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Which broker is the best forex broker?
BRKV – Every trader wants to find the best forex brokers. If you think the broker doesn’t matter when trading, you’re a fool. A broker plays as crucial a role in forex trading just as your strategy or tactic.
For example, you see a good price and decide to sell or buy, but the server of the broker is so slow that when your order is executed, the price has changed (we all know how fast the tide turns in this market) and you lose a chance to make profit, or worse, lose your money.
That’s just one example to show the quality of the broker has a profound impact on our trades. Therefore, we all want to find the best forex brokers. After years of trading and testing many forex brokers, our experts from BRKV have come down to the top 5 forex brokers in 2020:
- Exness Exness.com
- XM XM.com
- HotForex Hotforex.com
- FXTM FXTM.com
Continue reading to learn how these brokers are the best forex brokers in 2020.
STANDARDS OF THE BEST FOREX BROKERS
I can see that many traders think choosing the right broker is easy. Just choose the one that has low cost, or the one that has licenses, or the one that has big bonuses. Well, they are wrong. The one with low spread may have high slippages. The one with big bonuses may have really slow servers. To choose the right forex broker, you must look at many aspects and factors. Sound like hard work, right? Fortunately, you’ve got BRKV here. After 5 years of trading with many different brokerages, I am confident to list down the 5 best forex brokers in my opinion. These are the standards that I use to evaluate them:
|Trustworthy||Trading costs||Trading conditions||Customer services|
|Historical activities||Commission||Quotes||Local offices|
|Trading volume||Slippages||Trading platforms||Availability|
|Rebate / Bonus||Leverage|
And based on the standards above, I think those 5 I mentioned above are the best forex brokers of 2020 . Now, let’s go over to see how they can meet all the requirements of the best fx brokers. Moreover, if five aren’t enough for you, check out this article about 10 best forex brokers in the world that I wrote earlier.
Regulations of the best forex brokers
When talking about reliability, you mean security and safety. Can that broker keep your fund safe? Can it be trusted? What if it is a scam broker? How to know if a broker is reliable? The answer is regulation, my friends. Regulation is like a certificate that trusted and famous financial organizations in the world gives to brokers if the brokers can meet all the standards required. It represents standards, capabilities, and reputation of a forex trading broker. When a broker is regulated by those organizations, you can put your trust in them completely. All the 5 brokers I mentioned above have trusted regulations so there is no favorite one.
However, make sure that you know what kind of regulation your brokers have, because a regulation of an organization can only be applied to those in the same country. For example, a US regulation can’t provide any protection to traders from South Africa or Thailand. Regulation only means that that broker is reliable enough to work with. Therefore, a broker doesn’t have to have too many regulations. One trusted regulation is enough.
Trading volume of the best forex brokers
Another factor that can guarantee the credibility of a broker is their trading volume. If the trading volume of the broker is high, it means that there are many people trading with that broker. Look at the monthly trading volume of my 5 best forex brokers:
- Exness: $395 billion
- XM: $300 billion
- HotForex: $280 billion
- FXTM: $108 billion
One more thing is how popular that broker is. If the broker is famous, it means they are big and rich, which makes them more reliable. I have these results from Google Keyword Planner about the most popular forex brokers:
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- XM has around 40,000 search monthly. More details.
- Exness has around 36,000 search monthly. More details.
Historical activities of the best forex brokers
Lastly, you should know things about your brokers in the past. For example, how they react to a certain event or crisis previously. Have they ever been accused with scamming? Or you can check their transparency. When it comes to transparency, no broker can beat Exness. Exness even upload all of their financial reports on their website Check here .
Learn more about Exness here Exness reviews.
It’s not easy to make money from trading forex, which we can all agree on, so we need to find brokers who require little cost to trade on their platforms. The trading cost is the total expense we calculate from two main factors, spread and commission, and others.
Spreads of the best forex brokers
First, I will compare the spread of the 5 brokers I mentioned above. I can guarantee you that their spreads are among the best in the forex market. I will show you the spreads of the most popular currency pair, EURUSD. For more pairs, click the buttons next to the brokers.
So, you can see that Exness, HotForex, and XM are among the lowest spread brokers .
Commissions of the best forex brokers
Then, I’ll compare their commissions. All of them are commission-free for their regular accounts. For the ECN accounts, the commission rates are different. They have to charge commission for ECN accounts because the spreads then are nearly zero.
|Exness commission||$2.5||More details|
|HotForex commission||$3||More details|
|FXTM commission||$2||More details|
Slippages of the best forex brokers
At this point, you may think that “Hey, I also see many other brokers who have even lower spreads and commissions.” You are right. There are tons of brokers who offer lower, why do I choose these five? Like I have said earlier, the total trading cost you have to pay depends on various factors, which slippages.
Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed. Slippage often occurs during periods of higher volatility when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade. Therefore, when you consider a broker, you should also pay attention to their slippage.
Exness guarantees that there is no slippage on their platforms. XM says it hardly happens. I have traded with all these three and here’s what I can say about it. All brokers have slippages. It’s a natural thing in forex trading. The important thing is how much the slippage is. Is it lower than other brokers (I think slippages that are lower than 100 pips is good enough)? How do brokers compensate their customers? I think Exness and XM are the brokers who can handle very well when it comes to slippages. Another thing I see that you really enjoy is bonus and rebate. Indeed they sound good in the beginning. But everything has two sides. If you’re not careful, bonus may be the bait of forex brokers to hook you. You can learn everything you need to know about bonus in my article Best forex bonuses.
Trading products of the best brokers
Sometimes, people don’t just trade currency pairs only. Sometimes the market can be very rocky, so traders must stay away from it for a while. That’s when they turn to other trading products or different currency pairs. Therefore, a good broker must be able to offer traders various and diverse trading products such as: cyrptocurrency, commodities, precious metals, or CFDs. So we’ll give you the brokers with the most trading assets:
- Exness: currency pairs, metals, cryptocurrencies, energies, indices, and stocks.
- XM: currency pairs, stock, indices, commodities, cryptocurrencies, stocks, metals and energies.
- IG: currency pairs, commodities, bonds, crytocurrencies, digital100s, options, indices, interest rates.
Accounts of the best forex brokers
There are 3 levels we can use to rank trades, which are: beginners, normal traders, and professionals. So, a great broker is the one who can provide different types of account for all types of traders. The conditions of the accounts of the 5 brokers I chose are similar. They all have 3 classes of account for each targeted trader type: mini/micro accounts, regular accounts, and ECN accounts for each type respectively. You can check each broker’s account here:
Leverages of the best forex brokers
Another factor you should know is the account’s leverage. Leverage is the tool that most traders in the world would love. Often, British, American, and Japanese licensed brokers offer low leverage because they have to comply with these licenses of these countries. So as I mentioned above, brokers with many licenses are often less competitive. Among prestigious international brokers, the following forex brokers have the best leverage:
- Exness: 1:Unlimited for accounts that have under $1000 and have traded over 5 lots. For accounts that have more than $1000, the leverage is 1:2000. Learn morehere.
- Hotforex: 1:1000. Learn more here.
- XM: 1:888. Learn more here.
- FXTM: 1:1000. Learn more here.
The most popular thing we trade in the forex market is currency pairs. Currencies are quoted in pairs. For example, the most common currency pair, EURUSD, is the Euro versus US dollar pair. From the quote of this pair, we are able to identify the value of the Euro compared to the value of the USD. For example, the quote is EURUSD = 1.1346, which means you have to pay an amount of 1.1346 USD to buy 1 Euro. Each broker gets their quotes from different liquidity providers so you can understand that their quotes will be different as well. As traders, we should choose the brokers who can offer the best quotes. There are other factors such as requote, which you can find in this article Best no-requote brokers .
Platforms of the best forex brokers
But one thing I would like to stress on is the trading platform of the broker. Currently, MT4 and MT5 are the two most popular trading platforms in the forex market. Every broker has those two trading platforms. However, their platforms are different in terms of execution speed and execution quality. These factors can affect your trading greatly.
For example, when you see good news and predict a good price, you log in to put in that price. However, there are many others who predict and log in as well, and the server is too weak so you order can’t be completed. Eventually, you miss a huge chance to make money. That’s why you need to do some tests first before trading with a broker. You can deposit a small amount of money into those brokers (like 10 or 20 dollars) and trade with them for at least a month. Also, try trading when there’s big news to see how their servers work and how much their slippages are. After testing by myself, I can give you 2 brokers that have very low slippage rates:
Support teams of the best forex brokers
Forex trading is difficult. The best fx brokers must be able to support their customers at all time and in many different languages. Most brokers assist their clients via live chat or email. However, I think the most effective way is a face-to-face conversation. That means it is better if the broker has local offices in your country or region.
Exness seems to have the best support team. This broker has very strong sales, support, and marketing team who is always available to the local markets. Besides, their IB network is also very strong. Therefore, if you have any problems, just chat with them on the website, and you will get the response instantly. Moreover, Exness supports clients 24/7.
You can find the contacts of my best forex brokers in 2020 here:
The payment methods of the best forex brokers
Last but not least, the payment system. You may think it is insignificant at first, but only when you really trade with a broker can you see how important it is. Most of the brokers are foreign, so you need to transfer and withdraw money overseas. That’s when the bank charge you transaction fees. Making money from forex is hard enough and now the banks take some from it? I don’t think so.
For example, when you transfer money via VISA card, it costs you 3 to 5% of the amount you transfer. The best fx companies must have various payment methods that are not only free but also convenient. Moreover, it needs to be fast. I used to have to wait days and weeks to withdraw my profit from a broker, which is really frustrating.
In this field, Exness has no competitor. How can Exness be so fast? Because Exness has an automatic withdrawal system that has zero human intervention. The machines of course make it quickest possible. Moreover, Exness also offers many local payment systems that are very convenient. You can deposit just $1 from your phone and it will take only 30 seconds and there is no fee at all. Yet the most advanced that only Exness can offer is that you can deposit/withdraw even on weekends. This is why most of traders like Exness. Here is my ranking:
- Learn more about Exness payment system
- Learn more about XM payment system
- Learn more about HotForex payment system
- Learn more aboutFXTM payment system
In the end, I think this is the most accurate rankings of my 5 best forex brokers:
|Exness||Open account now|
|HotForex||Open account now|
|XM||Open account now|
|FXTM||Open account now|
These five best forex brokers here are just the most suitable brokers for the major of traders. If you are still skeptical, you can open an account at each of them (they require very low minimum deposit). You can trade with them for 1 or 2 months to see if they really suit your trading style. I believe that you won’t be disappointed.
Real Forex brokers reviews
To conduct successful trading, you need to find a reliable intermediary. Forex brokers reviews from other traders will help you successfully cope with this task. It is important to emphasize that real people publish them. Thanks to this, you get the accurate “first hand” information about the brokers you are interested in. Successful traders recommend first reading them and only then starting to work. Comfortable search engine allows to quickly find Forex brokers reviews at any convenient time.
What broker you want to write a review about?
Advantages: Fast withdrawal, copy-trading opportunity
Disadvantages: Haven’t noticed yet.
Comment: I can’t say there’s any fabulous conditions here, everything’s standard. But as I mentioned above, everything works fine, I can freely use the capital and leverage to multiply it myself or difersify the risks by investing a part of the capital in copy-trading.This is my freedom and my ability to achieve my goals.
Advantages: Great mobile app.
Disadvantages: Lost it on a big leverage.
Comment: I trade only from my phone, so I am primarily interested in the mobile application. In aafx it was made as qualitative as possible, everything flies, there are no limits on the number and volume of orders.
Advantages: Warnings on investment
Disadvantages: No disadvantage
Comment: Warning to everyone with the plan of investing in any online investments schemes .There are certain limitations to investing in these schemes and also difficulties getting it tripled after a long while since 60% of these online investments schemes are scammers . I got involved with a company called “CryptoNXT” trading cryptocurrency but before I engaged with them, I mentioned to my account manager(Ross Malone) assigned to me by CryptoNXT, at one point about my dilemma with Click’s Dealer. He said it was absolutely a scam and he even knew some of the names of people I had dealt with. He said their web site, “Clicksdealer”, was a fraud and that my only hope was to try through Chase to get my money back Not knowing My experience with CryptoNXT Account manager Ross Malone would be a terrible experience for me. I started with an Initial sum of $300, this got me some trades winnings and a huge profit but at the end of it all, I ended up at the losing ends. I ended up losing all my hard earned savings, 180,000 USD which was meant to sustain me when I’m retired. I don’t know if I have a leg to stand on here. I am sure that somewhere along the line I agreed to Terms and Conditions which usually state that investing is a risk and there are no guarantees as to the outcome of my investments with them. Maybe that lets them off the hook. I just know I was lied to about the performance of my account every time they called asking for more money. The whole thing took a wrong turn right in my presence. I had cold foots immediately they pulled a fast one on me that i lost my funds to bad trades. I made a promise to myself to try every avenue I can to get back this money, though I think the odds are pretty slim, I saw some Good reviews of RAPIDASSETRECOVERY dotcom; A Consultancy And Recovery Firm that has helped certain victims get a refund from these Unregulated brokers. I decided to use them and all I can say is contacting them was the best decision I made all my lifetime. These scams will keep going on and on for a very long time. We can only do some good to ourselves by getting some enlightening on how to point them out. Be safe out there everyone.
The TeleTrade group of companies happens to be the largest Forex broker operating all over the world, providing an opportunity to earn money via online trading for traders and investors.
|Headquarters||1 St. James Place, Paul’S Avenue, KINGSTOWN, SAINT VINCENT AND THE GRENADINES|
|Support Number||+7 (495) 961-20-23|
|Support Types||Chat, phone (including the form of a return call), e-mail|
|Minimum 1st Deposit||$2000|
|Minimum Trade Amount||Min. rate $10|
|Bonus||1000$ bonus on deposit|
|Payout||Up to 100%|
|Spread||from 0.00008 points|
|Free Demo Account||Open Demo|
|Regulation||The Central Bank of the Russian Federation (№045-13980-020000)|
|Account Types||Demo, Standard, Professional|
|Deposit Methods||Bank transfer VISA, MasterCard (credit and debit cards), WebMoney, Skrill, QIWI, Yandex.Money etc.|
|Withdrawal Methods||Bank transfer VISA, MasterCard (credit and debit cards), WebMoney, Skrill, QIWI, Yandex.Money etc.|
|Number of Assets||100+|
|Types of Assets||Currency pairs, futures, CFDs, indices, metals, oil|
|US Traders Allowed|
Is TeleTrade a scam or it’s a company you can entrust your money and time to? We are going to answer this question in this detailed review of the broker.
The site of the company as its business card in many respects causes trust: there are several language versions, including Russian. They provided all the necessary information about the company, its regulation, while a thoughtful design does not prevent you from navigating and finding the right information. Anyone can register on the site, download a free terminal and open a demo account – all of this will take a few minutes and you can immediately start trading currencies, CFDs for shares, futures and metals. The company provides its clients with one of the most reliable trading platforms – MetaTrader 4.
The functional platform 100% justifies its huge popularity with today’s traders, as its cutting-edge capabilities make trading not just easier and more convenient, but also more profitable. The terminal works quickly, without freezing, which speaks of the broker as a high-level company. In addition to web-trading, a mobile version of the platform is also available, allowing you to trade at any convenient time.
Among the company’s popular projects one should mention investment projects Master-Invest (automatic copying of traders’ transactions) and Exchange of Traders (convenient analysis of traders’ activities and the opportunity to agree on cooperation). A 24-hour customer support service, which includes highly competent specialists, is available. For traders, there is an opportunity to undergo training in trading (a diploma is granted), which is particularly appreciated by traders in the reviews.
Separately, we note the actual daily analysis, which has repeatedly received international prizes (some of the reviews say that traders successfully trade on the basis of expert forecasts). Technical analysis is released every morning and supplemented by a comprehensive assessment of the market by leading financial analysts. In trading the broker allows to use all trading strategies, automatic advisers, hedging, etc.
Replenishment and withdrawal of funds
TeleTrade offers different ways of replenishment and withdrawing of funds. In order to replenish the deposit and start real trading, you need to pass a quick registration, pay the necessary amount, having chosen a convenient way of transferring funds. The account is opened only in US dollars.
Money for trade is available immediately after payment. The withdrawal of funds is possible for authorized traders, it takes from 1 to 7 days, and it’s carried out strictly within the limits indicated on the site, which increases confidence in the broker. Detailed information on withdrawal of funds and limits is provided in the personal account.
Complaints on TeleTrade
On the Internet TeleTrade has a variety of reviews, but it is worth noting that most of them are positive. Traders respond well about the convenience of working on the website and in the platform. They also add that the broker gives an opportunity to earn real money and mention beneficial terms of cooperation and interesting services. All of this once again proves the seriousness of the company, testifies to its reputation and success.
Nevertheless, there are also negative reviews. As usual, the company’s customers complain about a refusal to withdraw funds, problems in the terminal operation, etc. In order to avoid any negative experience in the work with the broker, completely verify the account, ask your personal manager about the features of the withdrawal procedure, the use of bonuses.
We only note that TeleTrade has been working in the financial services market for a long time. It has managed to gain recognition from traders, providing high-quality service for its work: the informative website, high-quality trading platform, convenient withdrawal options, thoughtful work with the trader – all of this indicates its stability.
If there are complaints about TeleTrade, then we will undoubtedly publish information in social networks. Sign up to stay up to date with the news.
If we find complaints about TeleTrade, we will post it on social media. Follow us to be well informed:
TeleTrade is a scam, isn’t it?
Today TeleTrade is one of the most experienced and most successful brokers, known around the world. The company has been providing high quality service for trade and investment for more than 20 years. The work takes place in a reliable terminal Metatrader, which is unlikely to cooperate with dubious brands. The company publishes an up-to-date daily analysis, which has received a number of international prizes and it allows to positively influence the income of users. In addition, you can study the numerous reviews of traders, most of which are positive, which can’t fail to affect the level of confidence in the broker.
Its tasty advantages include a high-quality website (including a Russian version), the availability of a system of bonuses, round-the-clock feedback, training opportunities – all of this demonstrates a thoughtful policy of working with the user, which can hardly be provided by scammers. In addition, it is a licensed broker with many prizes and certification, which also positively characterizes it. All of this shows the serious intentions of the broker, so it can’t be a one-day or a fraudster.
In spite of the fact that the broker has more positive points, there are also negative moments in the work with the broker (the high cost of the deposit contribution (from $ 2000), not all the materials are available on the website (types of accounts, terms of trade, etc.), which complicates work, etc. So, the broker is expected to fix these glitches.
Perhaps the answer to the question of TeleTrade’s hypothetical scam will be the fact that the broker is one of the initiators of the Commission on Regulation of Relations of Participants of Financial Markets and it’s one of the first to receive its license. By the way, the company is a co-founder of the CRFIN, also having its license. Do you still doubt whether it’s a scam or not? Well, perhaps, it’s not, as during the years of successful cooperation with traders around the world, the company has proved it. To avoid problems in using its services, we recommend you to clarify with your personal manager all information about the rules for using bonuses, the procedure for withdrawing funds as well as other features of the work.
The regulator of the broker
The activity of this broker is transparent, there is a regulation of several countries of the world, including in Russia. In this country, the broker is regulated by the The Central Bank of the Russian Federation (No. 045-13980-020000). Also there are licenses of CySEC (158/11), CRFIN and the Commission on Regulation of Relations of Participants of Financial Markets. Information on other licenses is available on the website in the section “Licenses and Regulations”.
Each trader of the company can count on 2 types of bonuses:
1) The 24% bonus is granted by the broker to actively trading traders. To get a bonus, you need to actively use their trading platform. More details about the terms of the bonus please check with your personal manager.
2) The 1000 $ bonus on the first deposit is for all new customers of the company. In order to receive a bonus, you require replenishing the deposit for the amount not less than $1000. More details about the terms of the bonus please check with your personal manager.
The trade broker TeleTrade has been successfully providing online trade and investment services for more than 20 years, being deservedly considered to be one of the industry leaders. Today, having a large database of users around the world and providing a really high-quality product for online trading, the company is constantly developing, following the current trends in trading in financial markets.
The very presence of serious licenses, a great deal of positive feedback from users – all of this undoubtedly increases the overall level of trust and reliability. The presence of negative feedback on the network indicates that the broker needs to work with its users, and perhaps provide more complete information to the clients. It remains to be hoped that in this part the broker plans to work and improve the service. It’s expected to keep evolving, providing traders with more unique opportunities.
Should we evaluate TeleTrade as a fraudster? This question should be answered in the negative, as the company demonstrates high quality services as well as reliability of cooperation with users. Turning to traders, we are waiting for real feedback about TeleTrade, which will affect its ratings on our resource, and also warn against problems in its work.
I’ve had enough unregulated brokerages. when I deposited $1500 to my teletrade account and explained at one of the forums I do that cause they’ve got real offices, have a proper brokerage license in my country and are regulated by well-known authorities like cysec – these guys laughed at me. like yeah, who’d wanna pay 1.5-3 spreads if there are some spread-free brokers. guess who’s got the last laugh? I might not be profitable every week, but whenever i am, i can withdraw the money. this is the most important thing! At the moment i’m also considering to register as a trader with teletrade master-account program. have to keep the balance above $300 for this purpose though.
I can only agree, sometimes unregulated brokers may be okey and if the broker is unregulated that doesn’t mean that it’s scamm or fraud. However, such brokers are regulated only with their reputation and only thing that restricts them is their reputation. That’s true that it’s always better to choose regulated broker and Teletrade is one of the best brokers in this category. TeleTrade is one of the most popular and well-known brokers with long standig reputation and when I was looking for a new brokerage I turned to Teletrade. The reason why I don’t choose it innitialy was my own biases, I was sure that such broker is extremely expensive and isn’t opened for me with my $1,000 deposit. When I decided to change my brokerage, I tried to start with Teletrade and it was so easy and quick that I was wondered. Yeah, you’re right, spreads are higher than with unregulated brokers, but I understand what I’m paying for. I pay for fast and quick support service that always is ready to help, for CySEC regulation and for security of my funds. Each trader, moving from beginner to experinced trading, become prefer security and certainty to dubious savings. And I’m willing to pay more for top quality service.
I always think about this in terms of correlation between regulations and what brokerage offers. Yeah, brokerage with zero regulation is bad. But you forgot to mention (or mb you just didn’t face with) brokerage with extreme regulations such as US SEC or FSA. Such regulations are bad as well, as brokerage should take extremely high spreads. Teletrade in this regard is almost perfect, with good EU regulations, that is combined with low deposits and tight spreads, I think that’s regulations-opportunities equilibrium :))
I like the Teletrade broker because here you can not only trade, but also constantly learn. This broker offers tutorial videos and a large number of analytics, thanks to which I began to pay attention to those assets, which I had not noticed before and therefore saw more interesting profits. I think that this is a big plus and I plan to continue trading on a more serious, maybe professional level to make it a source of my permanent and stable income. Porfessionals feel good at Teletrade, because they get followers – other clients start following successful strategies that participate in the rankings, so this is not just a brokerage, but a chance to make this transition from amateur to professional trader within one structure.
I’ve been discussing Teletrade with other customers of this brokerage. It seems that we all agree upon the only drawback of the brokerage – spreads could be a bit tighter. On the other hand this cons is compensated in full with pros of the broker. Reliable executions, 0 requotes, excellent support and numerous extra services. Best part of it is that if you are consistently profitable and do at least several trades a day – you will inevitable move up in rankings of the company and people will start subscribing to follow your trading system. Every subscriber will pay for being synchronized with your trading system. Amazing opportunity for successful traders!
Copy trading is the real thing and it really works.
Previously I tried PAMM investing, but that’s one thing I rejected PAMM traing – I want to keep control over my trading, I want to keep control over my money. That’s why I don’t like PAMM trading, but like copy-trading. Teletrade copy-trading is not giving your funds to a manager that will trade with your money, that’s like you copy (obviously) your master decisions and pay % to him. IN this case you know for sure master account’s owner is risking his personal funds as well. Teletrade has clear ranking of masters, so there is no any trouble to choose the best one.
Overall, Teletrade is one of the best brokers, so I can recommend it for sure.
What is the differnce between PAMM account and sync-trading? I’m new to this and I don’t clearly understand. I want to invest in financial markets, but I don’t know how to trade, so I want to invest in trading with manager.
TeleTrade is a very good broker, I liked working with it. The broker has low spreads, which of course is worth noting, the convenient interface of the site and fast money withdrawal from the account. In spite of the fact that the first deposit is low, i make a reach deposit, as, it’s overlapped with a bonus on a deposit of one thousand dollars. At first I worked on their demo account, but a couple of months ago I realized that I can and want to work with real money, and in just the first couple of weeks I came out on the plus side, which pulled even more into trading with TeleTrade
Good trader, I’m copy-trading there, everything seems clear, TELETRADE has good reputation and is well known in the trading world. CySEC regulated, so there is no doubts that brokerage is fair. By the way, I have some things I can’t understand – the most important is what is a comission refund to investor. Can someone explain, as I (maybe I’m just a bass, haha) can’t catch. If someone can, with example pls!
Hi dude, I just want to share this with yall, as it seems you really need help. However, if you want to be successfull in trading, it’ll be better to you to learn google info on your own, not just ask for help. All such info is on TeleTrade official website and it’s easy to access. As well as you can ask a support service. I don’t want to ‘teach’ you, I just give you a tip. Let’s turn to refund of the comission. In general, it means partial refund of the commission accrued by the Trader during the settlement procedure via transfer to the Investor Account. Returns of commission to an Investor are executed via a balance transaction to the Investor Account with a comment as follows: “cmsn return from Trader Account Number”.
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.
What? Do you understand what you just written? Send me a link to a REGULATED and TRUSTED brokerage that provides 150% first deposit bonus! I think you CAN’T! TeleTrade is REGULATED and you can’t expect so high bonuses. Teletrade bonuses are more than enough for a brokerage of such quality! I mean such a great quality!
I don’t know where you found such brokers, maybe only unregulated market makers. If you want to trade with such companies, okay, go on. But I can’t imagine a regulated brokerage, that will offer 150% bonus, its simply impossible. TeleTrade is regulated by CySEC and it acts according to strict rules, set by this comission, so it simply can’t be like this, offering 150% bonus is simply unprofitable for brokerage, even if any broker that isn’t a market maker, will offer you such bonus, it will set extremely high demands to withdraw this bonus in the future. I think it’s up to you to decide what you want – trading with regulated brokerage or get bonuses, but keep in mind that here ain’t no such thing as a free lunch.
Tell me, what about the number of withdrawals per month in teletrade, are there any restrictions?
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