TeleTrade vs Vantage Comparison
We 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 Vantage
| Broker | TeleTrade | Vantage |
|---|---|---|
| Rating | 3.6/5 | 4.5/5 |
| Foundation Year | 2000 | 2009 |
| Regulated in Countries | Saint Vincent and the Grenadines | Vanuatu, Cayman Islands, Australia, United Kingdom, South Africa |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | TeleTrade Review | Vantage 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.
Broker Vantage is suitable for intermediate and advanced traders looking for diversity in instruments and platforms.
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.
Vantage Review
Vantage broker offers various trading instruments and platforms, making it attractive for multiple traders. The availability of extensive analytical tools and educational materials can benefit novice traders looking to deepen their knowledge.
Vantage could be a good choice for intermediate and advanced traders seeking a variety of trading instruments and platforms.
Pros and Cons of Vantage
Pros
- Wide range of trading assets.
- Diversity of trading platforms.
- Free VPS.
- Extensive analytical tools.
Cons
- There are complaints about the quality of technical support in the reviews.
Vantage is in the top 10 of the following ratings:
Reliability
| Broker | TeleTrade | Vantage |
|---|---|---|
| Reliability | 3/5 | 5/5 |
| Foundation Year | 2000 | 2009 |
| Regulated in Countries | Saint Vincent and the Grenadines | Vanuatu, Cayman Islands, Australia, United Kingdom, South Africa |
| Regulators | SVGFSA SVGFSA | VFSC VFSC CIMA CIMA ASIC ASIC FCA FCA FSCA FSCA |
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).
Vantage
Vantage broker demonstrates high reliability due to strict regulation in different jurisdictions.
Account Opening
| Broker | TeleTrade | Vantage |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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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.
Vantage
Opening an account with Vantage is quite simple and fast, with clear steps for registration and verification.
Pros
- Simple and fast registration.
- Clear verification requirements.
- Flexible options for minimum deposit.
Account Types
| Broker | TeleTrade | Vantage |
|---|---|---|
| Account Types | 3.5/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| 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.
Vantage
Vantage offers a variety of accounts, satisfying most traders.
Pros
- Sufficient choice of accounts, including ECN.
- Copy-trading and social trading capabilities.
- Loyalty program for active traders.
Cons
- Lack of cent accounts.
- No accounts with fixed spreads.
Commissions
| Broker | TeleTrade | Vantage |
|---|---|---|
| Commissions | 2.5/5 | 4/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.8 | 1.4 |
| Commission per Lot | $0.86 | $3 |
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.
Vantage
Vantage's commissions are average in the market with competitive spreads and swaps.
Pros
- No inactivity fee.
- No internal commissions for deposits/withdrawals.
Deposit and Withdrawal
| Broker | TeleTrade | Vantage |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
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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.
Vantage
Vantage offers flexible funding and withdrawal methods with low commissions, but with some restrictions.
Pros
- Variety of currencies and methods.
- No internal commissions.
- Fast withdrawal process.
Cons
- Restrictions for some countries.
Markets and Products
| Broker | TeleTrade | Vantage |
|---|---|---|
| Markets and Products | 4.5/5 | 4.6/5 |
| Forex | 76 | 35 |
| Precious Metals | 17 | 3 |
| Energy Carriers | 4 | 2 |
| Soft Commodities | 7 | 3 |
| Indices | 26 | 8 |
| Stocks | 146 | 51 |
| Bonds | 3 | - |
| Cryptocurrency | 79 | - |
| ETF | - | 5 |
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.
Vantage
Vantage offers a variety of markets with flexible leverage, but without cryptocurrencies.
Pros
- Wide selection of instruments.
- High leverage up to 1:1000.
- Availability of ETFs and stock CFDs.
Cons
- No cryptocurrencies.
Trading Platforms
| Broker | TeleTrade | Vantage |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Trading Platforms |
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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.
Vantage
Vantage offers a variety of functional trading platforms, meeting the needs of most traders.
Pros
- Wide range of platforms.
- Powerful tools for analysis and trading.
- Convenient mobile application.
Analytics
| Broker | TeleTrade | Vantage |
|---|---|---|
| Rating | 4/5 | 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.
Vantage
Vantage's analytics provide a wide range of tools suitable for different trading styles.
Pros
- Diversity of tools and services.
- Partnership with Trading Central for signals.
- Integration with MT4 and MT5 through Smart Trader Tools.
Education
| Broker | TeleTrade | Vantage |
|---|---|---|
| Rating | 2/5 | 4/5 |
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.
Vantage
Vantage's educational materials are diverse and high-quality.
Pros
- Wide range of materials (webinars, articles).
- Suitable for all levels.
- Relevant topics and analytics.
Cons
- Lack of video tutorials and podcasts.
- No personalized training.
Customer Support
| Broker | TeleTrade | Vantage |
|---|---|---|
| Rating | 5/5 | 3/5 |
| Email Support |
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| Hotline Phones |
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| Social Media | — |
Facebook
Instagram
Twitter
LinkedIn
YouTube
TelegramTeleTrade
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.
Vantage
Vantage's support offers various communication channels, but the service quality is inconsistent.
Pros
- Multiple communication channels.
- Remote support via TeamViewer.
- 24/7 availability.
Cons
- Variable service quality.
- Negative reviews about speed and efficiency.
