Forex.com
Teletrade
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while Teletrade was established in 2008 and is based in Cyprus. Forex.com holds licences including Financial Conduct Authority (FCA), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex.com serves 150,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is Typical at Forex.com and $100 at Teletrade.
| Feature | Forex.com | Teletrade |
|---|---|---|
| Min. Deposit | Typical | $100 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2001 | 2008 |
| Country | United States | Cyprus |
| Clients | 150,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and Teletrade, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs Typical at Forex.com). Forex.com charges withdrawal fees while Teletrade does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; Teletrade does not. Forex.com charges deposit fees; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Forex.com | Teletrade |
|---|---|---|
| Min. Deposit | Typical | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Forex.com offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex.com | 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, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and 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 Forex.com 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 | Forex.com | 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. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Teletrade supports 2 (Skrill, Neteller). Forex.com uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | Yes | 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 Forex.com and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |