Comparison of FxPro and TeleTrade
| Feature | FxPro | TeleTrade |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2000 |
| Broker Type | STP, MM | STP, ECN |
| Dealing | A-book, B-book | A-book |
| Execution | Instant, Market | Market |
| Regulation | FCA, CySEC, FSCA, SCB | SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, PLN | USD, EUR |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) | Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT) |
| Inactivity Fee | $10 after 6 months | May apply after prolonged inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | 2% |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | - |
| Protection Size | £85 000 / €20 000 | - |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Metals, Energies, Indices, Stocks (CFDs), Soft Commodities, Bonds, Cryptocurrencies |
| Review | FxPro Review | TeleTrade Review |
About FxPro
FxPro is a well-established forex and CFD broker that has been serving traders since 2006. Headquartered in the UK, the company has expanded its reach to over 170 countries, catering to both retail and institutional clients. FxPro offers access to a wide range of markets, including forex, shares, indices, metals, energies, and cryptocurrencies, through multiple trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge. Regulated by top-tier financial authorities like the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa, FxPro emphasizes security and transparency. The broker provides competitive spreads, fast execution speeds, and a variety of account types to suit different trading strategies. Additionally, FxPro offers comprehensive educational resources and market analysis tools to support traders at all levels.
Pros
- Regulated by multiple reputable authorities (FCA, CySEC, FSCA)
- Offers a wide range of trading instruments across various asset classes
- Provides multiple trading platforms (MT4, MT5, cTrader, FxPro Edge)
- Competitive spreads with fast execution speeds
- Negative balance protection and segregated client funds
- Extensive educational resources and market analysis tools
- Multilingual customer support available 24/5
Cons
- Limited promotions or bonus offerings
- Inactivity fees may apply to dormant accounts
- Customer support is not available on weekends
About TeleTrade
TeleTrade is a long-standing forex and CFD brand on MT4/MT5 with three live account options and a very low entry threshold. The Standard account targets simplicity with floating spreads from ~1.7 pips and no commission; the NDD account offers tighter quotes from ~0.8 pips with a fixed $7 round-turn commission; and the ECN account delivers raw-style pricing from ~0.2 pips with a fixed $8 round-turn commission. Leverage on the global site is up to 1:500, margin call levels are set around 70% with stop-out between 20–50% depending on the account. Copy trading is available via the Synchronous Trading service.
Pros
- Very low minimum deposit and three clear account choices
- MT4/MT5 support, scalping and EAs allowed
- Negative balance protection and segregated accounts
- Copy trading via Synchronous Trading
- Broad symbol list including FX, indices, metals, stocks and 70+ crypto CFDs
Cons
- Offshore regulation
- Swap-free accounts not available
- Fewer built-in tools, webinars not offered
- Processor fees may apply on deposits/withdrawals depending on the method
FxPro & TeleTrade Regulation
| Feature | FxPro | TeleTrade |
|---|---|---|
Companies | FXPRO UK Limited, FXPRO Financial Services Ltd, FXPRO Financial Services Ltd, FxPro Global Markets Ltd | Teletrade D.J. Limited |
Countries | United Kingdom, Cyprus, Bahamas | Saint Vincent and the Grenadines |
Regulators | FCA, CySEC, FSCA, SCB | SVGFSA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | - |
Investor Protection Size | £85 000 / €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FxPro | TeleTrade |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.2 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 25% | — |
STP Account | ||
| Account Name | Raw+ | Standard |
| Min Deposit | $250 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 1.7 |
| Fee | $7 per 1 lot | No |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 50% |
| Margin Call | 25% | 70% |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.2 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 70% |
DMA Account | ||
| Account Name | — | NDD |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.8 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 70% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FxPro | TeleTrade |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, PLN | USD, EUR |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) | Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT) |
Inactivity fee | $10 after 6 months | May apply after prolonged inactivity |
Interest on margin | ||
Withdrawal fee | 2% |
Trading Platforms and Conditions
| Feature | FxPro | TeleTrade |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 14 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | FxPro | TeleTrade |
|---|---|---|
Currencies | 69 | 76 |
Indices | 29 | 26 |
Stocks | 1971 | 146 |
Cryptocurrencies | 28 | 79 |
Bonds | 0 | 3 |
Metals | 13 | 17 |
Energies | 6 | 4 |
Soft Commodities | 7 | 7 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | FxPro | TeleTrade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FxPro | TeleTrade |
|---|---|---|
Email | support@fxpro.com | — |
Phone | +4402031515550 | — |
Telegram | Telegram | — |
Facebook | — | |
LinkedIn | — | |
YouTube | YouTube | — |
Instagram | — | |
Twitter | — |
Which Broker is Better?
After comparing FxPro and TeleTrade, FxPro comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
FxPro Comparisons
TeleTrade Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.