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You will need to provide some basic documentation to prove your identity as part of TeleTrade onboarding and normal KYC identity checks. These checks are standard practice and help TeleTrade provide a safe financial environment for their 50, users.

Your capital is at risk Performing trades with TeleTrade TeleTrade allow you to execute a minimum of trade of varies. This may vary depending on the account you open. TeleTrade allow you to execute a maxium trade of varies. As with most brokers, margin requirements do vary depending on the instruments.

TeleTrade offer CFD which are a leveraged product for this example we describe ten times leverage. So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions. TeleTrade leverage magnifies both profits and losses when trading.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent. The TeleTrade leverage goes both ways. It has fallen by a thousand dollars.

TeleTrade CFDs are typically used for short to medium term trades. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset.

More advanced traders can also use CFDs to hedge. Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading using leverage an adverse move could result in losing more than your trading account balance at TeleTrade. Your TeleTrade account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Education Resources at TeleTrade To trade effectively with TeleTrade, it’s important to get a have a good understanding of the TeleTrade trading tools and the markets.

Make sure you make full use of all education tools. This includes eduction tools with TeleTrade and externally. TeleTrade offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Having an analytical approach may be a good way to approach trading with TeleTrade. Take time to look around the TeleTrade platforms and train yourself to think more systematically and logically about the markets.

It’s a new skill-set for many, but it is what the market requires of you. Customer Support at TeleTrade As part of our TeleTrade review we review customer service options, response times and TeleTrade trading platform problem resolution effectiveness. TeleTrade have a D grade support rating because because sometimes the response was slow or our query wasnt answered.

TeleTrade less customer support features compared to other brokers like live chat, phone and email support. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages. We sent messages to TeleTrade livechat through their app and website and recieved a response within 20 minutes.

Sometimes there was no response. We tested communicating with TeleTrade support in multiple languages in multiple countries. TeleTrade where able to resolve our customer issues. The fastest response from TeleTrade was 4 hours and the slowest response was 5 days. Support response times may vary for you with TeleTrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from TeleTrade. The call was answered in less than minutes. The TeleTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual TeleTrade team by calling in varying languages. TeleTrade made an effort to make sure our queries were answered. Overall the phone support from TeleTrade was okay. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy: Be aware that the expiration date of Proof of address document for different entities under TeleTrade Brand may be different.

A scanned colour copy of your passport, driving license or national ID A utility bill or bank statement from the past three months showing your address You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 5 minutes or so to complete the account opening process. While you might be able to explore TeleTrade’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with TeleTrade you can visit the TeleTrade trading platform here. CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk.

Only risk capital you’re prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice. All information collected from on October 11, We spent over 3 months examining TeleTrade in depth.

Although we found some very useful aspects of the TeleTrade platform that would be useful to some traders, our overall our feeling is that you would be better served with an alternative to TeleTrade. TeleTrade has a history of over 14 years. TeleTrade has a reasonable sized customer support of at least This means TeleTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

TeleTrade have regulation from reputable regulators. TeleTrade has the ability to get deposits and withdrawals processed within 2 to 3 days.

This is important when withdrawing funds. TeleTrade have an international presence in multiple countries. This includes local TeleTrade seminars and training.

TeleTrade are able to hire people from various locations in the world who can better communicate in your local language. TeleTrade Risk Disclosure Your capital is at risk Trading Risk Disclaimer Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk.

In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility.

It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. Click here to view the best TeleTrade Alternatives We have spent years researching the best alternatives to TeleTrade. Click the links below to learn more. If you feel some of the above TeleTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives.

See our highly rated list of TeleTrade alternatives below. If you would like to see how TeleTrade stands up against other brokers you can read some of our TeleTrade comparisons below. We compare side by side some of our top rated TeleTrade versus comparisons. Read our indepth TeleTrade VS pages below. Can I try TeleTrade? TeleTrade offer a demo account so you can try the TeleTrade platform with virtual trading before you put down a payment.

Virtual trading with TeleTrade is zero risk. What funding methods do TeleTrade accept? Please note that the list of payment methods below depend on the TeleTrade Entity and the Clients Country of Residence. Your capital is at risk Is TeleTrade safe?

Your capital is at risk Is TeleTrade trading good? TeleTrade is considered good and reputable to trade with TeleTrade. TeleTrade is used by over 50, traders and TeleTrade users. Minimum deposit with TeleTrade is Is TeleTrade trading Legit?

TeleTrade was founded in Cyprus in TeleTrade has been facilitating trade on the financial markets for over 14 years. All funds deposited to TeleTrade are held in segregated bank accounts for security. Is TeleTrade a good broker? Is TeleTrade trustworthy broker? TeleTrade can be considered trustworthy. All money funded to TeleTrade is placed into a segregated bank account. The broker has no direct access to your funds so cannot misappropriate your money. What is the minimum deposit for TeleTrade?

The minimum deposit to trade with TeleTrade is