TeleTrade Review and Detailled Analysis 2021

TeleTrade Review and Detailled Analysis 2021

Home » TeleTrade Review and Detailled Analysis 2021

TeleTrade Overview:

    • Regulated: N/A
    • Head Country: Saint Kitts and Nevis
    • Min $250 Deposit
    • Operating Since: 2011
    • Type: Exchange
    • Spread: N/A
    • Commission: From 0.02%
    • Platforms: The Rock Trading Platform Desktop, Web, Mobile
    • Funding: Wire Transfer, Cryptocurrency
    • Spread: N/A

TeleTrade Review

TeleTrade is a multi-award-winning, regulated and transparent online trading broker offering over 200+ instruments including Forex, Cryptos and CFDs. They offer flexible account types, trading tools and educational materials.

In this detailed TeleTrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

TeleTrade Overview

TeleTrade is a multi-award-winning and regulated online trading broker offering clients across the globe access to trade over 200+ instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

TeleTrade is a retail broker that is part of the TeleTrade Group which was established in 1994. They have over 3,000 employees and take great pride in offering high levels of multi-lingual support to all clients.

TeleTrade incorporate ECN technology and have no dealing desk with a no requotes policy for fast trade execution at the best possible prices. They have a selection of flexible account types with variable spreads from just 0.2 pips, minimum deposit requirement of $100 and leverage of up to 1:500 available for eligible clients.

TeleTrade clients have access to trade on platforms that utilise the latest technologies on multiple devices. The copy trading programme “TeleTrade Invest” can be used by all levels of clients to copy trades of other traders.

TeleTrade have been recognised for their continued innovation and dedication to meeting client’s needs by winning over 37 international broker awards for their range of trading products and services including Best Forex Broker Europe 2017 by (Capital Finance International), Best CFD Broker Europe 2015 by Global Banking & Finance Review, Best Trading Education Provider 2014 by International Finance Magazine, Best Forex Broker in Europe 2014 by Global Financial Market Review, plus many more over the years.

TeleTrade has a best execution policy which shows great transparency by submitting an execution quality scorecard on a quarterly basis for all account types and valid orders placed through the MetaTrader platform. This information is available on the website and in the public domain for a minimum 2-year period. They also publish quality of execution of transactions, information on the top five execution venues and brokers and pillar III market discipline and disclosure reports.

TeleTrade also strives to provide clients with information on transactional costs. This can help clients to opt for the most suitable account type according to their needs and help plan their trading strategy. The cost transparency information on the website shows the average impact of transaction costs per notional $1,000 of trading volume for the most recent quarter. These trading costs have an affect on the net profitability of a client account and thus a client should take these costs into consideration before trading.

TeleTrade Regulation

TeleTrade-DJ International Consulting Ltd operates in the European market in accordance with the Markets in Financial Instruments Directive (MiFID). MiFID is an EU law which is put in place to harmonise the regulation for financial services across the member states of the European Economic Area.

They are 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. This allows them to offer investment and ancillary services in relation to financial instruments.

The company is regulated by the Investment Services and Activities and Regulated Markets Law 87(I)/2017. They diligently submit all of their financial reports to CySEC and continue to operate in accordance with the strictest of standards, including maintaining sufficient capital adequacy.

Client funds are secured in segregated accounts with leading international banks, separate from the company’s funds so that they cannot be used for any other purpose.

TeleTrade provide an advanced risk management system that monitors the clients balance in an attempt to prevent losses greater than the initial investment. Under European Securities and Markets Authority (ESMA) regulation they must apply negative balance protection on a per-account basis.

They are also a member of the Investor Compensation Fund (ICF), which provides eligible clients with potential compensation (depending on many factors) for any claims made due to the inability or failure of the member of the Fund to fulfil its financial obligations.

TeleTrade Countries

TeleTrade offers its trading services within EEA states (except Belgium) under the MiFID passporting regime, and subject to applicable legal restriction, to residents of Indonesia, Kenya, Mexico, People’s Republic of China, Russian Federation, Ukraine, and Vietnam. They do not provide services to residents of the USA.

Some TeleTrade broker features and products mentioned within this TeleTrade review may not be available to traders from specific countries due to legal restrictions.

TeleTrade Platforms

TeleTrade offer the popular and free to download MetaTrader 4 (MT4) & MetaTrader 5 (MT5) trading platforms. MetaTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

MetaTrader 4 (MT4)

MT4 remains one of the most widely used trading platforms today. It is well known for its user friendly and intuitive interface. Traders can access real time market quotes of multiple instruments and trade directly on charts.

MT4 supports multiple order types, has 9 timeframes to choose from with over 30+ technical indicators and graphical objects built in for conducting chart analysis. There is the MetaEditor which enables users to create their own custom indicators and expert advisors (EAs) in the MQL programming language. The strategy tester allows you to back test EAs over historical data whilst you can find additional EAs and indicators from within the MQL marketplace. You can also set MT4 to alert you on specific events via sounds, pop ups, SMS and email.

MetaTrader 5 (MT5)

Whilst maintain the main functionality and features of MT4, MT5 also has some extras built in including an economic calendar and depth of market. MT5 also offers more order types, more technical indicators and graphical objects, more timeframes, an embedded MQL5 community chat and a strategy tester that allows you to back test multi-currency EAs with multi-threads and real tick data. Whilst MT4 is likely to provide more than enough tools and functions for the average trader, MT5 could be deemed preferable to the more advanced trader.

MetaTrader WebTrader

The MetaTrader WebTrader offers most of the same features as MT4 (excluding the strategy tester) and runs directly in most popular web browsers without needing to download or install any additional software.

MetaTrader 4 MultiTerminal

The MT4 MultiTerminal is an online trading platform that is intended for simultaneous management of multiple trading accounts. This would usually be useful for traders who need to manage investors accounts and for those who operate with many accounts simultaneously.

MetaTrader Mobile

MetaTrader is also offered for trading on your mobile devices which can be useful for those who need to access their accounts whilst on the go from anywhere in the world with an internet connection. You can check real time price quotes, analyse charts, place/manage orders and set push notifications. MetaTrader mobile is available for download on both Android and iOS from the relevant app stores.

TeleTrade Trading Tools

TeleTrade have some trading tools to help with trade planning and market analysis.

Trading Calculators

They have a selection of trading calculators on their website to help with planning your trades. The calculators are supplied as auxiliary tools serving for informational purposes only.

Swap Calculator

Trades held overnight are charged a swap fee. This is the interest difference between the traded currencies and is determined depending on the direction of your positions, long or short. Swaps are charged every night and tripled on Wednesday to account for the weekend. With the swap calculator you enter your chosen currency, trade size, account currency and then click the calculate button to see how much the swap fee will be.

Pip Calculator

The pip calculator helps to calculate the value of positions on the currency that you wish to trade. This can help with planning for potential trades. Simply enter your chosen currency pair, trade size, account currency and then click the calculate button to see the value of each pip.

Margin Calculator

The margin calculator shows you how much margin is required to open a position. This can help with managing trades according to lot size and leverage. You simply select the currency pair, trade size, leverage, account currency and then click the calculate button to see the required margin.

Profit Calculator

The profit calculator can show you the potential profit or loss from a position. You can choose different opening and closing prices to see the difference in results. You simply select the currency pair, trade size, position direction, hold period, open/close prices, account currency and then click the calculate button to see the potential profit or loss of the trade.

Currency Calculator

The currency calculator shows you the conversion value between 2 different currencies. You simply select the base currency and currency you wish to convert to, then click calculate to see the conversion.

TeleTrade Analytics

The TeleTrade Analytics is available for download on both Android and iOS from the relevant app stores. It is a toolkit for traders and financial analyst. It includes market quotes, news and analysis from TeleTrade.

TeleTrade Analytics Features:

  • Real time quotes for all major currencies with the list of displayed symbols and renewal period configuration.
    • Economic calendar giving an overview of the events that will occur in the market soon. This can be useful for fundamental analysis. Users can set event notifications.
    • Interest rates – these can have a direct influence on currencies.
    • News – along with the key macroeconomic news and events you have the opportunity to stay up to date with the latest market situations.
    • Reviews of the events taking place in the different markets.
    • Analyst opinions – full information about the most important events of the day.
    • Technical analysis – daily analysis of different currency pairs
    • Overview videos – expert video reviews on the past and projected developments in the international forex market
    • Companies – information about companies, financial indicators and features of its shares.
    • Home screen widgets (2×1, 2×2).

TeleTrade Invest

The TeleTrade copy trade program allows traders to copy the trades of other traders. Clients can choose from a variety of different traders to follow or unfollow at any time. When a trader is followed, their trades are automatically copied into the account of the follower.

Traders who offer their traders as signals can receive a commission for successful trades. It should be noted that past performance is by no means a guarantee of future performance.

Economic Calendar

The economic calendar displays up and coming economic releases along with the time/date, country impacted, expected level of importance and previous/forecasted/actual results.

TeleTrade Education

TeleTrade have won awards for the various educational resources that they offer to clients.

Trading Courses

They offer face to face education in over 35 countries as well as remote learning from the comfort of your own chosen location. There is a basic trading course for beginners that covers the fundamentals of financial markets including technical analysis, trading psychology, money management and more.


TeleTrade’s analysts offer webinars to help increase your trading knowledge and to learn new strategies.

Trading Videos

The website has a few videos that cover subjects such as using the trading platforms, market analysis and managing your TeleTrade account.

Market Analysis

TeleTrade have a section on their website dedicated to market analysis. There are detailed news articles that are frequently updated and cover different markets with fundamental and technical analysis. Alongside the news you can find the opinions of expert analysts. This helps you keep up to date with the latest market happenings.

TeleTrade Instruments

TeleTrade offer trading in contract for differences (CFDs) on over 200+ instruments including 60 major, minor and exotic FX currency pairs, 18+ Cryptocurrencies, Indices (AUS200, EUR50, FRA40, GER30, J225, UK100, US30, US500, USTech100), Energies (crude oil & gas), Stocks (including Facebook, Google & Amazon), ETFs (GREK, PPA, XOP, etc) and Metals (gold, silver, platinum, palladium).

TeleTrade Accounts & Fees

TeleTrade provide a variety of flexible trading accounts to suit the needs of different traders. There is a standard account, no dealing desk account and sharp ECN account. Islamic swap-free accounts that comply with Sharia law are also available upon request. Demo accounts are available to test the different trading platforms and conditions before opening a real account.

Standard Account

The standard account gives access to trade standard lots with instant execution and no commission charged. Spreads on the standard account are variable and start from 1.1 pips, with a minimum deposit of $100 and leverage of up to 1:500 available.

No Dealing Desk (NDD) Account

The NDD account works through AMTS bridge technology and offers immediate access to the interbank market without the intervention of a dealing desk and no requotes. Spreads on the NDD account are variable starting from 0.8 pips, with a minimum deposit of $100 and leverage of up to 1:500 available. Commission starts from 0.1% on stock CFDS and 0.007% on other symbol types.

Sharp ECN Account

The Sharp ECN account uses AMTS bridge technology and offers live price streaming at the best available prices in the marketplace, with immediate trade confirmations. Spreads on the Sharp ECN account are variable and start from 0.8 pips, with a minimum deposit of $100 and leverage of up to 1:500 available. Commission starts from 0.008%. This account is required if you wish to use the MT5 trading platform.

As broker fees can vary and change, there may be additional fees that are not listed in this TeleTrade review. It is imperative to ensure that you check and understand all of the latest information before you open a TeleTrade broker account for online trading.

TeleTrade Support

TeleTrade have offices throughout Europe and offer multi-lingual customer support 24 hours a day, 5 days a week. Support is available via online chat, telephone and email. They are happy to assist with technical and general questions.

TeleTrade Deposit & Withdrawal

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TeleTrade offers a range of secure and reliable methods for depositing and withdrawing funds. This includes bank transfer, card payments and online payment processors including Skrill and Neteller. Please note that some methods may only be available to specific countries.

TeleTrade may charge you fees for withdrawal and your deposit may take up to 5 business days to complete. All transfers are processed during normal working hours (GMT). The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. TeleTrade strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your TeleTrade trading account.

Accounts can be opened in USD, EUR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

TeleTrade Account Opening

Opening an account at TeleTrade is a quick and simple process. You simply complete the short online application form and then verify your email address. Following on from that you will need to upload a form of identification such as a passport or driver’s license and proof of address such as a utility bill. This is a normal part of the KYC procedures and once your account has been confirmed you can make a deposit via a method of your choice and commence trading. There is also the option to submit your details to receive a call back from TeleTrade to discuss the process and different options available before opening an account.

TeleTrade Summary

TeleTrade is a well-established online broker that is under strict regulation and is very transparent in its operations through the information it makes readily available to the public domain on its website. They offer a variety of trading instruments across multiple asset classes. The account types are flexible and they offer the powerful MetaTrader platform, with additional trading tools and educational materials to assist traders.

fford to take the high risk of losing your money.

TeleTrade Review and Detailled Analysis 2021 Details

Min Deposit
Restricted Countries
Head Country
Broker Type
Price & Leverage
Trading Options & Tools
Comisions & Payment options
Customer Support
5.0 Overall Rating
TeleTrade Review and Detailled Analysis 2021
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