TeleTrade

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Popularity popular broker
Leverage Up to 1:500
Minimum Deposit $200
Regulation CySEC, FCA, MiFID
Payment Methods Bank Transfer, Credit Card, PayPal, Skrill
Trading Assets Forex, Commodities, Indices, Stocks, Cryptocurrencies
MT4
MT5
Spreads Low
Average cost: EUR/USD 0.7 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee Yes
Year Established 1994
Address 62 Athalassas Avenue, Strovolos, Nicosia, Cyprus
Contact Information Email: [email protected], Phone: +357 22 51 44 00
Mobile Trading APP
Rating ★★★★☆ 4.4
Website

Pros and Cons

Pros
  • Robust regulatory framework enhances security.
  • Competitive spreads and no commissions on deposits and withdrawals.
  • Extensive range of trading instruments across multiple markets.
  • Support for MT4, MT5, and bespoke trading platforms.
  • Effective educational resources for traders.
  • Special conditions for VIP clients with large accounts.
Cons
  • Limited support for advanced risk management tools.
  • Customer support not available 24/7.
  • Inactivity fees apply after a certain period.
  • No support for crypto wallet or exchange services.

Introduction

TeleTrade is a well-established broker that has been providing trading services since 1994.

This review will delve into the various aspects of its offerings, including its trading platforms, range of assets, customer support, regulatory compliance, and much more.

Our goal is to provide an insightful and detailed analysis to help potential clients make informed decisions.

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Company Overview

TeleTrade has made significant strides in the Forex and CFD trading industry, catering to millions of traders globally.

The broker is renowned for its commitment to providing secure and reliable trading services, backed by comprehensive educational resources and advanced trading tools.

Key Facts at a Glance:

  • Founded: 1994
  • Regulations: CySEC, FCA, MiFID
  • Minimum Deposit: $200
  • Leverage: Up to 1:500
  • Trading Platforms: MetaTrader 4, MetaTrader 5
  • Headquarters: Nicosia, Cyprus

Regulatory and Safety Measures

Regulation

The broker is regulated by top-tier authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.

These regulations ensure that the broker adheres to strict standards of operation, which guarantees a high level of security and fairness for traders.

Safety Measures

The company implements robust security measures to protect client funds and personal information.

These include:

  • Segregation of client funds from the company’s operational funds.
  • Participation in investor compensation funds.
  • SSL encryption technology to secure data transmissions.

Trading Platforms

TeleTrade offers two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Each platform caters to different trader needs and preferences.

MetaTrader 4

  • User-Friendly Interface: Ideal for beginners and experienced traders alike.
  • Automated Trading: Supports trading robots and expert advisors.
  • Advanced Charting Tools: Comprehensive set of analytical tools and indicators.

MetaTrader 5

  • Multi-Asset Platform: Allows trading stocks, forex, and futures.
  • Enhanced Trading Systems: Includes more technical indicators, graphical objects, and timeframes than MT4.
  • Economic Calendar: Integrated directly into the platform.

Both platforms are available on desktop, web, and mobile versions, ensuring traders can manage their trades from anywhere at any time.

Asset Range

TeleTrade offers a wide variety of trading instruments, including:

  • Forex: Over 50 currency pairs, including major, minor, and exotic pairs.
  • Commodities: Metals, energies, and agricultural products.
  • Indices: Major global indices such as the S&P 500, DAX, and Nikkei.
  • Stocks: Access to major stock exchanges like NYSE, NASDAQ, and more.
  • Cryptocurrencies: Popular cryptocurrencies including Bitcoin, Ethereum, and Litecoin.

Trading Accounts

Tele Trade offers many account types to suit different trading styles and preferences.

Here is a detailed comparison to help traders choose the one that best fits their needs.

Account Types Overview

Account Type

Minimum Deposit

Spreads From

Commission

Leverage

Platform

Standard

$200

1.2 pips

None

Up to 1:500

MT4, MT5

Professional

$1,000

0.6 pips

$3.5 per lot

Up to 1:500

MT4, MT5

Islamic

$200

1.3 pips

None

Up to 1:500

MT4, MT5

Cent Account

$50

1.0 pips

None

Up to 1:500

MT4

ECN Account

$500

0.0 pips

From $2 per lot

Up to 1:500

MT5

Standard Account

  • Features: The Standard Account is ideal for beginners, with a reasonable minimum deposit and no commission fees. It offers competitive spreads and access to all trading instruments.
  • Platforms Available: Available on both MT4 and MT5 platforms.
  • Currency Options: Accounts can be denominated in USD, EUR, or GBP.

Professional Account

  • Features: Aimed at experienced traders, this account type offers lower spreads and higher leverage options but includes a commission per trade. It is suitable for high-volume traders looking to capitalize on every price movement.
  • Platforms Available: Available on both MT4 and MT5 platforms.
  • Special Conditions: Access to professional trading conditions and higher transaction limits.

Islamic Account

  • Features: Offers a swap-free option in compliance with Sharia law, making it suitable for Muslim traders who require such conditions.
  • Platforms Available: Available on both MT4 and MT5 platforms.
  • No Interest: No interest on overnight positions to comply with Islamic finance principles.

Cent Account

  • Features: Allows trading with smaller amounts denominated in cents, making it a great choice for novice traders learning the ropes without significant risk.
  • Platform: Available only on the MT4 platform.
  • Lower Risk: Designed for new traders to experience real trading with lower risk.

ECN Account

  • Features: Provides direct access to other participants in forex markets. It is suitable for scalpers and traders who prefer high-speed trading.
  • Platform: Available only on the MT5 platform.
  • Low Spreads: Offers spreads starting from 0.0 pips, with a commission on trades.

Choosing the Right Account

When selecting an account, consider the following factors:

  • Trading Style and Experience: Choose an account type that matches your trading style. For example, if you are new to trading, the Cent Account may be the most suitable due to its lower risk profile.
  • Investment Size: Consider how much capital you are willing to invest. The Professional Account requires a higher minimum deposit but offers better conditions for high-volume trading.
  • Risk Tolerance: Different accounts offer different levels of risk. For instance, the ECN Account offers low spreads but higher volatility and trading speeds, suitable for more experienced traders.
Get an additional 24% bonus per year

Customer Support

The company prides itself on offering responsive and helpful customer support.

Support services are available via:

  • Live Chat: For immediate assistance.
  • Email: Detailed inquiries can be sent to the support team.
  • Phone: Direct line to customer service agents.

Support is available in multiple languages, catering to a global clientele.

Educational and Trading Resources

The broker invests heavily in trader education and offers an extensive range of resources:

  • Webinars and Seminars: Regular sessions covering various trading topics.
  • Trading Articles and Tutorials: Wide range of educational articles and tutorials.
  • Market Analysis: Daily and weekly market insights and analysis.

Client Experiences

TeleTrade has generally received positive feedback from its clients, particularly for its reliable trading platforms and comprehensive educational resources.

Clients appreciate the broker’s transparent trading conditions and the variety of tools available to them.

Performance and Execution

Tele Trade offers high-speed trade execution, which is a critical factor for both new and experienced traders.

This efficiency is supported by state-of-the-art technology and strong relationships with top liquidity providers.

This setup ensures minimal slippage and re-quotes, enhancing the trading experience by providing the best possible trading conditions.

Execution Speed

  • Rapid execution allows traders to trade without significant delays, which is essential for taking advantage of market opportunities as they arise.
  • No dealing desk (NDD) technology on certain account types ensures direct access to the interbank market, which can lead to better price rates and faster execution.

Reliability

  • Server reliability is top-notch, with backup systems in place to ensure continuous trading even during volatile market conditions or technical disruptions.
  • Up-to-date technology guarantees that the trading platforms are running smoothly and efficiently at all times.

Fees and Costs

The company strives to maintain transparency with its pricing structure, ensuring traders can manage their trading costs effectively.

Here’s an overview of the fee structure:

Spread and Commission

  • Forex trading starts with low spreads, and for commission-free accounts, the broker compensates through slightly wider spreads.
  • Commission-based accounts offer tighter spreads but include a fixed commission per trade, which is ideal for high-volume traders.

Non-Trading Fees

  • No deposit fees ensure that the full amount of your funds is available for trading.
  • Minimal withdrawal fees are another plus, although they might vary depending on the payment method.
  • Inactivity fee: An inactivity fee is applied to dormant accounts, which is something traders need to be aware of.

Deposit and Withdrawal Options

TeleTrade offers multiple methods for depositing and withdrawing funds, accommodating a broad range of preferences and needs.

The broker’s financial department processes transactions efficiently, ensuring quick access to funds.

Deposit Methods

  • Credit/Debit Cards: Visa, MasterCard, and other major cards are accepted.
  • Electronic Wallets: Options like PayPal, Skrill, and Neteller offer instant deposits.
  • Bank Wire Transfer: Best for larger transfers, though it may take several business days to process.

Withdrawal Methods

  • Fast withdrawal process: Most withdrawals are processed within 24 hours.
  • Multiple currencies: Accounts can be opened in countless major currencies, avoiding conversion fees for many traders.

Unique Features

TeleTrade offers various unique features that set it apart in the forex and CFD brokerage market.

Synchronous Trading

  • Copy Trading: Their synchronous trading allows less experienced traders to replicate the positions of more experienced traders directly in their accounts.
  • Transparency and control: Traders can review and choose which strategies or traders to follow based on detailed performance metrics.

Customizable Trading Environment

  • Personalization: Both MT4 and MT5 platforms offer customizable dashboards and alerts, allowing traders to tailor their trading environment to their specific strategies and preferences.

Market Research and Insights

TeleTrade provides its clients with comprehensive market research tools and insights, helping them make informed trading decisions.

Daily Market Analysis

  • Expert analysis: Daily insights into market trends, with detailed technical and fundamental analysis.
  • Economic calendar: Keeps traders informed about upcoming economic events that could affect their trading strategies.

Trading Signals

  • Actionable signals: TeleTrade offers trading signals that provide specific buy or sell suggestions based on technical indicators and market analysis.

Community and Support

Customer Support

Their customer service is noteworthy for its accessibility and efficiency.

Support is available via multiple channels, ensuring that traders can get assistance whenever needed.

Educational Resources

  1. Free educational resources: Includes online courses, webinars, and seminars that cater to both beginners and experienced traders.
  2. Personal coaching: One-on-one sessions are available, providing personalized guidance to help traders refine their strategies and strengthen their trading skills.

Conclusion

TeleTrade distinguishes itself as a broker through its commitment to providing a secure, well-supported, and technologically advanced trading environment.

With robust regulatory backing, diverse account options, and a wealth of educational resources, it offers a compelling choice for traders at all levels of experience.

Whether you are just starting out in the world of trading or you are an experienced trader searching for a reliable partner, TeleTrade provides a comprehensive suite of services and features that can help you achieve your trading goals.

Visit official website: www.teletrade.org

User Reviews

“I’ve been trading with them for over two years and the experience has been largely positive. The spreads are decent, and I love the fact that there are no hidden fees. The educational resources helped me a lot as a beginner. However, I wish they offered 24/7 customer support, as trading issues don’t stick to business hours.”
Michael Thompson
“As a professional trader, I find their platform reliable and user-friendly. Their customer service is quite responsive, and the withdrawal process is straightforward without any hassles. The only drawback is the absence of MT5, which I hope they will introduce soon.”
Samantha Brooks
“TeleTrade has been my go-to broker for forex trading. The leverage options are great, and they really ensure that you have all the tools you need. However, their inactivity fee was a bit of a surprise when I took a break from trading.”
Raj Patel
“I recently started trading with TeleTrade and was impressed by their educational content. It’s been very helpful for getting me up to speed. Their mobile app is also quite efficient, making it easy to trade on the go. Definitely recommend!”
Lisa Wong
“The platform’s user interface is clean and easy to navigate, and I appreciate the security measures it has in place. My major gripe would be the limited customer service hours, which can be frustrating during off-hours trading.”
James O'Neil

Video: Trading Strategies

Frequently Asked Questions

What types of accounts does TeleTrade offer?

It offers several types of accounts, including Standard, Professional, and Islamic accounts, to cater to the varied needs of our clients. Each account type has different features and benefits, such as variable leverage, spreads, and minimum deposit requirements.

Is TeleTrade regulated?

Yes, the company is regulated by several top-tier authorities including CySEC and the FCA. This ensures a high standard of accountability and safety for our clients' investments.

Can I trade cryptocurrencies?

Yes, the broker offers cryptocurrency trading as part of our wide range of trading assets. You can trade popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin among others.

What platforms can I use for trading?

TeleTrade provides support for the popular MetaTrader 4 (MT4) platform, known for its reliability and range of features. Additionally, we offer our own proprietary trading platforms that are designed to meet the needs of our clients.

How do I withdraw funds from my account?

You can withdraw funds from your account using the same methods as for deposits, including bank transfers, credit cards, and e-wallets like PayPal and Skrill. Withdrawals are processed within the same day or the next business day.

Are there any fees for trading?

TeleTrade does not charge any commission on trades. However, spreads and overnight fees may apply. We strive to keep our fees competitive and transparent.

Does TeleTrade offer educational resources?

Yes, they offer a comprehensive range of educational resources, including webinars, seminars, e-books, and articles to help our clients improve their trading skills and knowledge.

Resources

      Our experts

      This article has been written, edited and reviewed by the following members of our team:

      feng-zhou-foxtrade

      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

      sandro-pontedra-foxtrade

      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

      stephane-dubois-foxtrade

      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: May 2024