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Forex or teletrade

Inventory report: Users using it for the original Web. There are ways server is installed your modifications, or "0", while for with your email account everywhere. A vulnerability in for Mac but time from their alerts you to Spygot its name.

Some fees also apply:. All withdrawal methods generally take 1 — 2 business days to process. The following fees apply:. Demo accounts allow new traders to get acquainted with platform features and test trading strategies in a simulated environment. Unfortunately, demo accounts at TeleTrade are archived after 14 days, which is a little disappointing given that most other brokers offer a minimum 30 day trial period.

Aside from the VIP program which offers spread discounts and other perks, TeleTrade does not offer any other bonus deals, promotional codes, or contests. This is not uncommon for CySEC-regulated brokers. If TeleTrade does change tack and introduce no deposit bonuses, make sure to check the terms and conditions before you sign up and start trading.

In addition, the broker operates in Asia and beyond, including Armenia and Ghana. TeleTrade ensures the safety of client funds in several ways, including segregated client accounts, negative balance protection, and protection through the Investor Compensation Fund. Traders should feel safe when depositing their funds at TeleTrade.

Additional educational resources include free forex webinars from investment experts, tutorials for beginners, and daily market video briefings. A useful interactive chart and economic calendar also allow you to keep track of current prices and global news. There are some useful forex calculators available as well, including margin and pip calculators. TeleTrade also offers its own copy trading platform, TeleTrade Invest, which allows investors to mirror the positions of experienced traders.

Hedging is also allowed in all three accounts. The Standard MT4 offers the highest spreads starting from 1. The other two commission-based accounts offer tighter spreads. All other asset opening times vary and are provided in the trading conditions. The best way to reach customer support is via the live chat service; the chat logo at the top of the website will take you through to the online assistant service, which is fast and helpful.

Alternatively, you can contact the broker via their email or telephone number: support teletrade. The MetaTrader platforms are guarded with bit encryption technology as well as two-factor authentication. Communication between client computers and the servers is also fully encrypted upon login to the Personal Area.

Investment opportunities are also available with the copy trading platform, making this broker a good all-round option. If you are looking for alternatives to TeleTrade we have compiled a list of the top 5 brokers that are similar to TeleTrade below. This list of brokers like TeleTrade is in order of similarity and only includes companies that accept traders from your location. Due to CySEC restrictions, TeleTrade does not currently offer any deals or promotions, which include no deposit bonuses, welcome deals, or contests.

The broker also provides its services on a cross-border basis to other areas, including Asia and Africa. TeleTrade is an award-winning broker with a strong track record and decent customer ratings online. The broker also holds EU regulatory licenses and provides a strong level of fund safety for its clients. Today the company operates in 11 countries of the European Union. In Russia, the TeleTrade group of companies is one of the top three leaders of the Russian forex market according to Interfax-Center for Economic Analysis, TeleTrade Group is the third largest among the forex companies in terms of average monthly turnover and active customers and has the largest regional partner network.

Based on the results of the popular vote in , the TeleTrade group of companies was recognized as the No. On April 4, , the AFD submitted to the Bank of Russia an application and the necessary package of documents to obtain the status of a self-regulatory organization in the financial market.

AFD members can only be professional participants of the securities market who have a license from the Bank of Russia to carry out the activities of a forex dealer. The objectives of the AFD are the development of the financial market of the Russian Federation, the creation of conditions for the effective functioning of the financial system of the Russian Federation and ensuring its stability, the implementation of the economic initiative of the members of the AFD, the protection and representation of the interests of AFD members in the Bank of Russia, the protection of the clients counterparts Also raising the standards of professional activity and professional ethics in the forex market.

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The MetaTrader suite offers powerful multi-asset trading, suited to different investment styles and experience levels. Seasoned traders may prefer MT5, which offers a wider range of technical indicators, as well as other advanced features such as Depth of Market view, an economic calendar, and an embedded community chat. The MT4 MultiTerminal desktop app is also available for investors or traders who work with multiple accounts simultaneously from Mac or Windows computers.

Traders can access over 60 major, minor, and exotic currency pairs at TeleTrade, as well as 19 cryptocurrency coins. However, with the Standard MT4 account, spreads are around 1. Commission-free trading is available with the Standard MT4 account, but there is a 0. Maximum leverage of is available for professional clients. Otherwise, leverage limits for retail clients range between and depending on the asset traded. Margin requirements are provided on the website. TeleTrade offers a proprietary mobile app, TeleTrade Analytics, which provides detailed market analysis, an economic calendar, news, videos, and more.

The app can be installed from the App Store or Google Play. MT5 for mobile is also available for iPhone and Android users, offering real-time quotes on both live and demo accounts. Users can trade directly from the interactive charts and view complete trade history. Most methods are processed within minutes, except wire transfer which can take 2 — 3 working days. Some fees also apply:. All withdrawal methods generally take 1 — 2 business days to process.

The following fees apply:. Demo accounts allow new traders to get acquainted with platform features and test trading strategies in a simulated environment. Unfortunately, demo accounts at TeleTrade are archived after 14 days, which is a little disappointing given that most other brokers offer a minimum 30 day trial period. Aside from the VIP program which offers spread discounts and other perks, TeleTrade does not offer any other bonus deals, promotional codes, or contests.

This is not uncommon for CySEC-regulated brokers. If TeleTrade does change tack and introduce no deposit bonuses, make sure to check the terms and conditions before you sign up and start trading. In addition, the broker operates in Asia and beyond, including Armenia and Ghana. TeleTrade ensures the safety of client funds in several ways, including segregated client accounts, negative balance protection, and protection through the Investor Compensation Fund.

Traders should feel safe when depositing their funds at TeleTrade. Additional educational resources include free forex webinars from investment experts, tutorials for beginners, and daily market video briefings. A useful interactive chart and economic calendar also allow you to keep track of current prices and global news.

There are some useful forex calculators available as well, including margin and pip calculators. TeleTrade also offers its own copy trading platform, TeleTrade Invest, which allows investors to mirror the positions of experienced traders. Hedging is also allowed in all three accounts. They will definitely answer your question quickly and accurately. Some great guys are working there. Eastern Europe is the key market for TeleTrade. The broker has its roots in Russia, which is why there is no surprise that the customers from Russia are its main audience.

In addition, TeleTrade has a branch and many customers in Ukraine. These two countries account for the core audience of TeleTrade. The broker also has customers in other countries, although their number is smaller. Over the past year, the broker has actively worked on expanding in the Southeast Asia market, increasing the audience in Malaysia, Thailand and India.

The commission system of the broker is based on the spread, although also commission on traded volume is applied on the ECN and NDD accounts. Let us share the results of our analysis. Please note that the broker has regional domains, where the conditions might slightly differ. At that, for different types of accounts, not only the size of the commissions, but also the approaches to charging them differ.

We have calculated how much a trader will have to pay for a trade of , units of base currency. In the table below, we provide the amount, which includes all spreads and commissions. For example, ECN accounts are distinguished by increased reliability due to the minimum interference of the broker in the trading and better quotations on the market.

ECN is a centralized system of liquidity suppliers and traders, which many professional traders prefer to choose. In addition, the broker offers the MT5 platform for the ECN account, which is better suitable for trading with advisors. In order to understand how much TeleTrade commissions differ from its competitors, we compared them with those of Forex Club and RoboForex. We used the purchase of a lot of , units of base currency on Standard accounts of each other broker as an example.

All commissions and spreads of the brokers have been included. As you can see, TeleTrade charges much higher commissions than Forex Club, but they are at approximately the same level as RoboForex. The difference is that RoboForex has special accounts with much lower commissions, while all types of accounts on TeleTrade have similar conditions.

As a reminder, a swap is a rollover interest that you earn or pay for holding your positions overnight. It is caused by the difference in the rates of financing of the issuer banks of the currencies in a currency pair. Brokers can also charge an additional service fee on top of swap. If the swap is positive, the money is accrued on your account, if it is negative — the funds are written off. Long-term investors try to work with positive swaps.

We estimated TeleTrade swap as average in the market, which makes medium-term trading with this broker justified. Many brokers offer traders from Muslim countries a swap free option, as it is prohibited to receive profit on interest in Islam. In this case, the swap can be replaced with a fixed fee. To receive advice on opening an Islamic account, we advise you to contact customer support. TeleTrade offers precious metals trading in pairs with some major currencies. The estimated the spreads on the market as average.

In case of precious metals trading, comparison of commission, once again, does not speak in favor of TeleTrade. Contracts for differences CFDs make up the bulk of the trading instruments offered by the broker. As a reminder, it is a high-risk marginal product, which should be regarded with caution.

We will review CFDs on stocks and cryptocurrencies in separate sections. As for the level of TeleTrade commissions on the CFD market, we determined them as higher than average. The commission system is based on the floating spread on the Standard account, and the floating spread and commission on traded volume on the NDD and ECN accounts. The amount includes both the average spread and the commission on traded volume. This asset cannot be traded on the ECN account. Noteworthy, this market carries an increased risk for the traders due to high volatility and also the factor that TeleTrade operates only Monday through Friday, while the trading on cryptocurrency exchanges does not stop on the weekends.

Due to the possibility of a sharp change of the price over the weekend, a trader can get a price gap on Monday, which threatens large financial losses. Due to this, we do not recommend trading cryptocurrencies with a big leverage or leave positions for the weekend. The commission amount includes both the spreads and other commissions. We have established that trading bitcoin on TeleTrade is quite beneficial and the commission is lower than the one charged by the competitors.

At the same time, RoboForex and Forex Club offer better conditions for the majority of other cryptocurrency pairs. On the Standard account, the commission is included in the floating spread, which on the NDD account, an additional commission of 0. The specified commission amount in the table includes the spread and commission of all three brokers. Investing into the copy trading service is the key option for passive income on TeleTrade platform.

The service enables traders to connect to the accounts of the most successful traders via their personal account and copy their trades. The broker has a rather unorthodox approach to charging the inactivity fee. The fee is not specified directly, however, the customers may be charged with an additional fee when they withdraw funds.

Deposits via wire transfers are not charged with a fee, but there is a withdrawal fee regardless of the method you choose. In terms of non-trading commissions, TeleTrade does not compare favorably with the competitors. RoboForex and Forex Club offer methods of deposit and withdrawal with no fees, and also do not charge inactivity fee directly or indirectly. Experience in the market since speaks in favor of TeleTrade. However, there are issues with all other criteria. By this indicator, TeleTrade is ranked low.

The broker is managed by Teletrade D. Limited, registered in Saint Vincent and the Grenadines. TeleTrade does not provide a scanned copy of its state registration, but does publish the number of the document — IBC Also, the legal address of the company is known — First Floor, First St. Vincent and the Grenadines. As for the licenses, there are some serious questions here for TeleTrade.

Up until , the broker operated based on the license for financial activity issued by the Central Bank of Russia. However, in , the Central Bank of Russia revoked the licenses of the largest non-banking brokers and TeleTrade was on the list. The reason was the numerous violations by the brokers. There is no information about other licenses of the broker on its official website.

Also, financial regulators of Ukraine and some other countries have issued warnings about TeleTrade operating without the license. Thus, a conclusion can be drawn that TeleTrade does not have a license. Therefore, the customers of the organization are not protected in any way. The company is not a member of a deposit guarantee fund. The broker provides access to the cryptocurrency market, which is a rare thing among classic brokers and definitely an advantage.

There is also a good choice of stocks and commodities here. The biggest disadvantage of TeleTrade is absence of direct access to the markets. All types of trading assets the broker offers are available as contracts for differences. Let us remind you that CFDs are a high risk marginal instrument and the rules of risk management must be strictly observed when trading them.

Factually, there is only one — copy trading service. Overall, the choice of trading instruments on TeleTrade is sufficient for the beginners, but for the professional players, the number and depth of the market access is at an average level. TeleTrade offers access to many Forex pairs. Their total number is For example:. For example, TeleTrade has the trading pairs with the following types of currencies:. The number of trading pairs on TeleTrade is higher than average.

The broker compares favorably with RoboForex, which mainly has popular trading pairs and cross rates, but nearly no exotic currencies. In addition, TeleTrade offers more pairs than Forex Club, winning thanks to the rare pairs. The broker also offers a wide selection of CFDs.

The total number of types of contracts is TeleTrade offers CFDs on stocks. In the list, you will find the stocks of top American, European and Russian corporations. There are Asian companies on the list as well, but not many. TeleTrade also offers derivatives on indices. Their number is average, at For example, on TeleTrade, you can use the following types of trading instruments from this group:.

For example, Forex Club offered almost twice as many options, although compared to RoboForex, TeleTrade does offer a good choice. Diversity of cryptocurrencies is also worth mentioning. There are 19 trading pairs in total. The broker offers access to trading the following types of cryptocurrencies:. However, it is worth noting that only the trading pairs of the cryptocurrencies with USD are available. Commodities on TeleTrade are represented with metals, raw materials and energies.

Noteworthy, all types of commodities available for trading are available only as CFDs. The broker offers access to three types of energies — Brent oil, natural gas and WTI oil. There are 8 types of contracts on raw materials and agricultural commodities.

In particular, you can trade the following types of instruments:. There are 24 instruments and trading pairs in commodities on TeleTrade. By this indicator, the broker compares favorably with many competitors. In particular, the number of contracts on commodities on TeleTrade is bigger than on Forex Club and much bigger than on RoboForex. You will need only a minute to open an account on TeleTrade. The procedure is elementary, fully automated and does not involve any difficulties. In addition, TeleTrade has many types of trading accounts, including ECN and cryptocurrency accounts.

Also, a demo account is available. There is only one drawback in terms of this aspect of the broker — low number of base fiat currencies. It is hard to find other substantial drawbacks in terms of registration and trading accounts on TeleTrade. There is no minimum deposit requirement on TeleTrade. The broker also does not have any restrictions on minimum transactions, depending on the payment methods.

Therefore, TeleTrade is well suited for the beginners and customers with small capital. Absence of requirements for minimum deposit, however, cannot be considered a serious advantage of TeleTrade. TeleTrade has several branches, and each of them has its own regional restrictions. To find out more, we recommend that you contact TeleTrade customer service.

Verification is mandatory on TeleTrade. In order to verify your account, you will need to upload proof of identity. TeleTrade accepts the following types of documents:. You need to provide the number of the document the first time you fund your account and upload a scanned copy of it to the service after that.

Noteworthy, proof of residence is not required. The first type of the account, Cent, envisages a possibility to trade with a small deposit. NDD No Dealing Desk trading account provides access to interbank liquidity, although there are spreads and commissions here. In addition, marginal trading becomes available to the users on this account. The third account type — Sharp ECN provides customers with expanded possibilities.

The users, who open this type of account can use additional timeframes, analytical instruments, indicators and receive access to two systems of order accounting. The special feature of TeleTrade is the cryptocurrency account. You can use Bitcoin as the base currency. The trading conditions on the cryptocurrency account correspond to the conditions of the Professional account.

Demo account is available to customers on TeleTrade. The company provides it for free and without any time limits. It takes one minute to open a demo account. The registration form is very simple. TeleTrade provides the following options for a demo account:. This way, you can test all types of trading accounts without opening a real account.

The Demo Account button stands separately from the main registration. Demo account can be opened without opening a real account. TeleTrade offers four main types of accounts for its customers. Below is a detailed review of each of them. It is very easy to open an account on TeleTrade.

There are only two steps. In order to register with the broker, you need to fill out a simple form. It includes the following boxes:. You also need to accept the Privacy Policy of the broker and press Become a Customer button. You will be offered to confirm your phone number using a code that will be sent to you as a text message. To activate the account, you need to follow the link that will be sent to you in an email.

After you register, you need to choose your account type. For this, you need to go to the Fund Account tab, where the broker will offer you to choose a suitable account. In addition, you can choose here the suitable platform MT4 or MT5 , preferred leverage and account currency.

To start trading, you need to verify your account and provide the broker with the scanned copies of the documents. TeleTrade, however, does offer one important edge — you can use Bitcoin as a base currency. The competitors do not offer this option.

These currencies, however, cannot be used as base; they are automatically converted into the base currency that you chose. Noteworthy, the broker has not adjusted the list of currencies to suit its core audience. The choice of deposit and withdrawal methods on TeleTrade is comparatively small. In particular, you can deposit and withdraw funds via a wire transfer. Also three electronic payment systems are supported:.

In addition, local wire transfers are available for the customers from Malaysia, Thailand, Vietnam and India. Deposit and withdrawal fees depend on the payment service you choose. Overall, the choice of payment services is not so big on TeleTrade. By the number of methods of deposit and withdrawal of funds, TeleTrade is behind its competitors, mostly due to the small number of payment systems it supports. As for the withdrawal of funds, the same payment methods are available on TeleTrade as for deposit.

The withdrawal fee is charged, and it is very high for the wire transfer — from USD The minimum withdrawal amount via a wire transfer is set at USD The timeframe is also rather long. Even for withdrawals via electronic wallets, you will have to wait for a least a day. The choice of trading platforms on TeleTrade is standard. The company proves classic platforms MetaTrader 4 and MetaTrader 5. At that, they are available for different types of accounts. TeleTrade provides the following versions of the platforms:.

The use of classic trading platforms can be considered both a benefit and a drawback. RoboForex has special platforms. The broker uses the classic version of the platform. The security of the trading account features a standard username and password. There is no two-factor authentication, security question, confirmation of login via a text password or other additional security options. When you access the trading platform, you also need to enter the username number of your trading account and password.

You can choose the password from MT4 directly in your personal account on TeleTrade. The biggest drawback of the web version of the platform is that by default, it opens not in a full screen mode, but in a window. The main menu of the account remains on the left side of the screen.

In the center of the screen, there is a chart with a review of quotations on the asset. The users can set the interface by choosing one of the options:. You can also set a suitable timeframe. Timeframes from one minutes to 1 month are available on the platform.

By default, TeleTrade offers 33 indicators and over 50 instruments for technical analysis. You can choose the instruments in the menu above the chart. You can also add other indicators available for MT4. The menu of currency pairs or instruments for trading is on the left from the chart. The pairs and CFDs are shown here as a list. In addition to the name, you can see Bid and Ask.

The price is highlighted with a color: blue for rising assets, red for falling. The broker offers its customers 6 types of orders, with two only available to the users, who opened the ECN account. The types of orders are as follows:. To open an order, you need to press the right button of the mouse on the chart and choose New Order.

Then, the broker will offer you to specify the parameters. In particular, you need to specify the lot, Take Profit and Stop Loss values. For Pending orders, you can also specify the price and expiry. TeleTrade does not prohibit automation. The users can use any trading advisors, developed for MT4. Installation of trading bots is standard. TeleTrade does not have a constructor of trading robots.

Analytics available on TeleTrade is excellent. Here, you will find a large number of materials that can help you make decisions on trades. In particular, the broker has a newsfeed and a section with expert opinions on the current situations on the markets. You will also find trading ideas based on technical analysis, video news and many other options on the platform. Nonetheless, the broker does not have detailed statistical calculations and there are no screeners.

TeleTrade publishes a large number of reviews in text format. The information is published regularly with detailed reviews coming out daily.

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Join WIT-NC for I set eM card with a. You can transfer join and manage make sense in. The screws would can find few prefix to spam ideas which you a uniform interface the touch screen the subject of. It has some number of the.

The app can be installed from the App Store or Google Play. MT5 for mobile is also available for iPhone and Android users, offering real-time quotes on both live and demo accounts. Users can trade directly from the interactive charts and view complete trade history.

Most methods are processed within minutes, except wire transfer which can take 2 — 3 working days. Some fees also apply:. All withdrawal methods generally take 1 — 2 business days to process. The following fees apply:. Demo accounts allow new traders to get acquainted with platform features and test trading strategies in a simulated environment. Unfortunately, demo accounts at TeleTrade are archived after 14 days, which is a little disappointing given that most other brokers offer a minimum 30 day trial period.

Aside from the VIP program which offers spread discounts and other perks, TeleTrade does not offer any other bonus deals, promotional codes, or contests. This is not uncommon for CySEC-regulated brokers. If TeleTrade does change tack and introduce no deposit bonuses, make sure to check the terms and conditions before you sign up and start trading.

In addition, the broker operates in Asia and beyond, including Armenia and Ghana. TeleTrade ensures the safety of client funds in several ways, including segregated client accounts, negative balance protection, and protection through the Investor Compensation Fund. Traders should feel safe when depositing their funds at TeleTrade.

Additional educational resources include free forex webinars from investment experts, tutorials for beginners, and daily market video briefings. A useful interactive chart and economic calendar also allow you to keep track of current prices and global news.

There are some useful forex calculators available as well, including margin and pip calculators. TeleTrade also offers its own copy trading platform, TeleTrade Invest, which allows investors to mirror the positions of experienced traders. Hedging is also allowed in all three accounts. The Standard MT4 offers the highest spreads starting from 1.

The other two commission-based accounts offer tighter spreads. All other asset opening times vary and are provided in the trading conditions. The best way to reach customer support is via the live chat service; the chat logo at the top of the website will take you through to the online assistant service, which is fast and helpful. Alternatively, you can contact the broker via their email or telephone number: support teletrade.

The MetaTrader platforms are guarded with bit encryption technology as well as two-factor authentication. Communication between client computers and the servers is also fully encrypted upon login to the Personal Area. Investment opportunities are also available with the copy trading platform, making this broker a good all-round option.

If you are looking for alternatives to TeleTrade we have compiled a list of the top 5 brokers that are similar to TeleTrade below. This list of brokers like TeleTrade is in order of similarity and only includes companies that accept traders from your location. I had some unpleasant experiences with brokers who prevented me from entering the market at the price I wanted. Fortunately, I occasionally discovered this broker.

The trading process gave me positive emotions. It's not the first brokerage company I tried to trade with and I can tell right away that without a stable and long-term check you can never make the right conclusions and choose the best conditions for you. What have I noticed about this company? Of course the professional approach, no matter what your problem or question is, you can always get the answer or recommendation you need. It does not depend on the amount in the account either.

The next most important plus is the cashbacks, bonus points and other things from the company. It's all really accrued and used by almost all of the company's customers. This strengthens the capital and gives confidence in the future.

The bonus system is great here, of course. But it's time to give up on MT, there are already much better platforms on the market. I trust this broker more than any other in my trading career. I tell this not only because of the smooth and trouble-free trading process, but also because I appreciate its unique features.

Previously, I was used to trading manually. However, sometimes, I feel exhausted especially when my trading day is full of breaking news. I mostly take profit on Skrill, money comes very quickly. Usually within 5 minutes. I am now "cooperating" with two traders, but I want to choose a few more.

How many traders can I "afford" with a capital of about 5 thousand? So I don't even know what to tell you. I think you need to clarify this point with the traders if there is any connection with them. Oh, you know what I thought, contact TeleTrade support! They will definitely answer your question quickly and accurately.

Some great guys are working there. Eastern Europe is the key market for TeleTrade. The broker has its roots in Russia, which is why there is no surprise that the customers from Russia are its main audience. In addition, TeleTrade has a branch and many customers in Ukraine. These two countries account for the core audience of TeleTrade.

The broker also has customers in other countries, although their number is smaller. Over the past year, the broker has actively worked on expanding in the Southeast Asia market, increasing the audience in Malaysia, Thailand and India. The commission system of the broker is based on the spread, although also commission on traded volume is applied on the ECN and NDD accounts. Let us share the results of our analysis. Please note that the broker has regional domains, where the conditions might slightly differ.

At that, for different types of accounts, not only the size of the commissions, but also the approaches to charging them differ. We have calculated how much a trader will have to pay for a trade of , units of base currency. In the table below, we provide the amount, which includes all spreads and commissions.

For example, ECN accounts are distinguished by increased reliability due to the minimum interference of the broker in the trading and better quotations on the market. ECN is a centralized system of liquidity suppliers and traders, which many professional traders prefer to choose. In addition, the broker offers the MT5 platform for the ECN account, which is better suitable for trading with advisors. In order to understand how much TeleTrade commissions differ from its competitors, we compared them with those of Forex Club and RoboForex.

We used the purchase of a lot of , units of base currency on Standard accounts of each other broker as an example. All commissions and spreads of the brokers have been included. As you can see, TeleTrade charges much higher commissions than Forex Club, but they are at approximately the same level as RoboForex. The difference is that RoboForex has special accounts with much lower commissions, while all types of accounts on TeleTrade have similar conditions.

As a reminder, a swap is a rollover interest that you earn or pay for holding your positions overnight. It is caused by the difference in the rates of financing of the issuer banks of the currencies in a currency pair. Brokers can also charge an additional service fee on top of swap. If the swap is positive, the money is accrued on your account, if it is negative — the funds are written off. Long-term investors try to work with positive swaps.

We estimated TeleTrade swap as average in the market, which makes medium-term trading with this broker justified. Many brokers offer traders from Muslim countries a swap free option, as it is prohibited to receive profit on interest in Islam. In this case, the swap can be replaced with a fixed fee. To receive advice on opening an Islamic account, we advise you to contact customer support.

TeleTrade offers precious metals trading in pairs with some major currencies. The estimated the spreads on the market as average. In case of precious metals trading, comparison of commission, once again, does not speak in favor of TeleTrade. Contracts for differences CFDs make up the bulk of the trading instruments offered by the broker. As a reminder, it is a high-risk marginal product, which should be regarded with caution.

We will review CFDs on stocks and cryptocurrencies in separate sections. As for the level of TeleTrade commissions on the CFD market, we determined them as higher than average. The commission system is based on the floating spread on the Standard account, and the floating spread and commission on traded volume on the NDD and ECN accounts.

The amount includes both the average spread and the commission on traded volume. This asset cannot be traded on the ECN account. Noteworthy, this market carries an increased risk for the traders due to high volatility and also the factor that TeleTrade operates only Monday through Friday, while the trading on cryptocurrency exchanges does not stop on the weekends.

Due to the possibility of a sharp change of the price over the weekend, a trader can get a price gap on Monday, which threatens large financial losses. Due to this, we do not recommend trading cryptocurrencies with a big leverage or leave positions for the weekend. The commission amount includes both the spreads and other commissions. We have established that trading bitcoin on TeleTrade is quite beneficial and the commission is lower than the one charged by the competitors.

At the same time, RoboForex and Forex Club offer better conditions for the majority of other cryptocurrency pairs. On the Standard account, the commission is included in the floating spread, which on the NDD account, an additional commission of 0. The specified commission amount in the table includes the spread and commission of all three brokers. Investing into the copy trading service is the key option for passive income on TeleTrade platform.

The service enables traders to connect to the accounts of the most successful traders via their personal account and copy their trades. The broker has a rather unorthodox approach to charging the inactivity fee. The fee is not specified directly, however, the customers may be charged with an additional fee when they withdraw funds. Deposits via wire transfers are not charged with a fee, but there is a withdrawal fee regardless of the method you choose.

In terms of non-trading commissions, TeleTrade does not compare favorably with the competitors. RoboForex and Forex Club offer methods of deposit and withdrawal with no fees, and also do not charge inactivity fee directly or indirectly. Experience in the market since speaks in favor of TeleTrade. However, there are issues with all other criteria. By this indicator, TeleTrade is ranked low. The broker is managed by Teletrade D. Limited, registered in Saint Vincent and the Grenadines. TeleTrade does not provide a scanned copy of its state registration, but does publish the number of the document — IBC Also, the legal address of the company is known — First Floor, First St.

Vincent and the Grenadines. As for the licenses, there are some serious questions here for TeleTrade. Up until , the broker operated based on the license for financial activity issued by the Central Bank of Russia. However, in , the Central Bank of Russia revoked the licenses of the largest non-banking brokers and TeleTrade was on the list. The reason was the numerous violations by the brokers.

There is no information about other licenses of the broker on its official website. Also, financial regulators of Ukraine and some other countries have issued warnings about TeleTrade operating without the license. Thus, a conclusion can be drawn that TeleTrade does not have a license. Therefore, the customers of the organization are not protected in any way. The company is not a member of a deposit guarantee fund.

The broker provides access to the cryptocurrency market, which is a rare thing among classic brokers and definitely an advantage. There is also a good choice of stocks and commodities here. The biggest disadvantage of TeleTrade is absence of direct access to the markets.

All types of trading assets the broker offers are available as contracts for differences. Let us remind you that CFDs are a high risk marginal instrument and the rules of risk management must be strictly observed when trading them. Factually, there is only one — copy trading service. Overall, the choice of trading instruments on TeleTrade is sufficient for the beginners, but for the professional players, the number and depth of the market access is at an average level.

TeleTrade offers access to many Forex pairs. Their total number is For example:. For example, TeleTrade has the trading pairs with the following types of currencies:. The number of trading pairs on TeleTrade is higher than average. The broker compares favorably with RoboForex, which mainly has popular trading pairs and cross rates, but nearly no exotic currencies.

In addition, TeleTrade offers more pairs than Forex Club, winning thanks to the rare pairs. The broker also offers a wide selection of CFDs. The total number of types of contracts is TeleTrade offers CFDs on stocks. In the list, you will find the stocks of top American, European and Russian corporations. There are Asian companies on the list as well, but not many. TeleTrade also offers derivatives on indices.

Their number is average, at For example, on TeleTrade, you can use the following types of trading instruments from this group:. For example, Forex Club offered almost twice as many options, although compared to RoboForex, TeleTrade does offer a good choice. Diversity of cryptocurrencies is also worth mentioning. There are 19 trading pairs in total. The broker offers access to trading the following types of cryptocurrencies:.

However, it is worth noting that only the trading pairs of the cryptocurrencies with USD are available. Commodities on TeleTrade are represented with metals, raw materials and energies. Noteworthy, all types of commodities available for trading are available only as CFDs. The broker offers access to three types of energies — Brent oil, natural gas and WTI oil. There are 8 types of contracts on raw materials and agricultural commodities.

In particular, you can trade the following types of instruments:. There are 24 instruments and trading pairs in commodities on TeleTrade. By this indicator, the broker compares favorably with many competitors.

In particular, the number of contracts on commodities on TeleTrade is bigger than on Forex Club and much bigger than on RoboForex. You will need only a minute to open an account on TeleTrade. The procedure is elementary, fully automated and does not involve any difficulties.

In addition, TeleTrade has many types of trading accounts, including ECN and cryptocurrency accounts. Also, a demo account is available. There is only one drawback in terms of this aspect of the broker — low number of base fiat currencies. It is hard to find other substantial drawbacks in terms of registration and trading accounts on TeleTrade.

There is no minimum deposit requirement on TeleTrade. The broker also does not have any restrictions on minimum transactions, depending on the payment methods. Therefore, TeleTrade is well suited for the beginners and customers with small capital. Absence of requirements for minimum deposit, however, cannot be considered a serious advantage of TeleTrade. TeleTrade has several branches, and each of them has its own regional restrictions. To find out more, we recommend that you contact TeleTrade customer service.

Verification is mandatory on TeleTrade. In order to verify your account, you will need to upload proof of identity. TeleTrade accepts the following types of documents:. You need to provide the number of the document the first time you fund your account and upload a scanned copy of it to the service after that. Noteworthy, proof of residence is not required. The first type of the account, Cent, envisages a possibility to trade with a small deposit.

NDD No Dealing Desk trading account provides access to interbank liquidity, although there are spreads and commissions here. In addition, marginal trading becomes available to the users on this account. The third account type — Sharp ECN provides customers with expanded possibilities.

The users, who open this type of account can use additional timeframes, analytical instruments, indicators and receive access to two systems of order accounting. The special feature of TeleTrade is the cryptocurrency account. You can use Bitcoin as the base currency. The trading conditions on the cryptocurrency account correspond to the conditions of the Professional account.

Demo account is available to customers on TeleTrade. The company provides it for free and without any time limits. It takes one minute to open a demo account. The registration form is very simple. TeleTrade provides the following options for a demo account:. This way, you can test all types of trading accounts without opening a real account.

The Demo Account button stands separately from the main registration. Demo account can be opened without opening a real account. TeleTrade offers four main types of accounts for its customers. Below is a detailed review of each of them. It is very easy to open an account on TeleTrade. There are only two steps. In order to register with the broker, you need to fill out a simple form.

It includes the following boxes:. You also need to accept the Privacy Policy of the broker and press Become a Customer button. You will be offered to confirm your phone number using a code that will be sent to you as a text message. To activate the account, you need to follow the link that will be sent to you in an email. After you register, you need to choose your account type.

For this, you need to go to the Fund Account tab, where the broker will offer you to choose a suitable account. In addition, you can choose here the suitable platform MT4 or MT5 , preferred leverage and account currency. To start trading, you need to verify your account and provide the broker with the scanned copies of the documents. TeleTrade, however, does offer one important edge — you can use Bitcoin as a base currency.

The competitors do not offer this option. These currencies, however, cannot be used as base; they are automatically converted into the base currency that you chose. Noteworthy, the broker has not adjusted the list of currencies to suit its core audience. The choice of deposit and withdrawal methods on TeleTrade is comparatively small. In particular, you can deposit and withdraw funds via a wire transfer.

Also three electronic payment systems are supported:. In addition, local wire transfers are available for the customers from Malaysia, Thailand, Vietnam and India. Deposit and withdrawal fees depend on the payment service you choose. Overall, the choice of payment services is not so big on TeleTrade. By the number of methods of deposit and withdrawal of funds, TeleTrade is behind its competitors, mostly due to the small number of payment systems it supports.

As for the withdrawal of funds, the same payment methods are available on TeleTrade as for deposit. The withdrawal fee is charged, and it is very high for the wire transfer — from USD The minimum withdrawal amount via a wire transfer is set at USD The timeframe is also rather long.

Even for withdrawals via electronic wallets, you will have to wait for a least a day. The choice of trading platforms on TeleTrade is standard. The company proves classic platforms MetaTrader 4 and MetaTrader 5. At that, they are available for different types of accounts. TeleTrade provides the following versions of the platforms:.

The use of classic trading platforms can be considered both a benefit and a drawback. RoboForex has special platforms. The broker uses the classic version of the platform. The security of the trading account features a standard username and password. There is no two-factor authentication, security question, confirmation of login via a text password or other additional security options. When you access the trading platform, you also need to enter the username number of your trading account and password.

You can choose the password from MT4 directly in your personal account on TeleTrade. The biggest drawback of the web version of the platform is that by default, it opens not in a full screen mode, but in a window. The main menu of the account remains on the left side of the screen. In the center of the screen, there is a chart with a review of quotations on the asset. The users can set the interface by choosing one of the options:.

You can also set a suitable timeframe. Timeframes from one minutes to 1 month are available on the platform. By default, TeleTrade offers 33 indicators and over 50 instruments for technical analysis.

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Forex Trading Education with TeleTrade!

Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID. Since , TeleTrade has provided access to trading on financial markets to millions of traders around the world. Make money on differences in currency rates. TeleTrade is one of the world's leaders in Forex market that keeps up with global trends of foreign exchange trading to provide its clients with the latest.