TeleTrade Review

TeleTrade
1000$ bonus on deposit
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Overview

The TeleTrade group of companies happens to be the largest Forex broker operating all over the world, providing an opportunity to earn money via online trading for traders and investors.

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Details

BrokerTeleTrade
Website URLteletrade.com
Founded1994
Headquarters1 St. James Place, Paul'S Avenue, KINGSTOWN, SAINT VINCENT AND THE GRENADINES
Support Number+7 (495) 961-20-23
Support TypesChat, phone (including the form of a return call), e-mail
Minimum 1st Deposit$2000
Minimum Trade AmountMin. rate $10
Bonus1000$ bonus on deposit
PayoutUp to 100%
Leverage1:200
Spreadfrom 0.00008 points
Free Demo Account Open Demo
Regulated Yes
RegulationThe Central Bank of the Russian Federation (№045-13980-020000)
Account TypesDemo, Standard, Professional
Deposit MethodsBank transfer VISA, MasterCard (credit and debit cards), WebMoney, Skrill, QIWI, Yandex.Money etc.
Withdrawal MethodsBank transfer VISA, MasterCard (credit and debit cards), WebMoney, Skrill, QIWI, Yandex.Money etc.
Number of Assets100+
Types of AssetsCurrency pairs, futures, CFDs, indices, metals, oil
Trading CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Overall Score3/10

Full Review


The TeleTrade group of companies is the largest Forex broker operating all over the world and also in Russia and providing an opportunity to earn money via online trading for traders and investors. The brand has been operating since 1994 and now has more than 200 offices in 30 countries. The broker boasts prestigious awards granted in Moscow, Vienna, Oxford, etc.

Is TeleTrade a scam or it’s a company you can entrust your money and time to? We are going to answer this question in this detailed review of the broker.

The site of the company as its business card in many respects causes trust: there are several language versions, including Russian. They provided all the necessary information about the company, its regulation, while a thoughtful design does not prevent you from navigating and finding the right information. Anyone can register on the site, download a free terminal and open a demo account – all of this will take a few minutes and you can immediately start trading currencies, CFDs for shares, futures and metals. The company provides its clients with one of the most reliable trading platforms – MetaTrader 4.

The functional platform 100% justifies its huge popularity with today’s traders, as its cutting-edge capabilities make trading not just easier and more convenient, but also more profitable. The terminal works quickly, without freezing, which speaks of the broker as a high-level company. In addition to web-trading, a mobile version of the platform is also available, allowing you to trade at any convenient time.

Among the company’s popular projects one should mention investment projects Master-Invest (automatic copying of traders’ transactions) and Exchange of Traders (convenient analysis of traders’ activities and the opportunity to agree on cooperation). A 24-hour customer support service, which includes highly competent specialists, is available. For traders, there is an opportunity to undergo training in trading (a diploma is granted), which is particularly appreciated by traders in the reviews.

Separately, we note the actual daily analysis, which has repeatedly received international prizes (some of the reviews say that traders successfully trade on the basis of expert forecasts). Technical analysis is released every morning and supplemented by a comprehensive assessment of the market by leading financial analysts. In trading the broker allows to use all trading strategies, automatic advisers, hedging, etc.

 

Replenishment and withdrawal of funds

TeleTrade offers different ways of replenishment and withdrawing of funds. In order to replenish the deposit and start real trading, you need to pass a quick registration, pay the necessary amount, having chosen a convenient way of transferring funds. The account is opened only in US dollars.

Money for trade is available immediately after payment. The withdrawal of funds is possible for authorized traders, it takes from 1 to 7 days, and it’s carried out strictly within the limits indicated on the site, which increases confidence in the broker. Detailed information on withdrawal of funds and limits is provided in the personal account.

 

Complaints on TeleTrade

On the Internet TeleTrade has a variety of reviews, but it is worth noting that most of them are positive.  Traders respond well about the convenience of working on the website and in the platform. They also add that the broker gives an opportunity to earn real money and mention beneficial terms of cooperation and interesting services. All of this once again proves the seriousness of the company, testifies to its reputation and success.

Nevertheless, there are also negative reviews. As usual, the company’s customers complain about a refusal to withdraw funds, problems in the terminal operation, etc. In order to avoid any negative experience in the work with the broker, completely verify the account, ask your personal manager about the features of the withdrawal procedure, the use of bonuses.

We only note that TeleTrade has been working in the financial services market for a long time. It has managed to gain recognition from traders, providing high-quality service for its work: the informative website, high-quality trading platform, convenient withdrawal options, thoughtful work with the trader – all of this indicates its stability.

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TeleTrade is a scam, isn’t it?

Today TeleTrade is one of the most experienced and most successful brokers, known around the world. The company has been providing high quality service for trade and investment for more than 20 years. The work takes place in a reliable terminal Metatrader, which is unlikely to cooperate with dubious brands. The company publishes an up-to-date daily analysis, which has received a number of international prizes and it allows to positively influence the income of users. In addition, you can study the numerous reviews of traders, most of which are positive, which can’t fail to affect the level of confidence in the broker.

Its tasty advantages include a high-quality website (including a Russian version), the availability of a system of bonuses, round-the-clock feedback, training opportunities – all of this demonstrates a thoughtful policy of working with the user, which can hardly be provided by scammers. In addition, it is a licensed broker with many prizes and certification, which also positively characterizes it. All of this shows the serious intentions of the broker, so it can’t be a one-day or a fraudster.

In spite of the fact that the broker has more positive points, there are also negative moments in the work with the broker (the high cost of the deposit contribution (from $ 2000), not all the materials are available on the website (types of accounts, terms of trade, etc.), which complicates work, etc. So, the broker is expected to fix these glitches.

Perhaps the answer to the question of TeleTrade’s hypothetical scam will be the fact that the broker is one of the initiators of the Commission on Regulation of Relations of Participants of Financial Markets and it’s one of the first to receive its license. By the way, the company is a co-founder of the CRFIN, also having its license. Do you still doubt whether it’s a scam or not? Well, perhaps, it’s not, as during the years of successful cooperation with traders around the world, the company has proved it. To avoid problems in using its services, we recommend you to clarify with your personal manager all information about the rules for using bonuses, the procedure for withdrawing funds as well as other features of the work.

 

The regulator of the broker

The activity of this broker is transparent, there is a regulation of several countries of the world, including in Russia. In this country, the broker is regulated by the The Central Bank of the Russian Federation (No. 045-13980-020000). Also there are licenses of CySEC (158/11), CRFIN and the Commission on Regulation of Relations of Participants of Financial Markets. Information on other licenses is available on the website in the section “Licenses and Regulations”.

Check the TeleTrade license on the CySEC website
Check the TeleTrade license on the website of the Central Bank of Russia
Check TeleTrade license on the website of the Association of Forex Dealers
Check the TeleTrade license on the KROUFR website

 

TeleTrade bonuses

Each trader of the company can count on 2 types of bonuses:

1) The 24% bonus is granted by the broker to actively trading traders. To get a bonus, you need to actively use their trading platform. More details about the terms of the bonus please check with your personal manager.

2) The 1000 $ bonus on the first deposit is for all new customers of the company. In order to receive a bonus, you require replenishing the deposit for the amount not less than $1000. More details about the terms of the bonus please check with your personal manager.

 

Conclusion

The trade broker TeleTrade has been successfully providing online trade and investment services for more than 20 years, being deservedly considered to be one of the industry leaders. Today, having a large database of users around the world and providing a really high-quality product for online trading, the company is constantly developing, following the current trends in trading in financial markets.

The very presence of serious licenses, a great deal of positive feedback from users – all of this undoubtedly increases the overall level of trust and reliability. The presence of negative feedback on the network indicates that the broker needs to work with its users, and perhaps provide more complete information to the clients. It remains to be hoped that in this part the broker plans to work and improve the service. It’s expected to keep evolving, providing traders with more unique opportunities.

Should we evaluate TeleTrade as a fraudster? This question should be answered in the negative, as the company demonstrates high quality services as well as reliability of cooperation with users. Turning to traders, we are waiting for real feedback about TeleTrade, which will affect its ratings on our resource, and also warn against problems in its work.

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