TeleTrade Review 2024
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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 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 #91 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 |
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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 safer options.
Top 3 TeleTrade Alternatives
These brokers are the most similar to TeleTrade:
- FP Markets - Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- GO Markets - GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
- Admiral Markets - Admirals is a multi-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.
TeleTrade Feature Comparison
| TeleTrade | FP Markets | GO Markets | Admiral Markets | |
|---|---|---|---|---|
| Rating | - | 4 | 3.9 | 3.6 |
| Markets | Forex, CFDs, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | CFDs, forex, indices, shares, energies, metals, cryptocurrencies | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting |
| Minimum Deposit | $100 | $40 | $200 | $100 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | CySEC | ASIC, CySEC, FSA, CMA | ASIC, CySEC, FSC of Mauritius | FCA, CySEC, ASIC, JSC, CMA, CIRO, AFM |
| Bonus | - | - | - | - |
| Education | No | Yes | Yes | Yes |
| Platforms | MT4, MT5 | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5 |
| Leverage | 1:30 (Retail), 1:500 (Pro) | 1:30 (UK), 1:500 (Global) | 1:500 | 1:30 (EU), 1:500 (Global) |
| Visit | ||||
| Review | TeleTrade Review |
FP Markets Review |
GO Markets Review |
Admiral Markets Review |
Trading Instruments Comparison
| TeleTrade | FP Markets | GO Markets | Admiral Markets | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | No |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | No | Yes |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | Yes | No | No |
| Futures | No | No | Yes | No |
| Options | No | No | No | No |
| ETFs | No | Yes | Yes | Yes |
| Bonds | No | Yes | No | Yes |
| Warrants | No | No | No | No |
| Spreadbetting | No | No | No | No |
| Volatility Index | No | Yes | No | Yes |
TeleTrade vs Other Brokers
Compare TeleTrade with any other broker by selecting the other broker below.
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| TeleTrade offers ECN accounts with tight spreads & powerful trading platforms. | ||