TeleTrade Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- CySEC
- 1994
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- CySEC
- 1994
Our Evaluation of TeleTrade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
TeleTrade is one of the top brokers in the financial market with the TU Overall Score of 8.92 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 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.
Brief Look at TeleTrade
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
- detailed analytical section;
- informative educational section.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
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.
- 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.
- 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.
TeleTrade Summary
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.
| 💻 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 |
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.
TeleTrade Key Parameters Evaluation
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Trading Account Opening
In order to make it easier for you to start working with TeleTrade, we suggest that you learn the following information:
You can register or log into your Personal Account on TeleTrade from the home page of the broker’s website. Just click Personal Area.
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.
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.
After authorization/registration, you can download and launch the trading platform and make a deposit.
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:
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latest analytics and news;
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trading statistics through robots;
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useful educational information;
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access to trading history and deposits/withdrawals;
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current quotes;
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support service for professional advice;
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the possibility to contact a personal manager - for VIP clients;
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statistics on the effectiveness of affiliate programs;
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bonuses and contests from the broker.
Regulation and safety
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
Commissions and fees
| 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 |
|---|---|---|
|
$7.75 | |
|
$1 | |
|
$8.5 |
Account types
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:
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
Deposit and Withdrawal
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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.
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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.
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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.
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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%.
Investment Options
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.
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
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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.
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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.
Customer support
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:
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call the phone number indicated on the website;
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order a callback;
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write ane-mail;
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fill out the feedback form;
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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 |
+442080895636
|
Education
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.
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.
Comparison of TeleTrade with other Brokers
| TeleTrade | RoboForex | Pocket Option | Exness | Octa | IC Markets | |
| Trading platform |
MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, cTrader, MT5, TradingView |
| Min deposit | $1 | $10 | $5 | $10 | $25 | $200 |
| Leverage |
From 1:1 to 1:10 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| 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 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
70% / 20% | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 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 | No |
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:
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quotes from major banks;
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banks’ interest rates;
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market and central bank news;
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economic calendar and holiday calendar;
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technical analysis;
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market reviews;
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trading signals.
Advantages:
rather good trading conditions: three types of accounts, not including the demo account; relatively low spreads - from 0.2 pips;
many trading instruments: currency pairs, stocks, indices, cryptocurrencies and energies;
plenty of educational materials - a beginner can quickly learn the trading basics;
a good fundamental and technical market analysis toolkit;
social trading - you can earn money without trading yourself.
User Satisfaction