TeleTrade
Rating: 3 / 5TeleTrade, which was established in 1994, is an EU-based broker; as such, it operates under the uncompetitive regulatory framework of the ESMA. The broker makes bold statements about using cutting-edge technology. Regrettably, it only provides clients with the out-of-the-box versions of the MT4/MT5 trading platforms. This appears to be the standard approach by brokers attempting to mask their lack of competitiveness. While the broker does offer its copy-trading service, TeleTrade Invest, it takes 40% of the signal provider's commissions; for reference, a signal provider may set their rate between 1% and 50%.
TeleTrade, which was established in 1994, is an EU-based broker; as such, it operates under the uncompetitive regulatory framework of the ESMA. The broker makes bold statements about using cutting-edge technology. Regrettably, it only provides clients with the out-of-the-box versions of the MT4/MT5 trading platforms. This appears to be the standard approach by brokers attempting to mask their lack of competitiveness. While the broker does offer its copy-trading service, TeleTrade Invest, it takes 40% of the signal provider's commissions; for reference, a signal provider may set their rate between 1% and 50%.
Broker Details
- Headquarters
- Cyprus
- Established
- 1994
- Min Deposit
- 100$
- Execution
- ECN/STP, No Dealing Desk
- Regulators
- CySEC
Platform & Features
- Trading Platforms
- MetaTrader 4, MetaTrader 5
Pros
- Demo Account
- MT4 and MT5 Platforms
Cons
- No Real Bonuses or Promotions
- Missing Information
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