Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill, established in 2014, is a notable online broker with a Trust Score of 86 from ForexBrokers.com, signifying a strong level of trust. Although it is not publicly traded or a bank, Tickmill stands out with two Tier-1 licenses and two Tier-2 licenses, offering clients added security and reliability in their online trading experiences.
In contrast, TeleTrade, which has been serving traders since 1994, holds a Trust Score of 71, indicating an average risk according to ForexBrokers.com. Like Tickmill, TeleTrade is neither publicly listed nor a banking institution. It holds one Tier-1 license but lacks Tier-2 licenses, which may present additional considerations for those evaluating their brokerage options.
| Feature |
Tickmill
|
TeleTrade
|
|---|---|---|
| Year Founded | 2014 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing online brokers Tickmill and TeleTrade for their commissions and fees, Tickmill stands out with its competitive offerings. Tickmill provides two main types of accounts: the Classic account and the Raw account. The Classic account is commission-free, meaning traders pay solely on the bid/ask spread, which averages at 1.76 pips as of August 2023. The Raw account, previously known as the Pro account, has a per-side commission of $3, amounting to $6 per standard lot. Despite a recent increase in commission costs, the Raw account maintains highly competitive spreads and a low all-in trading cost—0.71 pips all-in cost for EUR/USD—making it a preferred option for active traders. Additionally, the Raw account offers a low entry point of $100 and excellent execution policies suitable for algorithmic trading.
In contrast, TeleTrade does not provide detailed average spread data, which can be a significant consideration for potential traders looking to assess total trading costs. Thus, potential customers may lack the necessary transparency to accurately evaluate TeleTrade's full pricing structure. While TeleTrade still offers competitive fees in general, it ranks lower in terms of commissions and fees compared to Tickmill, particularly when considering the average all-in costs associated with each broker's account types.
Tickmill is highly regarded, earning a 5-star rating for commissions and fees and ranking 4th out of 62 brokers reviewed by ForexBrokers.com. TeleTrade, while respectable with a 4-star rating, ranks significantly lower at 46th. These rankings highlight Tickmill's strength in providing cost-effective trading options, particularly for those engaged in high-volume trading, where the impact of fees is more pronounced.
| Feature |
Tickmill
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | 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.
Tickmill and TeleTrade both offer forex trading as either CFDs or spot contracts, providing options for traders interested in currency markets. Tickmill takes the lead with 725 tradeable symbols and 63 forex pairs, slightly outpacing TeleTrade's 500 symbols and 61 forex pairs. Neither platform facilitates the direct purchase of exchange-traded securities or actual cryptocurrencies, focusing instead on derivatives and CFD options, which may suit traders who focus more on leveraged products. Both brokers also support copy trading, making them attractive for investors looking to mirror experienced traders' strategies.
Despite these offerings, both Tickmill and TeleTrade receive an equal rating of 3.5 stars for their range of investments. Rankings by ForexBrokers.com place Tickmill at #42 and TeleTrade at #45 out of 62 brokers in the category. These positions point to a solid yet competitive standing in their investment offerings. Ultimately, the choice between the two may depend on your specific needs for trading symbols and forex pairs, or your preference for a platform's additional features like copy trading capabilities.
| Feature |
Tickmill
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 500 |
| Forex Pairs (Total) | 63 | 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.
Both Tickmill and TeleTrade offer a range of trading platforms and tools designed to meet the diverse needs of traders. Whether you prefer using a desktop, a web-based platform, or want the flexibility to practice with a demo account, both brokers have you covered. They support popular platforms like MetaTrader 4 and MetaTrader 5, ensuring a familiar trading experience. While neither broker offers a proprietary platform, they both come equipped with essential features like direct trading from stock charts and support for copy trading, although ZuluTrade is only available with TeleTrade.
When assessing charting capabilities, both Tickmill and TeleTrade provide 15 drawing tools, enabling traders to perform detailed technical analysis. In terms of watch lists, traders will find 7 fields for columns with both brokers, giving enough space to track important data. Despite these similarities, Tickmill edges out in ranking, positioned at #32 compared to TeleTrade's #51, according to ForexBrokers.com. Nevertheless, both brokers share the same solid 4-star rating in the Trading Platforms and Tools category, making them competitive choices for traders prioritizing these aspects.
| Feature |
Tickmill
|
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.
When comparing the mobile trading apps from Tickmill and TeleTrade, both brokers offer convenient solutions for traders using iPhones and Android devices. Their apps provide essential features such as stock and forex price alerts and the ability to draw trendlines on charts. Both also offer real-time quotes for watchlists that you can easily create within their apps. However, neither broker offers the option for watchlist symbol syncing, meaning changes made on your mobile app won't automatically update your online account watchlist, and vice versa.
In terms of charting tools, Tickmill and TeleTrade are quite comparable, although TeleTrade edges out with 35 technical studies compared to Tickmill's 30. Both platforms allow you to view charts in different time frames such as daily, weekly, or intraday, and they save your chart annotations automatically. In ForexBrokers.com's assessments, Tickmill is rated 4 stars and ranked at #31 among 62 brokers, while TeleTrade, also with a 4-star rating, has a slightly better rank at #25, reflecting a marginal edge in their mobile trading app offerings.
| Feature |
Tickmill
|
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.
When it comes to market research, both Tickmill and TeleTrade provide daily market commentary and access to forex news from recognized sources like Bloomberg and Reuters, catering to traders who seek insightful updates. However, Tickmill holds an edge with its sentiment-based trading tool, which offers an insightful view of market trends by showing the ratio of long or short positions across currency pairs. TeleTrade, on the other hand, lacks this tool, making Tickmill a more appealing choice for traders interested in sentiment analysis.
Both brokers fall short when it comes to offering technical analysis tools from companies like Autochartist or Trading Central. Furthermore, neither provides research from TipRanks. Tickmill distinguishes itself by offering research tools from Acuity Trading, such as Signal Centre, while TeleTrade does not. Additionally, Tickmill and TeleTrade both provide economic calendars that display global news events. Overall, Tickmill is rated higher with 4 stars and ranks as the 21st broker for research, compared to TeleTrade’s 3.5-star rating and 38th rank.
| Feature |
Tickmill
|
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.
For beginners exploring online trading platforms and looking for strong educational resources, Tickmill and TeleTrade offer quite different experiences. Tickmill exceeds expectations by providing an extensive range of learning materials, including over ten educational articles, videos, and archived webinars primarily focused on forex or CFDs. Additionally, Tickmill holds monthly webinars and archives them for future reference, making it easier for new traders to learn at their own pace. Beginners will also find a wealth of foundational knowledge in over ten video tutorials tailored just for them, as well as advanced content for further growth. A comprehensive investor dictionary with over 50 terms is an added bonus for those who aim to become familiar with trading vocabulary. Rated 4 out of 5 stars in education by ForexBrokers.com and ranked 15th out of 62 brokers, Tickmill clearly prioritizes education for traders of all levels.
On the other hand, TeleTrade does not match Tickmill's offerings, especially when it comes to educational support for novice traders. While TeleTrade provides some resources, it falls behind Tickmill by not meeting the minimum requirement of ten educational pieces focused on forex or CFDs. It also lacks regular webinars and a searchable archive of past webinar sessions. In terms of video content, TeleTrade does not provide sufficient beginner or advanced tutorials. The absence of a comprehensive investor dictionary further limits the learning experience for newcomers. With an education rating of 3.5 stars and a relatively low rank of 61 out of 62 brokers, TeleTrade may not be the first choice for those seeking substantial educational support to kickstart their trading journey.
| Feature |
Tickmill
|
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 Tickmill is better than TeleTrade. Tickmill finished with an overall rank of #22, while TeleTrade finished with an overall rank of #50.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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TeleTrade
|
|---|---|---|
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| Trust Score | 86 | 71 |
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Both Tickmill and TeleTrade do not offer the ability to purchase actual delivered cryptocurrency, but they both provide options to trade cryptocurrency derivatives.
When comparing online brokers Tickmill and TeleTrade, Tickmill supports PayPal, Skrill, Visa, Mastercard, and bank wire transfers for funding options but lacks ACH or SEPA transfer capabilities, while TeleTrade offers Skrill, Visa, Mastercard, and bank wire transfers but does not support PayPal, ACH, or SEPA transfers for depositing or withdrawing account 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 | Tickmill | TeleTrade | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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| Regulation | Tickmill | TeleTrade | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2014 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 500 | |
| Forex Pairs (Total) | 63 | 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 | Tickmill | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review |
| Overall | Tickmill | TeleTrade | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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