The minimum deposit amount required to register a live trading account with TeleTrade is $100. This minimum deposit is equivalent to R 1600 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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 Minimum Deposit – 8 key point quick overview:
TeleTrade At a Glance- TeleTrade Overview
- TeleTrade Deposit fees and deposit methods
- Step-by-step guide to depositing the minimum amount to TeleTrade Account
- TeleTrade Customer Reviews
- TeleTrade Pros and Cons
- TeleTrade Conclusion
- Frequently Asked Questions
TeleTrade Overview
TeleTrade has a minimum deposit requirement of only $ 100 on all its live account types.
This minimum deposit amount is equivalent to ZAR 1,419.95 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
TeleTrade operates in the European market following the Markets in Financial Instruments Directive (MiFID) and is licensed by the Cyprus Securities and Exchange Commission (CySEC).
Through the strict regulations of the regulatory body, the broker must keep client funds in separate accounts from the broker account that can only be utilized by the client and not by the broker.
TeleTrade Deposit fees and deposit methods
When compared with other brokers, the minimum deposit that TeleTrade requires when registering a live account is relatively low.
TeleTrade offers traders the following payment methods which can be used when making deposits:
- Credit cards
- Debit Cards
- Skrill
- Neteller
- UnionPay
- FasaPay
- Bank Wire Transfer
- International Transfer
Deposit currencies that are accepted include EUR and USD.
When making use of any of the payment methods for deposits, TeleTrade does not charge any deposit fees.
Traders must, however, ensure that they verify whether their financial institution waives its fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.
Step-by-step guide to depositing the minimum amount to TeleTrade Account
1. Step 1 – Log into your registered account
Navigate to the TeleTrade website and log into your existing account.
2. Step 2 – Select deposit method
Select the deposit method from the list and follow the prompts.
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, the minimum deposit amount required to register a live trading account with TeleTrade is $100. This minimum deposit is equivalent to R 1600 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
You might also like: TeleTrade Account Types
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You might also like: TeleTrade Review
You might also like: TeleTrade Sign Up Bonus
Frequently Asked Questions
Can I make the minimum deposit for Teletrade with Bank Wire transfer?
Yes, Teletrade does accept Bank wire transfer as a funding method
What is the minimum Teletrade deposit for South African traders?
The TeleTrade minimum deposit amount for South African traders is R1600 ZAR which is the equivalent of $ 100 USD at the current exchange rate at the time of writing.
How does the TeleTrade minimum deposit compare to similar brokers?
The minimum deposit required by Teletrade compares well with similar brokers.
How safe is my funds with Teletrade?
Our Teletrade review reveals that the broker keeps client’s funds in a reputable European bank that has enough capital to honor traders withdrawal requests – even in the event that the broker goes out of business.
Where is the headquarters of Teletrade?
The headquarters of Teletrade is located in Limassol, Cyprus.
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