Established in 1994 with the first local office in Moscow, Teletrade is EU regulated forex broker with offices in 30 countries around the world. With wide range of financial products, traders can choose Forex, CFDs on commodities, stocks and futures to trade. US traders are not accepted at the moment.
TeleTrade was awarded ‘Best CFD Broker Europe 2015’ title by Global Banking & Finance Review.
Your funds are secured under Investor Compensation Fund and held in segregated accounts (meaning that your funds are separated from the broker’s money).
TeleTrade protects your account from negative balance. This system monitors your balance and protects you to lose more than initially invested. The broker also commits to small number of requotes and fast feedback.
The broker claims not to charge any commission fees. The spreads are fixed and there is wide variety of tools and over 130 tradable products. SyncTrading, for example, makes it possible to maximize your profits by copying experienced traders and their transactions. Maximum available leverage is up to 1:200. Fixed spreads are relatively high on majors, compared to other forex brokers reviews, starting from 5 pips. Minimum position size is 0.1 lot.
You can start with demo account first and get to know the interface and practice your market moves before you switch to real account. In order to open a practice account, just fill in the form on the broker’s website and in less than two minutes you are ready to trade.
Trading with TeleTrade is possible via one of the preferred trading platform in the industry MetaTrader 4 and MetaTrader 5. The platform is downloadable and requires a short-time installation. Mobile trading is available for Apple and Android devices.
The popular MetaTrader is a leading trading platform with professional technology, functions and tools to make your trading logical and profitable. The platform is easy to use and efficient.
Teletrade reviews its educational material on its official website. You have access to daily forecasts and market research, real-time technical and fundamental reports and insights.
There are one-on-one training, live seminars and webinars with professional traders.
Deposits can be made in Euros or US dollars. Payment methods for funding and withdrawals include credit cards, Wire transfer, Neteller, Skrill. Minimum deposit requirement for live account is $2,000.
There are special VIP accounts for $50,000 accounts and up. VIP clients receive personal manager, increase interest rates, decreased spreads, dedicated phone line, deposits without commissions, free advanced trading classes and learning tutorials.
At the moment of the review, the broker offered 24% bonus on your deposit.
Representative offices provide support 24/5. You can also reach the broker via email, phone and live chat.