Teletrade Alternatives: Pros, Cons, And How It Compares 2024 Update
This alternatives to Teletrade guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Teletrade to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Teletrade like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that Teletrade is not quite right for you then it would be worth getting a demo account with a few of the best Teletrade alternatives and check if they are a better fit for you before moving any money around.
The most complete guide to Teletrade alternatives on the web
There's a lot of reasons Teletrade may not be a good fit for you. Whatever reason you are hunting for the best Teletrade alternative or Teletrade competitor with better services, we try to give you as much helpful information so you can make an informed decision. Below you can discover the top Teletrade alternatives.
For each of our alternative to Teletrade, we break down the key differences to Teletrade and for each platform feature show you the best alternatives. For each Teletrade alternative online broker shown we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with Teletrade, find some great alternative brokersbrokers|online trading platforms|brokerages.
Using a reputable and dependable broker is important for having a successful trading career. All of the Teletrade alternative brokers we list in this Teletrade alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
Teletrade has a minimum desposit of $100, you should check how the minimum deposit requirements of Teletrade compare with the minimum deposit requirements of Teletrade competitors. Trading platforms often offer lower minimum deposits to get users to join with them, but having higher a minimum deposit isn’t always a bad thing, it all depends on your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Teletrade |
$100 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 |
Alternatives Offering Demo Accounts
Teletrade offers demo accounts so you can test your trading strategies before risking any real money. New traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before risking a live account.
Below we detail some of the best alternatives to Teletrade that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Teletrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Teletrade doesn't provide negative balance protection. If your balance is unfavorable, Teletrade indicates that you promptly contact client services. Then you can correct any imbalances within your account.
Below we list some of the best alternatives to Teletrade that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Teletrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Teletrade regrettably, does not offer guaranteed stop loss. Teletrade gives a chance for its traders to close their trades at their specified price. Apart from that, Teletrade does not offer guaranteed stop loss.
Below we list some of the best Teletrade alternatives that have guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Teletrade |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Teletrade do allow scalping. Many traders across the world select Teletrade for their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) which allow this.
Below we show some of the top alternatives to Teletrade that offer scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Teletrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Teletrade do permit hedging. Many traders around the world choose Teletrade due to their large range of services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android).
Below we list some of the best alternatives to Teletrade that allow hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Teletrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Regretably, Teletrade does not offer social trading.
Below we detail some of the best Teletrade alternatives that have social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Teletrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Regretably, Teletrade does not offer copy trading.
Below we detail some of the top alternatives to Teletrade that has copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Teletrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Teletrade To All Other Brokers