TeleTrade vs TopFX 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 TopFX.
Does TeleTrade or TopFX 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, TeleTrade
offers better pricing overall for traders.
Is TeleTrade or TopFX 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 TopFX hold 0 global Tier-1 licenses. Both TeleTrade and TopFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, TeleTrade and TopFX earned the same Trust Score.
Which trading platform is better: TeleTrade or TopFX?
To compare the trading platforms of both TeleTrade and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX 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 TopFX offer MetaTrader 4 (MT4).TeleTrade and TopFX 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 TopFX's 60 available pairs. Forex pairs aside, TopFX offers traders access to 655 CFDs while TeleTrade has 500 available CFDs, a difference of 155.
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 TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average 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 TopFX good?
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.
Overall winner: TeleTrade
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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.