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Tickmill vs TeleTrade 2023

BrokerNotes.co

Written by BrokerNotes.co

January 31, 2023

Trying to decide between Tickmill and TeleTrade? We’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, Tickmill 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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Overall RatingTickmillTeleTrade
Overall Rating 7.9 / 10 7 / 10
Account TypeTickmillTeleTrade
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 Yes No
Copy TradingTickmillTeleTrade
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No Yes
CryptocurrencyTickmillTeleTrade
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)TickmillTeleTrade
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)TickmillTeleTrade
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsTickmillTeleTrade
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF No No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsTickmillTeleTrade
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
Regulatory LicensesTickmillTeleTrade
Tier-1 Licenses 1 0
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes No
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 2 1
Tier-3 Licenses 0 0
Research, EducationTickmillTeleTrade
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist Yes No
Investor Dictionary (Glossary) Yes No
Videos - Beginner Trading Videos Yes No
Client Webinars (Archived) Yes No
Trading CostsTickmillTeleTrade
Minimum Initial Deposit $100 $100
Average Spread EUR/USD - Standard 0.51 (August 2022) -1
All-in Cost EUR/USD - Active 0.31 (August 2022) -1
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsTickmillTeleTrade
Watchlists - Total Fields 7 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 30 35
Mobile Charting - Indicators / Studies 30 35
Trust FactorsTickmillTeleTrade
Year Founded 2014 1994
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Trust Score 82 67
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Tickmill 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 Tickmill vs TeleTrade.

Can I trust Tickmill?

Tickmill has a trust score of 82, giving it a "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 – in most cases – 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 “Do Not Trust” rating.

Can I trust TeleTrade?

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

Is Tickmill a good broker?

Tickmill is an excellent, low-cost MetaTrader broker – its Pro and VIP accounts are among the least expensive in the industry. That said, Tickmill offers fewer CFDs than the leading multi-asset forex brokers (though its offering continues to grow).

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. Tickmill is FCA Authorised (U.K.), while TeleTrade is none., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

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, Tickmill is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa), while TeleTrade is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses unfortunately, neither Tickmill nor TeleTrade are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

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

Does Tickmill offer MetaTrader? Does TeleTrade offer MetaTrader?

Both Tickmill and TeleTrade offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

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

Tickmill requires a minimum deposit of $100, while TeleTrade requires a minimum deposit of $100. From our testing we found Tickmill offers spreads of 0.51 (August 2022), while TeleTrade offers spreads of -1. Tickmill supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where TeleTrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Tickmill or TeleTrade?

Tickmill offers a more diverse selection of investment options than TeleTrade allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD)., neither have Spread Betting and ETF Looking at total tradeable symbols, Tickmill has 295, compared to 500 from TeleTrade.

Can I trade cryptocurrency with Tickmill 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 — including spot forex contracts. In terms of trading physical cryptocurrency neither Tickmill nor TeleTrade allow you to trade physical cryptocurrencies.

Who offers more research tools, Tickmill or TeleTrade?

In terms of research and research tools Tickmill gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. 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 Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

Tickmill Review

Teletrade Review

Overall winner: Tickmill

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” 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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