Teletrade scammers how they treat clients. Goal: exposing Teletrade. What is offered in Teletrade

Many players know what Forex and Teletrade are, but few realize that these are different things, and even more so, few people understand that Teletrade does not relate to Forex at all. Although many Teletrade brokers assure players that they are the ones who belong to Forex and thereby attract people to invest money, which ultimately flows into the hands of the brokers themselves, and the player is left with nothing. The main task of brokers is to position themselves and the Teletrade company in such a way that they would think that they really belong to Forex, but in fact this is not the case and cannot be so.

Attracting players to Teletrade throughout Russia

The main task and difficulty of employees and brokers with Teletrade is to attract new players from whom they can make money, and in essence, “to dust off” their heads so that a person does not think he starts leaving his money, thereby enriching the brokers. And in order to attract new “clients” brokers have to resort to new tricks, in the idea of new advertising campaigns, publications on the Internet and newspapers, issuing advertising booklets, launching new promotions, according to the principle “invest a small amount and get a big profit” and this profit is the main attraction for players, since making quick money for uninformed people is the basis. Who doesn’t want to quickly chop “cabbage” and even more of it.

Allegedly training to make money quickly

When there is a “client” who wants to make quick money, he is attracted to the company’s office, where already experienced “swindlers” take on the client and supposedly training begins. On average, the training itself lasts from two to three weeks, the main time of this training is conversations about how you can earn a lot without any investment or effort. But the managers themselves know the goal, and the goal is to convince the player to start doing this business and, accordingly, for him to contribute more money. It turns out that the training itself is a psychological treatment of the client, so that he would open an account and deposit money and as much as possible. The main emphasis during training is that the player knows how to open an account and top up, so that everyone can deposit money remotely, and small examples are also given when there is a win, but these are just examples and nothing more.

Opening an account and starting trading

The player himself opens an account and starts trading, and allegedly focuses on points, but such drawdowns happen very often in a day and you can go negative by quite a large amount, and for a simple player, the minus per week can be up to $10,000. The basis for opening an account is that when you deposit a large amount, you are given a bonus of several hundred dollars.

I lost but I have to continue

After the player loses all his money, brokers constantly start calling him day and night and offer to replenish his account, and the incentive is that they offer unimaginable bonuses when replenishing. This bonus encourages gullible people to continue playing supposedly on Forex. And such a continuation of the game sometimes results in losses for the player of several tens and hundreds of thousands of dollars, large loans from friends and relatives, as well as loans and the sale of property. Brokers' calls continue even after the person says that there is no more money, but he is already included in the players' database and brokers simply keep up with him and keep calling him on the phone for months and years. Each time the calls are more persistent and offer more and more bonuses, excellent conditions, super brokers, etc.

What else does Teletrade make money from?

In addition to attracting players, Teletrade publishes on many employment and personnel search sites and thereby attracts clients. The idea is that you have to pay the same amount for internship and training, and you also have to pay for an internship. But Teletrade also selects new employees through training and internships, who make phone calls and “swindle” new potential clients, who can be “robbed” as much as possible and make money from them.

Where does Teletrade operate?

Many players think that deception is carried out only in the regions, or rather only in some, in fact, this company is engaged in its activities in all regions of Russia. But the essence is that Teletrade is not supervised by anyone and their activities are not regulated in any way, although everything is beautifully described on their website, many reviews have been left and many groups have been created on social networks, but the essence of the activity is “make more and there will be more.” All the regalia and awards that are provided on the Teletrade website are just imaginary pictures that many people use to cloud their minds in order to earn more money from them.

Publications and videos about the work of Teletrade

For anyone who wants to, the Internet now has the opportunity to see many videos of both defrauded players and Teletrade employees (former employees), and there are also many articles and publications on the Internet about how people are deceived in Teletrade in all regions of Russia.

How to attract employees to Teletrade

Most employees, due to lack of work, are constantly looking for stability and publish their resumes on the Internet on various sites and portals. This is where the resume receives responses from Teletrade offering a vacant position. Only a job candidate does not even suspect that he will start working on a paid basis, then he will have to do not very good things. But such prospects shine only for those who need it from a lack of income and from gullibility, but those who already work at Teletrade and attract new employees don’t care about human needs and the fact that people need normal work, the goal is one MONEY and how can earn more of them.

Draining of a player's (investor's) account by a Trader

Many gullible people begin to believe traders and transfer their account management to them. The motivation for this transfer is two facts:

This supposedly means more time for the investor and the trader will take care of everything
Agreement between investor and trader

But few people understand that the contract essentially does not oblige you to anything and there will be no free time, but the money flies to no one knows where, or rather, it is known to be in the pocket of Teletrade and their employees. In fact, after the account is drained, in most cases there is no one to present it to, since there are many cases where no one has even seen the trader and it is not known where he is, and the agreement is concluded over the Internet, if it is concluded, and sometimes there is no agreement at all.

Large deposits and fraud

Teletrade employees convince many players that the larger the deposit, the less chance of losing, but the point is that there will be a loss in any case and the money will not be returned later, no matter how many deposits were made to the account and for what amount. Many players lose hundreds of thousands of dollars in their account and have no one to show it to, everyone just smiles sweetly and shrugs and asks to deposit more money and more.

Bonuses as an element of enticement

Many players want to try their hand at the financial market with a small amount, but all Teletrade employees convince them that trading in the financial market cannot be less than $2,000 - $3,000, otherwise there will be no luck. Beautiful words that the more you deposit, the more you will get, attract new players, since the incentive of easy money remains the strongest in modern world. Another incentive is the fact that they offer large percentages of the amount deposited into the account, and the larger the amount deposited, the larger the bonus will be. After such promises in the form of a bonus on the amount in percentage terms, gullible people agree to deposit as much money as possible, without even suspecting that they will not see either a bonus or their money.

Can Teletrade keep money?

If you top up your account with, for example, $5,000, and want to return your money on the same day, the deduction will be in the form of $500, one hundred dollars for every thousand. Good earnings for Teletrey and big losses for a player who hasn’t even played.

What employees are taught at Teletrade

The main task of training employees at Teletrade is to ensure that they understand psychology, understand people’s needs, and give sweet “candy” to new players in order to maximize the attraction of customers and further earn money from them. But the biggest misconception for the employees themselves and for the players is that they are still being deceived and they are being made money by unknown “uncles” whom no one has even seen.

The main fact of deception when training new players in Teletrade

After training as a new player, he is constantly convinced that he will constantly earn money and get rich from it. After training in a separate room, he is told that out of many hundreds of players, he is the only one who passed the test and the only one who passed the training. The student’s trading results are presented in a beautiful envelope and these results are publicly certified, and they are convinced that this is a document, but in fact just a fiction on paper, which encourages people to leave a lot of money. The calculation is based on the fact that the majority of people who undergo training do not have an education, are low-income, have financial need, and here is a chance to make money easily, but at the same time they make money on it, taking away the last. They also convince that it is impossible to make a mistake, because trading from the very beginning will be under the watchful eye of an experienced trader and therefore it is impossible to lose. But no one takes into account that people are in debt, giving away their last, in credits, in loans. And no one talks about the fact that “mentors,” just like new players, work for several months and do not understand anything about financial markets. The main task is to attract and earn as much as possible.

The psychology of brokers with losers

Many players, after draining their account and losing, simply become hysterical, cry, threaten, but the Teletrade system is built in such a way that there is always an answer to all cases, and it is desirable that the answer would lead to an even greater loss of money by the player. The basis is luxuriously decorated offices, a large number of people, security, psychology, etc. But in any case, the player cannot get his money back, and he can even lose it if he continues to play.

Teletrade employees and their importance for the company

Many company employees think that the more money they put in and extract from the players, the more they will earn and grow. But alas, the reality is that in the company itself the employees themselves are neither anyone nor their name. The system is such that the company makes money on everything, starting with the players and ending with the employees themselves, and it doesn’t matter that they are “our own”, what matters is only money and as much as possible. Teletrade does not provide employment for employees, everything is veiled in beautiful words about large profits and earnings, but employment itself is not carried out. They only arrange for competent people to scam people so that they can show someone off during an inspection.

Developed Teletrade network and what’s the catch

And the catch is that almost all Teletrade offices in all regions do not themselves belong to Teletrade, but only small offices that, under an agreement with Teletrade (franchise), are trying their hand at making money on people. This right to open an office in the region under an agreement with Teletrade can essentially be opened by anyone, as long as they have the money.

Deception on the Internet and imaginary reviews for image

The structure of Teletrade is built in such a way that all both new and old employees are required to write reviews and only positive ones about the company, thereby creating a positive and favorable image of Teletrade itself. Groups on social networks are created fictitiously for money, since buying one participant (subscriber) in a group now costs from 50 kopecks to 1 ruble. Many programs are being created that generate positive reviews about the company. Many one-page sites are being created that only positively position Teletrade. But the reality is that 90% of the positive image is just fiction and deception. This deception, which was created fictitiously, misleads the majority of new players and creates a “seemingly” favorable environment for making money. In essence, Teletrade is an advertised sieve through which people and their money are washed.

What can you do to get your money back?

Many players, after losing, simply lose hope that they cannot get their money back at all. But we need to act together and the more people involved in the return, the faster this disgrace will stop. First of all, you need to assess the situation, check all your existing documents on the movement of money. There are several return options:

Complaint to broker
Company claim
Going to court
Contact law enforcement agencies
Reversing a chargeback transaction

These are not all methods that are applicable, but only some, but they are all effective if everything is done correctly and in a timely manner. It is also best to contact a qualified lawyer to help you understand the situation and help you get your money back.

Important! For all questions about refunds from brokers, if you don’t know what to do and where to go:

Call 8-800-777-32-63.

Financial lawyers and solicitors who are registered with Russian Legal Portal, will try to help you from a practical point of view in the current issue and advise you on all issues of interest.

Companies providing trust management services in the Forex market have a lot of negative reviews. This is due to the fact that this activity in this market is associated with very high risks. There is not a single trader who has been trading on Forex for a long time and who does not have a single landing. Losses are a concomitant element of all those who decide to profit from this market. If someone is not ready for the fact that, in addition to profits, he will also incur losses, then it is better for him not to get involved with this market, but to find another occupation. Otherwise, having lost part of his deposit or lost all his investments, the investor receives a serious psychological blow and begins to believe that he was initially involved with scammers.

Why are there so many scammers around?

As mentioned above, almost any broker company that provides services in the Forex market has an abundance of negative reviews, complaints against them to law enforcement agencies about fraud, and even lawsuits in the courts. The Teletrade company, which has been operating for two decades, is no exception. “Teletrade” is a fraud, a scam, a scam. These and many other offensive messages and headlines are all over the Internet. If you replace the Teletrade company with any other company and leave the same headings, the situation will not change much.

This happens not because all companies are bad, but because, as mentioned above, Forex activity is associated with great risk, and each participant has a drawdown of his account.

If you are not armed with this simple truth, then before any loss on Forex the investor will have the thought that he is simply being deceived. And since there are not hundreds or thousands of investors on Forex, but hundreds of thousands, and losses happen to thousands of investors every day, therefore there are a lot of negative reviews. An investor who is not ready for losses begins to pour out his negativity on various forums, reading which, you involuntarily come to the conclusion that there is one scam everywhere. But that's not true.

The reason lies in inexperience and simple ignorance. But the main thing is that the investor hopes for magic that will allow him to perform just one action, for example, entrust money to a trader, and that’s all - he is provided with good passive income for many years. This is a myth fueled by advertising and has nothing to do with reality. We’ll talk about how to minimize your risks at the end. Now let’s look at the activities of a company like Teletrade.

What is offered in Teletrade

As stated above, Teletrade is a company that has been providing services in the Forex market for two decades, since 1994. The company was registered in Hong Kong. According to Hong Kong law, in order to have permission to carry out dealing activities, Teletrade does not have to have an official regulator. The company has a similar requirement for providing services to individuals on margin trading. This plays into the hands of the company, which it actually takes advantage of.

The company offers its clients the use of PAMM accounts and LAMM accounts. In the first case, Teletrade has an investment project “Personal Trader”. Investors deposit their money into a PAMM account, trading occurs only in the manager’s account, which contains both the investor’s money and the trader’s money. This guarantees that the manager will approach the process itself responsibly due to the possibility of losing his own money, and not just the investor’s money. At any time, an investor can track the history of transactions performed on his PAMM account, as well as withdraw his funds from this account.

Another project offered to clients, Master-Invest, operates on the principle of a LAMM account. In this case, the investor opens his own trading account, into which transactions from another account are copied, on which the trader places bets in a proportional lot. The investor, in parallel with the trader, has the opportunity to trade on his own account and also has the opportunity to withdraw his deposits from the trading account at any time. The difference between PAMM and LAMM is that when withdrawing funds in the first case, this may negatively affect the situation with the accounts of both the manager and other investors. In the second case, the investor’s withdrawal of money does not in any way affect the trading of the manager and investors.

A unique feature of the Teletrade company

The company has one feature that makes it stand out from all other dealing centers. This feature lies in the fact that the minimum deposit with which a client can plunge into the sea of Forex trading using the currency pairs presented by the company is 2000 US dollars. If the client wanted to try his hand at trading in raw materials, then he needs to have at least 10 thousand US dollars. Only with such a minimum amount will he be able to trade CFDs on shares and futures.

And this despite the fact that the minimum trading volume is a rather impressive 1 lot. The company provides leverage, which can be maximum in the ratio of 1:100. The client gets the opportunity to double this leverage if he increases the minimum trading volume, respectively, also doubled.

That is, up to two lots. In exceptional cases, investors may be allowed to trade with a lot volume of 1/10, but this is provided that they are met halfway.

For a long time, the spreads remained at 5 points in relation to the euro/dollar pair. However, due to growing competition among dealing centers, the company decided to reduce the spread for a number of currency pairs, and therefore to open euro/dollar positions it is already necessary to pay 3 points. This innovation was regarded by the company's management as a step towards customers.

Teletrade, like many successful companies, places a special emphasis on attracting customers. A whole system of front-end, back-end and cross-sale products has been developed. This system has more than 100 branches throughout the post-Soviet space. Serious and aggressive advertising online and offline, free educational materials, promising headlines - all this encourages potential clients to come to one of the company's offices. At the office, visitors will be offered free training. For a potential client, the presence of a luxurious office and free training remove all or most of the demotivating barriers.

During the week-long training, company employees continue active processing, which is what this week serves. Some negative reviews show how training participants are dissatisfied with the quality of the information received. What is more surprising here is the training participants themselves, who in a week want to become owners of the information and skills of professional traders. To become one, you need, just like these traders, to gain practical experience, which will not come without losing some amounts (relatively not small). Take a one-week course and immediately become a pro in Forex, business, law, etc. - that doesn’t happen.

The objective of the training is to familiarize yourself with basic concepts and principles, having mastered which, students will be able to adequately perceive the information that Teletrade managers provide them in order to sell the services provided. On the other side, side effect The problem with such training is that diligent students are carriers of somewhat distorted information.

For example, such students, in all seriousness and foaming at the mouth, will prove their exceptional ability to trade only in whole lots. Or they will try their best to explain the company's high spreads by saying that they are the only serious market makers, while other dealing centers are pathetic fakes. It is useless to try to prove to such specialists that not a lot, but a million is the standard volume of a transaction that is carried out on the over-the-counter interbank Forex market. And the information that some systems allow trading with the world's largest banks with volumes of half a lot or less is perceived by Teletrade students as a complete lie.

Why are there so many negative reviews?

As mentioned above, almost all dealing centers have a lot of negative reviews. The Teletrade company is no exception, and you can hear different stories and different opinions about this company, in which the words scam, deception, and fraud will certainly be heard. It would be hard to call this unfair work by competitors. The activities of any dealing center contain factors that will regularly produce a lot of dissatisfied clients. The Teletrade company is no exception, and for certain reasons, it even stands out against this background.

It is also necessary to take into account the time that the company operates. If dealing centers that provide services for 2-5 years have a lot of negative reviews, then a company that has existed on the market for more than 20 years will a priori have many times, or even tens of times, more negative reviews. More than half of these reviews are the result of personal guilt of the offended, who acted out of ignorance or inattention, committed stupid actions or were simply lazy. Money doesn’t like this and quickly leaves such owners.

But there are cases that are worthy of close attention; they contain signs that the company is taking away funds from very good traders. This is done relatively legally, through the company’s dealers, who create some spikes (which are not observed in other dealing centers or systems) of 45-55 points, leading to a large number of stop orders being knocked down. These cases are not one-time events and are aimed at the actions of fairly successful traders.

What does the above fact indicate? That there are scammers operating in the company? This has not been proven and is just a legend and speculation. But this means that successful traders who have been earning good money for a long time also work with the company. This means that this company, at a minimum, is not a fraudster or a scam. And there aren’t that many fraudulent schemes.

Rather, the point is that the Teletrade company has not changed much since the beginning of its activities, when it had absolutely no competition in the field of margin trading services. At that moment, the services it offered were quite tolerable, because there were no analogues or competitors.

But today these services seem somewhat outdated and are most reminiscent of a prehistoric animal of enormous size with great potential for extinction. The conditions with a required deposit of 2000 US dollars and the ability to trade using an entire lot make you think. This is especially true for newbies, whose lots present an excellent target for dealers, who will knock them down at the very first opportunity. Hence the number of negative reviews.

Nevertheless, the stability of TeleTRADE is noteworthy for prepared market participants. It is reliable because it has been tested by time, and this is a very good factor in order to use its services. But before you contact her, you should try your hand at other brokers and dealing centers and a much smaller deposit. If for some reason you absolutely want to trade a whole lot, it is better to entrust your money to a broker who is connected to systems that protect against possible attacks on deposits.

It is advisable to select brokers whose minimum trading volume is 1/10 of a lot. By following these tips, you will not only save your deposits, but you will be able to increase them, creating your passive income.

Have you ever wondered what difficulties may arise for you as a trader in the process of trading in the financial markets? Unfortunately, advertising stories about profits in the thousands are not true. The Forex market has high risks, which can be eliminated through experience, gaining knowledge, and testing selected strategies. Success, unfortunately, depends little on the broker you choose. Therefore, we recommend not blaming the brokerage company for all your troubles.

Teletrade is a company that serves over 2 million clients from Europe, the CIS and Asia. The broker has been operating since 1994. And this means that the Teletrade brand has already been able to acquire certain rumors, earn supporters and ill-wishers. Therefore, many potential traders and investors pay attention to reviews and reputation when choosing a brokerage company. And any expert in the field of SERM (online reputation management) will confirm that you can create any kind of reputation today - it all depends on desire and financial capabilities.

Teletrade problem

Teletrade fraud is a hot topic that has been studied for a long time not only on custom profile portals, but also on some non-state channels. And, of course, a potential trader sees this whole situation and asks whether he should cooperate with such a company. What if it offers some of the best trading conditions on the market?

The purpose of this article is to teach users to distinguish a potential SERM order from the truthful opinions of people.

The problem with the described broker is that in some environments users believe that Teletrade is a scam. This opinion is based on numerous negative reviews and custom articles that denigrate the brand’s reputation. Where does all this come from? There is an unspoken rule among unscrupulous financial companies that brokers with the best trading conditions must be “burned down” in order to reduce their turnover and delay the flow of potential investors. Otherwise, where would small and nondescript brokers with crazy spreads of 10-100 points find their clients?

We will look at the problem of custom SERM versus Teletrade later. The most important thing here is that the Teletrade broker with more than 20 years of history only last years became the center of attention of "experts" writing negative reviews. And it is necessary to sort out all the aspects, the entire cause-and-effect relationship of such a phenomenon.

Teletrade's true trading conditions

To understand the question of whether the broker’s manager is a fraudster, it is worth studying in detail the proposed trading conditions and their transparency. The official website has a corresponding section where general parameters are described in detail:

Spread size - from 0.01 points;
Minimum lot - 0.01;
The number of financial instruments for trading is more than 120;
Trading terminal for trading (main) - Metatrader (independent);
There is no commission for withdrawal of funds.

If we compare the same parameters with other smaller companies, we will notice differences. For example, other companies from the TOP 15 of the independent rating of CIS brokers offer spreads from 1-2 points. At the same time, the withdrawal procedure becomes more complicated, and lengthy verification even raises doubts about the safety of the transmitted confidential information.

How to lose money? Why do users try to blame Teletrade for their failures?

Teletrade fraud is often attributed to clients losing their funds. How does this happen? A deal is opened for the Nth amount of funds from the user's main account. The selected forecast for the asset turned out to be incorrect and the transaction was closed at a loss with a significant drawdown (maybe the Stop Loss level was triggered). And what does it mean? This means that “the broker is to blame,” which must be repeated on all forums and portals. Of course, this is sarcasm.

In fact, it is worth paying attention to the footnotes at the bottom of the site, where it is clearly stated that financial losses as a result of trading are the responsibility of the user who makes the decision to open certain orders. And it also states that Forex and CFD trading are risks. So why do people complain about losing their deposit if they themselves opened unprofitable orders without testing the strategy, without support levels and other things? Accordingly, this method of slandering the Teletrade company can be considered unsuccessful.

The only way to avoid deliberate failure in trading is through your own efforts. To achieve this, the broker not only opened free access to analytics and training materials, but also created its own Academy. It operates on the basis of a license from the Moscow Department of Education, which confirms its effectiveness and legality. It is through numerous courses and seminars that future traders can gain practical skills that will help them avoid financial losses in the future. You can take training courses either remotely or at the company’s representative offices in major cities.

Apart from Teletrade and Forex Club, not a single brokerage company provides the opportunity to learn trading for free on the basis of a modern center. State support in the form of a license from the Department of Education is confirmation that this is not a scam and the broker cannot be a fraudster. Otherwise, after 25 years of operation, the brand would cease to exist.

There are a number of reviews on the Internet indicating that Teletrade are scammers. They usually describe an angry story where people leave training courses dissatisfied. You see, they were recommended to open a demo account or a real deposit upon completion of training to test strategies on small amounts. Or it describes that people lost part of their deposit as a result of an unsuccessful transaction after training. Unfortunately, traders evaluate any course or training material as the only source of knowledge that does not require practice.

You must understand:

Training courses from Teletrade are a basis with theory and practice, which requires additional improvement on your own.
You open all transactions yourself without recommendations from managers, so you are responsible for the result.
It is impossible to become a trading guru in 2 weeks - test strategies and develop your own Forex trading style on a demo account.

And in such cases, you will not waste time and will be satisfied with the result of studying at the Teletrade Academy. An official representative of the broker said that over the entire period of the courses’ existence, more than 20 thousand people have studied remotely and in person. About 95% of them were very satisfied, and 75% linked their future activities with trading in financial markets with Teletrade.

If you don’t know how to trade on your own, use Teletrade investment programs

Another reason for the failure of some traders is their lack of readiness for independent trading. If it doesn't work out for you, it's not the broker's fault. Try changing your strategy and getting training. And if you want to “sleep peacefully” and be confident in the safety of your funds, then pay attention to Teletrade investment programs. For example, the “Synchronous Trading” program.

It works on a simple principle: you open an account, connect to the program by selecting a managing trader (whose transactions will be copied). Then everything happens through the Metatrader terminal automatically.

On the Internet on specialized portals and forums you can find many reviews that this program works effectively. All profitability and drawdown indicators (averaged values for the selected period) are available in the rating table. The investor’s task is to choose any performer whose transactions you will copy. The deposit remains with you, and all orders are protected by Take Profit and Stop Loss levels.

What is it that even avid “haters” never criticize in Teletrade?

The most interesting moment in the process of analyzing the material before writing this article was the search for details that had never been criticized by anyone (even in custom-made revelations with the aim of denigrating the brand’s reputation). And this is a section with free analytics! The broker worked this section so effectively that no one could find a single flaw in it.

The section consists of:

Economic calendar (extended, updated online);
Forecasts from experts;
Technical analysis (text material and screenshots of charts with symbols);
Market panoramas (reviews of the most key economic and political events);
News;
Quotes.

Each section is supplemented with graphic elements. This means that you will practically not read the text. Videos and screenshots of charts the best way display the features of trading strategies and signals. And in not a single review could I find anything negative about the analytical material. A whole department of specialists works on the block, updating information daily. This means that every trading day there are reviews of the markets, analysis of currency pairs and other financial instruments.

Beginners often wonder how they can use the information from the analytics section to their advantage and benefit. Here's an accessible example:

You open the economic calendar in the morning. Research upcoming important events marked with two or three stars of importance. Next, you study the forecast and compare it with the current result. If necessary, double-check information on third-party, independent resources. The correlation between the forecast and the actual outcome (for example, the US unemployment report for the quarter) will help you make the right forecast for the asset affected by the event.

All basic information for a full analysis is available on the website in the section.

Conclusion: should you trust Teletrade?

Fraud and open, legitimate work as a broker for almost 25 years are not compatible things. If we try to find scandals or litigation between this financial company and clients on the Internet, you will not find anything. As it turned out, the brand has an absolutely positive history, which is not tainted by scandalous situations.

Teletrade could not be involved in fraud due to state support and the presence of a valid license from the Cyprus regulator CySEC. This means that the financial statements of the entire group are subject to careful control.

And negative opinions, although isolated, exist among all financial companies or other organizations. Considering the number of existing clients, it is not surprising that there are a few who remain dissatisfied with the result of cooperation. And to exclude this, it is recommended to immediately start trading on a demo account and use effective money-management.

And if you still have questions or doubts, you can familiarize yourself with independent and objective responses from real clients and investors.

Details

Broker
Website
Date of foundation	1994
Headquarters	123317, Moscow, Presnenskaya embankment, building 8 building 1, room 285C
Helpline	8-800-555-32-53, +7 (495) 961-20-23
Types of support	Chat, phone (including call back form), email
Languages	Russian, English, etc.
Terminals	MetaTrader 4, MetaTrader 5
Min. first deposit	$2000
Min. bid	$10
Bonus	Bonus $1000 on deposit
Payments	Up to 100%
Leverage	1:200
Spreads	from 0.00008 points
Free demo account
Adjustable
Regulator	Central Bank of the Russian Federation (No. 045-13980-020000)
Account types	Demo, Standard, Professional
Replenishment methods
Withdrawal methods	Bank transfer VISA, MasterCard (credit and debit cards), WebMoney, Skrill, QIWI, Yandex.Money, etc.
Number of assets	100+
Types of options	Currency pairs, futures, CFDs, indices, metals, oil
Account currencies	USD
Mobile trading
Trading from a tablet
Overall rating	3/10

Detailed review

The TeleTrade group of companies is the largest, which works with clients around the world, as well as in Russia, providing traders and investors with the opportunity to earn money from online trading. The brand has been on the market since 1994 and today has more than 200 representative offices in 30 countries, and has been awarded prestigious awards in Moscow, Vienna, Oxford, etc.

- a scam or a company you can trust with your money and time? We will answer these questions in detailed review broker.

Terms of trading with TeleTrade

The broker's website, as its business card, in many ways inspires trust among users: there are several language versions, including Russian; information about the company and its regulation is provided; Thoughtful design does not interfere with finding the right material. Anyone can quickly and easily register on the site, download a free terminal, open a demo account and immediately start trading currencies, CFDs on shares, futures and metals. The company provides its clients with one of the most reliable terminals - MetaTrader 4, as well as its updated version - MetaTrader 5.

Popular with TeleTrade investment projects“Master-Invest” (automatic copying of transactions of successful clients) and “Traders’ Exchange” (convenient analysis of traders’ activities and the opportunity to agree on cooperation with them). A 24/7 customer support service staffed by high-level specialists is available. There is also the opportunity to undergo trading training (with a diploma), which is positively rated by traders in reviews.

We would also like to note the current daily analytics, which have received international prizes more than once (some of the reviews clearly show that traders successfully trade based on expert forecasts). Technical analysis The market is released every morning and is supplemented by a comprehensive assessment of asset dynamics by leading financial analysts. The broker allows the use of any automatic hedging, etc., in trading.

TeleTrade platform

The company provides clients with reliable and functional terminals MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a functional platform, which is not for nothing so popular among modern traders. It makes trading not only easy and convenient, but also profitable, it works quickly, without freezing - this confirms that we are dealing with a high-level brokerage company. The platform contains maximum opportunities for functional trading and will allow for full-fledged market analysis.

Here are available graphical elements, different types of charts, many assets, expirations, as well as advisors, robots, and a news feed. In addition, indicators and entire trading systems can be added to the platform, which will make market analysis more effective. It is worth paying attention to MetaTrader 4 MultiTerminal, which will allow you to access several accounts at once, including training ones.

The MetaTrader 5 multi-market platform (Windows, MacOS or Linux) is an updated version of the legendary terminal, which offers the user even more advantages, options and capabilities. MetaTrader 5 is high performance, an expanded depth of market, support for different types of orders, fast execution of transactions, 21 time frames (1 minute-month), more than 80 indicators, sections “Library”, “Market” and “Freelance”, where you can download or buy new tools, etc. To start working in the platform, you need to install it on your computer. You can also use its web version, which will allow you to start trading from the broker’s website, study asset quotes, set up charts, use analytical tools, and perform any operations (pending and market orders).

TeleTrade broker quotes

As one of the leaders in the Forex market in Russia and abroad, TeleTrade cooperates only with serious organizations, which allows it to provide traders with only high-quality service and up-to-date information. This also applies to asset quote providers. The broker cooperates with Thomson Reuters, one of the largest organizations providing financial data and news feeds to market participants around the world. It is Thomson Reuters that is one of the leading and reliable liquidity providers, without which today, one might even say, it is almost impossible to work with financial markets.

Another supplier of data on the cost of quotes is the largest international organization TeleTrade DJ International Consulting Ltd. It provides access to trading in financial instruments to clients around the world, has serious licenses (CySEC, Central Bank of the Russian Federation), provides clients with up-to-date analytics, trading signals, etc.

TeleTrade demo account

To get acquainted with the capabilities of the broker's trading platform, just use a free demo account of the MetaTrader 4 and MetaTrader 5 terminals. The advantage of educational trading with virtual money is that you can safely trade in a real market simulator program, use indicators, signals, strategies, and place bets , but do not risk your personal capital. This, moreover, increases the level of trust in the broker, allowing you to actually see the quality of the service they provide, the professionalism of the support service, the performance and convenience of the platform. After trading on a demo account, you can switch to a real account, which will allow you to earn money and withdraw it to a card or in any other convenient way from those offered on the broker’s website.

TeleTrade mobile application

TeleTrade offers the trader several mobile versions of the trading platform, allowing him to work on the market at any convenient time (Android, iPhone, iPad). By downloading the application for free and installing it on your smartphone, the user will have instant access to trading on the Forex market when it is convenient for him. Now you don’t have to work at a computer in order to test a strategy or adjust a deal, check your account status or withdraw money to a card. All this is possible from your smartphone.

You can download from the official website of the TeleTrade broker mobile version MetaTrader 4 platform for iPhone and Android, which will allow you to easily work on demo and real accounts, study information about quotes in real time, use a set of orders (including pending ones), trade directly from the chart, and study the history of transactions. Even more opportunities await the user who has downloaded the MetaTrader 5 mobile application (iPhone, Android) from the site, which offers to work with unlimited groups of accounts, an unlimited database of orders, an economic news calendar, advanced timeframe settings, exchange messages with traders and send them files, etc. .d.

Bonuses at TeleTrade

Each trader of the company can receive 2 types of bonuses:

1) 24% bonus for traders who actively trade on the platform. To receive it, you must actively work in the company's terminal. For more information about the terms of the bonus, please contact your personal manager.

2) $1000 bonus on the first deposit for all new clients of the company. To receive it, you need to top up your account with at least $1000. For more information about the terms of the bonus, please contact your personal manager.

Replenishment and withdrawal of earnings

TeleTrade offers different methods of depositing and withdrawing funds. In order to top up your account and start real trading, you need to go through a quick registration, deposit the required amount, choosing a convenient method of transferring funds. The account is opened only in US dollars.

Money for trading is available immediately after payment. Withdrawal of funds is possible for authorized traders, terms for crediting money: from 1 to 7 days, carried out strictly within the framework specified on the website, which increases confidence in the broker. Detailed information about withdrawals and limits is provided in the trader’s personal account.

Complaints about TeleTrade

TeleTrade has a variety of reviews online, but it is worth noting that most of them are positive. Traders speak well of the ease of use of the website and terminal, the fact that the broker provides an opportunity to earn real money, the favorable terms of cooperation with him and interesting services. All this once again proves the seriousness of the company, testifies to its reputation and success.

And yet, there are also negative reviews and most often the company’s clients complain about refusal to withdraw funds, terminal problems, etc. In order to avoid negativity when working with a broker, fully verify your account, check with your personal manager about the specifics of the procedure for withdrawing funds and using bonuses.

Let us only note that TeleTrade has been operating in the financial services market for quite a long time and has managed to gain recognition from traders by providing them with high-quality service: an informative website, a functional trading terminal, convenient withdrawal options - all this speaks to its stability.

If there are complaints about TeleTrade, we will definitely publish information on social networks. Subscribe to stay up to date with news.

TeleTrade broker regulator

The activities of this broker are transparent; it is regulated in several countries around the world, including Russia. In our country, TeleTrade is regulated by the Central Bank of the Russian Federation: license No. 045-13980-020000 of a professional participant in the securities market to carry out the activities of a forex dealer dated 05.12.16.

The broker also has licenses CySEC (158/11), TsRFIN, KROUFR, he is a member of the self-regulatory organization in the financial market of the Association of Forex Dealers (AFD). Information about its other regulators is presented on the website in the “Licenses and Regulations” section.

The “User Agreement” is an important document that describes the rules of operation of the trading platform, the responsibilities of the trader and broker. For TeleTrade, this document can be read on its official website in the “Regulatory Documents” section. When starting work on its platform, be sure to study this document in order to know what the company’s actions will be in the event of force majeure, terminal failures, etc. In many ways, it is worth reading its provisions because it usually contains some provisions that may be disadvantageous to the trader and may raise a lot of questions for him.

In clause 2.4.1. The document states that the company has every right to terminate the cooperation agreement with the client unilaterally if he illegally uses the software, violates the terms of the “Agreement”, as well as for other reasons, because there is the wording “not limited to” - that is, not limited to the reasons listed in this subclause:

It is worth paying attention to clause 2.4.4., which states that the company has the right to suspend operations if the trader sent the broker incorrect or outdated data, if he refuses to provide the managers with the necessary documents:

The text of the document quite rightly pays attention to the fact that it is important to remember its rules, because they apply to all of the company's clients, even if they do not read them. The trader is obliged at least “at least once a week, independently or through Authorized Persons, to contact... the Personal Account for information about changes and/or additions made”:

Is TeleTrade a scam?

TeleTrade today is one of the experienced and most successful brokers on the market, known throughout the world. The company has been providing high-quality services for trading and investment for more than 20 years. The work takes place in a reliable MetaTrader 4 (and MetaTrader 5) terminal, which is unlikely to cooperate with dubious brands. The company publishes up-to-date daily analytics, which has won more than one international prize and influences user income. You can study numerous reviews from traders, most of which are positive, which cannot but increase the level of trust in the broker.

One of its advantages is a high-quality website (including its Russian version), the presence of a bonus system, round-the-clock feedback, training opportunities - all this demonstrates a well-thought-out policy for working with the user, which is absent from fraudulent sites. In addition, this is a licensed broker with many awards and certification, which also characterizes it positively. All this speaks of the serious intentions of the broker, who can hardly be called a fly-by-night or a scammer.

Despite the fact that the broker has more positive aspects, there are also negative facts in the operation of its service: the high cost of the deposit fee (from $2000), not all the material is presented on the website (types of accounts, trading conditions, etc.), - all this complicates cooperation with the organization, etc.

It is possible to get an answer to the question “divorce or not?” It will help that the broker is considered one of the initiators of the creation of KROUFR, one of the first to receive its license. The company is a co-founder of TsRFIN and has its license. And yet, TeleTrade is a scam? We think definitely not. Over the years of successful cooperation with traders around the world, the company has been able to prove this. To avoid problems when trading with any broker, we advise you to check with your personal manager for all the information about the rules for using bonuses, the withdrawal procedure and other features of the work.

Conclusion

It has been successfully providing online trading and investment services for more than 20 years, considered one of the industry leaders. Today, having a large base of users around the world and providing a truly high-quality product for work, the company is constantly developing, following modern trading trends in financial markets.

The broker has serious licenses, a lot of positive user reviews - all this definitely increases the level of trust in it. The presence of negative reviews on the Internet indicates that it is necessary to work with the user, possibly providing him with more complete information. We can only hope that in this part the broker plans to improve the service, develop, offering traders more unique opportunities.

Should TeleTrade be assessed as a scam? We answer this question in the negative, because the company really demonstrates high quality of services and thoughtfulness of the service. When contacting traders, we are waiting for real reviews about TeleTrade, which will affect its ratings on our resource, and can also warn against problems in its work.

The reputation of Forex dealers is also a commodity. On the Internet we can find a huge number of “revelations”, articles about the fraud of certain companies. And often the lists of undesirables include those brokers who have been working in the market for decades, having 50 or more offices around the world! Is Teletrade a scam?

Is there really a deception around us and a worldwide conspiracy before us?

There is such a thing as SERM. It stands for online reputation management. Today in Russia there are more than 100 brokers who operate on the basis of a license from regulators. This means that competition is increasing every year. After all the target audience dealers are very limited in number (potentially these are people who know the basics of financial literacy).

How can large financial companies attract clients? Low spreads? An expanded list of trading instruments? Simple registration?.. No! After all, everyone has it. But the main tool for attracting clients for some brokers is the deterioration of a competitor’s reputation.

This means that large companies often suffer from similar machinations of competitors. And in Lately On the Internet you can increasingly see screaming headlines that Teletrade is a scam.

Note! Of all the Forex brokers operating in the Russian Federation, few meet the criteria of a truly high-quality company. The leader is - Alpari!

More than 20 years in the Forex market;
- 3 international licenses;
- 75 instruments;
- fast and convenient withdrawal of funds;
- more than two million clients;
- free education;
Alpari is the No. 1 broker according to Interfax! All you need to get started is just register on the site!

Reviews in search engines.

How is it shown:

Custom-made exposures of certain brokers with a detailed schedule, screenshots and publication in expensive portals;
Stamp of negative reviews on various forums and portals from bots;
Custom videos filmed as an expose (usually have good editing and are published on popular public pages).

The SERM service allows everyone to order not only “improvement” of the company’s reputation, but also its deterioration. Chernukha!

Have you ever wondered why people publish not just negative reviews, but full-fledged articles, reviews, and shoot expensive staged videos without evidence. But at the same time, the “scandals” do not go beyond the Internet? And on the Internet a picture is created that this or that company has fooled 1 million people. Really? And why does no one know about this, except for readers of some dubious sites, where it is written everywhere that Teletrade is a scam.

Attention! This is just an opinion and an outside view. We do not claim that Teletrade is Mother Teresa. There are no perfect brokers. But we consider it necessary to show you with examples that black PR is common in the Forex market.

Template No. 1: everyone writes that Teletrade changes quotes and drains your deposit!

Now let’s put aside all thoughts about the global CIA conspiracy and approach this issue from the point of view of real facts. Many Teletrade revelations are based on the fact that the broker “twists” quotes so that all the client’s transactions are closed in the red. Seriously?!

But quotes are not set by company employees. They change online, as they are connected to international servers. The so-called quote providers (Thomson Reuters, Leverate, Electronic Broking Services (EBS) and others) are exchanges that combine quotes from the world's largest banking institutions and other sources. For example, EBS processes more than 2,500 quotes from banks online and duplicates them on the servers of the connected broker.

You can't change them manually, it's stupid. Just imagine how many employees it would take to change hundreds of quotes online?

The difference in quotes from one broker or another means that the companies are connected to different exchanges and receive values from different sources (independent).

Template No. 2: Money is not withdrawn to Teletrade, it can only be withdrawn to a replenishment card, payment is delayed

Also, fraud in Teletrade is often associated with the fact that money is withdrawn inconsistently and with delays. At the same time, they do not allow output to third-party resources.

Fortunately, there are a lot of Photoshop tutorials on the Internet, which some people use to draw pictures of the supposed lack of payments from large brokers. In particular, in many custom reviews Teletrade is accused of allowing withdrawals only to the replenishment source. And in some cases, applications are ignored.

Let's start with the fact that withdrawing money to a top-up card/wallet is a necessary measure of financial security. It was approved by the Central Bank and is aimed at combating money laundering. What if someone bought/found a bank card with money, was able to open an account through it and withdraw money in another way? This cannot be done, otherwise the fraud will not be tracked. Of course, banks check all payments and actions with brokers, knowing the amount and time of withdrawal.

Delayed payments are not a reality, these are far-fetched, panic attacks on the part of users who have nothing to do with financial markets. I wonder if such people have ever read Terms of use with a company? They write that they are not being withdrawn $10-50 thousand dollars!!! Seriously? And they write a simple review about this without proof??? For $10,000 one could file an application not only to the court, but to the UN.

By agreement, the withdrawal request is processed within several days (up to three working days, which means that taking into account weekends, money can be withdrawn up to 5 days!). And this is an absolutely normal indicator that you agree to.

P.S. open any independent portal and look there for reviews about Teletrade NOT from bots, but from real accounts with verified status! You will be surprised.

Do you really believe in statements when people are not paid $10-50 thousand dollars, but they write “a negative review, maybe they will return it”?!

Template No. 3: they are fooling me, forcing me to undergo paid training and open an account! Scam and scam!

The stupidest and most ridiculous prejudice is that people are allegedly lured into work and forced under torture to open an account, pay for courses, and deposit $10 thousand into the account. I recently came across this review:

It feels like you are reading a literary opus. A girl came to work as a manager (with a small salary) and easily opened an account for $15,000. Do people with such savings go to work as a simple clerk for a salary of $250 a month? Seriously? And they were stored on her card?

And now the proofs:

The company provides paid training at independent training academies in different cities world, and anyone can take them to obtain the status of a financial expert.
A company doesn't hire people with the requirement to open an account - that's stupid.

Are you ready to believe everything that denigrating customers write about brokers like Teletrade? And this is not just a problem for this company. Of course, the broker is trying to combat this. Therefore, the best proof of innocence is to play an honest, long game.

Friends, before using the services of a broker, check the proofs. And you shouldn’t immediately believe publications that Teletrade are scammers, like any other company, until you check this information.

The tips below will help you:

Search the Internet for information about lawsuits against the company (this information is publicly available). If they are not there, the company is working honestly.
Study the agreement and follow its terms - this way you won’t be surprised by withdrawal of money within 3-5 days.
Do not agree with the statement about instant earnings through trust management of money. The Teletrade company never requires opening an account with them and replenishing it with thousands of dollars!

Turn on your mind and your well-being will improve!