Teletrade Guide – Read our In-Depth Teletrade Review
This Teletrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Teletrade review does not apply to US users.
If you're a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will get proficient at all of the concepts of broker as you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will generate hefty returns. Teletrade is just one such platform that will take you along with your investment to great heights. It is important that you understand all about Teletrade until you trust them with your money.
Our entire Teletrade Review covers everything you need to know about trading using Teletrade. A good agent can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
Teletrade is a broker that has paved its way successfully into the brokerage world. In this review, we have tried to collate a number of the important aspects of Teletrade. This review can help you to understand whether Teletrade is a fantastic match for your own investments or not. We have attempted to breakdown all the features and fees for your convenience.
Teletrade Review, Table Of Contents
- Who are Teletrade?
- Benefits Of Trading With Teletrade
- Everything you should know about trading with Teletrade
- Is Teletrade Safe To Trade With?
- Pro's & Con's Of Trading With Teletrade?
- Compare Brokers Similar To Teletrade
- Regulation And Licencing In More Detail
- Teletrade Awards
- Minimum Deposit Required For A Live Account With Teletrade
- Teletrade Commission And Fees Explained
- Compare broker fees against Teletrade
- Teletrade Withdrawal Fees Explained
- Teletrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Teletrade?
- Alternatives To Teletrade
- Frequently Asked Questions About Teletrade
Who are Teletrade?
Teletrade is a foreign exchange broker headquartered in Cyprus and provides a range of tools for online trading. Since its beginning in 2008, Teletrade has emerged as a leading player in the field of online brokerage. Teletrade has a highly aggressive and full-featured trading website that is focused on currency, indices, metals, sharesand commodities.
Over the past 13 years, Teletrade has grown into one of the leading online brokers.
After establishing in 2008, their client base has become as large as 50,000+ clients.
Teletrade is the favorite for many dealers because of its negative balance protection. Our Teletrade review discovered that they're an superb choice for automated trading solutions. They're best suited for investors who are looking for a variety of assets. Social and automated trading options are the core at Teletrade.
Technology plays a substantial role in Teletrade. Teletrade features trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android). Teletrade is fair, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational section at Teletrade is quite enlightening for new traders as it permits them to have a closer look at the financial markets. Teletrade caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
If you feel that Teletrade is not right for you then at the bottom of this Teletrade review you wil find a lot of alternatives to Teletrade.
What you should know about trading using Teletrade
Teletrade is a dynamic platform that provides various techniques of trading. These tools cover the financial markets considerably. Most of the brokerage platforms offer less approaches than Teletrade
If you want to trade with Teletrade, you will need a minimum deposit of $100. This deposit is mandatory if you want to start trading with Teletrade. This 2021 Teletrade review will direct you clearly about trading with them.
Teletrade is as versatile as any other broker platform. Teletrade is great for traders that want a manageable array of low-cost services. The platforms offered by Teletrade are third-party, white-label offerings. All traders may select from MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android).
Together with everything, Teletrade has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade must be kept open. The agents provide premium customer service which rewards clients with advantages.
Many unethical brokers try to pressurise customers into larger funding for superior services. Teletrade, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
Teletrade accounts are available all over the world and provides excellent service everywhere they have customers. There are a few countries where Teletrade accounts are not available. Traders in the following countries cannot open or use a Teletrade account:
Is Teletrade Safe To Trade With?
Established in 2008, Teletrade has been operating for 13 years, they have a head office in Cyprus.
Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). These figures have rules that ensure that trading platforms have measures in place to keep investor's assets secured. This usually means that Teletrade users do not need to be worried about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of an option for 2 Factor Authentications (2FA) with Teletrade for increased safety. An SMS for the confirmation code will be sent to your phone. You'll be required to input this code to log into your accounts.
Another concern with financial brokers is in respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more widespread in the example of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With Teletrade
Every online trading platform will have some ups and downs, and no Teletrade review would be complete without showing both sides. This Teletrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Teletrade is trusted by 50,000+ clients
- Teletrade offers Negative Balance Protection
- Teletrade offers Guaranteed Stop Loss
- Teletrade doesn't charge deposit fees
- Teletrade doesn't charge CFD fees
- Teletrade offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android)
- Teletrade offer 221 trading instruments
- Teletrade trades major forex pairs
- Teletrade trades minor forex pairs
- Teletrade trades exotic forex pairs
- Teletrade offers trading on cryptocurrencies
- Teletrade can communicate in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
- Teletrade charge withdrawal fees
- Teletrade charge inactivity fees
Teletrade Review - Compare Brokers Similar To Teletrade
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.||Your capital is at risk||Losses can exceed deposits|
Teletrade Review - Regulation And Licencing In More Detail
Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Teletrade, as a business, has a powerful collection of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Teletrade Review - Awards
- At the time of writing this Teletrade review, they had not received any awards.
Teletrade Review - Minimum Deposit Required
The minimum deposit you need to get started on Teletrade is $100. This is an adequate amount for people just beginning. You can make more advanced deposits as you go along. But, ensure you know how to make the most of your cash before investing larger amounts.
Teletrade Review - Commission And Fees Explained
Teletrade is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 types of penalties for this purpose.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, Teletrade does not charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees billed by Teletrade are comparatively competitive. Consequently, you're billed more for non-trading actions in your trading account, like withdrawal and deposits. These are not about the purchase and sale of resources.
This Teletrade review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against Teletrade
|CFD Fees||No||Yes (0.1%)||No||Yes|
Teletrade Review - Withdrawal Fees Explained
Teletrade charges a withdrawal fee if you create a bank transfer. Every time you move money back into your bank account, these withdrawal fees become important.
Withdrawal of cash is possible at any time from the Teletrade account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to remember is that you don't necessarily need to have any money in your account.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Teletrade will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are opting to withdraw in.
Teletrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind while open an account with Teletrade. An inactivity fee is an amount charged to registered dealers that haven't engaged in purchasing or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee differs from one broker to another and is not standardized. If a dealers account does not have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders have to pay this fee under conditions and terms that they had agreed while registering.
Teletrade charges an inactivity fee if you don't make any trades for a while.
Even if no charges have been indicated by Teletrade, it's better for you to close the account if you're inactive. Inactivity fees aren't just charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the agent beforehand.
Teletrade Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation.
Teletrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Teletrade trading platform is easy. You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit large sums.
Teletrade Review - Compare Broker Deposit Methods
What Can You trade With Teletrade?
Note: Teletrade provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different based on the country of residence of the client.
Teletrade has a wide variety of over 221 instruments available for you to trade with.
If trading currency pairs is of interest to you then Teletrade offer over 60 currency pairs.
Compare Teletrade, IG, XM.com & Saxo Markets below.
Alternatives To Teletrade
If, after studying this Teletrade review, Teletrade doesn't quite meet your needs check out these Teletrade alternatives.
We have scoured the internet to find the best alternatives to Teletrade. Click the hyperlinks below to find out more.
Frequently Asked Questions about Teletrade
Can I try Teletrade before I buy?
Yes, you can most certainly try Teletrade before you buy. Teletrade offers demo accounts for the ease of new traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up to get a demonstration account on Teletrade, you will set out using a decent amount of virtual currency. It is to establish a sense of safety and confidence in you until you decide to spend your own money.
With this virtual Teletradedemo account, you are able to experiment in any way, to whatever period you wish. You can also start positions, test different trading strategies, and more.
Teletrade specifies on its official website that you are able to exchange real time stocks in a demo account.
Is Teletrade safe?
It is possible to drop all your worries since we believe that Teletrade is completely safe to use. It is in compliance with all the rules of Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Luckily, Teletrade does provide assured stop-loss protection.
Why does Teletrade ask for my passport?
The reason that Teletrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Teletrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Teletrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Teletrade?
The process to start trading withTeletrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Teletrade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Teletrade is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Teletrade.
The best way to kickstart your trading career with Teletrade is to open a demo account facility before risking any real money
What funding methods do Teletrade accept?
There are multiple methods to fund your account with Teletrade. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all country. The currencies Teletrade
Is my money safe with Teletrade?
Yes, your money is safe and protected with Teletrade. As you already know, Teletrade operates with good conformation to. It's established plenty of measures to guard all of its own investors.
Teletrade safeguards its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation that you access your accounts.
Is Teletrade trading good?
Yes, trading via Teletrade is a pleasant and good experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. In addition, you can also obtain access to a huge selection of educational resources and assistive material to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does Teletrade support?
Teletrade operates across the world. However, due to regulations there are some countries that Teletrade do accept clients from
Is Teletrade legit?
Teletrade is a legit company headquarted in Cyprus since 2008. They are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). Teletrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Teletrade a good broker?
Teletrade is an excellent broker, and its users can vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll find the clean design of this platform along with the admirable features that a pleasure to work with.
Is Teletrade a trustworthy broker?
Yes, Teletrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 50,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Teletrade?
The minimum deposit to open a live account with Teletrade is $100
How long do Teletrade withdrawals take?
Normally, withdrawal of money from Teletrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Teletrade to show in your bank account.
Are Teletrade regulated?
Teletrade are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Is Teletrade a market leading broker?
Teletrade is currently one of the industry leaders. It supports over 50,000+ registered users and over 13 years of experience on its own record. They're among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and broad selection of resources plus tools so you may put money into capital markets.
Is Teletrade a con?
No, Teletrade is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) and must adhere to their rules. Thus, it is safe to say that Teletrade is not a scam.
Can you make money with Teletrade?
Through Teletrade, many traders earn a great deal of money. However, typically, through consistent trading, you also can create between 2% - 10% profit a month.
This can look to be a little number, but over the year, this adds to a significant amount of gains. Even though Teletrade provide you all the tools to earn money, they cannot guarantee you will gain.
Does Teletrade have fees?
Yes. To begin trading with Teletrade, you need to deposit $100. Certain commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was Teletrade founded?
Teletrade was founded in 2008 in Cyprus. Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
How many people use Teletrade?
Teletrade is a globally recognised broker with 50,000+ clients.
Where is the Teletrade head office?
Teletrade has its head office in Cyprus
Does Teletrade offer negative balance protection?
Yes, Teletrade has Negative Balance Protection. It's specially offered when the industry volatility keeps clients from letting their accounts go in the red. In a situation like this, Teletrade provides the ability to reset a clients account balance to zero.
You are able to go through the critical stipulations on Teletrade's site to comprehend their policies better.
Does Teletrade offer guaranteed stop loss?
Yes, Teletrade offer a guaranteed Stop Loss order.
If there is no free margin left together with the customer, Teletrade will stop your positions. When the losses in the ceased out location exceeds your account balance, you may experience a negative account balance.
Does Teletrade allow scalping?Yes, Teletrade do allow scalping. Many traders across the world choose Teletrade due to their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) which allow this.
Does Teletrade allow hedging?
Yes, Teletrade does allow hedging.
Can you trade energies with Teletrade?
Yes, you can trade energy stocks with Teletrade
Can you trade agricultural shares with Teletrade?
No, unfortunately you cannot trade agricultural stock with Teletrade
Can you trade cryptocurrency with Teletrade?
Yes, you can trade cryptocurrency with Teletrade
Can you trade metals with Teletrade?
Yes, you can trade metals with Teletrade
Can you trade UK Shares with Teletrade?
Yes, you can trade UK shares with Teletrade
Can you trade US Shares with Teletrade?
Yes, you can trade US shares with Teletrade
Can you trade Japanese Shares with Teletrade?
No, unfortunately you cannot trade Japanese shares with Teletrade
Can you trade German Shares with Teletrade?
Yes, you can trade German shares with Teletrade
Does Teletrade accept bank transfers?
No, Teletrade does not accept bank transfers.
Does Teletrade accept credit cards?
No, Teletrade does not accept credit cards.
Does Teletrade accept PayPal?
No, Teletrade does not accept PayPal.
Does Teletrade accept Skrill?
Yes, Teletrade accepts Skrill for depositing money.
Does Teletrade accept Payoneer?
No, Teletrade does not accept Payoneer.
Does Teletrade accept Neteller?
Yes, Teletrade accepts Neteller for depositing money.
Does Teletrade offer Live Chat customer support?
Yes, Teletrade offers customer support through live chat.
Does Teletrade offer phone customer support?
Yes, Teletrade offers customer support over the telephone.
Does Teletrade offer email customer support?
Yes, Teletrade offers customer support through email.
What languages can Teletrade communicate in?
Teletrade has the ability to communicate and support customers who speak: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Does Teletrade have a wikipedia page?
No, Teletrade does not have an official wikipedia page.
Does Teletrade offer demo accounts?
Yes, Teletrade offers demo accounts so you can learn their systems before risking any real money.