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Updated: Jan 13, 2020
2.278 · 21 REVIEWS
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December 2016-August 2017:  Large numbers of fake and highly suspicious reviews submitted for TeleTrade.

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TeleTrade is a forex broker. TeleTrade,offers the MT4, MT5 and Web Trader forex trading top platform. offers over 55 forex currency pairs, gold, silver, cfds, indexes, energies, stocks, ETF, bitcoin and other cryptocurrencies, for your personal investment and trading options.

Broker Details

Minimum Trade Size:0.01
Maximum Leverage:500:1
Minimum to Open Live:$100
Address:88 Archiepiskopou Markariou III, 1077 Nicosia, Cyprus, (+357) 22314160
Regional offices:
Regulators: CySEC #158/11
Prohibited countries:
Trading platforms:MT4, MT5, WebTrader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Cryptocurrencies:(20+) Bitcoin, Litecoin, Ethereum
CFD:(140+) Gold, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods:Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill
Withdrawal Methods:Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill

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2.278 · 21 REVIEWS
Forex Peace Army

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Consumer Reviews

Lourenсo Macedo,
Maia, Portugal,
Dec 11, 2019,

Brokerage that meets my expectations

Service use: Live

Length of use: 6-12 Months

This is one of the most trusted brokers that work worldwide. Every trader I know, knows of Teletrade. One of them even participates is TT rankings and earns extra $$$ when others choose to follow his strategy. I am not yet that good in trading myself, but I do my best. When it was time to choose my own brokerage for live trading I didn't have to think much because I've already had some nice review on Teletrade from people I know personally. It's been two month and several dozens of trades since I;ve funded my account. So far so good. No slippages and requotes, no hidden fees. This is actually what I was hoping for and my expectations have totally been met.
Leomid G.,
Pskov, Russian Federation,
Dec 6, 2019,

The choice of professional traders

Service use: Live

Length of use: over 1 Year

I'm an old trader and have tried quite a few brokerages before finally stuck to TeleTrade. My experience is over 10 years of forex trading and another year I've wasted on binaries looong time ago. To tell the truth it was much easier to learn the technical analysis, than find a decent brokerage. I hope this review will help other traders skip some unnecessary steps and save a few deposits. Spreads and commissions that most traders pay so much attention to are not that important in real life. They would have been if all brokerages were doing their business honestly. Unfortunately most of them don't. In 2015 I finally came to realization that either I have to get used to wider spreads with regulated brokerages, or get ready to hire a full-time lawyer to sue those cheap brokerages that only allow withdrawing your deposit and profits once you send them a subpoena. Yeah, I've had such an experience a few times. Teletrade has got all the necessary licenses and is regulated by CySEC, which I think is the most reliable European regulator. I received the other important insight a year ago when I got seriously ill. Before that I thought that my professionalism in trading will always be the best source of an income for me and my family. In fact it was for a long while. However this illness made me turn to investment opportunities that teleTrade offered. It was really hard for me to let the broker copy somebody else's trades on my personal account. Fortunately I could choose myself which accounts to follow. I was not choosing the top ones from the rank, but chose among equities that totally corresponded my view on appropriate drawdown levels and reasonable profitability. When I got better I started trading on my personal account again, but now I can relax a bit, cause I still diversify my trades with TeleTrade's copy trading solution. Great brokerage with some excellent features and timely withdrawals. Totally recommend!
Santos, Portugal,
Jul 1, 2019,

TeleTrade is without a doubt the best broker in Europe

Service use: Live

Length of use: 6-12 Months

The high qualification of the company’s personnel and high level of service makes it an incredible experience. I am very grateful to all the experts.
Miranda, Portugal,
Jul 1, 2019,

Best broker

Service use: Live

Length of use: 3-6 Months

TeleTrade is the best broker to trade fx. Best order processing. Profit recovery easily. Excellent customer support. I highly recommend Teletrade !! !
Jun 12, 2019,
Registered user


Service use: Live

Recently, I have been investing more in different projects, as there is not enough time for trading. In teletrade connected to the trader, chose with risk 1, its ok for me
Nairobi, Kenya,
Apr 2, 2018,
Registered user

Resolve of case and Apology to Teletrade

As I had raised an issue earlier with teletrade-dj. I feel I have to come back to this forum and say that I was the one who did not understand how to use Metatrader, and that I caused all the financial loss I experienced on my own . Teletrade-dj is so kind that mr Fortune Oriaware has explained in detail how to use Mt4. Now I will trade with mire caution.Am sorry for the negative comment about Teletrade , I would prefer to delete it, but it is not possible due to the policy of Forex peace army. .Regard. Njeri
Serbia and Montenegro,
Jan 18, 2018,
Registered user

I've been their client since July and I'm not satisfied . I share my personal experiences.

When I started working with them, I realized that my biggest problem in Forex are not news, trends, price movement, but their spread . I quickly realized that this broker will close my account in SL very quickly but when the price reaches the TP it will not close it with profits but will let it come to the next SL. . Very large and unpleasant spread .

I completed my education on Forex trading with their representative in Belgrade, Serbia At the end of our studies, we are presented with a "master invest" program that offers "experienced traders trading for us". In order to enter the "master invest" program, it is necessary to have 2,000 "money units" ( EUR or USD ) in the account and then you can choose the "experienced traider" who will work for us. When I entered this program I had the feeling that I was in the "black hole" ?!

Soon I discovered that a large number of "master traders" on their list uses very risky strategies, many of them do not set up SL and the what is worst great number of them appear at the top of the list and after a couple of weeks make a loss and completely disappear from their list . I came quickly in a situation where I do not know whether to get out of the program or to try to recover the invested funds ? Now I know that it was better for me to get out .

When problems already started I found out that the only condition for a "master trader" is that he has 2,000 "money units" in his account and that literally anyone who fulfills it can become a "master trader" ? !! I was shocked by the knowledge that such a serious broker (what they say they are) puts the resources of its clients at disposal to anyone who registers in the "master trader" program ?! And how their profit is calculated is just another story.

It is also true that there is some "investor protection" mechanism, but it feels like it can only work if the trader has great many open positions and if I have a high commission . And the question is how many of them are currently on their list ?!

As I wrote, I present my personal experiences and I would love to have someone who has a different experience with a this broker.

At present, there is a very large economic crisis in my country of Serbia Many people are looking for a job that is not related to our country so there are many of them (including myself) who are studying and preparing for the Forex trading. I would just warn you to ask first questions and do not go into the investment until everything is clear to you.. Inquire what is "spread" and "ask and bid" prices and how it affects your work and be very careful with the "master invest" program otherwise you will end up like me .
May 11, 2017,
Registered user

I have account at Teletrade and until now everything works fine with withdraws and requests
Mar 21, 2017,
Registered user

Funds withheld

Traded with them since Dec2016. However, when trying to withdraw funds using bank transfer since 17Feb2017, the withdrawal request page kept asking for bank details to be filled with Latin characters when the site is in English. Informed them of the issue with screenshots and multiple emails reply from them telling me to remove any punctuations, till now ain't solved.

Tried using another option of transfer via Skrill, no news from them for 2 weeks. It's either they are trying to steal money or technically they are c***. Traders beware!
Prague, Czech Republic,
Mar 9, 2017,
Registered user

Best broker for me

I have two acc in TT. First one is synch (2years) and second i trade myslelf.ˇ(05 years)
At synchr i have 40% profit p.a. and at self trade just 10% right now