Teletrade
Uphold
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Overview
Teletrade was founded in 2008 and is headquartered in Cyprus, while Uphold was established in 2013 and is based in United States. Teletrade holds licences including Cyprus Securities and Exchange Commission (CySEC), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Teletrade serves 50,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $100 at Teletrade and $1 at Uphold.
| Feature | Teletrade | Uphold |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2008 | 2013 |
| Country | Cyprus | United States |
| Clients | 50,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Teletrade and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Teletrade). Neither broker charges withdrawal fees. Overall, Uphold scores higher on fees in our assessment.
| Feature | Teletrade | Uphold |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Teletrade offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Teletrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Teletrade | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Teletrade and Uphold compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Teletrade publishes daily market commentary; Uphold does not. Teletrade integrates third-party research tools (Trading Central, Autochartist); Uphold does not. Archived webinars are available at both brokers for self-paced learning. Teletrade scores higher overall in education and research.
| Feature | Teletrade | Uphold |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | Yes |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Teletrade uniquely supports Skrill and Neteller among the two brokers. Uphold uniquely supports bank transfer and credit/debit card among the two brokers. Uphold scores higher on deposit and withdrawal flexibility.
| Feature | Teletrade | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Teletrade offers phone support; Uphold does not. Email support is available at both brokers. Teletrade supports 15 languages and Uphold supports 1, giving Teletrade broader global reach. Teletrade scores higher overall on customer support in our assessment.
| Feature | Teletrade | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English |