Teletrade
Trade Zero
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Overview
Teletrade was founded in 2008 and is headquartered in Cyprus, while Trade Zero was established in 2014 and is based in Bahamas. Teletrade holds licences including Cyprus Securities and Exchange Commission (CySEC), while Trade Zero is regulated by Securities Commission of the Bahamas (SCB) among others. Teletrade serves 50,000+ clients worldwide; Trade Zero has 2,000+. The minimum deposit is $100 at Teletrade and $500 at Trade Zero.
| Feature | Teletrade | Trade Zero |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Securities Commission of the Bahamas (SCB) |
| Founded | 2008 | 2014 |
| Country | Cyprus | Bahamas |
| Clients | 50,000+ | 2,000+ |
Fees
Fees are a critical factor when choosing between Teletrade and Trade Zero, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Trade Zero). Neither broker charges withdrawal fees. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Teletrade | Trade Zero |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Teletrade offers MT4, MT5, cTrader, while Trade Zero supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Trade Zero supports social and copy trading features, which Teletrade does not offer. Teletrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Teletrade | Trade Zero |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Teletrade and Trade Zero 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 | Teletrade | Trade Zero |
|---|---|---|
| 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. Teletrade accepts 2 of the tracked payment methods (Skrill, Neteller), while Trade Zero supports 2 (bank transfer, credit/debit card). Teletrade uniquely supports Skrill and Neteller among the two brokers. Trade Zero uniquely supports bank transfer and credit/debit card among the two brokers. Trade Zero scores higher on deposit and withdrawal flexibility.
| Feature | Teletrade | Trade Zero |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Teletrade and Trade Zero offer live chat support. Both provide phone support. Email support is available at both brokers. Teletrade supports 15 languages and Trade Zero supports 2, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Teletrade | Trade Zero |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, and Chinese |