easyMarkets vs TeleTrade 2023

easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). easyMarkets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the European Union via MiFID.

TeleTrade is not publicly traded and does not operate a bank. TeleTrade is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and zero Tier-4 regulators (High Risk). TeleTrade is authorised by the following tier-1 regulator: European Union Authorized (MiFID).

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

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.

To open a forex trading account with easyMarkets, you'll need to make an initial minimum deposit of $50.

easyMarkets requires a minimum deposit of $100 before you can open an account and start trading forex.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. easyMarkets offers Visa/Mastercard (Credit/Debit), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas TeleTrade provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that TeleTrade offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that easyMarkets holds 2 global Tier-1 licenses, while TeleTrade holds 1. Both easyMarkets and TeleTrade hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that easyMarkets (80) earned a higher Trust Score than TeleTrade (71).

To compare the trading platforms of both easyMarkets and TeleTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, easyMarkets offers a better experience. With research, TeleTrade offers superior market research. Finally, we found TeleTrade to provide better mobile trading apps.

Here’s what trading platforms are available at easyMarkets:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at TeleTrade:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - Yes
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both easyMarkets and TeleTrade offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. easyMarkets and TeleTrade both offer copy trading.

easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to TeleTrade's 61 available pairs. If you are interested in trading CFDs, TeleTrade offers traders access to 500 CFDs, while easyMarkets offers access to 199 CFDs; so TeleTrade offers 301 more CFDs than easyMarkets.

We found in our testing that TeleTrade offers a more diverse selection of investment options than easyMarkets, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.