AvaTrade
Teletrade
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Teletrade was established in 2008 and is based in Cyprus. AvaTrade holds licences including Central Bank of Ireland, while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. AvaTrade serves 200,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $250 at AvaTrade and $100 at Teletrade.
| Feature | AvaTrade | Teletrade |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2006 | 2008 |
| Country | The British Virgin Islands | Cyprus |
| Clients | 200,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Teletrade, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Overall, Teletrade scores higher on fees in our assessment.
| Feature | AvaTrade | Teletrade |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | Teletrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Teletrade compare. Teletrade runs regular live webinars; AvaTrade does not. Both provide video tutorials. Teletrade publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | AvaTrade | Teletrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Teletrade supports 2 (Skrill, Neteller). AvaTrade uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. Teletrade uniquely supports Skrill among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |