Comparison of RoboForex and TeleTrade
| Feature | RoboForex | TeleTrade |
|---|---|---|
| Broker | ||
| Year Founded | 2009 | 2000 |
| Broker Type | MM, STP, ECN | STP, ECN |
| Dealing | A-book, B-book | A-book |
| Execution | Market | Market |
| Regulation | BFSC | SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:2000 | 1:500 |
| Minimum Deposit | $10 | $1 |
| Base Currencies | USD, EUR, CNY, XAU | USD, EUR |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag | Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT) |
| Inactivity Fee | ✖ | May apply after prolonged inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | 2% |
| Investor Protection | Financialcommission.org | - |
| Protection Size | €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, ETFs, Metals, Energies, Soft Commodities | Currencies, Metals, Energies, Indices, Stocks (CFDs), Soft Commodities, Bonds, Cryptocurrencies |
| Review | RoboForex Review | TeleTrade Review |
About RoboForex
RoboForex is a well-established Forex broker founded in 2009, offering a comprehensive range of trading services to both novice and experienced traders worldwide. Renowned for its diverse account types, including ECN and Prime accounts, RoboForex provides access to a wide array of financial instruments such as Forex, stocks, and CFDs. The broker supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary R StocksTrader platform, ensuring flexibility and advanced trading capabilities. With competitive spreads, various leverage options, and a robust regulatory framework under the Belize Financial Services Commission (BFSC), RoboForex emphasizes security, transparency, and user-friendly services. Additionally, it offers educational resources, automated trading solutions, and responsive customer support, making it a versatile choice for traders seeking a reliable and feature-rich trading environment.
Pros
- Offers multiple account options
- Access to over 12,000 financial instruments
- Supports popular platforms like MetaTrader 4, MetaTrader 5, and the proprietary R StocksTrader platform
- Offers competitive spreads and high leverage options
- Provides a wealth of educational materials
- Compatible with various automated trading systems and APIs
- Offers 24/5 multilingual customer support through live chat, email, and phone, ensuring timely assistance
- Regularly features promotional offers and bonuses
Cons
- Regulation solely by the BFSC, which may be considered less stringent compared to other major regulatory bodies like FCA or CySEC
- Lack of fixed spread account options might be a drawback for traders who prefer consistent spreads irrespective of market conditions
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
RoboForex & TeleTrade Regulation
| Feature | RoboForex | TeleTrade |
|---|---|---|
Companies | RoboForex Ltd | Teletrade D.J. Limited |
Countries | Belize | Saint Vincent and the Grenadines |
Regulators | BFSC | SVGFSA |
Investor Protection | Financialcommission.org | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
RoboForex
RoboForex Ltd
TeleTrade
Teletrade D.J. Limited
Countries
RoboForex
Belize
TeleTrade
Saint Vincent and the Grenadines
Regulators
RoboForex
BFSC
TeleTrade
SVGFSA
Investor Protection
RoboForex
Financialcommission.org
TeleTrade
-
Investor Protection Size
RoboForex
€20 000
TeleTrade
-
Publicly Traded
RoboForex
TeleTrade
Segregated Accounts
RoboForex
TeleTrade
Guaranteed Stop Loss
RoboForex
TeleTrade
Negative Balance Protection
RoboForex
TeleTrade
Account Types
| Account | RoboForex | TeleTrade |
|---|---|---|
STP Account | ||
| Account Name | Pro | Standard |
| Min Deposit | $10 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1.3 | 1.7 |
| Fee | No | No |
| Max Leverage | 1:2000 | 1:500 |
| Stop Out | 20% | 50% |
| Margin Call | 50% | 70% |
ECN Account | ||
| Account Name | ECN | ECN |
| Min Deposit | $10 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 | 0.2 |
| Fee | $4 per 1 lot | $8 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 40% | 20% |
| Margin Call | 60% | 70% |
Zero Account | ||
| Account Name | Prime | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $2 per 1 lot | — |
| Max Leverage | 1:300 | — |
| Stop Out | 100% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | Pro-Cent | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.3 | — |
| Fee | No | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 40% | — |
| Margin Call | 20% | — |
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 | ||
STP Account
Account Name
RoboForex
Pro
TeleTrade
Standard
Min Deposit
RoboForex
$10
TeleTrade
$1
Lot Size
RoboForex
0.01
TeleTrade
0.01
Spread Type
RoboForex
Floating
TeleTrade
Floating
Execution
RoboForex
Market
TeleTrade
Market
Min Spread
RoboForex
1.3
TeleTrade
1.7
Fee
RoboForex
No
TeleTrade
No
Max Leverage
RoboForex
1:2000
TeleTrade
1:500
Stop Out
RoboForex
20%
TeleTrade
50%
Margin Call
RoboForex
50%
TeleTrade
70%
ECN Account
Account Name
RoboForex
ECN
TeleTrade
ECN
Min Deposit
RoboForex
$10
TeleTrade
$1
Lot Size
RoboForex
0.01
TeleTrade
0.01
Spread Type
RoboForex
Floating
TeleTrade
Floating
Execution
RoboForex
Market
TeleTrade
Market
Min Spread
RoboForex
0.1
TeleTrade
0.2
Fee
RoboForex
$4 per 1 lot
TeleTrade
$8 per 1 lot
Max Leverage
RoboForex
1:500
TeleTrade
1:500
Stop Out
RoboForex
40%
TeleTrade
20%
Margin Call
RoboForex
60%
TeleTrade
70%
Zero Account
Account Name
RoboForex
Prime
TeleTrade
—
Min Deposit
RoboForex
$10
TeleTrade
—
Lot Size
RoboForex
0.01
TeleTrade
—
Spread Type
RoboForex
Floating
TeleTrade
—
Execution
RoboForex
Market
TeleTrade
—
Min Spread
RoboForex
0
TeleTrade
—
Fee
RoboForex
$2 per 1 lot
TeleTrade
—
Max Leverage
RoboForex
1:300
TeleTrade
—
Stop Out
RoboForex
100%
TeleTrade
—
Margin Call
RoboForex
100%
TeleTrade
—
Cent Account
Account Name
RoboForex
Pro-Cent
TeleTrade
—
Min Deposit
RoboForex
$10
TeleTrade
—
Lot Size
RoboForex
0.01
TeleTrade
—
Spread Type
RoboForex
Floating
TeleTrade
—
Execution
RoboForex
Market
TeleTrade
—
Min Spread
RoboForex
1.3
TeleTrade
—
Fee
RoboForex
No
TeleTrade
—
Max Leverage
RoboForex
1:2000
TeleTrade
—
Stop Out
RoboForex
40%
TeleTrade
—
Margin Call
RoboForex
20%
TeleTrade
—
DMA Account
Account Name
RoboForex
—
TeleTrade
NDD
Min Deposit
RoboForex
—
TeleTrade
$1
Lot Size
RoboForex
—
TeleTrade
0.01
Spread Type
RoboForex
—
TeleTrade
Floating
Execution
RoboForex
—
TeleTrade
Market
Min Spread
RoboForex
—
TeleTrade
0.8
Fee
RoboForex
—
TeleTrade
$7 per 1 lot
Max Leverage
RoboForex
—
TeleTrade
1:500
Stop Out
RoboForex
—
TeleTrade
20%
Margin Call
RoboForex
—
TeleTrade
70%
Additional Features
Demo Account
RoboForex
TeleTrade
VIP Account
RoboForex
TeleTrade
Swap-Free Account
RoboForex
TeleTrade
Copy Trading
RoboForex
TeleTrade
VPS
RoboForex
TeleTrade
PAMM/MAM Accounts
RoboForex
TeleTrade
Funding and Fees
| Feature | RoboForex | TeleTrade |
|---|---|---|
Base currencies | USD, EUR, CNY, XAU | USD, EUR |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag | Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT) |
Inactivity fee | May apply after prolonged inactivity | |
Interest on margin | ||
Withdrawal fee | 2% |
Base currencies
RoboForex
USD, EUR, CNY, XAU
TeleTrade
USD, EUR
Deposit and withdrawal methods
RoboForex
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag
TeleTrade
Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT)
Inactivity fee
RoboForex
TeleTrade
May apply after prolonged inactivity
Interest on margin
RoboForex
TeleTrade
Withdrawal fee
RoboForex
TeleTrade
2%
Trading Platforms and Conditions
| Feature | RoboForex | TeleTrade |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 40 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
RoboForex
MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader
TeleTrade
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
RoboForex
40 ms
TeleTrade
-
Scalping
RoboForex
TeleTrade
Expert Advisors (EAs)
RoboForex
TeleTrade
Depth of Market (DOM)
RoboForex
TeleTrade
Spread
RoboForex
low
TeleTrade
low
Trading Assets
| Asset | RoboForex | TeleTrade |
|---|---|---|
Currencies | 33 | 76 |
Indices | 12 | 26 |
Stocks | 8400 | 146 |
Cryptocurrencies | 11 | 79 |
Bonds | 0 | 3 |
Metals | 5 | 17 |
Energies | 2 | 4 |
Soft Commodities | 4 | 7 |
ETFs | 19 | 0 |
Currencies
RoboForex
33
TeleTrade
76
Indices
RoboForex
12
TeleTrade
26
Stocks
RoboForex
8400
TeleTrade
146
Cryptocurrencies
RoboForex
11
TeleTrade
79
Bonds
RoboForex
0
TeleTrade
3
Metals
RoboForex
5
TeleTrade
17
Energies
RoboForex
2
TeleTrade
4
Soft Commodities
RoboForex
4
TeleTrade
7
ETFs
RoboForex
19
TeleTrade
0
Education and Analytics
| Feature | RoboForex | TeleTrade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
RoboForex
TeleTrade
Indicators
RoboForex
TeleTrade
Robots
RoboForex
TeleTrade
Signals
RoboForex
TeleTrade
Autochartist
RoboForex
TeleTrade
Expert Analytics
RoboForex
TeleTrade
News Feed
RoboForex
TeleTrade
Education Articles
RoboForex
TeleTrade
Webinars
RoboForex
TeleTrade
Seminars
RoboForex
TeleTrade
Bonuses
| Bonus | RoboForex | TeleTrade |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | $30 | — |
| Details | Learn More | — |
Welcome Bonus
Is available
RoboForex
TeleTrade
Size
RoboForex
$30
TeleTrade
—
Details
RoboForex
TeleTrade
—
Customer Support
| Contact | RoboForex | TeleTrade |
|---|---|---|
Email | info@roboforex.com | — |
Phone | +593964256286 | — |
Telegram | Telegram | — |
Facebook | — | |
YouTube | YouTube | — |
Instagram | — | |
Twitter | — |
Email
RoboForex
TeleTrade
—
Phone
RoboForex
TeleTrade
—
Telegram
RoboForex
TeleTrade
—
Facebook
RoboForex
TeleTrade
—
YouTube
RoboForex
TeleTrade
—
Instagram
RoboForex
TeleTrade
—
Twitter
RoboForex
TeleTrade
—
Which Broker is Better?
After comparing RoboForex and TeleTrade, RoboForex 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
RoboForex 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.