TeleTrade Review 2019

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TeleTrade Review

Founded in 2007, TeleTrade is an online forex and CFDs broker that is based in Cyprus. Their office is located at 88 Arch. Makarios Avenue, 2nd floor, 1077 Nicosia, Cyprus. The TeleTrade brand is actually a trademark of the TeleTrade Group which has its roots dating as far back as 1994. Today, the TeleTrade Group is the largest forex related service provider in Asia and Europe with more than 200 offices around the world in over 20 countries.   Supported by a workforce of more than 3000, TeleTrade provides world-class services to investors from all over the world. They offer a wide range of products ranging from forex and CFDs on stocks, indices, commodities, futures, and cryptocurrencies.

TeleTrade Regulations

Managed by a Cyprus Investment Firm (CIF) called TeleTrade-DJ International Consulting Ltd, TeleTrade is under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). It operates under the CIF license number 158/11. In addition to CySEC, TeleTrade is also registered with numerous financial regulatory bodies in Europe and the Middle East:

  • Austria Financial Markets Authority (FMA)
  • Bulgaria Financial Supervision Commission (FSC)
  • Comissão do Mercado de Valores Mobiliários (CMVM)
  • Commissione Nazionale per le Societa e la Borsa (CONSOB)
  • Czech National Bank
  • Germany’s Federal Financial Supervisory Authority
  • Hellenic Capital Market Commission (HCMC)
  • Hungarian Financial Supervisory Authority (HFSA)
  • Latvia’s Financial and Capital Market Commission (FCMC)
  • Polish Financial Supervision Authority (PFSA)
  • Romania’s National Securities Commission (CNVM)
  • Spanish National Securities Market Commission (CNMV)
  • The Securities Commission of the Republic of Lithuania
  • UK’s Financial Conduct Authority (FCA)
  • Fujairah Free Zone Authority (FFZA)


TeleTrade Reliability

As a regulated entity under CySEC, TeleTrade operates under strict regulatory guidelines. The broker is required to take steps to ensure the safety of its clients’ funds by keeping them in segregated accounts in Tier 1 banks. In addition, transactions on TeleTrade’s servers are kept secured by using SSL encryption technology.  Under CySEC’s regulatory requirements, TeleTrade is obligated to be a member of the Investors Compensation Fund. This means that your funds are protected up to a maximum amount of 20,000 euros in the event TeleTrade faces insolvency issues. In addition, clients at TeleTrade are backed by a dedicated team of support staff in major cities across Europe and Asia.


TeleTrade Trading Platforms

For trading access to the financial markets, TeleTrade has provided its clients with several versions of the MetaTrader 4 and MetaTrader 5 trading platforms. The MetaTrader 4 trading platform is the most popular trading platform in the online trading industry. It comes integrated with numerous trading tools such as a comprehensive charting package, built in MQL4 programming language, a wide array of technical indicators and support for automated trading through the use of Expert Advisors. It is highly customizable and supports multiple languages.  The MetaTrader 4 platform is available as a web-based platform or a desktop client. It is also available for traders who want to trade with a Mac computer. For money managers, TeleTrade has also provided them with the MetaTrader 4 Multi Terminal. This version of the MetaTrader 4 platform allows a money manager to control several accounts simultaneously.


For those who want an updated version of the MetaTrader based platform, TeleTrade has also made available the MetaTrader 5 platform. The platform is considered an upgraded platform but still possesses many of the powerful features that are found on the older MetaTrader 4 trading platform.

TeleTrade Mobile Trading

To cater for an increasingly mobile capable trading community, TeleTrader has provided them with the MT4 mobile trading apps which they can download and install onto their smartphones. These mobile apps are available free of charge from Google Playstore or Apple App Store.

TeleTrade Trade Types/Instruments

TeleTrade offers a wide range of instruments for their clients to trade with. They cover forex, commodities, precious metals, equities, indices and ETFs. In total, there are 176 different instruments that you can trade in at TeleTrade. These consist of 59 currency pairs, 85 different types of stocks, 6 types of metals, 9 types of market indices, 3 types of energy commodities, 5 kinds of cryptocurrencies, and 9 types of ETFs.

TeleTrade Account Types

In terms of trading accounts, you have a choice of 3 types of trading accounts. They consist of MT4 standard account, MT4 NDD and MT5 NDD.

MT4 Standard Account

  • $/€100 Minimum Deposit
  • Commission: No
  • Execution: Instant
  • Hedging: Yes
  • Leverage: 1:500
  • Requotes: Yes
  • Spread: Variable

MT4 NDD Account

  • $/€100 Minimum Deposit
  • Commission: Yes
  • Execution: Market
  • Hedging: Yes
  • Leverage: 1:500
  • Requotes: No
  • Spread: Variable

MT5 NDD Account

  • $/€100 Minimum Deposit
  • Commission: No
  • Execution: Market
  • Hedging: No
  • Leverage: 1:500
  • Requotes: No
  • Spread: Variable

TeleTrade Commissions & Spreads

Depending on the type of trading account, TeleTrade charges a mix of commissions and spreads on the trades that its clients perform on its trading platforms. The spreads are variable and competitive. The following table below shows some of the typical spreads which TeleTrade’s clients expect to see when trading forex on the MT4 trading platform.


Spreads (in pips)

AUD/USD 0.00016
EUR/CHF 0.00020
EUR/GBP 0.00017
EUR/JPY 0.021
EUR/USD 0.00015
GBP/JPY 0.028
GBP/USD 0.00016
USD/CHF 0.00016
USD/CAD 0.00020
USD/JPY 0.017

TeleTrade Deposits & Withdrawals Options

TeleTrade supports a variety of payment methods. For the funding of your trading account, you can do so through bank wire transfer, VISA, MasterCard, UnionPay, RBKmoney, PayOnline, Skrill, Neteller, Qiwi, Yandex.Money and WebMoney.

For withdrawals, the same methods can also be used. Withdrawals by Neteller is instant whereas it takes 1 to 7 business days for the withdrawal process to be completed with other methods.

TeleTrade Bonus & Promotions

TeleTrade does not offer its traders any kind of bonuses. Instead, the broker offers a “Savings Reward Program” where they can save up to 1% of their monthly trading account balance. In terms of promotional offers, TeleTrade doesn’t specify the type of promotions that they offer. This is due to the fact it depends on the region as well as the festive season a particular region might be celebrating. Traders are advised to contact the local office to find out what may be on offer by TeleTrade.


TeleTrade Customer Support

The customer support service at TeleTrade is impressive. Traders are serviced according to the region that they are trading from. For example, a trader from Europe will be serviced by TeleTrade Europe. On the other hand, if a trader is from Asia, he will be serviced by a customer representative from TeleTrade Asia. The support service is available through email or the telephone.


  • Localized Customer Support
  • Low minimum deposit requirement
  • Low spreads
  • Regulated Broker
  • Wide range of instruments


  • No Live Chat support
  • Trading platforms limited to MetaTrader platforms

TeleTrade Q&A

  • Is TeleTrade regulated?

Yes, TeleTrade is a regulated broker under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). The broker is also registered with numerous regulatory bodies around the world.

  • Where is TeleTrade based?

TeleTrade is based in Cyprus. Their head office is located at 2122, Limassol avenue 71, Nicosia, Cyprus.

  • How does TeleTrade make money?

TeleTrade makes its money by charging its clients a small spread and commission on the trades that they make.

  • How to deposit in TeleTrade account?

You can deposit funds into your trading account at TeleTrade through bank wire transfer, credit cards and a selection of eWallets.

  • How to withdraw money from TeleTrade?

Withdrawals at TeleTrade can be initiated through bank wire transfer, credit cards or eWallets.

  • How to open an account with TeleTrade?

To open an account at TeleTrade, you need to fill up the registration form and submit all the required documents for verification.

  • Is TeleTrade reliable?

Yes, TeleTrade is a reliable broker. It is regulated and operates within strict regulatory guidelines.

  • Does TeleTrade use MetaTrader?

Yes. TeleTrade uses the MetaTrader 4 and MetaTrader 5 trading platforms.

  • What is TeleTrade’s leverage?

The leverage offered by TeleTrade is 1:500.

  • Is TeleTrade a scam?

No, TeleTrade is not a scam. The broker is part of the TeleTrade group and is considered one of the largest forex related services provider in Asia and Europe.

  • How safe is TeleTrade?

TeleTrade abides by all regulatory requirements and protects its servers with the latest encryption technology.


TeleTrade is truly an international broker with a wide global reach. They offer a good range of products and services and the spreads they charge are pretty competitive. We like the fact that they only require you to deposit a minimum of $100 when you open a live account with them. This makes them very accessible to all levels of traders. Their customer support service is equally impressive with traders being supported by local offices.  Apart from the fact the live chat is missing, we highly recommend TeleTrade if you a looking for a broker that can cater to your trading needs on a local level.


Company Information

Broker DetailsInfo
Regulated byCySEC
Headquarters CountryCyprus
Foundation Year2011
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, Moneybookers, Neteller, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Moneybookers, Neteller, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$1
Max. Leverage1:500
Mini AccountYes
Demo AccountYes
Premium AccountYes

TeleTrade Trading Features

Suitable For

Trader LevelYes/No
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingNo

Customer Service

24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Chinese, English, Italian, Portuguese, Russian

Trading Services

Supported Trading PlatformsMT4, MT5
Commission On TradesYes
Educational ServiceYes
Email AlertsYes
Guaranteed Fills/LiquidityYes
Trailing SP/TPYes
Automated TradingYes

Supported Instruments

Instrument TypeYes/No

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