TeleTrade does offer a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
TeleTrade At a Glance
| Broker's Name | TeleTrade |
| 🏛️ Headquarters | Limassol, Cyprus |
| 📅 Year Founded | 1994 |
| ⚖️ Regulating Authorities | CySEC |
| 🌐 Countries not accepted for trade | United States |
| 📌 Accounts | Standard account NDD Account Sharp ECN account |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1: 500 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | $ 100 USD / R 1600 ZAR |
| 💳 Spread | Spread / Variable (From 0.2 Pips) |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | Credit cards Debit Cards Skrill Neteller UnionPay FasaPay Bank Wire Transfer International Transfer |
| 💳 Withdrawal Options | Credit cards Debit Cards Skrill Neteller UnionPay FasaPay Bank Wire Transfer International Transfer |
| 📊 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📶 OS Compatibility | PC, Mac, Web, Android, iOS |
| 📈 Tradable assets offered | Forex Metals Indexes Energies Stocks Crypto Commodities |
| 💬 Languages supported on Website | English, Czech, Chinese, Latvian, Lithuanian, Polish and Portuguese |
| 💬 Customer Support Languages | English, Czech, Chinese, Latvian, Lithuanian, Polish and Portuguese |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit USD 100 Regulators CySEC Trading Platform MT4, MT5 Crypto Yes Total Pairs 60+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our TeleTrade below.
TeleTrade Demo Account – 7 key point quick overview:
TeleTrade At a Glance- TeleTrade Overview
- How to set up a TeleTrade Demo Account – Step by Step
- TeleTrade Customer Reviews
- TeleTrade Pros and Cons
- TeleTrade Conclusion
- Frequently Asked Questions
TeleTrade Overview
TeleTrade’s demo account mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.
They can trade in over 200 instruments that including 19 cryptocurrency pairs. They have access to an unlimited virtual deposit that can be used for an unlimited time.
The demo account is risk-free as traders make use of virtual funds to conduct their trading. When making use of either MetaTrader 4 or MetaTrader 5, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.
There are many reasons why you might want to open a Demo Account. It is often referred to as a practice account since it helps traders to learn how to use trading platforms and their functionalities.
Traders get acquainted with the key features of the platforms, such as stop loss, take profit, limit order, and learn how to best understand how the main technical analysis indicators work.
Beginners and advanced traders can test and improve their trading strategies, as well as create new ones and improve their trading skills while gaining experience without risking capital loss.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders with the opportunity to explore what TeleTrade has to offer.
How to set up a TeleTrade Demo Account – Step by Step
1. Step 1 – Register an account
Navigate to the TeleTrade website and select the link ‘Open Demo Account.
2. Step 2 – Complete information
Traders will be redirected to a page where they will be requested to complete an online registration form. On the form, traders are asked to provide their name, email, telephone number, and account type. Traders also must select to accept the Privacy Policy terms and agree that their name and contact details can be used by TeleTrade to contact them.
3. Step 3- Verification
Once traders have submitted their details, they will receive an email at the address that they provided. The email will contain the trader’s demo account number, automatically generated password, and server. Also contained in the email is an embedded link to activate the trader’s personal area. This also provides traders with the option to change their passwords.
TeleTrade Customer Reviews
TeleTrade offers many trading assets.
I have never been interested in finance or, to put it correctly, working in this area. I loved money though! and my love grew along with my growing needs of mine. Then I realized that I needed to change something. I wanted my own business, but there were circumstances that got in the way. I decided to try forex. I knew there were brokers with small minimum deposits and I had a chance to try it.
It so happened that I started to study forex on the website of the broker TeleTrade. Everything is very well done there and I decided to open a demo account there. I liked everything. I was very excited!
When I started trading real money …. honestly …. I was terribly afraid 🙁
I thought that I could not cope with emotions and could lose everything. But everything was fine. TeleTrade offers many trading assets and on a demo account I chose several currency pairs that I felt well .. and of course, I learned how to use indicators.
I want to tell all traders that technical analysis is cool!
At first I was afraid of forex.
At first I was afraid of forex. I always understood that this business could be very profitable, but for a long time, I did not dare to trade even on a demo account, because I read reviews of how people lost their money. Therefore, I thought that everything was complicated and dangerous there. That is why I am grateful to the Teletrade consultant for convincing me to just come to the courses, and then decide for myself whether Forex is right for me or not. It was three years ago. Forex came up. And everything turned out to be not scary. In Teletrade, it is exactly so. On the contrary, it was fun to study. Even in practice, although the first days did not work out very well. It’s good that the teacher was sensitive and attentive. With everyone, he analyzed all the situations, showed mistakes, and explained how to fix them, and prevent them in the future. So at the end of the course, I was ready to face forex trading.
It’s not a scam for sure
I always critically approach any broker no matter what reviews tell about it online. I just don’t want to be victimized by a scam. I know that it may happen at any time. So, I prefer to be on the safe side. I would be better overcautious than careless.
Fortunately, the broker didn’t turn out to be another scam. After two months of trading with this broker, it was obvious to me that it was a genuine company. I didn’t see any signs of a cheater here. It makes me want to continue trading with this company. Reliability is the main thing for me. I don’t care about its features. I think they are mostly similar to all brokers.
TeleTrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated | High minimum initial deposit |
| Award-winning broker | Mediocre leverage levels |
| Both MT4 and MT5 offered | No micro trade-able lots |
| Advanced copy trading options | Overall pricing not competitive |
| Part of international group | No referral bonus offered |
| Wide range of financial instruments | No trading bonus for loyal customers |
| NDD environment available | No welcome bonus, deposit bonus, and no other broker bonuses are offered with first time sign up |
| Offers competitive and attractive trading conditions | Clients from the United States not accepted |
| Demo account sign-up fully digital | Fixed spread accounts not offered |
| MetaTrader 4 and MetaTrader 5 offered | |
| The demo account does not expire | |
| Unlimited virtual deposit | |
| Commission-free trading offered on variable spreads | |
| Demo account offered | |
| Islamic Account offered | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| Regulated through CySEC | |
| Segregated client funds used |
TeleTrade Conclusion
Overall, TeleTrade does offer a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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Frequently Asked Questions
Can traders from South Africa practice trading with Teletrade?
Yes, TeleTrade does offer a demo account to South African traders for the purpose of practicing trading with the broker.
Is there a fee for opening a demo account with TeleTrade?
No, the demo account from Teletrade is free of charge
How much tradable instruments are available on the Teletrade demo account?
The demo account offer more than 200 trading instruments
Does the TeleTrade demo account offer real time quotes?
Yes, real-time quotes are offered with the demo account
Can you withdraw funds from the Teletrade demo account?
No, withdrawals can’t be made from a TeleTrade demo account as this account is virtually funded.
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