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TeleTrade (Europe) Review - Is it scam or safe?

TeleTrade Review - is a good forex broker or a scam?

RATING: 3 / 6 REVIEWS ForexBrokerz TeleTrade (Europe)


Trading Accounts


Account type/Platform  Minimum deposit Minimum trade size   Maximum leverage Spreads 
Standard MT4 $2000 1 1:100 Fixed 3 pips 
MT4 NDD $2000 1 1:100 From 0.1 pips + commission of $7 
Standard MT5 $2000 1 1:100  Fixed 2 pips


TeleTrade (Europe) offers its clients a choice of three basic account types. All of them offer leverage up to 1:100 and the minimum trade size is1 standard lot (100,000 units of the base currency), which is unusual. Most brokers offer micro tradeable lots, as smaller contract sizes allow traders to be a lot more flexible in their trading, and to better manage the risks associated with trading on margin.


Besides, TeleTrade offers some extra services to clients of $50 000/$100 000 and more. Such Professional / VIP status holders are entitled to monthly interest at the rate of 24%/26% per annum on special concessional terms and also get reduced spreads.


The Company. Security of Funds


TeleTrade (Europe) offers trading in forex and contracts for difference (CFDs) on commodities, stocks, futures and currencies on both MT4 and MT5. The company behind the brand, DJ International Consulting Ltd., is a Cyprus Investment Firm that is licensed by Cyprus Securities and Exchange Commission (CySEC) since 2011. It is also registered with the relevant authorities in the UK, Bulgaria, Romania, Germany, Spain, Italy, and the UAE. A unit of the company (TeleTradeBel) has also acquired a license from the Belarus National Bank in 2016,


The Cypriot financial watchdog applies certain rules and requirements to Cyprus Investment Firms and sees to their compliance. For example, they must maintain net tangible assets of at least €730,000 to prove their financial stability. In addition, CySEC requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.


As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which can pay compensation up to €20,000 EUR per person, If the company becomes insolvent.


Moreover, every CySEC-regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services in all EU Member States.


TeleTrade Europe is part of TeleTrade Group of Companies with a history of over 20 years, with over 200 offices in 30 countries and more than 3000 professionals. TeleTrade is one of the three forex brokerages to hold a license by the Central Bank of Russia (CBR) and is also registered with the National Bank of the Republic of Belarus (NBRB), which is the equivalent of obtaining authorization.



Trading Conditions


Minimum Initial Deposit

To open an account with TeleTrade, traders must invest a minimum of $2000. Such minimum initial amount is a high, as most brokers require less. For instance, leading Cypriot brokerage FXTM demands just $5 from its clients as a start.


Spreads & Commissions

TeleTrade offers both fixed and  floating spreads. Fixed ones are a bit high on the MT4 platform, amounting to 3 pips on EUR/USD, and average on the MT5 – 2 pips. As regards variable spreads, they are pretty tight, starting from 0.1 pips for the EUR/USD pair, but a commission of $14 applies roundtrip, so the average trading costs per lot would be above 1.5 pips. This is not a competitive pricing, as we find most brokers offers spreads within the range of 1.0 – 1.5 pips for the EUR/USD pair.


In comparison, FXTM’s ECN spreads are averaged 0.7 pips on EUR/USD and involve commission of $4 per standard lot (round trip).For further information, you may look up real-time spreads of 15 leading brokers here.



The maximum leverage level offered by TeleTrade is just 1:100, which is a mediocre ratio. Most brokers offer significantly higher leverage levels - for example, FXTM provides leverage up to 1:1000. For further information, you can check out a list of brokers, providing leverage equal to or exceeding 1:500 here.


Trading on leverage allows traders to control large amounts of capital, however, if not used in combination with a proper risk management strategy, can lead to heavy losses.


Trading Platforms


As we have already mentioned, TeleTrade offers both MetaTrader4 (MT4) and its successor, the MetaTrader 5 (MT5).


MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options. Traders can download ready-made or create their own EAs and let the program do all the work.


TeleTrade also supports MetaTrader 5, a versatile and powerful trading platform that gains popularity lately, as the hedging option was finally added to it. MT5 allows the execution of orders in several financial markets and stock exchanges through a single trading account. The platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators.


Besides, the MQL5 development environment allows traders to create trading robots & analytical indicators of their own in addition to the ready-made ones.


Furthermore, TeleTrade has developed its own social trading solution, called Investment Synchronous Trading. It lets you tap into the knowledge and skills of our most successful clients, the Master Traders. These are clients with proven trading knowledge and skills and you copy all their trades on the MT4, while retaining full control, transparency and flexibility over your own trading account.



In consideration for each successful transaction copied to an Investor’s investment account, the Master Trader shall be remunerated with a commission.


Methods of Payment


The following payment methods are available to TeleTrade clients: credit/debit cards, bank wire transfer and e-wallet payment systems, such as Skrill, Neteller, and SafeCharge.




TeleTrade (Europe) forex & CFD broker with strong regulation, which offers both market and instant execution, fixed and variable spreads, MT4 and MT5. its overall pricing, however is not very competitive.  To sum up the above, here are the advantages and drawbacks with regards to this broker:




Well-regulated award-winning broker

High minimum initial deposit required

Both MT4 and MT5 offered, advanced copy trading options with Investment Synchronous Trading

Mediocre leverage levels

Part of international group with more than 20 years of experience

No micro tradeable lots

Wide range of financial instruments offered

Overall pricing is not very competitive

NDD environment available



Latest news about TeleTrade (Europe)
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for TeleTrade (Europe)
















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It is a normal broker

If you need a normal broker, I would pay attention to Teletrade. This broker has been on the market for a couple of decades and offers good opportunities for traders even with minimal experience. And they also have a quick withdrawal and no hidden commissions. So you can start with even a small amount.

Bruce Koveer 12/28/2019

Reliable company

Reliable company with 20+ years history. Moderate spreads, both fixed and floating, CFDs, forex, etc. I'd say the company is average. The only difference its licensed and regulated, which makes the decision making much easier.

Albert 12/14/2019


Last year, I quit Teletrade in Russia, because I saw how Sergey S. forced employees to breed clients for money, and then they were transferred to offshore. I understood that this was a matter of jurisdiction and did not stay there. Sergey is a real scammer!

Liam 11/12/2019


I worked at Teletrade 2 years ago, the kitchen turned out to be the same. All employees were directly ordered by order of one of the bosses, his name was Sergey S, to connect clients to the stock exchange of traders. There were supposedly “independent” traders, and clients concluded contracts with them, and they traded on their accounts. Only these traders were Shamraev’s people, who poured all accounts from his hand just to zero. That's how all this crap worked, and when he fired me for disobedience, so I decided to reveal the truth about how he merged customers.

Harry 11/11/2019


Of course, when I realized what such a job smacks of and what Sergey S scrolls about, Teletrade immediately left! He quit quickly, because I understand that if a criminal case is opened at the office, since Sergey Shamraev persuaded European clients to open in the offshore so as not to pay tax, and I will get what I deserve, because I am to some extent an accomplice! So I don’t know if they opened a criminal case against him or not, but I don’t want to work with scammers, it’s unique!

Liam 11/09/2019

a scammer

I worked in the Teletrade office in Yekaterinburg, when the collapses began, they fired me and now I can’t find a job, but I will be happy to tell the truth about these reptiles, and more specifically about how one of them worked Sergey Shamraev. He forced us to connect clients to his project, Traders 'Exchange, and there his traders merged clients' accounts on his team, and even no one could withdraw money from there, because as soon as they made orders, traders on client accounts immediately opened large ones against the trend volumes and did a hard drain.

Barry 11/08/2019

Withdrawal took ages to accomplish & all sorts of excuses

While one intended to invest with Teletrade, please evaluates the difficulty of withdrawal. It was extremely rigid which withdrawal options to a different credit card makes it ridiculously hard to attain.

I've been deposited from a different card started April 2018 & respectively, a different Visa card replaced due to misplaced. Transactions which was made by new replacement card end of last year was rejected with withdrawal.

Can anyone imagine - I'd triggered the request since 27 February 2019 till date (20/4/19) after more than 15 withdrawal requests, none get it done.

Shannon 04/20/2019


i deposited 23k they never want me to withdraw.

Tang 04/16/2019

Want to withdraw my own money

Can teletrade help me to withdraw my own money. I not making any trade yet and I want to withdraw money

Syed Mohd ifzan 02/28/2019

we are looking in the wrong direction

Forex itself is a scam, a buchet shop - we are wrong to evaluate the brokers as a legitimate mean to make a buck. At the level of indetermination involved, considering that all brokers are market makers and can pull all the strings, including shadowing your funds off market, it is naive to think they won`t do it. Not considering the fact that are countless great ways to syphon your money legally through the system, many of these techniques being learnt from the gambling business they started in - look at the admiral consortium.

Look for "forex scam teletrade" on google search to find out what and how they do their "business".

Feraru 06/18/2017

Teletrade stalls and refuzes payment

I confirm Teletrade delays and stalls payments when you make a withdraw request. It asks more and more documents and proofs - that should be a good thing - but seems never to be satisfied. Two weeks already, I am trying to figure out how to withdraw my money. You can read the story in Romanian or use google translate: Yes,
it`s only a few hundreds, but still, it`s my money. And I already left them a pretty huge load, in order to buy back my naivity.

feraru 04/29/2017
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