TeleTrade Review 2021 - Pros and Cons Uncovered

TeleTrade is one of the largest brokers in Eastern Europe. The company has been in the market since 1994, providing not only access to financial markets, but also extensive educational services. Over time, the company has gone beyond the East European market, although remaining most popular in the former Soviet countries.

TeleTrade offers several types of trading accounts with different conditions and a rich program for learning how to trade. Financial analytics is one of the key features of the broker, more specifically a large number of videos of own production.

Over the period of its operation, the broker received 35 different awards, including Most Reliable Forex Broker of 2017 by Masterforex V EXPO, Best Broker of the CIS 2017 by IAFT Awards (International Association of Forex Traders), and Best Forex Broker for Beginners by KROUFR in 2016, etc.

The weakest spot of TeleTrade is absence of the license. The companys license issued by the Central Bank of Russia was revoked due to the violations and since then the broker has been operating based solely on its own regulations.

Pros	Cons
Low commissions on stock trading BTS can be used as a base currency Advanced analytical section Good training courses No restrictions on the strategies. It is possible to use trading bots Low minimum deposit Large number of trading instruments	High commissions on forex trading No license for financial activity. The broker is licensed in an offshore territory Few methods of deposit and withdrawal The majority of the materials are provided in Russian, and not all texts and videos are translated into English Few base currencies

Key features of the broker

Not regulated Average Yes 1 USD Inactivity fee may be charged for withdrawal of funds. The size of the fee is unknown 5 minutes; taking into account verification – up to 2 business days Up to 1:500 Forex, CFD Copy trading Russian, English, Spanish Depends on the payment system Yes Yes Yes USD, EUR, GBP, BTC 100%

Regulation
Commissions and fees
Demo account
Minimum deposit
Inactivity fee
Period for opening an account
Leverage
Markets
Options for passive income
Support languages
Withdrawal fee
Withdrawal to credit/debit card
Deposit and withdrawal via cryptocurrencies
Deposit from electronic wallets
Account currencies
Deposit bonus