TeleTrade Fees, Spreads and Commission vary according to the account type the trader uses. TeleTrade spread list starts from 0.02 pips. Leverage ranging from Leverage from 1:2 to 1:100. Commissions are determined on the account type selected. With a minimum deposit that is $100 USD / R1600 ZAR.
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 Fees, Spreads and Commissions – 8 key point quick overview:
TeleTrade At a Glance- TeleTrade Overview
- TeleTrade Additional Trading Fees
- TeleTrade Broker Fees
- TeleTrade Customer Reviews
- TeleTrade Pros and Cons
- TeleTrade Conclusion
- Frequently Asked Questions
TeleTrade Overview
TeleTrade’s spreads start from 0.2 pips.
TeleTrade offers variable spreads from as low as 0.2 pips on the Sharp ECN account. The spreads range from 0.2 pips to floating spreads for Islamic traders.
The spread list and fee schedule which is offered by TeleTrade are transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with TeleTrade are as follows:
- The Sharp ECN account spreads start from 0.2 pips
- The NDD account spreads start from 0.8 pips
- The Standard account spreads begins from 1.1 pips
There is no indication of any commission amount on the broker’s website.
TeleTrade Additional Trading Fees
When trading financial instruments such as forex, traders can expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
With TeleTrade, short positions which are held overnight will be credited with swaps and these are calculated based on the one-month interbank rate minus 2%.
Should long positions be held overnight, traders will be debited with swaps, and this is calculated according to the one-month interbank rate plus 2%.
For more information on the swaps that traders can expect, traders can contact customer services.
TeleTrade also makes provision for an Islamic Account for Muslim traders who follow Sharia Law. They are prohibited from earning or paying interest where the holding of open positions is concerned.
TeleTrade also offers spread betting, thus spread betting fees apply.
TeleTrade Broker Fees
TeleTrade does not charge for deposit fees but there are withdrawal fees on the following payment methods used:
- When withdrawals are made through credit or debit cards a fee of EUR, USD – 2.35% + EUR/130 USA is charged.
- On Bank wire transfers a fee of 1 EUR plus a beneficiary bank commission applies for SEPA EUR payment and for non-SEPA payments a fee of 0.1% from the amount will be charged.
- On e-wallets, a 1 – 2 % fee will be charged depending on the payment method you choose to use.
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 Fees, Spreads and Commission vary according to the account type the trader uses. TeleTrade spread list starts from 0.02 pips. Leverage ranging from Leverage from 1:2 to 1:100. Commissions are determined on the account type selected. With a minimum deposit that is $100 USD / R1600 ZAR.
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Frequently Asked Questions
What type of fees does Teletrade charge?
Teletrade charge fixed and floating spreads depending on the account type that you are using.
Does TeleTrade charge commission?
No. TeleTrade does not charge any commission.
Does TeleTrade charge withdrawal fees?
No, Teletrade does not charge withdrawal fees.
Does TeleTrade charge deposit fees?
No, Teletrade does not charge deposit fees.
Does Teletrade charge high trading fees?
The trading fees charged by Teletrade are considered low
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