TeleTrade Review 2024 Must See Welcome Bonus & Forex Fee Details

Read the user guide on how to download, install and use the MT4 platform for Windows. The currency calculator shows you the conversion value between 2 different currencies. You simply select the base currency and currency you wish to convert to, then click calculate to see the conversion. Client funds are secured in segregated accounts with leading international banks, separate from the company’s funds so that they cannot be used for any other purpose. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust.

TeleTrade trading platforms and tools

The broker has solutions for those who want to trade by themselves or copy signals from other traders. You can access real time market quotes of multiple instruments and trade directly on charts. The platform supports multiple order types, has 9 timeframes to choose from with over 30+ technical indicators and graphical objects built in for conducting chart analysis. There is teletrade metatrader 4 the MetaEditor which enables users to create their own custom indicators and expert advisors (EAs) in the MQL programming language. The strategy tester allows you to back test EAs over historical data whilst you can find additional EAs and indicators from within the MQL marketplace. You can also set MT4 to alert you on specific events via sounds, pop ups, SMS and email.

• The broker also provides its services on a cross-border basis to other areas, including Asia and Africa.
• Also known as social copy trading, each signal provider charges a different subscription fee for access.
• This review was pleased to see TeleTrade offers both MetaTrader 4 and MetaTrader 5 platforms, which can be downloaded onto desktop PCs, or accessed straight from an internet browser.
• Yes, you’ll need to open a live trading account with a supporting broker if you want to place real trades within the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms.
• We’ve evaluated over 60 forex brokers, using a testing methodology that’s based on 100+ data-driven variables and thousands of data points.
• MT4 alternatives do exist; cTrader is another popular third-party trading platform.

MT4 Platform

Additional educational resources include free forex webinars from investment experts, tutorials for beginners, and daily market video briefings. A useful interactive chart and economic calendar also allow you to keep track of current prices and global news. There are some useful forex calculators available as well, including https://forexarena.net/ margin and pip calculators. The MT4 MultiTerminal desktop app is also available for investors or traders who work with multiple accounts simultaneously from Mac or Windows computers. Established in 1994, TeleTrade is an EU-licensed CFD and forex broker, regulated by the Cyprus Securities and Exchange Commission (CySEC).

Does MetaTrader 4 cost money?

TeleTrade may charge you fees for withdrawal and your deposit may take up to 5 business days to complete. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. TeleTrade have offices throughout Europe and offer multi-lingual customer support 24 hours a day, 5 days a week.

MetaTrader 4 is without a doubt the world’s most popular trading platform due to the easy usability and feature-rich environment of the platform. TeleTrade have won awards for the various educational resources that they offer to clients. This is the interest difference between the traded currencies and is determined depending on the direction of your positions, long or short. Swaps are charged every night and tripled on Wednesday to account for the weekend. With the swap calculator you enter your chosen currency, trade size, account currency and then click the calculate button to see how much the swap fee will be.

How many MT4 brokers are there?

They have a selection of trading calculators on their website to help with planning your trades. The calculators are supplied as auxiliary tools serving for informational purposes only. TeleTrade-DJ International Consulting Ltd operates in the European market in accordance with the Markets in Financial Instruments Directive (MiFID).

We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. TeleTrade is an award-winning broker with a strong track record and decent customer ratings online. The broker also holds EU regulatory licenses and provides a strong level of fund safety for its clients. There are 30 built-in technical indicators, 23 analytical objects and numerous analytical tools that traders can use to identify entry and exit points. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

This can help clients to opt for the most suitable account type according to their needs and help plan their trading strategy. The cost transparency information on the website shows the average impact of transaction costs per notional $1,000 of trading volume for the most recent quarter. These trading costs have an impact on the net profitability of a client account and thus a client should take these costs into consideration before trading. While backtesting is used by traders, it is also used by the signal creators too. Some developers may optimize their strategies over a historical data set (i.e., run it multiple times over the past three months of EUR/USD tick data) on purpose, which can lead to curve-fitted results. Expert Advisors, or EAs, are used in the MT4 and MT5 platforms to run automated trading systems.

TeleTrade might not be the best choice for beginners due to its lack of educational resources. It does not offer beginner or advanced education videos, and its rating for education and beginners is below average. TeleTrade holds just one regulatory license, from the Cyprus’ regulator CySEC, bringing its Trust Score rating down. ForexBrokers.com rates TeleTrade with a trust score of 71, categorizing it as average risk. The MetaTrader 4 platform update will be released on Friday, February 23, 2024.

It should be noted that past performance is by no means a guarantee of future performance. The profit calculator can show you the potential profit or loss from a position. You can choose different opening and closing prices to see the difference in results. You simply select the currency pair, trade size, position direction, hold period, open/close prices, account currency and then click the calculate button to see the potential profit or loss of the trade. The pip calculator helps to calculate the value of positions on the currency that you wish to trade. Simply enter your chosen currency pair, trade size, account currency and then click the calculate button to see the value of each pip.

MetaTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I am a huge fan of the MetaTrader platforms and think they are perfect for getting quick and easy access to the markets with minimal fuss. They can do everything I need them to do from market analysis to automated trading and much more.

If you want spreads from 0.0 pips, then you could always consider XM Group as an alternative option. TeleTrade clients have access to trade on platforms that utilise the latest technologies on multiple devices. The copy trading programme “TeleTrade Invest” can be used by all levels of clients to copy trades of other traders.

There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).