Written by ForexBrokers.com
In this head to head comparison of TeleTrade vs FXPrimus, 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, established in 1994, and FXPrimus, founded in 2009, are online brokers that provide trading services without being publicly traded companies or banking institutions. Both brokers hold one Tier-1 license, indicating a high level of trust according to ForexBrokers.com. Neither holds any Tier-2 licenses, which are also considered trusted. Despite these credentials, each broker has received a Trust Score of 71 out of 99 from ForexBrokers.com, placing them in the average risk category in terms of overall trustworthiness.
When choosing between TeleTrade and FXPrimus, prospective clients should consider these trust scores while noting that neither company is a bank or traded on stock exchanges. The comparable regulatory framework and trust scores suggest a similar level of risk for those interested in their services. Doing further research and considering personal trading needs alongside these ratings can aid in making a more informed decision.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| Year Founded | 1994 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the online brokers TeleTrade and FXPrimus in terms of commissions and fees, both offer competitive structures despite the absence of average spread data. Each broker aims to provide value to their clients, though nuances exist that could influence your decision depending on your trading preferences.
TeleTrade has earned a solid 4-star rating for its commissions and fees. It holds the 46th position out of 62 brokers in this category, according to ForexBrokers.com. This indicates that while TeleTrade offers an appealing fee structure, there may be other brokers with slightly more advantageous terms.
Similarly, FXPrimus also enjoys a 4-star rating for its commissions and fees, but ranks slightly higher than TeleTrade at 42nd position. This suggests that FXPrimus is marginally more favorable in terms of fees and commissions based on the ranking. Ultimately, the choice between these brokers might come down to other considerations beyond just commissions and fees.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 it comes to the range of investments offered by online brokers TeleTrade and FXPrimus, both platforms provide opportunities for forex trading as either a CFD or spot contract. TeleTrade provides traders with access to 500 tradeable symbols, including 61 forex pairs, giving users a broad selection of assets to trade. Meanwhile, FXPrimus offers 140 tradeable symbols and 42 forex pairs, making it slightly more limited in comparison. Neither broker allows for the trading of exchange-traded securities on U.S. or international exchanges, such as buying shares in companies like Apple or Vodafone directly.
Both TeleTrade and FXPrimus offer services like copy trading and the ability to trade cryptocurrency derivatives, although they do not support the purchase of actual cryptocurrencies. Despite their differences in tradeable symbols and forex pairs, both brokers receive a 3.5-star rating for their range of investments. Rankings by ForexBrokers.com place TeleTrade at 45th out of 62 brokers, while FXPrimus ranks 59th, reflecting their respective broad and moderate product offerings to traders.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 140 |
| Forex Pairs (Total) | 61 | 42 |
| 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 it comes to trading platforms and tools, both TeleTrade and FXPrimus offer a rich suite of options to cater to traders of varying expertise. Each provides simulated trading through virtual demo accounts, ensuring that beginners can practice without risks. While TeleTrade and FXPrimus both support MetaTrader 4 and 5, as well as web-based and Windows desktop platforms, FXPrimus introduces additional flexibility with its proprietary platform developed in-house. For those interested in copy trading, both brokers provide this feature, although TeleTrade also supports ZuluTrade, offering slightly more diversity in automation choices.
When it comes to charting, both platforms are on par, offering 15 drawing tools each. Users can trade directly from stock charts on both platforms, and watch lists accommodate seven columns of information. In terms of ratings, TeleTrade and FXPrimus both receive four out of five stars for their trading platforms and tools, reflecting a commendable level of functionality accessible to traders. Despite their similar offerings, FXPrimus edges out TeleTrade in the ForexBrokers.com rankings, sitting at #49 compared to TeleTrade's #51 out of 62 brokers. Both brokers cover fundamental needs effectively, allowing traders to explore options that best suit their trading style.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| 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.
Both TeleTrade and FXPrimus offer comprehensive mobile trading apps that cater to iPhone and Android users alike. Traders can stay on top of market movements with real-time alerts for stock and forex prices, enhancing their ability to make timely decisions. While both platforms allow for creating watchlists with live quotes, neither currently supports syncing these watchlists directly with the client’s online account. In terms of charting tools, TeleTrade provides slightly more technical studies, offering 35 compared to FXPrimus's 30. Both platforms let you draw trendlines and view multiple time frames on charts, with auto-save functionality ensuring that your work is preserved.
In terms of user ratings, both mobile apps shine with a solid 4-star rating. However, TeleTrade holds a stronger position in the industry rankings, coming in at #25 according to ForexBrokers.com, whereas FXPrimus is ranked #47 out of 62 brokers. This suggests that while both platforms offer substantial features, TeleTrade may have a slight edge in user experience or functionality, making it a possibly more appealing choice for some traders.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| 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 it comes to market research, both TeleTrade and FXPrimus offer daily market commentary to keep traders informed about the latest trends. However, TeleTrade stands out by providing forex news from top-tier sources like Bloomberg and Reuters, which FXPrimus lacks. Unfortunately, neither broker offers advanced technical analysis or fundamental research tools from Autochartist or Trading Central, nor do they provide sentiment-based trading tools that show long or short position ratios across currency pairs.
TeleTrade and FXPrimus both offer an economic calendar that highlights key global events, which is crucial for traders keeping an eye on market-moving news. Despite the similarities, TeleTrade receives a slightly higher rating of 3.5 stars for research compared to FXPrimus's 3 stars, reflecting its more comprehensive news coverage. According to ForexBrokers.com, TeleTrade is ranked 38th among 62 brokers for its research offerings, while FXPrimus is placed at 58th. This ranking suggests TeleTrade is a more favorable choice for those prioritizing research capabilities in their trading activities.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| 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 it comes to educational resources for beginners, FXPrimus stands out more in comparison to TeleTrade. FXPrimus provides over ten educational materials focused on forex and CFD trading, an advantage for novice traders eager to learn. They also offer monthly online webinars and maintain an archive of these sessions, allowing beginners the opportunity to revisit past webinars at their convenience. However, neither platform excels in offering diverse video content specifically tailored for beginners or advanced traders, and both lack an investor dictionary with definitions of investing terms.
TeleTrade, on the other hand, seems to fall behind in most educational aspects, offering neither the minimum number of educational pieces nor regular webinars with archives. It is noted that both brokers have room for improvement in enriching their educational content, as evidenced by their ratings and rankings. Despite these shortcomings, TeleTrade receives a slightly higher educational rating compared to FXPrimus, though it is ranked lower overall at #61 among 62 brokers by ForexBrokers.com, with FXPrimus ranking at #51.
| Feature |
TeleTrade
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| 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 FXPrimus. TeleTrade finished with an overall rank of #50, while FXPrimus finished with an overall rank of #53.
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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FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
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Both TeleTrade and FXPrimus allow traders to buy cryptocurrency derivatives, but neither offers the option to purchase actual delivered cryptocurrencies.
Both TeleTrade and FXPrimus provide similar options for account funding and withdrawals, including Skrill, Visa or Mastercard, and bank wires, but neither broker supports ACH, SEPA, or PayPal 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 | TeleTrade | FXPrimus | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | TeleTrade | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | TeleTrade | FXPrimus | |
|---|---|---|---|
| Trust Score | 71 | 71 | |
| Year Founded | 1994 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | TeleTrade | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 140 | |
| Forex Pairs (Total) | 61 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | TeleTrade | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | TeleTrade | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review |
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