Plus500
Teletrade
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Overview
Plus500 was founded in 2008 and is headquartered in Israel, while Teletrade was established in 2008 and is based in Cyprus. Plus500 holds licences including Plus500UK Ltd authorized & regulated by the FCA (#509909), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Plus500 serves 1,000,000+ clients worldwide; Teletrade has 50,000+. Both brokers share the same minimum deposit of $100.
| Feature | Plus500 | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2008 | 2008 |
| Country | Israel | Cyprus |
| Clients | 1,000,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Plus500 and Teletrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Plus500 | Teletrade |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Plus500 offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Plus500 | Teletrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | 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 Plus500 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. The two brokers are evenly matched on educational content.
| Feature | Plus500 | Teletrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Plus500 accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while Teletrade supports 2 (Skrill, Neteller). Plus500 uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. Teletrade uniquely supports Neteller among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Plus500 | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | Yes | 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 Plus500 and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 15 languages. Both brokers are comparable on support quality.
| Feature | Plus500 | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |