TeleTrade is a multi-award-winning and regulated online broker that provides clients across the globe with access to trade over 200 instruments in multiple markets, including forex, commodities, cryptocurrency, stocks, indices, metals, energies, ETFs, and CFDs. The broker offers clients with the powerful MetaTrader trading platforms and a selection of flexible account types with variable spreads from just 0.1 pips. TeleTrade has been recognized for their continued innovation and dedication to meeting clients’ needs by winning over 37 international broker awards including Best Forex Broker Europe 2017 by CFI.co.
TeleTrade Review Introduction
In this TeleTrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including TeleTrade.
TeleTrade Platforms & Tools
The broker provides traders with the popular MetaTrader 4 and MetaTrader 5 trading platforms. The MT4 is widely known for its user-friendly and intuitive interface. It supports multiple order types and has 9 timeframes, over 30 technical indicators, and graphical tools for conducting chart analysis.
The MetaTrader 5 has some extra built-in features, including an economic calendar and Depth of Market, in addition to the main functionality and features of the MT4. Both MT4 and MT5 are available as desktop applications for Windows and Mac computers, web trading terminals, and mobile trading apps for Android and iOS devices. There is also the MetaTrader 4 Multiterminal, which is an online trading platform that is used for simultaneously managing multiple trading accounts.
The broker also provides clients with additional trading tools, including Trading Calculators, Swap Calculator, Pip Calculator, Margin Calculator, Profit Calculator, Currency Calculator, TeleTrade Analytics, TeleTrade Invest, and Economic Calendar.
TeleTrade Research & Education
The broker has won awards for the various educational resources that it offers to clients. The educational materials include Trading courses, webinars, trading videos, market analysis, and more.
TeleTrade Trading Accounts
TeleTrade provides a variety of flexible trading accounts to suit the needs of different traders. The various account types include:
- Standard Account: The spreads start from 1.1 pips, and the required minimum deposit is $100. Leverage of up to 1:500 (1:30 for EU residents) is available.
- No Dealing Desk (NDD): This account type offers immediate access to the interbank market without the intervention of a dealing desk and no requotes. The spreads are variable, starting from 0.8 pips, and the minimum required deposit is $100. The leverage is up to 1:500(1:30 for EU residents).
- Sharp ECN Account: This account is required by clients who wish to use the MT5 platform. It has variable spreads starting from 0.8 pips, a minimum deposit of $100, and leverage of up to 1:500 (1:30 for EU residents).
TeleTrade Account Funding
TeleTrade offers a range of secure and reliable methods for depositing and withdrawing funds. They include bank transfers, card payment, and online payment processors, such as Neteller and Skrill. The transaction limits, fees, and processing time may vary with the payment method used.
TeleTrade Customer Service
The broker offers a multilingual customer support team who are on hand 24/5 to assist with clients’ general and technical questions. They can be reached via email, telephone, and online chat.
TeleTrade is a brokerage brand operated by TeleTrade-DJ International Consulting Limited, which is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11. The broker operates in the European markets in accordance with the Markets in Financial Instruments Directive (MiFID).
TeleTrade Review Summary
TeleTrade is a well-established online broker that offers flexible account types and a wide variety of trading instruments across multiple asset classes. The broker provides clients with the powerful MetaTrader platforms, some useful trading tools, and a good selection of educational materials.
It is worth mentioning that some of the trading products and services in this TeleTrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the TeleTrade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.