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We Give You Detailed Insights Into TeleTrade Through This TeleTrade Review
The TeleTrade Group is a hugely popular brand name in the financial markets that has over 20 years of experience in a wide variety of finance-related fields. TeleTrade Group has its offices, and allied partners in 30 different countries across the globe, with around 200 branches and 3000 professionals dedicated to taking care of all client needs 24X7. TeleTrade has put its expertise to good use by offering a massive database of instruments in the financial markets, which include Forex, stocks & indices (as CFDs), commodities, futures, among countless other financial products.
TeleTrade Offices
TeleTrade Group boasts of one of the largest presences in the financial markets, but its Forex trading arm is located prominently in Europe and the Middle East. TeleTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), and EEA authorized to carry out its Forex brokerage activities throughout Europe under the Markets in Financial Instruments Derivatives (MiFID). TeleTrade gives prime importance to ensuring a safe and secure trading environment as required by the CySEC regulation and the MiFID framework, but the company has also proactively created an efficient complaint resolution structure to offer the best support to its clients. TeleTrade is supposed to hold €1 million as tangible broker assets, which should be used to maintain its trader’s position in the market. The minimum operating capital may be increased according to an increase in client capital, but it is imperative for TeleTrade to protect its traders’ funds by holding them in segregated accounts. The Investor Compensation Fund (ICF) also plays a vital role in protecting a trader’s investment of up to €20,000 against broker insolvency issues. If TeleTrade is found to be in violation of any regulatory guidelines, the broker will not only face licensing sanctions and penalties from the CySEC, but it may also be subjected to regulatory sanctions from the other leading European regulators.