TeleTRADE
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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
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
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
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!
