Forex EE
Teletrade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Teletrade was established in 2008 and is based in Cyprus. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex EE serves 10,000+ clients worldwide; Teletrade has 50,000+. Both brokers share the same minimum deposit of $100.
| Feature | Forex EE | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Ministry of Economic Affairs in Estonia | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2008 | 2008 |
| Country | Grenadines | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Teletrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Forex EE charges withdrawal fees while Teletrade does not, a notable advantage for frequent withdrawers. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Forex EE | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Forex EE 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 | Forex EE | Teletrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | 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 EE and Teletrade compare. Teletrade runs regular live webinars; Forex EE does not. Both provide video tutorials. Teletrade publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Teletrade supports 2 (Skrill, Neteller). Forex EE uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Forex EE scores higher on deposit and withdrawal flexibility.
| Feature | Forex EE | 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 Forex EE and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | 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 |