FxPro vs TeleTrade Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FxPro and TeleTrade
| Broker | FxPro | TeleTrade |
|---|---|---|
| Rating | 4.4/5 | 3.6/5 |
| Foundation Year | 2006 | 2000 |
| Regulated in Countries | United Kingdom, Cyprus, Bahamas | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:10000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FxPro Review | TeleTrade Review |
FxPro is suitable for traders looking for a reliable company with good trading conditions and a wide selection of instruments.
This broker is ideally suited for experienced traders who value narrow spreads and a variety of financial instruments. Beginners may find it difficult due to the lack of extensive educational materials.
FxPro Review
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
FxPro is in the top 10 of the following ratings:
TeleTrade Review
TeleTrade represents a comprehensive solution for traders looking for tight spreads, a variety of financial instruments, and quality customer support. It benefits experienced traders who can fully utilize the extensive analytical tools. However, beginners may find it challenging to get started without a wide range of educational materials.
If you are ready to undertake an intensive self-learning journey or possess ample experience, this broker can offer you all the necessary conditions for successful trading.
Pros and Cons of TeleTrade
Pros
- Tight spreads.
- A wide range of deposit and withdrawal methods.
- Diversity of financial assets.
- An extensive set of analytical tools.
- Quality customer support.
Cons
- High commission on ECN and NDD accounts.
- High swaps.
- Long withdrawal request processing time.
- Lack of educational materials other than articles.
Reliability
| Broker | FxPro | TeleTrade |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2006 | 2000 |
| Regulated in Countries | United Kingdom, Cyprus, Bahamas | Saint Vincent and the Grenadines |
| Regulators | FCA FCA CySEC CySEC FSCA FSCA SCB SCB | SVGFSA SVGFSA |
FxPro
FxPro shows high reliability and strict compliance with regulatory standards in the financial sector. The company is regulated by several leading authorities worldwide.
TeleTrade
TeleTrade is a relatively reliable broker, especially considering its long-standing market experience.
Pros
- Long-term market history.
- A large client base worldwide.
Cons
- No regulation by stricter authorities (FCA, ASIC, BaFin).
Account Opening
| Broker | FxPro | TeleTrade |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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FxPro
The account opening process is structured but requires more time due to the volume of information needed.
TeleTrade
The registration process with TeleTrade broker is extremely convenient and fast. Minimal field input and the ability to log in from the main page simplify the start in trading.
Account Types
| Broker | FxPro | TeleTrade |
|---|---|---|
| Account Types | 4/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:10000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FxPro
FxPro offers various accounts, but the absence of cent accounts and a copy trading service limits options for beginner traders.
Pros
- A wide choice of account types.
- Availability of Islamic accounts.
- Personalized service for owners of Premium accounts.
Cons
- No cent accounts.
- No copy trading service provided.
TeleTrade
The broker offers standard trading accounts with additional options such as "24% Bonus" and "Copy Trading". However, the absence of cent, fixed, and Islamic accounts narrows the choices for specialized traders.
Pros
- Additional income through "24% Bonus".
- The "Copy Trading" service for diversification.
- Loyalty program with bonus points.
Cons
- No accounts with fixed spreads.
- No cent accounts.
- No Islamic accounts.
Commissions
| Broker | FxPro | TeleTrade |
|---|---|---|
| Commissions | 3/5 | 2.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.5 | 1.8 |
| Commission per Lot | $3.5 | $0.86 |
FxPro
FxPro's commissions align with the market average, and the absence of fees for deposits/withdrawals is a benefit.
Pros
- No commission for depositing and withdrawing funds.
Cons
- Inactivity fee charged.
TeleTrade
The level of commissions can be considered average, making the broker's services suitable for various types of traders, but not ideal for all.
Pros
- Competitive spreads on the standard account.
- No withdrawal fees in certain cases.
Cons
- High transaction commission on ECN and NDD accounts.
- Above-average swaps on the standard account.
- Additional commission for account inactivity.
Deposit and Withdrawal
| Broker | FxPro | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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FxPro
FxPro offers convenient and flexible options for funding and withdrawal, with most operations not incurring a commission.
TeleTrade
The broker offers a variety of transaction methods, most of which are commission-free and with fast processing times.
Pros
- Wide selection of deposit and withdrawal methods.
- Most operations are commission-free.
- Instant fund crediting for most methods.
Cons
- Withdrawal requests can be processed for up to 7 business days.
- In some cases, a commission is charged for deposits and withdrawals.
Markets and Products
| Broker | FxPro | TeleTrade |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 69 | 76 |
| Precious Metals | 13 | 17 |
| Energy Carriers | 6 | 4 |
| Soft Commodities | 7 | 7 |
| Indices | 29 | 26 |
| Stocks | 1971 | 146 |
| Cryptocurrency | 28 | 79 |
| Bonds | - | 3 |
FxPro
FxPro provides an extensive selection of markets and products for trading. Clients can trade 69 currency pairs on Forex and have access to a broad range of CFDs on indices, stocks, agricultural commodities, oil, precious metals, and cryptocurrencies.
TeleTrade
TeleTrade offers a wide range of financial instruments, making it attractive for various categories of investors.
Pros
- A large number of currency pairs.
- Wide selection of CFDs on metals and cryptocurrencies.
Cons
- Some brokers offer more CFDs.
Trading Platforms
| Broker | FxPro | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FxPro
FxPro offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Each platform has several variations that can be downloaded from the broker's official website for free.
TeleTrade
TeleTrade provides excellent trading opportunities, offering two versions of the popular MetaTrader platforms.
Pros
- Support for MetaTrader 4 and 5, popular and reliable platforms.
- Availability on various operating systems and devices.
- Ability to use automated trading robots.
Cons
- Lack of proprietary platform or alternative to MetaTrader.
Analytics
| Broker | FxPro | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
FxPro
FxPro offers its clients diverse market analysis services. The company's official YouTube channel also features forecasts, market reviews, and helpful videos.
TeleTrade
TeleTrade provides a good range of analytical tools, such as an economic calendar and technical analysis.
Pros
- Includes an economic calendar and updates news.
- Professional market reviews.
- Video analytics available.
Cons
- Lack of trading signals.
- Absence of calculators and technical analysis services.
Education
| Broker | FxPro | TeleTrade |
|---|---|---|
| Rating | 4/5 | 2/5 |
FxPro
The "Education" section on the FxPro website offers a variety of educational materials for traders. The materials provided enable traders to master the basics and deepen their understanding of trading.
Pros
- A variety of educational materials.
- Availability of free courses and accessible online tests for self-assessment.
Cons
- No educational formats such as webinars, seminars, and podcasts.
TeleTrade
The educational materials at TeleTrade are limited to articles only, which is not ideal for those seeking comprehensive education. The variety and depth of materials are severely limited.
Customer Support
| Broker | FxPro | TeleTrade |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media | — |
Facebook
LinkedIn
Twitter
YouTube
Telegram
InstagramFxPro
FxPro has various channels for technical support, including online chat, callback service, and email. Clients can seek help through an international toll-free line or via email.
TeleTrade
TeleTrade's technical support offers a wide range of communication channels and receives positive feedback from clients. Prompt response and quality consultation make this service one of the broker's strong points.
