TeleTrade group includes 2 related companies.
TeleTrade CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
TeleTrade SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, SVG company accepts European traders, so one can open a trading account there.
TeleTrade group accepts clients from all over the world, excluding USA, Canada, Sudan, Yemen, Myanmar, Iraq, Syria.
Forex broker offers the following underlying assets for trading.
|70+ Currency Pairs||Based on major and minor world currencies.|
|16 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Dash, Litecoin, Golem, Iota, Tron, Stellar, Monero, Zcash, OmiseGO, EOS, NEO.|
|9 Indice CFDs||Based on baskets of different blue-chip stocks.|
|12 Metal Spot CFDs||Based on Gold, Silver, Platinum and Palladium.|
|3 Energy Futures||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|110+ Stock CFDs||Based on shares of US and Germany companies.|
|10+ ETF CFDs||Based on exchange-traded funds containing various tradable assets.|
TeleTrade is a forex & CFD broker based out of Cyprus in Europe and the offshore jurisdiction Saint Vincent and the Grenadines in the Caribbean. From here, the broker serves traders all over the world, with the usual exception of residents of the US, Canada, and a few other countries.
As usual, EU-based traders will by default be signed up with the Cyprus-based branch of the broker, while traders from elsewhere will be assigned to the offshore-based branch located in Saint Vincent and the Grenadines. However, it is known that TeleTrade also allows EU-based traders to trade under the offshore-based broker if requested. As a result, an interesting opportunity exists for European traders to take advantage of the much higher leverage available outside of Europe if they wish to do so.
Take note, however, that only the Cyprus-based entity is regulated by a government agency, namely the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA). Although trading with an unregulated broker may come with certain benefits such as higher trading leverage, there are also risks associated with it. As a result, many traders understandably prefer to rely on regulated entities only.
In terms of trading instruments, TeleTrade offers everything from stocks to exchange traded funds (ETFs), stock indices, forex, commodities, and cryptocurrencies, all in the form of contracts-for-difference (CFDs).
The selection is particularly good for cryptocurrency CFDs, with more than 18 different cryptoassets traded against the USD to choose from. And with the leverage that comes with CFD trading, making significant profits (and losses!) is possible even with just a small trading account.
All of the instruments offered by TeleTrade can be traded on either the MetaTrader 4 or 5 (MT4/MT5), or on the web-based version of the same trading platform. Although both of these platforms are rather old by now, the clear benefit of offering them is that so many traders are already familiar with them. As such, getting traders to make the switch from another broker to TeleTrade becomes much easier. In addition, lots of independent traders also love the MetaTrader platforms for their ability to program and use “Expert Advisors,” or automated trading algorithms.
As many other forex brokers, TeleTrade offers three different account types their new clients can choose between:
– Standard MT4 Account: Suitable for most beginners, with commission-free trading but wider spreads
– No-Dealing Desk (NDD) MT4 Account: Good for more experienced traders, with tighter spreads and commissions
– ECN MT5 Account: Best account for experienced traders, with tight spreads and low commissions
All of the trading accounts mentioned above can be funded through all the usual methods such as bank transfer, credit cards, and all of the most common e-wallets like Skrill, Neteller, FasaPay, WebMoney, and others. Take note, however, that the minimum deposit required to start trading with TeleTrade is 100 USD/EUR.
TeleTrade’s customer service is available via a so-called “Online Assistant” chat function in English, Russian, or Spanish, as well as via phone and email. We are also pleased to see that customer support is available 24 hours a day on all trading days.
Finally, TeleTrade stands out as a broker that has fully embraced the cryptocurrency revolution by offering a fairly wide range of these digital assets for trading with high leverage. However, the broker has also managed to combine this with the best from traditional finance, offering forex, stocks, and other assets for trading on the classic MetaTrader 4 & 5 platforms. For traders who enjoy the benefits that these platforms provide, TeleTrade may therefore be a good choice.
The reason why I started trading with this broker was very banal. I think 80% of traders that choose TeleTrade do so because of the brokerage brand name. This company is really very popular in Europe and the broker is well known in the trading industry, that's true. That's so called goodwill and company is using it to atract the clients.
I like to read the trading forums and communicate with real traders, almost everybody knows about TeleTrade, many people trade with this broker themselves or have friends that are trading there.
So yes, I also decided to try TeleTrade for that reason. Still, marketing is the strongest thing, I expected something extraordinarily but in fact, it turned out to be a regular broker, I would even say typical. I don't mean it's bad, just my expectations were a bit higher.
Copy-trading offered by that brokerage is one of the best oppotunities, as I think. I'm 40 years old and that's a challenge to learn trading, so I'm learning but my money are already in copy-trading, so I get profit even despite I can't trade on my own.
My attention to this company was attracted by synchronized trading. I collected information for a long time, looked closely with traders, and in the end I decided. And (thank God) that I did it. It works! This is the best news in recent months, especially since my independent work is not at all positive.
Every person in the market wants to find the conditions that will allow them to act more freely. This is true. And it's not always possible to get it. I think I was really lucky because I found myself in a company with a good reputation and thoughtful services. This is where I learned how to work with variable spreads, learned MT5 with its many features, etc. And also here I tried training at group lessons and even worked with the help of synchronous trading. And I saw that it is possible to earn even using the passive format.
Sync-trading in TeleTrade is the best way for me to earn money but still to have a lot of free time. I'm investing my money and choose not high-risky strategy to trade with low-risks. I've tried many different copy-trading platform but TeleTrade was the best one.
The trader will adapt to the conditions that the market dictates to him. This is a fact, because you just have no way out - either you submit to the proposed circumstances, or you just leave this business, because it does not suit you. And if you understand that as soon as possible, the probability of your success will be much higher, because you will be ready for certain difficulties and troubles.
And you also need to learn how to use the opportunities that the market or your brokerage company gives you. For example, synchronous trading is allowed here. This means a passive format, in which orders for selected strategies are copied on your account. But traders forget that they also need to choose the right strategies, commensurate with the size of active capital. And also do not forget to set a stop-loss, etc.
After all, if you do not know the "rules of the game" - it means that you are working absolutely blindly. So make sure you pay attention.
Just a good broker, nothing special, no flaws. I like that TeleTrade has CySEC regulation and extensive experience in brokerage services. I started trading with $150, but now my deposit has increased to $13000 (I made a re-deposit, of course). In general, it is one of the best brokers in the market. It is important (for me) that this broker accepts traders with small deposits, the minimum deposit is only $100.
Trading at teletrade can be successful if you have a good understanding of the services offered here. I know that many traders do not try to study the functionality of the terminal and other details that are included in the service of a brokerage company as accurately as possible. But this is important because it can give you new opportunities for money management and direct trading.
If I talk about my path in trading, the conversation will be long and difficult, because there were different moments in my career, and it worked out, and not very well, and there was even a moment when I wanted to stop trading at all, because nothing worked out.
But after a while I got back to work because I realized that I absolutely missed it. And now I want to share the tools and services that I started using here and realized that it can be useful:
1. Free basic courses. Even if it's not the first year you've been trading, I'd still recommend to see it, because there's always something here that you missed out on.
2. There's no limit on the amount of refill. I don't encourage you to work with minimum amounts, but if you just need to add some to your account, that's convenient.
3. Try both terminals, they seem to be similar, but still have different functionality - so it's worth seeing what works best for you.
Various trading formats are available here, both passive and active. Of course I prefer the latter option, because I believe that my money should be kept under control.
If you want a reliable broker that provides quality services, then TeleTrade is your choice. I also had my doubts at first, but when I just opened an account, all my doubts were gone. Try it and you see it.
I believe that trading is one of the most complex business areas, which has too many features and nuances to be constantly studied and controlled.
Articles and webinars from this company constantly remind about the importance of a trader's psychological readiness for the market. And now I really understand how important it is. And I can advise every trader the same. Do not despair at difficulties and do not lose motivation under any circumstances.
I know many traders who use the same broker and I know we all might have differnt opinions. One of the guys that I personally know is upset that there are no instant executions here. However, I believe that in a long run he will change the opinion. Especiallly if he tries the instant executions account for real lol.
Anyway, the broker offers quality service and rather good trading conditions, so I don't think I'd want to change the brokerage in the nearest future. The only notice that I have here is that the leverage is limited and you have to qualify as professional to get 1:500. Otherwise the number will be significantly less than that.
I came to TeleTrade with the simple goal - learn trading. Firstly, I was learning with free TeleTrade lessons, they turned to be good, but not enough if you want achieve fast results in trading. Individual learning is the next step if you want learn how to trade properly. It's for pay course, but I think the spent money worth it, as my teacher was really nice and explained me everything in the simple words. I like that I can master me learning shedule and adjust it as I want. Also, I decided not to stay without profit when learning, so I registered sync-trading account and now I passively earn money.
About Teletrade I can say that everyone here has organized correctly and every year the company becomes more and more promising and interesting for cooperation. Generally speaking, there are standard conditions, which are fulfilled in full - from a normally functioning platform to a quick money withdrawal, etc. Among the interesting services I can mention synchronized trading, which will allow beginners to get acquainted with the market more quickly, but do not get carried away, the market needs to study itself...
I don't think it's worth saying much, the main thing is that you should know about this broker, that they don't prevent you from withdrawing funds, don't open orders for you, and don't change the price direction sharply if you earn too much. Everything is transparent and clear.