TeleTrade Review 2023

/ 5
TeleTrade is #109 in our CFD broker rankings.

TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.


Demo Account

Award Winning

MetaTrader 4
MT4, MT5
Forex, CFDs, indices, shares, commodities, cryptocurrencies
Neteller, Skrill, Visa, Yandex Money, QIWI
and 2 more

Forex Trading

Participate in the global currency market with leveraged trading.

Stocks Trading

Speculate on the price of shares in leading companies.

CFD Trading

Diversify your portfolio by trading in multiple financial markets.

Crypto Trading

TeleTrade offers a range of popular and emerging crypocurrencies.


  • 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

TeleTrade offers forex and CFD trading through ECN and NDD accounts. This broker review explores the minimum deposit requirements and the registration process, as well as additional features including economic calendars, news and bonuses. Find out whether to log in and start trading.

TeleTrade Details

Established in 1994, TeleTrade is an EU-licensed CFD and forex broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). Over the years TeleTrade has picked up multiple international awards while building a substantial client base.

The multi-asset broker caters to retail and professional clients offering the award-winning MetaTrader platforms as well as the group’s own copy-trading solution – TeleTrade Invest.

TeleTrade’s forex and other trading products are available to clients worldwide, from Ukraine and Russia to Greece, Romania Malaysia, the Philippines, Qatar, Vietnam and Egypt.

MetaTrader Platforms

This review was pleased to see TeleTrade offers both MetaTrader 4 and MetaTrader 5 platforms, which can be downloaded onto desktop PCs, or accessed straight from an internet browser. The MetaTrader suite offers powerful multi-asset trading, suited to different investment styles and experience levels.

MetaTrader platform
MetaTrader platform

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. There’s also a wide range of CFDs available, including agricultural commodities, precious metals and energies, plus dozens of global indices and stocks.

Price List

TeleTrade offers tight ECN spreads with the MT5 account, starting from 0.2 pips for EUR/USD. However, with the Standard MT4 account, spreads are around 1.6 pips for the same pair.

Commission-free trading is available with the Standard MT4 account, but there is a 0.007% and 0.008% commission with the NDD and ECN accounts respectively.

Other fees include swap charges on overnight positions and a €50 inactivity fee on accounts left inactive for 3 months.


Maximum leverage of 1:500 is available for professional clients. Otherwise, leverage limits for retail clients range between 1:2 and 1:30 depending on the asset traded. Margin requirements are provided on the website.

Mobile Apps

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.

TeleTrade mobile analytics
TeleTrade mobile analytics

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. There’s also a good range of custom indicators and advanced order types available.

MT5 mobile app
MT5 mobile app

Payment Methods


Funding in EUR or USD is available via bank wire transfer, credit/debit cards, and e-wallets including Skrill, Neteller, and Fasapay. 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:

Upon login, head to your personal account page to make deposits and withdrawals.

Demo Account

TeleTrade offers a demo account with a default $50,000 virtual balance, providing access to real-time trading on over 200 instruments. 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.

TeleTrade Welcome Bonus

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.


TeleTrade-DJ International Consulting is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC), under license number 158/11. TeleTrade also operates under the Markets in Financial Instruments Directive (MiFID) which regulates financial services in the EU. 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.

This review is comfortable that the TeleTrade group of companies are trustworthy.

Additional Features

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 interest rates
TeleTrade interest rates

TeleTrade also offers its own copy trading platform, TeleTrade Invest, which allows investors to mirror the positions of experienced traders.


TeleTrade offers 3 account types that determine access to the MetaTrader platforms: Standard (MT4), NDD (MT4), and Real ECN (MT5). All accounts require a minimum deposit of 100 USD/EUR and a minimum contract size of 0.01 lots. Hedging is also allowed in all three accounts.

The Standard MT4 offers the highest spreads starting from 1.1 pips but is commission-free (apart from 0.1% on CFDs on US stocks). The other two commission-based accounts offer tighter spreads.


Trading with TeleTrade comes with multiple benefits:


TeleTrade could improve its rating in the following areas:

Trading Hours

Session times for precious metals are 00:05 – 22:55 (Monday to Friday) UTC+2. For cryptocurrencies, trading times are 00:00 – 24:00 (Monday to Thursday) and 00:00 – 22:59 (Friday) UTC+2. All other asset opening times vary and are provided in the trading conditions.

Customer Support

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: or (+357) 22314160. There are also additional EU support offices located in Portugal, Hungary, Italy, and Poland.


The MetaTrader platforms are guarded with 128-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.

TeleTrade Verdict

TeleTrade is a longstanding EU-regulated broker offering competitive No Dealing Desk and ECN accounts on the MT4 and MT5 platforms. Traders can access hundreds of diverse assets with a $100 minimum deposit. Investment opportunities are also available with the copy trading platform, making this broker a good all-round option.

Accepted Countries

TeleTrade accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use TeleTrade from United States.

Payment Methods

TeleTrade Details

Minimum Trade 0.01 lots
Regulated By CySEC
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Trade Signals Yes
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread 1.9
GBPUSD Spread 1.3
Oil Spread 0.09
Stocks Spread Variable
Leverage 1:30 Retail, 1:500 Professional

Forex Trading Details

GBPUSD Spread 1.3
EURUSD Spread 0.9
EURGBP Spread 1
Assets 60+

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • ADA
  • BCH
  • BSV
  • BTC
  • BTG
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LTC
  • NEO
  • OMG
  • TRX
  • XLM
  • XMR
  • XRP
  • ZEC
  • ZRX

Compare TeleTrade

Compare TeleTrade with similar brokers that accept traders from your location. Among available brokers these are the most similar to TeleTrade:

  1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
    Go to OANDA
  2. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
    Go to Webull
  3. – boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to

TeleTrade Comparison Table

Compare TeleTrade With Similar Brokers
TeleTrade OANDA Webull
Rating 2.5 4.5 4.4 4.5
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options
Demo Account Yes Yes Yes Yes
Minimum Deposit 100 EUR/USD $0 $0 $100
Minimum Trade 0.01 lots $0 $5 $1
Bonus $5,000 welcome bonus with a deposit of $500 Six free stocks
Education No Yes Yes Yes
Platforms MT4, MT5 MT4, TradingView, AutoChartist MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:30 Retail, 1:500 Professional 1:30 EU, 1:200 Global 1:200
Payment Methods 7 12 3 8
Visit Visit Visit Visit
Review TeleTrade

Compare Trading Instruments

Compare the markets and instruments offered by TeleTrade and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare TeleTrade Trading Instruments
TeleTrade OANDA Webull
CFD Yes No No Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes No Yes
Oil No No No Yes
Gold Yes Yes No Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No Yes No No
Crypto Yes Yes Yes Yes
Futures No No No Yes
Options No No Yes Yes
ETFs No No Yes No
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

TeleTrade vs Other Brokers

Compare TeleTrade with any other broker by selecting the other broker below.

TeleTrade vs


Does TeleTrade offer any no deposit bonuses? 

Due to CySEC restrictions, TeleTrade does not currently offer any deals or promotions, which include no deposit bonuses, welcome deals, or contests.

Does TeleTrade offer demo accounts?

Yes, you can open demo accounts in any of the three accounts: Standard MT4, NDD MT4, or Real ECN MT5.

How do I sign up for a TeleTrade demo account? 

Registration for a demo account can be done in minutes by clicking on the homepage’s drop-down menu and filling in the short online form.

Does TeleTrade accept clients outside the EU? 

TeleTrade mostly accepts clients within the EEA, including the UK, Greece, Romania, Italy, among others. The broker also provides its services on a cross-border basis to other areas, including Asia and Africa. This includes Indonesia, Vietnam, Ukraine, Russia, China, and Kenya.

Is TeleTrade a good broker?

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.

TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.