TeleTrade vs UFX 2023

TeleTrade has a trust score of 71, giving it a "Average Risk" 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.

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

Founded in 1994, TeleTrade offers the full MetaTrader suite (both MT4 and MT5) as well as its proprietary TeleTrade Analytics mobile app that delivers news and market analysis. However, TeleTrade holds just one regulatory license, bringing its Trust Score rating down.

UFX offers the full MetaTrader suite (MT4 and MT5) as well as its proprietary UFX Trader app. Though spreads at UFX are wider than the industry average, the broker does offer a growing selection of markets. That being said, and its own proprietary platform, as well as a growing selection of markets. That being said, UFX recently renounced it's only regulatory license. It's crucial to ensure that your forex broker is properly licensed before opening a trading account. Learn more about the importance of regulation in the forex industry by visiting our Trust Score page.

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. unfortunately, neither TeleTrade nor UFX are Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have USA (CFTC Authorized)

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, TeleTrade is Cyprus (CySEC Authorised), while UFX is none.. 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 TeleTrade nor UFX 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).

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

Both TeleTrade and UFX 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.

TeleTrade requires a minimum deposit of $100, while UFX requires a minimum deposit of $100. From our testing we found TeleTrade offers spreads of N/A, while UFX offers spreads of 3. Both TeleTrade and UFX offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits.. Neither have PayPal (Deposit/Withdraw)

TeleTrade offers a more diverse selection of investment options than UFX allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).. Neither have Spread Betting and Agriculturals Looking at total tradeable symbols, TeleTrade has 500, compared to 619 from UFX.

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 TeleTrade nor UFX allow you to trade physical cryptocurrencies.

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

Broker Reviews