PrimeXBT vs TeleTrade Comparison: Which Is Better for Traders?
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 - PrimeXBT or TeleTrade?
Our pick: PrimeXBT
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - PrimeXBT looks preferable to TeleTrade.
PrimeXBT scored 4.4/5 and ranks 11 in our all Forex brokers list, whereas TeleTrade has 3.6/5 and ranks 56.
This is not financial advice. See the full comparison below.
Who is PrimeXBT suitable for?
PrimeXBT is well-suited for active Forex and cryptocurrency traders: scalpers, high-leverage enthusiasts, copy traders, and those starting with a small deposit.
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 PrimeXBT and TeleTrade
| Broker | PrimeXBT | TeleTrade |
|---|---|---|
| Rating | 4.4/5 | 3.6/5 |
| Foundation Year | 2018 | 2000 |
| Regulated in Countries | South Africa, Seychelles, El Salvador, Mauritius | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | PrimeXBT Review | TeleTrade Review |
PrimeXBT Review
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No telephone support.
PrimeXBT 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 | PrimeXBT | TeleTrade |
|---|---|---|
| Reliability | 4.6/5 | 3/5 |
| Foundation Year | 2018 | 2000 |
| Regulated in Countries | South Africa, Seychelles, El Salvador, Mauritius | Saint Vincent and the Grenadines |
| Regulators | FSCA FSCA SFSA SFSA CNAD CNAD BCR BCR - FSC FSC | SVGFSA SVGFSA |
PrimeXBT
FSCA and FSA licenses, segregated accounts, NBP, and FinCom membership enhance protection; however, the absence of reputable regulators (FCA, ASIC) presents a moderate jurisdictional risk.
Pros
- Multi-tier regulation
- Segregation of funds and NBP
- External arbitration (Financial Commission)
Cons
- Lacks licenses from more stringent regulators (FCA, ASIC)
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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PrimeXBT
Opening an account on PrimeXBT is simple: just an email and password, with no lengthy forms required. KYC is auto-verified in about 2 minutes, and deposits start at only $10. The entire process from registration to trading takes roughly 5-10 minutes.
Pros
- Instant registration
- Automated KYC within minutes
- Deposit from $10
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Account Types | 4/5 | 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 | 1:2000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
PrimeXBT
PrimeXBT’s unified account covers FX/CFD, crypto futures, copy trading, and VIP, streamlining balance management. However, the lack of cent, and fixed-spread options slightly limits the choice.
Pros
- Single balance for all markets
- Automatic VIP status based on volume
- Integrated copy trading
Cons
- Absence of cent accounts
- Fixed spreads are not supported
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Commissions | 4.5/5 | 2.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.8 |
| Commission per Lot | $0.86 |
PrimeXBT
PrimeXBT’s fees are below market standards, featuring tight spreads for CFD trading and low fees for crypto futures trading. Additionally, there are no charges for deposits or account inactivity.
Pros
- Spreads from 0.1 pips
- VIP discounts
- No inactivity fees
Cons
- Market-average swap rates
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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PrimeXBT
A wide range of deposit and withdrawal methods, instant funding, and 3 free fiat withdrawals per month make transactions convenient. Fees apply only after exceeding the free limit and when withdrawing via card.
Pros
- 0% deposit fee
- 3 free fiat withdrawals
- Fast order processing
Cons
- Account denominated only in USD
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Markets and Products | 4.5/5 | 4.5/5 |
| Forex | 99 | 76 |
| Precious Metals | 12 | 17 |
| Energy Carriers | 4 | 4 |
| Soft Commodities | 8 | 7 |
| Indices | 19 | 26 |
| Stocks | 16 | 146 |
| Cryptocurrency | 135 | 79 |
| Bonds | - | 3 |
PrimeXBT
PrimeXBT offers over 100 instruments across FX, indices, commodities, stocks, and crypto futures, catering well to active traders.
Pros
- All key asset classes
- Single account for all markets
- Crypto futures and copy trading
Cons
- No spot ETFs/bonds
- Limited selection of stocks
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
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PrimeXBT
PXTrader is user-friendly, and MT5 provides automation features. While PrimeXBT offers a sufficient selection of platforms, it isn’t extensive.
Pros
- Mobile and web-based PXTrader platform
- Classic MetaTrader 5
- Built-in copy trading
Cons
- MT5 is not available in all regions
- Only two platforms offered (no cTrader or TradingView)
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
PrimeXBT
PrimeXBT provides a basic suite of analytics including live charts, an economic calendar, and daily market overviews. This set is adequate for most users, though advanced screeners and signals are missing.
Pros
- 50+ chart indicators
- Economic calendar
- Daily market research
Cons
- No screeners/signals
- Limited depth of analysis
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Rating | 3/5 | 2/5 |
PrimeXBT
PrimeXBT offers an extensive library of articles and a comprehensive glossary spanning both basic and advanced topics, though it lacks video courses.
Pros
- 200+ articles covering various levels
- Free access without registration
Cons
- No video tutorials
- Limited interactive content
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 | PrimeXBT | TeleTrade |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Email Support |
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| Hotline Phones | — |
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| Social Media | — |
Twitter
Instagram
LinkedIn
Facebook
YouTube
TikTok
Telegram
Reddit
DiscordPrimeXBT
PrimeXBT’s support is fast and friendly: the 24/7 chat responds within minutes, and email queries receive a reply shortly after. While multiple channels exist, there is no telephone or messenger support.
Pros
- 24/7 online chat
- Multilingual operators
Cons
- No phone or messenger support
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 PrimeXBT and TeleTrade with other brokers
Conclusion
PrimeXBT stands out as the better overall pick, while TeleTrade trails on aggregate criteria.
PrimeXBT scored 4.4/5 and ranks 11 in our rating; TeleTrade has 3.6/5 and ranks 56.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: PrimeXBT or TeleTrade?
PrimeXBT comes out ahead by overall rank (score 4.4/5, position 11) versus TeleTrade (score 3.6/5, position 56).
Which broker is better for beginners: PrimeXBT or TeleTrade?
PrimeXBT 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) — PrimeXBT 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 PrimeXBT and TeleTrade?
PrimeXBT: PXTrader, MetaTrader 5. TeleTrade: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with PrimeXBT and TeleTrade?
PrimeXBT: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, 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 PrimeXBT and TeleTrade?
PrimeXBT: PXTrader. TeleTrade: Standard, ECN, NDD, TeleTrade Invest. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by PrimeXBT and TeleTrade?
PrimeXBT: Volet, Neteller, Skrill, Binance Pay, Swift, Visa, Mastercard. TeleTrade: Skrill, FasaPay, Perfect Money, WebMoney, Swift, SEPA, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — PrimeXBT or TeleTrade — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
