Bulbrokers
Teletrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while Teletrade was established in 2008 and is based in Cyprus. Bulbrokers holds licences including Financial Services Authority (FSA), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Bulbrokers serves 10,000+ clients worldwide; Teletrade has 50,000+. Both brokers share the same minimum deposit of $100.
| Feature | Bulbrokers | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Financial Services Authority (FSA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2000 | 2008 |
| Country | Bulgaria | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers and Teletrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Neither broker charges withdrawal fees. Bulbrokers applies inactivity fees on dormant accounts; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Bulbrokers | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Bulbrokers offers MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Teletrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | Teletrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, 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 Bulbrokers and Teletrade compare. Teletrade runs regular live webinars; Bulbrokers does not. Teletrade has a video library; Bulbrokers does not. Teletrade publishes daily market commentary; Bulbrokers does not. Teletrade integrates third-party research tools (Trading Central, Autochartist); Bulbrokers does not. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | Bulbrokers | Teletrade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bulbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Teletrade supports 2 (Skrill, Neteller). Bulbrokers uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Bulbrokers scores higher on deposit and withdrawal flexibility.
| Feature | Bulbrokers | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Bulbrokers and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Bulbrokers supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Bulbrokers | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |