Overall Rating: ★★☆☆☆ (2.3/5.0)

TeleTrade is a long-standing forex and CFD broker founded in the 1990s, offering access to currencies, stocks, indices, commodities, and cryptocurrencies. Known for its past prominence in Eastern Europe and Russia, TeleTrade has attempted to expand into the European market under CySEC regulation. Despite this, the broker’s platform offering, cost structure, and overall transparency have not kept pace with top global competitors. While it maintains a presence across several countries, its regulatory limitations and mixed reputation make it a less favourable choice for modern traders.

This review assesses TeleTrade’s features, regulatory status, pricing, and whether it’s a suitable broker for retail clients in 2025.

Key Features

TeleTrade promotes itself as a multi-asset broker with personal account management and educational resources, though the offering feels outdated in places.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
• Markets Offered:
  • Forex, indices, commodities, stocks, ETFs, crypto CFDs
  • 200+ instruments available
• Account Types:
  • Standard Account – commission-free
  • Professional Account – tighter spreads, with commissions
• Leverage:
  • Up to 1:30 for EU retail clients (CySEC)
  • Up to 1:500 for offshore clients
• Minimum Deposit:
  • $100
• Funding Methods:
  • Bank transfer, credit/debit cards, Skrill, Neteller, local payment systems

Regulation and Security

TeleTrade operates under CySEC regulation for its European entity, but it also has offshore branches with less stringent oversight.

• CySEC (Cyprus) – [Licence No. 158/11]
• Offshore entities in unregulated jurisdictions
• Segregated client accounts under CySEC
• Investor compensation scheme (ICF) for EU clients
• No guaranteed negative balance protection for offshore clients
• Limited transparency about entity clients are onboarded under

Traders should verify which entity they are signing up with, as protections differ widely.

Pricing and Costs

TeleTrade is less competitive on pricing compared to leading ECN brokers. Costs are embedded in spreads or commissions depending on account type.

• Spreads:
  • From 1.8 pips on major forex pairs (Standard Account)
  • Raw spreads available on Professional accounts
• Commissions:
  • $8 per lot round-turn (Professional account)
• Deposit/Withdrawal Fees:
  • Deposit fees depend on payment method
  • Withdrawal fees are applied in most cases
• Inactivity Fee:
  • Yes, but not clearly disclosed

Educational Resources and Customer Support

TeleTrade has traditionally emphasised local seminars and personalised support, though its online education is more basic compared to industry leaders.

• Education:
  • Webinars, glossary, and MT4/MT5 tutorials
  • Local training centres in some regions
• Market Analysis:
  • Occasional blog posts and market commentary
• Customer Support:
  • 24/5 support via phone, email, and chat
  • Regional office support in certain countries
  • Mixed reviews on responsiveness

Risk Management Tools

TeleTrade’s platforms provide standard risk management tools, but advanced protections are not guaranteed across all entities.

• Stop-loss, take-profit, trailing stop orders
• No guaranteed stop-loss
• Negative balance protection offered only under CySEC entity
• No margin protection features for offshore clients

Pros and Cons

Pros

• Regulated by CySEC (EU clients covered under ICF)
• MT4 and MT5 platform support
• Multi-asset offering
• Personalised support in certain regions

Cons

• Wider spreads and higher commissions than competitors
• Inconsistent protections across jurisdictions
• Lack of platform innovation
• Education and analysis tools are basic
• Offshore registration creates ambiguity for global clients

Conclusion: Is TeleTrade the Right Choice?

TeleTrade is no longer a leading force in the retail trading space. While it holds CySEC regulation and offers MT4/MT5, it is outpaced by more innovative, lower-cost brokers with clearer protections. Its global structure lacks transparency, and its cost structure is less competitive than industry leaders. Retail traders seeking lower spreads, more platforms, and stronger educational tools should consider brokers like Pepperstone, IC Markets, or AvaTrade.