WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

TeleTrade

Latvia|5-10 years|
Belarus Retail Forex License Revoked|High potential risk|

https://www.teletrade.eu/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

TopMarketsSolutions-Demo

Germany
MT4
18

Influence

B

Influence index NO.1

Romania 6.35
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

18
Server Name
TopMarketsSolutions-Demo MT4
Server Location Germany

Influence

Influence

B

Influence index NO.1

Romania 6.35

Surpassed 24.50% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 22314160
support@teletrade.eu
https://www.teletrade.eu/
88, Arch. Makarios Avenue, CY-1077 Nicosia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 22314160

Other ways of contact

Broker Information

More

Company Name

Top Markets Solutions Ltd

Abbreviation

TeleTrade

Platform registered country and region

Latvia

Company website
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • BelarusNBRB (license number: Unreleased) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 158/11) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

TeleTrade · WikiFX Survey

Users who viewed TeleTrade also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

Exness

8.30
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

Decode Global

8.64
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website
Sources
Language
Mkt. Analysis
Creatives

TeleTrade · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

TeleTrade Review Summary in 10 Points
Founded 1994
Registered Country/Region Cyprus
Regulation CYSEC
Market Instruments Forex, CFDs on metals, indices, energy, shares, cryptocurrencies and commodities
Demo Account Available
Leverage 1:500
EUR/ USD Spreads 0.2 pips
Trading Platforms MT4, MT5
Minimum Deposit $100
Customer Support Phone, email, social media

What is TeleTrade?

Teletrade (EU) is an award-winning EU-authorized and regulated retail broker, part of the Teletrade Group, which was founded in 1994. The company operates in the European market under the EU Markets in Financial Instruments Directive (MiFID) and is licensed by the Cyprus Securities. TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC).

When it comes to account types, TeleTrade offers a range of options to suit the needs of different traders. Additionally, it offers a demo account option for traders who want to test their trading strategies before opening a live account. TeleTrade customers have access to a wide range of financial markets. The company also provides a range of tools, and analysis to help traders make informed decisions.

TeleTrade's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • Range of account types and trading products available
  • Limited support for cryptocurrencies
  • Analysis tools provided
  • Limited customer support availability outside of office hours
  • Demo account option for testing strategies
  • Possible delays in withdrawal processing during peak times
  • Strong commitment to customer support
  • Not live chat provided

TeleTrade Alternative Brokers

There are many alternative brokers to TeleTrade depending on the specific needs and preferences of the trader. Some popular options include:

  • OctaFX - A leading online trading broker with a user-friendly platform and low trading costs, making it ideal for beginner traders.

  • Tickmill- A reliable and reputable trading broker with competitive spreads and a wide range of trading instruments, making it a good choice for experienced traders.

  • Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.

Is TeleTrade Safe or Scam?

TeleTrade is regulated by Cyprus Securities and Exchange Commission (CYSEC, No. 158/11). Based on the information available, TeleTrade appears to be a reliable and trustworthy broker. It is regulated by reputable authority, has been in operation for several years, and has received positive reviews from many customers.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

CYSEC license

Market Instruments

TeleTrade offers a variety of trading instruments across different asset classes, including Forex, metals, indices, energy, shares, cryptocurrencies, commodities

  • Forex

TeleTrade provides access to various major currency pairs like EUR/USD, GBP/USD, USD/JPY, and more. These currency pairs enable traders to speculate on the future price movements of currencies and potentially earn profits from their trades.

  • Metals

Gold and silver are two of the most popular metals to trade, and TeleTrade provides access to both. Gold and silver are often used as safe-haven assets, which means that their value tends to increase during times of economic uncertainty. Traders can use this to their advantage by buying these metals when the market is volatile and selling them when the market stabilizes.

  • Indices

An index is a group of stocks that represent a particular market or sector. TeleTrade provides access to a variety of popular indices like the S&P 500, Dow Jones Industrial Average, and more. These indices allow investors to trade a basket of stocks, providing them with greater diversification and potentially lower risk.

  • Energy

The energy market has the potential to be highly volatile, making it an attractive trading instrument for risk-tolerant investors. Additionally, TeleTrade offers shares trading on major stock markets such as the New York Stock Exchange and Nasdaq.

  • Cryptocurrencies

Cryptocurrencies like Bitcoin, Ethereum, and Litecoin have gained popularity in recent years and provide traders with yet another way to invest their money. Cryptocurrencies are relatively new and highly volatile, making them a higher risk investment option.

Overall, TeleTrade offers a diverse range of trading instruments across different asset classes, giving traders a variety of options to choose from when building their portfolios.

Market Instruments

Accounts

TeleTrade offers four live account types including Sharp ECN account, NLT account, NDD account and Standard account with the minimum deposit requirement of $100 each.

  • Sharp ECN Account

The Sharp ECN account provides investors with access to trading on the widest range of financial instruments on platforms. It is suitable for experienced traders.

Sharp ECN Account
  • NLT Account

The NTL account provides investors with access to trading CFDs on leading stocks and ETFs from exchanges around the world with no leverage. Some of the most tradable shares in the world, including Apple Computer Inc. and Netflix Inc., and ETFs like the SPDR S&P 500 ETF, can become part of your CFD investment portfolio with this account.

NLT Account
  • NDD Account

The NDD account provides investors with access to trading on the widest range of financial instruments on the MT4 platform.

NDD Account
  • Standard Account

The Standard account provides investors with access to standard lots on the widest range of Forex and CFD instruments available on the MT4 platform. The Standard Account is the most suitable account type for most traders.

Standard Account

Leverage

Maximum leverage of 1:500 is available for professional clients. Otherwise, leverage limits for retail client range between 1:2 and 1:30 depending on the asset traded. Margin requirements are provided on the website.

Leverage is a powerful tool that allows traders to amplify their positions and potentially earn greater profits from their trades. TeleTrade offers a maximum leverage of 1:500, which means that traders can control positions that areup to 500 times their initial investment.

The advantage of using leverage is that it allows traders to increase their exposure to the market without requiring significant capital. For example, if a trader wants to buy 100,000 units of a currency pair and the price is currently $1 per unit, they would need $100,000 to make the purchase. However, with the maximum leverage of 1:500 offered by TeleTrade, the trader could enter the same position with only $200. This provides greater flexibility in trading and allows traders with smaller account balances to participate in the market.

However, it's important to note that leverage can also magnify losses. Traders need to be extremely careful when using leverage and it's vital to have a solid risk management strategy in place.

Spreads & Commissions

TeleTradeoffers the spread from 0.2 pips for all accounts. Besides, commission vary according to the different accounts.

Sharp ECN accounts, NDD accounts and Standard accounts charge commissions while having no additional markups on spreads and rely on Market Execution. NLT account charge no commission.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
TeleTrade 0.2 pips Variable
OctaFX 0.3 pips None
Tickmill 0.1 pips $2 per lot
Axi 0.4 pips None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Teletrade offers traders the world's leading and popular MT4 and MT5 platforms available for mobile (iOS and Android), web and desktop versions.

The MetaTrader 4 (MT4) platform is widely considered the gold standard for online trading platforms. It offers a user-friendly interface, advanced charting tools, and a wide range of technical analysis indicators.

The MetaTrader 5 (MT5) platform is the successor to the MT4 platform and offers even more advanced trading features. This platform offers an improved interface, superior charting tools, and a larger selection of technical analysis indicators. MT5 also provides traders with access to more timeframes, enabling them to analyze market movements in more detail.

Overall, TeleTrade's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform
TeleTrade MT4,MT5
OctaFX MT4, MT5, cTrader
Tickmill MT4,MT5
Axi MT4

Trading Tools

TeleTrade offers market news, quotes, opinions, technical analysis, interactive chart, interest rates, economic holiday and calendar.

- Market news: Access to the latest market developments and trends to help traders stay informed of any important news that may impact trading activity.

Market news

- Quotes: Real-time quotes on a variety of currency pairs and other financial instruments, providing traders with valuable market insights.

Quotes

- Opinions: Expert market opinions and analysis to help traders stay ahead of the curve and make informed trading decisions.

Opinions

- Technical analysis: A variety of technical analysis tools to help traders identify key market trends and potential trading opportunities.

Technical analysis

- Interactive chart: A chart that allows traders to analyze the market movements and patterns in real-time.

Interactive chart

- Interest rates: Access to current interest rates, which can impact the value of currencies and stocks, and may affect trading decisions.

Interest rates

- Economic calendar and holiday schedule: Up-to-date information on upcoming market events and holidays that can help traders make informed trading decisions and stay ahead of the competition.

Economic calendar

In summary, TeleTrade provides a range of tools and resources to help traders navigate the forex market effectively.

Deposits & Withdrawals

The company welcomes several convenient and withdrawal methods, mainly wire transfer (for EUR, USD), VISA/MASTERCARD credit or debit card (for EUR, USD, 3.5% commission for deposit and 2.35% + 1 EUR/$1.30 commission for withdrawal), NETELLER (for EUR, USD, 3.9% commission for deposit + 0.29 USD and 1 EUR/$1.30 commission for withdrawal), and NETELLER (for EUR, USD, 3.9% commission for deposit and 1.29 USD commission for withdrawal). + $0.29 commission, withdrawal charges 2% fee), Skrill (supports EUR, USD, deposit charges 2.9% commission, withdrawal charges 1% commission), fasapay (supports USD, deposit charges 0.5% fee, up to $5, withdrawal charges 0.5% fee).

Deposits & Withdrawals

TeleTrade's minimum deposit vs other brokers

TeleTrade Most other
Minimum Deposit $100 $100

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw, scams and severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Live chat service is considered as the best way to reach customer support ; the chat logo at the top of the website will take you through to the online assistant service, which is fast and helpful. Alternatively, you can contact the broker via their email or telephone number. There are also additional EU support offices located in Portugal, Hungary, Italy, and Poland.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: (+357) 22314160

Email: support@teletrade.eu

Address: 88 Archiepiskopou Makariou III, 1077 Nicosia-Cyprus (office hour: Monday - Friday: 9:00 - 18:00)

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, YouTube and Linkedin.

Twitter: https://twitter.com/TTMarketNews_eu

Facebook: https://www.facebook.com/TeleTradeEU

Instagram: https://www.instagram.com/teletradeeu/

YouTube: https://www.youtube.com/user/TeleTRADEEU

Linkedin: http://www.linkedin.com/company/3356110

Overall,TeleTrades customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Customer Service

Pros and cons of customer service of TeleTrade:

Pros Cons
  • Reliability and responsiveness
  • Limited office hours, may not be available on weekends
  • Multiple ways to contact (phone, email, social media)
  • Positive customer reviews

Conclusion

Overall, TeleTrade is a well-regulated financial services company that offers a broad range of trading products, educational resources, and customer support options. The company provides a variety of account types to suit different trader needs and operates under the regulatory oversight of major financial institutions in multiple jurisdictions, providing an additional level of safety and security for traders.

TeleTrade's trading tools are resourceful, making it a good option for traders looking to improve their skills and knowledge. The company's customer support is also generally regarded as reliable and responsive, with multiple channels available for traders to seek assistance.

In conclusion, TeleTrade is a reputable financial services company that is well-regulated and provides a strong range of trading products, education, and customer support options.

Frequently Asked Questions (FAQs)

Q 1: Is TeleTrade regulated?
A 1: Yes. It is regulated by CYSEC.
Q 2: Can I open a demo account with TeleTrade?
A 2: Yes.
Q 3: Does TeleTrade offer the industry leading MT4 & MT5?
A 3: Yes. It supports MT4 and MT5.
Q 4: What is the minimum deposit for TeleTrade?
A 4: The minimum initial deposit to open an account is $100.
Q 5: Is TeleTrade a good broker for beginners?
A 5: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

News

US Dollar Index Price Analysis: DXY remains pressured towards 96.00

NewsUS Dollar Index Price Analysis: DXY remains pressured towards 96.00

2022-03-10 17:18

US Dollar Index (DXY) remains on the back foot around 96.10, down 0.06% intraday, during early Monday.

WikiFX
2022-03-10 17:18
News
US Dollar Index Price Analysis: DXY remains pressured towards 96.00

Review 18

18 Comments
Write a comment
All(18) Latest Positive(1) Neutral(1) Exposure(16)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com