Overview
A forex and CFD broker founded in 1994 with a very long history in the forex industry is TeleTrade. TeleTrade presents a total package of trading opportunities, a very competitive spread in the market, and also with various account types. TeleTrade's office is in Cyprus, and it has an international reach because institutional and retail clients use its services. TeleTrade boasts of user-friendly platforms and quality educational materials, making it a trustworthy place to trade for both novices and experts.
- Founded
- 1994
Strengths and watchouts
- Tight spreads
- A wide range of deposit and withdrawal methods
- Diversity of financial assets
- An extensive set of analytical tools
- Quality customer support
- High commission on ECN and NDD accounts
- High swaps
- Long withdrawal request processing time
- Lack of educational materials other than articles
Safety and regulation
TeleTrade is regulated by CySEC and also by MiFID II legislation of the European Union which brings about transparency and protection to the trader's system. The safety measures provided by the broker include:
- Segregated Accounts: Client-affiliated funds to keep broker funds separate from the operational accounts. Trader insolvency will be protected up to €20,000 by the investor compensation fund (ICF).
- Secure data access and transmission, since they utilize encryption protocols.
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- Indices
- Stocks
- Commodities
- ETFs
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| NDD | $0 | 0.8 | 1:1 to 1:500 |
| Invest | $0 | 0.0 | — |
| ECN | $0 | 0.2 | 1:1 to 1:500 |
| CENT | $0 | 0.8 | 1:1 to 1:500 |
Fees and costs
The fees and commissions are quite interesting with TeleTrade:
Trading platforms
- MetaTrader 4 (MT4)
Offers accessible charting tools, technical indicators, and algorithmic integration.
web - MetaTrader 5 (MT5)
Advanced features like an economic calendar, offering more asset classes.
web - TeleTrade MobileFX
iOS and Android apps make the above platforms mobile.
mobile
Deposits and withdrawals
- Deposits may come without any fee
- but the withdrawal will depend on the payment method.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Does TeleTrade have internationally known traders under their wing?
What can be understood from trading platforms?
What is the lowest account deposit?
Reader reviews
DAAVILE HF
Feb 9, 2025
Steer clear of this platform at all costs. Copy FX operates like a scam. They deduct funds from client accounts as soon as profits are realized, but those funds never seem to reach the investors. Their customer support is incredibly slow, taking days to respond, and I still have unresolved tickets from August! Even cryptocurrency withdrawals take up to a week, which is ridiculous since crypto transactions are supposed to be quick and not tied to business days. For instance, a bank transfer with RoboForex took just 10 seconds, whereas TeleTrade can't even process a crypto withdrawal in a single day. This is a massive scam, and by using this broker, you're inadvertently supporting Russia against Ukraine, as they exploit clients and funnel money to support war efforts. I've filed complaints with regulatory bodies, and I urge everyone to avoid this broker and report them to regulators to help shut down these fraudulent operations.
Gabriela
Feb 8, 2025
I want to express my gratitude to Teletrade for helping me close this year on a high note with significant profits. The courses they offered were incredibly beneficial, and the support from the entire team was invaluable. I'm ending the year on a positive note and look forward to continuing our collaboration. Thank you, Teletrade!
Clara Ng
Feb 7, 2025
2/1: If you're reading this before investing or setting up a trading account with TeleTrade, consider yourself fortunate. I've been with them for two years, even paid extra for their VIP group and installed their so-called automated trading robot. Unfortunately, I ended up losing a significant portion of my investment. The broker provides signals supposedly to increase our earnings, but in reality, they led to losses in the stock market. Whenever I questioned them, they simply blamed the market, never admitting any fault. I'm writing this review to spare others from the distress I've experienced. I've been trying to withdraw the remaining funds from my account, but my requests have been repeatedly denied without a valid explanation, leaving my money trapped. This has been the worst investment decision of my life. 9/30: I noticed your response below, and it's amusing that you claim you can't find my account, yet your agent promptly called me after seeing my review. I was instructed to open two accounts to separate my investments in stocks and forex. One of my account numbers is 941818; the other I can't recall because it was wiped out. Initially, Louis managed my account and it slowly generated profits. However, after Louis left, Hussain took over and recommended installing a "robot" for automated trading, which resulted in losing most of my funds within just a week! I have kept all the receipts for the payments made for this robot. I'm providing these updates to prove the truth of my experience compared to other misleading reviews out there.
Showing 1–3 of 10 reviews