OctaFX vs Teletrade, Who's The Best?
OctaFX Rating
|
Teletrade Rating
|
Losses can exceed deposits |
Your capital is at risk |
OctaFX vs Teletrade Guide |
Read our In-Depth OctaFX vs Teletrade Review - 2024 Update
This OctaFX vs Teletrade review has been refreshed for 2024 from seasoned professionals boasting extensive expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of OctaFX vs Teletrade does not apply to all countries as follows:
OctaFX 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 OctaFX vs Teletrade
Every platforms for online trading feature some ups and downs, and any comprehensive analysis of OctaFX vs Teletrade cannnot be complete without adopting an objective perspective.
Examine Teletrade and OctaFX in order to understand just how these platforms compare with each prior to you make an account. Performing a side-by-side comparison will place factors into perspective so that you are cognizant of what you should anticipate.
So you are looking for a broker and are choosing between OctaFX or Teletrade. Who should you choose?
Our OctaFX vs Teletrade comparison contains the latest information so you can easily compare Teletrade against OctaFX.
If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you have to choose the ideal broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. OctaFX and Teletrade are just two such stages that will take you and your investment into great heights. It is crucial to compare OctaFX vs Teletrade before you trust them with your cash.
Our OctaFX vs Teletrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OctaFX and Teletrade side by side.
Our full OctaFX vs Teletrade Review covers everything you will need to learn about trading using either OctaFX or Teletrade. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you select them. It is a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
OctaFX and Teletrade are both brokers that have forged their way successfully into the broker world. In this review, we have tried to collate a number of the vital aspects of both OctaFX and Teletrade. This review can allow you to know whether either Teletrade or OctaFX is a good fit for your own investments or not. We have tried to breakdown all of the features and fees for your convenience.
Benefits of OctaFX and Teletrade Compared
OctaFX has a minimum deposit of $5 while Teletrade offers a $100 minimum deposit.
Why smaller minimum deposits are good and how OctaFX 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.
OctaFX allows you to trade around financial instruments whilst Teletrade has around available.
The more instruments you can trade on the OctaFX and Teletrade trading 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 never want to miss out on a trading opportunity due to the limitations of OctaFX or Teletrade.
OctaFX and Teletrade Contact Details
Being able to contact an online trading platform simply is important. OctaFX and Teletrade have the following contact details and social medias that you can use.
Broker | OctaFX | Teletrade |
---|---|---|
Telephone Number | ||
smm@octafx.com | ||
Address | 133 HOUNDSDITCH, London, Greater London EC3A 7BX | |
OctaFX Twitter Account | Teletrade Twitter Account | |
OctaFX Facebook Page | Teletrade Facebook Page | |
OctaFX Instagram Account | Teletrade Instagram Account | |
OctaFX LinkedIn Page | Teletrade LinkedIn Page | |
YouTube | OctaFX YouTube Channel | Teletrade YouTube Channel |
Find Out More |
|
|
Teletrade and OctaFX Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing OctaFX and Teletrade will examine whether their mobile app meets all our requirements.
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. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?
OctaFX vs Teletrade - Awards
OctaFX vs Teletrade - Frequently Asked Questions
OctaFX vs Teletrade - Headquarters And Year Of Founding
OctaFX was founded in 2014 and has its head office in St. Vincent and the Grenadines.
Teletrade was founded in 2008 and has its head office in Cyprus.
What is the minimum deposit for Teletrade or OctaFX
The minimum deposit for OctaFX is $5.
The minimum deposit for Teletrade is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both OctaFX and Teletrade are a good choice.
OctaFX vs Teletrade - Regulation And Licencing In More Detail
OctaFX is regulated by Financial Conduct Authority (FCA).
Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both OctaFX and Teletrade have a strong collection of rules for ensuring fair trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare OctaFX vs Teletrade Commission And Fees
OctaFX and Teletrade are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you are spending a spread, funding rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those who are charged when you hold a leveraged position for longer than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not trading for long periods, or withdrawals.
In general, neither OctaFX or Teletrade charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees charged by OctaFX and Teletrade are comparatively higher. As a result, you are billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't about the purchase and sale of assets.
This OctaFX vs Teletrade review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For OctaFX And Teletrade
Broker | OctaFX | Teletrade |
---|---|---|
Minimum Deposit | $5 | $100 |
Withdrawal Fees | No | No |
Inactivity Fees | No | No |
Deposit Fees | No | No |
CFD Fees | No | Yes |
Find Out More |
|
|
What Languages Do OctaFX And Teletrade Support?
Being able to talk easily with your trading broker is a key element when comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Below you will find all the languages that both OctaFX and Teletrade support.
How Many Clients Do OctaFX and Teletrade Have?
Both OctaFX and Teletrade are well established with their customer base. It is really important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users OctaFX and Teletrade have
Broker | OctaFX | Teletrade |
---|---|---|
Clients / Users | 30,000+ | 50,000+ |
Find Out More |
|
|
What Payment Methods Do OctaFX and Teletrade Accept?
OctaFX 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 OctaFX and Teletrade
Broker | OctaFX | Teletrade |
---|---|---|
Bank Transfers | Yes | No |
Credit Cards | Yes | No |
PayPal | No | No |
Skrill | No | Yes |
Payoneer | No | |
Neteller | Yes | Yes |
Find Out More |
|
|
What Can You Trade With OctaFX and Teletrade?
OctaFX offers trading instruments while Teletrade offers 221.
Below you will find a full breakdown of what both OctaFX and Teletrade offer.
OctaFX Review
OctaFX vs Teletrade:
Table Of Contents
- Compare OctaFX vs Teletrade
- Benefits of OctaFX and Teletrade Compared
- Teletrade and OctaFX Mobile App Comparison
- OctaFX vs Teletrade - Awards
- OctaFX vs Teletrade - Frequently Asked Questions
- What is the minimum deposit for Teletrade or OctaFX
- OctaFX vs Teletrade - Regulation And Licencing In More Detail
- Compare Broker Fees For OctaFX And Teletrade
- What Languages Do OctaFX And Teletrade Support?
- How Many Clients Do OctaFX and Teletrade Have?
- What Payment Methods Do OctaFX and Teletrade Accept?
- What Can You Trade With OctaFX and Teletrade?