TeleTrade Review 2020

TeleTrade Rated 2/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
TeleTrade Review Screenshot

TeleTrade Guide - Read our In Depth TeleTrade Review

This TeleTrade review was written by industry experts with over 20 years of financial experience in Forex trading, Spread Betting, Social trading, Share Dealing.

What is TeleTrade?

TeleTrade are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later TeleTrade has grown to offering retail investors Forex trading, Spread Betting trading, Social trading, and Share Dealing trading.

TeleTrade are a global broker and have a head office in Cyprus.

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

We will dive deep in this TeleTrade review and assess how well the TeleTrade platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like TeleTrade can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of TeleTrade we breakdown 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this TeleTrade review useful.

This review of the TeleTrade platform is very detailed. If you are interested in trading with TeleTrade in any capacity please take the time to read and research the whole TeleTrade review.

We have tried to explain the ins and outs of financial trading through the TeleTrade platform as plainly as possible so that you the trader are as informed as possible before you start to use the TeleTrade trading tools and depositing and withdrawing funds from TeleTrade.

Benefits of trading with TeleTrade

Open TeleTrade's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with TeleTrade like Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in TeleTrade and know that the management of your financial investments on the TeleTrade platform is in good hands.

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

With this TeleTrade 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 review
TeleTrade is a Multi-Assets Trading Platform with over 221+ Assets

Learn more about TeleTrade. TeleTrade is a multi asset platform with 221+ tradable Assets. Assets available on TeleTrade include Forex trading, Spread Betting, Social trading, Share Dealing.

TeleTrade trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

TeleTrade review
Features of TeleTrade

TeleTrade review
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.

TeleTrade review
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 12 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), 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.

TeleTrade review
Is my money safe with TeleTrade?

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.

What are Tier 1 banks and why should TeleTrade use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in TeleTrade deposited in a Tier 1 bank?

Having any money you deposit with TeleTrade means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if TeleTrade goes out of business for some reason.

Therefore, we can safely conclude that TeleTrade is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. TeleTrade also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding TeleTrade. let us look at the TeleTrade features in more detail.

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.

How TeleTrade as a Company Compare Against Other Brokers

Broker teletrade eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 50,000+ TeleTrade users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit TeleTrade Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TeleTrade review
TeleTrade Pros and Cons

What we like about TeleTrade

  • Used by over 50,000 TeleTrade users and 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), Markets In Financial Instruments Directive (MiFID)
  • Min. deposit from $100

What we don't like about TeleTrade

TeleTrade review
TeleTrade Regulation and Licensing 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 review
Is TeleTrade Global?

Yes, TeleTrade is global as TeleTrade is available in over 193 countries.

TeleTrade is a global trading platform in the sense that it operates in 193 nations including nations in Europe, Asia, Oceania, and Africa. Major countries TeleTrade covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. TeleTrade has a total of more than 50,000 users.

TeleTrade review
TeleTrade Awards

TeleTrade have won numerious industry awards over the 12 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 review
TeleTrade Fees Explained

  • TeleTrade withdrawal fees varies on payment method
  • TeleTrade does charge a fee for inactive accounts.
  • TeleTrade doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How TeleTrade Fees Compare Against Other Brokers

Broker teletrade eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes Yes

TeleTrade review
TeleTrade Minimum Deposit

TeleTrade require a minimum desposit of 100 GBP/USD when opening an TeleTrade trading account.

A minimum deposit is the minimum amount of money required by TeleTrade to open a new online brokerage account with them.

Dont be scared off by brokers like TeleTrade charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

TeleTrade review
TeleTrade Withdrawal Fees

TeleTrade withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

TeleTrade for example allow you to withdraw your funds to MoneyBookers, Skrill, Visa, Mastercard, Neteller, Internal Transfer, China Unionpay.

TeleTrade review
TeleTrade Inactivity Fees

TeleTrade does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

TeleTrade review
TeleTrade Desposit Fees

TeleTrade does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

TeleTrade review
TeleTrade Commission Fees

TeleTrade does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

TeleTrade review
What can you trade with TeleTrade?

Be aware that Different entities under TeleTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Your capital is at risk

How TeleTrade Trading Options Compare Against Other Brokers

Broker teletrade eToro IC Markets XTB
Instruments Available 221 2000 232 4000
Platforms MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 60 50 65 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        
Commodities Offered 10 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 200 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit TeleTrade
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TeleTrade review
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 review
Is the TeleTrade Trading Platform Secure?

TeleTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. TeleTrade also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating TeleTrade.

TeleTrade review
TeleTrade Trading Platform Options

Once you have logged into your TeleTrade account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

TeleTrade does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

TeleTrade does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options TeleTrade gives you.

TeleTrade review
TeleTrade MetaTrader 4 (MT4)

TeleTrade MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with TeleTrade. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with TeleTrade in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. TeleTrade MetaTrader 4 is compatible with the latest macOS Mojave. TeleTrade allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on TeleTrade

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade TeleTrade MetaTrader 4 on IOS Devices

You can download the TeleTrade app or also trade with TeleTrade through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade TeleTrade MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. TeleTrade provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android TeleTrade MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade TeleTrade MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

TeleTrade MetaTrader 4 Advanced Trading Tools

The TeleTrade advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. TeleTrade offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade TeleTrade MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

TeleTrade MetaTrader 4 AutoChartist

TeleTrade Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

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
  • STP 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

Your capital is at risk

TeleTrade withdrawal and funding methods.

Please note that the list of TeleTrade payment methods below depend on the TeleTrade Entity and the Clients Country of Residence.

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

TeleTrade Payment Methods

  • TeleTrade accepts MoneyBookers
  • TeleTrade accepts Skrill
  • TeleTrade accepts Visa
  • TeleTrade accepts Mastercard
  • TeleTrade accepts Neteller
  • TeleTrade accepts Internal Transfer
  • TeleTrade accepts China Unionpay
Broker teletrade eToro IC Markets XTB
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 No 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.

Your capital is at risk

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 instruments.

TeleTrade Leverage and TeleTrade CFDs Explained

let's take a look at some of the basics of using TeleTrade leverage.

TeleTrade offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

TeleTrade leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the TeleTrade trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The TeleTrade leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

TeleTrade CFDs are typically used for short to medium term trades. For example TeleTrade intraday trading.

Limiting Your Risk When Trading with TeleTrade Negative Balance Protection

We should say something about negative balance protection with TeleTrade. When trading using leverage an adverse move could result in losing more than your trading account balance at TeleTrade. Your TeleTrade account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Education resources at TeleTrade

To trade effectively with TeleTrade, it's important to get a have a good understanding of the TeleTrade 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.

Customer 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

TeleTrade have a D grade support rating because because sometimes the response was slow or our query wasnt answered. TeleTrade less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at TeleTrade

We tested the TeleTrade live chat and it works well. We sent messages to TeleTrade livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with TeleTrade support in multiple languages in multiple countries. TeleTrade where able to resolve our customer issues.

Email Support at TeleTrade

We sent several emails to TeleTrade and answer times overall were excellent. The fastest response from TeleTrade was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with TeleTrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from TeleTrade.

Phone Support at TeleTrade

We called TeleTrade and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The TeleTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual TeleTrade team by calling in varying languages. TeleTrade made an effort to make sure our queries were answered.

Overall the phone support from TeleTrade was okay.

See how TeleTrade Support Compares Against Other Brokers

Broker teletrade eToro IC Markets XTB
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, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit TeleTrade Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and 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), 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under TeleTrade Brand may be different.

  • 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 3 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 the TeleTrade trading platform 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 November 30, 2020.

TeleTrade review
Watch this TeleTrade Explainer Video

TeleTrade review
Is TeleTrade A Good Broker?

We spent over 3 months examining TeleTrade in depth. Although we found some very useful aspects of the TeleTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative TeleTrade broker.

  • TeleTrade have a good track record of offering Forex trading, Spread Betting, Social trading, Share Dealing.
  • TeleTrade has a history of over 12 years.
  • TeleTrade has a reasonable sized customer support of at least 10.
  • TeleTrade are regulated by Cyprus Securities and Exchange Commission (CySEC), 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 review
TeleTrade not quite right?

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TeleTrade review
Related TeleTrade Vs Comparisons

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TeleTrade review
TELETRADE Frequently Asked Questions

Can I try TeleTrade before I buy?

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

What funding methods do TeleTrade accept?

Please note that the list of payment methods below depend on the TeleTrade Entity and the Clients Country of Residence.

TeleTrade offer the following funding payment methods MoneyBookers, Skrill, Visa, Mastercard, Neteller, Internal Transfer, China Unionpay, among other payment methods.
Learn more here

Your capital is at risk

Is TeleTrade safe?

TeleTrade are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). 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.

Is TeleTrade trading good?

TeleTrade is considered good and reputable to trade with TeleTrade. TeleTrade is used by over 50000 active traders and TeleTrade users. TeleTrade offers Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with TeleTrade is 100.

Is TeleTrade trading Legit?

TeleTrade was founded in Cyprus in 2008. TeleTrade has been facilitating trade on the financial markets for over 12 years. TeleTrade offers clients Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to TeleTrade are held in segregated tier 1 bank accounts for security. TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered legit.

Is TeleTrade a good broker?

TeleTrade is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered a good broker. TeleTrade allows Forex trading, Spread Betting trading, Social trading, and Share Dealing trading.

Is TeleTrade trustworthy broker?

TeleTrade can be considered trustworthy. All money funded to TeleTrade is placed into a segregated tier 1 bank account. this means your money in not held by TeleTrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

What is the minimum deposit for TeleTrade?

The minimum deposit to trade with TeleTrade is 100.

How long do TeleTrade withdrawals take?

Withdrawing money from TeleTrade processing time varies but averages 2-5 days.

Is TeleTrade regulated?

TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

Is TeleTrade a market maker?

TeleTrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

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), 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.

Is TeleTrade a con?

TeleTrade is regulated and well established having been in business for over 12 years. TeleTrade is definitely not a con.

Can you make money with TeleTrade?

Although traders have had great success with TeleTrade. Trading on the financial markets with TeleTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does TeleTrade have fees?

TeleTrade withdrawal fees varies on payment method. TeleTrade does charge a fee for inactive accounts. TeleTrade doesn't charge deposit fees.

When was TeleTrade founded?

TeleTrade was founded in 2008.

How many people use TeleTrade?

TeleTrade is used by over 50000 registered TeleTrade users.

What is TeleTrade Headquarters country?

TeleTrade has its head quarters office in Cyprus.

Does TeleTrade offer negative balance protection?

TeleTrade offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does TeleTrade offer guaranteed stop loss?

TeleTrade offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does TeleTrade allow scalping?

TeleTrade offers scalping.

Does TeleTrade allow hedging?

TeleTrade offers hedging.

Does TeleTrade offer CFD trading?

TeleTrade offers CFD trading.

Does TeleTrade offer STP?

TeleTrade offers STP trading.

How many people use TeleTrade?

TeleTrade is used by over 50000 TeleTrade users and traders.

Is TeleTrade an ECN broker?

TeleTrade offers ECN trading.

Does TeleTrade offer a demo account?

TeleTrade offers a demo account.

Does TeleTrade offer an Islamic account?

TeleTrade does not offer Islamic accounts.

What are the funding methods for TeleTrade?

TeleTrade accept the following funding methods : MoneyBookers, Skrill, Visa, Mastercard, Neteller, Internal Transfer, China Unionpay.

TeleTrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the TeleTrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

TeleTrade review written by Mark Hansen of Comparebrokers.co