TeleTrade vs FXPrimus 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 TeleTrade vs FXPrimus.
Does TeleTrade or FXPrimus 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, FXPrimus
offers better pricing overall for traders.
Is TeleTrade or FXPrimus 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 TeleTrade and FXPrimus hold 0 global Tier-1 licenses. Both TeleTrade and FXPrimus hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FXPrimus earned a higher Trust Score than TeleTrade.
Which trading platform is better: TeleTrade or FXPrimus?
To compare the trading platforms of both TeleTrade and FXPrimus, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXPrimus offers a better experience. With research, TeleTrade offers superior market research. Finally, we found TeleTrade 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 TeleTrade and FXPrimus offer MetaTrader 4 (MT4).TeleTrade and FXPrimus 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 FXPrimus's 42 available pairs. Forex pairs aside, TeleTrade offers traders access to 500 CFDs while FXPrimus has 140 available CFDs, a difference of 360.
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).
Can I trust FXPrimus?
FXPrimus is not publicly traded, does not operate a bank, and is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).
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.
Is FXPrimus good?
FX Primus is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside besides it's lack of additional top-tier licenses, is that FX Primus only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.
Overall winner: TeleTrade
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