20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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TeleTrade Review 2024
Minimum
deposit:
deposit:
- $10
Trading platform:
- MT4
- MT5
Regulation:
- CySEC
Bonus for deposit:
- 100%
Minimum
deposit:
deposit:
- $10
Trading platform:
- MT4
- MT5
Regulation:
- CySEC
Bonus for deposit:
- 100%
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Summary of TeleTrade Trading Company
The Best Broker to Work with Cryptocurrencies
TeleTrade is one of the top brokers in the financial market with the TU Overall Score of 8.74 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TeleTrade clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. TeleTrade ranks 9 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
TeleTrade was established in 1994. The company won 2018 Traders Union Awards as the Best Broker in Europe. The brokerage company is a member of the Association of Forex Dealers, a self-regulatory organization in the financial market. The company is also regulated by the Cyprus Securities and Exchange Commission (CySEC, 158/11). The European branch of TeleTrade has adopted the brand name Earn.
The broker provides access to trading various currency pairs, as well as metals, stocks, cryptocurrencies, indices, and energies.
| 💰 Account currency: | Euro, dollar |
|---|---|
| 🚀 Minimum deposit: | USD 10 |
| ⚖️ Leverage: | 1:500 |
| 💱 Spread: | From 0.2 pips |
| 🔧 Instruments: | Forex, metals, indices, energies, stocks, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100% / 20% |
👍 Advantages of trading with TeleTrade:
- detailed analytical section;
- informative educational section.
👎 Disadvantages of TeleTrade:
- no PAMM accounts or other money management options;
- a small range of trading instruments;
- few withdrawal options;
- support is available 24/5;
- withdrawals delayed;
- technical support responds slowly;
- sometimes it takes a long time to verify data.
Evaluation of the most influential parameters of TeleTrade
Trade with this broker, if:
- You are mostly interested in CFDs. In addition to currency pairs, TeleTrade provides access to trading CFDs. The broker’s clients can trade CFDs on U.S. and EU stocks, indices, agricultural commodities, energies, precious metals, cryptocurrencies, and ETFs.
- You want to have access to expert analytics and multiple tools. The website provides calculators, calendars, newsfeeds, analytics, technical analysis, and the broker’s proprietary SignalCenter.
Do not trade with this broker, if:
- You require full transparency before registration. The broker claims it has floating spreads from 0.2 pips and low trading fees, but it doesn’t provide exact information on these and other parameters on its website.
- You aim at additional income without participating in an affiliate program. TeleTrade’s clients can only participate in a standard referral program, as copy trading or PAMM/MAM accounts are not available.
Geographic Distribution of TeleTrade Traders
Popularity in
22.98%
UA
22.93%
RU
14.64%
BR
14.3%
RO
5.82%
DO
4.81%
PL
4.53%
VN
4.13%
GB
4.1%
US
3.61%
CN
20.15%
Others
Expert Opinion
Teletrade is a broker that has been in business since 1994 and offers trading services in Forex, metals, stocks, cryptocurrencies, and other instruments. The broker is licensed by CySEC and is a member of the Association of Forex Dealers. Teletrade offers various trading platforms, such as MT4 and MT5, as well as a comprehensive analytical and educational section. The broker also has a synchronous trading service that enables investors to copy trades from other traders.
However, Teletrade also has some limitations that potential clients should be aware of. The broker does not have PAMM accounts or other money management options, which restricts the investment opportunities for traders. The broker also has a limited range of trading instruments compared to other brokers in the market. Furthermore, some reviews have reported issues with account management, responsiveness, and transparency, indicating room for improvement in client relations.
Overall, Teletrade is a broker that provides useful tools for traders, but also has some areas that need to be addressed. The broker is appropriate for traders who value the variety of trading platforms and the synchronous trading service, but not for those who are looking for more trading instruments and money management options. Traders should also be careful of the critiques regarding financial transactions and transparency when considering this broker.
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Expert Review of TeleTrade
Traders Union has been working with the company since 2012. Over this time, a lot of reviews have been received about the broker from the TU clients, which you can find on this page. All reviews are moderated and then published. Therefore, they contain relevant information about traders’ experience of working with TeleTrade.
Each TU client who opened an account with a brokerage company is entitled to free legal support, as well as advice on general issues related to the broker’s performance.
TeleTrade Company offers its clients the opportunity to trade 28 currency pairs, as well as metals, indices, stocks and energies. Cryptocurrency trading is also available. Traders canopen a free demo account and trade virtual funds. The broker also provides several types of real accounts, which allows you to choose the best option in terms of conditions.
Thanks to a large analytical section and loads of educational information, the company attracts a lot of novice traders. A wide range of technical analysis tools and the possibility to use various strategies, including pipsing, are the main reasons why experienced traders open an account with TeleTrade.
Latest TeleTrade News
28.10.2023
Broker TeleTrade has informed its clients about changes in trading hours for some instruments due to the transition to winter time in Europe. "From
31.07.2023
Broker TeleTrade announced changes in the CH20 index trading schedule due to the Swiss National Day. Swiss National Day has been celebrated on the first
20.05.2023
The broker company TeleTrade announced changes in the trading schedule in connection with Buddha's birthday.Buddha's birthday is a public holiday in Hong
12.05.2023
The broker TeleTrade informed its clients about changes in the trading schedule in connection with the Ascension Day holiday in Switzerland.Ascension Day
06.05.2023
The broker company TeleTrade informs that in connection with the upcoming bank holiday in Great Britain, the schedule of trading sessions has been
04.05.2023
Broker TeleTrade informed its clients about changes in trading schedule in connection with Children's Day in Japan.Children's Day is a traditional holiday
03.05.2023
The TeleTrade brokerage company has informed its clients about the upcoming split of the SMH symbol.At the end of the session on May 4, trading on the SMH
28.04.2023
Broker TeleTrade informs its clients that, in connection with the upcoming May holidays, there will be changes in the schedule of trading sessions.The
24.04.2023
The brokerage company TeleTrade has announced changes to its trading schedule for Australian stocks in connection with ANZAC Day.ANZAC Day (Australian and
Dynamics of TeleTrade’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
TeleTrade is a good broker for those who are used to combining active manual trading with trading using robots. However, the broker offers few investment programs. For example, such passive investment options as PAMM accounts or other forms of trust management are not available. However, the broker does offer the option of automatic copying of trades performed by experienced traders.
However, the abundance of trading instruments outweighs the small number of investment programs . In addition, the broker's VIP clients who trade large amounts can receive advice from personal managers. And what is more, the company offers good affiliate programs that can provide traders with additional income.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
TeleTrade’s affiliate program
-
CPA partner. For each attracted client, an affiliate can receive up to $500. The broker makes daily payments for registration and verification of the client, and deposit replenishment. Also, payments are accrued for the trading activity of the trader referred by the affiliate.
-
Introducing Broker (IB). This affiliate program allows you to receive a reward of at least 30% of the spread amount. The conditions depend on the market the representative works in. The percentage of the reward depends on the activity of the introducing broker.
Flexible terms of affiliate programs, as well as the provision of banners, landing pages and marketing materials by the company, enable everyone to create their own referral system. This can serve as a source of good extra income.
Trading Conditions for TeleTrade Users
TeleTrade offers its clients rather enticing trading conditions. The minimum trade volume is 0.01 lots for all trading accounts, and the minimum spread is 0.2 pips. The minimum deposit is $10. The company's clients can trade on three types of real accounts, as well as copy trades of experienced traders. The broker offers wide range of financial instruments: in addition to currency pairs, you can trade indices and cryptocurrencies.
$10
Minimum
deposit
1:500
Leverage
24/5
Support
| 💻 Trading platform: | MT4, МТ5 |
|---|---|
| 📊 Accounts: | ECN, NDD, CENT, Demo |
| 💰 Account currency: | Euro, dollar |
| 💵 Replenishment / Withdrawal: | Visa, MasterCard, Skrill, Neteller, Fasapay e-wallets and bank transfer |
| 🚀 Minimum deposit: | USD 10 |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 Spread: | From 0.2 pips |
| 🔧 Instruments: | Forex, metals, indices, energies, stocks, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100% / 20% |
| 🏛 Liquidity provider: | Thomas Reuters |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution, Instant Execution |
| ⭐ Trading features: | Cryptocurrency trading; Social trading. |
| 🎁 Contests and bonuses: | Yes |
Comparison of TeleTrade with other Brokers
| TeleTrade | RoboForex | Eightcap | Exness | FxPro | XM Group | |
| Trading platform |
MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5, MobileTrading, XM App |
| Min deposit | $1 | $10 | $100 | $10 | $100 | $5 |
| Leverage |
From 1:1 to 1:10 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.8 points | From 0 points | From 0 points | From 1 point | From 0 points | From 0.6 points |
| Level of margin call / stop out |
70% / 20% | 60% / 40% | 80% / 50% | No / 60% | 25% / 20% | 100% / 50% |
| Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
Broker comparison table of trading instruments
| TeleTrade | RoboForex | Eightcap | Exness | FxPro | XM Group | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
TeleTrade Commissions & Fees
Information
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard ECN | $17 | No |
| Professional NDD | $9 | No |
| Sharp ECN CENT | $2 | No |
| Cryptocurrency account | $3 |
In addition, our experts conducted a comparative analysis of the spreads of TeleTrade and competing companies. Based on the results, each broker was assigned a low, average or high level.
| Broker | Average commission | Level |
| TeleTrade | $7.75 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed Review of TeleTrade
TeleTrade is a fairly young company that provides services to clients almost all over the world, offering them latest products for trading. TeleTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). Also, the broker is a member of the Association of Forex Dealers, a self-regulatory organization.
TeleTrade is the right broker for beginners and experienced traders
TeleTrade is one of those companies that combine wide functionality and technological effectiveness. The broker offers a lot of educational materials to help novice traders learn how to trade in the Forex market. The company's clients can start trading with a $10 deposit.
The brokerage company is suitable for traders who prefer various strategies: pipsing, light intraday trading, as well as medium-term and long-term trading. TeleTrade offers quick order execution (Market Execution, Instant Execution). Traders working with the broker can use popular trading platforms MetaTrader 4 and MetaTrader 5 for trading and market analysis Both desktop and mobile versions of the platforms are available for devices running on Android and iOS.
The company offers a lot of services for forecasting the market situation and price movements for selected financial instruments.
TeleTrade provides the following analytical services:
-
quotes from major banks;
-
banks’ interest rates;
-
market and central bank news;
-
economic calendar and holiday calendar;
-
technical analysis;
-
market reviews;
-
trading signals.
Advantages:
1
rather good trading conditions: three types of accounts, not including the demo account; relatively low spreads - from 0.2 pips;
2
many trading instruments: currency pairs, stocks, indices, cryptocurrencies and energies;
3
plenty of educational materials - a beginner can quickly learn the trading basics;
4
a good fundamental and technical market analysis toolkit;
5
social trading - you can earn money without trading yourself.
How to Start Making Profits — Guide for Traders
TeleTrade provides clients with a choice of several trading account types. Standard currencies for replenishment are dollars and euros.
The maximum leverage is up to 1:500. The company also grants privileges to traders who actively trade and make large deposits.
Account types:
Account Type
Description
ECN
a trader gets direct access to interbank liquidity, 44 analytical instruments, and 21 timeframes. Two new types of pending orders are available in the account: Buy Stop Limit and Sell Stop Limit. In addition, 28 technical indicators are available to the client. The spread on this account is floating, starting from 0.2 pips. The trading fee is 0.008%. The platform - MetaTrader 5;
NDD
No Dealing Desk account that gives a trader access to aggregated interbank liquidity. The spread is also floating, but starts from 0.8 pips. The commission is 0.007%. This account is characterized by the fastest order execution, which makes it suitable for scalpers. Also, there are no requotes on NDD. The platform - MetaTrader 4;
CENT
is a cent account that allows you to make trades with minimal risk. This is a good option for beginners as well as those traders who are testing trading systems.
Before opening a main account, a trader can evaluate the functionality of the platform and learn the capabilities of a brokerage company on a free demo account.
TeleTrade - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
TeleTrade tested by Rinat Gismatullin
Bonuses Paid by the Broker
Welcome bonus
You can receive up to 100% bonus for opening a trading account. The bonus can be used for trading. The higher the amount funds deposited, the higher the bonus amount.
24% bonus
A trader can earn 24% per annum as additional income for every $1,000 of his own funds. All you need is to trade actively.
VIP clients
Depending on yourdeposit amount, the broker assigns VIP statuses and grants special privileges.
A client receives a VIP status when his deposit is $50,000 or more. This status allows him to use the services of a personal manager from Monday to Friday from 9:00 to 21:00. In addition, the trader receives a cumulative deposit bonus of 24% per annum or 2% per month, as well as a cashback of 10% of the costs of closed trades.
VIP GOLD status is assigned to clients who deposit at least $100,000 into their trading accounts. For them, a personal manager works 24/7. Bonuses increase to 26% per annum or 2.16% per month. Cashback increases to 13%.
Traders who deposit $500,000 or more get the VIP PLATINUM status. Like Gold clients, they receive the services of a personal manager 24 hours a day, 7 days a week. Moreover, the rate for active trading increases to 28% per year or 2.33% per month. Also, the broker returns 15% of the funds spent by the trader on closed trades.
Loyalty program
TeleTrade accrues loyalty points to clients for topping up their account and trading. Points can be exchanged either for additional funds on the deposit or for real money. For registering a personal account, a client receives 10,000 loyalty points, for topping up the trading account - 25–50% (in points) of the deposit amount. For performing trading operations, the broker pays the trader 10% of the spread + commission in points. The maximum a customer can receive is $10,000.
Investment Education Online
Information
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
Information available in the Education Section
Information not available on the TeleTrade website
Forex for dummies
There are no video tutorials on working with MT4
Fundamental market analysis
Market technical analysis
Indicators
Strategies
Features of trading instruments
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
Security (Protection for Investors)
Information
TeleTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). Also, the broker is a member of the Association of Forex Dealers, a self-regulatory organization.
Therefore, TeleTrade carries out financial activities in accordance with its own regulations and in compliance with the requirements of the regulator.
👍 Advantages
- The broker cannot use the funds of hte clients - they are held separately
- An independent person is involved in resolving disputes
- Rights and obligations are clearly defined in the agreement
👎 Disadvantages
- Claims of private traders who trade in small amounts are not considered
Withdrawal Options and Fees
-
A trader can withdraw money from a trading account to a Visa and MasterCard debit/credit card or to a bank account. Withdrawals to e-wallets Skrill, Neteller and Fasapay are also available.
-
You can withdraw a minimum of $500 or the equivalent amount in euros to your bank account. As a rule, the money is credited comes within 2-3 days following the withdrawal request approval. The fee is 80–150 euros, depending on the bank.
-
You can withdraw dollars and euros to Visa and MasterCard debit/credit cards, the fee is 2.35% + EUR 1 or USD 1.30. As a rule, the withdrawal takes 1-2 business days once the withdrawal request is approved.
-
Withdrawal to e-wallets are processed within 1-2 business days. You can withdraw dollars and euros to Skrill and Neteller. The fee is 2% for Neteller and 1% for Skrill. As for Fasapay, only dollars can be withdrawn to this wallet. The fee is 0.5%.
Customer Support Service
Information
The broker's customer support is prepared to answer traders' questions 24 hours a day, 5 days a week.
👍 Advantages
- Lots of contact options
- Multilingual support
- You can type your question in the search bar on the website
👎 Disadvantages
- Doesn’t work on weekends
There are several ways to contact customer support:
-
call the phone number indicated on the website;
-
order a callback;
-
write ane-mail;
-
fill out the feedback form;
-
via live chat in your account.
Support is available from the TeleTrade website and from your personal account.
Contacts
| Foundation date | 1994 |
| Registration address | Teletrade D.J. Limited 20599 IBC 2012 First Floor, First St. Vincent Bank Ltd Building James Street, Kingstown St. Vincent and the Grenadines |
| Regulation |
CySEC |
| Official site | https://www.teletrade.org/ |
| Contacts |
Email:
support@teletrade.global,
Phone: +442080895636 |
Review of the Personal Cabinet of TeleTrade
In order to make it easier for you to start working with TeleTrade, we suggest that you learn the following information:
1
You can register or log into your Personal Account on TeleTrade from the home page of the broker’s website. Just click Personal Area.
2
To log in, you must enter your email orPersonal Account number and password. You can also use quick authorization via Google, Facebook or WebMoney Transfer.
3
If you have not registered with a broker yet, click Open an account on the same page. To register, you will need to provide your name, phone number, email address and password. You will also need to verify your identification document. You can also use the quick registration option through Google, Facebook or WebMoney Transfer.
4
After authorization/registration, you can download and launch the trading platform and make a deposit.
5
In your Personal Account, you can use the company's bonuses, choose a trading instrument, review analytics and perform trades.
Other features available in your Personal account on TeleTrade:
-
latest analytics and news;
-
trading statistics through robots;
-
useful educational information;
-
access to trading history and deposits/withdrawals;
-
current quotes;
-
support service for professional advice;
-
the possibility to contact a personal manager - for VIP clients;
-
statistics on the effectiveness of affiliate programs;
-
bonuses and contests from the broker.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Find out how TeleTrade stacks up against other brokers.
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FAQs
Do reviews by traders influence the TeleTrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about TeleTrade you need to go to the broker's profile.
How to leave a review about TeleTrade on the Traders Union website?
To leave a review about TeleTrade, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about TeleTrade on a non-Traders Union client?
Anyone can leave feedback about TeleTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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