TeleTrade Broker Review 2024

TeleTrade is one of the oldest forex brokers in financial industry, having 29 years of history. This company supports MetaTrader 4/5, two of the most popular trading platforms, and provides additional tools such as an economic calendar, all of which make it an attractive candidate for traders, but most importantly, can you trust this brokerage? In this article, we will delve deep into TeleTrade's various aspects, while answering the question.

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 Cyprus Securities and Exchange Commission (CySEC) as 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:

TeleTrade Trading Account Types

This company offers a variety of account types to provide services for all users wih different trading styles and preferences. At this section, we will explore each of them in details on a table:

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:

TeleTrade Signing Up & Verification: Complete Guide

Opening an account with the broker is a simple process with straightforward steps. TeleTrade Registration:

1. Visit the official website and scroll down to the "Open Account" form;
2. Fill in the form with your name and email address, then create a password;
3. Read the text and confirm it;

Your account is now 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 on this broker. TeleTrade Trading Platforms:

MetaTrader 4 (MT4): for real and demo accounts, available on desktop and mobile devices; Links:

• Android MT4
• iOS MT4
• Windows MT4
• MT4 MultiTerminal
• MT4 Web Terminal

MetaTrader 5 (MT5): Enhanced version of MT4 with more timeframes and analytical objects; Links:

• Android MT5
• iOS MT5
• Windows MT5
• Web Terminal MT5

What is the Structure of Spreads and Commissions on TeleTrade?

Pricing structure on this broker varies depending on the account type. At this part, we review the costs for every type. Spreads and Commissions on TeleTrade:

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

Beside of 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 are 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

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 history-reach broker with 29 years of presence in the market and over 10M customers, showing its reputation. You can trade various markets including Forex, crypto, stocks, indices, etc. with leverage up to 1:500 with this broker. However, it does not provide detailed information on fees and commissions. Therefore, if you actually want to have clear info on such specifics, TeleTrade might disappoint you.