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IG vs TeleTrade 2023

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Written by ForexBrokers.com

August 29, 2023

Is IG better than TeleTrade? In our analysis of 23 international regulators across 62 of the best forex brokers, IG is considered Highly Trusted, with an overall Trust Score of 99 out of 99. TeleTrade is considered Average Risk, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

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Overall Rating IG TeleTrade
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Trust Score info 99 71
Winner check_circle
Review IG Review
Broker Screenshots IG TeleTrade
Trading Platforms Gallery (click to expand) info
IG web trading platformzoom_in IG web trading order window trading form chartzoom_in IG web trading platform charts.zoom_in IG web trading platform signals Autochartistzoom_in IG web options trading platform options chainzoom_in IG web options trading platformzoom_in IG cryptocurrency watchlistzoom_in IG MT4 desktop trading platformzoom_in IG MT4 desktop trading platform chartszoom_in
Mobile Trading Gallery (click to expand) info
IG trading mobile app chartingzoom_in IG trading mobile app watchlistzoom_in IG mobile app basic viewzoom_in IG trading mobile app signal centerzoom_in IG trading mobile app pattern recognition signalszoom_in IG trading mobile app news headlineszoom_in IG mobile app contract specificationszoom_in IG mobile app alertszoom_in IG mobile app trading toolszoom_in
Research Gallery (click to expand) info
IG Trading The Markets Podcastzoom_in IG Central Bank calendarzoom_in IG research special reports articleszoom_in IG research special reports articleszoom_in IG research IGTV daily analysis videoszoom_in IG research IGTV videoszoom_in IG research currency pair client sentimentzoom_in IG communityzoom_in IG community curated contentzoom_in IG daily fx research market analysis YouTube video detailzoom_in
Education Gallery (click to expand) info
IG academy coursezoom_in IG daily fx educational articleszoom_in IG research education YouTube channel playlistzoom_in IG research videos market analysis YouTube playlistzoom_in IG daily fx educational articleszoom_in IG daily fx educational course progress trackingzoom_in IG daily fx YouTube playlist advanced educational videozoom_in IG daily fx YouTube playlist detailzoom_in IG educational webinars weeklyzoom_in IG educational academy course detailzoom_in
Regulation IG TeleTrade
Trust Score info 99 71
Year Founded info 1974 1994
Publicly Traded (Listed) info Yes No
Bank info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 8 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) IG TeleTrade
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) IG TeleTrade
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments IG TeleTrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 500
Forex Pairs (Total) info 100 61
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 IG TeleTrade
Average Spread EUR/USD - Standard info 0.86 info N/A
All-in Cost EUR/USD - Active info 0.5957 info N/A
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding IG TeleTrade
Minimum Deposit info £250.00 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms IG TeleTrade
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools IG TeleTrade
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 14 7
Charting - Indicators / Studies (Total) info 33 35
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IG TeleTrade
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 35
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research IG TeleTrade
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IG TeleTrade
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs IG TeleTrade
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IG Review
Overall IG TeleTrade
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Trust Score info 99 71
Winner check_circle
Review IG Review
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IG 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 IG vs TeleTrade.

Does IG 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, IG offers better pricing overall for traders.

Is IG 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. IG holds 8 global Tier-1 licenses, while TeleTrade holds 1. IG holds 2 global Tier-2 licenses, while TeleTrade holds 0. In our analysis of 23 international regulators across 50 brokers, IG (99) earned a higher Trust Score than TeleTrade (71).

Which trading platform is better: IG or TeleTrade?

To compare the trading platforms of both IG and TeleTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 IG and TeleTrade offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to TeleTrade's 61 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while TeleTrade has 500 available CFDs, a difference of 19037.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by eight Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC), and the European Union via MiFID.

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 IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

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: IG

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announcementPlease 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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