OANDA vs Teletrade, Who's Better?
OANDA Rating
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Teletrade Rating
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Losses can exceed deposits |
Your capital is at risk |
OANDA vs Teletrade Guide |
Read our In-Depth OANDA vs Teletrade Review - for 2024
This OANDA vs Teletrade review has been revised for 2024 from seasoned professionals with extensive expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of OANDA vs Teletrade does not apply to all countries as follows:
OANDA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Teletrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare OANDA vs Teletrade
Each trading platforms feature certain ups and downs, and any comprehensive analysis of OANDA vs Teletrade cannnot be regarded as thorough without having a balanced approach.
Assess Teletrade and OANDA to understand the way these platforms stack up against each other before you decide to create an account. Performing a side-by-side comparison will bring aspects into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between OANDA or Teletrade. Who should you choose?
This OANDA vs Teletrade comparison contains the latest information so you can easily compare Teletrade against OANDA.
If you are a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal broker who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. OANDA and Teletrade are just two such companies which will take you and your investment into great heights. It is crucial that you compare OANDA vs Teletrade before you trust them with your cash.
Our OANDA vs Teletrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OANDA and Teletrade side by side.
Our full OANDA vs Teletrade Review covers everything you will need to know about trading with either OANDA or Teletrade. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It is a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
OANDA and Teletrade are both brokers which have paved their way successfully to the brokerage world. Within this review, we've tried to collate some of the important aspects of both OANDA and Teletrade. This review will help you to understand whether either Teletrade or OANDA is a good match for your investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
Benefits of OANDA and Teletrade Compared
OANDA has a minimum deposit of $1 while Teletrade offers a $100 minimum deposit.
Why smaller minimum deposits are good and how OANDA and Teletrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
OANDA has around 100 financial instruments whilst Teletrade allows you to trade around 100 on their platform.
The more financial instruments you can trade on the OANDA and Teletrade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of OANDA or Teletrade.
OANDA and Teletrade Contact Details
Being able to contact an online trading platform simply is important. OANDA and Teletrade have the following contact details and social medias that you can use.
Broker | OANDA | Teletrade |
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OANDA Twitter Account | Teletrade Twitter Account | |
OANDA Facebook Page | Teletrade Facebook Page | |
OANDA Instagram Account | Teletrade Instagram Account | |
OANDA LinkedIn Page | Teletrade LinkedIn Page | |
YouTube | OANDA YouTube Channel | Teletrade YouTube Channel |
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Teletrade and OANDA Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of OANDA and Teletrade we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
OANDA vs Teletrade - Awards
OANDA vs Teletrade - Frequently Asked Questions
OANDA vs Teletrade - Headquarters And Year Of Founding
OANDA was founded in 1996 and has its head office in United States, Canada.
Teletrade was founded in 2008 and has its head office in Cyprus.
What is the minimum deposit for Teletrade or OANDA
The minimum deposit for OANDA is $1.
The minimum deposit for Teletrade is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both OANDA and Teletrade are a good option.
OANDA vs Teletrade - Regulation And Licencing In More Detail
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both OANDA and Teletrade have a powerful set of rules for ensuring fair trading on their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare OANDA vs Teletrade Commission And Fees
OANDA and Teletrade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an internet broker is not necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you are paying a spread, financing rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are charged when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither OANDA or Teletrade charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by OANDA and Teletrade are comparatively competitive. Consequently, you are charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not related to the purchase and sale of resources.
This OANDA vs Teletrade review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For OANDA And Teletrade
Broker | OANDA | Teletrade |
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Minimum Deposit | $1 | $100 |
Withdrawal Fees | No | No |
Inactivity Fees | No | No |
Deposit Fees | No | No |
CFD Fees | No | Yes |
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What Languages Do OANDA And Teletrade Support?
Being able to talk easily with your online platform is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you will find all the languages that both OANDA and Teletrade support.
How Many Clients Do OANDA and Teletrade Have?
Both OANDA and Teletrade are well known and trusted. It is important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users OANDA and Teletrade have
Broker | OANDA | Teletrade |
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Clients / Users | 10,000+ | 50,000+ |
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What Payment Methods Do OANDA and Teletrade Accept?
OANDA and Teletrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at OANDA and Teletrade
Broker | OANDA | Teletrade |
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Bank Transfers | Yes | No |
Credit Cards | Yes | No |
PayPal | No | No |
Skrill | No | Yes |
Payoneer | Yes | No |
Neteller | No | Yes |
Find Out More |
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What Can You Trade With OANDA and Teletrade?
OANDA offers 100 trading instruments while Teletrade offers 221.
Below you will find a full breakdown of what both OANDA and Teletrade offer.
OANDA Review
OANDA vs Teletrade:
Table Of Contents
- Compare OANDA vs Teletrade
- Benefits of OANDA and Teletrade Compared
- Teletrade and OANDA Mobile App Comparison
- OANDA vs Teletrade - Awards
- OANDA vs Teletrade - Frequently Asked Questions
- What is the minimum deposit for Teletrade or OANDA
- OANDA vs Teletrade - Regulation And Licencing In More Detail
- Compare Broker Fees For OANDA And Teletrade
- What Languages Do OANDA And Teletrade Support?
- How Many Clients Do OANDA and Teletrade Have?
- What Payment Methods Do OANDA and Teletrade Accept?
- What Can You Trade With OANDA and Teletrade?