Teletrade
World Forex Review
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Overview
Teletrade was founded in 2008 and is headquartered in Cyprus, while World Forex Review was established in 2008 and is based in Vanuatu. Teletrade holds licences including Cyprus Securities and Exchange Commission (CySEC), while World Forex Review is regulated by Vanuatu Financial Services Commission (VFSC) among others. Teletrade serves 50,000+ clients worldwide; World Forex Review has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Teletrade | World Forex Review |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Vanuatu Financial Services Commission (VFSC) |
| Founded | 2008 | 2008 |
| Country | Cyprus | Vanuatu |
| Clients | 50,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Teletrade and World Forex Review, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. World Forex Review charges withdrawal fees while Teletrade does not, giving Teletrade an edge for frequent withdrawers. World Forex Review charges deposit fees; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Teletrade | World Forex Review |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Teletrade offers MT4, MT5, cTrader, while World Forex Review 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 | World Forex Review |
|---|---|---|
| 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) | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Teletrade and World Forex Review 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 | World Forex Review |
|---|---|---|
| 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 World Forex Review supports 2 (bank transfer, credit/debit card). Teletrade uniquely supports Skrill and Neteller among the two brokers. World Forex Review uniquely supports bank transfer and credit/debit card among the two brokers. World Forex Review scores higher on deposit and withdrawal flexibility.
| Feature | Teletrade | World Forex Review |
|---|---|---|
| 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 World Forex Review offer live chat support. Both provide phone support. Email support is available at both brokers. Teletrade supports 15 languages and World Forex Review supports 2, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Teletrade | World Forex Review |
|---|---|---|
| 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 |