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TD Ameritrade vs TeleTrade 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between TD Ameritrade and TeleTrade? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, TD Ameritrade ranks more highly than TeleTrade.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Compare

0 of 5
Overall RatingTD AmeritradeTeleTrade
Overall Rating 9.5 / 10 7 / 10
Account TypeTD AmeritradeTeleTrade
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingTD AmeritradeTeleTrade
Social Trading / Copy Trading No Yes
DupliTrade No No
ZuluTrade No Yes
CryptocurrencyTD AmeritradeTeleTrade
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No Yes
Bitcoin Yes Yes
ethereum No Yes
Forex Trading (Spot or CFDs)TD AmeritradeTeleTrade
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)TD AmeritradeTeleTrade
DAX No Yes
Dow Jones No Yes
FTSE No Yes
NASDAQ 100 No Yes
Nikkei No Yes
SP 500 No Yes
InvestmentsTD AmeritradeTeleTrade
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No Yes
Metals No Yes
Energies No Yes
Agriculturals No No
ETF No No
U.S. Stocks (CFD) No Yes
Trading PlatformsTD AmeritradeTeleTrade
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
Regulatory LicensesTD AmeritradeTeleTrade
Tier-1 Licenses 4 0
Australia (ASIC Authorised) No No
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes No
Hong Kong (SFC Authorised) Yes No
Singapore (MAS Authorised) Yes No
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) Yes No
Tier-2 Licenses 0 1
Tier-3 Licenses 0 0
Research, EducationTD AmeritradeTeleTrade
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) Yes No
Videos - Beginner Trading Videos Yes No
Client Webinars (Archived) Yes No
Trading CostsTD AmeritradeTeleTrade
Minimum Deposit $0 $100
Average Spread EUR/USD - Standard 1.25 info N/A
All-in Cost EUR/USD - Active 1.25 info N/A
Active Trader or VIP Discounts No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) No Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsTD AmeritradeTeleTrade
Watchlists - Total Fields 564 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 360 35
Mobile Charting - Indicators / Studies 360 35
Trust FactorsTD AmeritradeTeleTrade
Year Founded 1955 1994
Publicly Traded (Listed) Yes No
Bank Yes No
European Union Authorised (MiFID) Yes info Yes info
Trust Score 99 67
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TD Ameritrade vs TeleTrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade vs TeleTrade.

Can I trust TD Ameritrade?

TD Ameritrade has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust TeleTrade?

TeleTrade has a trust score of 67, giving it a "High Risk" trust label.

Is TD Ameritrade a good broker?

TD Ameritrade, part of financial conglomerate Charles Schwab, is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, TD Ameritrade's forex offering consists of just over 70 currency pairs, along with powerful research, trading tools, and comprehensive educational resources for investing.

Is TeleTrade a good broker?

TeleTrade is primarily a MetaTrader broker that is best known for its mobile analytics app. Holding just one regulatory license, TeleTrade's trust factor is well below than the industry average.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. TD Ameritrade is Hong Kong (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized), while TeleTrade is none.. Neither have Australia (ASIC Authorised), Canada (SRO Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, TD Ameritrade is none, while TeleTrade is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses unfortunately, neither TD Ameritrade nor TeleTrade are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

For trading platforms TD Ameritrade supports a Proprietary Platform and Desktop Platform (Windows), whereas TeleTrade supports a Desktop Platform (Windows) and ZuluTrade.. Neither have cTrader and DupliTrade

Does TD Ameritrade offer MetaTrader? Does TeleTrade offer MetaTrader?

For MetaTrader TD Ameritrade provides neither of these, while TeleTrade provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do TD Ameritrade and TeleTrade differ in terms of minimum deposit? What about average spreads and funding options?

TD Ameritrade requires a minimum deposit of $0, while TeleTrade requires a minimum deposit of $100. From our testing we found TD Ameritrade offers spreads of 1.25, while TeleTrade offers spreads of N/A. TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where TeleTrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).. Neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, TD Ameritrade or TeleTrade?

TD Ameritrade offers a more diverse selection of investment options than TeleTrade allowing you to trade Forex Trading (Spot or CFDs).. Neither have Spread Betting, Agriculturals and ETF Looking at total tradeable symbols, TD Ameritrade has 0, compared to 500 from TeleTrade.

Can I trade cryptocurrency with TD Ameritrade or TeleTrade?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither TD Ameritrade nor TeleTrade allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or TeleTrade?

In terms of research and research tools TD Ameritrade gives traders the following tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). In comparison TeleTrade has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading.. Neither have Autochartist and Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

TD Ameritrade Review

Teletrade Review

Overall winner: TD Ameritrade

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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