TeleTrade Forex Trade Platform and Broker Review

TeleTrade Forex Trade Platform and Broker Review

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Teletrade Broker Review

TeleTrade is an EU-regulated broker that has won numerous awards over its operational history. TeleTrade offers high-level services, advanced technology, fast execution platforms, and excellent customer support.

TeleTrade was established in 1994 and is headquartered in Cyprus, with main offices in Hong Kong. TeleTrade has 384 employees. 

Is TeleTrade Regulated?

Yes, TeleTrade is regulated by the Cypress Securities and Exchange Commission (CySEC). This regulation means that the broker operates under the auspices of the Markets in Financial Instruments Directive (MiFID) throughout the European Union. 

According to the official website, TeleTrade is under regulation to offer licensed financial and ancillary services, as well as financial instruments. 

TeleTrade’s regulations guarantee extensive client protection measures, which include segregated client accounts, negative balance protection, and participation in an Investor Compensation Fund.  

Is TeleTrade Regulated in the United States?

No, TeleTrade is not regulated in Virginia or any other US state. 

Is TeleTrade Regulated in Europe?

Yes. TeleTrade has been regulated in Europe since 2011 by the Cypress Securities and Exchange Commission (CySEC). In Europe, TeleTrade offers cross-border investment services as a regulated Forex broker Europe. 

Is TeleTrade regulated in a Tier-1 Jurisdiction?

According to the TeleTrade website, TeleTrade is regulated under Tier-1 jurisdiction. 

Licensing provided by Tier-1 Jurisdictional regulation means that the broker can operate in at least one of the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is TeleTrade regulated in Tier-2 Jurisdiction?

According to the official TeleTrade sources, TeleTrade is regulated under Tier-2 jurisdiction. 

This jurisdictional regulation means that the broker can operate in specific countries, namely the British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in TeleTrade?

TeleTrade offers traders the industry-leading full MetaTrader suite from MetaQuotes, consisting of MetaTrader 4 and MetaTrader 5. Added to this, traders also have the option of using WebTrader.  

  1. MetaTrader 4 from TeleTrade has become the industry standard with advanced and user-friendly features, which are listed below. 
  • 4 Pending Order Types
  • Depth of Market is not visible
  • 30 Technical Indicators
  • 31 Graphical Objects
  • 9 Timeframes
  • Economic Calendar is absent
  • No Embedded chat
  • Hedging available
  • Single thread Strategy Tester
  1. MetaTrader 5 from TeleTrade is the updated version of MetaTrader 4 with more comprehensive feature offerings and capabilities. These are listed below. 
  • 6 Pending Order Types
  • Depth of Market is Visible
  • 38 Technical Indicators
  • 44 Graphical Objects
  • 21 Timeframes
  • Economic Calendar is available
  • Embedded 
  • Hedging available
  • Strategy Tester is Multi-threaded and Multi-currency with Real ticks
  1. WebTrader from TeleTrade allows for the use of the above platforms without the need to download, as it creates an online interface that can be accessed anywhere. WebTrader has several features and differences which are listed below. 
  • 4/6 Pending Order Types
  • Depth of Market is not Visible
  • 30 Technical Indicators
  • 31 Graphical Objects
  • 9 Timeframes
  • Economic Calendar is absent
  • Embedded chat
  • Hedging available
  • Strategy Tester Is Absent

Does TeleTrade Have a News Blog for Forex News?

Yes. TeleTrade has a free news blog available on its official website. The blog can be accessed on the Market News section of the broker’s website. It consists of regularly updated market focus pieces from around the globe. 

Does TeleTrade Have a Traders Dashboard?

No, TeleTrade does not have a Traders Dashboard for Forex Traders. A Traders Dashboard is sometimes offered by some brokers as an additional research tool, creating a centralized area for various data streams pertaining to market and currency price analysis. 

Does TeleTrade Have an Educational Section?

Yes, TeleTrade has an education system for Forex Traders. To join the education system, users can simply navigate to the dedicated Education section on the broker’s website in order to access free educational resources.  

What is the content of TeleTrade Forex Education?

The Education Section consists of two categories, which are Webinars and Videos for Beginners. 

The Webinars category will involve a sign-up process in order to access the content, which is delivered by the TeleTrade team on various topics. 

The Videos for Beginners section covers 16 lectures on various technical aspects of trading with the broker. These are listed below. 

  1. Become a Master Trader
  2. Get Connected to a Master Trader
  3. MetaTrader Installation
  4. Open and close a trade in MetaTrader
  5. Placing stop loss and taking profit in MetaTrader
  6. Demo account in MetaTrader
  7. Change your client login password
  8. Restore your client login password
  9. MetaTrader 4 Platform’s operational principles
  10. How to install Expert Advisor in MetaTrader
  11. Basics of Technical Analysis
  12. Transfer between own accounts
  13. Deposit and withdrawal
  14. How to upload documents in the client login

Beginner traders should make use of the Webinars from TeleTrade, which will provide comprehensive and accessible lectures on the most important aspects of Forex trading. All traders which are new to MetaTrader should make use of the technical videos listed above. 

Is TeleTrade Legit?

Yes, TeleTrade is a legit Forex Broker and Trade Platform. TeleTrade has a CySEC legal certificate to perform Forex Broker and trading services.

Is TeleTrade Safe?

TeleTrade is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in the European Economic Area by the Cypress Securities and Exchange Commission (CySEC). 

In terms of its safety protocols, TeleTrade provides segregated client accounts, negative balance protection, and participates in an Investor Compensation Fund.  

Is TeleTrade a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, TeleTrade is a good broker. 

  1. In terms of trading speed, the MetaTrader suite provides high-speed execution of transactions with minimized slippage.
  2. In terms of security, TeleTrade adheres to the client protection measures prescribed by the Cypress Securities and Exchange Commission (CySEC), while also adhering to regulation in terms of customer data security and privacy.  
  3. In terms of online support, TeleTrade provides live online support by which clients can have their queries resolved by a support team member in real-time.  
  4. In terms of cryptocurrencies, clients can trade CFDs on several leading crypto coins, consisting of ADA, BCH, BSV, BTC, BTG, DSH, EOS, ETC, ETH, IOT, LTC, NEO, OMG, TRX, XLM, XMR, XRP, ZEC, and ZRX.

What is the Offering of Investment in TeleTrade?

Offerings of TeleTrade can be found below.

Feature TeleTrade
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does TeleTrade have Nasdaq?

Yes, TeleTrade offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. The Nasdaq tracks the stocks of leading global companies which can be traded by investors from around the world.  

What are the Awards of TeleTrade?

Forex Trading Platform TeleTrade’s awards are listed below.

  • TeleTrade was awarded “Best Forex Broker Europe 2017” by (Capital Finance International).
  • TeleTrade won the category ‘Best Affiliate Program Europe 2015’ by International Finance Magazine Awards 2015.
  • TeleTrade is proud to be awarded ‘Best CFD Broker Europe 2015’ from Global Banking & Finance Review.

How to Use TeleTrade for Forex trading?

To use TeleTrade, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older
  3. They should not be a resident of the United States. TeleTrade does not offer services in the USA
  4. They should be able to afford the minimum deposit of $100

If a Forex Trader has the conditions above, they can open a forex trading account to use TeleTrade. 

How to open a Forex trading account with TeleTrade?

To open a Forex Trading account with TeleTrade, a trader should follow the steps below.

  1. To open an account, you need to complete the registration procedure in your Client Login or submit an application on the TeleTrade website. A consultant will contact you and explain how to open a trading account and also answer your questions.
  2. During the first stage, you will be offered to complete a registration form where you need to enter your full name and contact information and select the nearest office. Be sure to provide the broker with the correct information.
  3. Next, you will be redirected to your Client Login. The system automatically generates a password for you which will be shown on the start-up page in your Client Login and sent to your mobile phone and email.
  4. At this stage, you will be offered to open an account in the Forex market, which means that the registration of your Client Login is completed.
  5. Now you have completed your registration in your Client Login. To start trading in the Forex market, you are required to open an account and deposit it with funds allocated to execute trading transactions in the Forex market.

What are the Forex Trader Account Types with TeleTrade?

Forex Trading Platform and Financial Asset Management Institution TeleTrade have 5 different account types. Every Forex trading account type has different features and conditions with TeleTrade. 

TeleTrade Account Types are listed below. 

  1. Demo Account

  2. Standard MT4 Account

  3. NDD Account

  4. Sharp ECN Account

  5. Islamic Account

  • Demo Account

A demo account version is available for all three of the live accounts from TeleTrade. Using the demo, traders can test the broker’s features within the MetaTrader platform before deciding to open a real account. 

  • Standard MT4 Account

The Standard Forex Account from TeleTrade provides full access to standard lots on the widest range of forex instruments available on the broker’s MT4 platform. 

Modern Standard Forex accounts charge no commission and make use of Market Execution, affording no re-quotes or further prompts during order confirmation. The Standard Forex Account is the best option for all retail forex traders.

  • UP TO 1:500 LEVERAGE
  • MARGIN 70%/50%
  • MIN. DEPOSIT $/€100


  • NDD Account

The No Dealing Desk Account from TeleTrade offers immediate access to the interbank market without the intervention of a dealing desk. 

With NDD trading investors have access to instantly executed trades, which means that there are no re-quotes on orders and no further delays during order confirmation.

  • UP TO 1:500 LEVERAGE
  • MARGIN 70%/50%
  • MIN. DEPOSIT $/€100
  • Sharp ECN Account

The Sharp ECN account from TeleTrade gives traders access to the widest range of financial instruments on the TeleTrade MT4 platform. 

The Sharp ECN accounts charge commissions but provide tighter spreads and rely on Market Execution, which means no re-quotes or further prompts during order confirmation.

Electronic Communication Network (ECN) is a network where trading of financial products can be done outside traditional stock exchanges. 

It is designed to match buy and sell orders present in the exchange and it can be described as a bridge linking smaller market participants with its liquidity providers through an ECN Broker.

  • UP TO 1:500 LEVERAGE
  • MARGIN 70%/50%
  • MIN. DEPOSIT $/€100


  • Islamic Account

An Islamic Account is offered by TeleTrade to Muslim clients, for whom trading on interest is strictly prohibited by Sharia law. Therefore, the Islamic Account will be free of swap charges, which is interest accrued on positions held open overnight.

How to Withdraw Money from TeleTrade?

To withdraw money from TeleTrade, the following should be done:

  • Any withdrawal of funds, from your TeleTrade account to a bank account, can only be refunded to the same bank account that the funds were originally received from or another bank account in which is also in your name.
  • Upon submitting a withdrawal request you may be required to submit further documentation as may be required from time to time by Anti Money Laundering (AML) regulations, Credit/ Debit Card companies, Electronic Payment providers, and TeleTrade.
  • TeleTrade cannot accommodate withdrawal requests for floating trading profits. A trading position will need to be closed before any profits attributed to it may be withdrawn.
  • Clients shall request, under all circumstances, to withdraw funds from their trading accounts in the currency in which the deposit was originally made. 
    • Should the deposit currency differ from the transfer currency, the transfer amount will be converted by TeleTrade into the transfer currency.

How many days do deposits take with TeleTrade?

Your deposit may take up to 5 business days in the unlikely case that TeleTrade is unable to verify your information or your funds have not yet been received to the TeleTrade account. 

Barring this, deposits are processed on the same day when made with e-payment processors and up to two days when made via bank transfer. 

What are the costs and fees with TeleTrade?

TeleTrade charges spreads, commissions, and swap fees. Spreads are charged on all accounts, while commissions will vary depending on the account type. Swaps are charged on positions held overnight. 

A Forex Trading Fee is one that is charged by the broker in return for offering its services. Accrued to the client, it is essentially how a broker will make its profit. 

The Forex Trading Fees with TeleTrade are below. 


  • Commission-free trading is available with the Standard MT4 account
  • TeleTrade charges a 0.007% and 0.008% commission with the NDD and ECN accounts respectively.


  • Spreads are competitive. TeleTrade provides tight ECN spreads with the MT5 account, starting from 0.2 pips for EUR/USD. That said, with the Standard MT4 account, spreads are around 1.6 pips for the same pair.


  • Swap is the fee charged for holding a position open overnight. It refers to the interest rate difference between the two traded currencies and is determined according to whether your position is long or short. Swaps are calculated and applied on every trading night. On Wednesday night swaps are charged at a triple rate to account for the weekend.
  • Swaps will vary depending on the currency pair, account type, and account currency.  

What are the Trading Fees with TeleTrade?

Apart from charging spreads, fees, and commissions, TeleTrade also charges an inactivity fee of EUR50 for accounts that have been dormant for more than three months, as well as deposit and withdrawal fees, which are listed below. 


  • Neteller – 3.9% + $0.29 transaction fee (min $1)
  • Wire transfer – according to bank fees
  • Fasapay – 0.5% (max $5)
  • Visa/Mastercard – 3.5%
  • Skrill – 2.9%


  • Non-SEPA wire transfer – 0.1% (min $55 – max $200) + intermediary bank fees
  • SEPA EUR wire transfer – €1 + bank commission
  • Visa/Mastercard – 2.35% + €1/$1.30
  • Fasapay – 0.5%
  • Neteller – 2%
  • Skrill – 1%


What is the minimum deposit in TeleTrade?

TeleTrade has the same minimum deposit requirement for all account types of $100. 

What are the contract specifications in TeleTrade?

Feature TeleTrade
Forex Trading Yes
CFDs 60+
Forex Pairs 60+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 19
Social Trading  Yes

Does TeleTrade have promotional offers?

No, TeleTrade does not provide promotional offers or bonuses to its new or existing clients. The broker is restricted from offering promotions by its regulator, the Cypress Securities and Exchange Commission (CySEC), as part of protection measures against overtrading. 

Does TeleTrade have a welcome bonus?

No, TeleTrade does not offer a welcome bonus. 

However, TeleTrade is one of the few No Dealing Desk (NDD) brokers in the industry. No Dealing Desk (NDD) brokers do not have a Dealing Desk through which client orders are passed, so that they do not take the other side of their clients' trade, resulting in more competitive pricing. 

Does TeleTrade have a deposit bonus?

No, TeleTrade does not offer a deposit bonus, which is in line with regulations placed by CySEC on the offering of promotions.  

Is there a commission-free trade bonus in TeleTrade?

No, TeleTrade does not offer a commission-free trade bonus. The broker does however offer commission-free trading accounts to its clients

Is there a VIP bonus in TeleTrade?

No, TeleTrade does not offer a VIP bonus. The broker does not offer a VIP account for high net-worth individuals.

Can you start trading with no money at TeleTrade?

No, you cannot start trading with no money at TeleTrade. This is because TeleTrade does not offer a any deposit bonus, therefore traders will need to deposit their own funds when opening a Trader Account.

How does leverage work with TeleTrade?

Leverage consists of borrowed funds that a trader takes from the broker in order to increase their positions, and is linked to margin. Leverage is expressed in a ratio, and differing ratios are offered depending on the broker and its regulation. 

Traders can use leverage with TeleTrade by logging into their account settings and selecting their preferred leverage ratio. 

Where are the headquarters of TeleTrade?

TeleTrade is headquartered in Cypress. TeleTrade also has main offices in Hong Kong. 

Who is TeleTrade’s CEO?

The CEO of TeleTrade is Gary Lasater. He was educated at Brigham Young University.  

What are the social media accounts of TeleTrade?

Traders can follow TeleTrade on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn

How many employees do work for TeleTrade?

According to, TeleTrade has over 384 employees.

What are the opinions about TeleTrade?

TeleTrade is a very well-regulated European Forex broker that offers a competitive trading environment. 

Traders have access to a wide selection of assets and instruments, with tailored account solutions, for trading in CFDs on over 60 currency pairs, Indices, Energies, Stocks, ETFs, Metals, and 19 Cryptocurrencies.

TeleTrade provides advanced, feature-rich trading technology with ECN pricing and access to commission-free trading. 

What are TeleTrade Contests?

TeleTrade does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

TeleTrade didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, TeleTrade didn't perform any official announcements yet.

Does TeleTrade have online support?

Yes, TeleTrade has an online support team for Forex trade account users. Traders simply need to click the ‘chat’ button at the top of the broker’s website to reach a client support team member for immediate assistance.  

Does TeleTrade offer demo accounts for Forex trading?

Yes, TeleTrade offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Go to the demo account sign-up area on the broker’s website
  2. Complete the registration form with your personal info
  3. Submit the online registration form. You will receive account login detail following the approval of your application, which should take a few minutes. 

Does TeleTrade have a mobile app for Forex trading?

Yes, TeleTrade offers mobile applications for both MetaTrader 4 and MetaTrader 5. 

Both of the apps for MetaTrader 4 and MetaTrader 5 provide the following features:

  • Fast switching between financial instruments on charts
    Sound notifications assisting trading
    Customizable Forex chart color schemes
    Trade levels visualizing the prices of pending orders, as well as SL and TP values on the chart
    Free financial news — dozens of materials daily
    Chat with any registered trader
    Support of push notifications from the desktop MetaTrader 4 (MT4) platform and services
    Connection with hundreds of Forex Brokers

Does TeleTrade publish an economic calendar?

An economic calendar is used by Forex traders to see which important upcoming economic announcements may impact their trades. 

TeleTrade does offer an economic calendar. TeleTrade’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of TeleTrade?

TeleTrade has two telephone numbers and two local addresses. 

TeleTrade’s main telephone number is: (+357) 22314160

TeleTrade’s main local address is: 88 Archiepiskopou Markariou III, 1077 Nicosia-Cyprus

Alternate phone numbers are:

Dealing Desk: +357 22024154

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