TeleTrade vs ThinkMarkets Comparison
ThinkMarketsWe test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of TeleTrade and ThinkMarkets
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Rating | 3.6/5 | 4/5 |
| Foundation Year | 2000 | 2009 |
| Regulated in Countries | Saint Vincent and the Grenadines | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | TeleTrade Review | ThinkMarkets Review |
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.
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
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.
ThinkMarkets Review
ThinkMarkets is a highly regulated broker with licenses from the FCA and ASIC, confirming its reliability and operations transparency. The broker offers a wide range of trading platforms suitable for beginners and experienced traders. Extensive analytical resources and educational materials help traders to develop their skills and improve trading efficiency. Round-the-clock support ensures that help is always available, no matter the time of day.
ThinkMarkets is ideal for traders who are looking for a reliable and well-regulated broker with a variety of technological solutions and analytical tools. The broker is especially suitable for active traders who are willing to invest time in learning the market through the training materials offered.
Pros and Cons of ThinkMarkets
Pros
- Wide range of trading platforms.
- Strong analytical support.
- Extensive educational materials.
- 24/7 technical support.
Cons
- Limited choice of trading accounts.
- Withdrawal fees and account inactivity fees.
Reliability
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Reliability | 3/5 | 5/5 |
| Foundation Year | 2000 | 2009 |
| Regulated in Countries | Saint Vincent and the Grenadines | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators | SVGFSA SVGFSA | SFSA SFSA - FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA JFSA JFSA CIMA CIMA |
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).
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
|
|
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.
ThinkMarkets
The account opening process at ThinkMarkets is simple and convenient. However, due to the possible verification process taking up to 2 days, the account opening process may not be as fast as desired.
Account Types
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Account Types | 3.5/5 | 3.3/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
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.
ThinkMarkets
ThinkMarkets offers two main types of accounts, but the variety of accounts is limited, and there are no accounts for certain groups of traders.
Pros
- Free VPS
- Ability to copy trades of successful traders
Cons
- Lack of cent accounts and fixed spread accounts
- No Islamic account
Commissions
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Commissions | 2.5/5 | 2.3/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.8 | 1.2 |
| Commission per Lot | $0.86 | $3.5 |
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.
ThinkMarkets
ThinkMarkets has average market commissions, making it accessible for most traders. However, it should be noted that the broker charges some non-trading commissions.
Pros
- Transparent commission structure.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Inactivity fee.
Deposit and Withdrawal
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Account Funding Methods |
|
|
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.
ThinkMarkets
The broker offers convenient methods for depositing and withdrawing funds, most of which are commission-free, however, there may be delays in withdrawals.
Pros
- Wide selection of deposit and withdrawal methods.
- No commission for most deposit and withdrawal cases.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Potential long withdrawal times due to meticulous transaction verification
Markets and Products
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 76 | 46 |
| Precious Metals | 17 | 10 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 7 | 3 |
| Indices | 26 | 15 |
| Stocks | 146 | 3305 |
| Bonds | 3 | - |
| Cryptocurrency | 79 | 21 |
| ETF | - | 364 |
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.
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Trading Platforms |
|
|
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.
ThinkMarkets
ThinkMarkets offers a wide selection of platforms, including popular MetaTrader 4 and MetaTrader 5, as well as proprietary developments such as ThinkTrader and ThinkCopy.
Analytics
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
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.
ThinkMarkets
ThinkMarkets provides high-quality analytical tools, making trading informative and productive.
Pros
- Extensive set of market analysis tools.
- Availability of Traders' Gym for strategy testing.
- Daily trading signals and market news.
Cons
- Some tools are only available for certain types of accounts.
Education
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Rating | 2/5 | 4.7/5 |
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.
ThinkMarkets
ThinkMarkets offers high-quality educational materials covering a wide range of topics.
Pros
- Wide range of topics in articles.
- Webinars from experts.
- Materials for traders of all levels.
Cons
- Lack of video tutorials.
Customer Support
| Broker | TeleTrade | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media | — |
Twitter
Facebook
YouTube
LinkedIn
InstagramTeleTrade
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.
ThinkMarkets
ThinkMarkets offers a wide range of communication channels with support, including phone numbers in different countries, email, and online chat. Additionally, support is available 24/7, ensuring prompt assistance at any time of the day.
