Written by ForexBrokers.com
In this head to head comparison of TeleTrade vs Xtrade, 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.
TeleTrade, an online broker founded in 1994, is known for holding one Tier-1 license, demonstrating a recognized level of high trust in the financial industry. However, it does not hold any Tier-2 licenses. According to ForexBrokers.com, it has a Trust Score of 71, indicating an average risk status for investors. Like many brokers, TeleTrade is not publicly traded and does not operate as a bank.
Founded in 2003, Xtrade also possesses one Tier-1 license, which signifies a high trust rating, and additionally holds a Tier-2 license, suggesting a more trusted standing compared to some of its peers. With a ForexBrokers.com Trust Score of 74, Xtrade is seen as slightly less risky than average. Similar to TeleTrade, Xtrade is not publicly traded and does not function as a bank, but offers a competitive regulatory edge with its additional Tier-2 license.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Year Founded | 1994 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of online brokers TeleTrade and Xtrade, it's clear that TeleTrade has a competitive edge. TeleTrade is rated 4 out of 5 stars in this category, placing it at the 46th spot out of 62 brokers according to ForexBrokers.com. Though specific average spread data isn't available, the high star rating suggests that TeleTrade offers favorable fee structures for its clients.
In contrast, Xtrade receives a lower rating of 2.5 out of 5 stars, ranking it at the very bottom, 62nd among the brokers reviewed by ForexBrokers.com for their commissions and fees. The lack of specific spread data makes deeper comparisons challenging, but the lower rating may indicate higher or less competitive fees compared to other brokers, including TeleTrade.
Overall, for investors who prioritize minimizing costs in their trading activities, TeleTrade appears to offer a better fee structure than Xtrade. This makes TeleTrade a potentially more attractive option for those looking to keep commissions and fees low while trading online.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| 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 comparing TeleTrade and Xtrade for their range of investments, both brokers offer forex trading in the form of CFDs or spot contracts. TeleTrade stands out slightly with 500 tradeable symbols and a selection of 61 forex pairs, surpassing Xtrade's 482 symbols and 56 forex pairs. Neither platform allows clients to purchase exchange-traded securities from U.S. or international exchanges directly, meaning options like buying shares of Apple or Vodafone aren't available with either broker.
Both TeleTrade and Xtrade provide the option to trade cryptocurrency derivatives rather than the actual cryptocurrencies. However, TeleTrade offers an additional feature with its copy trading service, unlike Xtrade. Despite these differences, both brokers received a 3.5-star rating for their range of investments. In specific rankings, TeleTrade is positioned slightly higher at 45th place, compared to Xtrade's 49th, out of 62 brokers in the ForexBrokers.com assessment.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 482 |
| Forex Pairs (Total) | 61 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 offered by TeleTrade and Xtrade, both brokers provide traders with the opportunity for simulated trading through a free virtual demo account, catering to those looking to practice trading without financial risk. TeleTrade stands out with its support for well-known trading platforms MetaTrader 4 and MetaTrader 5, offering users a familiar and versatile trading experience. This broker also supports various options, such as a Windows-based desktop platform and browser-based trading, as well as features like copy trading and integration with ZuluTrade, enhancing its appeal to traders seeking diversity in tools and strategies. In contrast, Xtrade provides a proprietary trading platform developed in-house and a web-based platform, although it doesn't offer the popular MetaTrader platforms, copy trading, or integration with ZuluTrade.
In terms of charting tools, Xtrade offers an impressive 100 drawing tools, compared to TeleTrade's 15, allowing for more detailed technical analysis. Both brokers allow direct trading from stock charts, ensuring a seamless trading experience. Xtrade holds a slight edge with customizable watch lists, providing nine fields compared to TeleTrade's seven. Despite these features, TeleTrade edges Xtrade in platform and tool ratings, receiving four out of five stars from ForexBrokers.com, while Xtrade trails slightly at 3.5 stars. Rankings among 62 brokers demonstrate TeleTrade's positioning at #51 and Xtrade's at #58, indicating a more favorable perception of TeleTrade's overall offerings in the Trading Platforms and Tools category.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 35 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of TeleTrade and Xtrade, both platforms offer apps for iPhone and Android users. TeleTrade stands out with several features that enhance the trading experience. For instance, it provides stock and forex price alerts, allowing traders to stay updated on significant market movements. In contrast, Xtrade does not have this feature. Charting capabilities also differ, with TeleTrade offering 35 technical studies and the ability to draw trendlines, view multiple time frames, and auto-save drawings. Xtrade, however, lacks these chart enhancements. Both brokers do not support watchlist symbol syncing, but TeleTrade enables users to create watchlists with real-time quotes, which is not possible with Xtrade.
In terms of user ratings, TeleTrade and Xtrade both receive four out of five stars for their mobile trading apps. However, TeleTrade ranks higher at number 25 out of 62 brokers on ForexBrokers.com, while Xtrade is placed at number 53. This ranking difference underscores TeleTrade's stronger appeal in the mobile trading arena, largely due to its comprehensive set of features that cater to active traders seeking a flexible and informative mobile trading experience.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing TeleTrade and Xtrade, both online brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders are well-informed. Neither broker offers research tools from Autochartist or Trading Central, which might be a consideration for users seeking advanced analysis features. Additionally, both TeleTrade and Xtrade include an economic calendar to track global economic events, a crucial tool for market participants to anticipate market movements.
While neither broker offers sentiment-based trading tools or research from TipRanks and Acuity Trading, their research quality still achieves a rating of 3.5 stars. However, TeleTrade is positioned higher at #38 compared to Xtrade’s #52 ranking for research out of 62 brokers according to ForexBrokers.com. This suggests a slight advantage for TeleTrade in the research category, potentially influenced by their approach to providing market-related information.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 in forex and CFDs trading, it seems that Xtrade has a slight edge over TeleTrade. Xtrade offers more than ten educational pieces, which can be beneficial for newcomers looking to grasp trading concepts. In contrast, TeleTrade does not meet this criterion, potentially making it less accessible for those just starting out. Neither platform provides monthly webinars or has a searchable archive of past webinars, which could hinder ongoing learning opportunities.
Both TeleTrade and Xtrade fall short in offering a substantial library of beginner or advanced educational videos. Additionally, they lack monthly online webinars, leaving eager learners without regular interactive educational sessions. However, Xtrade stands out with its investor dictionary, which covers over 50 investing terms—an advantage for users wanting to familiarize themselves with trading jargon. Despite these differences, both platforms rate 3.5 stars for education, reflecting that there is room for improvement in their educational offerings. Furthermore, Xtrade is ranked higher for education at #46 compared to TeleTrade's #61 according to ForexBrokers.com, suggesting that Xtrade may offer a slightly better educational experience overall.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TeleTrade is better than Xtrade. TeleTrade finished with an overall rank of #50, while Xtrade finished with an overall rank of #59.
TeleTrade was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Teletrade has a lower Trust Score than more established forex brokers.
| Feature |
TeleTrade
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 74 |
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Both TeleTrade and Xtrade do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives, allowing investors to engage in the crypto market through derivatives rather than direct asset ownership.
When comparing online brokers TeleTrade and Xtrade, both platforms do not support ACH, SEPA, or PayPal options for fund transfers, but they each provide Skrill, Visa, Mastercard, and bank wires as methods for depositing and 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 | TeleTrade | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | TeleTrade | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | TeleTrade | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 1994 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | TeleTrade | Xtrade | |
|---|---|---|---|
| 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) | No | 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) | TeleTrade | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TeleTrade | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 482 | |
| Forex Pairs (Total) | 61 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | TeleTrade | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TeleTrade | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| 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 | TeleTrade | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | TeleTrade | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 35 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | TeleTrade | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | TeleTrade | Xtrade | |
|---|---|---|---|
| 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | TeleTrade | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | TeleTrade | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | TeleTrade | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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