TeleTrade is a Forex and CFD broker with spreads starting from 0.2 pips and trading commissions of at least 0.007%. The company offers Synchronous Trading as a copy trading service to its clients. The support department provides its services via 4 channels [chat, call back request, ticket, email.]
TeleTrade Broker Company Information & Regulation
TeleTrade, established in 1994, has grown to become a global player in the forex and CFD trading industry. With offices in 26 countries, this broker has certainly proven its staying power in the volatile world of forex trading.
One of TeleTrade's strengths lies in its regulatory framework. The company operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC), one of the top-tier authorities.
TeleTrade Summary of Specifics
At this section of the review, we will have a look at the main specifics and features of the broker. TeleTrade Specifications:
Broker | TeleTrade |
Account Types | ECN, NDD, CENT |
Regulating Authorities | CySEC |
Based Currencies | USD, EUR |
Minimum Deposit | $10 |
Deposit Methods | Bank Transfers, Credit/Debit Cards, E-Payment Systems, Local Payment Options |
Withdrawal Methods | Bank Transfers, Credit/Debit Cards, E-Payment Systems, Local Payment Options |
Minimum Order | 0.01 lot |
Maximum Leverage | 1:500 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, CFDs on Stocks, Indices, Energies, Cryptocurrencies, Bonds, Commodities |
Spread | From 0. 2 pips |
Commission | From 0.007% |
Orders Execution | Market, Instant |
Margin Call/Stop Out | 100%/20% |
Trading Features | Synchronous Trading |
Affiliate Program | Yes |
Bonus & Promotions | Equity Boost, Trading Competitions, Accruals |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Chat, Call Back Request, Ticket, Email |
Customer Support Hours | 24/7 |
TeleTrade Trading Account Types
This company offers a variety of account types to provide services for all users with different trading styles and preferences. In this section, we will explore each of them in details in a table:
| Account Type | CENT | NDD | ECN |
Leverage | 1:500 | ||
Stop Out | 20% | ||
Platform | MT4/5 | MT4 | MT5 |
Also, there's a demo account available on the broker, providing a risk-free practice environment for testing strategies and getting familiar with the interface.
TeleTrade Important Advantages and Disadvantages
Let's weigh the pros and cons of trading with TeleTrade with a balanced measurement. TeleTrade Pros and Cons:
Disadvantages | Advantages |
Not available in some countries | Long-standing reputation (29+ years) |
License from a top-tier regulation authority | |
Popular MT4 and MT5 platforms | |
Wide range of trading instruments | |
Copy trading and social trading options |
TeleTrade Signing Up & Verification: Complete Guide
Opening an account with the broker is a simple process with straightforward steps. TeleTrade Registration:
- Visit the official website and scroll down to the "Open Account" form;
- Fill in the form with your name and email address, then create a password;
- Read the text and confirm it.
Your account has been created on the broker. For logging in, use the credentials sent to your email. For identity verification, you need to complete your profile information and submit the required documents.
TeleTrade Broker Trading Platforms Overview
It provides access to industry-standard trading platforms. In other words, most popular platforms in financial markets are supported by this broker. TeleTrade Trading Platforms:
MetaTrader 4 (MT4): for real and demo accounts, available on desktop and mobile devices; Links:
MetaTrader 5 (MT5): Enhanced version of MT4 with more timeframes and analytical objects; Links:
What is the Structure of Spreads and Commissions on TeleTrade?
Pricing structure on this broker varies depending on the account type. In this part, we review the costs for every type. Spreads and Commissions on TeleTrade:
| Account Type | Spread | Commission |
ECN | From 0.2 pips | 0.008% |
NDD | From 0.8 pips | 0.007% |
CENT | Not specified | Not specified |
The broker does not provide detailed information on operations' costs, which is a downside.
Deposit & Withdrawal Options Available on TeleTrade
The broker offers some of the popular methods for deposits and withdrawals. Note that these options might not be available for users from all regions. TeleTrade Payment Methods:
- Bank wire transfer;
- Credit/Debit cards (Visa, Mastercard);
- E-wallets (Skrill, Neteller);
- Local payment systems (varies by country).
Copy Trading & Investment Options Offered on TeleTrade Broker
This financial company provides a copy trading service titled "Synchronous Trading" for those who want to benefit from experienced traders' strategies. Benefits of Copy Trading on TeleTrade:
- Easy-to-use interface for selecting and copying traders
- Detailed performance metrics and risk analysis
- Flexible investment amounts
- Ability to diversify across multiple strategies
Besides Synchronous Trading, TeleTrade has created an affiliate program with daily rewards, unlimited payouts, and other benefits.
What Markets & Symbols Can We Trade on TeleTrade?
This brokerage offers a vast variety of markets available for trading on MT4 and MT5 paltforms. TeleTrade Available Instruments:
- Forex: Over 60 currency pairs
- CFDs on Stocks: Access to major stock exchanges
- Indices: Popular global indices (S&P 500, GER40, ES35, etc.)
- Energies: Crude Oil, Natural Gas, Western Texas Crude Oil, etc.
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more
- Bonds: BUND, SHATZ, TNOTE
- Commodities: Coffee, cotton, sugar, etc.
Bonuses and Promotions Offered on TeleTrade
The broker offers several attractive bonuses and promotions. Each of these bonuses is given on a specific condition. TeleTrade Promotions:
- Equity Boost: Earn 100% of your first deposit as a bonus
- Trading Competitions: Chance to win up to $10,000 in investments
- Accruals: Premium interest rates to boost capital
These promotions are designed to attract new clients and reward active traders. However, always read the terms and conditions carefully, as bonuses often come with specific trading volume requirements.
How & When to Contact Support on TeleTrade
Customer support is of utmost importance on financial platforms. The broker provides these services through various channels. TeleTrade Support:
- Email: support@teletrade.org
- Phone: +442080895636
- Live Chat: Available on the website
- Callback Request: Fill out a form for a return call
The official website states that the support department at the company works 24/7.
TeleTrade Restricted Countries: Can I register on this Broker?
Because of international regulatory restrictions, the company does not accept clients from certain countries, including:
- United States
- Canada
- Iran
- North Korea
- Yemen
- Other FATF blacklisted countries
It's important to check the most up-to-date list on the official website or contact their support for specific country restrictions.
TeleTrade Trust Ratings & Reviews
The broker has received good reviews from traders and industry experts. TeleTrade Trust Scores:
- Trustpilot:
- 4.6 out of 5, based on +40 ratings
- The profile has been claimed by the company
- No replies from the broker to the negative reviews
- 48% of reviews are 5-star
Based on the user scores on the Trustpilot website, we can say that most users are content with the broker's services.
Educational Traning Program on TeleTrade
TeleTrade offers a training program in the form of online and offline courses for users. Training Program features:
- Classes in groups or individually
- Courses for any level of skills
- Expert traders as teachers with solid experience
- Accessible through the official website
TF Expert Conclusion and final words
TeleTrade is a brokerage offering over 60 currency pairs for trading. The spreads on the NDD account start from 0.8 pips and the commission for the ECN account is 0.008% or more.
Users on "Trustpilot" have given the broker a 4.6/5, with over 40 reviews.
