Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 and TeleTrade are prominent online brokers with distinct regulatory profiles, reflecting their trustworthiness and market positions. Founded in 2008, Plus500 is a publicly traded company, which adds transparency and accountability to its operations. The broker is highly rated with a Trust Score of 99 out of 99 by ForexBrokers.com, indicating a high level of trust. Plus500 holds six Tier-1 licenses and three Tier-2 licenses, demonstrating its strong regulatory standing with multiple trusted financial authorities.
TeleTrade, established in 1994, is not publicly traded. The broker holds a ForexBrokers.com Trust Score of 71 out of 99, suggesting an average level of risk. Its regulatory credentials include one Tier-1 license and no Tier-2 licenses, providing a more modest level of assurance compared to its counterpart. Both companies are not banks, focusing solely on providing online brokerage services. Potential users looking for regulatory assurance may find Plus500's more extensive licensing and higher trust rating appealing when choosing between these brokers.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Year Founded | 2008 | 1994 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of Plus500 and TeleTrade, Plus500's pricing is slightly above the industry average and not as competitive as leading forex brokers like IG or Saxo for active traders. Plus500 does not extend discounts to retail clients, but professionals can enjoy cash rebates, which function similarly to an active trader program, upon qualifying. The spreads for EUR/USD with Plus500 averaged 1.5 pips in April 2024, which is also higher than the industry norm.
TeleTrade, in contrast, doesn't have publicly available average spread data, which makes it tricky to make precise comparisons with Plus500. However, both brokers share a similar rating, with each receiving 4.0 stars out of five for their commission and fee structures. While they both have earned these ratings, consumer reviews or additional detailed evaluations could further influence trader preferences.
In terms of rankings by ForexBrokers.com, Plus500 holds the #25 position out of 62 brokers in the Commissions and Fees category. Meanwhile, TeleTrade is ranked at #46, which might suggest that Plus500 offers a slightly better fee structure overall, although individual client experiences and specific needs could sway preference towards TeleTrade. These rankings provide a useful overview but should be considered alongside other factors when deciding on a broker.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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.
When comparing Plus500 and TeleTrade in terms of investment variety, Plus500 provides a wider array of opportunities. Plus500 offers access to 5,500 tradeable symbols, including 65 forex pairs, significantly more than TeleTrade's 500 symbols and 61 forex pairs. Additionally, Plus500 allows clients to invest directly in U.S. exchange-traded securities, such as shares of Apple, as well as international stocks like Vodafone, whereas TeleTrade does not offer these direct purchase options. Furthermore, both platforms offer Forex trading as CFDs and the ability to trade cryptocurrency derivatives, but no option for buying actual cryptocurrencies.
In terms of added functionality, TeleTrade offers a copy trading service which might appeal to beginner traders looking to mimic experienced investors. However, Plus500 nudges ahead with a higher rating of 4.5 stars in the Range of Investments category compared to TeleTrade's 3.5 stars, as assessed by ForexBrokers.com. Ranking overall among brokers, Plus500 stands at #24, while TeleTrade is at #45, indicating a stronger market presence and a broader selection of investment options with Plus500.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 500 |
| Forex Pairs (Total) | 65 | 61 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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.
Plus500 and TeleTrade both offer virtual demo accounts, allowing traders to simulate trading activities without financial risk. Plus500 stands out with its proprietary platform, offering a seamless web-based experience but lacks a desktop download option. In contrast, TeleTrade provides a Windows-based desktop platform and supports popular platforms like MetaTrader 4 and 5. While Plus500 does not support copy trading, TeleTrade allows this feature through ZuluTrade, giving users additional flexibility. Although Plus500 does not integrate directly with stock charts, it offers more drawing tools for charting, totaling 22 compared to TeleTrade's 15.
For investors focusing on watch list management, Plus500 provides access to 10 fields, while TeleTrade offers seven. In terms of overall user ratings for trading platforms and tools, Plus500 scores slightly higher at 4.5 stars compared to TeleTrade's 4 stars. This distinction is reflected in their rankings on ForexBrokers.com, where Plus500 secures the 14th position out of 62 brokers, whereas TeleTrade ranks 51st. These differences highlight Plus500’s strengths in simplicity and ease of use, while TeleTrade appeals to traders seeking advanced functionalities like MetaTrader integration and copy trading features.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 114 | 35 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and TeleTrade both offer iPhone and Android apps for mobile trading, equipped with essential features like price alerts and watchlists with real-time quotes. Plus500 takes the lead by offering watchlist symbol syncing, so changes in your mobile app mirror those in your online account. It also offers a broader range of technical studies for charting, with 110 options compared to TeleTrade's 35, though TeleTrade has a handy feature of auto-saving chart drawings, which Plus500 lacks.
Both apps allow you to draw trendlines and view multiple time frames on charts, but when it comes to ratings, Plus500 scores slightly higher with 4.5 stars out of 5 for its mobile trading app, while TeleTrade holds 4 stars. In terms of rankings by ForexBrokers.com, Plus500 is ranked 14th out of 62 brokers for its mobile trading apps, whereas TeleTrade is ranked 25th. This suggests Plus500 offers a slightly more comprehensive and higher-rated mobile trading experience.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Plus500 and TeleTrade in terms of market research offerings, both brokers provide daily market commentary and access to an economic calendar showcasing significant global events. However, they differ significantly in other research aspects. Plus500 excels with a sentiment-based trading tool that provides insights into trader positions on various instruments, and it integrates with Trading Central for technical analysis resources. On the other hand, TeleTrade stands out by delivering forex news from esteemed sources like Bloomberg and Reuters, ensuring traders receive updates from top-tier providers, which Plus500 does not offer.
Despite their unique strengths, both brokers lack research tools from providers such as Autochartist, TipRanks, and Acuity Trading. When assessed for their overall research capabilities, Plus500 achieves a research rating of 4.0 stars and ranks 19th out of 62 brokers according to ForexBrokers.com. TeleTrade, while offering noteworthy market news sources, receives a slightly lower rating of 3.5 stars and is ranked 38th in the same category. These rankings highlight Plus500's relative advantage in providing comprehensive research tools and analysis for its users.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | 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 in the trading world, Plus500 and TeleTrade offer distinctly different experiences. Plus500 stands out by providing a comprehensive suite of educational materials, including over ten articles and videos focused on forex and CFDs. Beginners can benefit from monthly live webinars, which are conveniently archived for future reference. These webinars are a valuable tool for those looking to learn at their own pace. Additionally, Plus500 offers a range of video content tailored to both new and experienced traders, making it easier for beginners to progress. However, it lacks an extensive investor dictionary, which might be a downside for those looking for detailed terminology.
In contrast, TeleTrade falls short in terms of the variety and accessibility of educational resources. While it provides some educational content, it does not meet the threshold of ten pieces focused on forex and CFDs for beginners. Furthermore, TeleTrade does not offer regular webinars, leaving users without the benefit of live learning sessions or recorded material for a deeper understanding. Although Plus500 is rated at 4.0 stars and ranked 31st out of 62 brokers in education by ForexBrokers.com, TeleTrade, with a rating of 3.5 stars and a rank of 61st, has significant room for improvement in educational offerings aimed at nurturing novice traders.
| Feature |
Plus500
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than TeleTrade. Plus500 finished with an overall rank of #14, while TeleTrade finished with an overall rank of #50.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Plus500 and TeleTrade do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives, facilitating investment in price movements without owning the underlying assets.
Plus500 and TeleTrade both facilitate deposits and withdrawals through Skrill, Visa, Mastercard, and bank wires, yet only Plus500 supports PayPal, while neither offer ACH or SEPA transfers.
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 | Plus500 | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | TeleTrade | |
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| Regulation | Plus500 | TeleTrade | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 2008 | 1994 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 500 | |
| Forex Pairs (Total) | 65 | 61 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | 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 | No | No |
| Trading Platforms | Plus500 | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Plus500 | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 35 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 110 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | No |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review |
| Overall | Plus500 | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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