Written by ForexBrokers.com
In this head to head comparison of Vantage 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 choosing between online brokers Vantage and TeleTrade, understanding their regulatory standings can help inform your decision. Founded in 2009, Vantage holds 2 Tier-1 licenses, indicating a high level of trust, and 1 Tier-2 license, marking it as a trusted entity. With a Trust Score of 90 from ForexBrokers.com, Vantage is seen as highly trustworthy, offering peace of mind to its clients despite not being publicly traded or a bank.
On the other hand, TeleTrade, which has been in business since 1994, secures 1 Tier-1 license but lacks Tier-2 licenses. Its Trust Score of 71 reflects an average level of risk according to ForexBrokers.com. Like Vantage, TeleTrade is not publicly traded and does not operate as a bank, but its regulatory profile suggests a slightly higher risk compared to its competitor.
| Feature |
Vantage
|
TeleTrade
|
|---|---|---|
| Year Founded | 2009 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When looking at commissions and fees between Vantage and TeleTrade, Vantage offers a clearer breakdown. Vantage provides three different account types: the Standard STP account, featuring only spreads, and two ECN accounts—RAW and PRO—that are commission-based. The Standard account lists a spread of about 1.30 pips on the EUR/USD pair. The RAW ECN account has more competitive pricing with an average spread of 0.15 pips and a commission of $6 per round turn, totaling approximately 0.75 pips. The PRO account stands out with a lower commission fee of $4 per round turn, making it the most economical choice for those who can meet its account opening requirements.
TeleTrade, on the other hand, does not provide detailed average spread data, which can make it challenging for traders to gauge their potential trading costs accurately. Vantage has an active trader program with rebates from $2 to $8 per standard lot based on balance and trading volume, but this is limited to the Standard account. In terms of ratings for commissions and fees, Vantage is rated 4.5 stars, highlighting its competitive offerings, while TeleTrade has a slightly lower rating of 4 stars.
In ranked comparisons, Vantage is placed at #19 among 62 brokers on ForexBrokers.com, showcasing its strong position in the market regarding account costs and pricing structure. TeleTrade, by contrast, is ranked #46, indicating it has more limited offerings in this specific area. Overall, for those who prioritize clear pricing and competitive trading costs, Vantage appears to provide more appealing options than TeleTrade.
| Feature |
Vantage
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | 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.
Vantage and TeleTrade both offer forex trading as CFDs, making them attractive options for traders interested in this popular market. Vantage provides access to a comprehensive array of 1000 tradeable symbols, while TeleTrade offers 500. Specifically focusing on forex pairs, TeleTrade takes the lead with 61 options compared to Vantage's 57. Regarding access to exchange-traded securities, neither platform offers the ability to purchase actual shares on U.S. or international exchanges, such as Apple or Vodafone. However, both Vantage and TeleTrade do provide options for copy trading, allowing users to mimic the strategies of successful traders, enhancing the overall trading experience.
When it comes to cryptocurrency offerings, neither Vantage nor TeleTrade allows for the purchase of actual cryptocurrencies. However, they both facilitate trading in cryptocurrency derivatives, offering traders a variety of options without owning the underlying asset. Despite these features, both brokers receive a middling rating of 3.5 stars for their range of investments. In ForexBrokers.com's rankings, TeleTrade slightly edges out Vantage, being positioned at number 45 compared to Vantage's 50 out of 62 brokers evaluated. This positioning indicates that while both brokers have competitive offerings, there is room for improvement, especially compared to other platforms in the market.
| Feature |
Vantage
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 500 |
| Forex Pairs (Total) | 57 | 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.
When comparing online brokers Vantage and TeleTrade in terms of their trading platforms and tools, both offer a comprehensive suite to accommodate various trading needs. Importantly, both brokers provide simulated trading through free virtual demo accounts, allowing traders to practice risk-free. While both Vantage and TeleTrade offer Windows-based desktop and web-based trading platforms, Vantage stands out with its proprietary platform developed in-house. Both brokers support popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and offer copy trading capabilities. However, Vantage offers additional features like DupliTrade alongside ZuluTrade, whereas TeleTrade only supports ZuluTrade. Both brokers provide an equal number of drawing tools for charting and allow trading directly from stock charts, though specific numbers on technical indicators aren’t disclosed.
In terms of customization, Vantage and TeleTrade each offer seven columns for watch list management, facilitating effective tracking of market data. Despite sharing a similar feature set and receiving a four-star rating for their trading platforms and tools, Vantage has a distinct advantage in broker rankings. According to ForexBrokers.com, Vantage is ranked 15th out of 62 for its trading platforms and tools, significantly ahead of TeleTrade, which holds the 51st position. This suggests that while both platforms are capable, Vantage may provide a more sophisticated and preferable trading experience for some users.
| Feature |
Vantage
|
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 | Yes | No |
| ZuluTrade | Yes | 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.
Vantage and TeleTrade both offer mobile trading apps compatible with iPhone and Android devices, making it easy for traders to access the market on the go. Both platforms provide important features such as stock and forex price alerts and the capability to create watchlists with real-time quotes. A significant aspect is their support for drawing trendlines on charts and viewing various time frames like daily or intraday, providing traders with flexibility in analyzing market data. However, neither platform supports the syncing of watchlist symbols across the mobile app and online accounts, which might be a limitation for some users.
When it comes to technical analysis tools, Vantage's app offers 30 technical studies, while TeleTrade slightly edges out with 35. Both apps ensure that any chart drawings are automatically saved, providing continuity between sessions. In terms of ratings, both Vantage and TeleTrade receive 4 out of 5 stars for their mobile trading apps. Interestingly, in a ranking of 62 brokers by ForexBrokers.com, TeleTrade is positioned at #25, just ahead of Vantage at #26, suggesting that while both apps are comparable, TeleTrade has a slight lead in overall preference among users.
| Feature |
Vantage
|
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 Vantage and TeleTrade provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed. However, Vantage takes the edge by offering additional research tools from Trading Central, including Technical Analytics, which TeleTrade lacks. This makes Vantage more attractive for traders looking for advanced analysis tools. Furthermore, Vantage enhances its offerings with a sentiment-based trading tool that provides insights into the ratio of long or short positions across various currency pairs, a feature that TeleTrade does not provide.
Both platforms feature an economic calendar showcasing important global news events, keeping traders prepared for future market movements. Despite some overlaps in offerings, Vantage's comprehensive toolset has earned it a higher research rating of 4 out of 5 stars, compared to TeleTrade's 3.5 stars. Additionally, Vantage holds a more favorable position, ranking 24th out of 62 brokers, while TeleTrade comes in at 38th according to ForexBrokers.com. This indicates that Vantage may offer a more enriched research experience for users seeking thorough market insights.
| Feature |
Vantage
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, Vantage offers a comprehensive selection far surpassing that of TeleTrade. Vantage provides a minimum of ten educational pieces focused on forex or CFDs, supporting traders with articles, videos, and archived webinars. They also conduct monthly online educational webinars, accessible to clients, and maintain a searchable archive of these past sessions. Notably, Vantage ensures that novices have ample resources at their disposal with over ten beginner-focused videos that cover essential trading topics.
In contrast, TeleTrade falls short in providing similar educational support, lacking the minimum required resources and without monthly webinars or archived sessions for reference. While they do have educational offerings, they do not match Vantage’s extensive collection. Vantage furnishes both beginner and advanced traders with a wide array of video content and an investor dictionary featuring over 50 investing terms. This extensive range of educational tools is reflected in Vantage's four-star education rating and its #27 ranking out of 62 brokers by ForexBrokers.com, whereas TeleTrade ranks lower with 3.5 stars and stands at #61.
| Feature |
Vantage
|
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 Vantage is better than TeleTrade. Vantage finished with an overall rank of #26, while TeleTrade finished with an overall rank of #50.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 71 |
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Both Vantage and TeleTrade do not allow the purchase of actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives.
While both Vantage and TeleTrade lack support for ACH or SEPA transfers, Vantage distinguishes itself by offering PayPal alongside the commonly accessible Skrill, Visa, Mastercard, and bank wire transfer options, whereas TeleTrade provides only Skrill, Visa, Mastercard, and bank wire transfers for account funding.
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 | Vantage | TeleTrade | |
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| Trust Score | 90 | 71 | |
| Winner | check_circle | ||
| Review | Vantage Review |
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| Regulation | Vantage | TeleTrade | |
|---|---|---|---|
| Trust Score | 90 | 71 | |
| Year Founded | 2009 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Vantage | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Vantage | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Vantage | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 500 | |
| Forex Pairs (Total) | 57 | 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 | Vantage | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | Vantage | 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 | Yes | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | Vantage | 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 | Vantage | 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 | Vantage | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | 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 | Vantage | 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 | Vantage Review |
| Overall | Vantage | TeleTrade | |
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| Trust Score | 90 | 71 | |
| Winner | check_circle | ||
| Review | Vantage Review |
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