TeleTrade Review 2021
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| TeleTrade offers ECN accounts with tight spreads & powerful trading platforms. | ||
TeleTrade is a multiple award-winning broker that offers traders Forex, CFDs, indices, shares, commodities, cryptocurrencies. With TeleTrade traders can use both the MetaTrader4 and MetaTrader5 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.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | 100 EUR/USD |
| 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 | ✓ |
CFD Trading
Diversify your portfolio by trading in multiple financial markets.
| Leverage | 1:30 (Retail), 1:500 (Professional) |
|---|---|
| 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:
- Skrill
- Visa
- Neteller
- Yandex Money
- QIWI
- FasaPay
- Perfect Money
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 this 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.
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?
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 options.
TeleTrade vs Other Brokers
If you want to compare TeleTrade with other brokers, use the detailed comparisons below.
- Axes vs TeleTrade
- IFC Markets vs TeleTrade
- iFOREX vs TeleTrade
- Lightspeed Trading vs TeleTrade
- TeleTrade vs FXTM
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| TeleTrade offers ECN accounts with tight spreads & powerful trading platforms. | ||