TeleTrade is a long-established forex and CFD broker with a presence in over 20 countries and more than two decades of operational history. Originally founded in 1994, the brand operates under multiple entities depending on region, including a CySEC-regulated firm in Europe and offshore entities elsewhere. This TeleTrade review evaluates its regulatory footprint, platforms, market access, trading conditions, and client protections.

Regulation and Safety

TeleTrade operates under several jurisdictions. In the EU, TeleTrade-DJ International Consulting Ltd is licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 158/11. This ensures compliance with MiFID II, offering strong regulatory protections such as negative balance protection, investor compensation fund membership, and strict client fund segregation rules.

Outside Europe, TeleTrade operates via offshore entities with lower regulatory requirements. These entities may not provide the same level of transparency or financial safeguards, and traders should review the terms and risk disclosures depending on their region of registration.

Execution Model and Trading Platforms

TeleTrade offers a Market Maker execution model for retail clients. While this may result in potential conflict of interest, it also allows for fixed spreads and guaranteed execution in certain conditions. For professional clients, the broker may offer STP-style access via select accounts.

Traders can choose between MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms support one-click trading, advanced charting, algorithmic strategies (EAs), and multi-device access (desktop, mobile, web). MT5 also adds access to more order types, depth of market tools, and asset class support.

There is no proprietary platform, and API trading is not advertised, limiting institutional or quant-based usage.

Markets and Instruments

TeleTrade gives access to over 200 CFD instruments across six asset classes:

• Forex – 50+ currency pairs
• Indices – US, EU, and Asian stock indices
• Commodities – Gold, silver, oil, and agricultural products
• Stocks – CFDs on leading US, EU, and Russian equities
• ETFs – Limited selection via MT5
• Cryptocurrencies – Bitcoin, Ethereum, and other majors

While the range is acceptable for retail users, advanced traders may find the product set lacking in depth, especially in niche or emerging market instruments.

Accounts, Spreads and Leverage

TeleTrade offers two core account types:

• Standard Account: Fixed or floating spreads, no commission
• Professional Account: Tighter spreads, commission-based (on request)

Key trading parameters include:

• Minimum deposit: From $100 (varies by region)
• Spreads: From 1.1 pips on EUR/USD (floating)
• Leverage: Up to 1:30 (EU retail), 1:500 (offshore)
• Order types: Market, limit, stop, trailing stop, OCO

Traders classified as professionals under MiFID II can access higher leverage (up to 1:200), but must forfeit some protections such as compensation rights.

Funding and Base Currencies

TeleTrade supports various funding options:

• Bank wire transfers
• Credit/debit cards
• E-wallets: Skrill, Neteller, FasaPay
• Regional transfer agents (varies by country)

Accounts are available in USD, EUR, and other major currencies. Deposit fees are typically covered by the broker, but withdrawal fees may apply depending on the method.

Client Protections and Features

For EU clients under CySEC regulation, TeleTrade provides:

• Segregated client funds in top-tier banks
• Negative balance protection
• €20,000 coverage via the Investor Compensation Fund (ICF)
• MiFID II-compliant disclosures and conflict mitigation

For offshore clients, these protections may not apply. Transparency regarding offshore fund handling, dispute resolution, and counterparty risk is limited.

Institutional and Retail Offering

TeleTrade primarily targets retail traders. Institutional features are minimal, with no public offering of FIX API, DMA access, or prime brokerage arrangements. However, professional clients may benefit from tighter spreads and account customisation on request.

Retail features include trading education, webinars, analysis tools, and support via regional offices. The broker also promotes copy trading and partnership programs in select regions.

Pros and Cons

Pros:

• CySEC regulation and MiFID II protections for EU clients
• Choice of MT4 and MT5 platforms
• Decades of operational history
• Educational support and regional presence
• Negative balance protection in EU

Cons:

• Market maker execution model for retail accounts
• Limited transparency on offshore operations
• No API or institutional-grade infrastructure
• Product range lacks bonds, options, or futures
• Investor protections vary significantly by jurisdiction

Frequently Asked Questions

Is TeleTrade regulated?

Yes, in the EU TeleTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence 158/11. Offshore entities are not EU-regulated.

What platforms does TeleTrade support?

TeleTrade offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across desktop, mobile, and web.

Does TeleTrade offer negative balance protection?

Yes, for EU clients under CySEC regulation, negative balance protection is provided. It may not be available in other jurisdictions.

What is the minimum deposit at TeleTrade?

The minimum deposit typically starts at $100, though it may vary by region or account type.

Can professional clients access higher leverage?

Yes, professional clients in the EU can access leverage up to 1:200, but will lose retail protections such as ICF coverage.