Overall, TeleTrade can be summarised as a reliable and trustworthy broker and is considered low-risk with competitive trading fees anvariable spreads from 0.2 pips. TeleTrade has an overall trust score of 80 out of 99. TeleTrade offers 200+ trading instruments.
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 review – 20 key point quick overview:
TeleTrade At a Glance- TeleTrade Overview
- TeleTrade Safety and Security
- TeleTrade Sign-Up Bonus
- TeleTrade Minimum Deposit
- TeleTrade Demo Account
- TeleTrade Leverage
- TeleTrade Accounts
- TeleTrade Market Instruments
- TeleTrade Fees, Spreads & Commissions
- Teletrade Deposit and Withdrawal
- TeleTrade Trading Platforms
- TeleTrade Best Countries by Traders
- TeleTrade Current Popularity Trend
- TeleTrade vs Exness vs XM – a Comparison
- TeleTrade Customer Reviews
- TeleTrade Pros and Cons
- TeleTrade Conclusion
- TeleTrade Disclaimer
- Frequently Asked Questions
TeleTrade Overview
According to research in South Africa, TeleTrade is part of the TeleTrade Group of companies, a much larger organization, but as its own independent entity, is in charge of TeleTrade’s European operations.
TeleTrade was founded as an online broker in 2008 and offers forex trading, spread betting, social trading and share dealing trading.
TeleTrade has more than 80 offices located in more than 30 countries around the world and with a head office in Cyprus, it is licensed and regulated as an investment firm by CySEC too.
In addition to offering consultancy services to companies and investors, TeleTrade has years of experience with banking elites, offering training to traders and financial analysts in cooperation with universities and financial institutions in many countries.
TeleTrade Safety and Security
One of the best benchmarks to measure the safety of a broker like TeleTrade is to establish which regulating authorities are watchdogs over its actions.
TeleTrade (Europe) is a brand name of DJ International Consulting Ltd., a Cyprus Investment Firm that is licensed by the Cyprus Securities and Exchange Commission (CySEC) since 2011.
TeleTrade-DJ International Consulting Ltd has representation in major European cities and through this holding company, TeleTrade is also recognized by a number of other regulatory bodies, including the FCA in the UK.
It is also registered with the relevant authorities in Bulgaria, Romania, Germany, Spain, Italy, and the UAE.
A unit of the company (TeleTradeBel) also acquired a license from the Belarus National Bank in 2016 and the broker is one of the three forex brokerages to hold a license by the Central Bank of Russia (CBR).
The Cypriot financial watchdog requires broker companies to maintain net tangible assets of at least €730,000 to prove financial stability and requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.
All CySEC-regulated companies are members of the Investor Compensation Fund, which can pay compensation up to €20,000 EUR per person if the company becomes insolvent.
Every CySEC-regulated investment company is also MiFID compliant and entitled to offer cross-border services in EU member states.
TeleTrade also has a listed stock symbol, meaning that it is publicly listed, and one can officially buy shares in TeleTrade on one of the world’s global market exchanges.
Regulated brokers do not manipulate market prices and withdrawal requests are honored, because if TeleTrade violates any regulatory rules their regulated status is stripped.
TeleTrade Sign-Up Bonus
TeleTrade does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.
TeleTrade Minimum Deposit
| ⭐ Features | ℹ️ Information |
| 💰 Minimum Deposit | $100 USD / R1600 ZAR |
| 📊 Average spreads from | From 0.02 pips |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:500 |
| 🔥 Bonus | none |
| ☎️ Customer support | 24/5 |
The minimum deposit amount required to register a TeleTrade trading account is $100. This minimum deposit is equivalent to R1600 ZAR at the current exchange rate between the South African Rand & United States Dollar.
TeleTrade Demo Account
TeleTrade does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The TeleTrade demo account does not have a specific expiry date.
TeleTrade Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
The maximum leverage level offered by TeleTrade is just 1:100.
TeleTrade Accounts
| 💠Feature | 📈 Standard Account | 📈 NDD Account | 📈 Sharp ECN Account |
| 📊 Minimum Deposit | $100 USD / R 1600 ZAR | $100 USD / R 1600 ZAR | $100 USD / R 1600 ZAR |
| 📈 Spreads | Spread / Variable (From 0.2 Pips) | Spread / Variable (From 0.2 Pips) | Spread / Variable (From 0.2 Pips) |
| 💵 Fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees |
| 💳 Leverage | 1:500 | 1:500 | 1:500 |
| 👉 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
A forex account at TeleTrade is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
In the case of TeleTrade there are a number of options:
MT4 standard account
This features fixed spreads and a wide range of instruments including CFDs on futures and stocks. This account uses the Metatrader4 trading platform.
MT4 NDD account
This account also operates using the MT4 trading platform but has narrower floating spreads and there is an additional commission per volume.
Standard MT5 account
This account operates using the MT5 trading platform and offers fixed spreads and instant execution. An exchange-type system is used for recording trades.
Demo account
This account allows you to test your knowledge and skills first and experience the service. TeleTrade will deposit $50,000 virtual trading money into the account for you to use.
TeleTrade also offers an ECN and STP account.
How to open an NPBFX account
1. Step 1 – Register an account
Navigate to the TeleTrade website homepage and select the option to “Register” or “Open Live Account”
2. Step 2 – Complete registration
A new tab will open to complete personal information and select “Registration”
3. Step 3 – Complete registration
A verification email will be sent to the trader to confirm that the account is active.
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TeleTrade Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading, currency trading, or FX trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Along with currency exchange markets, commodity markets offer many investment opportunities for traders.
Soft commodities have been traded for centuries and investors’ preference for these financial derivatives is credited to their major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.
Indices
Equity indices, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market, or they can represent a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Apart from forex trading, long-term investing in gold and other precious metals is worldwide a popular way of portfolio risk management during times of inflation or economic or political uncertainty.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Such conditions can decrease or increase demand for consumer services related to these energies.
You can trade a wide variety of over 221 instruments with TeleTrade, and European clients can choose to trade from more than 130 foreign currencies, commodities, CDFs on stocks and futures, ETFs, and stocks.
If you are looking at trading currency pairs, TeleTrade offers over 60 currency pairs. Other forex instruments include CFDs on Metals, on Indices, Energies, on Stocks, on ETFs and on Cryptocurrencies.
TeleTrade Fees, Spreads & Commissions
Due to its global presence, TeleTrade may offer various account types that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence.
TeleTrade withdrawal fees vary on payment methods and the broker does charge inactivity fees, but not deposit fees. Cost depends on different factors, like spread and margins.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
TeleTrade offers both fixed and floating spreads.
Teletrade Deposit and Withdrawal
To open an account with TeleTrade, traders must invest a minimum of $2000, which is quite a high minimum initial amount.
The following payment and withdrawal methods are available to TeleTrade clients:
- credit/debit cards
- bank wire transfer
- Skrill
- Neteller
- SafeCharge
A deposit may take up to five business days in the unlikely case that TeleTrade is unable to verify your information or your funds have not yet been received to the TeleTrade account. If you have submitted all relevant documentation requested by TeleTrade it should be cleared by the same business day.
Any withdrawal of funds from your TeleTrade account to a bank account can only be refunded to the same bank account that the funds were originally received from or another bank account which is also in your name if your bank is no longer operational.
TeleTrade Trading Platforms
A forex trading platform is in essence the software provided by TeleTrade to its clients to carry out their trades.
A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision about which platform to choose will always depend on what a client would like to trade.
TeleTrade offers both MetaTrader4 (MT4) and its successor, MetaTrader5 (MT5). Traders can use web terminals, MetaTrader for iOS, for Android and MetaTrader macOS.
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
TeleTrade Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 Italy | 15.29% |
| 🥇 Romania | 15.08% |
| 🥇 Bangladesh | 7.81% |
| 🥇 Indonesia | 7.72% |
| 🥇 India | 5.44% |
| 🥇 Others | 48.66% |
TeleTrade Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “TeleTrade” is entered into Google’s search engine over a given period of time.
TeleTrade vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 TeleTrade | 🥈 Exness | 🥉 XM |
| Established | Established in 1994 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | $100 USD / R1600 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | 📌 Yes | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
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 can be summarised as a reliable and trustworthy broker and is considered low-risk with competitive trading fees anvariable spreads from 0.2 pips. TeleTrade has an overall trust score of 80 out of 99. TeleTrade offers 200+ trading instruments.
TeleTrade can be summarily described as a worthwhile company for potential traders, as it is a broker with strong regulation, which offers both market and instant execution, fixed and variable spreads, MT4 and MT5.
Although its overall pricing is not very competitive, TeleTrade Group boasts of one of the largest presences in the financial markets, with its Forex trading arm located prominently in Europe and the Middle East.
TeleTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), and EEA is authorized to carry out its Forex brokerage activities throughout Europe under the Markets in Financial Instruments Derivatives (MiFID).
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
TeleTrade Disclaimer
TeleTrade warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by TeleTrade, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
TeleTrade warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.
Therefore TeleTrade cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
You might also like: TeleTrade Account Types
You might also like: TeleTrade Demo Account
You might also like: TeleTrade Fees and Spreads
You might also like: TeleTrade Islamic Account
You might also like: TeleTrade Minimum Deposit
You might also like: TeleTrade Sign Up Bonus
Frequently Asked Questions
Can South Africans open a TeleTrade account?
Yes, South Africans can open a TeleTrade account and make deposits.
Is TeleTrade regulated?
Yes, TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC)
What is the overall rating out of 10 TeleTrade?
The overall score rating for TeleTrade is 7/10.
Which live trading accounts does TeleTrade offer?
- Standard Account
- VIP Account, and
- Sharp ECN Account
What is the minimum deposit amount for TeleTrade?
TeleTrade minimum deposit amount is $100 USD / R 1600 ZAR
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