Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets and TeleTrade are both established online brokers, but they differ significantly in their trust ratings and regulatory standings. ThinkMarkets, founded in 2010, holds an impressive 92 Trust Score from ForexBrokers.com, making it a highly trusted choice. It is not a publicly traded company and does not operate as a bank, but it boasts strong regulatory credentials with five Tier-1 licenses and two Tier-2 licenses, reflecting a broad level of oversight.
TeleTrade, established earlier in 1994, has a Trust Score of 71, indicating an average risk level. Like ThinkMarkets, it is neither publicly traded nor a bank. However, its regulatory profile is less comprehensive, holding just one Tier-1 license and no Tier-2 licenses. This difference in regulation and trust scores may be a vital consideration for those evaluating the reliability and safety of these brokers.
| Feature |
ThinkMarkets
|
TeleTrade
|
|---|---|---|
| Year Founded | 2010 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When comparing online brokers ThinkMarkets and TeleTrade based on their commissions and fees, both are rated similarly for their pricing structures. ThinkMarkets is noted for its competitive fees and earns a commendable four-star rating in this category. However, it ranks slightly lower than TeleTrade, coming in at 48 out of 62 brokers reviewed by ForexBrokers.com. Despite the lack of specific average spread data, ThinkMarkets still stands as a reliable option for traders seeking reasonable fees.
TeleTrade, on the other hand, also receives a four-star rating for its commission and fee structure, performing a bit better in the rankings compared to ThinkMarkets, holding the 46th position out of 62 brokers analyzed by ForexBrokers.com. Like ThinkMarkets, detailed spread data isn't provided, but TeleTrade's consistent rating reflects its effectiveness in maintaining fair and attractive fee schedules for traders.
Overall, while both ThinkMarkets and TeleTrade provide competitive commission and fee structures with matching star ratings, TeleTrade slightly edges ahead in broker rankings. Both brokers offer traders a solid fee framework, making them suitable contenders in the online trading space.
| Feature |
ThinkMarkets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 evaluating ThinkMarkets and TeleTrade, two online brokers offering investment opportunities, it's essential to consider the variety of options each provides. ThinkMarkets stands out with a significant range of 4,000 tradeable symbols, overshadowing TeleTrade's 500. While both brokers feature forex trading as CFDs or spot contracts, ThinkMarkets provides 46 forex pairs compared to TeleTrade's 61. Neither broker offers exchange-traded securities on U.S. exchanges like Apple shares; however, ThinkMarkets allows trading on international exchanges such as the London Stock Exchange, while TeleTrade does not.
In terms of additional services, both brokers support copy trading and offer cryptocurrency derivatives, though neither provides access to actual, delivered cryptocurrencies. For their investment range, ThinkMarkets earns a higher rating with 4.5 stars and ranks #21 on ForexBrokers.com, placing well ahead of TeleTrade, which holds 3.5 stars and ranks #45. This detailed comparison highlights ThinkMarkets as a more diversified choice for those looking to explore a wide array of tradeable assets.
| Feature |
ThinkMarkets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 500 |
| Forex Pairs (Total) | 46 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Both ThinkMarkets and TeleTrade provide a comprehensive suite of trading platforms and tools, catering to diverse trading preferences. Traders can access simulated trading via free virtual demo accounts on both platforms. ThinkMarkets stands out with its proprietary trading platform, alongside offering popular platforms like MetaTrader 4 and MetaTrader 5, which are also available at TeleTrade. While both brokers offer Windows-based desktop and web-based trading platforms, TeleTrade goes a step further by providing access to ZuluTrade for those interested in copy trading, which ThinkMarkets does not offer. Both platforms support trading directly from stock charts and are equipped with 15 drawing tools for charting analysis.
In terms of technical features, ThinkMarkets provides a more extensive set-up with the capability to include up to 15 columns in watch lists, compared to TeleTrade, which supports seven. Both platforms are rated four stars for their trading platforms and tools. However, ThinkMarkets holds a higher rank at #27 compared to TeleTrade's #51 in the ForexBrokers.com ranking of 62 brokers. This suggests ThinkMarkets may offer a more comprehensive platform experience, although both serve as reliable options for traders seeking robust capabilities and tools.
| Feature |
ThinkMarkets
|
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) | 30 | 35 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and TeleTrade both provide accessible mobile trading apps for iPhone and Android users, offering essential features like stock and forex price alerts and the ability to draw trendlines on charts. Despite neither platform supporting watchlist symbol syncing, they both allow users to create watchlists with real-time quotes, offering a comprehensive trading experience. However, ThinkMarkets stands out with 94 technical studies for charting compared to TeleTrade's 35, providing users with a broader range of analytical tools in their app.
Both apps allow users to view different time frames on charts, and they ensure convenience by auto-saving chart drawings. In terms of user satisfaction, both apps have earned strong ratings, each receiving four out of five stars. Although ThinkMarkets ranks slightly higher at #20 compared to TeleTrade's #25 ForexBrokers.com ranking out of 62 brokers, both offer competitive and reliable mobile trading experiences.
| Feature |
ThinkMarkets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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.
ThinkMarkets and TeleTrade both provide essential market research tools and resources for traders, but there are key differences between the two. Both brokers offer daily market commentary as well as forex news from top-tier sources like Bloomberg and Reuters. However, when it comes to sentiment-based trading tools, ThinkMarkets takes the lead by offering a tool that shows the ratio of long or short positions across various currency pairs, a feature that TeleTrade does not provide. Additionally, ThinkMarkets provides research tools from Acuity Trading, such as Signal Centre, whereas TeleTrade does not offer any tools from this company. Both brokers fall short in providing technical analysis tools from Autochartist or Trading Central.
Although both ThinkMarkets and TeleTrade include an economic calendar that outlines global news events, their overall rating for research is the same, standing at 3.5 stars out of five. Interestingly, despite this similar rating, TeleTrade is ranked higher than ThinkMarkets in the Research category by ForexBrokers.com, holding the 38th spot out of 62 brokers compared to ThinkMarkets, which is ranked at #50. These distinctions are important for traders who are considering which platform best aligns with their research needs.
| Feature |
ThinkMarkets
|
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) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between ThinkMarkets and TeleTrade, it's clear that ThinkMarkets provides a more comprehensive resource pool. ThinkMarkets offers a variety of educational content, including at least 10 articles, videos, and archived webinars focused on forex and CFDs. Additionally, they conduct monthly client webinars and maintain a searchable archive for these sessions. Beginners also benefit from access to over 10 videos designed to simplify trading concepts and an investor dictionary featuring definitions of more than 50 terms. In contrast, TeleTrade does not provide these resources in the same depth or quantity, lacking a similar collection of educational content and regular webinars.
Despite offering similar ratings of 3.5 stars for education, ThinkMarkets ranks higher, positioned at #52 out of 62 brokers, compared to TeleTrade, which is ranked #61 according to ForexBrokers.com. ThinkMarkets's educational support extends to both beginner and advanced levels, with resources tailored specifically for each. TeleTrade, on the other hand, does not meet the minimum threshold for offering significant educational content in these areas, making ThinkMarkets a more suitable choice for individuals keen to deepen their market knowledge.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than TeleTrade. ThinkMarkets finished with an overall rank of #27, while TeleTrade finished with an overall rank of #50.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 71 |
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Both ThinkMarkets and TeleTrade do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to invest in cryptocurrency derivatives rather than the actual cryptocurrencies.
ThinkMarkets and TeleTrade both do not support ACH or SEPA transfers and PayPal for depositing or withdrawing funds, but they offer Skrill, Visa or Mastercard, and bank wire options for account transactions, providing flexible and widely accepted means for handling funds.
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 | ThinkMarkets | TeleTrade | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | ThinkMarkets | TeleTrade | |
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| Regulation | ThinkMarkets | TeleTrade | |
|---|---|---|---|
| Trust Score | 92 | 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 | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | 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) | No | 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) | ThinkMarkets | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | 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 | ThinkMarkets | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 500 | |
| Forex Pairs (Total) | 46 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | ThinkMarkets | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 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 | ThinkMarkets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | ThinkMarkets | 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 | ThinkMarkets | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 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 | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | 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 | ThinkMarkets | 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 | ThinkMarkets | 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 |
| Overall | ThinkMarkets | TeleTrade | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review |
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