Written by ForexBrokers.com
In this head to head comparison of XTB 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 comparing XTB and TeleTrade in terms of trust and regulation, several factors come into play. Founded in 2002, XTB is a publicly traded company, distinguishing it from TeleTrade, which was established in 1994 and is not publicly listed. Both are not banks, yet XTB commands a higher trust rating with a ForexBrokers.com Trust Score of 96 out of 99, categorizing it as highly trusted. In contrast, TeleTrade holds a Trust Score of 71, placing it at an average risk level.
Looking at regulatory credentials, XTB is reinforced by two Tier-1 and two Tier-2 licenses, contributing to its strong standing. TeleTrade, however, holds only one Tier-1 license and has no Tier-2 licenses. This comparison suggests a stronger regulatory framework for XTB, potentially offering peace of mind for those who prioritize regulatory trust in their online broker choice.
| Feature |
XTB
|
TeleTrade
|
|---|---|---|
| Year Founded | 2002 | 1994 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
XTB offers two main account types: a Standard account with spread-only pricing and a Professional account that was commission-based. It's important to note that the Professional account is mainly for clients in the U.K. and Europe who qualify as elected professionals and is being gradually phased out. XTB's overall pricing aligns with industry norms, but it does not compete with the very best in terms of pricing. With average forex spreads on the EUR/USD standing at 1 pip as of Q4 2023, XTB's Standard account is generally the better option for retail traders due to its lower costs for smaller trades, especially given the limited availability of the Professional account.
One of XTB's standout features is its active trader rebate program, known as the Lower Spread Group. This offers traders who meet certain monthly trading volumes a spread rebate ranging from 5% to as much as 30%, making it an attractive option for more active trading. With a starting deposit requirement of £250, €250, or $250, the Standard account provides a competitive entry point. XTB receives a 4.5-star rating for commissions and fees and is ranked 11th out of 62 brokers by ForexBrokers.com.
On the other hand, TeleTrade doesn't provide specific average spread data, which may be a concern for traders looking into precise cost analysis. With a slightly lower rating of 4 stars for commissions and fees, TeleTrade ranks 46th out of 62 brokers reviewed by ForexBrokers.com. This comparison suggests that while TeleTrade offers competitive options, XTB may provide more incentives and potentially cost-effective options for traders who qualify or engage in high-volume trading.
| Feature |
XTB
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | 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.
When comparing XTB and TeleTrade, XTB clearly stands out with a broader range of investments. XTB offers a staggering 7,184 tradeable symbols, significantly surpassing TeleTrade's 500. This diversity extends to forex pairs, with XTB providing 71 pairs compared to TeleTrade's 61. XTB also allows clients to invest in real exchange traded securities on both U.S. and international exchanges, enabling purchases such as Apple and Vodafone shares, whereas TeleTrade does not offer this option. Both brokers support forex trading through CFDs and offer cryptocurrency derivatives, but neither provides the option to buy actual, delivered cryptocurrencies.
In terms of additional features, TeleTrade has an edge with its copy trading facility, a feature unavailable on XTB. However, when it comes to overall investment range, XTB secures a rating of 5 stars and ranks 14th out of 62 brokers on ForexBrokers.com, showcasing a superior offering. In contrast, TeleTrade earns a 3.5-star rating and is placed at 45th, indicating that while competent, it doesn't match the extensive options provided by XTB. This makes XTB a compelling choice for those looking to diversify their investment portfolio with a wide array of assets and market opportunities.
| Feature |
XTB
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 500 |
| Forex Pairs (Total) | 71 | 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.
When comparing the trading platforms and tools of XTB and TeleTrade, both offer simulated trading through free virtual demo accounts, making them accessible for beginners wanting to practice. XTB stands out with its proprietary platform, developed in-house, providing a unique and customized experience. Both brokers offer Windows-based desktop download and web-based platforms, allowing flexibility in how traders can access the markets. However, XTB does not support popular platforms like MetaTrader 4 or 5, whereas TeleTrade does, appealing to traders who prefer these widely-used options. TeleTrade offers additional features such as copy trading and ZuluTrade, enhancing its appeal for those interested in mirroring successful trades.
XTB offers a comprehensive set of charting tools, boasting 32 drawing tools compared to TeleTrade’s 15. Both brokers facilitate trading directly from stock charts, providing seamless integration for users. Watch lists on XTB present eight columns for customization and monitoring, slightly more than TeleTrade’s seven. According to ratings and reviews, XTB excels with a 4.5-star rating in trading platforms and tools, placing it 9th among 62 competitors, whereas TeleTrade holds 4 stars and is ranked 51st. These distinctions make XTB a strong contender for those prioritizing advanced features and versatility in trading tools.
| Feature |
XTB
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | 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) | 39 | 35 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both XTB and TeleTrade offer comprehensive features for iPhone and Android users. Each app provides the convenience of stock or forex price alerts and the ability to draw trendlines on charts, as well as view multiple time frames such as daily, weekly, or intraday. Both platforms support watchlists with real-time quotes, although neither offers automatic syncing of these lists with online accounts. They also auto-save chart drawings, simplifying the workflow for traders on the go.
For those who prioritize technical analysis, XTB edges out TeleTrade by offering 39 technical studies compared to TeleTrade's 35. This differentiation might explain XTB's higher rating of 4.5 stars for its mobile trading app, placing it at an impressive #8 out of 62 brokers on ForexBrokers.com. In contrast, TeleTrade earns a respectable 4-star rating, securing the #25 spot. Whether you choose XTB or TeleTrade, both deliver solid mobile trading solutions designed to meet the needs of both novice and seasoned traders.
| Feature |
XTB
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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.
Both XTB and TeleTrade provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, ensuring traders are well-informed with the latest updates. While neither broker offers research tools from Autochartist or Trading Central, XTB distinguishes itself by providing a sentiment-based trading tool to track long and short positions across various instruments, an offering not available with TeleTrade. Additionally, both brokers offer an economic calendar for tracking global news events, but XTB generally receives higher recognition and ranks more favorably in independent reviews.
In terms of overall research capabilities, XTB impresses with a top-tier rating of 5 stars and holds the #7 spot among 62 brokers on ForexBrokers.com for its research category. Comparatively, TeleTrade has a rating of 3.5 stars and is ranked at #38. This gap indicates that XTB's research offerings and resources might be more comprehensive, contributing to better-informed trading decisions compared to TeleTrade.
| Feature |
XTB
|
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) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, XTB stands out in offering a comprehensive range of materials to help newcomers understand forex and CFDs trading. XTB provides a variety of educational content, including more than 10 articles, videos, and archived webinars focused on these subjects. Notably, XTB holds regular educational webinars monthly and maintains an easily accessible archive of recorded sessions. In addition to their robust collection of educational pieces, they also have over 10 beginner-focused videos that cover essential trading topics, alongside advanced content for those ready to take their learning to the next level. With an education rating of 5 stars, XTB ranks #11 among 62 brokers, showcasing its dedication to educating traders at all levels.
In contrast, TeleTrade falls short in offering a plentiful array of educational resources for forex and CFDs. While it does provide some educational materials, it doesn't meet the minimum threshold of 10 pieces centered on these areas. Unlike XTB, TeleTrade does not host webinars or offer an archive of recorded sessions, which could be beneficial for ongoing learning. Additionally, it lacks a substantial collection of beginner-friendly educational videos, offering less support for novice traders. With an educational rating of 3.5 stars and a ranking of #61 out of 62 brokers, TeleTrade's offerings are more limited, making XTB a more appealing choice for those seeking a more thorough educational experience.
| Feature |
XTB
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than TeleTrade. XTB finished with an overall rank of #7, while TeleTrade finished with an overall rank of #50.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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TeleTrade
|
|---|---|---|
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| Trust Score | 96 | 71 |
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Both XTB and TeleTrade do not allow the purchase of actual cryptocurrencies, instead, they offer the ability to trade cryptocurrency derivatives.
When comparing online brokers XTB and TeleTrade, neither platform supports ACH or SEPA transfers, but XTB stands out by offering PayPal, alongside both brokers providing options for Skrill, Visa, Mastercard, and bank wires for funding and withdrawal transactions.
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 | XTB | TeleTrade | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | XTB Review |
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| Regulation | XTB | TeleTrade | |
|---|---|---|---|
| Trust Score | 96 | 71 | |
| Year Founded | 2002 | 1994 | |
| Publicly Traded (Listed) | Yes | 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 | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | 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) | XTB | 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 | XTB | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 500 | |
| Forex Pairs (Total) | 71 | 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 | XTB | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | XTB | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | 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 | XTB | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 35 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | 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 | XTB | 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) | No | No |
| Major Forex Pairs | XTB | 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 | XTB Review |
| Overall | XTB | TeleTrade | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | XTB Review |
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