Written by ForexBrokers.com
In this head to head comparison of IFC 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.
When comparing the regulatory aspects and trustworthiness of online brokers IFC Markets and TeleTrade, there are notable differences. Founded in 2006, IFC Markets operates without the support of any Tier-1 licenses but does hold one Tier-2 license. This gives it a ForexBrokers.com Trust Score of 73, placing it in the average risk category. Not publicly traded and not a bank, IFC Markets offers a relatively moderate level of security for traders, according to industry standards.
On the other hand, TeleTrade, established in 1994, holds a single Tier-1 license, which signals a higher level of regulatory credibility. Despite its Trust Score of 71, which also places it in the average risk category, having a Tier-1 license indicates a slightly more stringent regulatory adherence compared to IFC Markets. Similar to IFC Markets, TeleTrade is neither publicly traded nor a bank, and it lacks any Tier-2 licenses. Overall, both brokers present average risk profiles with contrasting regulatory attributes.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Year Founded | 2006 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the online brokers IFC Markets and TeleTrade, both have earned a 4-star rating for their commissions and fees. However, they differ slightly in their industry rankings. IFC Markets is ranked 39th out of 62 brokers by ForexBrokers.com for its commissions and fees. In contrast, TeleTrade holds the 46th position. These rankings highlight IFC Markets' slight edge in the competitive pricing landscape.
While specific average spread data for both brokers is not readily available, potential clients can consider these rankings and star ratings when assessing their options. These factors help indicate the overall value for money that traders can expect to receive when choosing between IFC Markets and TeleTrade.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $1 | $100 |
| Average Spread EUR/USD - Standard | 1.44 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IFC Markets and TeleTrade both present viable options for investors looking to trade Forex as either a CFD or spot contract. IFC Markets stands out with an impressive offering of 630 tradeable symbols, compared to TeleTrade's 500. However, when it comes to forex pairs specifically, IFC Markets provides access to 49 options, while TeleTrade offers a slightly higher number at 61. Neither broker allows for the purchase of U.S.-listed exchange-traded securities like Apple shares, but only IFC Markets offers the possibility to invest in international exchange-traded securities, such as shares from the London Stock Exchange.
Both platforms support the trading of cryptocurrency derivatives but do not offer the ability to purchase actual cryptocurrencies. Furthermore, they each include copy trading in their service offerings. Despite the differences in available investments, both firms received a 3.5-star rating for their range of investments and rank similarly in this category, with IFC Markets positioned at 43rd and TeleTrade at 45th out of 62 brokers. These similarities and distinctions can help guide potential investors in selecting the broker that best aligns with their investment goals and interests.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 500 |
| Forex Pairs (Total) | 49 | 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). |
Dive deeper: Best Copy Trading Platforms.
IFC Markets and TeleTrade both provide traders with a variety of platform options and features, making them worthy contenders for investors seeking intuitive trading experiences. Both brokers offer a demo account, allowing users to practice and refine their strategies in a simulated environment. While TeleTrade does not have its proprietary trading platform, IFC Markets does, adding a unique flair to its offerings. Each broker supports Windows-based desktop downloads and web-based platforms, catering to multiple preferences. Importantly, both offer renowned MetaTrader 4 and MetaTrader 5 platforms. However, in terms of social trading, IFC Markets supports copy trading whereas TeleTrade goes a step further by including ZuluTrade as well.
In charting features, both companies supply an equal number of drawing tools and technical indicators, allowing for detailed market analysis and enabling trading directly from stock charts. With seven columns available for watch lists, users can efficiently monitor their preferred assets on both platforms. Despite sharing a four-star rating for their trading platforms and tools, IFC Markets takes a higher rank at 36th out of 62 brokers on ForexBrokers.com, while TeleTrade stands at 51st. These factors may influence one's decision based on personal preference for platform exclusivity and ranking in the trading community.
| Feature |
IFC 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) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IFC Markets and TeleTrade, both platforms offer apps compatible with iPhones and Android devices. Traders can receive price alerts for stocks and forex on both apps. However, one standout feature is that IFC Markets provides watchlist symbol syncing, allowing users to have their watchlists synced seamlessly across their mobile app and online account. Unfortunately, TeleTrade does not offer this feature.
Charting capabilities on both apps are impressive, with IFC Markets offering 30 technical studies and TeleTrade slightly ahead at 35. Both applications provide essential tools, including drawing trendlines and accessing multiple time frames. Notably, both apps auto-save any chart drawings. Creating watchlists with real-time quotes is possible on both platforms. In terms of user ratings, both apps score 4 out of 5 stars for mobile trading. However, ForexBrokers.com ranks them differently in the category of Mobile Trading Apps, with TeleTrade holding a higher position at #25, whereas IFC Markets is ranked at #52 out of 62 brokers.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
When it comes to daily market insights, both IFC Markets and TeleTrade provide regular commentary, keeping traders informed with timely updates. However, when looking at the source of forex news, TeleTrade has the edge by offering updates from reputable sources like Bloomberg and Reuters, which are not provided by IFC Markets. For technical and fundamental analysis tools, neither broker employs resources from Autochartist or Trading Central, but IFC Markets stands out by offering a sentiment-based trading tool that outlines long and short position ratios across various instruments, a feature that TeleTrade lacks.
Both brokers maintain economic calendars detailing global news events, helping traders anticipate market movements. Despite similarities in some areas, TeleTrade slightly surpasses IFC Markets in the ForexBrokers.com Research category, coming in at #38 out of 62 compared to IFC Markets' #40 ranking. Both brokers share a 3.5-star rating for research, reflecting a comparable level of user satisfaction in this area. Overall, while both offer valuable insights, each has unique strengths that may appeal to different trading preferences.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 comparing the educational resources for beginners at IFC Markets and TeleTrade, there are clear differences to consider. IFC Markets provides ample educational content, offering more than ten articles, videos, and other resources focused on forex or CFDs. This broker has taken extra steps to cater to newcomers with more than ten educational videos specifically aimed at beginners. Additionally, IFC Markets supports advanced learners with educational videos that address more complex trading topics. An extra benefit is their comprehensive investor dictionary, featuring definitions for over 50 investing terms, enhancing the learning experience for those new to trading.
Contrastingly, TeleTrade offers limited educational support for beginners. They do not meet the minimum requirement of ten educational resources focused on forex or CFDs and lack video content tailored specifically for novice traders. Like IFC Markets, TeleTrade does not provide live webinars or a searchable archive of previously recorded sessions. Their educational offerings are notably scarce, as they do not even provide an investor dictionary. In educational rankings, IFC Markets stands significantly higher at 30th place among 62 brokers, whereas TeleTrade ranks near the bottom at 61st. Both brokers share a 3.5-star rating for education; however, IFC Markets clearly provides a more comprehensive suite of educational resources for beginners.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 IFC Markets is better than TeleTrade. IFC Markets finished with an overall rank of #45, while TeleTrade finished with an overall rank of #50.
IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at IFC Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.
| Feature |
IFC Markets
|
TeleTrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 73 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both IFC Markets and TeleTrade do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
Both IFC Markets and TeleTrade provide Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, however, only TeleTrade offers Skrill, while neither platform 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | IFC Markets | TeleTrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | IFC Markets | TeleTrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | IFC Markets | TeleTrade | |
|---|---|---|---|
| Trust Score | 73 | 71 | |
| Year Founded | 2006 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IFC Markets | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | IFC 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 | IFC Markets | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 500 | |
| Forex Pairs (Total) | 49 | 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). |
| Cost | IFC Markets | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $1 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | IFC 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | IFC 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IFC Markets | 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 | 30 | 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 | IFC Markets | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IFC 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 |
| Overall | IFC Markets | TeleTrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill