Teletrade
Traders Trust
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Overview
Teletrade was founded in 2008 and is headquartered in Cyprus, while Traders Trust was established in 1998 and is based in Cyprus. Teletrade holds licences including Cyprus Securities and Exchange Commission (CySEC), while Traders Trust is regulated by Financial Conduct Authority (FCA) among others. Teletrade serves 50,000+ clients worldwide; Traders Trust has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Teletrade | Traders Trust |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) |
| Founded | 2008 | 1998 |
| Country | Cyprus | Cyprus |
| Clients | 50,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Teletrade and Traders Trust, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Neither broker charges withdrawal fees. Traders Trust applies inactivity fees on dormant accounts; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Teletrade | Traders Trust |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Teletrade offers MT4, MT5, cTrader, while Traders Trust supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Traders Trust supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Teletrade | Traders Trust |
|---|---|---|
| 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, 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 Traders Trust 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 | Traders Trust |
|---|---|---|
| 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 Traders Trust supports 2 (bank transfer, credit/debit card). Teletrade uniquely supports Skrill and Neteller among the two brokers. Traders Trust uniquely supports bank transfer and credit/debit card among the two brokers. Traders Trust scores higher on deposit and withdrawal flexibility.
| Feature | Teletrade | Traders Trust |
|---|---|---|
| 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 Traders Trust offer live chat support. Both provide phone support. Email support is available at both brokers. Teletrade supports 15 languages and Traders Trust supports 2, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Teletrade | Traders Trust |
|---|---|---|
| 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 |