ThinkMarkets vs Teletrade, Who's The Best?
ThinkMarkets Rating: 8.03 / 10
Teletrade Rating: 5.97 / 10
71.89% of retail investor accounts lose money when trading CFDs with this provider.
Your capital is at risk
ThinkMarkets vs Teletrade Guide
Read our In-Depth ThinkMarkets vs Teletrade Review - for 2022
This ThinkMarkets vs Teletrade review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs Teletrade review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Teletrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between ThinkMarkets or Teletrade. Who should you choose?
Our ThinkMarkets vs Teletrade review contains the most recent information so you can easily compare Teletrade against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You will get adept at all the concepts of broker as you keep trading. For starters, you need to select the ideal agent who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. ThinkMarkets and Teletrade are just two such platforms that will take you and your investment to great heights. It is crucial that you compare ThinkMarkets vs Teletrade before you trust them with your money.
Our ThinkMarkets vs Teletrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and Teletrade side by side.
Our full ThinkMarkets vs Teletrade Review covers everything you will need to learn about trading with either ThinkMarkets or Teletrade. A good 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 goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
ThinkMarkets and Teletrade are both brokers which have paved their way successfully into the broker world. In this review, we've attempted to collate a number of the important aspects of both ThinkMarkets and Teletrade. This review can help you to know whether either Teletrade or ThinkMarkets is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Compare ThinkMarkets vs Teletrade
Every online trading system will have some pros and cons, and no ThinkMarkets and Teletrade review would be complete without showing both sides. Compare ThinkMarkets and Teletrade to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and Teletrade Compared
ThinkMarkets has a minimum deposit of $0 while Teletrade has a $100 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets 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.
ThinkMarkets allows you to trade around 1500 financial instruments while Teletrade has around 1500 financial instruments available.
The more financial instruments you can trade on the ThinkMarkets 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 should never want to miss out on a trading opportunity due to the limitations of ThinkMarkets or Teletrade.
ThinkMarkets and Teletrade Contact Details
Being able to contact a broker simply is a sign of a professional broker. ThinkMarkets and Teletrade have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom|
|ThinkMarkets Twitter Account||Teletrade Twitter Account|
|ThinkMarkets Facebook Page||Teletrade Facebook Page|
|ThinkMarkets Instagram Account||Teletrade Instagram Account|
|ThinkMarkets LinkedIn Page||Teletrade LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||Teletrade YouTube Channel|
|Find Out More||
Teletrade and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of ThinkMarkets 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 the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
ThinkMarkets vs Teletrade - Awards
ThinkMarkets have won numerous industry awards over the years they have been operating as an online trading platform. We detail the most recognised awards for ThinkMarkets below.
|At the time of writing this Teletrade review, and despite Teletrade’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs Teletrade - Frequently Asked Questions
ThinkMarkets vs Teletrade - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
Teletrade was founded in 2008 and has its head office in Cyprus.
What is the minimum deposit for Teletrade or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for Teletrade is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and Teletrade are a good option.
ThinkMarkets vs Teletrade - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both ThinkMarkets and Teletrade have a powerful set of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ThinkMarkets vs Teletrade Commission And Fees
ThinkMarkets and Teletrade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the number of clients they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of fees for this objective.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you are paying a spread, financing speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither ThinkMarkets or Teletrade charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly trade, such as daily or weekly trading.
However, non-trading fees charged by ThinkMarkets and Teletrade are relatively higher. Consequently, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This ThinkMarkets vs Teletrade review for 2022 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And Teletrade
What Languages Do ThinkMarkets And Teletrade Support?
Being able to communicate completely with your trading 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 factor to success when trading forex.
Here you can find the languages that both ThinkMarkets and Teletrade support.
How Many Clients Do ThinkMarkets and Teletrade Have?
Both ThinkMarkets and Teletrade are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users ThinkMarkets and Teletrade are working with
|Clients / Users||475,000+||50,000+|
|Find Out More||
What Payment Methods Do ThinkMarkets and Teletrade Accept?
ThinkMarkets 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 ThinkMarkets and Teletrade
What Can You Trade With ThinkMarkets and Teletrade?
ThinkMarkets offers 1500 trading instruments whilst Teletrade offers 221.
Below you will find a full breakdown of what both ThinkMarkets and Teletrade offer.
Compare ThinkMarkets To All Other Brokers
Compare Teletrade To All Other Brokers
ThinkMarkets vs Teletrade:
Table Of Contents
- Compare ThinkMarkets vs Teletrade
- Benefits of ThinkMarkets and Teletrade Compared
- Teletrade and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs Teletrade - Awards
- ThinkMarkets vs Teletrade - Frequently Asked Questions
- What is the minimum deposit for Teletrade or ThinkMarkets
- ThinkMarkets vs Teletrade - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And Teletrade
- What Languages Do ThinkMarkets And Teletrade Support?
- How Many Clients Do ThinkMarkets and Teletrade Have?
- What Payment Methods Do ThinkMarkets and Teletrade Accept?
- What Can You Trade With ThinkMarkets and Teletrade?