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TeleTrade Review 2021 - Pros and Cons Uncovered
Abstract：TeleTrade review, all you should know before trading. Updated for 2021. Analytics from forex traders and the Most relevant customer reviews about TeleTrade. Full detailed analysis of TeleTrade services: trading conditions, licenses, types of accounts, minimum deposit.
TeleTrade is one of the largest brokers in Eastern Europe. The company has been in the market since 1994, providing not only access to financial markets, but also extensive educational services. Over time, the company has gone beyond the East European market, although remaining most popular in the former Soviet countries.
TeleTrade offers several types of trading accounts with different conditions and a rich program for learning how to trade. Financial analytics is one of the key features of the broker, more specifically a large number of videos of own production.
Over the period of its operation, the broker received 35 different awards, including Most Reliable Forex Broker of 2017 by Masterforex V EXPO, Best Broker of the CIS 2017 by IAFT Awards (International Association of Forex Traders), and Best Forex Broker for Beginners by KROUFR in 2016, etc.
The weakest spot of TeleTrade is absence of the license. The companys license issued by the Central Bank of Russia was revoked due to the violations and since then the broker has been operating based solely on its own regulations.
| Pros | Cons |
|---|---|
|
|
Key features of the broker
| Regulation | Not regulated
|---|
| Commissions and fees | Average
| Demo account | Yes
| Minimum deposit | 1 USD
| Inactivity fee | Inactivity fee may be charged for withdrawal of funds. The size of the fee is unknown
| Period for opening an account | 5 minutes; taking into account verification – up to 2 business days
| Leverage | Up to 1:500
| Markets | Forex, CFD
| Options for passive income | Copy trading
| Support languages | Russian, English, Spanish
| Withdrawal fee | Depends on the payment system
| Withdrawal to credit/debit card | Yes
| Deposit and withdrawal via cryptocurrencies | Yes
| Deposit from electronic wallets | Yes
| Account currencies | USD, EUR, GBP, BTC
| Deposit bonus | 100%
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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