FP Markets vs TeleTrade Comparison
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs TeleTrade.
Does FP Markets 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, FP Markets
offers better pricing overall for traders.
Is FP Markets 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. FP Markets holds 1 global Tier-1 licenses, while TeleTrade holds 0. Both FP Markets and TeleTrade hold [Variable A] global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FP Markets earned a higher Trust Score than TeleTrade.
Which trading platform is better: FP Markets or TeleTrade?
To compare the trading platforms of both FP Markets and TeleTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FP Markets offers a better experience. With research, FP Markets offers superior market research. Finally, we found FP Markets 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 FP Markets and TeleTrade offer MetaTrader 4 (MT4).FP Markets and TeleTrade both offer copy trading.
How many forex pairs and CFDs are available to trade?
FP Markets provides traders 63 currency pairs (e.g., EUR/USD) compared to TeleTrade's 61 available pairs. Forex pairs aside, FP Markets offers traders access to 9790 CFDs while TeleTrade has 500 available CFDs, a difference of 9290.
Can I trust FP Markets?
FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).
Can I trust TeleTrade?
TeleTrade is not publicly traded and does not operate a bank. TeleTrade is authorised by zero tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulator (low trust).
Is FP Markets good?
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 8,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
Is TeleTrade good?
Overall winner: FP Markets
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