Written by ForexBrokers.com
In this head to head comparison of Pepperstone 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.
Pepperstone and TeleTrade are well-known online brokers, yet they differ significantly in their trustworthiness according to ForexBrokers.com. Founded in 2010, Pepperstone boasts a high Trust Score of 95 out of 99, achieved by holding three Tier-1 and two Tier-2 licenses. This positions Pepperstone as a highly trusted broker, signifying strong regulatory compliance and security for its clients.
In contrast, TeleTrade, established in 1994, has a Trust Score of 71, indicating an average risk rating. This score reflects its possession of just one Tier-1 license without any Tier-2 licenses. Neither broker is publicly traded or operates as a bank, which makes understanding their regulatory standing crucial for potential investors.
| Feature |
Pepperstone
|
TeleTrade
|
|---|---|---|
| Year Founded | 2010 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone is favored among traders for its competitive pricing, particularly for those utilizing its Razor account. When paired with the Active Trader program, high-volume traders can benefit from attractive pricing. The Razor account, compatible with TradingView, MetaTrader, and cTrader platforms, operates on a commission-based model and boasts an average spread of 0.10 pips for EUR/USD, with an all-in cost of 0.80 pips when commissions are factored in. On the other hand, Pepperstone's Standard account offers commission-free trading with an average spread of 1.1 pips on EUR/USD, making it less economical compared to the Razor account's pricing. For the commissions and fees category, ForexBrokers.com has rated Pepperstone 4.5 stars, positioning it at #10 out of 62 brokers.
Conversely, TeleTrade does not provide extensive data on its average spreads, which can make cost comparisons more challenging for traders who prioritize fee transparency. However, TeleTrade still holds a fair reputation, earning a 4-star rating in the commissions and fees category according to ForexBrokers.com. Despite this decent rating, it ranks lower at #46 out of 62 brokers when evaluated alongside its peers. This indicates that while TeleTrade offers satisfactory service, there may be more cost-effective options available for traders seeking optimal fee structures.
In summary, traders looking for a broker with competitive pricing and comprehensive fee rebates might find Pepperstone an appealing choice, especially with its Razor account for high-volume trading. Meanwhile, TeleTrade, though slightly behind in ranking and transparency, still presents as a viable option for traders who may prioritize other factors beyond just cost efficiency in their trading journey.
| Feature |
Pepperstone
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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.
Pepperstone and TeleTrade are both popular online brokers offering various investment opportunities, particularly in forex trading. Pepperstone allows trading in 1,726 symbols, with 65 forex pairs available, providing a comprehensive selection for traders. In comparison, TeleTrade offers 500 tradeable symbols with 61 forex pairs, presenting a slightly smaller but still diverse forex market. Both brokers offer forex trading as CFDs, which widens the flexibility for forex enthusiasts. However, neither broker supports the purchase of exchange-traded securities from U.S. or international exchanges, or the ability to buy actual cryptocurrency, focusing instead on crypto derivatives and ensuring options for modern-day traders.
Copy trading is a feature available with both Pepperstone and TeleTrade, appealing to investors looking to mirror successful trading strategies. Despite offering similar services, Pepperstone is rated higher with 4 out of 5 stars for its range of investments, and it ranks 26th out of 62 brokers according to ForexBrokers.com. TeleTrade follows closely with a 3.5-star rating and ranks 45th. This indicates that while both brokers cater well to forex traders, Pepperstone offers a broader range of tradeable symbols and slightly more generous forex pairs, granting it an edge in investment variety.
| Feature |
Pepperstone
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 500 |
| Forex Pairs (Total) | 65 | 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.
Pepperstone and TeleTrade both offer excellent trading platforms and tools for online investors. Both brokers provide a free virtual demo account, allowing users to practice trading in a simulated environment. Pepperstone offers a proprietary platform, unlike TeleTrade, which relies on non-proprietary options. Both brokers support Windows-based desktop download and web-based trading platforms, offering flexibility and convenience. For traders interested in copy trading, both Pepperstone and TeleTrade provide this feature. Additionally, both platforms support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring access to industry-standard tools. However, Pepperstone has the added benefit of supporting DupliTrade, while TeleTrade offers ZuluTrade.
When it comes to charting tools, Pepperstone shines with 30 drawing tools compared to TeleTrade's 15, though both offer the ability to trade directly from a stock chart and provide 7 fields for watch lists. In terms of technical indicator offerings, the exact numbers aren't specified, but overall ratings for trading platforms and tools see both receiving 4 stars. Despite this, Pepperstone is ranked higher at #22 out of 62 brokers by ForexBrokers.com for their trading platforms and tools, suggesting a stronger overall performance compared to TeleTrade's ranking at #51.
| Feature |
Pepperstone
|
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 | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 35 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and TeleTrade both offer comprehensive iPhone and Android apps, providing traders with access to timely stock and forex price alerts and the ability to draw trend lines on charts. While both platforms support creating watchlists with real-time quotes and multiple time frame views for thorough analysis, Pepperstone steps ahead with watchlist symbol syncing. This feature allows users to have their watchlists updated across both their mobile apps and online accounts, enhancing the trading experience with seamless access to their chosen assets. Both apps auto-save chart drawings, ensuring that your technical analyses remain intact.
In terms of technical studies available on their mobile apps, TeleTrade edges out with 35 options, compared to Pepperstone's 30. However, both apps maintain equal user satisfaction, each receiving a commendable 4-star rating for their mobile trading capabilities. When compared among 62 brokers by ForexBrokers.com, Pepperstone gains a slightly higher position, ranked at #21, while TeleTrade follows closely behind at #25. This slight edge reflects Pepperstone's advantage in features like symbol syncing, which can make a difference in the overall mobile trading experience for investors.
| Feature |
Pepperstone
|
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.
Pepperstone and TeleTrade both provide daily market commentary and offer forex news from prestigious sources like Bloomberg and Reuters. However, when it comes to advanced research tools, Pepperstone takes the lead by providing Autochartist tools, which TeleTrade lacks. Additionally, Pepperstone offers sentiment-based trading tools that give insights into the ratio of long and short positions across various instruments, a feature not available with TeleTrade. Both brokers do provide an economic calendar that highlights key global events.
In terms of overall research capabilities, Pepperstone achieves a 4.5-star rating while TeleTrade receives a 3.5-star rating. This difference is reflected in their rankings on ForexBrokers.com, with Pepperstone positioned at #12 among 62 brokers and TeleTrade at #38. This highlights Pepperstone's stronger offerings in market research compared to TeleTrade.
| Feature |
Pepperstone
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 it comes to educational resources, Pepperstone significantly outpaces TeleTrade in providing guidance to beginners exploring forex and CFDs. Pepperstone is committed to educating its users with a wide array of resources. They offer over ten educational materials, including articles, videos, and archived webinars focused on forex and CFDs, ensuring beginners have ample content to start their trading journey. Additionally, Pepperstone holds monthly client webinars to engage and educate users actively and maintains a searchable archive of past webinars for convenient access to previous lessons. On the other hand, TeleTrade falls short in these areas, lacking the minimum educational materials and online webinars, which can be a limitation for beginners seeking structured learning.
Furthermore, Pepperstone caters to both novice and experienced traders with at least ten beginner and advanced educational videos, providing targeted learning based on traders' skill levels. They also offer an investor dictionary containing definitions of over 50 investing terms, helping traders familiarize themselves with key vocabulary. This dedication to education earns Pepperstone a commendable 4.5-star rating for their educational offerings and secures them the 18th spot out of 62 brokers on ForexBrokers.com. Comparatively, TeleTrade does not meet these standards, lacking the breadth of materials and resources, resulting in a lower 3.5-star rating and placing them at 61st in the education category according to ForexBrokers.com. These distinctions make Pepperstone an attractive choice for beginners looking for comprehensive educational support.
| Feature |
Pepperstone
|
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 Pepperstone is better than TeleTrade. Pepperstone finished with an overall rank of #16, while TeleTrade finished with an overall rank of #50.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
TeleTrade
|
|---|---|---|
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| Trust Score | 95 | 71 |
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Both Pepperstone and TeleTrade do not provide the option to buy actual, delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
Pepperstone outshines TeleTrade in online banking flexibility by offering ACH, SEPA, and PayPal for deposits and withdrawals, in addition to both providing Skrill, Visa, Mastercard, and bank wire 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 | Pepperstone | TeleTrade | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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| Regulation | Pepperstone | TeleTrade | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | 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) | 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) | Pepperstone | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 500 | |
| Forex Pairs (Total) | 65 | 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 | Pepperstone | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Pepperstone | 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 | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Pepperstone | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 35 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | 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 | Pepperstone | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | 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 | Pepperstone | 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 | Pepperstone Review |
| Overall | Pepperstone | TeleTrade | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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