NPB Markets vs TeleTrade Comparison
Compare trading conditions, commissions and platforms of Forex brokers NPB Markets and TeleTrade. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - NPB Markets or TeleTrade?
Our pick: NPB Markets
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - NPB Markets looks preferable to TeleTrade.
NPB Markets scored 4.2/5 and ranks 36 in our all Forex brokers list, whereas TeleTrade has 3.6/5 and ranks 64.
This is not financial advice. See the full comparison below.
Who is NPB Markets suitable for?
NPB Markets is ideal for traders who value STP accounts, education, MetaTrader 4, participation in contests, and a decent selection of markets and products
Who is TeleTrade suitable for?
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.
Comparison Table of NPB Markets and TeleTrade
| Broker | NPB Markets | TeleTrade |
|---|---|---|
| Rating | 4.2/5 | 3.6/5 |
| Foundation Year | 2016 | 2000 |
| Regulated in Countries | Comoros | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | NPB Markets Review | TeleTrade Review |
NPB Markets Review
NPB Markets is suitable for novice and experienced traders, thanks to its extensive educational program, various account types, and set of trading instruments. The broker is particularly noteworthy for those who value quality technical analysis and a diversity of trading instruments.
Despite certain drawbacks, NPB Markets provides quality service and can be used by most traders.
Pros and Cons of NPB Markets
Pros
- A rich selection of analytical tools and resources.
- Extensive education section.
- A variety of trading account types.
- Numerous available methods for depositing and withdrawing funds.
Cons
- Lack of alternatives to the MetaTrader 4 platform.
- Regulation in an offshore jurisdiction.
NPB Markets 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 | NPB Markets | TeleTrade |
|---|---|---|
| Reliability | 3.2/5 | 3/5 |
| Foundation Year | 2016 | 2000 |
| Regulated in Countries | Comoros | Saint Vincent and the Grenadines |
| Regulators |
NPB Markets
The broker has certain protective measures but is registered in offshore jurisdictions.
Pros
- Membership in The Financial Commission.
- Existence of a Compensation Fund.
- Regulation by multiple bodies.
Cons
- Registration in offshore jurisdictions.
- Lack of information on deposit insurance.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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NPB Markets
Opening an account with NPB Markets is straightforward, with a short registration form, clear verification requirements, and three base currencies.
Pros
- Simple registration.
- Clear document requirements.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Account Types | 4.5/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
NPB Markets
The broker offers a wide range of accounts, meeting the needs of different traders.
Pros
- STP accounts
- Opportunity to copy trades of successful traders.
- Availability of cent accounts for beginners.
Cons
- No accounts with fixed spreads.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Commissions | 4/5 | 2.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1.8 |
| Commission | per 1 lot$4.00 | per $1M turnover$8.00 |
NPB Markets
NPB Markets offers average market spreads and swaps.
Pros
- No inactivity fee.
- No withdrawal fee.
- Cashback with up to 60% spread return
Cons
- Average spreads and swaps.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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NPB Markets
The broker offers a wide selection of deposit and withdrawal methods, with no commission on deposits and commission compensation on the first withdrawal.
Pros
- Multiple deposit/withdrawal methods.
- No deposit fee.
- Commission compensation on the first withdrawal.
Cons
- Withdrawal processing time can be long.
- High commission of payment systems on withdrawal
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 | NPB Markets | TeleTrade |
|---|---|---|
| Markets and Products | 4/5 | 4.5/5 |
| Forex | 38 | 76 |
| Precious Metals | 2 | 17 |
| Energy Carriers | 3 | 4 |
| Indices | 11 | 26 |
| Stocks | 62 | 146 |
| ETF | 2 | - |
| Cryptocurrency | 5 | 79 |
| Soft Commodities | - | 7 |
| Bonds | - | 3 |
NPB Markets
NPB Markets offers a sufficiently broad range of trading instruments, including Forex, CFDs on metals, energy carriers, indices, stocks, ETFs, and cryptocurrencies. However, some brokers may offer an even greater number of instruments and markets.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
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NPB Markets
NPB Markets platforms provide functionality and convenience for different categories of traders.
Pros
- Use of the popular MetaTrader 4 platform.
- NPB Invest trade copying service.
Cons
- Lack of alternatives to MT4
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 | NPB Markets | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
NPB Markets
NPB Markets offers an extensive set of analytical tools, including news updates, signals based on technical analysis, and even direct chat with analysts.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Rating | 4/5 | 2/5 |
NPB Markets
The broker offers a wide range of educational opportunities, including e-books, video courses, and strategies provided by leading training centers.
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 | NPB Markets | TeleTrade |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media | — |
Facebook
Twitter
Telegram
YouTubeNPB Markets
Numerous communication channels are available, including online consultant, personal manager, email, and phone. The customer support schedule is also quite extensive, providing support at almost any time.
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.
Comparisons of NPB Markets and TeleTrade with other brokers
Conclusion
NPB Markets stands out as the better overall pick, while TeleTrade trails on aggregate criteria.
NPB Markets scored 4.2/5 and ranks 36 in our rating; TeleTrade has 3.6/5 and ranks 64.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: NPB Markets or TeleTrade?
NPB Markets comes out ahead by overall rank (score 4.2/5, position 36) versus TeleTrade (score 3.6/5, position 64).
Which broker is better for beginners: NPB Markets or TeleTrade?
NPB Markets is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — NPB Markets or TeleTrade?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with NPB Markets and TeleTrade?
NPB Markets: MetaTrader 4. TeleTrade: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with NPB Markets and TeleTrade?
NPB Markets: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. TeleTrade: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by NPB Markets and TeleTrade?
NPB Markets: Master, Zero, Expert, VIP, Standard Cent. TeleTrade: Standard, ECN, NDD, TeleTrade Invest. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by NPB Markets and TeleTrade?
NPB Markets: WebMoney, Skrill, Neteller, Volet, Swift, SEPA, Visa, Mastercard. TeleTrade: Skrill, FasaPay, WebMoney, Swift, SEPA, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — NPB Markets or TeleTrade — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
