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
- SVGFSA
- 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 8.6 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 1:1000) 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.
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- detailed analytical section;
- informative training section;
- Invest Start risk-free investment service;
- interest accrual on deposit;
- copytrading service;
- several affiliate programs with high payouts.
- no PAMM accounts or other money management options;
- 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
Author, Financial Expert at Traders Union
TeleTrade provides a broad range of trading services, including Forex, indices, stocks, metals, cryptocurrencies, and energies. The broker offers MT4 and MT5 platforms, along with ECN, NDD, and crypto accounts with a minimum deposit requirement of $10. Leverage is up to 1:500, which caters to various trading strategies, including intraday and long-term approaches. Additionally, the broker supports comprehensive educational resources, market analytics, and a strong affiliate program.
Despite its advantages, TeleTrade faces several drawbacks, such as a potentially limited range of trading instruments and client support, which is only available from Monday to Friday. The company, through its main operating entity, is registered under the SVG FSA, which may concern safety-focused traders due to its Tier-4 regulatory status. The platform may not be suitable for those seeking instant withdrawals or using a diverse range of asset types beyond its core offerings. Overall, TeleTrade could be appropriate for beginners and experienced traders who prioritize a broad variety of instruments over stringent regulatory rigor.
- 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 PAMM/MAM accounts are not available.
TeleTrade Trading Conditions
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 |
💵 Deposit / Withdrawal: | Visa, MasterCard, Skrill, Neteller, Fasapay e-wallets, Crypto, P2P and bank transfer |
🚀 Minimum deposit: | USD 10 |
⚖️ Leverage: | 1:1000 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 lots |
💱 EUR/USD spread: | 0,2 pips |
🔧 Instruments: | Forex, metals, indices, energies, stocks, cryptocurrencies, ETF, Bonds |
💹 Margin Call / Stop Out: | 70% / 20% |
🏛 Liquidity provider: | Thomas Reuters |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Market Execution |
⭐ Trading features: | Cryptocurrency trading; Social trading; Cashback 10%; Negative Balance Protection |
🎁 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
Video Review of TeleTrade
Share your experience
- Best
- Last
- Oldest


Accurate and efficient
None


Everything’s clear and the platform is easy to use.
Financial conditions can change quickly


Fast and clear customer support, high-quality educational resources and market analytics, helpful website with regular news and analysis
Requires time investment to go through all the educational materials


The trading conditions are solid, Everything is clear: first confirmation, then processing, and the funds are quickly transferred.
Spreads aren’t the tightest on the market,


Flexibility in setting up synchronous (copy) trading Ability to control risk by adjusting the copying ratio Real-time monitoring of trader actions Opportunity to learn through observation and practice Suitable for growing as a trader while using expert support
Financial conditions can change quickly
Reliable license and quality analytics
Haven’t found any significant drawbacks
For me, the main advantage of TeleTrade is the length of its work on the market. 30 years of work deserve respect and trust.
I didn't find any, there are all the necessary services for trading.
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 or Personal 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;
-
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 has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 31 years
- Not tier-1 regulated
TeleTrade Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
TeleTrade Security Factors
Foundation date | 1994 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker TeleTrade have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TeleTrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TeleTrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TeleTrade Standard spreads
TeleTrade | Pepperstone | OANDA | |
EUR/USD min, pips | 0,8 | 0,5 | 0,1 |
EUR/USD max, pips | 1,4 | 1,5 | 0,5 |
GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
GPB/USD max, pips | 0,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TeleTrade RAW/ECN spreads
TeleTrade | Pepperstone | OANDA | |
Commission ($ per lot) | 3,5 | 3 | 3,5 |
EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TeleTrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TeleTrade Non-Trading Fees
TeleTrade | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
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 1:1000. 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
TeleTrade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
TeleTrade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- Bitcoin (BTC) accepted
- Bank wire transfers available
- Low minimum withdrawal requirement
- PayPal not supported
- Wise not supported
- Only major base currencies available
What are TeleTrade deposit and withdrawal options?
TeleTrade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
TeleTrade Deposit and Withdrawal Methods vs Competitors
TeleTrade | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are TeleTrade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. TeleTrade supports the following base account currencies:
What are TeleTrade's minimum deposit and withdrawal amounts?
The minimum deposit on TeleTrade is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TeleTrade’s support team.
Markets and tradable assets
TeleTrade offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 60 Forex pairs.
- 60 supported currency pairs
- Passive income with bonds
- Crypto trading
- Copy trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by TeleTrade with its competitors, making it easier for you to find the perfect fit.
TeleTrade | Plus500 | Pepperstone | |
Currency pairs | 60 | 60 | 90 |
Total tradable assets | 300 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products TeleTrade offers for beginner traders and investors who prefer not to engage in active trading.
TeleTrade | Plus500 | Pepperstone | |
Bonds | Yes | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Trading platforms & tools
TeleTrade received a score of 8.4/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- One-click trading
- Trading bots (EAs) allowed
- Free VPS for uninterrupted trading
- MetaTrader is available
- No access to API
- No access to a proprietary platform
- No TradingView integration
Supported trading platforms
TeleTrade supports the following trading platforms: MT4, MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared TeleTrade’s platform availability with that of top competitors to assess its relative market position.
TeleTrade | Plus500 | Pepperstone | |
MT4 | Yes | No | Yes |
MT5 | Yes | No | Yes |
cTrader | No | No | Yes |
TradingView | No | Yes | Yes |
Proprietary platform | No | Yes | Yes |
NinjaTrader | No | No | No |
WebTrader | Yes | Yes | Yes |
Key TeleTrade’s trading platform features
We also evaluated whether TeleTrade offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
2FA | Yes |
Alerts | Yes |
Trading bots (EAs) | Yes |
One-click trading | Yes |
Scalping | Yes |
Supported indicators | 68 |
Tradable assets | 300 |
Additional trading tools
TeleTrade offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
TeleTrade trading tools vs competitors
TeleTrade | Plus500 | Pepperstone | |
Trading Central | Yes | No | No |
API | No | No | Yes |
Free VPS | Yes | No | Yes |
Strategy (EA) builder | No | No | Yes |
Autochartist | Yes | No | Yes |
Mobile apps
TeleTrade supports mobile trading, offering dedicated apps for both iOS and Android. TeleTrade received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- User-friendly interface
- Mobile alerts not supported
- Weak user feedback on iOS
We compared TeleTrade with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
TeleTrade | Plus500 | Pepperstone | |
Total downloads | No data | 10,000,000 | 100,000 |
App Store score | No data | 4.7 | 4.0 |
Google Play score | No data | 4.4 | 4.0 |
Mob. 2FA | No | Yes | Yes |
Mob. Indicators | No | Yes | Yes |
Mob. Alerts | No | Yes | Yes |
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.
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;
-
order a callback;
-
write ane-mail;
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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 | SVGFSA |
Official site | https://www.teletrade.org/ |
Contacts |
+442080895636
|
Comparison of TeleTrade with other Brokers
TeleTrade | Eightcap | XM Group | RoboForex | Markets4you | Octa | |
Trading platform |
MT4, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5 | MetaTrader4, MetaTrader5, OctaTrader |
Min deposit | $10 | $100 | $5 | $10 | No | $25 |
Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:10 to 1:4000 |
From 1:40 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | 1.00% | No | No | 10.00% | No | No |
Spread | From 0.2 points | From 0 points | From 0.8 points | From 0 points | From 0.1 points | From 0.6 points |
Level of margin call / stop out |
70% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 20% | 25% / 15% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | Yes | No | No | Yes | Yes | 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. 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;
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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.
Latest TeleTrade News
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