ScoreCM 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 - ScoreCM or TeleTrade?
Our pick: TeleTrade
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - TeleTrade looks preferable to ScoreCM.
TeleTrade scored 3.6/5 and ranks 57 in our all Forex brokers list, whereas ScoreCM has 3.4/5 and ranks 60.
This is not financial advice. See the full comparison below.
Who is ScoreCM suitable for?
ScoreCM is suitable for beginners and active scalpers with a modest deposit looking to trade on MT5 with high leverage, but not seeking a wide range of markets.
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 ScoreCM and TeleTrade
| Broker | ScoreCM | TeleTrade |
|---|---|---|
| Rating | 3.4/5 | 3.6/5 |
| Foundation Year | 2024 | 2000 |
| Regulated in Countries | Dominica, 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 | ScoreCM Review | TeleTrade Review |
ScoreCM Review
ScoreCM is ideal for those looking to quickly start on MT5 with a small deposit and high leverage — suitable for beginners testing strategies and active scalpers. However, its offshore regulation and limited range of instruments make the platform less attractive for investors with substantial capital and those seeking broad diversification. Overall, the broker presents itself as a reliable entry-level 'workhorse' that requires cautious risk management.
Pros and Cons of ScoreCM
Pros
- Low entry threshold — Standard account opens with $10.
- High leverage up to 1:1000 (Forex) on the basic plan.
- Multiple commission-free deposit/withdrawal methods.
- Fast account opening: short form, auto-generated password, same-day verification.
- 24/5 multi-channel support.
Cons
- Offshore regulation and no compensation scheme.
- Short operating history (since 2024) and limited public reputation.
- Limited market offering — approximately 60 CFDs; no CFDs on stocks and soft commodities.
- High spreads/swaps on the Standard account and an annual $25 inactivity fee.
- Only one platform available (MT5).
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 | ScoreCM | TeleTrade |
|---|---|---|
| Reliability | 3.2/5 | 3/5 |
| Foundation Year | 2024 | 2000 |
| Regulated in Countries | Dominica, Comoros | Saint Vincent and the Grenadines |
| Regulators |
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ScoreCM
ScoreCM is regulated by offshore FSU authorities in Dominica and Mwali, publishes licensing information and claims segregation of client funds, but lacks compensation schemes and has a brief operational history.
Pros
- Two active licenses
- Segregation of client funds
Cons
- Low-tier offshore regulators
- No compensation fund
- Short operating history
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 | ScoreCM | TeleTrade |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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ScoreCM
The ScoreCM registration process is swift: a concise form, an email with a password, and a step-by-step KYC wizard. Account funding is possible within a few hours.
Pros
- 2–3 minutes to complete the form
- Intuitive KYC wizard
- Quick document approval
Cons
- Mandatory submission of 4 documents for KYC
- No social media registration
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 | ScoreCM | TeleTrade |
|---|---|---|
| Account Types | 3/5 | 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 |
ScoreCM
Three account types cover basic needs, but there is a lack of variety: no cent, fixed-spread, ECN/STP, or Islamic accounts, and copy trading/PAMM services are absent.
Pros
- Deposit starting at $10
- Raw spreads on Pro/Elite accounts
Cons
- No cent or fixed-spread account
- No Islamic (swap-free) plan
- No copy trading/PAMM
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 | ScoreCM | TeleTrade |
|---|---|---|
| Commissions | 2.5/5 | 2.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.8 | 1.8 |
| Commission per Lot | $3.5 | $0.86 |
ScoreCM
ScoreCM fees are moderate: $3.5 per lot on Pro/Elite accounts are competitive, but the Standard account, with a spread of 1.8 points and high swaps, is more expensive; the annual $25 inactivity fee slightly raises overall costs.
Pros
- No deposit/withdrawal fees
Cons
- High spreads and swaps on the Standard account
- $25/year account inactivity fee
- No discounts for high volume trading
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 | ScoreCM | TeleTrade |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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ScoreCM
The absence of internal fees combined with a broad range of methods makes deposits and withdrawals convenient.
Pros
- No broker fees
- Minimum deposit of $10
- Instant deposit via e-wallet or cryptocurrency
Cons
- No option to deposit or withdraw via card
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 | ScoreCM | TeleTrade |
|---|---|---|
| Markets and Products | 3/5 | 4.5/5 |
| Forex | 42 | 76 |
| Precious Metals | 10 | 17 |
| Energy Carriers | 4 | 4 |
| Indices | 6 | 26 |
| Cryptocurrency | 5 | 79 |
| Soft Commodities | - | 7 |
| Stocks | - | 146 |
| Bonds | - | 3 |
ScoreCM
ScoreCM offers roughly 60 CFDs, covering currencies, metals, oil/gas, indices, and a few cryptocurrencies. The absence of stocks and soft commodities renders the range noticeably poorer than that of most competitors.
Pros
- High leverage up to 1:1000
- CFDs available on cryptocurrencies
Cons
- Only about 60 instruments available
- No CFDs on stocks
- No soft commodities
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 | ScoreCM | TeleTrade |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
| Trading Platforms |
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ScoreCM
The MT5 desktop, web, and mobile platforms cover most needs, but the absence of alternatives (MT4/cTrader/TradingView) and social features restrict flexibility.
Pros
- Comprehensive MT5 offering: desktop, web, and mobile applications
- Support for algo trading and the MQL5 marketplace
Cons
- No MT4, cTrader, or TradingView
- No copy trading or social signals
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 | ScoreCM | TeleTrade |
|---|---|---|
| Rating | 3/5 | 4/5 |
ScoreCM
ScoreCM provides an economic calendar, a suite of calculators, a converter, and Autochartist — offering sufficient basic tools, though lacking proprietary reviews, webinars, and smart signals, resulting in only average analytics.
Pros
- Economic calendar
- Trading calculators
- Autochartist plugin
Cons
- Lacks daily market reviews and trade ideas
- No webinars/video analytics
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 | ScoreCM | TeleTrade |
|---|---|---|
| Rating | 3/5 | 2/5 |
ScoreCM
The text-based courses and extensive glossary provide a solid theoretical foundation, however without video content, webinars, and interactive elements, the ScoreCM educational package remains average for the market.
Pros
- Approximately 90 lessons across all levels
- Clear structure
- Extensive industry glossary
Cons
- No video lessons or webinars
- No interactive quizzes
- No live expert support
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 | ScoreCM | TeleTrade |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media | — |
Telegram
Twitter
LinkedIn
Instagram
Facebook
YouTubeScoreCM
Multi-channel 24/5 support, approximately 30-minute response times, and withdrawal requests resolved within 2–4 hours — a high level of service from ScoreCM.
Pros
- Live chat, email, phone, WhatsApp, Telegram
- Average response time ≤ 30 minutes
- Quick issue resolution
Cons
- Peak times may see delays in chat responses
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 ScoreCM and TeleTrade with other brokers
Conclusion
TeleTrade stands out as the better overall pick, while ScoreCM trails on aggregate criteria.
TeleTrade scored 3.6/5 and ranks 57 in our rating; ScoreCM has 3.4/5 and ranks 60.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: ScoreCM or TeleTrade?
TeleTrade comes out ahead by overall rank (score 3.6/5, position 57) versus ScoreCM (score 3.4/5, position 60).
Which broker is better for beginners: ScoreCM or TeleTrade?
TeleTrade 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) — ScoreCM 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 ScoreCM and TeleTrade?
ScoreCM: MetaTrader 5. TeleTrade: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with ScoreCM and TeleTrade?
ScoreCM: Forex, Precious Metals, Energy Carriers, Indices, 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 ScoreCM and TeleTrade?
ScoreCM: Standard, Pro, Elite. TeleTrade: Standard, ECN, NDD, TeleTrade Invest. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by ScoreCM and TeleTrade?
ScoreCM: SticPay, Payment Asia, Swift, SEPA. TeleTrade: Skrill, FasaPay, Perfect Money, WebMoney, Swift, SEPA, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — ScoreCM or TeleTrade — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
