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TeleTrade-dj Forex Broker Review

by forex on May 29, 2009

About TeleTrade-dj Forex Broker

tele-tradeTeleTrade-dj is an unregulated forex broker that is based in Russia. Their minimum account opening requirement is $2,000, a big amount for most starters. They have been online since 2001, although the company itself was established in 1994, and have particularly high spreads of 5 pips.

The management of TeleTrade-dj is not very active, and it really shows on their website. As an online forex brokerage, it might have been better if they paid a little more attention to how their webpage presents their company.

Also, TeleTrade-dj.com does not have instant online support, although they do have an email form, something that really makes customers wary. The company boasts of having international offices in Germany, Czech Republic, Romania, Bulgaria, Latvia, Lithuania, Serbia, China, Turkey, Kazakhstan, Belarus, Moldova, Azerbaijan, Uzbekistan and Kyrgyzstan.

Basic Broker Details

Site http://teletrade-dj.com
Country of Origin Russia
Accepted Deposit Modes Bank transfer
Withdrawal Method Bank transfer
Leverage 1:100 and 1:200
Regulation Body Not regulated
Spread 5 pips (EUR or USD)
Minimum Account Requirement $2,000

Pros of Teletrade-dj Forex Broker

* MetaTrader 4 support

* Training materials are available

Cons of Teletrade-dj Forex Broker

* High minimum account requirement

* High spreads (5 pips)

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