TeleTrade Review

TeleTrade(Europe) has three different types of accounts. All provide leverage of up to 1: 100, and the minimum transaction size is one standard lot (100,000 units of base currency), which is unusual. Most brokers offer parties that are subject to micro-proportionality because the smaller size of contracts allows for greater flexibility of traders and better risk management related to the turnover of the margin.

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Besides, TeleTrade offers additional services to clients of USD 50,000 / 100,000 USD and more. Such occupational / VIP status holders allow 24% / 26% monthly interest on special preferential terms and receive reduced spreads.

TeleTrade (Europe) offers Forex and CFD transactions for goods, shares, futures, and currencies on MT4 and MT5. The company responsible for this brand, DJ International Consulting Ltd., is a Cypriot investment company. It has licence of the Cyprus Securities and Exchange Commission (CySEC) from 2011. It has also enrollment under the jurisdictions in the United Kingdom, Bulgaria, Romania, Germany, Spain, Italy, and the United Arab Emirates. The company's unit (TeleTradeBel) also acquired a license from the National Bank of Belarus in 2016.

The Cypriot financial supervisor applies specific rules and requirements to Cypriot Investment Firms and adheres to them. For example, they must maintain net physical assets of at least EUR 730 000 to prove their financial stability. Besides, CySEC requires forex brokers to keep customer funds in separate accounts separate from the company's operating funds.

As another guarantee for customer funds, all companies regulated by CySEC are members of the Investor Compensation Fund. They can pay compensation up to 20,000 EUR per person if the company becomes insolvent.