Updated October 23, 2026

This Teletrade review starts with what other traders say. Collective insights from several authoritative review platforms give the broker a mixed response. Some traders praise the education section and the customer support, and note that the guidance from consultants was particularly helpful for beginners. Others raise concerns about withdrawal difficulties and unclear fee structures, and several customers were left dissatisfied. A few reviews point out issues with account management and responsiveness, which suggests room for improvement in client relations. Teletrade does offer valuable tools, but anyone considering the broker should keep those criticisms about payments and transparency in view.

Online trading has completely revolutionized how traders enter the market - and who those traders are. Now, even without any formal training, anyone can earn money from it. You just need an internet-enabled device like a smartphone and you’re set.

When I heard this, I was so excited to get into the trading scene. It was all about luck, right? Wrong. Like you would guess, my first few trades were terrible, and I lost what little funds I had invested.

I was back to the drawing board, trying to discover what I missed the first time, and that’s when I realized: I didn’t have a brokerage service. In my search for a good forex broker, I came across Teletrade.

Older traders will recognise the longtime industry player Teletrade, and its legendary Teletrade coin auction which was always held in the United States. This MetaTrader platform was the legend of an era, spurring traders in Ukraine, Russia, Belarus, and other countries.

Teletrade is iconic, but to me it looked like a relic of a bygone era. If you are wondering what the platform still offers, you are not alone. That is exactly why I decided to bring you up-to-date information in this review.

Teletrade at a glance

Every number below comes from the broker's own materials and account specifications. Anything Teletrade does not publish is marked as such.

Minimum deposit: $100.

Platforms: MetaTrader 4 and MetaTrader 5, no proprietary terminal.

Account types: Sharp ECN, Invest, NDD, NLT, Standard, CENT and a demo.

Maximum leverage: 1:500 on Sharp ECN and NDD, 1:100 on Standard, 1:1 on NLT, none on Invest.

Spreads: from 0.2 pips on Sharp ECN and NLT, from 0.8 pips on NDD, from 0 pips on Invest.

Commissions: 0.008% on Sharp ECN and 0.1% on its CFDs, 0.007% on NDD, 0.3% on Invest, 0.1% on stocks and 0.007% on other symbols on Standard, none on NLT.

Stop out level: 20% on Sharp ECN and NDD, 10% on Invest.

Instruments: over 200 on the demo, more than 500 CFDs on Invest and over 1000 on NLT, covering US and EU CFD stocks, bonds, forex, commodities, cryptocurrencies, indexes, metals and energies.

Regulation: CySEC licence 158/11, registered Cyprus investment firm, MiFID in the EU.

Client protection: Investor Compensation Fund, negative balance protection and segregated client accounts.

Education: free office-based and remote classes, plus demo training with $50,000 in virtual capital.

Deposit and withdrawal methods: not published in the broker's material. Check the current list on the broker site before you fund an account.

Withdrawal times: no published timeframe. User feedback calls the process slow, so treat this as the weak point and confirm it with support first.

Pros and cons of Teletrade

Although Teletrade excels as a forex trading platform, there are areas where I noticed that it falters. Below, I’ve outlined the various advantages and disadvantages I noticed on the trading platform.

Pros

• Education section that is useful to newbies in forex trading.

• A detailed analytical section.

• A demo account is available to aid new traders.

• There are MT4 and MT5 accounts available on the platform.

Cons

• Only a few trading instruments are available on this platform.

• The withdrawal speed of this platform is slow.

• The withdrawal methods accepted by this platform are few.

• No specific Islamic accounts are available on the platform.

What is Teletrade

Teletrade began doing business in 1994, going online in the year 2000. During this period, they provided their clients with access to financial consulting and online trading services.

The broker opened in 1994, which puts more than three decades of work behind it, and the quality of its services has been improved steadily over that time. Teletrade employs over 3000 qualified people and has offices in 26 countries around the world.

This broker has a global reach spanning 193 countries, including Australia, Germany, Asia, China, and South Africa. This company is supervised for conduct by two major regulatory bodies:

• The CySEC (Cyprus Securities and Exchange Commission)

• The MiFID (Markets in Financial Instruments Directive)

Characteristics of Teletrade

After spending some hours on the platform, I spotted some positive characteristics that attract traders and keep them satisfied. Some of these characteristics include:

24-hour availability

I noticed that unlike most brokers you see on the market, the Teletrade forex broker is available round the clock. Whether you want to trade at midnight or early in the morning, their services are available 24/7.

Reliability

Teletrade has spent more than 28 years in the forex market, providing high-quality brokerage services. I saw proof of this in the many awards that they proudly display on their website, including:

• Most Reliable Forex Broker for 2017

• Most Reliable Forex Broker for 2016

• Best Service for Managers in 2016 from the KROUFR Awards

24/7 efficiency

Teletrade provides its analytical services all day and all week. As a newcomer, I was always checking their analytical services most of the time, and it was always available. This allowed me to use the platform’s analytics to make the best trading decisions.

Teletrade account types

Are you familiar with some of the words thrown around in the forex trading space? If you are, you’ve probably heard of “MetaTrader 4” or “MetaTrader 5”.

Well, Teletrader accounts are all based on the MetaTrader platforms, so I’ll be telling you all about them.

MetaTrader 4 and its latest version, MetaTrader 5, are both products of MetaQuotes Software Corporation. The MetaQuotes Software Corporation is a software company that started its business in 2000. This company is one of the leading developers of trading software, and one of its products is the MetaTrader Platform.

MetaTrader 4 (MT4) was their first MetaTrader platform, released in 2005. This platform is designed specifically for forex trading, but it can also handle other assets like indices, stocks, and commodities. This platform caters to both amateur and advanced traders alike with its user-friendly and multifunctional interface.

MetaTrader 5 (MT5) was released in 2010 as a multi-asset trading platform. It offers the same capabilities of MetaTrader 4 but with the freedom to trade cryptocurrencies and other instruments. It also offers advanced features like algorithmic trading, trading signals, fundamental analysis, trading robots, and copy trading.

If you’re opening a Teletrade account, you will choose between opening a MetaTrader 4 or MetaTrader 5 account. Even if you don’t decide that during registration, on your profile page, there’s a column to select it.

Like most people, I was tempted to select the MT5 trading account. At a glance, an MT4 account might seem obsolete, but that’s not true as it has its advantages. MT4 is much more beginner-friendly than MT5 while still offering the best forex trading environment.

Sharp ECN account

The ECN account is the typical MT5 account, so it offers access to everything the MT5 trading platform offers. This account charges commissions and relies on market executions.

It also offers you access to advanced algorithms and interbank liquidity. You’ll also enjoy high transaction speeds and other conveniences.

Features

The maximum credit leverage of this account is 1:500.

When you use this account, you gain access to floating spreads from 0.2 pips.

The trading commission is 0.008%, with CFDs charging 0.1%.

This account comes with a 20% stop out.

Hedging and netting are available.

Invest account

This MT5 account is the go-to for when you’re ready to invest in the financial market. It allows you to create and manage portfolios of the market’s top ETFs and cap stocks. You can do this without any extra fees, hidden charges, or hidden leverage.

The Teletrade Invest account also comes with access stickers for 9 different stock exchanges.

There’s no leverage

There are no hidden charges

You gain access to more than 500 CFDs

You also gain access to tight spreads from 0 pips

The total commission in this type of account is 0.3%

This account comes with hedging and netting risk models

The stop out is 10%

NDD account

If you’re tired of being on the receiving end of bad trading deals, then this account is for you. This Teletrade Metatrader 4 account gives you access to the best market prices and financial instruments. It also offers high-speed transaction speeds to take advantage of these features.

Unlike other Teletrade accounts, the NDD (No Dealing Desk) account is meant for advanced traders. Opening this type of account will also give you access to interbank aggregated liquidity.

No requotes when trading

High execution speed for transactions

It includes a 20% stop out

0.007% commission for all trades

You gain access to floating spreads from 0.8 pips

The maximum leverage is 1:500

NLT account

This Teletrade MetaTrader 5 account comes with no leverage. It offers access to leading ETFs from exchanges and stocks worldwide. It also provides access to medium and long-term investment opportunities at little cost.

1:1 leverage

No hedged margin

Lowest spread of 0.2

Negative balance protection

Access to spreads from 0.2 pips

No commissions

Access to more than 1000 instruments

Standard account

This MT4 account is one of the best options for many traders as a one-size-fits-all account. It offers standard lots and relies on market executions, meaning there are no requotes.

0.1% commission on stocks, and 0.007% on other symbol types

Professional leverage of up to 1:100

CENT account

Unlike other Teletrade accounts, this trading account is available for both MetaTrader 4 and MetaTrader 5. This account comes with a special feature: it’s denominated in cents, meaning all deposits that you make will be in cents.

The advantage of this is that you’re able to trade more on this account. A deposit of $20 will offer 2000 cents. With this account, you’ll be able to trade stocks, indexes, metals, energies, cryptocurrencies, and forex.

Whether you are a beginner or a professional, you can trade with this Teletrade Coins account. Beginners can use this account for their first foray into the world of forex since there is minimal risk. Advanced users can use this to test out their company’s trading conditions.

Demo account

Alexander Elder once said, “The goal of a successful trader is to make the best trades. Money is secondary.” If you want to become a good trader, you need to make good trades - even when you lose money. However, not many people are willing to pay that price.

The demo account is the solution to that dilemma, as it allows you to trade without fear of losing funds. Teletrade already added demo funds in the account to help you learn the ropes of trading. You can test trading theories without worrying about losing funds.

The demo account also offers a chance to master all the tools and instruments that are available on the Teletrade platform. An advantage of this account is that it mentally prepares you for the forex scene far better than any book will.

As a new trader to the platform, I couldn’t get enough of the demo account. Whenever I had a new strategy to try, I tested it here first. If I lost my funds, I could just add more virtual dollars to my account and continue trading.

Unlimited virtual funds for trading

Access to over 200 trading instruments

Access to real-time quotes

This account offers the full functionality of a normal Teletrade account

Instruments available on the Teletrade platform

Whether you are starting with an NDD MT4 account or an ECN MT5 account, you get access to a variety of markets. Of course, the instruments available for MT4 and MT5 trading accounts differ.

However, i noticed that the instruments below were common for both MT4 and MT5 accounts:

• US CFD stocks

• EU CFD Stocks

• Bonds

• Forex

• Commodities

• Cryptocurrencies

• Indexes

• Metals

• Energies

Analytical tools available on Teletrade

The difference between an amateur and a professional trader depends on many factors. One of these factors includes the types of tools available to each trader and their knowledge of them. Teletrade gives you access to all of these tools as well as instructions on how to use them, including:

Economic calendar, Market news, Real-time quotes, Holiday calendar, Interest rates, Central bank news

Training

The training resources offered are housed under the Teletrade Forex Education platform. Here, you get the chance to choose between office-based education and remote education.

Office-based education offers face-to-face training from professionals, while remote training will suit those who desire convenience when learning. Either way, these classes are free, and they’re held in the afternoons and evenings. There are introductory classes, practical classes, and demo account training with a virtual capital of $50,000.

The training platform can be accessed from the main Teletrade website. Just click on the menu button at the top left of your screen, and you’ll see it under “Education.”

Security

All my trading mentors always advised me that it’s best to use a brokerage platform with adequate security features.

Trading in forex could lead you to leave large amounts of cash on these brokerage platforms. If they’re not safe, your funds could be lost due to a hack.

Teletrade uses the Investor Compensation Fund, negative balance protection, and segregated client accounts to protect investors. With this, I felt safe whenever I used the services of this trading platform.

Regulation

Teletrade is a forex broker regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 158/11. Platforms such as Hirose are regulated by similar authorities. It is also registered as a Cyprus investment firm. In the EU, Teletrade operates under the Markets in Financial Instruments Directive (MiFID).

Who Teletrade suits

Beginners who want structure. Free classes, an analytical desk that runs all week and a demo with $50,000 in virtual funds give a new trader more support than most brokers of this size bother with.

MetaTrader loyalists. Everything here is MT4 or MT5, so an existing set of indicators, scripts or expert advisors moves across without rewriting anything.

Cent-account traders. The CENT account turns a $20 deposit into 2000 cents, which is the cheapest honest way to trade live rather than on a simulator.

Long-term investors get less. Invest and NLT carry no leverage and open access to ETFs and stocks, but the instrument range is narrow next to a dedicated broker, and there is no Islamic account at all.

Active traders who withdraw often should think twice. Slow payouts and a short list of payment methods are the two complaints that come up again and again, and neither is documented clearly on the site. Compare the terms against other forex brokers and read a few broker reviews before committing capital.

This review was updated in 2026. Account specifications, spreads and commissions change without notice, so confirm the current figures with Teletrade before you open an account.

FAQ

What is Teletrade?

A forex and CFD broker that started in 1994 and moved online in 2000. It provides financial consulting and online trading through MetaTrader 4 and MetaTrader 5, employs over 3000 people, keeps offices in 26 countries and serves clients across a claimed 193 countries.

How does Teletrade work in 2026?

You pick MT4 or MT5, then one of the account types: Sharp ECN, Invest, NDD, NLT, Standard or CENT. Each sets its own leverage, spread, commission and stop out level. The choice can be changed later from your profile page, and a demo account runs alongside the live one.

Is Teletrade safe and regulated?

It holds CySEC licence number 158/11, is registered as a Cyprus investment firm and operates under MiFID in the EU. Client money sits in segregated accounts with negative balance protection and Investor Compensation Fund cover. User reviews still flag withdrawal problems, so the regulatory record is only half the picture.

What is the minimum deposit on Teletrade?

The broker card lists $100. The CENT account changes what that buys you, since deposits are denominated in cents and $20 becomes 2000 cents. Demo trading needs no deposit at all and comes preloaded with virtual funds.

How long does a withdrawal take on Teletrade?

The broker does not publish a processing time, and the list of accepted withdrawal methods is not published either. Traders repeatedly describe payouts as slow. Ask support for the current methods and timeframes in writing before you deposit, rather than after.