AvaTrade vs TeleTrade - Fees Review included
Which broker is better AvaTrade or TeleTrade? Our expert assessment conducted according to TU’s own methodology showed that AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.16 out of 10. TeleTrade is one of the top brokers in the financial market with the TU Overall Score of 8.92 out of 10. Find out more about TU Overall Score.
| Feature | AvaTrade | TeleTrade |
|---|---|---|
Overall |
4.6 |
4.3 |
4.7 |
4.4 |
|
4.4 |
4.6 |
|
4.4 |
4.0 |
|
Investment Instruments |
4.2 |
4.5 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
4.2 |
Research |
4.4 |
4.5 |
Education |
4.8 |
4.0 |
Support |
4.6 |
4.6 |
Bonuses |
3.9 |
44655 |
|
|
|
AvaTrade vs TeleTrade: Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
“TeleTrade” broker was established in 1994. Today, this company provides its customers with a possibility to trade on the financial market. Traders are able to work with currency pairs, futures and contracts for difference. “TeleTrade” broker is a member and one of the initiators of the self-regulatory organization called NAFD.
| AvaTrade | TeleTrade | |
|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | Reliable regulation |
| a wide range of trading instruments | Low fees | |
| Swap-free account | Passive investment tools available | |
| Advanced copy trading tools | Good selection of analytics tools | |
| A lot of educational content | ||
| Low fees | ||
| Optioins trading | ||
| Overall Cons | customer service efficiency and response time | Limited choice of assets for trading |
| There is no ECN account | Low probability of replenishment of the savings | |
| Market maker(dealing desk) type of broker | No bonuses for traders |
AvaTrade vs TeleTrade: Safety and Regulation
| Regulated By: | AvaTrade | TeleTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577) |
MiFID (EU) |
AvaTrade vs TeleTrade: Trading Conditions
| Trading Conditions | AvaTrade | TeleTrade |
|---|---|---|
Minimum Deposit |
$100 |
$1 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
MT4, MT5 |
Max Leverage (Futures) |
1-400 |
1-500 |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Forex, CFD on metals, energies, indices, stocks, crypto |
Trading assets |
100+ |
200+ |
Trading Accounts |
Standard, Professional account |
MetaTrader 5 - ECN, MetaTrader 4 - NDD, MetaTrader - CENT, Demo Account |
Base Account Currencies |
EUR, USD |
USD, EUR |
AvaTrade vs TeleTrade: Fees
Forex Trading Fees
| Fee | AvaTrade | TeleTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
0.9 pips |
0.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
0.008-0.1% per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | AvaTrade | TeleTrade |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | AvaTrade | TeleTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Bank Transfer - 0%, Visa, MasterCard - 3.5%, Skrill - 2.9%, Neteller - 3.9% + $0.29 |
Withdrawal Fee |
No |
SEPA - $1, Non-SEPA - 0.1%, Visa, MasterCard - 2.35% + 1 EUR/1.30 USD, Neteller - 2%, Skrill - 1% |
Inactivity Fee |
$50 per quarter after 3 months of inactivity |
$50 per month after 3 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AvaTrade vs TeleTrade: Trading Assets
| Asset Name | AvaTrade | TeleTrade |
|---|---|---|
Overall |
1000+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
AvaTrade or TeleTrade: Investment Programs
| Asset Name | AvaTrade | TeleTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
Yes |
Other |
Bonds |
No |
Trading Platforms: TeleTrade or AvaTrade
| AvaTrade | TeleTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
AvaTradeGo, AvaOptions |
No |
Others |
No |
No |
|
|
|
AvaTrade vs TeleTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AvaTrade | TeleTrade |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for Australian and EU clients) |
Yes |
Crypto |
No |
No |
AvaTrade vs TeleTrade: Research
| Research Type | AvaTrade | TeleTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
AvaTrade vs TeleTrade: Education
| Education Type | AvaTrade | TeleTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
Yes |
Yes |
TeleTrade vs AvaTrade: Support
| Support Features | AvaTrade | TeleTrade |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
AvaTrade vs TeleTrade: Forex Bonuses and Promo
| Promo | AvaTrade | TeleTrade |
|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
100% welcome bonus |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
For each invited client, a trader can receive $20 if the trader is active (fulfills the broker's requirements for the largest amount) - $500. |
Other Promos |
No |
|
|
|
|
Top 5 Reviews on TeleTrade
-
Comment
TeleTrade is a normal broker. I’ve been cooperating with them since the beginning of 2018 and overall I’m happy with everything. Good order execution, low spreads, convenient user account, many ways to deposit/withdraw. At first, the complete absence of promotions and bonuses was unusual, but I understood that all reputable brokers don’t really offer them. Overall I’m satisfied. The TeleTrade broker works honestly and does not commit manipulations.
-
Comment
I think that if there are dissatisfied with the TeleTrade broker, it is quite a bit, 10%, no more) It's a joke))) The company is very suitable for trading on Forex. I've been here for a very long time, and I can say that this is 100% not a scammer! Trade, be satisfied!
-
Comment
TeleTrade has been on the market for a long time. This means that she can definitely be trusted. And I am her client, although I do not always agree with the conditions that the broker provides. The company is normal, that's for sure, don't be afraid to open an account here.
-
Comment
I will not say that I am a pro in the foreign exchange market, but I am no longer a beginner either. I have been trading for 3 years, and from the first day in TeleTrade. A very reliable company. And responsible. Withdrawal requests are always processed within the agreed time frame, quotes are not changed. For experienced traders, there are ECN accounts, but I just can’t sharpen my strategy for a brokerage commission, so I work on the classics, where there is only a spread. I also like that the TeleTrade website has a lot of useful information that can be useful not only for beginners. For example, I got the idea for my trading system, which is based on entering the market after the breakdown of the morning flat, on the broker's website. So far, I am satisfied with the cooperation with TeleTrade.
-
Comment
There are pros and cons to TeleTrade. The leverage needs to be increased and the spread needs to be reduced. So that traders have more profit. Then clients will seek to work with TeleTrade. On the plus side, the trading platform works very well, I have not seen any failures.
Top 5 Reviews on AvaTrade
-
Comment
I decided to test the waters with AvaTrade by using their demo account, and I must say, the experience was quite good. It helped me get familiar with the platform and how trading works. Now, I'm considering transitioning to a real account. However, my final verdict hinges on how smooth the deposit and withdrawal processes are. If these aspects meet my expectations, AvaTrade will definitely earn a 5-star rating from me. Otherwise, it might drop to 3 or 4 stars. Nonetheless, I appreciate the overall experience and commend the team for their efforts.
-
Comment
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries. If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options. However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away. Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
-
Comment
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
-
Comment
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
-
Comment
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.