Teletrade
Xtrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Teletrade was founded in 2008 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. Teletrade serves 50,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Teletrade and $1 at Xtrade.
| Feature | Teletrade | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Cyprus | Australia |
| Clients | 50,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Teletrade and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Teletrade). Neither broker charges withdrawal fees. Xtrade charges deposit fees; Teletrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Teletrade | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Teletrade offers MT4, MT5, cTrader, while Xtrade 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 | Xtrade |
|---|---|---|
| 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) | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Teletrade and Xtrade compare. Teletrade runs regular live webinars; Xtrade does not. Teletrade has a video library; Xtrade does not. Teletrade publishes daily market commentary; Xtrade does not. Teletrade integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | Teletrade | Xtrade |
|---|---|---|
| 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 uniquely supports Skrill and Neteller among the two brokers. Teletrade scores higher on deposit and withdrawal flexibility.
| Feature | Teletrade | Xtrade |
|---|---|---|
| Bank Transfer | No | Not available |
| Credit Card | No | Not available |
| PayPal | No | Not available |
| Skrill | Yes | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Teletrade and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Teletrade offers multilingual support. Both brokers are comparable on support quality.
| Feature | Teletrade | Xtrade |
|---|---|---|
| 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 | Not available |