Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Founded in 1996, Swissquote stands as a highly trusted online broker with a top-tier Trust Score of 99 out of 99, according to ForexBrokers.com. Being a publicly traded bank, Swissquote demonstrates remarkable security with five Tier-1 and one Tier-2 regulatory licenses, highlighting its commitment to providing safe and reliable services for its users.
In contrast, TeleTrade, established in 1994, has a Trust Score of 71, which indicates an average risk according to ForexBrokers.com. Unlike Swissquote, TeleTrade is not publicly traded and does not function as a bank. It holds one Tier-1 license, suggesting some trustworthiness, but without any Tier-2 licenses, it's relatively limited in its regulatory backing compared to Swissquote.
| Feature |
Swissquote
|
TeleTrade
|
|---|---|---|
| Year Founded | 1996 | 1994 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of Swissquote and TeleTrade, Swissquote offers the credibility of a Swiss banking conglomerate but at a higher trading cost that can't rival low-cost forex brokers. With Swissquote, the costs vary across its branches: the U.K., Switzerland, and Luxembourg. Swissquote’s U.K. entity has four account types, with the Elite account offering lower spreads for a $10,000 deposit, whereas the Prime account provides a minimum spread of 0.6 pips. Meanwhile, in Luxembourg, spreads range from 0.8 to 1.5 pips, depending on the account type. The Swiss branch, however, charges slightly higher spreads with a $1,000 deposit requirement for the Standard account and up to $50,000 for the Prime account.
TeleTrade, on the other hand, does not offer specific average spread data but outshines Swissquote in ratings. TeleTrade enjoys a rating of 4 stars for commissions and fees, whereas Swissquote's rating is 3.5 stars. Moreover, in the ForexBrokers.com ranking, TeleTrade secures the 46th position out of 62 brokers, reflecting more favorable cost considerations. Swissquote ranks 52nd, indicating relatively higher costs in comparison to its peers.
Overall, for traders who prioritize cost efficiency, TeleTrade may present a more attractive option due to its better ratings and higher positioning in industry rankings. Swissquote might appeal to those who value the strength of an established banking group and are willing to pay a premium for that association.
| Feature |
Swissquote
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | 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.
When comparing the range of investments offered by Swissquote and TeleTrade, Swissquote stands out with a wider array of options. Swissquote provides access to 472 tradeable symbols, including 80 forex pairs, and allows clients to directly invest in exchange-traded securities on both U.S. and international exchanges. They also offer the ability to purchase actual cryptocurrencies, not just derivatives. In contrast, TeleTrade offers 500 tradeable symbols, which include 61 forex pairs, but does not provide access to exchange-traded securities on U.S. or international exchanges, nor does it allow the purchase of actual cryptocurrencies.
Both Swissquote and TeleTrade offer forex trading through CFDs or spot contracts, and they support copy trading, catering to investors interested in these features. However, Swissquote's broader range of investment options has been highly rated, earning it a rating of 5 stars and a #2 rank for Range of Investments on ForexBrokers.com. In comparison, TeleTrade receives a 3.5-star rating and ranks #45 in the same category, indicating a smaller selection of investment opportunities for clients.
| Feature |
Swissquote
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 500 |
| Forex Pairs (Total) | 80 | 61 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 Swissquote and TeleTrade's trading platforms and tools, both brokers provide traders with a similar set of core features to enhance their trading experience. Each offers a free virtual demo account, allowing traders to practice without financial risk. Both Swissquote and TeleTrade support popular platforms like MetaTrader 4 and MetaTrader 5, and have web-based platforms for trading directly in a browser. Additionally, both brokers grant the capability for trading directly from stock charts and offer copy trading options. However, a notable distinction is Swissquote's proprietary platform, developed in-house, which TeleTrade lacks. Swissquote provides more tools for crafting strategies with 75 drawing tools compared to TeleTrade's 15. In terms of customization, Swissquote also allows for more detailed watch lists with 11 columns, whereas TeleTrade offers 7.
In terms of ratings and rankings, Swissquote stands out with a higher score, earning 4.5 stars for its trading platforms and tools, compared to TeleTrade’s 4 stars. This superiority is mirrored in their rankings by ForexBrokers.com, where Swissquote holds the 11th position out of 62 brokers, significantly ahead of TeleTrade, which ranks 51st. While TeleTrade offers the service of ZuluTrade, which Swissquote does not, this does not seemingly compensate enough to bridge the broader gap in platform features and customization options, making Swissquote a more favored choice for those seeking comprehensive trading tools.
| Feature |
Swissquote
|
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) | 86 | 35 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Swissquote and TeleTrade offer comprehensive features suitable for iPhone and Android users. Both apps provide convenient access to stock and forex price alerts and allow users to draw trendlines on charts while viewing multiple time frames like daily, weekly, and intraday. Users can also create watchlists with real-time quotes in both platforms. However, neither Swissquote nor TeleTrade supports watchlist symbol syncing, which means changes made on the app are not automatically reflected in the online account and vice versa. For those interested in technical analysis, TeleTrade edges out slightly with 35 charting technical studies compared to Swissquote's 30.
User satisfaction ratings reveal that Swissquote's app is slightly better received, with a rating of 4.5 stars out of five, as opposed to TeleTrade's 4-star rating. In terms of industry recognition, Swissquote ranks higher at number 10 among 62 brokers in the mobile trading apps category, as rated by ForexBrokers.com, while TeleTrade holds the 25th spot. Overall, both apps offer useful tools for traders on the go, yet Swissquote's higher ranking and user rating might influence those prioritizing app performance and reliability.
| Feature |
Swissquote
|
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.
In the realm of online brokerage market research, Swissquote and TeleTrade both provide essential daily market commentary and offer forex news sourced from prestigious outlets like Bloomberg and Reuters. A distinguishing feature is that Swissquote integrates technical analysis and fundamental research tools from Autochartist, a perk not available with TeleTrade. However, neither broker delivers tools from Trading Central, sentiment-based trading tools, or research from TipRanks and Acuity Trading.
For those reliant on economic calendars, both Swissquote and TeleTrade furnish up-to-date and forthcoming global news event schedules. In terms of ratings, Swissquote leads with a 4-star rating for research, standing at the 16th position out of 62 brokers per ForexBrokers.com. TeleTrade, with a rating of 3.5 stars, ranks 38th, reflecting a slight difference in the breadth and depth of market research tools and insights offered by these platforms.
| Feature |
Swissquote
|
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 | No | 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 forex and CFDs trading, Swissquote stands out compared to TeleTrade. Swissquote provides a comprehensive learning experience with over 10 educational pieces including articles, videos, and archived webinars specifically focused on forex and CFDs. Additionally, Swissquote hosts online educational webinars each month and maintains a searchable archive of these sessions, adding significant value for newcomers wanting to learn at their own pace. In contrast, TeleTrade does not meet the basic offering of 10 educational pieces centered on forex or CFDs, nor does it provide monthly webinars or an archive of recorded sessions.
Swissquote further enriches their educational offerings with a series of videos tailored for both beginners and advanced traders, boasting at least 10 beginner-level and 10 advanced-level videos. For beginners, this translates to a friendly learning path as they step into trading. Moreover, Swissquote includes an investor dictionary with over 50 terms, which aids new traders in understanding key concepts. Compared to TeleTrade, which lacks these structured video resources and an extensive investing dictionary, Swissquote receives a higher education rating of 4 stars to TeleTrade's 3.5 stars. In ranking terms, Swissquote is positioned at #21 among 62 brokers for educational resources, while TeleTrade is further down at #61, reflecting Swissquote's stronger commitment to educating its clients.
| Feature |
Swissquote
|
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 Swissquote is better than TeleTrade. Swissquote finished with an overall rank of #11, while TeleTrade finished with an overall rank of #50.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Swissquote stands out by offering the ability to buy actual (delivered) cryptocurrency along with cryptocurrency derivatives, whereas TeleTrade only provides access to cryptocurrency derivatives and does not support purchasing actual cryptocurrencies.
When comparing online brokers Swissquote and TeleTrade, Swissquote offers more diverse options for depositing and withdrawing account funds, including ACH or SEPA transfers and PayPal, whereas TeleTrade lacks these specific options but matches Swissquote in accepting Skrill, Visa or 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 | Swissquote | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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| Regulation | Swissquote | TeleTrade | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1996 | 1994 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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 | Swissquote | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 500 | |
| Forex Pairs (Total) | 80 | 61 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | Swissquote | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | Swissquote | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 35 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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