It’s a very interesting brokerage service. At first sight, that’s a typical broker that comes up with a standard combination of fixed and ecn accounts and Metatrader 4 and Metatrader 5 as major trading platforms. As for its actively promoted sync trading feature, it’s not unique because today many brokers offer their clients to copy the trades of the most successful traders. What makes this broker special is its rewarding system. The broker strives to encourage traders to stay with the company as soon as possible. Anybody who joins the broker gets so-called points that can be exchanged for real money. The broker gives points even for such routine things as registration and depositing funds. The maximum amount that can be gained by exchanging points accounts for $10,000. Of course, one needs to demonstrate tremendous activity and stay with the broker for a long time to count on that jack-pot. Nevertheless, it’s a good motivation to stay with this broker.
Are there any innovations that have recently appeared in TeleTrade for clients?
New bonus conditions. Cashback. Educational courses. This broker surprises every year with something unusual.
I cannot assess the quality of the trading conditions at TeleTrade. I practically do not use anything other than Synchronous Trading. I once selected a Trader from the list, connected my Investor account to him, and now his trades are simply copied into my account. It happens automatically, without my engagement. I like this approach. Especially the moment that in the list, Traders mostly use automatic systems for trading. This also has a positive effect on income from trading. As for the rest, I haven't even looked at the site. I don't have time to trade. That is why I'm writing this review for those who want a passive income from the market.
I guess I should try this too. The very idea of getting a passive income attracts me. By the way, I also trade with Teletrade, but I do this manually. In this regard, the broker absolutely suits me.
I've known the company for a long time, it's quite famous. But I started trading with TeleTrade 6 months ago. I've connected Synchro-trading, and I'm satisfied. The trades are copying automatically.
I appreciate my experience with TeleTrade. I should stress that I don’t copy trades despite this service provided by the broker is highly advertised. Instead, I trade manually using its ECN account. I like how my trades are executed.
I've been using Synchronous Trading in TeleTrade for a long time. I like that I don't have to bother with market analysis. I just choose the Trader whose results are right for me and link to him my account. After that, his trades are copied to my account. And since I chose an automated strategy, I also get the benefits of the algorithms. By the way, I will tell you a little more about how I chose my Trader. I will say right away that many people are chasing a quick result and link accounts at the moment when the Trader's profitability is at its peak. This is not right. Because the rise is always followed by a rollback. And you come in the moment of the highest yield and get to the drawdown. I connect my account to a Trader when his chart decreases slightly. Of course, before that, I analyze how he got out of past drawdowns. If everything is okay on the yield chart, then I invest in it. But lately, I still want to invest more for a long time, for example, by buying stocks. I heard that TeleTrade has launched some risk-free investment program for those who buy Apple stocks. Who does know more about it?
Everything is simple, when you're making a deposit - TeleTrade is rewarding you with Apple shares. That's something like bonus for deposit, but not in money, but in Apple shares, so that seems good. That's one some traders call it risky free, as you just get Apple shares, without any additional investments. There's calculator on TeleTrade website, so you can calculate number of shares depending on your deposit size.
I'm trading with TeleTrade since 2012, I was attending their educaitonal seminars in one of TeleTrade offices and after that started my solo-trading career. To be honest, brokerage charges relatively high-spreads, they're around 1.7-2.4 pips for major CFDs, compared to 1-1.5 pips offered by other brokers. But I see how these funds are used, so I agree to pay to get such benefits, that's not a breathing tax =)
I'm trading there now and I'm looking to try copy-trading, as many traders suggest to try it to diversify risks. I know that trading with TeleTrade is good, as I'm trading 3 years there. However, I don't know nothing about copy-trading. Can u explain how to choose the right strategy and master?
First, you need to choose the broker that fits your goals the best. Just decide, what's important for you? Perhaps, the most important thing for you is the number of subscribers, or profitability, or risk level, or the total amount of funds managed by the trader, or return on investment? You can choose a broekr based on a combination of these factors - this is entirely your decision. After that, determine the amount of investment that is convenient for you and decide how to distribute it among different strategies. Act reasonably and don't invest all your capital in one master - determine the amount you are willing to allocate to each selected master (if you decide to copy the trades of several of them). And depending on the master, you choose your own strategy. Personally, I consulted with TeleTrade client support when dealing with this issue, that's the best way to get info.
First of all, apart from choosing the trader we want to copy, these are the only ""manual"" actions that we have to perform. Transactions, like on most platforms, are automatically copied to our account. It's also worth mentioning that a transaction opened on an account is also freely manageable. By that I mean changing transactions (setting Stop Loss and Take Profit and so on). However, after our intervention, the responsibility for closing the transaction is transferred to us. The choice of a master and strategy is also made by you personally, based on your own preferences and ability. Usually traders look at statistics and make decisions based on them. I think you can do it yourself. Good luck to you :)
Working in the market became for me a new inspiring stage in my life. And I'm glad that I took a chance and tried it in my time. Because all the difficulties and adaptation were left behind. But the knowledge and opportunity to earn money stayed with me for life. So did the desire to develop and move forward. And this is the main motivation for business development. And I think that my brokerage company helped me a lot. Because this is where I learned to take the market with maximum seriousness. And it was here that I learned about services that made my life easier, as well as market analysis and trading itself. In particular, it provides low spreads on almost all assets (from 0.2 points) and this is where I worked for a while on a crypt currency account with a leverage of up to 1:500 - if you also think about it, be sure to try it, it's an interesting experience. And there's also a cashback, interactive charts, ready-made trading signals and much more that can be used in practice.
I'm very glad that I was able to find a broker with which I can try a sync-trading. Because it is very interesting, but very few brokers provide this opportunity. It's cool that TeleTrade is one of those brokers that provide)