Note: The Cyprus Securities and Exchange (CySEC) has settled with Teletrade-DJ International Consulting Ltd, which is a provider of forex and CFDs trading services, for ‘any violation or possible violation’ for €120,000.
The regulator did not specify the particular violation on the part of the brokerage firm, but detailed there were ‘possible violations’ of the Investment Services and Activities and Regulated Markets Law of 2017. It identified the compliance-related ‘possible violations’ during an on-site inspection in 2018.
Reviewed broker: Teletrade
Operated under DJ International Consulting Ltd.
Established in 1994
Location: Cyprus
Regulation: Cyprus Securities and Exchange Commission (CySEC), under license number 158/11.
Trading instruments: forex, CFDs, commodities, stocks, futures, Cryptocurrencies including Bitcoin
US traders: not accepted
Your Benefits with TeleTrade
- Whether you are a retail or corporate client, we have tailored solutions for you
- Multi-lingual support teams that are always ready to help you in your language
- We offer trading in CFDs on over 60 currency pairs, Indices, Energies, Stocks, ETFs, Metals and 18 Cryptocurrencies
- Trading platforms that utilise up-to-date technology for every device
- Our copy trading programme, TT Invest, is suitable for beginner to experienced traders
Account types and Trading conditions
Segregated accounts for client funds: yes
Negative balance protection: yes
Spread types: fixed, variable
Typical fixed spreads start from 3 pips
Variable spreads start from 0.1 pips plus $7 commissions per standard lot traded
Social trading: available with Synctrading, where you can maximize your profits by copying experienced traders and their transactions
Maximum leverage is up to 1:500
Minimum trade size: 0.1 lot
Account types: Sharp ECN, Standard, NDD
Sharp ECN Account
- Variable spreads from 0.2 pips
- Leverage from 1:2 to 1:500*
- No re-quotes
- Hedging allowed
- 85 instruments*
- Deposits start as low as $/€100
- Take advantage of competitive bids and ask quotes
- Low-level slippage
- Optimised precision for execution at your requested prices
NDD Account
- Trade 18 cryptocurrencies
- 207 instruments (18 cryptos)*
- Variable spreads from 0.8 pips
- Leverage from 1:2 to 1:500*
- No re-quotes
- Hedging allowed
- Deposits start as low as $/€100
- Take advantage of competitive bids and ask quotes
- Low-level slippage
Standard Account
- Trade 18 cryptocurrencies
- 208 instruments (18 cryptos)*
- Variable spreads from 1.1 pips
- Leverage from 1:2 to 1:500*
- Instant execution
- Hedging allowed
- Deposits start as low as $/€100
- No slippage
TeleTrade Review : Platforms
METATRADER Download MT4/5 for free and start trading today
Сomparison of trading platforms
Metatrader 4
- 4 Pending Order Types
- Depth of Market is not Visible
- 30 Technical Indicators
- 31 Graphical Objects
- 9 Timeframes
- Economic Calendar is absent
- No Embedded MQL5.community chat
- Headging available
- Single thread Strategy Tester
Metatrader 5
- 6 Pending Order Types
- Depth of Market is Visible
- 38 Technical Indicators
- 44 Graphical Objects
- 21 Timeframes
- Economic Calendar is available
- Embedded MQL5.community chat
- Headging available
- Strategy Tester is Multi-threaded and Multi-currency with Real ticks
WebTrader
- 4/6 Pending Order Types
- Depth of Market is not Visible
- 30 Technical Indicators
- 31 Graphical Objects
- 9 Timeframes
- Economic Calendar is absent
- Embedded MQL5.community chat
- Headging available
- Strategy Tester Is Absent
Copy Trade
Use intuitive trading platform to automatically copy a top trader’s entire portfolio to your trading account.
Educational materials: daily forecasts and market research, real-time technical and fundamental reports and insights, one-on-one training, live seminars and webinars
TeleTrade Review : Payment Methods
Payment options: credit cards, wire transfer, neteller, skrill
Minimum deposit requirement: 100
Bonuses and promotions: 24% on your deposit
Customer support: email, phone, live chat
How was the rating of Teletrade performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Teletrade FX broker performance and features.
Overall our online Teletrade review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Teletrade or you find inaccurate details Teletrade broker review please get in touch with us and the changes will be applied.
