price alerts and support drawing trendlines and viewing multiple time frames on charts. While both platforms enable creating watchlists with real-time quotes, FXGT.com stands out by offering watchlist symbol syncing, ensuring any changes made on mobile are reflected on the user's online account. This feature is absent in TeleTrade's app, which means users need to update their watchlists separately across different devices.
In terms of technical studies, TeleTrade offers a slightly richer experience with 35 options compared to FXGT.com's 30. Both apps automatically save chart drawings, ensuring traders can continue their analysis without losing progress. Ratings for mobile trading apps show TeleTrade leading with 4 stars, while FXGT.com follows at 3.5 stars. According to ForexBrokers.com, TeleTrade is ranked #25 out of 62 brokers in the mobile trading category, while FXGT.com is positioned at #58. Overall, TeleTrade appears to offer a more polished mobile trading experience, but FXGT.com's syncing feature may appeal to those who prioritize seamless device integration.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 TeleTrade and FXGT.com in terms of market research, TeleTrade tends to stand out with its daily market commentary and access to forex news from renowned sources like Bloomberg and Reuters. While neither broker offers technical analysis tools from companies like Autochartist or Trading Central, FXGT.com provides a sentiment-based trading tool that displays the ratio of long and short positions across currency pairs. Both platforms offer an economic calendar to keep traders informed of global news events.
In terms of ratings, TeleTrade scores slightly higher with a 3.5-star rating for research, compared to FXGT.com's 3-star rating. This difference is reflected in their rankings, with ForexBrokers.com placing TeleTrade at #38 out of 62 brokers, while FXGT.com comes in at #56. Overall, TeleTrade offers more comprehensive market insights and ranks higher, making it a potentially better choice for traders focused on research resources.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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 at TeleTrade and FXGT.com for beginner traders, both platforms show room for improvement. Neither broker offers the minimum ten educational pieces needed to cover forex or CFDs extensively, which includes articles, videos, or archived webinars. Moreover, both brokers lack monthly educational webinars and a searchable archive of such sessions. For beginners looking for video content tailored to their level, neither TeleTrade nor FXGT.com meets the mark by providing at least ten beginner-friendly educational videos. Similarly, for more advanced traders, neither platform has ten videos targeting experienced traders' needs.
While TeleTrade does not have an investor dictionary with over 50 investment terms, FXGT.com does provide this feature. Despite these offerings, TeleTrade scores slightly higher with a 3.5-star education rating compared to FXGT.com's 3-star rating. However, in terms of overall rank from ForexBrokers.com, TeleTrade is placed second to last at #61 out of 62 brokers, while FXGT.com is slightly higher at #59. This analysis suggests that while both brokers have some educational offerings, potential clients might need to look elsewhere for more comprehensive educational resources.
| Feature |
TeleTrade
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
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 FXGT.com. TeleTrade finished with an overall rank of #50, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 69 |
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Both online brokers, TeleTrade and FXGT.com, do not offer the ability to buy actual delivered cryptocurrency; however, they provide the option to purchase cryptocurrency derivatives instead.
TeleTrade and FXGT.com both support Visa/Mastercard and bank wire transactions for deposits and withdrawals, but only FXGT.com offers ACH or SEPA transfers, and only TeleTrade supports Skrill, with neither platform providing PayPal as a payment option.
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 | FXGT.com | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | TeleTrade | FXGT.com | |
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| Regulation | TeleTrade | FXGT.com | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 1994 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | TeleTrade | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | TeleTrade | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TeleTrade | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 117 | |
| Forex Pairs (Total) | 61 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | TeleTrade | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No |
| Trading Tools | TeleTrade | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 35 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TeleTrade | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TeleTrade | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | TeleTrade | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | TeleTrade | FXGT.com | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review |
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