FlowBank vs TeleTrade Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FlowBank vs TeleTrade.
Does FlowBank or TeleTrade offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FlowBank offers better pricing overall for traders.
Is FlowBank or TeleTrade safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both FlowBank and TeleTrade hold 1 global Tier-1 licenses. Both FlowBank and TeleTrade hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FlowBank (80) earned a higher Trust Score than TeleTrade (71).
Which trading platform is better: FlowBank or TeleTrade?
To compare the trading platforms of both FlowBank and TeleTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FlowBank offers a better experience. With research, TeleTrade offers superior market research. Finally, we found FlowBank to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FlowBank and TeleTrade offer MetaTrader 4 (MT4).FlowBank and TeleTrade both offer copy trading.
How many forex pairs and CFDs are available to trade?
TeleTrade provides traders 61 currency pairs (e.g., EUR/USD) compared to FlowBank's 52 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while TeleTrade has 500 available CFDs, a difference of 408100.
Can I trust FlowBank?
FlowBank operates a regulated Swiss bank, and is authorised by one Tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).
Can I trust TeleTrade?
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).
Is FlowBank good?
As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.
Is TeleTrade good?
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.
Overall winner: FlowBank
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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.