I've been trading in teletrade for about two months, so I got to the first withdrawal, tell me, what is the fastest way of withdrawal here?
Bank wire is longer. I'd suggest one of the e-wallets or credit cards for Teletrade withdrawals. But for larger withdrawal amounts it might be cheaper to do the bank transfer.
Well, we can talk a lot about this broker, because the history of teletrade is very big and interesting, for me personally it was one of the key reasons why I started trading here, I thought that a broker which has been in the market for a long time is an indicator of its quality and I was not mistaken. This company is not stuck in the past, it develops and at the same time takes a traditional approach to clients, which allows to feel more comfortable. I have not faced any problems here, the terminal works perfectly, and commissions for everything are quite acceptable. It seems to me that this company has the same big and successful future.
It's amazing that the broker hasn't spoiled for so long and continues to provide good service. At the same time, new trends are monitored here, and it also allows the broker to stay in the list of leaders for a long time. The synchronized trading was a definite success.
I like working at Teletrade - it's a great terminal and I like the staff, they will always help me, but the bonuses are small, I see other companies offer 100-150% for any amount, but here it is not.
Everything here is fine with the bonuses, on the contrary, I am confused by the excessive generosity of brokers who give out too large amounts to everyone. It's all suspicious. Here the bonuses are commensurate with the capital as a small support from the company, so the workout is small and you can manage your money as convenient as you want.
I came to trade there by suggestion from my friend and can really claim TeleTrade to be one of the best brokerages I ever trade. I can notice such points as: 1. 100% Regulated by the European Union authorities 2. Nice spreads. As usual, brokerages are divided into two categories: regulated with high-spreads and unregulated with low spreads. I prefer to use regulated brokerages, but I don't want to overpay too much for opening each deal, especially as I'm opening a lot of deals. With TeleTrade spreads are not high. Maybe unregulated brokerages may provide even lower spreads, but there I know what I'm paying for, so there is zero questions :) 3. Metatrader 4 with all benefits 4. Fast order execution 5. Fast withdrawals 6. Sync-trading I especially like sync-trading feature and can recommend it for everyone who don't know how to trade or just want to relax and don't trade each day.
If I'll write a review, it will sound like Teletrade ad :) But its true, I can't find what to complain about. I was working with Teletrade back in 2000s, but then I moved to work for a brokerage company and quit trading as individual. However, in 2010s I decided to work on myself and my first and last choice was Teletrade, as I know that broker is reliable. For that time, it was a lot of changes, but they were only positive and make trading with Teletrade even better. I know there is hype about copy-trading. Really, maybe for noobs that cannot trade on themselves that's beneficial (or professionals that have no money, lol), but for individual professional traders I don't see how it can be applied. However, once again, that's good that brokerage offers variety of different services and maybe someone will find it beneficial.
I can't understand why people are shamed to say that brokerage is cool if they think so. I'm 5 years with Teletrade and I can, with no shame just say THIS BROKERAGE IS COOL. It's a real brokerage company, with CySEC regulations, offices around the globe, quick order executions and fair spreads. Of course, compared to small brokerages with no offices and 5 employees spreads are higher, but you pay for working with world-known company, that's the point. So I see nothing bad to suggest this broker to everyone!
Well, okey, I'm absolute noob in trading, but I have money and want to get passive income. I just want to invest my money in trading and get some profit, but there are a lot of different investing options. I counted 4, can someone distinguish me the difference PLZ: 1. PAMM Investing 2. Copy-trading 3. SYNC Trading 4. Managing funds What's the difference?? Each type is just 'I give my money - someone trade and give me my profit net of Comission'. so what's the point??
That's a great difference, as I understand it. PAMM trading is when you give your money to other manager, who will be managing them and you have no access to them. That's beneficial, but also risky and many investors want to have control over their money. Managing funds is the same, but you are free to contact with manager and negotiate everything you want. Managing is good way to invest in trading, but managers want to operate great money, so if you don't have at least $5,000, it's unlikely that you can find a good manager. So what to do? Teletrade developed a way to combine PAMM and Managing funds and is now offering copy-trading (sync-trading, that's the same), you still keep control of your money, but you can choose the master you want to follow, so you will trade the same way as your master. If you ask an opinion, I can suggest you to start sync-trading, I use TeleTrade and can recommend this broker, there is vast list of reliable masters.
I was starting with copy-trading myself. Results were good but I wanted to learn how to trade myself. If you want to build your life with trading you should rely on your own, not on copying others. At the moment I plan to participate in rankings myself and become a funds manager, so that other copy my trades. Regarding Teletrade in general, I'm trading for a long time and never faced any problems, I like that broker allows to use Metatrader, as that's most common solution on the market. There are a lot of indicators to analyze and build trading with your own strategy.
Teletrade is one of the most recognizable brokers for retail trading. I think they work well on new features they offer/ Each product is finished and useful. Mostly I'm surprised how well is auto following master accounts is organized here. Process is fully automated. Real paradize for an introvert like me :)
What about regulations there? It's cool that they offer a lot of features, but reputation and regulations are even more important!
It's all info on TeleTrade website, as I remember. Reputation is good, it works since 1996 and has a lot of offices all around the world and so on. I trust this brokerage, as 5 years of my own experience prove it's reliable enough. TeleTrade is regulated by CySEC and it's reliable institution that cooperates with other European securities and exchange comissions. As you see, Teletrade is not just about "trade with us, we're cool", but company is really regulated and reputable.
It seems to me that problems with this broker can arise only if you do not trade but play the game and rely on luck, because there are all the conditions for successful development here. And the platform here is MT5 (excellent choice!) and there are a lot of assets and you can withdraw any amount without commission. The only disadvantage, in my opinion, is that there are assets with quite high spreads. But here you just need to be more careful and properly assess the possibilities of your capital, so as not to find yourself in a stupid situation. But the rest is fine. I recommend it! Even if you don't think you can become a real professional, you can always try some investment programs that company offers, i.e try following the strategies some other successful traders for a small fee. teletrade has automated all the processes, so this is really easy to do.
Yeap, many people overestimate their willpower and trading skills. I've seen traders leaving the industry after 5 or even 10 years lost in vain because they simply gambled instead of developing their market understanding. This is a good suggestion for such people to rely on someone else's skills. Trading is really a great opportunity not to be missed. But if you can't learn trading yourself you definitely can invest in someone else's system and still get enough profit.
I have been cooperating with TeleTrade for a long time, this company has been on the market for a long time and during this time it has acquired the status of a real broker, which allows its clients to work in comfortable conditions. I have never once thought about changing a broker. Except when I once wanted to try binary options. But I quickly changed my mind and still remained in forex. It's a convenient platform and the prospects for earning bigger are much higher. I like that there are a lot of assets here, although they could add some stocks of new companies, still time does not stand still. You can use different leverage and spreads here, so even with a small starting amount you will feel quite good.