Roboforex vs TeleTrade Comparison
Compare trading conditions, commissions and platforms of Forex brokers Roboforex 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 - Roboforex or TeleTrade?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
Roboforex
- Minimum deposit · USD
- 10 USD
- Different platforms
- R WebTrader
- R MobileTrader
- R StocksTrader
- Different markets
- ETF
- Cent account
- Yes
TeleTrade
- Minimum deposit · USD
- 1 USD
- Different platforms
- None listed
- Different markets
- Bonds
- Cryptocurrency
- Cent account
- No
Comparison Table of Roboforex and TeleTrade
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 7 of 7 parametersShowing 7 of 7 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Foundation Year | 2009 | 2000 |
| Regulated in Countries | Belize | Saint Vincent and the Grenadines |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review |
Roboforex Review
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
Roboforex 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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 4 of 4 parametersShowing 4 of 4 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Reliability | 3.6/5 | 3/5 |
| Foundation Year | 2009 | 2000 |
| Regulated in Countries | Belize | Saint Vincent and the Grenadines |
| Regulators |
Roboforex
RoboForex, as a regulated broker, offers a high degree of client protection and compliance with standards.
Pros
- Regulated by the Financial Services Commission (FSC).
- Participation in The Financial Commission's Compensation Fund.
- Civil Liability Insurance Program in place.
Cons
- Lacks oversight from stricter regulators such as the FCA, ASIC or CFTC.
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 2 of 2 parametersShowing 2 of 2 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
Roboforex
Registration on the RoboForex website is quick and uncomplicated. A notable advantage is the option to select the type of account right at registration, which is beneficial for those who already know they want to trade on a live account.
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 9 of 9 parametersShowing 9 of 9 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Account Types | 4.8/5 | 3.5/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | Yes | Yes |
| Swap-free Account | Yes | No |
Roboforex
RoboForex accounts offer sufficiently diverse trading conditions to meet the needs of various trader categories, from beginners to professionals who prefer investing.
Pros
- Availability of ECN and cent accounts
- Access to VPS
- Regularly held contests
Cons
- Lack of fixed spread accounts
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 4 of 4 parametersShowing 4 of 4 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Commissions | 3.7/5 | 2.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.4 | 1.8 |
| Commission | per $1M turnover$20.00 | per $1M turnover$8.00 |
Roboforex
RoboForex boasts relatively low commissions, potentially appealing to a broad spectrum of traders.
Pros
- Low trading fees
- No inactivity fee
- No withdrawal fee
Cons
- High 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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 2 of 2 parametersShowing 2 of 2 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
|
|
Roboforex
A wide array of deposit and withdrawal methods, including bank transfers, credit cards, and electronic wallets, makes the process of funding and cashing out convenient and flexible for traders.
Pros
- Extensive deposit and withdrawal options
- No deposit and withdrawal fees
- Broker covers payment system commissions twice a month
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 10 of 10 parametersShowing 10 of 10 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 33 | 76 |
| Precious Metals | 5 | 17 |
| Energy Carriers | 2 | 4 |
| Soft Commodities | 4 | 7 |
| Indices | 12 | 26 |
| Stocks | 8400 | 146 |
| ETF | 19 | - |
| Bonds | - | 3 |
| Cryptocurrency | - | 79 |
Roboforex
RoboForex offers an extensive range of trading instruments, with over 12,000 options available, impressively catering to traders' diverse needs. Traders have access to classic Forex instruments, CFDs, and even real 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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 2 of 2 parametersShowing 2 of 2 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
Roboforex
One of RoboForex's trump cards is the variety of trading platforms. With so many options, it can sometimes be challenging for a beginner to choose.
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 1 of 1 parametersShowing 1 of 1 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Rating | 5/5 | 4/5 |
Roboforex
RoboForex provides extensive analytical tools and materials, including an analytics center, market forecasts, an economic calendar, and a trading calculator.
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 1 of 1 parametersShowing 1 of 1 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Rating | 3.5/5 | 2/5 |
Roboforex
Despite some educational materials such as webinars, videos, and FAQ lists, it seems that RoboForex lacks some vital educational resources.
Pros
- Availability of webinars and video tutorials
Cons
- Lack of courses, seminars, and extensive articles
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
Only matching known values are hidden. Rows with incomplete data stay visible.
Swipe the table left or right to view all data.
Showing 4 of 4 parametersShowing 4 of 4 parameters
| Broker | Roboforex | TeleTrade |
|---|---|---|
| Rating | 4.7/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media | — |
Roboforex
RoboForex offers several communication methods, including online chat, email, and phone. The 24/7 online chat is convenient for clients in different time zones.
Pros
- Multiple support communication channels
- 24/7 customer support
- Telegram bot available
Cons
- Only international phone calls available
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 Roboforex and TeleTrade with other brokers
Conclusion
When choosing between Roboforex and TeleTrade, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: Roboforex or TeleTrade?
Roboforex ranks higher than TeleTrade in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: Roboforex or TeleTrade?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Roboforex 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 Roboforex and TeleTrade?
Roboforex: MetaTrader 5, MetaTrader 4, R WebTrader, R MobileTrader, R StocksTrader. TeleTrade: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with Roboforex and TeleTrade?
Roboforex: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF. 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 Roboforex and TeleTrade?
Roboforex: Pro, Pro-Cent, ECN, Prime, R StocksTrader. TeleTrade: Standard, ECN, NDD, TeleTrade Invest. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Roboforex and TeleTrade?
Roboforex: Online wallets, Bank Transfer, Credit and Debit Cards, Online banking. TeleTrade: Skrill, FasaPay, WebMoney, Swift, SEPA, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — Roboforex or TeleTrade — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
