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TeleTrade Broker Review 2024

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TeleTrade Broker Review 2024
1:500 Maximum Leverage Synchronous Trading
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:TeleTrade
Founded:Hong Kong
Min Deposit:10
Max Leverage:500
Headquarter:St. Vincent and the Grenadines
US Accepted:
About
TeleTrade is a Forex broker founded in 1994, currently headquartered in St. Vincent and the Grenadines. On this brokerage, you have leverage up to 1:500 for various Forex, crypto, stocks, indices, etc. instruments.
Contact
Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Long-standing reputation (29+ years)
Popular MT4 and MT5 platforms
Wide range of trading instruments
License from a top-tier regulation authority
Copy trading and social trading options
Cons
Not available in some countries
TeleTrade
TeleTrade review focused on specifications, details, and features

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 CySEC License
TeleTrade Forex Broker CySEC License

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 wih different trading styles and preferences. At this section, we will explore each of them in details on a table:

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:

  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

TeleTrade Trading Platform
TeleTrade Platform Provides MT4 & MT5 For Windows Users.

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:

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. At this part, we review the costs for every type. Spreads and Commissions on TeleTrade:

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

TeleTrade Copy Trade
TeleTrade Forex Broker Copy Traders Ranking

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?

TeleTrade Forex Pairs
TeleTrade Supports More Than 50 Forex Currency Pairs.

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?

TeleTrade Restricted Countries
TeleTrade Doesn’t Provide Services to U.S, Canada, Iran, North Korea, Yemen and FATF blacklisted countries.

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:

TeleTrade Trustpilot ratings
High level of TeleTrade's user scores on Trustpilot website

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.

FAQs
Is TeleTrade a reliable broker?

The company is regulated by CySEC, and is considered reliable by many users.

Does TeleTrade offer a demo account?

Yes, the broker provides a free demo account for trading with virtual funds.

Can I use Expert Advisors (EAs) with TeleTrade?

Yes, EAs are supported on both MT4 and MT5 platforms.

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