Founded in 1994, TeleTrade presents itself as a long-standing and experienced broker in the financial industry. Over the decades, the company claims to have built a strong global network and offers a wide range of trading instruments such as Forex, CFDs, Metals, Cryptocurrencies, Bonds, Indexes, Energies, and Commodities. With support for both MetaTrader 4 and MetaTrader 5, it caters to traders seeking familiar and powerful platforms.
TeleTrade Overview:
- Company Name: TeleTrade
- Website: https://www.teletrade.org/
- Website Availability: Yes
- Address: Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines
- Regulation Status: Not Regulated
- Warning: Many negative reviews in a famous review website like Lycan Retrieve
- Domain Blacklisted Status: TeleTrade.org has been flagged on at least one blacklist, indicating potential security or trust issues. Users are advised to proceed with caution.
Wide Market Access and High Leverage
TeleTrade offers trading in major global markets with leverage up to 1:500. While high leverage can multiply profits, it can also lead to significant losses, especially for inexperienced traders. Hence, caution is essential when using such leverage. The broker also supports multiple funding methods, including VISA, Mastercard, Bank Transfer, Bitcoin, Tether, WebMoney, and more. These flexible options are a plus for traders from various regions.
Is TeleTrade Regulated?
Despite its long-standing presence in the industry, TeleTrade currently holds no valid regulatory license. According to WikiFX, it scores only 2.16 out of 10, raising serious concerns. The platform does not have oversight from any recognized financial authority. In an industry where trust and regulation matter most, this is a major red flag.
For traders, unregulated brokers can pose severe risks — such as fund mismanagement, withdrawal issues, or unfair trading practices. While the company boasts 26 countries served and offers 24/5 customer support, its lack of transparency and regulation overshadows these positives.
User Feedback and Trust Scores
Trustpilot ratings give TeleTrade a score of 3.5/5, indicating mixed experiences. While some users report average satisfaction, others highlight severe issues, especially related to withdrawals being blocked or delayed. One alarming review states a user has been waiting for over three months for a $60,000 withdrawal, with no valid explanation from TeleTrade. Such reports cannot be ignored and show the importance of dealing only with well-regulated brokers.
Bonus Offers and Promotions
TeleTrade runs various promotional campaigns and referral programs. However, many scam brokers lure users with such bonuses, only to later create conditions that prevent withdrawal of both the bonus and profit. Traders are advised to read the fine print of such promotions and understand the terms before investing.
Final Verdict
While TeleTrade has been around for over 30 years and offers access to popular trading platforms, the absence of regulation and the negative reviews related to non-payment of withdrawals make it a high-risk broker in 2025. Traders should think twice before depositing funds on this platform, especially with safer and better-regulated alternatives available in the market.
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