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TeleTrade Broker Analysis

Explore TeleTrade, a trusted forex and CFD broker since 1994, offering diverse trading instruments, user-friendly platforms, and robust security for traders of all levels.

Updated: 2 April 2025
Overall rating
4.6 of 5
Minimum deposit
10
Tradable instruments
Forex, metals, indices, energy resources, stocks, cryptocurrencies
Regulation
CySEC
Overview Users reviews
Marina Panasenko
Edited by
Marina Panasenko
Table of Content

Company Profile

A forex and CFD broker founded in 1994 with a very long history in the forex industry is TeleTrade. TeleTrade presents a total package of trading opportunities, a very competitive spread in the market, and also with various account types. TeleTrade's office is in Cyprus, and it has an international reach because institutional and retail clients use its services. TeleTrade boasts of user-friendly platforms and quality educational materials, making it a trustworthy place to trade for both novices and experts.

Advantages and Disadvantages

Advantages

  • Tight spreads
  • A wide range of deposit and withdrawal methods
  • Diversity of financial assets
  • An extensive set of analytical tools
  • Quality customer support

Disadvantages

  • High commission on ECN and NDD accounts
  • High swaps
  • Long withdrawal request processing time
  • Lack of educational materials other than articles

Security

TeleTrade is regulated by CySEC and also by MiFID II legislation of the European Union which brings about transparency and protection to the trader's system. The safety measures provided by the broker include:

  • Segregated Accounts: Client-affiliated funds to keep broker funds separate from the operational accounts. Trader insolvency will be protected up to €20,000 by the investor compensation fund (ICF).
  • Secure data access and transmission, since they utilize encryption protocols.

Financial Instruments

TeleTrade grants traders access to a diverse range of financial instruments:

  • Forex: Over 50 currency pairs are available, including majors, minors, and exotics.
  • Indices: Leading global indices available include NASDAQ, S&P 500, and FTSE 100.
  • Stocks: The platform offers leading US, European, and Asian companies' CFDs on their shares.
  • Commodities: Includes gems, energy, agricultural goods.
  • ETFs: For a diversified portfolio of investments, the trading platform offers exchange-traded funds.

Account Types

Costs and Commissions

The fees and commissions are quite interesting with TeleTrade:

  • Forex Spreads: As low as 0.8 pips depending on account types.
  • Stock CFDs: Commissions depend on the region or exchange and are variable.
  • Non-Trading Fees: Inactivity fees apply only if accounts become unused for certain long periods.

Trading Platforms

Available tools Forex, metals, indices, energy resources, stocks, cryptocurrencies
Cryptocurrencies BTC, ETH, XRP, LTC, BTC Cash, DASH, EOS, XLM
CFD Cryptocurrency: 50 Stocks: 220 Bonds: 2

TeleTrade provides cutting-edge software which includes these two trading platform elements:

  • MetaTrader 4 (MT4): Offers accessible charting tools, technical indicators, and algorithmic integration.
  • MetaTrader 5 (MT5): Advanced features like an economic calendar, offering more asset classes.
  • TeleTrade MobileFX: iOS and Android apps make the above platforms mobile.

Client Assistance

TeleTrade uses different means of communication in answering customer questions:

  • Live chat
  • Email
  • Telephone for immediate inquiries only during office hours

Material for Education

Consists of webinars, tutorials, and market analysis information.

Education content Yes
Education score 4.5

Opening an Account

Account opening is an easy process for TeleTrade:

  1. An individual is free to visit the TeleTrade site from where the registration will be completed online.
  2. Identification documents should be ready for the verification process.
  3. Afterwards, one chooses the account by payment method.
  4. Funds are placed into an account before one begins trading.

Deposits and Withdrawals

To fund or withdraw money in their accounts, they can use many methods TeleTrade provides:

  • Methods for Payment: Bank transfer, credit or debit cards, e-wallets like Skrill or Neteller.
  • Processing Time: It might take one business day for a deposit, and a withdrawal uses between 1 and 3 business days.
  • Fees: Deposits may come without any fee, but the withdrawal will depend on the payment method.

FAQ

Does TeleTrade have internationally known traders under their wing?

Of course; other brokers have TeleTrade demonstrating some international recognition.

What can be understood from trading platforms?

Desktop, web, and mobile trading: MetaTrader 4 and MetaTrader 5 provide the same services as trading on the web and mobile devices.

What is the lowest account deposit?

Around $100 with most of them.

Users reviews

DAAVILE HF

Steer clear of this platform at all costs. Copy FX operates like a scam. They deduct funds from client accounts as soon as profits are realized, but those funds never seem to reach the investors. Their customer support is incredibly slow, taking days to respond, and I still have unresolved tickets from August! Even cryptocurrency withdrawals take up to a week, which is ridiculous since crypto transactions are supposed to be quick and not tied to business days. For instance, a bank transfer with RoboForex took just 10 seconds, whereas TeleTrade can't even process a crypto withdrawal in a single day. This is a massive scam, and by using this broker, you're inadvertently supporting Russia against Ukraine, as they exploit clients and funnel money to support war efforts. I've filed complaints with regulatory bodies, and I urge everyone to avoid this broker and report them to regulators to help shut down these fraudulent operations.

9 February 2025 Read
Gabriela

I want to express my gratitude to Teletrade for helping me close this year on a high note with significant profits. The courses they offered were incredibly beneficial, and the support from the entire team was invaluable. I'm ending the year on a positive note and look forward to continuing our collaboration. Thank you, Teletrade!

8 February 2025 Read
Clara Ng

2/1: If you're reading this before investing or setting up a trading account with TeleTrade, consider yourself fortunate. I've been with them for two years, even paid extra for their VIP group and installed their so-called automated trading robot. Unfortunately, I ended up losing a significant portion of my investment. The broker provides signals supposedly to increase our earnings, but in reality, they led to losses in the stock market. Whenever I questioned them, they simply blamed the market, never admitting any fault. I'm writing this review to spare others from the distress I've experienced. I've been trying to withdraw the remaining funds from my account, but my requests have been repeatedly denied without a valid explanation, leaving my money trapped. This has been the worst investment decision of my life. 9/30: I noticed your response below, and it's amusing that you claim you can't find my account, yet your agent promptly called me after seeing my review. I was instructed to open two accounts to separate my investments in stocks and forex. One of my account numbers is 941818; the other I can't recall because it was wiped out. Initially, Louis managed my account and it slowly generated profits. However, after Louis left, Hussain took over and recommended installing a "robot" for automated trading, which resulted in losing most of my funds within just a week! I have kept all the receipts for the payments made for this robot. I'm providing these updates to prove the truth of my experience compared to other misleading reviews out there.

7 February 2025 Read
Almendra García

Their pricing doesn't match what I see on Invertir. It feels like they manipulate the rates. I set a stop-loss order, and it triggered on Teletrade, resulting in losses for me, even though the price never reached that level on Invertir.

5 February 2025 Read
Bergon

Engaging in trading currencies and commodities isn't my main source of income, but I have a keen interest in the global financial markets. This involvement helps me stay informed about market trends. TeleTrade's presence in the European market gives me confidence in their reliability. I've gained substantial knowledge about trading through the broker's support. This includes mastering technical analysis, such as identifying support and resistance levels, pinpointing reversal points, and understanding how various indicators interact with different assets. I've also delved into fundamental analysis, learning how news and significant events can impact the market. Moreover, I've developed skills in risk management and managing the emotional aspects of trading. One feature I appreciate about TeleTrade is the ability to automatically follow successful traders. The platform is user-friendly, making it easy to choose a trading strategy based on past performance, with numerous indicators of effectiveness and comprehensive statistics available.

4 February 2025 Read
Dulce Sandoval

I've been with this company for a while now, and over the years, my investments have grown. Although I've faced some losses with a few portfolios, the advisors are extremely professional and support me every step of the way. Withdrawals are secure, and there are no restrictions.

4 February 2025 Read
Fernando Torres

This broker provides an excellent foundation for anyone looking to start earning in the forex market. Their advisors are highly skilled and knowledgeable.

4 February 2025 Read
Robles

As a resident of Mexico, I've had a positive experience with the management team in Latin America. The service has been excellent, and my personal manager has been incredibly helpful. The success I've seen with sync trading has been impressive, making this a worthwhile investment choice.

3 February 2025 Read
Abelard

A few months back, I ventured into trading and began my search for a reliable broker. That's when I came across TeleTrade, and I must say, their customer service truly impressed me. The training they offer is top-notch, and their analytical team provides solid insights. I'm a regular visitor to their website, where I keep up with the latest news and articles. This routine has really helped me understand the market better and boosted my confidence significantly.

2 February 2025 Read
Gigi H.

After it transitioned to Earn, the commission rates skyrocketed, making them so steep that engaging in scalping feels almost impossible without being heavily impacted by the fees.

2 February 2025 Read
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