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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Reviews

  • Fardol

    I’ve had enough unregulated brokerages. when I deposited $1500 to my teletrade account and explained at one of the forums I do that cause they’ve got real offices, have a proper brokerage license in my country and are regulated by well-known authorities like cysec – these guys laughed at me. like yeah, who’d wanna pay 1.5-3 spreads if there are some spread-free brokers. guess who’s got the last laugh? I might not be profitable every week, but whenever i am, i can withdraw the money. this is the most important thing! At the moment i’m also considering to register as a trader with teletrade master-account program. have to keep the balance above $300 for this purpose though.

    • Kasson

      I can only agree, sometimes unregulated brokers may be okey and if the broker is unregulated that doesn’t mean that it’s scamm or fraud. However, such brokers are regulated only with their reputation and only thing that restricts them is their reputation. That’s true that it’s always better to choose regulated broker and Teletrade is one of the best brokers in this category. TeleTrade is one of the most popular and well-known brokers with long standig reputation and when I was looking for a new brokerage I turned to Teletrade. The reason why I don’t choose it innitialy was my own biases, I was sure that such broker is extremely expensive and isn’t opened for me with my $1,000 deposit. When I decided to change my brokerage, I tried to start with Teletrade and it was so easy and quick that I was wondered. Yeah, you’re right, spreads are higher than with unregulated brokers, but I understand what I’m paying for. I pay for fast and quick support service that always is ready to help, for CySEC regulation and for security of my funds. Each trader, moving from beginner to experinced trading, become prefer security and certainty to dubious savings. And I’m willing to pay more for top quality service.

    • Emetred

      I always think about this in terms of correlation between regulations and what brokerage offers. Yeah, brokerage with zero regulation is bad. But you forgot to mention (or mb you just didn’t face with) brokerage with extreme regulations such as US SEC or FSA. Such regulations are bad as well, as brokerage should take extremely high spreads. Teletrade in this regard is almost perfect, with good EU regulations, that is combined with low deposits and tight spreads, I think that’s regulations-opportunities equilibrium :))

  • Rifat

    I like the Teletrade broker because here you can not only trade, but also constantly learn. This broker offers tutorial videos and a large number of analytics, thanks to which I began to pay attention to those assets, which I had not noticed before and therefore saw more interesting profits. I think that this is a big plus and I plan to continue trading on a more serious, maybe professional level to make it a source of my permanent and stable income. Porfessionals feel good at Teletrade, because they get followers – other clients start following successful strategies that participate in the rankings, so this is not just a brokerage, but a chance to make this transition from amateur to professional trader within one structure.

  • Gabriel Camus

    I’ve been discussing Teletrade with other customers of this brokerage. It seems that we all agree upon the only drawback of the brokerage – spreads could be a bit tighter. On the other hand this cons is compensated in full with pros of the broker. Reliable executions, 0 requotes, excellent support and numerous extra services. Best part of it is that if you are consistently profitable and do at least several trades a day – you will inevitable move up in rankings of the company and people will start subscribing to follow your trading system. Every subscriber will pay for being synchronized with your trading system. Amazing opportunity for successful traders!

    • Anonymous

      Hmm, myself I was considering the copy-trading here for the purpose of getting some passive income. Have never thought you can become a master trader yourself that easily!

  • Torsti Laine

    Copy trading is the real thing and it really works.
    Previously I tried PAMM investing, but that’s one thing I rejected PAMM traing – I want to keep control over my trading, I want to keep control over my money. That’s why I don’t like PAMM trading, but like copy-trading. Teletrade copy-trading is not giving your funds to a manager that will trade with your money, that’s like you copy (obviously) your master decisions and pay % to him. IN this case you know for sure master account’s owner is risking his personal funds as well. Teletrade has clear ranking of masters, so there is no any trouble to choose the best one.
    Overall, Teletrade is one of the best brokers, so I can recommend it for sure.

  • Marfyn

    What is the differnce between PAMM account and sync-trading? I’m new to this and I don’t clearly understand. I want to invest in financial markets, but I don’t know how to trade, so I want to invest in trading with manager.

  • Etien

    TeleTrade is a very good broker, I liked working with it. The broker has low spreads, which of course is worth noting, the convenient interface of the site and fast money withdrawal from the account. In spite of the fact that the first deposit is low, i make a reach deposit, as, it’s overlapped with a bonus on a deposit of one thousand dollars. At first I worked on their demo account, but a couple of months ago I realized that I can and want to work with real money, and in just the first couple of weeks I came out on the plus side, which pulled even more into trading with TeleTrade

  • Garang Sitompul

    Good trader, I’m copy-trading there, everything seems clear, TELETRADE has good reputation and is well known in the trading world. CySEC regulated, so there is no doubts that brokerage is fair. By the way, I have some things I can’t understand – the most important is what is a comission refund to investor. Can someone explain, as I (maybe I’m just a bass, haha) can’t catch. If someone can, with example pls!

    • Bruno Perez

      Hi dude, I just want to share this with yall, as it seems you really need help. However, if you want to be successfull in trading, it’ll be better to you to learn google info on your own, not just ask for help. All such info is on TeleTrade official website and it’s easy to access. As well as you can ask a support service. I don’t want to ‘teach’ you, I just give you a tip. Let’s turn to refund of the comission. In general, it means partial refund of the commission accrued by the Trader during the settlement procedure via transfer to the Investor Account. Returns of commission to an Investor are executed via a balance transaction to the Investor Account with a comment as follows: “cmsn return from Trader Account Number”.

  • Salvatore Haase

    I like working at Teletrade – it’s a great terminal and I like the staff, they will always help me, but the bonuses are small, I see other companies offer 100-150% for any amount, but here it is not.

    • Khalid Skah

      What? Do you understand what you just written? Send me a link to a REGULATED and TRUSTED brokerage that provides 150% first deposit bonus! I think you CAN’T! TeleTrade is REGULATED and you can’t expect so high bonuses. Teletrade bonuses are more than enough for a brokerage of such quality! I mean such a great quality!

  • Jeremy Edwards

    I don’t know where you found such brokers, maybe only unregulated market makers. If you want to trade with such companies, okay, go on. But I can’t imagine a regulated brokerage, that will offer 150% bonus, its simply impossible. TeleTrade is regulated by CySEC and it acts according to strict rules, set by this comission, so it simply can’t be like this, offering 150% bonus is simply unprofitable for brokerage, even if any broker that isn’t a market maker, will offer you such bonus, it will set extremely high demands to withdraw this bonus in the future. I think it’s up to you to decide what you want – trading with regulated brokerage or get bonuses, but keep in mind that here ain’t no such thing as a free lunch.

  • Villii Morri

    Tell me, what about the number of withdrawals per month in teletrade, are there any restrictions?

    • Anonymous

      No restrictions, you can withdraw as many times as you want it.

  • Anonymous

    How the ranking of traders that offers sync-trading is managed, what parameters affect it?

    • Anonymous

      The only parameter is profitability. More profitable trader – higher standing in ranking. Active traders also get higher score.

  • Anonymous

    I’ve chose TeleTrade among other brokers for only one reason – brokerage is regulated and has strong reputation. I’ve read a lot texts about how some ‘brokers’ scam people, so my goal was to choose brokerage that I can rely on and be sure that company is good. TeleTrade is regulated by the EU authorities. so that was the point why I’ve chose in and never regreted, brokerage turned to be reliable and with fast withdrawals. Maybe I’m not so profitable now, but at least I’m not scammed.

  • Anonymous

    Don’t see nothing extremely good in this company. Many people rly praise TT and say that’s perfect brokerage. What can I say – brokerage is good for sure, but there are some fraudsters that try to earn money with TeleTrade name, offering you ‘account management’. So be careful.

  • Anonymous

    Each trading session fills you with new emotions and impressions, and you actually learn a lot of new and interesting things in the process of market analysis and become a real analyst who understands the various processes in the market. And the most important thing here is to be systematic, to train constantly, it’s good that there is a demo for this, and not to stop at what has been achieved. You should always be aware of events and find something new, and again, this is helped by training courses, articles, which are also here in large quantities.

    • Anonymous

      You’re actually right. Some people want to earn ‘fast money’, but that’s not so. If you’re new to trading – learn first. If you come to trading and start earning – trade with TeleTrade sync-trading and learn. I’ve started such way – so I really killed to birds with one stone – started earning and spent some time to learn about trading.

  • Anonymous

    This company provides an opportunity to periodically work in passive mode (synchronous trading) and at the same time quite profitable. You should not use it too often, but sometimes it is necessary.

  • Anonymous

    This brokerage company offers quite usual conditions, which can be studied immediately on the company’s website and in the user agreement.
    And you should consider your personal preferences, for example, synchronous trading for one trader – this is an unacceptable format, the trader should do everything himself. But for another – this is a way out of a situation where a person can not trade personally for some reason.

  • Anonymous

    Pretty good brokerage. If you are ok with the average trading fees and minimizing those is not crucial for your trading system success, I can recommend the broker as a highly reliable one.

  • Anonymous

    One of a few regulated brokers that accepts $100 deposits. Other brokers that minimum amount as $250 or even $500, so TeleTrade is much better in this regard. There’s also some shortcomings, but that’s insignificants ones – like spreads that are 10-15% higher than compared to unregulated competitors. I see this like we’re paying for safety. To be fair, I like this brokerage and everything it provides, so I even reccomend it to others.

  • Leo Echevarría

    I have several criteria for choosing a brokerage company…
    I think that there should be a demo. I think there should be a demo. Because there is no more convenient and functional way to test your hypotheses, chosen strategies, etc.
    At least minimal training materials. So that even beginner traders could earn something here.
    Available spreads, because it also allows a person to experiment, even if he started working with a small capital.
    All other things in this company you may or may not like, but such things are always important.