Written by ForexBrokers.com
In this head to head comparison of Spreadex 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 Spreadex and TeleTrade, both are privately held companies founded in the late 1990s, with Spreadex established in 1999 and TeleTrade in 1994. Neither is publicly traded or operates as a bank, which may influence investor confidence differently. Regulatory compliance is a crucial factor for both, as each holds one Tier-1 license indicating a high level of trust from ForexBrokers.com. However, neither firm possesses any Tier-2 licenses, implying limited regulatory coverage.
Both brokers share an identical ForexBrokers.com Trust Score of 71 out of 99, placing them in the average risk category. This rating suggests they are moderately reliable, though not at the top of the scale for security and trust. Understanding these factors can help potential investors make informed decisions about using Spreadex or TeleTrade for their online trading activities.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 0 |
When comparing the commission and fee structures of online brokers Spreadex and TeleTrade, distinct differences emerge despite their identical star ratings. Spreadex offers a crystal-clear insight into its costs, boasting an average spread of 0.81 pips for the EUR/USD currency pair as recorded in January 2024. Impressively, the broker provided a minimum spread of 0.6 pips 60% of the time throughout the month, offering potential traders a predictable cost framework. In contrast, TeleTrade does not have available average spread data, which makes it less transparent when evaluating how competitive they are in terms of pricing.
Both brokers received a 4-star rating for commissions and fees according to ForexBrokers.com. However, Spreadex secures a higher standing, placed at #30 out of 62 brokers in this category, highlighting greater consistency and reliability in its fee structure. TeleTrade, while still retaining a respectable 4-star rating, ranks lower at #46, reflecting its relatively less distinguishable position in the market when weighed against its peers.
Potential traders considering either broker should evaluate the implications of these rankings and data points. Spreadex, with its predictable spreads, may be more appealing to those who prioritize transparency and consistency in their trading costs. Meanwhile, TeleTrade, without clear average spread data, might appeal to traders who prioritize other features or who have previous experience trading in ways where spreads aren't the primary concern.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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.
Spreadex and TeleTrade both provide forex trading as a CFD, allowing users to explore currency trading without directly owning the assets. Spreadex stands out with over 10,000 tradeable symbols, offering a diverse array of options for traders. Despite having fewer overall tradeable symbols at 500, TeleTrade offers a slightly higher number of forex pairs, totaling 61 compared to Spreadex’s 52. Both brokers fall short in providing the option to purchase actual securities on U.S. or international exchanges, suggesting a focus on CFD trading rather than direct stock investment. Additionally, neither offers the purchase of actual cryptocurrencies; however, they both allow investing in cryptocurrency derivatives.
While Spreadex does not support copy trading, an appealing feature for those who prefer following successful trading strategies, TeleTrade does offer this service, effectively catering to novices or those who wish for a more passive trading experience. Given its broader range of investments, Spreadex has been awarded 5 stars and ranks #13 out of 62 brokers for Range of Investments. In contrast, TeleTrade has earned a 3.5-star rating, placing it lower at #45. This reflects a noticeable difference in the breadth and depth of available investment opportunities between the two brokers.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 52 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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). | 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.
When comparing the trading platforms and tools of Spreadex and TeleTrade, it's clear that each caters to different trader preferences. Spreadex provides its own proprietary platform for users who prefer a unique trading experience, while TeleTrade offers the popular MetaTrader 4 and 5 platforms, adding versatility for traders familiar with these interfaces. TeleTrade also supports a wider range of features like a Windows-based desktop platform and copy trading options such as ZuluTrade, making it a suitable choice for traders seeking extensive compatibility and collaborative trading opportunities. Meanwhile, both brokers offer web-based platforms, direct trading from stock charts, and a similar number of options for customizing watchlists, although Spreadex provides more columns for organizing fields.
For those interested in practicing their strategies without financial risk, TeleTrade offers a virtual demo account, a feature not available with Spreadex. However, Spreadex provides a solid selection of drawing tools, though TeleTrade edges ahead with slightly more options. Despite these differences, both platforms are equally rated at four stars for their trading tools and platforms, indicating a balanced trading experience for users. In rankings, Spreadex positions slightly higher than TeleTrade, indicating a competitive edge in its offerings for certain trading styles despite lacking in simulated trading options. Each broker provides valuable tools tailored to different trader needs, with the choice ultimately depending on individual priorities around platform familiarity and available features.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | No | 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) | 55 | 35 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Spreadex and TeleTrade, both platforms cater to users on iPhone and Android devices, offering convenience and accessibility across these major operating systems. Each app provides price alerts and the ability to draw trendlines and view multiple time frames on charting tools. While TeleTrade takes a step ahead with the inclusion of 35 technical studies for charting and auto-saving chart drawings, Spreadex does not offer these features. Both platforms enable the creation of watchlists with real-time quotes, though neither supports watchlist symbol syncing, meaning that changes made on the mobile app do not sync with those on the online account.
In terms of user ratings, both Spreadex and TeleTrade achieve strong ratings of four out of five stars for their mobile trading apps. However, according to ForexBrokers.com, TeleTrade holds a higher rank compared to Spreadex, positioned at #25 out of 62 brokers, while Spreadex is ranked as #49. This reflects a slightly greater market confidence and functionality perceived by users and reviewers alike towards TeleTrade's mobile offering. Whether you're keen on technical studies or seamless usability, both apps deliver a solid trading experience with unique strengths and limitations.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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 the market research offerings of online brokers Spreadex and TeleTrade, both provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, neither broker includes technical analysis or fundamental research tools from companies such as Autochartist or Trading Central. A notable distinction is that Spreadex offers a sentiment-based trading tool, helping traders gauge the market's long or short positions across various instruments, a feature not available with TeleTrade.
Additionally, both Spreadex and TeleTrade offer an economic calendar that highlights important global news events, aiding investors in staying informed of market movements. Neither broker, however, provides market research tools from TipRanks or Acuity Trading. In terms of research quality, Spreadex receives a commendable four-star rating and is ranked 31st out of 62 brokers in the Research category on ForexBrokers.com, while TeleTrade earns 3.5 stars and is positioned slightly lower at 38th.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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 available for beginners at Spreadex and TeleTrade, Spreadex stands out as the more helpful platform for those new to trading. Spreadex provides over 10 educational materials focused on forex and CFDs, including beginner-friendly videos that cover essential trading concepts. It also offers a comprehensive investor dictionary that defines more than 50 investing terms, making it a valuable resource for beginners looking to get familiar with trading jargon.
In contrast, TeleTrade falls short in providing a similar level of beginner education. While neither platform offers monthly webinars or archival access to past webinars, Spreadex's commitment to beginner education is evident through its range of accessible learning materials. As a result, Spreadex is rated higher at 4 stars for education compared to TeleTrade’s 3.5 stars, and it ranks significantly better, coming in 45th place out of 62 brokers according to ForexBrokers.com, while TeleTrade is positioned at 61st.
| Feature |
Spreadex
|
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 | 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 Spreadex is better than TeleTrade. Spreadex finished with an overall rank of #39, while TeleTrade finished with an overall rank of #50.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
| Range of Investments |
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Both Spreadex and TeleTrade provide the opportunity to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual delivered cryptocurrency.
In comparing the online brokers Spreadex and TeleTrade, both platforms offer Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but while neither supports ACH or SEPA transfers nor PayPal, only TeleTrade additionally provides Skrill as a withdrawal and deposit method.
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 | Spreadex | TeleTrade | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | TeleTrade | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | TeleTrade | |
|---|---|---|---|
| Trust Score | 71 | 71 | |
| Year Founded | 1999 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 52 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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). | 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 | Spreadex | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Spreadex | 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 | Spreadex | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 35 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 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 | Spreadex | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | 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 | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | TeleTrade | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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