Fidelity
Teletrade
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Overview
Fidelity was founded in 2008 and is headquartered in USA, while Teletrade was established in 2008 and is based in Cyprus. Fidelity holds licences including Financial Conduct Authority (FCA), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Fidelity serves 10,000+ clients worldwide; Teletrade has 50,000+. Both brokers share the same minimum deposit of $100.
| Feature | Fidelity | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2008 | 2008 |
| Country | USA | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Fidelity and Teletrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Neither broker charges withdrawal fees. Fidelity applies inactivity fees on dormant accounts; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Fidelity | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Fidelity offers MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Fidelity supports social and copy trading features, which Teletrade does not offer. Teletrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Fidelity | Teletrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro | 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 Fidelity and Teletrade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Teletrade scores higher overall in education and research.
| Feature | Fidelity | Teletrade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Fidelity accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Teletrade supports 2 (Skrill, Neteller). Fidelity uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Fidelity scores higher on deposit and withdrawal flexibility.
| Feature | Fidelity | 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 Fidelity and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Fidelity supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Fidelity | 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 |