Exness vs TeleTrade - Fees Review included
Which broker is better Exness or TeleTrade? Our expert assessment conducted according to TU’s own methodology showed that Exness is one of the top brokers in the financial market with the TU Overall Score of 9.34 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 | Exness | TeleTrade |
|---|---|---|
Overall |
4.7 |
4.3 |
4.8 |
4.4 |
|
4.8 |
4.6 |
|
3.9 |
4.0 |
|
Investment Instruments |
4.1 |
4.5 |
Platforms and Charting Tools |
4.2 |
4.5 |
Deposit and Withdrawal |
4.6 |
4.2 |
Research |
4.7 |
4.5 |
Education |
4.8 |
4.0 |
Support |
4.5 |
4.6 |
Bonuses |
3.1 |
44655 |
|
|
|
Exness vs TeleTrade: Pros and Cons
Exness Trading Company has been working in the Forex market since 2008. The broker’s activity is managed by Nymstar Limited, a company registered in the Republic of Seychelles. The service is regulated by licenses of CySEC (Cyprus Securities Commission), FCA (Office of Financial Regulation and Supervision of Great Britain) and FSA (Office of Financial Regulation and Supervision of the Republic of Seychelles). The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrency, stocks, more than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. An infinite leverage makes it possible to earn on small deposits up to $999. There are several options for opening an account depending on the traders’ needs. A demo account is available - a training account that is useful for both beginner level traders and professional traders.
“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.
| Exness | TeleTrade | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:2000 | Reliable regulation |
| Big choice of ECN/STP accounts | Low fees | |
| Low trading and non trading fees | Passive investment tools available | |
| Free VPS hosting | Good selection of analytics tools | |
| Quotes history | ||
| Overall Cons | Not a big choice of trading assets | Limited choice of assets for trading |
| No forex bonuses | Low probability of replenishment of the savings | |
| No bonuses for traders |
Exness vs TeleTrade: Safety and Regulation
| Regulated By: | Exness | TeleTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
FSA (Seychelles) |
MiFID (EU) |
Exness vs TeleTrade: Trading Conditions
| Trading Conditions | Exness | TeleTrade |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
MT4, MT5, MultiTerminal |
MT4, MT5 |
Max Leverage (Futures) |
1-2000 |
1-500 |
Supported Markets |
Currencies, assets of stock and commodity markets, cryptocurrencies |
Forex, CFD on metals, energies, indices, stocks, crypto |
Trading assets |
100+ |
200+ |
Trading Accounts |
Standard, Standard Cent, Standart Plus, Raw Spread, Zero, Pro |
MetaTrader 5 - ECN, MetaTrader 4 - NDD, MetaTrader - CENT, Demo Account |
Base Account Currencies |
USD |
USD, EUR |
Exness vs TeleTrade: Fees
Forex Trading Fees
| Fee | Exness | TeleTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
0.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3.5 per lot |
0.008-0.1% per lot |
ECN Account EUR Average Spread |
0.1 pip |
0.2 pips |
CFD Trading Fees
| Fee | Exness | TeleTrade |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Exness | 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 |
No |
$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.
Exness vs TeleTrade: Trading Assets
| Asset Name | Exness | TeleTrade |
|---|---|---|
Overall |
100+ trading assets |
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 |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Exness or TeleTrade: Investment Programs
| Asset Name | Exness | TeleTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: TeleTrade or Exness
| Exness | TeleTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
Exness terminal |
No |
Others |
No |
No |
|
|
|
Exness vs TeleTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Exness | TeleTrade |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Exness vs TeleTrade: Research
| Research Type | Exness | TeleTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Exness vs TeleTrade: Education
| Education Type | Exness | TeleTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
Yes |
Yes |
TeleTrade vs Exness: Support
| Support Features | Exness | TeleTrade |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Exness vs TeleTrade: Forex Bonuses and Promo
| Promo | Exness | TeleTrade |
|---|---|---|
Forex Bonus |
Not offered |
100% welcome bonus |
Affiliate Program |
40% of trading commissions |
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 Exness
-
Comment
I want to share how fast Exness and their team is to respond when you need help. I've gotta say, lam impressed. Whenever I've had a question regarding the site, their support team has been right there, ready to lend a hand. There was this one time I had an issue with a trade, and I needed help ASAP. I referred to their site which stated that their online support was available 24/7, so I gave it a shot and got a reply almost immediately. It's like they're always on standby, ready to tackle any problem that comes their way. Every time l've reached out, they've been super friendly and actually solved my problem.
-
Comment
So far, moving money around with Exness has been smooth and easy for me. Whether I'm depositing funds to jump on a trading opportunity or cashing out my profits, the process has been hassle-free. One thing that I greatly appreciate is the responsiveness of their site in processing deposits. Accessible buttons are all over the site so no troubles are encountered trying to find that specific button to do that one thing. On top of that, on the off chance that you're experiencing delays, people from their team are easily approachable to help you out. If you're after a broker that handles your funds smoothly and has your back when things don't go as planned, Exness is worth checking out.
-
Comment
Traders can utilize the risk management features available on Exness to minimize the risk of losing trades easily when they are trading cryptocurrencies like Bitcoin. This has become a popular strategy among traders of all levels and it is recommended. Doing this is easy on Exmess, you can set the volume in units for your BTC,volume in lots, and volume in currency. Including a stop-loss order helps to limit potential losses by automatically closing a trade when the price reaches a specified level. To use a stop-loss, determine the level at which you are willing to accept a loss if the trade moves against you. A take-profit order is used to lock in profits by automatically closing a trade when the price reaches a specified level. To use a take-profit determine the level at which you want to take profits if the trade moves in your favor.
-
Comment
I consider Exness to be a straightforward and reliable broker. This company has been operating for a long time, and many traders trust it. The broker holds several licenses depending on the country where the company provides services. One of the company's features is the ability to open an account in any convenient currency, although I prefer euros. Also, Exness offers a wide range of trading instruments, and I mainly use highly liquid currency pairs.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
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.