Written by ForexBrokers.com
In this head to head comparison of RoboForex 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 online brokers RoboForex and TeleTrade, it's clear that both have established their presence in the industry, with RoboForex founded in 2009 and TeleTrade in 1994. Neither broker is publicly traded nor operates as a bank, which is an important consideration for potential traders. In terms of regulatory standing, both RoboForex and TeleTrade hold one Tier-1 license each, an indicator of high trust according to ForexBrokers.com standards. However, neither has Tier-2 licenses, which means they lack additional regulatory coverage typically considered as "trusted".
Examining their Trust Scores, RoboForex edges ahead with a rating of 73, placing it in the "average risk" category, while TeleTrade scores a slightly lower 71, also considered "average risk". This indicates both brokers offer a moderate level of trust for users. Despite their similarities, these scores highlight subtle differences that potential traders might consider when deciding which platform aligns with their needs and risk tolerance.
| Feature |
RoboForex
|
TeleTrade
|
|---|---|---|
| Year Founded | 2009 | 1994 |
| 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 | 2 | 0 |
When comparing the commissions and fees of RoboForex and TeleTrade, it's important to note that both have distinct features. RoboForex's average spread for EUR/USD pairs stands at 1.3 pips, which is considered relatively high on their Procent and Pro accounts. This positioning places RoboForex at a competitive disadvantage in terms of pricing, with a rating of 3.5 stars for commissions and fees. Out of 62 brokers evaluated by ForexBrokers.com, RoboForex ranks #54, indicating room for improvement in this category.
On the other hand, TeleTrade does not publicly provide detailed average spread data, making it challenging to perform a direct cost comparison. However, in the overall evaluation of their commissions and fees, TeleTrade receives a 4-star rating. This slightly higher rating suggests that customers may find better cost efficiency and satisfaction compared to some other brokers. ForexBrokers.com ranks TeleTrade at #46 out of 62 brokers, suggesting it’s slightly more competitive on fees than RoboForex.
In summary, while both brokers have unique pricing structures, TeleTrade edges out RoboForex in commissions and fees performance based on available ratings and rankings. Users looking for cost-effective trading might lean towards TeleTrade despite the lack of precise spread data, which can be a consideration when choosing between the two. RoboForex, though reputable, may require a closer evaluation of specific account conditions if spread costs are a concern.
| Feature |
RoboForex
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
RoboForex and TeleTrade are popular online brokers, both offering forex trading through CFDs or spot contracts. RoboForex provides a broad selection with an impressive 8,400 tradeable symbols and 28 forex pairs, whereas TeleTrade offers 500 symbols and a more extensive selection of 61 forex pairs. However, neither broker allows the buying of exchange-traded securities on U.S. or international exchanges. Both platforms offer copy trading options, catering to those interested in mirroring experienced traders' strategies. While actual cryptocurrency purchases are not available, both brokers support trading in cryptocurrency derivatives.
When assessed for their range of investments, RoboForex stands out with a 4.5-star rating, placing it at the 20th position among 62 brokers according to ForexBrokers.com. TeleTrade, while still a commendable choice, holds a slightly lower rating of 3.5 stars, ranking at 45th in the same category. This comparison highlights RoboForex's broader range of investment opportunities, making it a potentially better choice for those seeking more diverse trading options. However, traders seeking a higher number of forex pairs might find TeleTrade's offerings more appealing.
| Feature |
RoboForex
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 500 |
| Forex Pairs (Total) | 28 | 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.
In comparing RoboForex and TeleTrade, both brokers offer a range of trading platforms and tools that cater to diverse trading preferences. Each provides a free virtual demo account, allowing users to practice and refine their trading strategies without financial risk. Although neither broker has developed a proprietary platform, they both support widely-used platforms like MetaTrader 4 and 5. Additionally, RoboForex and TeleTrade offer Windows-based desktop downloads and web-based platforms, providing traders with flexibility in how they engage with the market. Copy trading is available with both brokers, empowering investors to replicate the trades of experienced traders.
Though ZuluTrade is only available with TeleTrade, both brokers lack support for DupliTrade. Charting capabilities are strong with each broker, providing 15 drawing tools along with the ability to trade directly from stock charts. Customizable watch lists are also a feature with both, offering seven columns for personalized tracking of investments. Despite the similarities in offerings, RoboForex ranks higher at #43, compared to TeleTrade at #51, in ForexBrokers.com's Trading Platforms and Tools category, though both receive a respectable rating of four stars out of five.
| Feature |
RoboForex
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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.
Both RoboForex and TeleTrade offer versatile mobile trading apps compatible with iPhone and Android devices, providing traders with a seamless experience on the go. These apps cater to both stock and forex traders with features such as price alerts, drawing tools for trendlines, and multiple time frame views for chart analyses. However, they lack the ability to sync watchlist symbols between the mobile app and the online account. RoboForex stands out with 30 technical studies available within its app, whereas TeleTrade edges ahead slightly with 35 technical studies.
Despite RoboForex and TeleTrade both allowing users to create watchlists with real-time quotes and enabling auto-saving of chart drawings, they differ in their app ranking. RoboForex received a commendable four-star rating but ranks #43 out of 62 brokers according to ForexBrokers.com. In contrast, TeleTrade also holds a four-star rating yet ranks higher at #25. This indicates a preference for TeleTrade's mobile trading app among users, despite the similar feature set shared with RoboForex's offering.
| Feature |
RoboForex
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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.
Both RoboForex and TeleTrade offer traders valuable daily market commentary and provide forex news from reputable sources like Bloomberg and Reuters. However, while both brokers do not provide technical analysis tools from Autochartist, RoboForex sets itself apart by offering tools from Trading Central, enhancing its analytics capabilities. On the other hand, neither broker provides sentiment-based trading tools or partners with TipRanks for market research.
RoboForex also distinguishes itself by offering research tools from Acuity Trading, missing in TeleTrade's offerings. Both platforms provide an economic calendar for tracking global news events. Despite the differences in available tools, both brokers are rated similarly for research with 3.5 stars. In ForexBrokers.com's rankings, RoboForex holds the 37th spot, narrowly edging out TeleTrade, which stands at 38th among 62 brokers evaluated in the Research category.
| Feature |
RoboForex
|
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 | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at RoboForex and TeleTrade, it's clear that both online brokers are on similar footing. Neither RoboForex nor TeleTrade meets the benchmark of offering a minimum of ten educational pieces focused on forex or CFDs, such as articles, videos, or archived webinars. Furthermore, both brokers do not provide a monthly schedule of online educational webinars or maintain a searchable archive of past webinars for their clients. For traders seeking beginner educational videos, neither platform offers a dedicated selection of at least ten videos tailored for those just starting their trading journey.
In terms of more advanced educational materials, both RoboForex and TeleTrade fall short by not providing ten advanced educational videos for experienced traders. An investor dictionary with comprehensive definitions is also missing from both brokers, as neither offers a collection of at least fifty investing terms. Despite these limitations, both RoboForex and TeleTrade receive a rating of 3.5 stars for their educational offerings. According to ForexBrokers.com, RoboForex is ranked 56th out of 62 brokers for education, slightly outperforming TeleTrade, which holds the 61st position in this category.
| Feature |
RoboForex
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| 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 RoboForex is better than TeleTrade. RoboForex finished with an overall rank of #46, while TeleTrade finished with an overall rank of #50.
RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.
| Feature |
RoboForex
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TeleTrade
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| Overall Rating |
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| Trust Score | 73 | 71 |
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Both RoboForex and TeleTrade provide options for trading cryptocurrency derivatives but do not offer the ability to purchase actual cryptocurrencies directly.
RoboForex supports a wider range of deposit and withdrawal options compared to TeleTrade, including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas TeleTrade lacks support for ACH, SEPA, and PayPal, but does offer Skrill, Visa, Mastercard, and bank wires.
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 | RoboForex | TeleTrade | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | TeleTrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | RoboForex | TeleTrade | |
|---|---|---|---|
| Trust Score | 73 | 71 | |
| Year Founded | 2009 | 1994 | |
| 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 | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | RoboForex | TeleTrade | |
|---|---|---|---|
| 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 | RoboForex | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 500 | |
| Forex Pairs (Total) | 28 | 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 | RoboForex | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | 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 | RoboForex | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | No | 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 | RoboForex | 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 | RoboForex | TeleTrade | |
|---|---|---|---|
| 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 | 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 | RoboForex | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | RoboForex | 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 | RoboForex Review |
| Overall | RoboForex | TeleTrade | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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