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TeleTrade

9.4
Total score

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Founded in 1994, TeleTrade stands out from other brokerage companies and was awarded the title “Best Broker in Europe” at the IAFT Awards 2018 organized by the International Association of Forex Traders. As a member of the Forex Dealers Association, TeleTrade operates within a self-regulatory organization specializing in financial markets. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC, license No. 158/11). The broker provides a wide range of services, including access to trading in currency pairs, metals, stocks, cryptocurrencies, indices and energy resources.

  • Account currency

    Euro, dollar

  • Minimum deposit

    10 dollars

  • Leverage

    1:500

  • Spread

    From 0.2 points

  • Instruments

    Forex, metals, indices, energy resources, stocks, cryptocurrencies

  • Margin call / Stop out

    100% / 20%

Pros

  • Detailed analytical section: The company provides in-depth and detailed market analysis, which allows traders to obtain relevant and informed data for decision-making. This section includes comprehensive reports and forecasts that provide significant support for strategic trading planning.
  • Informative training section: TeleTrade invests in the development of its clients through extensive training content that covers different levels of experience, from beginners to advanced traders. This section includes webinars, video tutorials, seminars and more, making it a valuable resource for learning and improving trading skills.

Minuses

  • Lack of PAMM accounts and trust management: TeleTrade does not offer PAMM accounts or other forms of trust management, which may limit opportunities for investors who prefer passive investments.
  • Limited choice of trading instruments: The range of trading instruments available is small, which may not meet the needs of more experienced or versatile traders.
  • Limited withdrawal methods: The number of methods for withdrawal is limited, which can make it inconvenient for customers to transfer money.
  • Support Mode 24/5: Technical support is only available on weekdays, which may cause delays in resolving issues that occur on weekends.
  • Delays in withdrawals: Withdrawals can sometimes be delayed, potentially causing inconvenience to customers who need quick access to their funds.
  • Slow tech support response: Responses from support can be slow, compounding customer problems and increasing the wait time for resolution.
  • Long data verification process: Sometimes the process of verifying client data takes a long time, which can delay the start of trading activity.

Customer geography

  • Ukraine
    23.98%
  • Russia
    23.93%
  • Brazil
    15.64%
  • Romania
    15.3%
  • Dominican Republic
    6.82%
  • Poland
    5.81%
  • Vietnam
    5.53%
  • United Kingdom
    5.13%
  • United States
    5.1%
  • China
    4.61%
  • Others
    21.15%

Expert evaluation

Sarah Miller
Financial analyst, expert

MOFT has been cooperating with TeleTrade since 2012, and during this time many reviews from clients have been collected. All reviews are strictly moderated before being published on the website, which guarantees the relevance and reliability of information about the trading experience with TeleTrade.

Every MOFT client who opens an account with TeleTrade automatically gets access to free legal support and consultations on issues related to the broker’s work. These services are aimed at ensuring reliable and informed trading.

TeleTrade offers a wide range of trading instruments, including 28 currency pairs, metals, indices, stocks and energy, as well as the ability to trade cryptocurrencies. Clients can choose between several types of trading accounts and use a demo account to practice trading with virtual funds.

With an extensive analytical section and numerous educational materials, TeleTrade attracts both beginners and experienced traders. Advanced tools for technical analysis and the ability to use a variety of trading strategies, including pips, make the company attractive to a wide range of investors.

Analysis

9.4
Overall score
9.1
Order execution
9.7
Investment instruments
9.5
Withdrawal speed
9.3
Customer support performance
9
Number of instruments
9.8
Trading platform
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Development dynamics

TeleTrade provides unique opportunities for those who prefer active manual trading and automated trading with the help of robots. Although there is a limited selection of investment programs such as PAMM accounts or other forms of trust management, the company compensates for this with a service of automatic copying of operations conducted by experienced traders.

Although there are few investment programs, TeleTrade stands out due to its wide range of trading instruments and provision of personal consultations to VIP-clients who manage significant sums. The company also offers attractive affiliate programs, providing an opportunity for additional earnings.

Features for large investors: If you plan to invest more than 10,000 dollars, please contact our professional consultants at vip-invest.ru@tradersunion.com or through the support service on our website. Our specialists will provide detailed information and support at all stages, from registration to profit withdrawal.

TeleTrade Affiliate Program

  • CPA-partner: Partner can earn up to 500 dollars for each new client. Payments are made daily for registration, verification, deposit and trading activity of the referred trader.
  • Introducing Broker (IB): This program offers a minimum of 30% of the spread, and the terms may vary depending on the market of activity. The percentage of remuneration is directly proportional to the broker’s activity.

TeleTrade also offers marketing tools, including banners and lendings, to help affiliates develop their referral network and increase revenue.

Ribeit

MOFT rebate is available exclusively for TeleTrade clients who have opened a trading account through the Association’s website. In case of opening an account in any other way, there is no opportunity to receive the rebate.

Important information: TeleTrade pays 75% of the spread to MOFT on all types of accounts and trading instruments.

Example of rebate calculation: Suppose you trade the EUR/USD currency pair and open a daily trade for 1 lot, where the cost of a pip is 10 USD and the spread is 2 pips. So, the daily cost of the spread will be 20 dollars. From this amount, MOFT receives 75% of the spread and pays the trader a rebate of 80% of the received amount. As a result, the amount of your compensation will be 20×0.75×0.8=1220 \times 0.75 \times 0.8 = 12 dollars for 1 lot. This means that your actual spread cost is reduced to $8 per trade.

Try out this opportunity – you’re sure to love it!

Trading condition

TeleTrade brokerage company provides its clients with favorable trading conditions. The minimum trading volume for all accounts is set at 0.01 lots, which makes access to trading more flexible, and the minimum spread starts at just 0.2 pips, providing competitive rates. Deposits can be made starting from as little as $10, making the start-up accessible to traders with varying levels of capital.

TeleTrade clients can choose from three types of live accounts, each suitable for different trading strategies, and have the opportunity to copy the trades of experienced traders, which speeds up the learning process and increases potential profitability. In addition, the broker offers a wide range of financial instruments, including currency pairs, indices and cryptocurrencies, which allows traders to diversify their investment portfolios.

  • Trading platform

    MT4, МТ5

  • Accounts

    ECN, NDD, CENT, Demo

  • Account currency

    Euro, dollar

  • Deposit/withdrawal

    Visa, MasterCard, e-wallets Skrill, Neteller, Fasapay and bank transfer

  • Minimum deposit

    10 dollars

  • Leverage

    1:500

  • PAMM accounts

    have

  • Minimum order

    0.01 lots

  • Spread

    From 0.2 points

  • Instruments

    Forex, metals, indices, energy resources, stocks, cryptocurrencies

  • Margin call / Stop out

    100% / 20%

  • Liquidity provider

    Thomas Reuters

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    Market Execution, Instant Execution

  • Trading features

    There's cryptocurrency trading, social trading

  • Contests and bonuses

    yes

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Commission

Our analysts conducted a detailed analysis of the broker in order to identify all trading and non-trading commissions. The main focus was on two aspects: the spreads set by the company and the presence of additional fees charged for withdrawals.

Account type
Spread / commission
Withdrawal fee
Standard ECN
From $17
No
Professional NDD
From 9$
No
Sharp ECN CENT
From 2$
No
Cryptocurrency account
From 3$
No

Broker Overview

TeleTrade, a relatively young company in the forex market, offers its services to clients all over the world, fulfilling its obligations at a high level. The broker offers a variety of trading products suitable for both beginners and experienced traders.

The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a member of a self-regulatory organization – the Forex Dealers Association. This emphasizes the reliability and transparency of its services.

TeleTrade trading conditions

TeleTrade offers clients trading on three main types of accounts, which makes the company accessible to traders with different levels of experience:

  • Minimum deposit: only 10 dollars.
  • Minimum trade volume: 0.01 lots.
  • Execution technologies: Market Execution and Instant Execution, providing fast order execution.
  • Trading platforms: MetaTrader 4 and MetaTrader 5 are available in both desktop and mobile versions for Android and iOS devices.

The company also offers extensive analytics services including:

  • Quotes from the world’s leading banks.
  • Information about interest rates.
  • Market news and central bank actions.
  • Economic calendar.
  • Technical analysis and trading signals.

Types of TeleTrade trading accounts

  • ECN: Direct access to interbank liquidity, low spreads from 0.2 pips and 0.008% commission. Ideal for experienced traders.
  • NDD: No Dealing Desk account with floating spread starting from 0.8 pips and 0.007% commission. It is characterized by fast execution and no requotes, which is ideal for scalping.
  • CENT: A cent account that minimizes risk and is ideal for beginners and strategy testing.

TeleTrade Bonus Programs

  • Start Bonus: Up to 100% bonus funds upon account opening.
  • 24% Bonus: Additional 24% per annum on your own funds for active trading.
  • VIP Privileges: Personal managers, increased bonus rates and cashback up to 15% of transaction costs for large deposits.

Loyalty program

TeleTrade rewards clients with bonus points for account deposits and active trading. Points can be exchanged for additional funds or cash, making trading with TeleTrade even more profitable.

TeleTrade offers comprehensive services for all types of traders, supported by robust regulation and extensive analytical resources, making it an attractive choice for traders looking for a reliable and innovative broker.

TeleTrade provides an extensive training section on its website, which is available to all traders wishing to deepen their knowledge in Forex trading and other financial markets. The broker offers materials on the basics of analytics and trading strategies, including training courses, video tutorials, and holds webinars for all levels of experience.

Withdrawal of funds in TeleTrade

Traders can withdraw funds from their trading accounts in a variety of ways:

  • Bank card Visa and MasterCard:
    • Currencies: dollars and euros
    • Commission: 2.35% + 1 EUR or 1.30 USD
    • Terms: 1-2 business days after application approval
  • Bank account:
    • Minimum amount: 500 dollars or equivalent in euros
    • Fee: 80-150 euros, depending on the bank
    • Deadlines: 2-3 days from the moment of application approval
  • E-wallets (Skrill, Neteller, Fasapay):
    • Currencies: dollars and euros (only dollars for Fasapay)
    • Commission: 2% for Neteller, 1% for Skrill, 0.5% for Fasapay
    • Terms: 1-2 business days

Support service

TeleTrade support service is available 24 hours a day, 5 days a week, providing prompt assistance to traders. You can contact support via:

  • Phone (at the number listed on the website)
  • Callback order
  • Email
  • Feedback form
  • Online chat in my personal cabinet

These channels provide access to support both through the website and directly from a personal account, making it easy for customers to interact with the company.

Advantages

  • Flexible trading conditions: The company offers three types of accounts, not including training, with competitive spreads starting from 0.2 pips, allowing clients to choose the terms that best suit their trading strategy.
  • A wide range of trading instruments: TeleTrade makes it possible to trade a multitude of assets, including currency pairs, stocks, indices, cryptocurrencies and energy resources, providing traders with a variety of opportunities for portfolio diversification.
  • Extensive training materials: The broker provides an extensive range of training resources to help beginners quickly learn the basics of trading and develop their skills at an advanced level.
  • Advanced analytical tools: TeleTrade offers extensive tools for fundamental and technical analysis, allowing traders to deeply analyze the market and make informed trading decisions.
  • Social Trading: The broker offers a social trading feature where clients can make money by copying the trades of experienced traders, which is ideal for those who do not want to trade on their own.
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TeleTrade personal account overview

For a convenient and quick start to work with TeleTrade, we suggest familiarizing yourself with the key steps of using your personal cabinet on the broker’s official website:

  1. Log in to myAlpari : MyAlpari is accessed directly from the home page of the TeleTrade website. Click on the “My Account” button to log in.
  2. Authorization: To log in, you need to enter your email address or personal account number and password. A quick authorization option via Google, Facebook or WebMoney Transfer is also available.
  3. Registering a new account: If you do not have an account yet, you can register by clicking on “Open an account”. The registration process will require you to provide your name, phone number, email address and password, as well as passport verification. Quick registration is also available via Google, Facebook or WebMoney Transfer.
  4. Launching the trading terminal and depositing: After authorization or registration you will be able to download and install the trading terminal, as well as deposit to your trading account.

Using a personal account:
The following functions are available in the personal account:

  • Take advantage of bonuses from the company.
  • Choose a trading instrument.
  • Analyze the market and start trading.
  • View the latest analytics and news.
  • Manage trading with robots.
  • Study training materials.
  • View the history of transactions and account operations.
  • Track up-to-date quotes.
  • Contact the support service for advice.
  • For VIP-clients – an opportunity to contact a personal manager.
  • View statistics on affiliate programs.
  • Participate in bonuses and contests from the broker.

These steps will help you maximize your ability to start trading and utilize all available resources on the TeleTrade platform.

Answers to questions

  • How to register in TeleTrade

  • What types of trading accounts does TeleTrade offer

  • What deposit and withdrawal methods are available at TeleTrade

  • What training materials does TeleTrade offer

  • Does TeleTrade have a social trading option

  • What bonuses and promotions does TeleTrade offer

  • How to contact TeleTrade Support

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