Written by ForexBrokers.com
In this head to head comparison of Trading 212 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.
Trading 212, founded in 2004, and TeleTrade, established in 1994, are both online brokers operating without being listed on a stock exchange or functioning as banks. When it comes to regulatory credentials, Trading 212 holds two Tier-1 licenses, which is a sign of being highly trusted, while TeleTrade holds one such license. Trading 212 has a Trust Score of 79 from ForexBrokers.com, placing it in the average risk category. On the other hand, TeleTrade scores a 71, also categorizing it as average risk according to the same source.
Neither Trading 212 nor TeleTrade possesses any Tier-2 licenses. Their Trust Scores and license holdings provide some insight into their level of trust and regulatory standing. While Trading 212 and TeleTrade are quite comparable in terms of overall risk assessment, Trading 212 edges out with an additional Tier-1 license, offering a slight regulatory advantage over TeleTrade.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Year Founded | 2004 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing Trading 212 and TeleTrade based on their commissions and fees, both brokers offer unique features tailored to different trading needs. Trading 212 provides two types of accounts: the Invest account for trading shares and the CFD account for trading contracts for difference (CFDs). Focusing on the CFD account, Trading 212 stands out for its low entry barrier with a minimum deposit requirement of just 10 euros. While it promotes zero-commission trading, it's important to note that traders will still incur costs through spreads. For instance, Trading 212's average spread for the popular EUR/USD currency pair was 1.9 pips in January 2024, which is on the higher side compared to the industry standard. Despite this, Trading 212 has been rated 4 out of 5 stars for commissions and fees, ranking 43rd out of 62 brokers on ForexBrokers.com.
On the other hand, TeleTrade presents a less transparent fee structure as it does not publish average spread data. This can make it challenging for traders to evaluate potential costs accurately. Nonetheless, TeleTrade matches Trading 212 in terms of user ratings, earning 4 out of 5 stars for commissions and fees. However, it is positioned slightly lower, with a rank of 46th out of 62 brokers according to ForexBrokers.com.
In summary, while both Trading 212 and TeleTrade offer competitive ratings for their commissions and fees, Trading 212's higher transparency in publishing spread data and slightly better ranking could be appealing to traders who prioritize pricing details. TeleTrade, although similarly rated, may present more uncertainties regarding cost assessment due to the lack of published spread information.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | €10 | $100 |
| Average Spread EUR/USD - Standard | 1.9 | N/A |
| All-in Cost EUR/USD - Active | 1.9 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
Trading 212 and TeleTrade both offer forex trading as CFDs, providing options to those interested in currency markets. However, Trading 212 stands out with an impressive 8,025 tradeable symbols compared to TeleTrade's 500. When it comes to forex pairs, Trading 212 features a more extensive selection of 146 pairs, in contrast with TeleTrade’s 61. Additionally, Trading 212 provides clients with the opportunity to invest in exchange-traded securities from both U.S. and international markets, allowing purchase of shares such as Apple on Nasdaq and Vodafone on the London Stock Exchange. TeleTrade, on the other hand, does not offer access to exchange-traded securities on either of these markets.
While neither broker allows the purchase of actual cryptocurrencies, both offer the ability to trade cryptocurrency derivatives. Trading 212 does not support copy trading, whereas TeleTrade caters to this investment strategy. Trading 212 scores a full 5 stars for its range of investments, markedly outpacing TeleTrade's rating of 3.5 stars. In a ForexBrokers.com ranking, Trading 212 holds the 15th spot out of 62 brokers for its investment range, while TeleTrade falls behind at the 45th position. With a broader selection of tradeable assets and market access, Trading 212 offers a more expansive investing environment than TeleTrade.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8025 | 500 |
| Forex Pairs (Total) | 146 | 61 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Both Trading 212 and TeleTrade provide traders with the opportunity to practice their strategies through simulated trading using free virtual demo accounts. Trading 212 offers a proprietary, in-house developed platform that operates via the web, allowing users to trade directly from stock charts with a selection of 20 drawing tools. Despite not offering desktop applications or popular platforms like MetaTrader 4 and 5, Trading 212 boasts an intuitive web-based interface with five customizable fields for watch lists.
In contrast, TeleTrade provides a variety of platform options, including a Windows-based desktop platform and access to MetaTrader 4 and 5, making it appealing for traditional traders who prefer these established environments. TeleTrade also facilitates social trading through copy trading and ZuluTrade, features not available with Trading 212. While their web-based platform similarly allows trading directly from charts and provides 15 drawing tools, the platform includes seven customizable watch list fields for a slightly more detailed overview. Despite differences in platform offerings, both brokers receive a competitive rating of four stars for their trading platforms and tools performance, with Trading 212 ranked significantly higher at #21 compared to TeleTrade's #51 in the ForexBrokers.com ranking of 62 brokers.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | 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) | 54 | 35 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trading 212 and TeleTrade provide mobile apps for iPhone and Android users, making it easy to trade on the go. These apps are well-equipped with features such as stock and forex price alerts and the ability to create watchlists with real-time quotes. While both brokers enable users to draw trendlines and view multiple time frames on charts, there are some notable differences in their offerings. Trading 212, for example, stands out with a significantly higher number of technical studies available—104 compared to TeleTrade's 35—and provides the convenience of watchlist symbol syncing between the mobile app and users' online accounts, a feature not available with TeleTrade.
In terms of user ratings, both brokers score 4 out of 5 stars for their mobile trading apps. However, when it comes to rankings by ForexBrokers.com, Trading 212 ranks higher at 17th place out of 62 brokers, while TeleTrade comes in at 25th. This difference can largely be attributed to the enhanced features and a more comprehensive charting toolset offered by Trading 212. Overall, both platforms cater well to mobile traders, but Trading 212 offers a slightly more feature-rich experience.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 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 offerings, Trading 212 and TeleTrade each present distinct advantages. TeleTrade provides daily market commentary, helping traders stay engaged with the latest market trends, while Trading 212 does not offer this feature. Both brokers deliver forex news from renowned sources such as Bloomberg and Reuters, ensuring traders are kept informed with credible updates. Neither offers tools from companies like Autochartist or Trading Central, which might limit the depth of technical or fundamental analysis provided. However, Trading 212 stands out with a sentiment-based trading tool that reveals the ratio of long or short positions in various instruments—a feature not available with TeleTrade.
Both Trading 212 and TeleTrade include an economic calendar to help clients track significant global news events, although neither broker deploys research tools from Acuity Trading. Despite these similarities, the brokers receive identical research ratings of 3.5 stars; however, they differ in their rankings on ForexBrokers.com, with TeleTrade slightly ahead at 38th position compared to Trading 212's 46th, out of 62 brokers evaluated. This suggests a marginal edge for TeleTrade in the research capabilities, according to external assessments.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | No | 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 offered for beginners by Trading 212 and TeleTrade, Trading 212 clearly stands out. Trading 212 provides a wealth of materials, like articles and videos covering topics on forex and CFDs, catering to both novice and advanced traders. Additionally, they conduct monthly client webinars and offer access to an archive of these sessions, providing learners with the flexibility to explore at their own pace. The platform even includes a comprehensive investor dictionary to aid in learning essential investing terms, equipping beginners with the necessary tools to kick-start their trading journey.
On the other hand, TeleTrade falls short in its educational offerings. It does not meet the minimum requirement for educational materials focused on forex or CFDs, nor does it offer regular client webinars or a recording archive. Furthermore, TeleTrade lacks an extensive selection of beginner-friendly videos and an investor dictionary. These limitations place TeleTrade near the bottom of the ForexBrokers.com rankings for education, while Trading 212 sits comfortably higher, despite both receiving an equal 3.5-star rating. This ranking reflects the broader and more comprehensive learning resources made accessible by Trading 212, making it a preferred choice for those keen on building their trading knowledge from the ground up.
| Feature |
Trading 212
|
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 Trading 212 is better than TeleTrade. Trading 212 finished with an overall rank of #31, while TeleTrade finished with an overall rank of #50.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 71 |
| Range of Investments |
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Both Trading 212 and TeleTrade provide the option to invest in cryptocurrency derivatives, rather than the actual underlying assets.
In comparing online brokers Trading 212 and TeleTrade, Trading 212 supports ACH or SEPA transfers, PayPal, and both Visa or Mastercard alongside bank wires for fund transactions, while TeleTrade, which does not allow ACH, SEPA, or PayPal options, provides fund withdrawals and deposits via 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 | Trading 212 | TeleTrade | |
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| Trust Score | 79 | 71 | |
| Winner | check_circle | ||
| Review | Trading 212 Review |
| Broker Screenshots | Trading 212 | TeleTrade | |
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| Regulation | Trading 212 | TeleTrade | |
|---|---|---|---|
| Trust Score | 79 | 71 | |
| Year Founded | 2004 | 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | 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) | Trading 212 | 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 | Trading 212 | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8025 | 500 | |
| Forex Pairs (Total) | 146 | 61 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Trading 212 | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.9 | N/A | |
| All-in Cost EUR/USD - Active | 1.9 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | €10 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Trading 212 | 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 | Trading 212 | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 54 | 35 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | TeleTrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 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 | Trading 212 | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | No | 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 | Trading 212 | 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 | Trading 212 | 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 | Trading 212 Review |
| Overall | Trading 212 | TeleTrade | |
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| Trust Score | 79 | 71 | |
| Winner | check_circle | ||
| Review | Trading 212 Review |
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