Brief Look at TeleTrade
In recent months, an increasing number of independent complaints from traders have appeared online, effectively confirming systemic failures in TeleTrade’s operations. Withdrawal requests either remain pending for an indefinite period or are canceled without clear explanations. Customer support often either does not respond at all or provides the same generic wording without resolving the issue. Many clients note that they expected standard processing timeframes, but instead weeks and even months pass, and the broker does not release the funds, despite completed verification and confirmed requests. This may be related to the rebranding of TeleTrade’s European division to Earn. However, reputable brokers in such situations usually notify clients in advance and provide the opportunity to withdraw funds from their accounts.
All these alarming signs prompted us to conduct our own investigation. We reviewed not only client feedback, including reviews on the popular aggregator Trustpilot, but also third-party analyses of TeleTrade. The analysis showed a significant gap between the broker’s marketing claims and the real experiences of traders. While the company highlights its long history and favorable trading conditions, clients report a lack of transparency in withdrawal policies, ongoing delays, and questionable communication with customer support. This creates the impression for many that the broker’s management has either encountered financial difficulties or is using practices that resemble deliberate delays in fulfilling obligations to clients. The broker has changed its name, which may indicate internal problems, including issues related to financial obligations to clients and partners.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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