In this section we will analyze TeleTrade, for an forex and CFD broker.
The broker mentioned is owned by: TELETRADE-DJ INTERNATIONAL CONSULTING LTD, and as for your location, the broker mentions having based in different parts of Europe such as: Portugal, Italy, Germany, Hungary, among other countries. Even if TELETRADE-DJ INTERNATIONAL CONSULTING LTD mentions being based in Cyprus.
If we analyze the regulation of the broker, the broker is registered and licensed (not regulated) by CySEC, the regulatory body of Cyprus. It also has authorization from different authorities such as the CNMV (Spain) and the FCA (United Kingdom).
If now we go on to analyze account types that TeleTrade offers, we note that it offers 3 different account types: the MT4 Standard Account, the MT4 NDD Account, and the MT5 Standard Account.
MT4 Standard Account: wide range of financial instruments, leverage up to 1:50, floating spreads, stop-out level of 20%, possibility of re-listing.
It is followed by MT4 NDD Account: wide range of financial instruments available, leverage up to 1:50, stop-out level of 20%, floating spreads, no requotes, immediate execution (regardless of market conditions), commissions of 0,007% or 7 USD, per 100.000 USD traded.
The last type of account is the MT5 Standard Account: minimum initial deposit of $ 50.000, processing time to withdraw capital: immediate, 24/7 support, free e-book, unlimited market updates, full list of assets, live signals, session with analyst available (weekly), one-to-one trading session, access to account manager services.
The platforms to operate that the broker offers are: MT4 and MT5.
We will now analyze the different resources and aids for traders that the TeleTrade broker provides to its clients on its website.
TeleTrade provides the following aids or resources to traders or interested parties: economic calendar, calendar of holidays (affecting the markets) or special dates, market news, technical analysis, news from central banks, interest rates, currency chart , market overview, and different videos and explanations of basic concepts in the world of investments with forex and CFDs. It should be noted that everything is in English.
According to numerous comments from TeleTrade clients, the website profitway.mx refers clients to the TeleTrade broker (mostly in Mexico).
Other information about the TeleTrade broker
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Phone number: (+357) 22314160, +357 (22) 51-44-42
Ending with this section, in our opinion TeleTrade's reputation is unclear, but we suggest caution Why? It is a broker from which we have found both positive and negative comments, its reputation is not very clear. Although it is a regulated broker.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.