Teletrade Guide – Read our In-Depth Teletrade Review
Teletrade Rating: 5.97 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll get adept at all of the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program will generate hefty returns. Teletrade is just one such platform which will take you along with your investment to great heights. It's crucial that you know all about Teletrade before you trust them with your cash.
Teletrade Guide – Brief Summary
Teletrade Telephone Number:
Teletrade Email Address:
Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Number Of Clients:
50,000+ Teletrade users and traders
Teletrade Facebook Likes:
Teletrade Twitter Followers:
Teletrade Instagram Followers:
Your capital is at risk
|Teletrade Telephone Number:|
|Teletrade Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)|
|Number Of Clients:||50,000+ Teletrade users and traders|
|Teletrade Facebook Likes:||0|
|Teletrade Twitter Followers:||0|
|Teletrade Instagram Followers:||0|
Your capital is at risk
Our full Teletrade Review covers all you need to learn about trading with Teletrade. A good agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; therefore, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
Teletrade is a broker which has found its way successfully into the brokerage world. Within this review, we have attempted to collate some of the vital aspects of Teletrade. This review can allow you to know whether Teletrade is a fantastic match for your investments or not. We've tried to breakdown all the qualities 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?
- Teletrade Risk Disclaimer
- 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?
- Teletrade Customer Support
- Alternatives To Teletrade
- Frequently Asked Questions About Teletrade
Who are Teletrade?
Teletrade is a forex broker headquartered in Cyprus and provides a variety of tools for online trading. Since its establishment in 2008, Teletrade has emerged as a top-tier player in the industry of online broker. Teletrade has an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, stocks and commodities.
Over the past 13 years, Teletrade has grown into one of the leading online brokers.
After launching in 2008, their customer base is becoming as large as 50,000+ clients.
Teletrade is a favourite of many dealers.. Our Teletrade review found that they're an excellent choice for automated trading solutions. They're most appropriate for investors that are searching for an assortment of assets. Social and automated trading options are the core at Teletrade.
Technology plays a substantial role at Teletrade. Teletrade features trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android). Teletrade is honest, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Teletrade is very enlightening for new dealers since it allows them to have a closer look at the financial markets. Teletrade caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online 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.
Everything you ought to know about trading with Teletrade
Teletrade is a dynamic platform that offers various methods of online trading. These tools cover the monetary markets substantially. Most of the broker platforms offer fewer methods than Teletrade
If you would like to trade with Teletrade, you will require a minimum deposit of $100. This deposit is compulsory if you would like to begin trading using Teletrade. This 2021 Teletrade review will guide you clearly about trading with them.
Teletrade is as flexible as any other broker platform. Teletrade is excellent for traders who want a manageable range of low-cost services. The platforms offered by Teletrade are third-party, white-label offerings. All traders may pick from MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android).
Along with everything, Teletrade has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction must be kept open. The brokers provide premium customer service that rewards clients with advantages.
Many unprofessional brokers try to pressurise users into larger financing for superior services. Teletrade, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
Teletrade accounts are available all over the world and provides outstanding 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:
BR, KR, IR, IQ, SY, JP, US
Is Teletrade Safe To Trade With?
Launched 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 maintain investor's assets secured. This usually means that Teletrade users don't need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of an option for Two Factor Authentications (2FA) with Teletrade for heightened safety. An SMS with the verification code will be sent to your phone. You will be required to input this code to log in to your accounts.
Another concern with fiscal brokers with regards to security may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.
Teletrade Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Teletrade
Every online trading platform will have a few pros and cons 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 has low minimum deposit requirements
- Teletrade doesn't charge withdrawal fees
- Teletrade doesn't charge inactivity fees
- Teletrade doesn't charge deposit 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 does not offer Negative Balance Protection
- Teletrade does not offer Guaranteed Stop Loss
- Teletrade charge CFD fees
- Teletrade doesn't offer social trading
- Teletrade doesn't offer copy trading
- Teletrade doesn't offer trailing stop
Teletrade Review - Compare Brokers Similar To Teletrade
|Rating||5.97 / 10||1.01 / 10||6.28 / 10||4.2 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Unregulated||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F243|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
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 company, has a strong collection of rules for ensuring fair trading on its platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Teletrade Review - AwardsAt the time of writing this Teletrade review, and despite Teletrade’s impressive offering, the company has surprisingly not garnered any other awards to date.
Teletrade Trading Platforms
Teletrade are a reputable trading platform that has been open for over 13 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any reputable brokerage and compare Teletrade with Corner Trader, Intertrader, and fxglobe
Teletrade Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Teletrade is $100. This is a decent amount for people just starting out. It's possible to make more advanced residue as you cooperate. However, make certain you know how to make the most of your cash before investing in larger amounts.
Teletrade Review - Commission And Fees Explained
Teletrade is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three types of penalties for this objective.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you're spending a spread, financing rate, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those who are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They're charged for services like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Teletrade does not charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by Teletrade are comparatively higher. Consequently, you are billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.
This Teletrade review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Teletrade
Teletrade Review - Withdrawal Fees ExplainedTeletrade doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your Teletrade account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily have to have any money on your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn cash will be sent into the card. Teletrade will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to withdraw in.
Teletrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with Teletrade. An inactivity fee is an amount charged to registered traders that have not engaged in purchasing or selling for some time. The period regarded as inactive is determined by the broker.
The inactivity fee differs from one agent to another and isn't generalized. If a traders account doesn't have a buying or selling trade, it is maintained by the agent as an inactivity fee. The traders have to pay this fee under conditions and terms that they had agreed while enrolling.
Teletrade doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges have been implied by Teletrade, it's best that you close the account if you're inactive. Inactivity fees aren't just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to a lot of conditions and should be disclosed clearly by the broker beforehand.
Teletrade Review - Deposit Fees Explained
When you transfer money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents don't charge too much 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 have to complete a single-user profile survey to start depositing money into your trading account. You'll have to give an identity proof and evidence of residency to deposit large amounts.
Teletrade Review - Compare Broker Deposit Methods
What Can You Trade With Teletrade?
Note: Teletrade offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ 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, Corner Trader, Intertrader & fxglobe below.
Reviewing The Teletrade Mobile App
Note: Teletrade's mobile app has a lot of functions and is being constantly developed. The below information was accurate at the time of writing this Teletrade review.
Understand the capabilities of the mobile apps of Teletrade, Corner Trader, Intertrader & fxglobe below.
Teletrade Customer Support
While collating our Teletrade review we looked at the customer service options including response times, and the Teletrade trading platform issue solution effectiveness. Teletrade supports a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Teletrade Live Chat Support
We tried the Teletrade and it works well. We have sent messages via Teletrade livechat through their app and website and got a reply in less than 20 seconds. Sometimes there was no response.
We have tested communication through Teletrade support in a variety of languages across multiple countries. Teletrade were successful in resolving client's issues.
Teletrade Phone Support
We made a call to Teletrade and the call was answered very promptly. The call was answered within less than 5-10 minutes.
The Teletrade phone support team was able to successfuly answer our questions and issues over the phone. We tried the multilingual Teletrade team by making calls in various languages. Teletrade made an effort to ensure that our questions were addressed.
The overall phone support provided by Teletrade was good.
Teletrade Email Support
We sent several messages to Teletrade and the response times were all excellent. The fastest email response time from Teletrade was 2 hours and the slowest response was 12 days! Sometimes , there wasn't a response. Support response times can vary depending on what is needed from Teletrade, however we have had this experience sending out 10 emails at different times.
The team resolved and answered our questions. The overall average of email support provided by Teletrade was outstanding.
Alternatives To Teletrade
If, after studying this Teletrade review, they don't quite meet your requirements check out these Teletrade alternatives.
We've scoured the web to find the best alternatives to Teletrade. Click the hyperlinks below to learn 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 beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register to get a demo account on Teletrade, you will set out with a decent amount of virtual money. It is to establish a sense of security and confidence in you before you choose to spend your own money.
With this virtual Teletradedemo account, you are able to experiment in any way, to whatever period you wish. You might also open positions, examine different trading strategies, and much more.
Teletrade specifies on its official website that you are able to exchange real time stocks in a demo account.
Is Teletrade safe?
You can drop all your worries because we believe that Teletrade is totally 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).
Nevertheless, Teletrade does not 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 account with Teletrade is $100. You should have a good understanding of 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 a number of ways to fund your accounts with Teletrade. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal is not available in all place. The currencies Teletrade
Is my money safe with Teletrade?
Yes, your money is safe and protected with Teletrade. As you already know, Teletrade works with proper conformation to. It has established plenty of measures to guard all of its investors.
Teletrade protects its customers' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to empower Two-Step Verification also. It takes an SMS confirmation for you to get your account.
Is Teletrade trading good?
Yes, trading through Teletrade is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you could also gain access to a vast collection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does Teletrade support?
Teletrade operates across the globe. However, due to regulations there are some countries that Teletrade can't accept clients resident in BR, KR, IR, IQ, SY, JP, US
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 a great broker, and its users may vouch for this. The highlight of this platform is its fast order execution on transactions.
You will find the clean layout 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 indisputably one of the business leaders. It has over 50,000+ registered users and over 13 years of experience on its record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide range of resources plus tools so you may invest in 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 make a lot of cash. But on average, through consistent trading, you can make between 2% - 10% profit a month.
This may seem to be a small number, but over the year, this adds to a substantial amount of gains. Even though Teletrade supply you all the tools to earn money, they cannot guarantee you will profit.
Does Teletrade have fees?
Yes. To begin trading with Teletrade, you have to deposit $100. Certain commissions while trading additionally applies. Any processing fees from your bank will need 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 agent with 50,000+ clients.
Where is the Teletrade head office?
Teletrade has its head office in Cyprus
Does Teletrade offer negative balance protection?
No. Teletrade does not provide negative balance protection. If your balance is negative, Teletrade suggests you contact customer services. With this, you are able to correct any imbalances within your own account.
Does Teletrade offer guaranteed stop loss?Teletrade regrettably, doesn't offer guaranteed stop loss. Teletrade gives an opportunity for its dealers to close their trade at their given price. Apart from that, Teletrade doesn't offer guaranteed stop loss.
Does Teletrade allow scalping?Yes, Teletrade do allow scalping. Several traders throughout the world select Teletrade for their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) which let 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?
No, unfortunately you cannot 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 test your trading strategies before risking any real capital. New traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.