TeleTrade Review 2024 (Expert Review)

TeleTrade Review Summary

TeleTrade offers multi-accounts and is regulated by CySEC, which ensures that their capital is adequate and that they maintain client funds in reputable European banks. The firm also uses strict risk management and monitoring procedures to ensure that you do not experience losses that are more than your investment. If you are new to the online brokerage industry, you should consider TeleTrade. The firm offers 24-hour customer support. The support staff is helpful and friendly, and they answer questions quickly.

TeleTrade review
TeleTrade Platform Features

TeleTrade main features and highlights
๐Ÿ—บ๏ธ Country of regulation Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee Yes
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 100
๐Ÿ•– Time to open a TeleTrade account 1-3 Days. *A TeleTrade demo account can be opened in a few minutes, but live TeleTrade trading account creation times will vary depending on how long it takes to process your TeleTrade KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 1
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

TeleTrade review
TeleTrade Financial Regulation

TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

TeleTrade review
TeleTrade Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using TeleTrade include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using TeleTrade can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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TeleTrade Advantages

One of the main advantages of using TeleTrade is around the clock service and support as well as research offerings. Not only this, but TeleTrade has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of TeleTrade with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with TeleTrade makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. TeleTrade offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • TeleTrade has been in business over 10 years.
  • TeleTrade offers Stock Trading.
  • TeleTrade offers Cryptocurrency Trading (Availability subject to regulation).
  • TeleTrade offers Neteller as a payment method.
  • TeleTrade offers Skrill as a payment method.
  • TeleTradeoffers Islamic Accounts.
  • TeleTrade offers Bitcoin Trading.
  • TeleTrade offers Spread Betting.
  • TeleTrade offers Hedging.
  • TeleTrade offers Scalping.

TeleTrade review
TeleTrade Disadvantages

Although TeleTrade has a lot of good points TeleTrade does not offer the below.

TeleTrade Review Risk Warning: Your capital is at risk.

TeleTrade Review

TeleTrade review
Things to understand when trading with TeleTrade

Online trading on trading platforms like TeleTrade have seen huge growth in the last 3 years. Trading with TeleTrade requires that you take the time to learn how financial markets work and are able to trade with TeleTrade using in depth technical analysis and TeleTrade risk management trading tools. Trading with TeleTrade involves risk. You should only risk capital with TeleTrade that you can afford to lose. Understand your risk tolerance with TeleTrade, and have a trading strategy that TeleTrade is able to help you execute. TeleTrade is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments TeleTrade give you access too.

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TeleTrade Trading Fees

Trading fees on TeleTrade are taken in the form of the spreads TeleTrade offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on TeleTrade. TeleTrade fees vary depending on the financial instruments traded and can include, TeleTrade overnight funding fees, spreads, margins and TeleTrade inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your TeleTrade account charged by your 3rd party payment provider if your TeleTrade base currency is different from your TeleTrade withdrawal method.

NameTeleTradeIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesvariesNoYes
Deposit FeesNo
Inactivity FeeYesNoNo
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Losses can exceed deposits
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Losses can exceed deposits

TeleTrade review
TeleTrade Financial Instrument Fees

TeleTrade fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

TeleTrade review
TeleTrade Stock Trading Fees

The majority of TeleTrade trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A TeleTrade stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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TeleTrade Forex Fees

Commission on TeleTrade Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for TeleTrade Forex fees is based on their trade size. To calculate TeleTrade Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

TeleTrade review
TeleTrade Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. TeleTrade cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. TeleTrade cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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TeleTrade Non Trading Fees

TeleTrade non-trading fees include a variety of TeleTrade brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the TeleTrade trading platform. The most common non-trading fees include TeleTrade withdrawal fees, TeleTrade deposit fees and TeleTrade inactivity fees.

TeleTrade review
TeleTrade Deposit Fees

TeleTrade does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, TeleTrade does not do this.

TeleTrade review
TeleTrade Inactivity Fees

TeleTrade does charge clients an inactivity fees for dormant TeleTrade trading accounts. A TeleTrade inactivity fee is a sum charged on TeleTrade brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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TeleTrade Withdrawal Fees

TeleTrade does charge TeleTrade clients small withdrawal fees. Withdrawals fees vary between TeleTrade and TeleTrade alternatives depending on where you are located and how much money you are withdrawing.

TeleTrade review
TeleTrade Account Fees

TeleTrade does not charge account fees. Account fees charged differ between TeleTrade and other brokers. An account is a fee that TeleTrade and other brokers assesses on all accounts for the ability to keep an account on their platform.

TeleTrade review
TeleTrade Account Opening

The TeleTrade account registration process is simple, user-friendly, and quick. Within 1-3 Days most TeleTrade trading accounts are ready for live trades. Our TeleTrade account was validated in 1 day, but live TeleTrade trading account verification times will vary depending on the time it takes to process your KYC documents and TeleTrade trading account application. A TeleTrade demo account can be opened in a few minutes.

TeleTrade trading accounts are available in over 193 countries. TeleTrade is restricted in the following countries.

Apart from the restricted countries a TeleTrade trading account can be opened globally.

The TeleTrade trading platform is available for residents in US. Some financial instruments TeleTrade offer may be restricted in your country.

  • Fast TeleTrade account opening.
  • TeleTrade accounts can be opened and KYC can be verified digitally.
  • TeleTrade minimum deposit is 100 USD / GBP / EURO.
  • TeleTrade trading account verification may be held up for longer than a day if there is an issue with verifying your account.

TeleTrade review
TeleTrade Deposit And Withdrawal

TeleTrade Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by TeleTrade as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

TeleTrade offers the following account GBP, USD, EURO.

When trading make sure your TeleTrade trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. TeleTrade has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameTeleTradeIC MarketsRoboforex
Number Of CurrenciesYes104
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Losses can exceed deposits
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Losses can exceed deposits

TeleTrade review
TeleTrade Deposit Fees and Deposit Methods

Investors can log in to their TeleTrade trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their TeleTrade trading accounts from an existing bank account or send the funds through a wire transfer or online check.

TeleTrade Deposit Fees

Making a deposit on your TeleTrade account is free.

TeleTrade Deposit Methods

There are several methods through which you can deposit money into your TeleTrade account. One can use a credit or debit card and TeleTrade accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your TeleTrade account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your TeleTrade account. Funding methods for TeleTrade include MoneyBookers, Skrill, Visa, Mastercard, Neteller, Internal Transfer, China Unionpay,.

TeleTrade review
TeleTrade Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your TeleTrade brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open TeleTrade positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your TeleTrade account.

NameTeleTradeIC MarketsRoboforex
Funding MethodsMoneyBookers, Skrill, Visa, Mastercard, Neteller, Internal Transfer, China Unionpay,Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Withdrawal FeevariesNoYes
Deposit FeeNoVariesNo
riskwarningTry Now

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Losses can exceed deposits
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Losses can exceed deposits

TeleTrade Fees When Withdrawing Your Account Balance

TeleTrade do not charge withdrawal fees. Some withdrawal fees are out of the control of TeleTrade and may be due to 3rd party payment providers and your account base currency.

TeleTrade Withdrawal Methods

Log into your TeleTrade trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your TeleTrade account to your bank account. To withdraw money from your TeleTrade account you can use credit or debit cards. TeleTrade processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as TeleTrade processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

TeleTrade review
TeleTrade Trading Platforms

As there are a number of tradable financial instruments available on the TeleTrade trading platform. Before investing in the TeleTrade platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The TeleTrade platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. TeleTrade offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on TeleTrade is available. Another thing to consider is your financial goals. Make sure that a TeleTrade account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a TeleTrade account. Ensure that TeleTrade allows you to focus on the type of trading that you want to focus on.

Make sure TeleTrade is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using TeleTrade, think about how easy it is to use for your personal needs. Does the TeleTrade platform offer real-time updates or delayed updates that are more informed? Remember to check if TeleTrade is well regulated, and what tradeable financial instruments TeleTrade has. Security is very important when it comes to trading with TeleTrade.

TeleTrade Web Trading Platform

A TeleTrade web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through TeleTrade which acts as a financial intermediary. TeleTrade is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the TeleTrade mobile trading platform.

TeleTrade Apple IOS Trading Platform

A TeleTrade iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

TeleTrade Google Play Android Trading Platform

A TeleTrade Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

TeleTrade review
TeleTrade Mobile Trading User Experience

TeleTrade mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. TeleTrade mobile trading refers to trading using a mobile phone.

Leading brokerages like TeleTrade offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire TeleTrade portfolio. All an investor needs is a Web-enabled smartphone and a trading account with TeleTrade. Once you have download the TeleTrade trading app, you are ready to begin.

TeleTrade review
TeleTrade Desktop Computer Trading Platform

A TeleTrade computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The TeleTrade desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The TeleTrade desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

TeleTrade MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

TeleTrade MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

TeleTrade PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using TeleTrade. A trading computer with access to a TeleTrade PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

TeleTrade Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the TeleTrade trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the TeleTrade trading platform is very user friendly on a Mac device.

TeleTrade review
TeleTrade Trading Look And Feel

The TeleTrade user interface (UI) is what TeleTrade traders will see and interact with first when trading with the TeleTrade trading platform. The TeleTrade is well designed. The goal of the TeleTrade trading UI is to make the TeleTrade user's experience intuitive. The TeleTrade application has good user experience and a good level of customer satisfaction.

TeleTrade Security

TeleTrade is a secure trading platform. TeleTrade offers traders security via 2 factor authentication, SSL encription when trading with TeleTrade. TeleTrade trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with TeleTrade. Rate limitation on TeleTrade suspicious account activities is another layer of protection that is provided for TeleTrade trading accounts, for example multiple failed login attempts with TeleTrade. You have the option to further safeguard your account by using TeleTrade Two-Factor Authentication (2FA), which provides an extra layer of security.

The TeleTrade trading infrastructure is constantly watched and guarded by a trained team at TeleTrade In addition, TeleTrade never send sensitive information without first encrypting on the TeleTrade trading platform using transport layer security (TLS) and SSL.

TeleTrade review
Placing A Buy Or Sell Order On TeleTrade

Available TeleTrade order types. # market, limit, stop, stop limit, Good until end of day / canceled.

TeleTrade Market Order

A TeleTrade market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. TeleTrade market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. TeleTrade market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

TeleTrade Limit Order

A TeleTrade limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

TeleTrade Stop Order

A TeleTrade stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

TeleTrade Stop Limit Order

A TeleTrade stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The TeleTrade stop-limit order triggers a limit order when a stock price hits the stop level. A TeleTrade stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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TeleTrade Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

TeleTrade review
TeleTrade Trading Platform Features

Online trading platforms like TeleTrade are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with TeleTrade. The TeleTrade trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using TeleTrade.

TeleTrade Margin Trading

TeleTrade margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, TeleTrade margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

TeleTrade Auto Trading

TeleTrade auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying TeleTrade system or programme and actioned by set criteria set by the TeleTrade trader. These TeleTrade orders are placed when the trade conditions in the underlying TeleTrade system or program are met. It is a method of participating in financial markets by using TeleTrade, which executes a pre-defined set of rules for both entering and exiting trades on TeleTrade. If you are a TeleTrade trader, you are able to use detailed TeleTrade technical analysis with the setting of parameters for TeleTrade one's positions. This includes orders to open TeleTrade, trailing stops, and guaranteed stops.

TeleTrade Social Trading

TeleTrade social trading is a form of social trading that enables TeleTrade traders or investors to copy and execute the strategies of their peers or more experienced traders on the TeleTrade platform. Social trading on TeleTrade allows you to communicate with other TeleTrade investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential TeleTrade investment opportunities with traders on the TeleTrade platform.

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TeleTrade Account Types

TeleTrade Demo Account

TeleTrade offers demo accounts that gives traders the ability to purchase and sell TeleTrade financial instruments in a practice environment, using fake TeleTrade digital money and live market conditions and data. When you practise on a TeleTrade demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the TeleTrade platform. TeleTrade demo accounts allow you to experience and practice a variety of market charts, TeleTrade trading indicators, and trading strategies using TeleTrade.

TeleTrade Standard Account

TeleTrade offers a standard trading account, allowing TeleTrade traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich TeleTrade trading platform.

TeleTrade STP Account

TeleTrade STP (Straight Through Processing) account is a TeleTrade trading feature that involves sending TeleTrade client orders directly to the market without passing them through a dealing desk. A TeleTrade STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

TeleTrade DMA Accounts

TeleTrade Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the TeleTrade financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, TeleTrade might use direct market access to place trades themselves. TeleTrade DMA accounts make individual contracts with each liquidity provider.

TeleTrade Islamic Accounts

TeleTrade islamic accounts respect Islamic finance law. TeleTrade swap free accounts do not accumilate interest and TeleTrade transactions are actioned immediately. A TeleTrade Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using TeleTrade following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with TeleTrade Islamic accounts do not pay or receive interest rates.

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TeleTrade Tradable Financial Instruments

TeleTrade tradable financial instruments are the financial instruments that are specifically available to trade on the TeleTrade trading platform. This refers to the different types of financial markets you can trade with through TeleTrade. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on TeleTrade.

NameTeleTradeIC MarketsRoboforex
CFD TradingYesYesYes
Stock Markets200210053
Fractional SharesNoYes
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Losses can exceed deposits

TeleTrade review
TeleTrade Trading Stocks

Stock trading with TeleTrade is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with TeleTrade; if you possess the stock on TeleTrade, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on TeleTrade involves purchasing and selling stocks and share using TeleTrade periodically in order to time trades against the stock markets, with the aim of using TeleTrade to profit from your stock trading. TeleTrade stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on TeleTrade. Stock traders on TeleTrade conduct significant study, frequently dedicating several hours every day to market monitoring using TeleTrade trading tools.

TeleTrade review
TeleTrade Trading ETFs

What Are ETFs

TeleTrade offers ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

TeleTrade does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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TeleTrade Trading Cryptocurrencies

TeleTrade offers cryptocurrency trading.

Cryptocurrency trading can be conducted using TeleTrade to buy and sell the cryptocurrency financial instruments on TeleTrade. Cryptocurrency trading can also be done using a cryptocurency CFD TeleTrade trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using TeleTrade. A CFD is a high risk leveraged trade between the trader and the TeleTrade brokerage. No underlying assets are exchanged with a TeleTrade CFD contract, it is purely speculation on the crypto financial instruments price movements with TeleTrade. TeleTrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if TeleTrade CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with TeleTrade. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with TeleTrade.

Cryptocurrency trading is not offered by TeleTrade, so you will need to find a TeleTrade alternative that allows you to buy and sell the underlying cryptocurrency assets. TeleTrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a TeleTrade alternative and make sure you undertand the risks fully before trading.

TeleTrade review
TeleTrade Forex Trading

Forex trading with TeleTrade is a method through which to invest money which involves trading one currency for another in a Forex currency pair with TeleTrade. The main aim of TeleTrade Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with TeleTrade. As a TeleTrade Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like TeleTrade. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like TeleTrade. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on TeleTrade.

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TeleTrade Commodities Trading

Commodity trading is a type of trading available on TeleTrade where individuals or businesses buy and sell financial instruments using TeleTrade related to commodities, such as metals or oil.

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TeleTrade Options Trading

TeleTrade options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. TeleTrade option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

TeleTrade review
TeleTrade Futures Trading

Futures trading with TeleTrade is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using TeleTrade to facilitate the trade. A TeleTrade futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on TeleTrade. Typically, futures contracts are traded on an exchange such as TeleTrade; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling TeleTrade trader to the contract agrees to provide it.

TeleTrade review
TeleTrade Bonds Trading

Bonds trading on TeleTrade is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the TeleTrade trader. Bonds can be bought and sold on TeleTrade after they are issued. While some bonds are traded publicly through TeleTrade, most trade over-the-counter between large broker-dealers like TeleTrade acting on their clients' or their own behalf. Yield is therefore based on the TeleTrade purchase price of the bond as well as the coupon.

TeleTrade CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameTeleTradeIC MarketsRoboforex
Forex CFD606135
Index CFD2530
Stock CFD1108400
Commodity CFD2020
Crypto CFDYesYesNo
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Losses can exceed deposits
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Losses can exceed deposits

TeleTrade review
TeleTrade Trading Research Tools

Taking advantage of TeleTrade trading research tools which are designed to help traders analyse potential investments using the TeleTrade trading platform. Some TeleTrade research tools include charts, technical analysis, and TeleTrade trading indicators.

TeleTrade Trading News

Traders can follow the markets and make wise investment decisions on TeleTrade by using the news to help form a strategy when it comes to choosing investments. A TeleTrade news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

TeleTrade Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A TeleTrade economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

TeleTrade Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. TeleTrade fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

TeleTrade Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on TeleTrade are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

TeleTrade portfolios

Trading portfolios are useful when trading with TeleTrade.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A TeleTrade trading portfolio is a traders collection of investments, which may include a variety of TeleTrade financial instruments.

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TeleTrade Payment Methods

A TeleTrade payment method is required to fund your TeleTrade trading account before placing a buy or sell order on a financial instrument.

When trading with TeleTrade, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that TeleTrade do not have any control over.

NameTeleTradeIC MarketsRoboforex
Payment MethodsFasaPay, Neteller, Perfect Money, QIWI, Skrill, Visa, Yandex MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Your capital is at risk
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Losses can exceed deposits
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Losses can exceed deposits

TeleTrade review
TeleTrade Withdrawl Methods

When trading with TeleTrade at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your TeleTrade account balance. TeleTrade may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your TeleTrade account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

TeleTrade Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your TeleTrade account.

Withdrawal requests can take up to three business days to be processed by TeleTrade.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your TeleTrade should arrive in less than 24 hours.

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TeleTrade Customer Support

Customer support represents the resources within the TeleTrade company that provides technical assistance to its customers after they use the TeleTrade service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

TeleTrade offer email, livechat, phone, customer support.

TeleTrade Email Support

TeleTrade offers email support.

Email support is a a convenient method of TeleTrade customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from TeleTrade regarding your support request.

TeleTrade Livechat Support

TeleTrade offers livechat support.

TeleTrade live chat support is a way for customers to obtain help from TeleTrade through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

TeleTrade Telephone Support

TeleTrade offers telephone support.

TeleTrade telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the TeleTrade call centre to give or take information.

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TeleTrade Educational Resources

TeleTrade educational resources are used throughout the TeleTrade learning environment to help and assist with customer's development and learning of trading on TeleTrade. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using TeleTrade trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

TeleTrade Trading Platform Tutorials

TeleTrade offer a range of learning resources and tutorials and guides made available to registered TeleTrade users. The TeleTrade guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate TeleTrade users on basic trading principles.

TeleTrade Trading Videos

TeleTrade offer a selection of online trading videos.

Trading videos on TeleTrade help new and even more experienced investors gain insights into TeleTrade technical analysis tools and how the different financial markets work when trading on TeleTrade.

TeleTrade trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some TeleTrade training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using TeleTrade to trade live financial markets.

TeleTrade Webinars

TeleTrade offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of TeleTrade clients who participate by asking questions, replying to polls, and using other interactive technologies available on the TeleTrade trading platform.

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TeleTrade Financial Regulation When Trading

Financial regulations on TeleTrade protect consumers' investments. Regulations prevent financial fraud and limit the risks that TeleTrade as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. TeleTrade financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is TeleTrade Regulated?

TeleTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

TeleTrade is licensed by financial regulators in certain jurisdictions. You can find out if brokers like TeleTrade are licensed in your country, if they have had run-ins with regulators, or received serious complaints from TeleTrade investors, directly with financial regulators in your country.

TeleTrade Regulatory Protection Limits

When registering with TeleTrade you must check with regulatory body your TeleTrade trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your TeleTrade account is over seen by. TeleTrade client funds are stored in segregated 3rd party bank account in accordance with TeleTrade financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

TeleTrade Trading Signals

TeleTrade offers trading signals to TeleTrade clients.

TeleTrade trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A TeleTrade trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the TeleTrade trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does TeleTrade make money?

Because TeleTrade acts as an intermediary, TeleTrade gets compensated on buy and sell transactions of financial instruments. As a result, TeleTrade profit is determined by the volume and number of transactions. TeleTrade earns revenue to fund their TeleTrade platforms and wide range of trading services through market spreads.

Can you buy shares on TeleTrade?

TeleTrade provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. TeleTrade offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and TeleTrade on the speculative up or down price movement on an agreed stocks price movement.

Does TeleTrade offer Cryptocurrency?

TeleTrade does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

TeleTrade Lower fees, lower costs?

TeleTrade have reasonable trading fees and costs. TeleTrade may charge a deposit fee. TeleTrade may charge a withdrawal fee. Some withdrawal fees are out of the control of TeleTrade and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

TeleTrade minimum deposit is 100 USD / GBP / EUR.

How to start your TeleTrade account?

You can sign up for a live or demo TeleTrade trading account by visiting TeleTrade and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an TeleTrade account here.

How's the TeleTrade trading app?

TeleTrade allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the TeleTrade trading app here. Your capital is at risk

Is the quality of TeleTrade customer service satisfactory?

TeleTrade have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

TeleTrade do offer a demo account but TeleTrade is aimed at more experienced traders.

How do you withdraw money from TeleTrade?

TeleTrade offer a good selection of withdrawal options. Once TeleTrade have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best TeleTrade Alternatives Reviews

If TeleTrade isnt quite what you are looking for you can check out some of the best TeleTrade alternatives below.

Best TeleTrade Alternatives In Detail

If you would like to see TeleTrade compared agains some of the best TeleTrade alternatives available right now you can do so by clicking on the links below.

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Ashly Chole - Senior Finance & Technology Editor

TeleTrade Review 2024 (Expert Review) guide updated 21/07/24