TeleTrade Review 2019

TeleTrade Rated 4/5

TeleTrade Guide

TeleTrade are an online broker founded in 2008 offering Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

TeleTrade are a global broker and have multiple offices around the world including a head office in Cyprus.

TeleTrade have a listed stock symbol. This means that TeleTrade have publically listed and you can officially buy shares in TeleTrade on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of TeleTrade we break down the pros and cons. What TeleTrade are able to offer, what countries TeleTrade are available in. Who TeleTrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with TeleTrade

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
  • Headquarters Country : Cyprus
  • Foundation year 2008
  • Min Deposit : 100
  • Used by over 50,000 traders
  • TeleTrade is not available in the following countries :
Open TeleTrade's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to TeleTrade

With this review we hope to help you see if TeleTrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding TeleTrade that will help you get off to a good start in the world of online trading.

TeleTrade Review Table of Contents

TeleTrade what you should know

TeleTrade offer four ways to trade: Forex trading, Spread Betting, Social trading, Share Dealing.

With TeleTrade you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with TeleTrade platform.

TeleTrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are TeleTrade safe?

When choosing a broker like TeleTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years TeleTrade have a head office in Cyprus.

TeleTrade is regulated. This means TeleTrade are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TeleTrade, this will be honored. If TeleTrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to TeleTrade accounts by traders are held in a segregated bank account.

For added security TeleTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with TeleTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit TeleTrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker teletrade XTB Pepperstone eToro
Year Established 2008 2002 2010 2006
Head Office Cyprus Poland Australia Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 50,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes Yes No
Guaranteed Stop Loss Yes Yes No No
Learn More Visit TeleTrade Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

TeleTrade Pros and Cons

What we like about TeleTrade

  • Used by over 50,000 traders
  • TeleTrade have an office open to the public in every country where they operate.
  • TeleTrade have a have a REAL ecn account.
  • TeleTrade offer customers a free signal service (telegram channel) and live webinar twice a day.
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
  • Min. deposit from $100

What we don't like about TeleTrade

TeleTrade Financial Regulation and Supervision in more detail

We have checked and TeleTrade is regulated and supervised by reputable organisations. You are able to check every TeleTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with TeleTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect TeleTrade traders and provide a safe trading environment.

TeleTrade is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as TeleTrade you should be sure they're legitimate online agent.

TeleTrade Awards

TeleTrade have won numerious industry awards over the 25 plus years they have been operating as a financial broker. We list the most notible awards and mentions for TeleTrade below.

  • Capital Finance International Best Forex Broker Europe 2017 Winner
  • Global Banking & Finance Review Best CFD Broker Europe 2015 Winner
  • Global Banking & Finance Review Best Forex Customer Service Broker Europe 2015 Winner
  • International Finance Magazine Best Trading Education Provider Europe 2014 Winner
  • Global Banking & Finance Review Best Trading Platform Southern Europe 2014
  • ForexShow United Arab Emirates exhibtion Most Trusted Forex Broker 2013 Winner
  • Banker Magazine Expert in Financial Markets 2013 Winner
  • Forex Expo Awards Broker of the Year 2010 Winner

TeleTrade General Fees

  • TeleTrade withdrawal fees varies on payment method
  • TeleTrade does charge inactivity fees
  • TeleTrade doesn't charge deposit fees
Broker teletrade XTB Pepperstone eToro
Min Deposit 100 0 200 200
Withdrawl Fees varies varies No Yes
Inactivity Fees Yes No Yes Yes
Deposit Fees No No No No
CFD Commission Fees No Yes Yes No

TeleTrade Commissions

  • TeleTrade doesn't charge commission on CFD shares.

What can you trade with TeleTrade?

You can trade a wide variety of instruments with TeleTrade over 221 instruments infact.

If you are looking at trading currency pairs TeleTrade offer over 60 currency pairs.

Compare TeleTrade with XTB and Pepperstone below.

Your capital is at risk

Broker teletrade XTB Pepperstone eToro
Instruments Available 221 1,500 100 100
Platforms MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit TeleTrade Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 60 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit TeleTrade Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 10 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit TeleTrade Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 200 1696 60 957
UK Shares Yes Yes No Yes
US Shares Yes Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes No Yes

Trading on TeleTrade web platforms and other applications

TeleTrade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

TeleTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See teletrade's platforms

TeleTrade Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

TeleTrade Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • ECN account

Can I try TeleTrade before I buy?

TeleTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do TeleTrade accept?

TeleTrade offer the below funding payment methods. learn more about TeleTrade

  • Skrill
  • Neteller
Broker teletrade XTB Pepperstone eToro
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with TeleTrade?

When opening a trading account with TeleTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TeleTrade trading platforms here.

Performing trades with TeleTrade

TeleTrade allow you to execute a minimum of trade of varies. This may vary depending on the account you open. TeleTrade allow you to execute a maxium trade of varies. As TeleTrade offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at TeleTrade

To trade effectively with TeleTrade, it's important to get a have a good understanding of the XTB trading tools and the markets.

TeleTrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with TeleTrade.

Take time to look around the TeleTrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at TeleTrade

TeleTrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Broker teletrade XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit TeleTrade Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with TeleTrade

As TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore TeleTrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with TeleTrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.teletrade.eu/ on 12th August 2018.

Watch this TeleTrade Informational Video

TeleTrade Bottom Line

  • TeleTrade have a good track record of offering Forex trading, Spread Betting, Social trading, Share Dealing.
  • TeleTrade has a history of over 25 years.
  • TeleTrade has a reasonable sized client support call center of at least 10.
  • TeleTrade are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). This means TeleTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • TeleTrade have regulation from a Tier 1 reputable country.
  • TeleTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • TeleTrade have an international presence in multiple countries. This includes local TeleTrade seminars and training.
  • TeleTrade are able to hire people from various locations in the world who can better communicate in your local language.

TeleTrade Risk Disclaimer

Your capital is at risk

TeleTrade not quite right?

Check out these TeleTrade Alternatives

We have spent years researching the best alternatives to TeleTrade. Click the links below to learn more.

If you feel some of the above TeleTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of TeleTrade alternatives below.

Related TeleTrade Comparisons

If you would like to see how TeleTrade stands up against other brokers you can read some of our TeleTrade comparisons below. We compare side by side some of our top rated TeleTrade versus comparisons. Read some indepth TeleTrade VS pages below.

TELETRADE Frequently Asked Questions

Can I try TeleTrade before I buy?

TeleTrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do TeleTrade accept?

TeleTrade offer the following funding payment methodsSkrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with TeleTrade?

When opening a trading account with TeleTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TeleTrade trading platforms here.

Is my money safe with TeleTrade?

TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). One of the most important criteria for traders when choosing a broker like TeleTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TeleTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.