On this page, we review the TeleTrade broker. Teletrade is the name of one of the old brokers in the market, which has been serving traders and financial market enthusiasts for many years. To get more information about Teletrade broker, stay with us.
| Broker name | TeleTrade |
| Established year | 1994 |
| Spread rate | Low |
| Central office | Cyprus |
| Regulation | cysec and NBRB |
| Minimum deposit | 100 $ |
| The easiest way to deposit and withdraw | Visa and MasterCard, Skrill |
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
Teletrade is the name of one of the active brokers in the market, which has a long history in this field. Over the years, this broker has won numerous and various awards with different titles. You can find all the related details by entering the main website of this broker. Check out these awards; this broker also helps novice traders by providing services such as free webinars and numerous trainings.
Usually, most reliable brokers with security and credit have two distinct characteristics: one is having a regulation, and the other is having a long history of activity, and the teletrade broker has both of these characteristics and features, and this makes traders feel more secure when working with this broker.
Teletrade broker has cysec and NBRB regulations.
Teletrade broker has an active head office in Cyprus.
Teletrade broker is one of the experienced and long-standing brokers that started its activity in 1994. Having this experience for a broker indicates the quality of providing teletrade services.
| Profile / account name | Sharp ecn | NDD | Standard |
|---|---|---|---|
| Minimum deposit for opening | 100 $ | 100 $ | 100 $ |
| Spreads | Starting from 0.2 | Starting from 0.2 | Starting from 0.2 |
| Commission | 0.008٪ | 0.007٪ | 0 |
| Maximum leverage | 1:500 | 1:500 | 1:500 |
| Ability to trade currency pairs | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes |
| Scalp permission | Yes | Yes | Yes |
| Permission to use Expert | Yes | Yes | Yes |
According to the above table, the teletrade broker offers traders three types of multiple trading accounts, which we will examine in detail below.
You can open a standard account in teletrade broker with a minimum deposit of $100 and enjoy commission-free transactions; the spread of this account starts from 0.2 pips, and the maximum leverage ratio that can be used in it is 1:500.
In order to open an NDD account, you must deposit $100. This account has features such as: 0.007% commission, starting spread from 0.2 pips and maximum leverage of 1:500.
It is possible to open a sharp ecn account in the teletrade broker with a minimum deposit of $100. Also, by opening this account, traders can benefit from maximum leverage of 1:500 in their transactions. This account has a floating spread that starts from 0.2 pips and commission. It is also 0.008%.
All three trading accounts available in the teletrade broker have a floating spread; the starting spread in all these accounts is equal to each other and starts from 0.2 pips.
The teletrade broker makes it possible for traders to make the most of transactions without swaps and overnight interest by having an Islamic account.
The minimum deposit amount in all teletrade broker accounts is the same, and users can open any teletrade broker account they want with a minimum deposit of $100.
You can use several methods for depositing and withdrawing at the teletrade broker, such as wire transfer, Visa and MasterCard, Skrill and Neteller, and the leading site of the teletrade broker has provided traders with more information about depositing and withdrawing matters, which you can take advantage of.
Brokers usually encourage users to invest in their brokerage by offering bonuses or incentive plans; these plans are lovely, sometimes, they can be withdrawn, and sometimes they cannot be withdrawn, but currently, there are no incentive plans in the teletrade broker. It is not provided to users.
Identity verification in the teletrade broker requires documents to verify personal information and address, for which you can use documents such as ID cards, passports, etc., as well as sending documents such as water and electricity bills and bank statements to confirm your residence. And… it is necessary.
Tradable and trading assets in the teletrade broker include symbols such as digital currencies, currency pairs, indices and stocks, energy, etc.
You can use MetaTrader 4 and 5 trading platforms to trade in teletrade broker; you can click on the links below to download and receive these platforms.
As the name of copy trading suggests, users can use this method, which the teletrade broker also supports, to copy the transactions of other traders, of course, paying attention to points such as: choosing the best strategy for copying transactions, considering The profit and loss limit of transactions, the amount of commission paid to the trader and other points is significant so that you can ask your questions to our website consultants through the communication channels of the site regarding the copy trading system.
Teletrade broker has more than 20 years of experience, and until now, our audience and users who have used this broker have not given us any reports about the fraud of this broker.
