TeleTrade Trading Account Comparison with Demo and Real Options

Overview of Account Types

TeleTrade provides five distinct account types:

Fee Structure and Trading Costs

• Spreads: Vary by account type and instrument (e.g., 0.2–0.8 pips on majors)
• Commissions: Range from 0.007% to 0.3% depending on asset/account
• Swaps/Overnight Fees: Apply on most positions, especially triple charges on Wednesdays or Fridays
• Inactivity Fees: Not clearly disclosed

Account Suitability and Signup Process

• Demo: Unlimited virtual balance, ideal for beginners
• Cent: Ideal for testing live execution with minimal capital
• MT5 ECN/Invest: Advanced users or asset allocators
• Signup requires ID verification and proof of residence (KYC)

FAQs About TeleTrade Accounts and Fees

What is the minimum deposit for a real account?

Not explicitly stated, but ECN and NDD accounts typically require $100+.

Does TeleTrade offer a free demo account?

Yes. You can open a risk-free demo account with full market access.

Are there commissions on trades?

Yes. Depending on the account, commission ranges from 0.007% to 0.3%.

What account is best for beginners?

The Cent or Demo account is suitable for learning and testing.

Is the Invest account suitable for traders?

No. Its tailored for long-term investors building multi-asset portfolios.

Are there hidden fees?

Most fees are disclosed, but some costs like inactivity or slippage may not be transparent.