3.437 · 63 REVIEWS
Updated: Oct 30, 2020 · Visit site  · Is this your company?

TeleTrade is a forex broker. Tele Trade offers the MT4, MT5 and Web Trader forex trading top platform. offers over 65 forex currency pairs, gold, silver, cfds, indexes, energies, stocks, ETF, bitcoin and other cryptocurrencies, for your personal investment and trading options.
December 2016-August 2017:  Large numbers of fake and highly suspicious reviews submitted for TeleTrade.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 1994
Address: 88 Archiepiskopou Markariou III, 1077 Nicosia, Cyprus
Contact:, (+357) 22314160
Regional offices:
Regulators: CySEC #158/11
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (65+)
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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3.437 · 63 REVIEWS
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Traders Reviews

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 !! !
Riga, Latvia,
Sep 9, 2016,
Registered user

Be very careful.

I'm not providing rating, because I have not deposited any real money with this company, but I took their free forex trading courses and I won a 3000$ free bonus in their "Millionaire School" competition. In their free courses they never mention anything about risk manegement/money manegement. I didn't like their agressive marketing strategy to push me to deposit real money(minimum deposit 2000$ and minimum contract is 1 LOT!!!). Their trading platform performance was very weak - constant reqoutes and platform freezes on the currency pair you have open positions, at the same time, currency pairs on which you don't have any open positions has no freezes). Their trading conditions are very customer unfriendly, because you can't close position if the price is in 10 pips range before T/P or S/L levels. Pay attention that their offices in Russia has been closed due to illegal activities by scamming people. And don't even think about investing in their "Master Invest" programm, I was witness to a conversation between a client and Teletrade manager, where client lost all of his investment by copying trades of "Master trader" who was specilaly promoted by Teletrade. Not to mention after this "Master traders" account statistics were unavalible...
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
Lucio Raul,
mexico, Mexico,
Dec 23, 2016,

Teletrade Mexico

I am from Mexico and until now I have never had problems in anything, I have always been able to carry out my capital withdrawal, regarding the regulations I can see them directly from the Cysec and the Mifid, I also deposit 3000 USD and so far I have done well , You may need to adjust your trading strategy
Ahmed Albarbari,
Kuwait, Kuwait,
May 5, 2016,

This is a scam broker. Very bad execution. Withdrawal takes along time. Partner in Kuwait canceled them. Spread is very high. Be careful, you will not get your money back from this scam broker
Ahad Murtaza,
, Pakistan,
Oct 28, 2015,

Teletrade is scam broker.
I make about 7000$ dollar profit .but when i withdraw my funds they disable my account and ask for apostille document (residence and identifty proof). I tell them that Pakistan is not the member for APostille country. can I send you Notary certified documents..but they not reply me .so I send them Notary certified documents ID and residence proof.but they rejected it. and say send your documents attested by Foreign Affairs of Pakistan and Cyprus Consulate .then I also go to Islambad verify my documents from Ministry of Foreign Affair of Pakistan and Cyprus Consulate. almost one week procedure.then I send these documents to at their office address.after many emails they reply me

Dear Customer,

We would still need to receive properly certified IDs/passports and proof of residence. The only options we can suggest is to either complete the legalization process in the neighboring countries with the assistance of the Embassies of Pakistan there or to visit one of our Companies representative Offices with the original documentation.

It is still necessary to provide the contact details of the Notary Public, whose services were used, as instances when there are doubts on the validity of certification need to be reported.

This is reply I get from Teletrade..they are not giving my withdraw and making excuses every time .I already send documents which is fully attested and accepted in every country..but they are not accepting and not giving my 7 days gone they are not reply me at email and chat and not answering the call.they are scam and will not give withdraw If you earn.. Beware from Teletrade group of companies. I am going to Case against them.
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!
Samara, Russian Federation,
Dec 17, 2016,
Registered user

bad market maker and casino with bad rules

Hello! Has somebody ever seen the original CySec license of Teletrade D.J.Ltd? I have not. I let the Teletrade managers show me this license in Russian office many times, but I received the link with information about the lisence only! Nothing else! I am a Russian visitor of free FOREX trainings, caused by Teletrade Group. In 2015 I put about 3000 USD into my account + I got 500 USD as bonus. In demo-accaunt I made very good results. But if I started to trade with real money, I lost all it on EURUSD pair in 5 minutes, before I could see and understand, what direction the market price goes. I tried to investigate the similar cases with Teletrade in national forums and I found a lot of victims, having lost from 2000 up to 15000 USD in similar strange situations. I contacted other victims, and I know, that Teletrade D.J. doesn't have any real broker licenses and ALL INVESTED MONEY NEVER LEFT TELETRADE ACCAUNT. All Russian investor's money placed in Baltic and Armenian banks never took part in any deals with currency! The people lost money in play of bad casino, called Teletrade D.J., whose jurisdiction is on St.Vincent and the Grenadines (Caribean islands). The suffered investors cannot receive money in legal way! Stay away from this scam FOREX imitator!
Argentina, Argentina,
Jan 12, 2017,

Teletrade illegaly blocking my account (update)

Update regarding my case. I received this today:

Dear Client,

Please be informed that transactions patterns of your account(s) have been found to display consistent
characteristics of abusive trading activities prohibited by the TeleTrade Terms & Conditions, specifically,
evident indications of repeated use of trading techniques based on arbitrage not linked to market
inefficiencies as stated in par. 22.3 of the TeleTrade Client Agreement.

As abusive trading activities that aim at exploiting errors in prices and/or concluding trades at off-market
prices and/or by taking advantage of internet delays and/or by generating transactions targeting tick
fluctuations etc constitute an unacceptable practice that TeleTrade has zero tolerance for, we respectfully
notify you that we will have to discontinue providing to you any of our Services, suspend your account(s)
pursuant to par. 5.10, 20.1(g), 22.2 of the TeleTrade Client Agreement, and refund you the amounts of
money that have been deposited into your trading accounts.

In order to proceed with the above, in the view of the enhanced AML Due Diligence requirements under the
circumstances, we would have to kindly ask you to:

 Visit our office closest to your location for face-to-face verification of your identity;
 In case the closest TeleTrade office is at a considerable distance from you, which makes the above
impractical, mail to us a certified apostilled copy of your ID document, and the original document
serving as proof of your residence (such as recent utility bill);
 Furnish us with your bank account detail for us to be able to issue the refunds.

Please note that we will only remit the funds into the name of the trading account(s) holder. Please also note
that, absent face-to-face verification of identity or submission of required documents, we may be required to
escalate the case of possible identity misappropriation and report it to competent authorities.

Furthermore, any residual balances in your account(s) attributed to profits and losses from your trading
activities will be investigated within the authorities granted to TeleTrade by par. 8.11 and 22.3 of the Client
Agreement prior to making them available for withdrawal. We will inform you of the results of such
investigations in due order.

TeleTrade reserves all legal rights arising out of the Client Agreement, Operative Agreement and any
applicable laws and regulations in relation to any matter regarding your Trading Account(s) and activity.

Yours Sincerely,

Teletrade-DJ International Consulting Ltd

I made money on the account and that seems to be the only reason for them to block my funds. I place the same trades on many brokers and Teletrade is the only one accusing me of illegal trading. They are not detailing what trades are invalid, and they probably can't as they are lying, instead they want to steal my balance without further explanations.

I will request FPA's intervention in this case please.

Jan 11, 2017 - 1 Star This story started on Dec 28, 2016 when Teletrade decided to disable my account saying they will investigate my account's activity looking for possible violation of the trading terms and conditions. I've been requesting updates about the situation without luck, now they finally answered. It looks like they didn't find anything wrong with the account and they are asking me to travel all over the world to a Teletrade office (13 hours flight to the closest one plus 4 hours on the road) to "perform an additional identity verification to ensure the safety of your trading". That's nonsense!

This is clearly an attempt to block my fund illegally and I won't allow that.

Verification? Ask me for documents, for a phone call, skype call, ask me to notarize the copy of my documents, ask me to send original utility bills.... they can do many things to validate my account. They can't however force me to visit an office, this is 2017 and everyone knows how an online broker works these days.

I will provide frequent updates about this case. Maybe I'm misunderstanding the situation and they will release my funds soon, if that's the case I will let everyone know too. So far this seems to be related to have made money on the account.
Kovacs Gabor,
Budapest, Hungary,
Mar 5, 2014,


This Broker is one of the worst . Market Maker... They do not take the orders to the real Market. Big Spreads, Manipulated price, and what was amazing, 47 seconds my order has not been executed... BE AWARE ! Cheater Company
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 .
  1 trader has found this review helpful
Budapest, Hungary,
Nov 27, 2012,

Requotes.......slippage 10-15 maker with 4-5 pip spread on eurusd
Mississauga, Canada,
Jan 18, 2017,
Registered user

Very shady operation, they quote their T&Cs and ignore emails and withdrawal requests once you make a profit.

Teletrade blocked my account and currently are not processing my withdrawal requests nor are willing to reply to my emails at this point. I have close to USD 30000 in my account with Teletrade.

I have made about 100% in 3.5 months of trading. So far I have submitted two witdrawal requests one for $2500 in November and one for $1000 in December. Those requests just show as submitted, never processed nor acknowledged. My account was first suspended at the end of December.

Now they are asking me to appear in person in their office to 'legitimize myself' however I can't appear in person as they have no offices in Canada. If they had an office here I'll come right away, they also informed me that they will review my profits and possibly cancel them as they are in violation of their terms(again most of the profits were made in October and I don't accept cancelling profits that far back, regulators actually forbid cancelling trades after such a long period of time has passed, generally 24 - 48 hours is the accepted period to cancel any faulty trades.).

Very dodgy broker...SCAM... not replying to my emails, and never once have they assigned any specific person to my case who I can reach, they never sign their emails with a name but a generic signature which makes this whole company look very shady. The person I spoke to in their office informed me that he is just sales and I should contact the Cyprus office for more information.
Ancient Trader,
Europe, Lithuania,
Oct 23, 2016,

Not broker but sect

Installed their platform and got invitation for "individul consultation". Felt like recruiting into religious sect. I said to their representative that trade 1.00 lot is absurdly risky for me. The answer was astonishing: "only such risk could compel you to think. You will not have incentives to risk trading in small lots". The annoying calls from him disturbed me half a year after this.
Sabah, Malaysia,
May 5, 2020,
Registered user

Service use: Live

Length of use: over 1 Year

They tricked me to deposit more than what i initially agreed of usd1K only leading to a total deposit USD11K with the promise to give 20% to 30% bonus but not even a single cent had been given despite the fact the all amount deposited had been fully traded including some profit made. The second account was traded by teletrade trader who was recommended by teletrade mentor as a very good trader but afetr a coup;e pf months the whole balance was wiped out despite charging a fixed commission for every profit made
reggio calabria, Italy,
Feb 4, 2020,
Registered user

only the client support was ok

Service use: Live

Length of use: over 1 Year

i've been trading with them for about one year and a half: positive side the client support but it is a bit expensive because it has fee on trades and fee for withdrawals...i used also the copy trading service but i was not satisfied: so i decided to close my account....
Ljubljana, Slovenia,
Jan 19, 2015,

After over a week mailing, posting in support, requesting call backs there is 0 responce from them to make a withdrawal. They simply changed my password for WD and now am unable to WD my remained funds.

Execution is BAD and will fill you at worse possible price.
Riga, Latvia,
May 24, 2010,

I was treading real accont 1 year with teletrade and this is my experience. This is MM broker. Befor spreads was very big 5 pips on every pair. Spreads now (EUR/USD 3pips, GBP/USD 4pips, NZD,AUD,CAD/USD 4pips).
This broker hunt stop/losse levels. Manipulated with the price especially when News is published( i hawe pictures where You can see it), and there working intruding people who calling me and trying get me back to Teletrade. Now im work with a different broker, much better then Teletrade.
Stepanchuk Taras,
Chortkiv, Ukraine,
May 11, 2020,

Copy-trading VS self-trading

Service use: Live

Length of use: 0-3 Months

For me, as a newcomer to financial markets, Teletrade turned out to be a very nice option.
First I planned to trade myself solely. The broker was chosen because of positive reviews and affordable starting point. I invested only $100 in the beginning and just wanted to check how everything will go.
The fact that other traders results (if they wanted) were shown in rankings, kept me highly motivated to learn to trade professionally. I watched endless masterclasses, read books on trading and psychology. In the beginning I underestimated the importance of the mindset and this lead to a negative result on the account balance. I’ve lost $50 in only 2 weeks and I couldn’t understand why. I can’t say I was guessing the direction, everything seemed to be done according to the tech analysis. The minor changes I was making to the plan didn’t seem important, but they were in fact!
I deposited another $200 and split the money in half. 50% I left for myself, and the other half was used to follow the other trader’s system through a copy-trading platform. Even though I stopped losing that much myself, I can clearly see now - the numbers are difficult to argue with - that trading requires more experience. If I invest more, I’ll be looking more in a direction of diversifying the copy trading portfolio. Glad that the broker offers this opportunity!
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
Nesebar, Bulgaria,
Jul 28, 2020,


Service use: Live

Length of use: 0-3 Months

I find copy trading with TeleTrade one of the best offers on the market, but I think that manual trading is not so good here.
I can explain. TeleTrade is really good at copy-trading platform, as you can choose which trader you want to follow and check a lot of parameters before trading. However, spreads here are higher than other regulated brokers (by 15-20%) I think it is very high and brokers should make them tighter.
Marco Blanco,
Zamora, Spain,
Aug 5, 2020,


Service use: Live

Length of use: 3-6 Months

I have no time to trade on my own, so I just invest my money and choose trader to follow. It really works, but profits aren't as good as they can be if you trade yourself.
Palo Esa-Pekka,
Tampere, Finland,
Jul 22, 2020,

You can work here in passive format.

Service use: Live

Length of use: 3-6 Months

And I was really curious about it.
I chose several traders with high ratings, and now my capital is growing with them. And I can do other things.
Neyl Mueller,
Tallinn, Estonia,
May 27, 2020,

Good for professional traders

Service use: Live

Length of use: 6-12 Months

Professionals get a chance to manage other people's funds via master account at Teletrade's copy-trading platform. This option is mostly suitable to daytraders with a strategy that is diverse enough to make the equity curve smoother. i know it's normal to have drawdowns , but investors don't always understand that. Keeping the max DD under 25% can be a huge pro to choose your specific strategy, especially if the yearly ROI is above 80%.
Marseille, France,
Feb 12, 2020,

Masterpiece brokerage in sync-trading

Service use: Live

Length of use: 3-6 Months

Exceptional brokerage when it comes to sync--trading. I can say that I'm not profi when it comes to trading, as I never call myself an experienced trader. I don't know nothing about trading and I can fairly say that alone, relying only on my own skills, I'll never be profitable and successful. Sync-trading is thing that fix this problem and I can recomnmend this feature for everyone, who want to trade, however don't know how.