TeleTrade

Trading Platform

TeleTrade is a multinational online trading brokerage with a wide array of customers from various countries. As well, they service traders from all experience levels and trading backgrounds. Therefore, TeleTrade offers their diverse range of traders 3 sophisticated trading platforms to choose from. See an overview of these platforms and what they have to offer below.

MetaTrader Web Terminal

This trading platform has a similar look and feel to the downloadable MetaTrader platforms, but this one is entirely web-based and can be accessed from nearly any type of modern computer. The main features incorporated into this platform include:

• Place and execute various types of advanced orders
• Receive real-time market quotes
• Customizable charts
• View charts in 9 different time periods
• Basic analytical tools (horizontal, vertical and trend lines, equidistant channel and Fibonacci retracement)

MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

These two platforms are by far the most advanced trading platforms offered by TeleTrade. They require the trader to download the platform to their desktop computer because of how sophisticated they are. The two platforms are relatively the same, with the MT5 platform being an upgraded version of the MT4 platform. Both platforms feature a highly advanced charting package, complete with numerous analysis tools and technical indicators. One of the most advanced features unique to the desktop versions of these platforms is the integration of “Expert Advisors” (EAs), which are programmable scripts and indicators for automated trading.

All the platforms mentioned above are highly reputable in the industry and have been formatted beautifully for the TeleTrade brand. Both the MetaTrader desktop platforms have downloadable mobile apps for Apple and Android devices, and the WebTrader platform is compatible and optimized for mobile web browsers.

Exchange Markets

TeleTrade offers their traders over 200 tradeable instruments across 7 different markets including Forex and CFDs on Precious Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Among these assets there are nearly 70 currency pairs consisting of Majors, Minors and Exotics, 7 CFDs on metals including Gold, Silver, Palladium, and Platinum, 9 leading global Indices, 3 CFDs on Energies including Brent Crude Oil, WTI Crude Oil, and Natural Gas, over 90 different types of stocks, 9 different CFDs on ETFs, and 9 CFDs on different Cryptocurrencies. All in all, clients with TeleTrade have plenty to choose from when trading with them.

Fees and Commission

TeleTrade charges a mix of commissions to their traders which are dependent on which trading account they have. TeleTrade offers trader three different type of trading accounts; Standard Account, NDD Account, and Sharp ECN Account. See below the associated fees and commissions with these accounts.

Standard

• No commissions
• Variable spreads from 1.1 pips

NDD

• Has commissions
• Variable spreads from 0.8 pips

Sharp ECN

• Has commissions
• Variable spreads from 0.2 pips

Security and Fairness

TeleTrade’s primary concern is the protection of their clients and their funds. Therefore, TeleTrade employs the most sophisticated security measures for the protection of their clients. Clients’ funds are held in leading European bank accounts which are segregated and provide a risk management system with negative balance protection. Also, clients are protected by the Investor Compensation Fund (ICF), which ensures they receive compensation in the even of fraudulent practices. Another level of protection is from the regulation of the Cyprus Securities and Exchange Commission (CySEC). This regulatory body ensures that TeleTrade follows best practices and remains fair and transparent with their services. That being said, TeleTrade is a very safe, secure, and fair online trading brokerage.

Support

TeleTrade has very impressive customer support which is very professional and quick to respond. The support received is personalized and provided by local support representatives to your region. While the support received is impressive, the only support options are via telephone and email and are available Monday to Friday from 9:00 – 18:00.

Conclusion

TeleTrade is one of the most successful online trading brokerages in Europe and has seen great success internationally around the world as well. The broker offers traders a variety of trading platforms to choose from and features over 200 tradeable instruments. TeleTrade has an excellent reputation, is fully regulated, and has won over 30 international awards. The customer support offered by TeleTrade is quite good, and the broker cares about their clients and their safety. All in all, TeleTrade is a very good online trading brokerage to deal with.

TeleTrade Q&A

The following are the common questions that customers inquired about TeleTrade.

Is TeleTrade regulated?

Yes, it is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Is TeleTrade a scam?

No, TeleTrade is a legit broker with an excellent reputation.

Where is TeleTrade based?

TeleTrade is located at 88 Archiepiskopou Markariou III, 1077 Nicosia-Cyprus.

Screenshot