Teletrade
Uniglobe Markets
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Overview
Teletrade was founded in 2008 and is headquartered in Cyprus, while Uniglobe Markets was established in 2008 and is based in Marshall Islands. Teletrade holds licences including Cyprus Securities and Exchange Commission (CySEC), while Uniglobe Markets is regulated by Unregulated among others. Teletrade serves 50,000+ clients worldwide; Uniglobe Markets has 10,000+. The minimum deposit is $100 at Teletrade and $10 at Uniglobe Markets.
| Feature | Teletrade | Uniglobe Markets |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Cyprus | Marshall Islands |
| Clients | 50,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Teletrade and Uniglobe Markets, directly affecting your bottom line as a trader. Uniglobe Markets has a lower barrier to entry with a minimum deposit of $10 (vs $100 at Teletrade). Neither broker charges withdrawal fees. Uniglobe Markets charges deposit fees; Teletrade does not. Overall, Uniglobe Markets scores higher on fees in our assessment.
| Feature | Teletrade | Uniglobe Markets |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Teletrade offers MT4, MT5, cTrader, while Uniglobe Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Teletrade | Uniglobe Markets |
|---|---|---|
| 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) | Windows ├é┬¼├ó╦åÔÇÿ MacOS X. Multiple Terminal. Android. IOS. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Teletrade and Uniglobe Markets compare. Teletrade runs regular live webinars; Uniglobe Markets does not. Teletrade has a video library; Uniglobe Markets does not. Teletrade publishes daily market commentary; Uniglobe Markets does not. Teletrade integrates third-party research tools (Trading Central, Autochartist); Uniglobe Markets does not. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | Teletrade | Uniglobe Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
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 Uniglobe Markets supports 2 (bank transfer, credit/debit card). Teletrade uniquely supports Skrill and Neteller among the two brokers. Uniglobe Markets uniquely supports bank transfer and credit/debit card among the two brokers. Uniglobe Markets scores higher on deposit and withdrawal flexibility.
| Feature | Teletrade | Uniglobe Markets |
|---|---|---|
| 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 Uniglobe Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Teletrade supports 15 languages and Uniglobe Markets supports 2, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Teletrade | Uniglobe Markets |
|---|---|---|
| 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 |