TeleTrade trader and expert reviews: is the broker reliable or actually a scam? (2025)

TeleTrade is one of the oldest forex brokers, operating since 1994. Over decades on the market, it has established a wide network of offices (previously more than 220 branches in 30 countries) and a multimillion client base. In this review, we will examine TeleTrade from every angle: reliability and regulation, trading conditions, additional services, quality of support, real trader feedback, as well as compare TeleTrade with competitors — AMarkets, Alpari, FXPro, and RoboForex — on key parameters. You will learn what users and experts say: is TeleTrade a scam or not, its strengths and weaknesses, and whether it is worth opening an account here.

TeleTrade Reliability and Regulation

The reliability of a broker is a cornerstone when choosing where to trade, since a trader entrusts the company with their funds. TeleTrade has been on the market for over 30 years, which already says a lot. But what about its regulation and the safety of client money? Let’s look at TeleTrade’s licenses, the company’s reputation, and figure out whether TeleTrade is a scam or not from the standpoint of regulatory bodies and independent experts.

TeleTrade Licenses and Fund Security

Regulation: The TeleTrade brand is represented by several legal entities. The key structure, TeleTrade-DJ International Consulting Ltd., was licensed by the Cyprus Securities and Exchange Commission (CySEC, license No.158/11) from 2011 onward. Having a European license means that TeleTrade complies with MiFID II requirements and participates in the CySEC Investors’ Compensation Fund (coverage up to €20,000 per client). In other words, in the event of force majeure, clients of TeleTrade’s European division are protected by an EU regulator.

At the same time, to serve clients in CIS countries, TeleTrade operates via an international company registered offshore — TeleTrade D.J. LLC (St. Vincent and the Grenadines). Offshore registration is a common practice among brokers, allowing them to offer more flexible conditions (for example, high leverage of 1:500) without tight restrictions from strict regulators. However, an offshore jurisdiction itself does not provide the same level of protection as an EU license or, say, oversight by the FCA (UK). In Russia, TeleTrade previously had a local forex dealer license via LLC “Teletrade Group” and was a member of SRO AFD (Association of Forex Dealers). But in December 2018, the Central Bank of Russia revoked the licenses of several major forex dealers at once, including Teletrade Group. The reason was repeated regulatory violations. On January 27, 2019, TeleTrade officially ceased operating as a licensed forex dealer in the Russian Federation. Nevertheless, the international brand continued operating through overseas entities — most Russian traders can still open an account on the TeleTrade website and trade with the offshore division or with the European entity (which was rebranded as Earn in the 2020s).

Fund security
Despite the troubles with its Russian license, TeleTrade claims to safeguard client funds. The company keeps client money in segregated accounts with major banks, separating them from its own capital (an industry standard). TeleTrade is also a member of The Financial Commission, an international organization that arbitrates disputes between traders and brokers and maintains a compensation fund of up to €20,000.

For example, competitor AMarkets clearly indicates that its clients’ interests are protected by The Financial Commission — TeleTrade is also on the FinCommission member list, though it does not highlight this as prominently on its website. So despite the nuances in regulation, TeleTrade does have basic security measures: a long operating history without bankruptcies, a European CySEC license (for some clients), and membership in an external compensation fund.

When assessing reliability, the company’s reputation in the community matters as well. Over the years, TeleTrade has earned various professional awards but has also faced criticism. We will examine what TeleTrade clients say and why some suspect fraud later in this review.

TeleTrade – scam or not?

The query “TeleTrade scam or not” is fairly common online. The broker’s long track record and aggressive marketing have generated thousands of reviews, from laudatory to sharply negative. Let’s clarify the basis for fraud accusations and see how valid they are.

On one hand, TeleTrade has official regulation and transparency uncharacteristic of outright scam operations. The broker is licensed by CySEC, regularly reports to regulators, and its European business is supervised by ESMA. TeleTrade has also received awards from international expos and professional communities, often specifically for reliability (for instance, “Most Reliable Forex Broker” 2015, 2016, and 2017 by MasterForex-V EXPO). An obvious “bucket shop” scammer would hardly be publicly awarded the title “Most Reliable Broker of the Year.”

On the other hand, some facts in TeleTrade’s history raise concern. First is the license revocation in Russia: the Central Bank found multiple violations (from reporting issues to providing inaccurate website information). This damaged the broker’s reputation: TeleTrade had to close its official offices in Russia, and the regulator directly classified the company as an illegal forex dealer in the Russian market. Although TeleTrade continued offshore, it left a lingering impression — many traders took this as confirmation of dishonesty.

Second, there are negative client reviews. On some popular review platforms, TeleTrade gets low ratings. For instance, on Otzovik the company’s average rating is just 1.7 out of 5 (49 reviews, 0% recommend the broker). Users complain about intrusive phone calls, pressure from personal managers, and difficulties withdrawing funds. In one review, a client describes being convinced to take out a loan and invest it in trading with promises of huge profits, ending up with “everything in the red except for the company.” She notes the only advantage of TeleTrade is “their skill at persuading, promising, and deceiving.” Another trader claims “the company misleads clients, talking about profits with minimal investment... All you can get here is lost nerves.” Complaints also arise about rude support service or that managers vanish or try to talk you into further trading when you attempt to withdraw the remaining balance.

Such comments create the impression that TeleTrade is a typical example of the aggressive forex marketing from the 2000s, luring beginners with promises of easy money, training them on free courses, and then pushing them to deposit large sums. If a client loses (and many novices do lose their deposit), it’s attributed to market risk. With enough such stories, rumors of “fraud” emerge. Yet it’s important to note that none of these reviews provide proof of price manipulation or non-payment of profits. It’s more about frustrated customers who expected to get rich quick on the broker’s advice.

Independent analytical portals are similarly divided in judging TeleTrade. For instance, BrokerChooser in 2025 gave the company a negative verdict, stating, “TeleTrade is not a reliable broker because it’s not regulated by a financial authority with strict standards.” The experts recommend avoiding the provider due to the absence of top-tier oversight (some question CySEC’s rigor as a mid-level regulator). They are not accusing TeleTrade of direct scamming but of insufficient transparency under high-level standards (FCA, ASIC, etc.).

Therefore, TeleTrade is not officially a scam — it holds a license, fulfills its financial obligations, and clients do get their payouts. Yet its reputation is far from spotless due to licensing scandals and a wealth of negative feedback. The likely issue is a mismatch between promotions and reality: TeleTrade aggressively attracts inexperienced traders with promises of easy fortune, and when those hopes collapse, the feeling of being cheated arises. The advice here is simple: approach the risks realistically. If you practice proper risk management, use TeleTrade’s services responsibly, and avoid taking loans for trading, you’re far less likely to feel swindled.

Company Awards and Reputation

Despite the controversies, there is no denying that TeleTrade is a recognized brand in the industry. Over the years, the firm has been honored with multiple best-in-class accolades, particularly in Russian-speaking financial circles:

• Best Broker in Europe 2018 (IAFT Awards) – Based on an independent poll of 200,000 traders, TeleTrade received the award as the top broker in the European market.
• Most Reliable Forex Broker 2015, 2016, 2017 (by the MasterForex-V Academy) – for three consecutive years, TeleTrade won this title at MasterForex-V EXPO. The Academy highlighted the “impeccable reputation of the company and the high quality of its services.”
• Best Forex Broker for Beginners 2016 (KROUFR Awards) – at a Moscow ceremony, TeleTrade was recognized as the best for novices, based on open voting.
• Brand No.1 in Russia (2015) – TeleTrade won in the “Forex Dealer” category of the national confidence award “Brand No.1,” with the ceremony held at the State Kremlin Palace.
• Beyond that, TeleTrade has been recognized for best analytics (MasterForex-V awards 2013–2016), best service for money managers (KROUFR 2016), and other distinctions.

Such a notable list of honors indicates that within the professional community, TeleTrade has been regarded as a reputable provider. It was especially active in receiving accolades in the mid-2010s, prior to its problems with the Russian Central Bank.

Today, TeleTrade’s reputation could be described as “mixed fame.” On one hand, it is one of the most recognizable Forex brands: practically every Russian-speaking trader has heard of TeleTrade. The company was a pioneer in the CIS, opening offices in every major city, sponsoring financial TV and radio shows, and its analysts were quoted in media. This earned TeleTrade respect as a “market veteran.”

On the other hand, many negative stories have led to a certain level of sarcasm or distrust among some traders. There is even slang referencing the broker as “Teledreyd,” implying a pun on losing money. Nevertheless, the company continues to operate and serve thousands of clients. Its long track record and large scale do indicate a measure of reliability, as a purely fraudulent scheme wouldn’t survive so many years under public scrutiny. For final judgments, we need to examine not just the reviews but also TeleTrade’s real trading conditions, which we’ll do next.

TeleTrade Trading Conditions Review

Let’s move to the practical side — what does TeleTrade offer traders for day-to-day operations? Here, we’ll review the selection of tradable instruments, types of accounts, trading platforms, spreads, commissions, swaps, leverage, and execution quality. These parameters define how comfortable and profitable trading with the broker can be. TeleTrade positions itself as a major international CFD broker, granting access to multiple markets. How broad is the range of instruments? Are spreads competitive? Let’s find out.

Trading Instruments

TeleTrade provides access to a wide range of instruments on financial markets. According to its official website and other sources, clients currently have more than 200 assets across different classes:

• Forex (currencies): the classic currency market — majors (EUR/USD, GBP/USD, etc.), minors, and cross-rates. In total, around 50 currency pairs, including exotic ones. Some sources mention about 28 main pairs, covering standard Forex needs.
• Stocks: CFDs on global company shares. The platform features U.S. stocks (Apple, Google, Tesla, etc.), European shares, possibly Russian shares (though they may have been removed after 2022). In total, hundreds of shares via CFDs. Some CFD-based ETFs are also available, allowing you to trade baskets of assets.
• Stock indices: popular equity indexes as CFDs — S&P 500, Nasdaq, Dow Jones, DAX, Nikkei, and more. This is a convenient way to speculate on the overall movement of stock markets.
• Commodities: metals (gold, silver, platinum), energy (WTI, Brent, natural gas), and agricultural goods (coffee, sugar, etc., though the list varies). Core commodities are typically provided.
• Cryptocurrencies: TeleTrade did not miss the crypto boom — it has added CFD trading in Bitcoin, Ethereum, Litecoin, Ripple, and more. Some accounts focus on crypto, but basically, you can trade crypto-CFDs on standard accounts as well, 24/7.
• Bonds: from what’s shown on the site, TeleTrade offers CFDs on some bonds (likely U.S. Treasuries). This is quite a rare instrument among retail forex brokers, but TeleTrade aims for maximum coverage.
• CFDs on futures: there may be a set of CFDs linked to futures for commodities or indices, although exact data is scarce. Most instruments are offered as CFDs referencing underlying futures prices.

Hence, TeleTrade’s lineup is comparable to top multi-asset brokers. A trader can operate EUR/USD, oil, Apple stock, and Bitcoin from a single platform. Such variety suits those seeking to diversify across different markets. For instance, you can trade European indices in the morning, currencies by midday, and shift to American stocks or oil in the evening.

Note that TeleTrade instruments are all offered as CFDs (Contracts for Difference), meaning you do not directly own the underlying asset (e.g., a stock) but trade on price differences. This is standard for forex brokers, enabling leveraged and short trades without physical delivery of assets.

For long-term investors, TeleTrade even provides a special Invest account without leverage, promoted as an alternative for stock investing (discussed below). Overall, in terms of market variety, TeleTrade deserves a positive rating: currency, stock market, commodities, crypto — it’s all accessible. This is convenient if you want to switch from Forex to equities without changing your broker or platform.

Account Types

TeleTrade provides multiple account types to accommodate various categories of traders, from newcomers with small budgets to advanced speculators. Currently, there are 4 main live account types + a demo:

• Cent Account: designed for beginners. The account currency is the U.S. cent (1 USD = 100¢). The minimum deposit is only $10, which equals 1,000 cents. Trading conditions mirror the standard ones (market execution, same instruments), but all volumes are 100 times smaller. On this account, 1 lot = 1,000 units of base currency (instead of 100k), making it possible to trade micro-lots or even tinier increments. The minimum lot is 0.01 (which equals 0.0001 standard lots — roughly $0.1 per pip on EUR/USD). It’s ideal for testing strategies on real markets with minimal risk. TeleTrade states the Cent account execution quality is no different from ECN or NDD, just with smaller amounts. Many brokers offer such accounts for training; TeleTrade is no exception. If you’re new, TeleTrade even suggests, “Begin without risk — try a cent account.” However, keep in mind that the leverage can be as high as 1:500, so while the monetary amounts are small, you could still burn it quickly if overleveraged.
• Standard (MT4 NDD): the main account for most traders, known as MetaTrader 4 NDD (No Dealing Desk). Previously, it may have been called “Standard” or “Classic.” Essentially, you trade via MT4 with a floating spread and no fixed markup, but there is a commission of 0.007% of the trade volume. That translates to about $7 per $100k (1 standard lot) one-way, and $14 round turn. Historically, TeleTrade had a fixed spread of 3 pips on EUR/USD with no commission for some accounts, which older reviews might mention. Currently, with the NDD model, the spread floats from ~0.8 pips, plus that 0.007% commission. By modern standards, it’s on the higher side, as some competitors charge $5–$8 per lot round-turn. Still, many TeleTrade clients confirm that the net cost is acceptable if you’re not scalping heavily. The recommended deposit is around $100–$300 for comfortable trading; officially, you can start with even $50, though realistically $300+ is advised. The maximum leverage is up to 1:500, with a minimum lot of 0.01.
• MT5 ECN: an advanced account on the MetaTrader 5 platform with ECN (Electronic Communication Network) execution. It’s intended for active traders who want tight spreads and fast execution. Spreads start at 0.2 pips, but the commission is 0.008% (≈ $8 per lot one-way, $16 round turn). This is relatively high compared to some rivals (AMarkets ECN might be around $5 RT, Alpari ECN ~$3–$4 RT, RoboForex ECN ~$4 RT). Nevertheless, TeleTrade’s ECN is still beneficial for short-term or news trades thanks to minimal spreads. Leverage is up to 1:500, and the stop-out is 20%. The minimum deposit is often $100–$200. This account is only on MT5.
• MT5 Invest (TeleTrade Invest): a unique account aimed more at investors than traders. Its special feature is zero leverage (1:1) and no swaps or hidden fees when trading stocks/ETFs. Essentially, it allows you to hold CFDs on stocks and funds, emulating long-term investing. Why do that? On a standard Forex account, you’d pay a swap for holding positions overnight with leverage, but here, no leverage means no swap. The broker instead earns via a 0.3% commission on trade volume, with spreads close to the raw market level. In other words, TeleTrade Invest acts somewhat like a traditional stock brokerage account inside MT5, offering over 500 instruments (shares, ETFs). Investors who prefer no margin and want to avoid forced closures on market swings could find this attractive. The stop-out is 10% here, meaning your positions would only be closed if your portfolio loses over 90% of its value. Considering no leverage, that scenario is unlikely. The minimum deposit is presumably higher (possibly $1,000, though TeleTrade doesn’t specify).

Historically, TeleTrade also offered a separate crypto account for cryptocurrency CFDs and a so-called Professional/Sharp ECN account, but in 2025 these may be integrated into the existing product line. Crypto is tradable on normal accounts, and Sharp ECN is essentially MT5 ECN.

For newcomers, TeleTrade naturally provides a demo account — a free practice account trading with virtual funds and zero risk. Demo is available on both MT4 and MT5 and can be created instantly in your Personal Area. This is standard practice for testing strategies and evaluating TeleTrade’s platforms before investing real money.

In sum, TeleTrade’s account range is fairly flexible. You have Cent for learning with real funds but tiny amounts, Standard (MT4) for everyday trading, ECN (MT5) for advanced traders seeking the lowest spreads, and Invest (MT5) for investing or copying strategies.

Note that to open a trading account, you must register on the official TeleTrade website and verify your identity. The process is standard: fill out the form (name, email, phone), confirm your email, then provide documents (ID) for identity verification in your personal area. After that, you can fund your account and begin trading. We’ll discuss the registration steps further in the FAQ section.

Trading Platforms

TeleTrade supports classic, time-tested platforms: MetaTrader 4 and MetaTrader 5, including their desktop, web, and mobile versions. It does not offer a proprietary platform (some competitors do), focusing instead on familiar solutions. Here is what’s available:

• MetaTrader 4 (MT4): the legendary terminal for online Forex trading. TeleTrade provides MT4 for Windows, along with mobile apps for Android and iOS. MT4 is the choice of many traders for its simplicity, low resource usage, and huge community. It has advanced charting, technical indicators, and Expert Advisor (EA) support (MQL4). TeleTrade uses market (NDD) execution in MT4, so there are no requotes. Users confirm the absence of dealing-desk tactics: “TeleTrade quotes always match the market; they don’t run bucket shop schemes,” one client says, contrasting TeleTrade with unscrupulous competitors. Installation takes a minute from the broker’s site, or you can use the MT4 WebTrader in a browser without downloading. The web terminal is handy if you’re away from your computer.
• MetaTrader 5 (MT5): a newer version of the platform by MetaQuotes. TeleTrade offers MT5 for the ECN and Invest accounts. MT5 has more timeframes (21 vs. 9), a built-in economic calendar, a depth of market (Level 2) for ECN, new order types (Buy Stop Limit/Sell Stop Limit), and more. MT5 is ideal for both Forex and stock/ETF trading (important for Invest). Desktops for Windows are available, as are MT5 Web and mobile apps for iOS/Android. TeleTrade highlights MT5’s high speed and improved MQL5 for algorithmic trading. If you plan to trade stocks or use strategy copying, you’ll likely use MT5. Reviews on TeleTrade’s MT5 ECN execution are positive, citing fast fills without platform freezes.
• Mobile apps: TeleTrade does not have its own branded mobile application, but you can download the official MT4/MT5 apps from the App Store or Google Play, connecting to the TeleTrade server. On the broker’s site, there are instructions for installing them. This allows you to monitor and trade on the go — a must-have feature today. While mobile MT4/MT5 are somewhat limited (fewer indicators, no algo trading), they are sufficient for managing trades.
• TeleTrade SyncTrading App (aTrader): Some older reviews mention a proprietary aTrader app for account access. Probably a legacy mobile terminal or a copy-trading interface. In the current ecosystem, TeleTrade mainly focuses on MT4/MT5. For copy trading, a dedicated web interface and a strategy ranking page exist, so a separate proprietary app isn’t essential.

Note that TeleTrade does not offer cTrader (which, for example, FxPro or RoboForex supports). Nor does it have a specialized web platform like R StocksTrader from RoboForex. Some traders may miss that. However, relying on MT4/MT5 is a conservative and reliable solution, given the abundance of EAs, scripts, and indicators for these platforms.

A plus is that all TeleTrade platforms support signals and copy trading (which we’ll touch on later) and let you trade any instrument (including stocks and crypto) in one terminal. For example, TeleTrade’s MT5 truly is multi-asset: you can buy Apple CFDs and also open an EUR/USD chart in the same interface.

In conclusion, TeleTrade provides a familiar range of platforms without frills: MT4 and MT5. Beginners can start with classic MT4, while advanced traders might prefer MT5 ECN. You can also operate via web or mobile versions. Users note few technical glitches: “the absence of frequent freezes” is among the positives mentioned about TeleTrade.

Spreads, Commissions, and Swaps

These financial terms — the spread (difference between buy and sell), the broker’s trading commission, and swaps (overnight fees) — determine your costs of trading. Let’s see what TeleTrade charges, and compare it to the market.

Spreads: TeleTrade features floating spreads on most instruments, varying by account type:

• On Standard (MT4) accounts, the floating spread on EUR/USD averages around 1.0–1.5 pips. The lowest can be ~0.8 pips during calm markets, and it may widen to 2–3 pips under high volatility. Historically, some mention a fixed 3-pip spread for TeleTrade, but that likely refers to an older model. For major pairs (EUR/USD, GBP/USD, USD/JPY), you’ll typically see ~1–2 pips, while more exotic assets can have larger spreads. Gold might run around 25–30 cents, S&P 500 <1 point, Dow Jones 2–3 points, oil (Brent/WTI) 5–6 cents, and crypto pairs can be wider (e.g., a $50–$100 spread on Bitcoin). Overall, these standard-account spreads are around the industry average or slightly higher. Some competitors like RoboForex or AMarkets offer ~1.2 pips on EUR/USD, so TeleTrade’s spread is in a similar range.
• On ECN (MT5) accounts, spreads are significantly tighter: from 0.2 pips, often 0.3–0.5 pips on EUR/USD. In calm periods, it may be as low as 0.1 pips, reflecting raw interbank prices from liquidity providers. However, you pay a commission on top (described below), so the total cost includes spread + commission. Still, if you’re a scalper or news trader, the narrower spread can be advantageous.
• On the Invest account, spreads for stocks are minimal (near exchange quotations). For example, Apple might have a $0.05 spread, the SPY ETF $0.01, etc. TeleTrade does not widen it, taking a 0.3% commission instead. So the spread is less relevant here; the commission is key.

Commissions: TeleTrade applies a commission to certain account types/instruments:

• Standard (MT4 NDD): 0.007% of trade volume (~$7 per standard lot in one direction, $14 round-turn per lot). For 0.1 lots, that’s ~$1.4 per round turn, and so on.
• ECN (MT5): 0.008% of volume (~$8 per lot one-way, $16 round-turn). Many competitors charge lower commissions ($3–$5 RT). This can make TeleTrade pricier for scalpers, though the raw spreads partly offset it.
• Cent Account: typically the same rate as Standard (0.007%), but since volumes are in cents (1 cent = $0.01), the real monetary commission is negligible for small trades.
• Invest Account: 0.3% of the trade amount. For example, if you buy $1,000 of stock CFDs, you pay $3 upon opening and $3 upon closing ($6 total, or 0.6% round-turn). Some assets might have a per-share formula (e.g., $0.008–$0.025 per share), but roughly it’s 0.3%. This is a fairly typical equity commission for moderate volumes.
• Cryptocurrencies: TeleTrade normally does not charge a separate commission; it earns via a wider spread or possibly an overnight fee. Some older references mention ~1% spread for crypto, but check the specs. Generally, no direct commission is listed for crypto-CFDs.

Swaps: A swap is an overnight fee reflecting the interest rate differential on currencies or other assets. TeleTrade charges swaps on standard Forex, indices, commodities, but not usually on stocks or crypto. Exact rates are in the specifications. For instance, EUR/USD might have around -$10 per lot on a long and +$2 on a short (indicative) due to interest rate differences. Gold typically has a negative swap (e.g., around -$5 per lot/day). Oil uses CFD rollover rather than a swap. TeleTrade also offers swap-free (Islamic) accounts for religious reasons, which may incur alternative fees after a certain holding period.

In summary, TeleTrade does not undercut fees aggressively. Spreads on standard accounts are fair, though the added commission can raise costs above some zero-commission competitors. The ECN account has very low raw spreads but higher commissions than many rivals, which can erode scalping profits. However, for swing or medium-term traders, the difference may be less significant.

Example: You trade 1 lot of EUR/USD with a 30-pip profit. On TeleTrade Standard, you’ll pay ~$14 in commission, reducing your net gain. With a broker that has no commission but a 1.5-pip spread, you effectively pay ~$15 per lot round-turn in spread. So in practice, it can even out. But if you compare TeleTrade ECN ($16 RT) to, say, AMarkets ECN ($5 RT) and assume both have ~0.3–0.5 pip raw spreads, TeleTrade ends up more expensive. Frequent scalpers might prefer cheaper solutions.

Overall, TeleTrade’s spreads and commissions are acceptable for most regular traders, particularly if you’re not targeting every fractional pip. But there are competitors offering lower costs. TeleTrade charges for its brand and services, so do factor that into your choice.

Leverage

Leverage is crucial in Forex and CFD trading, letting you operate positions far larger than your own capital. TeleTrade has traditionally offered high leverage, especially through its offshore entity that is not bound by ESMA’s EU limits.

The maximum leverage at TeleTrade is 1:500 for major instruments (currencies, metals). That means with $100, you could control up to $50,000 in positions. This used to be the industry standard for many years. European regulators limited leverage to 1:30 for retail clients, but offshore brokers (like TeleTrade D.J. Ltd.) still offer 1:500 or more.

Details:

• Forex pairs: up to 1:500 (some exotics may have 1:200). Major pairs often get the full 1:500.
• Metals: gold, silver might have 1:100 or 1:200. TeleTrade sometimes lists 1:500 on gold for MT5 ECN, but specifics can vary.
• Indices, oil: typically 1:100 or 1:200. Check contract specs for each index.
• Stocks (CFD): often 1:5 or 1:10. On the Invest account, leverage is 1:1, so no margin. On a normal CFD account, some small leverage might be available.
• Cryptocurrencies: generally a lower leverage (1:5, 1:2, or 1:1) due to volatility. TeleTrade doesn’t publicly specify, but 1:5 is likely for main coins.
• Cent account: usually the same up to 1:500. Beginners should still be cautious.

TeleTrade may also lower the effective leverage as total position size grows (tiered margin). For instance, beyond 20 lots, your leverage might drop to 1:200, beyond 50 lots to 1:100, and so on.

Many users regard high leverage as a plus (it allows “small deposit, big trade” scenarios), but it’s also risky. A 1:500 leverage can rapidly wipe out an undercapitalized account. Experts recommend that novices not exceed 1:100. When TeleTrade was licensed in Russia, leverage was capped at 1:50. Now, with offshore operations, it remains 1:500 and is promoted as a benefit. Rival brokers like AMarkets or Alpari even advertise up to 1:3000. FxPro has 1:500. So TeleTrade’s offering is fairly standard. For most retail traders, 1:500 is already more than enough.

If you sign up with TeleTrade’s European division (under the Earn brand), you will be limited to ESMA rules: 1:30 for major FX, 1:20 for gold, 1:2 for crypto, etc. But most CIS users go with the offshore branch for 1:500.

Order Execution

The quality and speed of order execution are vital, especially for scalpers and active traders. Let’s examine how TeleTrade executes your trades.

Execution model: TeleTrade declares an NDD (No Dealing Desk) model on its main account types, meaning your orders go straight to the market (via a liquidity aggregator) without manual dealer intervention. In practice, this is Market Execution — you get filled at the best available price. Small slippage can occur depending on volatility and trade size. There are no requotes, consistent with what an MT4/MT5 NDD environment should offer. Traders confirm: “no requotes at TeleTrade,” so it appears consistent with genuine NDD execution.

Speed: Officially, TeleTrade does not publish an average execution time, but typically you can expect ~100–300 ms for NDD. Some brokers boast “99.9% of orders filled in 0.03s.” TeleTrade may not be that fast, yet in practice it should be sub-second. Reviews rarely complain about lag; rather, some say “orders are executed instantly,” which is obviously subjective but indicates the absence of notable delays.

Slippage: With a market-based model, execution prices can differ slightly from your requested price in fast markets or news events. There’s no evidence of abnormal slippage or “stop-hunting.” In fact, some experts note that TeleTrade “hasn’t been caught using bucket-shop tactics,” implying it respects real market quotes.

Stop/Limit Orders: In MT4/MT5, TeleTrade lets you place standard pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) with no minimum distance from the current price, which is typical for an NDD environment. You can also use trailing stops, SL/TP, and so forth. On MT5, you have Stop Limit orders as well.

Weekend gaps: TeleTrade, like many brokers, may widen spreads or adjust margin requirements before weekends or holidays to mitigate gap risk. But it’s not known for especially draconian measures. Possibly it sets a weekend margin of 1:50, though many TeleTrade clients say no major surprises occur beyond normal spread widening.

News trading: TeleTrade doesn’t ban scalping or news trading in its user agreement, so you can trade around economic releases but must deal with normal volatility and spread spikes.

Stop Out: The Stop Out level is 20% on most accounts, except Invest at 10%. This is typical of many brokers: if your equity/margin ratio hits 20%, the system closes positions starting from the largest loss. That’s a standard setting in the retail Forex/CFD space.

Real reviews: Positive customer comments frequently praise “fast execution and no freezes,” “no issues withdrawing profits, everything is clear.” That suggests the technical side is stable. Negative reviews focus on overall trading losses or manager behavior, not on order execution itself. Few allege “fake quotes” or “unexplained margin calls,” which are common signs of unscrupulous brokers. TeleTrade does not appear to have such accusations.

Overall, TeleTrade offers a decent execution environment via NDD/ECN. It is likely more than adequate for 99% of retail traders. While some high-frequency or algorithmic scalpers might prefer brokers with servers in LD4 and $1/lot commissions, TeleTrade is aimed at a broad audience that wants reliability, normal slippage, and genuine quotes. The next section explores TeleTrade’s additional services: investment solutions, copy trading, education, bonuses, and partnerships.

Igor Lementov - Financial Expert and Analyst at Trading-Today.net