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TeleTrade vs Xtrade 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is TeleTrade better than Xtrade? In our analysis of 23 international regulators across 62 of the best forex brokers, TeleTrade is considered high-risk, with an overall Trust Score of 67 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingTeleTradeXtrade
Overall Rating 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 67 80
Winner check_circle
Review
RegulationTeleTradeXtrade
Trust Score 67 80
Year Founded 1994 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No
Tier-1 Licenses 0 1
Tier-2 Licenses 1 2
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)TeleTradeXtrade
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)TeleTradeXtrade
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)TeleTradeXtrade
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No Yes
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsTeleTradeXtrade
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 500 142
Forex Pairs (Total) 61 56
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostTeleTradeXtrade
Average Spread EUR/USD - Standard -1 -1
All-in Cost EUR/USD - Active -1 -1
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingTeleTradeXtrade
Minimum Initial Deposit $100 $250
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsTeleTradeXtrade
Proprietary Platform No Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade Yes No
Trading ToolsTeleTradeXtrade
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 35 N/A
Charting - Drawing Tools (Total) 15 18
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingTeleTradeXtrade
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 35 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchTeleTradeXtrade
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationTeleTradeXtrade
Has Education - Forex or CFDs No Yes
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex PairsTeleTradeXtrade
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review
OverallTeleTradeXtrade
Overall Rating 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 67 80
Winner check_circle
Review
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TeleTrade vs Xtrade 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 Xtrade.

Does TeleTrade or Xtrade 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 Xtrade 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. Xtrade holds 1 global Tier-1 licenses, while TeleTrade holds 0. Xtrade holds 2 global Tier-2 licenses, while TeleTrade holds 1. In our analysis of 23 international regulators across 50 brokers, Xtrade earned a higher Trust Score than TeleTrade.

Which trading platform is better: TeleTrade or Xtrade?

To compare the trading platforms of both TeleTrade and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TeleTrade 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TeleTrade provides traders 61 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, TeleTrade offers traders access to 500 CFDs while Xtrade has 142 available CFDs, a difference of 358.

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 Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

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 Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

Overall winner: TeleTrade

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