Broker Review
TeleTrade Review 2026 — Is TeleTrade Legit?
Score Summary
out of 10
TeleTrade is a forex and CFD broker whose CySEC license was revoked in 2022 following an investigation that uncovered serious regulatory violations. The company's European entity was fined EUR 1 million by CySEC. Despite losing its EU license, TeleTrade continues to operate through offshore entities, making it unsuitable for any client.
Overview
TeleTrade has been operating in the online trading space since 1994, making it one of the oldest brands in the industry. The company operated through multiple entities worldwide, including a CySEC-regulated entity in Cyprus that served European clients. However, in December 2022, CySEC revoked TeleTrade's investment firm license following an investigation that identified serious violations of securities legislation.
Despite losing its EU regulatory license, TeleTrade continues to operate through offshore entities registered in Saint Vincent and the Grenadines and other jurisdictions. The loss of the CySEC license is a critical red flag that fundamentally undermines the company's credibility.
Warning
TeleTrade's CySEC license (129/10) was revoked in December 2022. CySEC found serious violations of the Investment Services and Activities and Regulated Markets Law. The company was also fined EUR 1 million. Any entity operating under the TeleTrade brand no longer has legitimate EU regulatory authorization.
Regulatory Status
- CySEC (Cyprus) — License 129/10 REVOKED in December 2022
- EUR 1 million fine imposed by CySEC
- Offshore entities — Continue operating through Saint Vincent and the Grenadines and other unregulated jurisdictions
- No current licenses from any major financial regulator (FCA, ASIC, SEC, BaFin)
Fee Structure
| Fee Type | Amount |
|---|---|
| EUR/USD Spread | From 1.5 pips (claimed) |
| Commission (ECN) | $4/lot (claimed) |
| Minimum Deposit | $100 |
| Withdrawal | Varies (reported delays) |
| Inactivity Fee | Variable |
Warning
Fee information from unregulated entities cannot be independently verified. TeleTrade's remaining offshore entities are not subject to regulatory requirements regarding fee transparency or fair execution.
Platform & Tools
TeleTrade historically offered MetaTrader 4 and MetaTrader 5, along with educational seminars and trading courses. The educational arm was a significant part of the business model, with in-person offices offering trading courses in multiple countries. However, following the CySEC license revocation, the credibility of the entire operation — including its educational offerings — is compromised.
Customer Support
- Support is available through remaining offshore entities
- Quality and reliability of support cannot be guaranteed given the regulatory status
- Historical user complaints include pressure to deposit additional funds and withdrawal difficulties
- In-person offices (where they existed) may have closed following the license revocation
Safety Concerns
TeleTrade presents multiple serious risk factors:
- CySEC license revoked — The loss of a regulatory license is one of the most severe actions a regulator can take and indicates fundamental compliance failures
- EUR 1 million fine — The fine accompanying the revocation indicates significant violations, not minor administrative issues
- Continued offshore operations — Operating through unregulated entities after losing a regulated license suggests prioritization of revenue over client protection
- Aggressive sales practices — Historical complaints about high-pressure sales tactics at educational seminars
- Withdrawal issues — Numerous user reports of difficulties withdrawing funds
Warning
The revocation of a CySEC license is not a routine regulatory action. It requires CySEC to determine that serious violations occurred that justify the most extreme enforcement measure available. This action should be treated as a definitive red flag. No amount of trading features or educational content justifies using a broker that has had its regulatory license revoked.
Conclusion
TeleTrade receives an Avoid verdict with a score of 2.7. The revocation of its CySEC license and accompanying fine represent fundamental regulatory failure. The continued operation through offshore entities after losing EU authorization compounds the concern. Regardless of TeleTrade's long operating history or the quality of its trading platforms, the regulatory revocation makes it unsuitable for any client seeking a trustworthy trading partner. We strongly advise against opening or maintaining accounts with any TeleTrade entity.
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