Comparison of TeleTrade and XM
| Feature | TeleTrade | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2000 | 2009 |
| Broker Type | STP, ECN | MM |
| Dealing | A-book | B-book |
| Execution | Market | Market |
| Regulation | SVGFSA | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $1 | $5 |
| Base Currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | May apply after prolonged inactivity | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | 2% | ✖ |
| Investor Protection | - | Investor Compensation Fund (ICF) |
| 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, Metals, Energies, Indices, Stocks (CFDs), Soft Commodities, Bonds, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | TeleTrade Review | XM Review |
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
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
TeleTrade & XM Regulation
| Feature | TeleTrade | XM |
|---|---|---|
Companies | Teletrade D.J. Limited | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Saint Vincent and the Grenadines | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | SVGFSA | BFSC, CySEC, ASIC, DFSA |
Investor Protection | - | Investor Compensation Fund (ICF) |
Investor Protection Size | - | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | TeleTrade | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.7 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 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% | — |
Cent Account | ||
| Account Name | — | Micro |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
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 | TeleTrade | XM |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Card, Skrill, Perfect Money, WebMoney, FasaPay, Bitoin (BTC), Tether (USDT) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | May apply after prolonged inactivity | $15 after 12 months |
Interest on margin | ||
Withdrawal fee | 2% |
Trading Platforms and Conditions
| Feature | TeleTrade | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | TeleTrade | XM |
|---|---|---|
Currencies | 76 | 55 |
Indices | 26 | 50 |
Stocks | 146 | 1307 |
Cryptocurrencies | 79 | 58 |
Bonds | 3 | 0 |
Metals | 17 | 3 |
Energies | 4 | 3 |
Soft Commodities | 7 | 8 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | TeleTrade | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
| Bonus | TeleTrade | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
Contests
| Feature | TeleTrade | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | TeleTrade | XM |
|---|---|---|
Email | — | support@xm.com |
Phone | — | +5012236696 |
Facebook | — | |
LinkedIn | — | |
YouTube | — | YouTube |
Instagram | — | |
Twitter | — | |
TikTok | — | TikTok |
Which Broker is Better?
After comparing TeleTrade and XM, XM 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.
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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.