TeleTRADE
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Overall
I'm trading with TeleTrade for 4 months, it's my first brokerage. I came there by invitation of my close friend. he have sent me prospect with explanations of TeleTrade's advantages. In general, everything is like I was expecting - spreads are around 1.5-2 pips, fast order executions and so on. However, there is one thing I can't find - is there stocks ranking? In prospect it was written that it is, but I can't find it.
Overall
Yeap, this is a very important criteria that the broker is sending the orders to real market. THose who don't do that are definitely interested in your losses, so that they can just imitate executions but leave the money on their accounts. IMO, copy-trading is also quite an interesting feature ))
Overall
I trade with Teletrade as second brokerage. I wanted to make passive investments in addtion to my active trading. I tested many brokerages that offer sync-trading, but TeleTrade seems the best one - providing a lot of info about masters, chance to fast withdraw money and a variety of assets, so I stopped my searches on TeleTrade. I don't regret I choose this brokerage - it's good, fast and reliable and I don't need nothing more. In case you aren't satisfied with your master, you can easy change it and move to another one.
Overall
I could say that this is a classic broker, and not only because it has a long history, but also because it provides a standard, but really high-quality package of services that are applicable to different strategies. The broker provides its own analytics, which saves time. Withdrawal of funds comes about a day on average, delays are very rare and they are insignificant.
Overall
Teletrade is a well-known company and I’m glad I’ve chosen it to be my broker. They do a good job having all the licenses, I was completely satisfied with executions, quality of service, etc. But now I need to make a break in daytrading. So now I need to decide whether I want to withdraw all the funds or leave them there for synchronized trading with some master account. I’m afraid though that choosing the rating leaders is not the best strategy to find the master account.
Overall
This is a normal practice for sure. The problem often arise with between broker and its client when they claim they have no withdrawal fees, but customers get less money on their account than they've originaly requested for withdrawal. This is because the bank or payment system is charging the fee anyway. To avoid these misunderstandings, brokers say there is a withdrawal fee, but they don't say who is charging it in fact: a bank or a brokerage.
Overall
Isn't this a normal practice though? I though all regulated brokerages have both types of charges...
Overall
I'm 3 years with them, no luring was noticed :) Maybe, you just have made wrong decision and blown up your deposit. If so, don't give up and just know that there are minor fails in life, but you should aim to becoming better. Otherwise, if you claim that it's broker fault, I think everyone are interested why you don't give a claim to CySEC, TeleTrade is 100$ regulated, so common.
Overall
Good brokerage, 100% regulated and I like its sync-trading feature, so I can just copy other trader deals and get my profit :)
Also, I know what I'm paying for and that's great, as I see company has offices, a lot of support team stuff and other good features :)
Overall
This is because there is no necessary minimum at TeleTrade. Traders decide themselves what amount they can trade with. Personally, I don't think it can be $1 :)
Overall
I think the company's policy is rather strange on the min deposit. I haven't seen any clear instruction on the necessary minimum anywhere. Why is it not stated in any Teletrade reviews? If stated, the number varies from $1 to $2000 depending on the source.
Overall
[quote]Oghmage posted:
there are brokers with fca regulations that are not so expensive like teletrade...
Overall
I think that trading conditions of famous brokerages like TeleTrade can't be compared to those of the brokerages that have got no regulations or have been on the marker for less than 5 years. As far as I'm concerned, Teletrade pays for numerous licenses including CySEC, it has real offices all around the Europe and other countries. Costs of running business are very different for TT and fully online unregulated brokers. So traders have to choose whether they wanna risk 100% of their deposits and deal with unregulated brokers with lower commissions, or stick to more expensive authorized brokers.
Overall
I've been trading with Teletrade since 2017 and had a positive experience on both standard and professional accounts. I used standard first, cause it's got fixed spreads. For some reason I was afraid of floating spreads. But it turned out later that European trading session is not that volatile. I'm normally over with my trading by noon, so when american session with its crazy volatility starts, I'm already out. So for my trading style professional account with lower floating spreads is definitely more favorable. I'd also recommend taking a closer look at their synchronized trading offer. Its like trust funds management, but you don't give access to your money. Instead you just copy the trades of the chosen traders (there is a ranking system which you can use to choose your preferred trading system). For those who don't have much sucess on the markets themselves it can be a nice option to at least diversify the risks if not leaving the whole thing to professional traders.
Overall
it is a bit expensive: fee on trades and fee for withdrawals...
Overall
They deceive people. They promise to work and then lure money and specially drained them.
Overall
Best broker for me.
Overall
The fixed spreads due to predictable. No sudden spread expansions. All trades made in real markets. (Not "market maker" team). This company is not in the hunt for my money! Fair, accurate and prompt payment of accounts (moneybookerssel). There are no hidden costs. I work with them for 2 years and I am totally satisfied!
