TeleTrade Review 2024
TeleTrade is a multiple award-winning broker that provides access to Forex, CFDs, indices, shares, commodities, cryptocurrencies. With TeleTrade traders can use both the MetaTrader 4 and MetaTrader 5 platforms.
Cryptocurrency traders will have lots of options at TeleTrade, with 19 different coins to trade: ADA, BCH, BSV, BTC, BTG, DSH, EOS, ETC, ETH, IOT, LTC, NEO, OMG, TRX, XLM, XMR, XRP, ZEC and ZRX.
TeleTrade is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
TeleTrade Summary
TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.
TeleTrade is #96 in our rankings of CFD brokers.
Ratings
Bonus | None |
---|---|
Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
Demo Account | ✓ Yes |
Min. Deposit | $100 |
Min. Trade | 0.01 Lots |
Regulated By | CySEC |
MetaTrader 4 | ✓ |
MetaTrader 5 | ✓ |
cTrader | ✗ |
DMA Account | ✗ |
ECN Account | ✗ |
Mobile Apps | ✓ |
Auto Trading | ✓ |
Trade Signals | ✓ |
Social Trading | ✓ |
Copy Trading | ✗ |
Islamic Account | ✓ |
Commodities |
|
CFD Trading
Diversify your portfolio by trading in multiple financial markets.
Leverage | 1:30 (Retail), 1:500 (Pro) |
---|---|
FTSE Spread | 1.9 |
GBPUSD Spread | 1.3 |
Oil Spread | 0.09 |
Stocks Spread | Variable |
Forex Trading
Participate in the global currency market with leveraged trading.
GBPUSD Spread | 1.3 |
---|---|
EURUSD Spread | 0.9 |
EURGBP Spread | 1 |
Assets | 60+ |
Cryptocurrency Trading
TeleTrade offers a range of popular and emerging crypocurrencies.
Spread | Floating |
---|---|
Coins | ADA, BCH, BSV, BTC, BTG, DSH, EOS, ETC, ETH, IOT, LTC, NEO, OMG, TRX, XLM, XMR, XRP, ZEC, ZRX |
Payment Methods
TeleTrade accepts the following payment methods:
Awards
TeleTrade is a multiple award-winning broker, with 6 awards received so far.
- Best Forex Broker Europe 2017 - Capital Finance International
- Best CFD Broker Europe 2015 - Global Banking & Finance Review
- Best Forex Customer Service Broker Europe 2015 - Global Banking & Finance Review
- Best Trading Education Provider Europe 2014 - International Finance Magazine
- Best Forex Broker in Europe 2014 - Global Financial Market Review
- Best Trading Platform Southern Europe 2014 - Global Banking & Finance Review
FAQ
Is TeleTrade Safe?
Yes, most likely, as we gave TeleTrade a trust score of 50% in our review. The main negative factor in this score is that TeleTrade is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does TeleTrade Accept PayPal?
No, TeleTrade does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is TeleTrade Halal?
Yes, TeleTrade does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does TeleTrade support?
With TeleTrade you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is TeleTrade Regulated in the UK?
No, TeleTrade is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is TeleTrade Regulated?
Yes, TeleTrade is regulated by CySEC.
The fact that TeleTrade is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
Compare TeleTrade with Other Brokers
These brokers are the most similar to TeleTrade:
- FP Markets - FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
- Admiral Markets - Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
- Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
TeleTrade Feature Comparison
TeleTrade | FP Markets | Admiral Markets | Swissquote | |
---|---|---|---|---|
Rating | - | 4 | 3.5 | 4 |
Markets | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities |
Minimum Deposit | $100 | $100 | $100 | $1000 |
Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
Demo Account | Yes | Yes | Yes | Yes |
Regulators | CySEC | ASIC, CySEC, ESMA | FCA, CySEC, ASIC, JSC | FCA, FINMA, DFSA, SFC |
Bonus | - | - | - | - |
Education | No | Yes | Yes | No |
Platforms | MT4, MT5 | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5 |
Leverage | 1:30 (Retail), 1:500 (Pro) | 1:30 (UK), 1:500 (Global) | 1:30 (EU), 1:500 (Global) | 1:30 |
Visit | ||||
Review | TeleTrade Review |
FP Markets Review |
Admiral Markets Review |
Swissquote Review |
Trading Instruments Comparison
TeleTrade | FP Markets | Admiral Markets | Swissquote | |
---|---|---|---|---|
CFD | Yes | Yes | Yes | Yes |
Forex | Yes | Yes | Yes | Yes |
Stocks | Yes | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes | No |
Commodities | Yes | Yes | Yes | Yes |
Oil | No | Yes | No | Yes |
Gold | Yes | Yes | Yes | Yes |
Copper | No | Yes | Yes | No |
Silver | Yes | Yes | Yes | Yes |
Corn | No | Yes | No | No |
Futures | No | Yes | No | Yes |
Options | No | No | No | Yes |
ETFs | No | Yes | Yes | Yes |
Bonds | No | Yes | Yes | Yes |
Warrants | No | No | No | No |
Spreadbetting | No | No | Yes | No |
Volatility Index | No | Yes | Yes | No |
TeleTrade vs Other Brokers
Compare TeleTrade with any other broker by selecting the other broker below.
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