TeleTrade.eu offers its clients a choice of 200 financial instruments for trading on the MetaTrader 4 and 5 respectively.
Tele Trade is asking a minimum deposit of $/€100 across its 3 account types.
On top of this, the broker is promising traders real ECN and NDD trading environment where they can get leverage starting 1:200 and up to 1:500.
This is a good environment for trading especially if you have a proper Forex robot or are investing in profitable Forex signals.
TeleTrade is also claim that the platform offers competitive bids and ask quotes, low slippage and variable spreads.
The only difference between account types is that some are restricted in terms of how many instruments they can trade.
TeleTrade.eu is EU-regulated as they have stated on their website that they are under CySEC.
The company that runs the affairs of this broker is known as TeleTrade-DJ International Consulting Ltd and its other website is teletrade-dj.com.
Is TeleTrade.eu legit broker?
There are many things to consider before answering this question.
The first thing we will consider is how long this broker has served the industry.
According to their marketing materials, TeleTrade has 25 years of global excellence.
We’re not able to find evidence that supports this marketing proclamation.
The domain TeleTrade.eu first appeared on the internet sometime in 2013.
Only their standard account has requotes while the other two do not experience any requotes.
Copy trading is also provided by other more experienced traders on the platform.
While TeleTrade looks like a decent Forex broker and a legit one, there is something that makes them feel different from our recommended brokers.
They’re suspected to have submitted multiple fake positive reviews at FPA forum.
When a broker engages in such activities, they come across as desperate.
If their service is this good, they should not struggle to get clients or even write fake reviews on other platforms to win the trust of their clients.
Conclusion
Tele Trade is doing everything else right. But we’re afraid that we can’t recommend them just yet.
We do not know what the motive was for submitting fake reviews on other reviews platform.
We’re not going to recommend them at this time but this verdict may change.
The broker has a long history. Now it`s a popular company. But there is nothing about it that really sticks out. There is a nice loyalty program. TeleTrade pays bonuses for registration and funding. Then customers can exchange bonuses for real money. It`s interesting solution. But not much money in this activity.
I don’t know what kind of case it is on FPA, maybe they were framed by competitors, or maybe the company decided to boost own rating. In any case, I hope that everything will be resolved in the right way.
The only thing I am sure of is that trading here is really OK, I have been trading for 5 years and I’ve never faced any problems. So I recommend this broker!
Interesting information. As far as I know, Teletrade has no restrictions on the minimum deposit amount. A trader can fund any sum into his live account and start trading. Of course, not all options will be available with a $1 deposit. Although I think it will not be a problem either at a Cent account) I like the company because of this approach. I like that they don’t try to make the client deposit a large amount of money into the account.
I use their Sharp ECN account and I’m quite satisfied with it. As a scalper, I chose it for their low spreads starting at 0,2 pips. On the other hand, I would better stick with fixed ones. Unfortunately, Teletrade doesn’t offer fixed spreads. In general, it’s possible to trade profitably with variable spreads, but some exotic currencies may rip you off with suddenly extending spread, thus making scalping in a tight range a daunting task. Fortunately, it only applies to some exotic instrument. I can trade majors such as EUR/USD without such a hassle.
I appreciate their bonus initiative. I heard with this broker, it’s possible to exchange bonus credits for real money (up to $10,000). I’m going to sign up to check it out. If they encourage even for such simple things as signup, it’s definitely worth trying.
This is a veteran broker operating in the industry for a long time. At least in Europe, it has very few true rivals, from my point of view. I can’t understand what’s the point in digging in all this juristic intricacies of regulation, while the whole essence of any broker is rooted in its trading conditions and a possibility to withdraw money with no hassle. Teletrade meets these two criteria and I prove it as their client.
The very first thing I expect from any broker is a smooth and hassle-free trading process. I want this company to place my market order at the exact price I specified by myself. Of course, the price may change a lot during times of high volatility, but when a broker manipulates prices, it’s always clear. Fortunately, I don’t see this when trading with TeleTrade.
Secondly, I want my broker to support enough payment methods and never delay my withdrawal requests. In this regard, Teletrade doesn’t disappoint me too.