TeleTrade is offering three account types that differ according to features and advantages that are specific for each of the accounts. According to the website, when opening an account, traders should pay attention to various parameters, including the type of platform that is connected to each individual account.
MetaTrader4 Standard
The most appealing aspect of the Standard account is the the execution of trades at the prices that are specified by the trader. This enables an efficient management of the transactions and easier organization. The most important standard conditions of this account type are as follows:
- Leverage – of 1:50 and more
- Floating spreads
- Level thresholds for pending orders
- Stop-Out level of 20%
- Guaranteed execution price
- Possibility of requotes
- Execution time can be increased in certain conditions
MetaTrader4 NDD account
According to the information found on the broker’s website, this type of account is the actual speed of trade execution and the low spreads advantage that traders are given. Other features include:
- Leverage of 1:50 and more
- Floating spreads
- Commission of 0.007%, or USD 7 per USD 100 000 traded
- Stop-Out level of 20%
- Execution at the best available price (it is not guaranteed)
- No requotes
Standard MetaTrader5
This specific trading account is being run on the most sophisticated trading platform in the world MetaTrader5, and offers a lot more to the traders than they thought they might be getting:
- Advanced trading platform MetaTrader 5
- Leverage 1:100
- Fixed spreads in periods of high volatility
- Exchange-type system of recording trades
- Execution price is guaranteed
- Requotes
- Execution time can be longer depending on certain conditions
Promotions for VIP Clients
TeleTrade is special in a way that it traders can get VIP status depending on their deposit amount. There are three possible statuses that traders can get:
Professional Status – deposits above $50,000
- Personal Manager – During working hours, 5 days a week, From 9.00 to 21.00
- Savings Reward – accumulation of savings at up to 12% per annum on special concessional terms
- Reduction of spreads in the form of a per-transaction refund – Return rate 10%
- Reimbursement of Negative Rollover – compensation of accumulated negative rollover for the transactions closed within the previous month.
VIP GOLD Status – deposits above $100,000
- Personal Manager – At any time of the day, 7 days a week (excluding specially declared public holidays and bank holidays)
- Savings Reward – accumulation of savings at up to 13% per annum on special concessional terms
- Reduction of spreads in the form of a per-transaction refund – Return rate 13%
- Reimbursement of Negative Rollover – compensation of accumulated negative rollover for the transactions closed within the previous month.
- Green Line: a specially dedicated service line for the VIP-service transactions
- Depositing without commissions
- Advance refill (up to 20% of the deposit)
- Free admission to all workshops and training programs – including in-depth training and special seminars
VIP PLATINUM Status – deposits above $500,000
- Personal Manager – At any time of the day, 7 days a week (excluding specially declared public holidays and bank holidays)
- Savings Reward – accumulation of savings at up to 14% per annum on special concessional terms
- Reduction of spreads in the form of a per-transaction refund – Return rate 15%
- Reimbursement of Negative Rollover – compensation of accumulated negative rollover for the transactions closed within the previous month.
- Green Line: a specially dedicated service line for the VIP-service transactions
- Depositing without commissions
- Advance refill (up to 20% of the deposit)
- Free admission to all workshops and training programs – including in-depth training and special seminars
Another great thing about TeleTrade worth noting is that they offer a Demo account as well. Having the option of opening a demo account is an extremely valuable thing as it allows traders to practice and develop their trading skills in a risk free environment. It is important to highlight that the Demo account executes trades that have an accurate parameters as if they were traded with real money.
