TeleTrade Forex Broker

TeleTrade Review SummaryFounded1994Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, Metals, Indexes, Energies, CFD US Stocks, CFD EU Stocks, Cryptocurrencies, Commodities, BondsDemo Account✔LeverageUp to 1:500SpreadFrom 0 pipsTrading PlatformMT5, MT4Minimum Deposit$10Promotions✔Customer SupportOnline robotPhone: 442080895636Email: support@teletrade.orgAddress: Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the GrenadinesRegional RestrictionsUS, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countriesTeleTrade Information TeleTrade is a well-known and long-history broker founded in 1994 that offers a variety of trading products including Forex, Metals, Indexes, Energies, CFD US Stocks, CFD EU Stocks, Cryptocurrencies, Commodities, Bonds. It provides MetaTrader 5 and does not provide services to residents in certain areas.Pros and ConsPros Cons Long historyUnregulatedUp-to-date analytics 24/7Regional restrictionsVarious trading productsCommission fees chargedMT4 and MT5 availableDemo account offeredLow minimum deposit of $10Popular payment optionsIs TeleTrade Legit? No. TeleTrade has no regulations currently. Please be aware of the risk!What Can I Trade on TeleTrade? TeleTrade offers trading services on Forex, Metals, Indexes, Energies, CFD US Stocks, CFD EU Stocks, Cryptocurrencies, Commodities, BondsTradable Instruments Supported Forex✔Indexes✔Commodities✔Energies✔CFD US Stocks✔CFD EU Stocks✔Bonds✔Cryptos✔Metals✔Options❌ETFs❌Account Type There are four account types on the TeleTrade's website.Account TypeMinimum depositMetaTrader 5- ECN/MetaTrader 5- Invest/MetaTrader 4- NDD/MetaTrader- CENT$10Leverage The leverage can be up to 1 : 500. Investors need to consider carefully before trading, since high leverage can bring high potential risks.FeesAccount TypeSpreadCommissionStop OutMetaTrader 5- ECNFrom 0.2 pips0.008%20%MetaTrader 5- InvestFrom 0 pips0.3%10%MetaTrader 4- NDDFrom 0.8 pips0.007%20%MetaTrader- CENT//20%Trading Platform TeleTrade offers both MetaTrader 4 and MetaTrader 5 platforms.Trading PlatformSupported Available Devices Suitable forMT4✔PC, web, mobileBeginnersMT5✔PC, web, mobileExperienced tradersDeposit and Withdrawal Now there are some popularfunding methods including VISA, Mastercard, Bank transfer, P2P, Owner Wallet, Bitcoin, Tether, Webmoney and perfect Money on the TeleTrade's website.Promotions TeleTrade provides various types of promoting activites. Customers can participate in them and earn a certain amount of bonus.