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Teletrade Fees and Spreads

Teletrade Fees and Spreads

 

Overall Rating

4.7/5

Rated #211 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Teletrade does not charge commission fees with spreads from 0.2 pips.

Teletrade does not charge for deposit fees but there are withdrawal fees on certain trade methods. Teletrade also charges an inactive fee however the size of the fee is unknown.

Finding a reputable list about Teletrade Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Teletrade’ spreads range from 0.2 pips to floating spreads for Islamic traders.

The spread list and fee schedule which is offered by Teletrade are transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with Teletrade is as follows:

The NDD account spreads start from 0.8 pips.

For Real ECN account spreads starts from 0.2 pips

For Standard account spreads start from 1.5 pips.

There is no commission amount featured on Teletrades’ website. More information should be obtained from their customer services.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

According to Teletrade, short positions which are held overnight will be credited with swaps. These are calculated based on the one-month interbank rate minus 2%.

Should long positions be held overnight, traders will be debited with swaps. This is calculated according to the one-month interbank rate plus 2%.

For more information on the swaps that traders can expect, traders can consult the Teletrade website. The broker makes adequate provision, where forex is concerned, to supply a breakdown of each forex pair and the swap long and swap short rates in pips.

Teletrade makes provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.

Teletrade does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.7/5

Rated #211 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Teletrade does not charge for deposit fees but there are withdrawal fees on the following payment methods used:

Deposits

  • Credit/Debit Cards – No charge
  • Credit/Debit Cards – No charge

Withdrawals

If you request to withdraw your money and you have had no trading activity, then Teletrade reserves the right to charge you the equivalent amount of any banking fees incurred, or three percent of the total withdrawal amount.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Pros and Cons

✔️ PROS ❌ CONS
Low minimum deposit No US clients
Well-known platforms No bonus
No deposit fees
Competitive trading conditions
Islamic Account/Swap-free provided for Muslim traders

 

You might also like: Teletrade Minimum Deposit

You might also like: Teletrade Demo Account

You might also like: Teletrade Sign up Bonus

You might also like: Teletrade Account types

You might also like: Teletrade Islamic Account

 

 

FAQ’s

 

How many instruments can I trade with Teletrade?

You can trade the following financial instruments:

Commodities

• Indices

• Precious Metals

Energy

 

Which platforms are supported by Teletrade?

MT4 and MT5

 

Does Teletrade offer leverage?

Yes, Teletrade has a maximum leverage of 1:500.

 

What spreads can I expect with Teletrade?

Fixed and floating spreads depending on what account.

 

Does Teletrade charge commission?

No

 

Is Teletrade regulated?

Yes. Teletrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), and EEA authorized to carry out its Forex brokerage activities throughout Europe under the Markets in Financial Instruments Derivatives (MiFID).

 

Is Teletrade a recommended forex trading broker for experts and beginners?

Yes. Teletrade caters to both beginners and experts.

 

What is the overall rating out of 10 for Teletrade?

8/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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