Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro was established in 2006 and is a well-regarded online broker, known for its credibility and adherence to regulatory standards. Despite not being publicly traded or a bank, FxPro maintains a solid reputation with a ForexBrokers.com Trust Score of 90, positioning it among the highly trusted firms. It holds two Tier-1 licenses, which adds to its trustworthiness, and additionally possesses a Tier-2 license.
Founded in 1994, TeleTrade is another veteran in the online brokerage industry. Similarly, it is not publicly traded nor a banking institution. With a Trust Score of 71 from ForexBrokers.com, TeleTrade is viewed as having average risk. It holds one Tier-1 license, which is a testament to its compliance with key regulatory standards, but lacks any Tier-2 licenses. When comparing these brokers, FxPro edges out with a stronger regulatory foundation and higher trust rating.
| Feature |
FxPro
|
TeleTrade
|
|---|---|---|
| Year Founded | 2006 | 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 | 2 | 0 |
When comparing FxPro and TeleTrade in terms of commissions and fees, FxPro generally stands as the more competitively ranked broker, albeit with higher-than-average pricing. FxPro provides traders with options like variable or fixed spreads on its MT4 platform, along with execution choices that affect potential slippage and requotes. The cTrader platform from FxPro offers commission-based pricing with notably competitive spreads; for instance, trading the EUR/USD pair effectively costs approximately 1.27 pips, including commissions. However, traders on FxPro's MetaTrader platforms should note a minimum 1 pip distance requirement for stop and limit orders, which isn't the case on its cTrader platform.
In contrast, specific average spread data is not available for TeleTrade, which offers few details on their fee structure. Despite the uncertainty in comparing specific metrics like spreads, both FxPro and TeleTrade receive a solid rating of 4 out of 5 stars for their commission and fee structures. However, it is the ranking within a broader field of brokers that differentiates them further. According to ForexBrokers.com, FxPro ranks at number 32 out of 62 brokers, whereas TeleTrade ranks at 46, suggesting FxPro is seen more favorably in terms of commissions and fees overall.
Additionally, FxPro's Active Trader program delivers up to 30% discounts, adding an incentive for traders opting for their Elite account, though it's noted as less competitive compared to industry leaders like FOREX.com, IG, and Saxo. While both brokers offer commendable services as reflected in their star ratings, FxPro's more detailed and structured pricing model gives it a lead, especially when solid strategy demands precise cost comparisons.
| Feature |
FxPro
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
FxPro and TeleTrade both offer forex trading as CFDs, but their range of investments sets them apart. FxPro stands out by providing access to a wide array of 2,249 tradeable symbols, including 70 forex pairs. In contrast, TeleTrade offers a more modest selection of 500 symbols with 61 forex pairs. Moreover, FxPro extends its offerings to international exchange-traded securities, allowing clients to invest in shares like Vodafone from the London Stock Exchange. On the other hand, TeleTrade does not provide access to these international markets. Both brokers support copy trading and offer cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies.
When it comes to ratings and rankings, FxPro receives a 4-star rating for its range of investments and holds the 28th position out of 62 brokers according to ForexBrokers.com. TeleTrade, with its narrower scope of trading options, is rated 3.5 stars and ranks 45th in the same category. These distinctions make FxPro a more attractive option for investors seeking a broader spectrum of investment opportunities.
| Feature |
FxPro
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 500 |
| Forex Pairs (Total) | 70 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and TeleTrade both provide traders with a range of platform options, including access to popular MetaTrader 4 and MetaTrader 5. Both brokers offer simulated trading through free demo accounts to help users practice without real financial risk. FxPro stands out with its proprietary platform, which is developed in-house, while TeleTrade does not feature a proprietary option. Both brokers support trading through Windows-based desktop and web-based platforms, allowing for versatile trading opportunities. They also offer features like copy trading, although TeleTrade adds ZuluTrade into its toolset, which FxPro does not support.
When it comes to charting tools, FxPro provides 25 drawing tools, surpassing TeleTrade's 15. Both offer the ability to trade directly from stock charts. For watch lists, TeleTrade offers slightly more flexibility with seven available columns, compared to FxPro's six. Despite these differences, both platforms are highly rated with four stars for their trading platforms and tools. However, in a ranking by ForexBrokers.com of 62 brokers, FxPro sits significantly higher at #19, compared to TeleTrade, which ranks at #51. This distinction may influence traders who prioritize comprehensive platform functionality.
| Feature |
FxPro
|
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) | 53 | 35 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FxPro and TeleTrade, both brokers offer apps for iPhone and Android, enabling users to trade on the go. Price alerts are available on both platforms, helping traders stay informed. However, FxPro edges out with its watchlist symbol syncing feature, allowing users to effortlessly sync their watchlists between their mobile app and online account. In terms of charting capabilities, FxPro offers 65 technical studies while TeleTrade provides 35, giving FxPro a slight advantage for traders who rely on in-depth analysis. Both apps permit trendline drawing and time frame viewing on charts, and they also support auto-saving of chart drawings, making them quite user-friendly.
Regarding user experience, both platforms allow for the creation of watchlists with real-time quotes, ensuring that traders have access to current market information. In terms of ratings, FxPro scores 4.5 out of 5 stars for its mobile trading app, slightly ahead of TeleTrade's 4-star rating. Ranking-wise, FxPro is placed at #15 out of 62 brokers by ForexBrokers.com in the Mobile Trading Apps category, compared to TeleTrade's rank at #25. This ranking reflects FxPro's overall stronger performance in this field, making it a more appealing option for traders who prioritize a more comprehensive mobile trading experience.
| Feature |
FxPro
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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.
FxPro and TeleTrade both offer valuable market research tools for traders, providing daily market commentary and top-tier forex news from sources like Bloomberg and Reuters. However, FxPro stands out with its inclusion of Trading Central technical analysis tools and a sentiment-based trading tool, allowing users to gauge the sentiment ratio across currency pairs. In contrast, TeleTrade does not offer these additional analysis instruments, giving FxPro a slight edge for traders seeking advanced research tools.
Additionally, both brokers provide an economic calendar to keep traders informed of global news events, but neither offers market research from TipRanks or Acuity Trading tools. In terms of user ratings, FxPro boasts a higher research rating of four stars compared to TeleTrade's 3.5 stars. According to ForexBrokers.com rankings, FxPro is placed at #27 out of 62 brokers for research, while TeleTrade lands at #38. This makes FxPro a slightly more favorable choice for those prioritizing comprehensive research capabilities in their trading experience.
| Feature |
FxPro
|
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, FxPro stands out significantly compared to TeleTrade. FxPro offers a plethora of educational materials on forex and CFDs, boasting over ten articles, videos, and archived webinars focused specifically on these topics. While both brokers lack monthly live educational webinars, FxPro provides a searchable archive of past webinars, making it easier for users to access learning materials at their convenience. In addition, FxPro caters to beginners by offering over ten videos designed to cover basic trading topics. This commitment to education is further exemplified by their comprehensive investor dictionary, which features definitions for more than 50 investing terms.
Contrarily, TeleTrade falls short in providing educational resources for beginners. It does not meet the minimum requirement for educational content related to forex or CFDs, nor does it offer a library of past webinars. Furthermore, beginners will also find the absence of specially tailored video content a drawback, as TeleTrade does not offer a collection of beginner-friendly videos. While FxPro garners a commendable 4-star rating for its educational offerings, TeleTrade receives a lower score of 3.5 stars. In rankings, FxPro's dedication to education is reflected in its position as #17 out of 62 brokers on ForexBrokers.com, whereas TeleTrade lags behind in the #61 spot.
| Feature |
FxPro
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 FxPro is better than TeleTrade. FxPro finished with an overall rank of #21, while TeleTrade finished with an overall rank of #50.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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TeleTrade
|
|---|---|---|
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| Trust Score | 90 | 71 |
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Both FxPro and TeleTrade do not provide the option to buy actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers FxPro and TeleTrade in terms of deposit and withdrawal options, FxPro offers a wider array of choices including ACH, SEPA, and PayPal alongside Skrill, Visa, Mastercard, and bank wires, while TeleTrade supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal 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 | FxPro | TeleTrade | |
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| Trust Score | 90 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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| Regulation | FxPro | TeleTrade | |
|---|---|---|---|
| Trust Score | 90 | 71 | |
| Year Founded | 2006 | 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 | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | TeleTrade | |
|---|---|---|---|
| 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) | Yes | 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) | FxPro | 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 | FxPro | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 500 | |
| Forex Pairs (Total) | 70 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| Trading Platforms | FxPro | 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 | FxPro | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 35 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | 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 | FxPro | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FxPro | 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 | FxPro Review |
| Overall | FxPro | TeleTrade | |
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| Trust Score | 90 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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