Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo current forex licence; only a St Vincent company registration, which is not financial regulation, and the group's one CySEC licence now belongs to the separate Earn brand.
Identity & transparency
6/10 · HighThe legal entity and address are disclosed, but it is an offshore shell with opaque ownership and a broken continuity story, and the registry cannot be checked on a public register.
Withdrawals & conduct
8/10 · CriticalA specific, multi-platform, 2024 to 2026 pattern of blocked withdrawals, cancelled profits and frozen accounts; money not coming back is the core complaint.
Reputation
8/10 · CriticalMainstream reporting of a revoked Russian licence and a police fraud investigation, plus current one-star withdrawal reviews across platforms.
Website claims
6/10 · HighAdvertises 'Since 1994' and old awards while the operating entity dates to 2022 and names no regulator; the continuity claim overstates the current offshore business.
Operational history
6/10 · HighComputed operating history of the current entity is about four years (SVG company 2022, teletrade.org domain 2011), despite the older brand.
Who they are
A quick desk file on the company behind the brand.
- Brand: TeleTrade
- Legal entity: Teletrade D.J. LLC (St Vincent and the Grenadines company No. 2351 LLC 2022)
- Registered: Euro House, Richmond Hill Road, Kingstown, VC0100, St Vincent and the Grenadines
- Website: teletrade.org (alias teletrade.dj)
- Only licence: None. A St Vincent company registration is not a forex licence, and St Vincent does not regulate forex brokers.
- Offers: Forex, metals, indices, energies, share CFDs, cryptocurrencies and commodities on MetaTrader 4 and 5, leverage up to 1:500.
- Not accepted: US, Canada, Iran, North Korea, Yemen and FATF-blacklisted countries.
- Age claim: Advertises 'Since 1994'; the current operating company was registered in 2022 and the teletrade.org domain in 2011.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
St Vincent and the Grenadines (company registry)
Why we reached this verdict
How the evidence adds up.
We rate TeleTrade a likely scam because three findings point the same way and reinforce each other.
- No licence, but it takes deposits. teletrade.org is run by a St Vincent company, Teletrade D.J. LLC, and names no financial regulator. St Vincent does not license forex brokers, and the one CySEC licence the group held now sits with the separate Earn brand. So client money has no regulatory protection.
- Clients say they cannot get paid, right now. On Trustpilot and other platforms, recent reviews describe the same failure: withdrawals left 'under review' for months, profits cancelled after a 'risk review', and frozen accounts. Examples name amounts, account numbers and dates, which is the signature of a withdrawal trap rather than ordinary service complaints.
- The brand carries a serious history. The Bank of Russia revoked the forex-dealer licence of the group's Russian entity, TeleTrade Group LLC, in December 2018, and Russian police investigated its executives over a client-deposit scheme. That history has not been severed from today's offshore site.
On our six-part scorecard the weighted risk works out at about 71 out of 100. Because the brand's unsevered Russian predecessor carries a regulator action, the floor sits at 70, and the live, multi-platform pattern of blocked withdrawals takes the published figure to 74.
Evidence ledger
Every finding, with its source and how strongly it points.
E1TeleTrade's own site (teletrade.org and teletrade.dj) takes retail deposits for forex and CFD trading but names no financial regulator; it lists only a St Vincent company, Teletrade D.J. LLC, No. 2351 LLC 2022. St Vincent does not license or supervise forex brokers.
StrongTeleTrade websiteE2The only CySEC licence connected to the TeleTrade group (158/11) is held by Top Markets Solutions Ltd, formerly Teletrade-DJ International Consulting Ltd, whose approved sites are earn.eu and earn.broker. The regulated arm rebranded to Earn and is a separate operation from teletrade.org, which holds no CySEC licence.
StrongCySEC public registerE3The Bank of Russia revoked the forex-dealer licence of the TeleTrade group's Russian entity, TeleTrade Group LLC, effective December 2018, alongside Alpari, Forex Club, InstaForex and TrustForex.
StrongFinance MagnatesE4Russian authorities investigated TeleTrade executives over a scheme in which client deposits were accepted and control then moved away from clients, with systems described as altered to clients' disadvantage; hundreds of millions of rubles and thousands of clients were cited.
StrongFinance MagnatesE5Across more than one platform, clients of teletrade.org report the same failure: withdrawals left 'under review' for months, profits cancelled after a 'risk review', and frozen accounts. Trustpilot shows 96 reviews at 3.0 with 29% one-star; examples include a cancelled profit of 7,214.79 dollars, an unprocessed withdrawal on MT5 account 9036788 for five months, and a client 'waiting for my money since 2024'.
E6The teletrade.org domain was registered in 2011 and the current operating company, Teletrade D.J. LLC, was registered in St Vincent in 2022, so the operating entity is about four years old even though the brand advertises 1994.
E7TeleTrade is a genuine, long-running brand with real MetaTrader 4 and 5 trading servers, and the current site does not impersonate another regulated firm or claim a tier-one licence it does not hold, so this is not a clone.
ModerateTeleTrade website
The other side
The strongest case in this broker’s favour.
In fairness, several points cut the other way, and we weighed them.
- TeleTrade is a real, long-running brand from 1994, not a copy of another firm. This is not a clone or an impersonation.
- It runs genuine MetaTrader 4 and 5 servers, so there is a real trading operation behind the site.
- The group once held a CySEC licence, and that regulated arm still exists under the Earn brand.
- Trustpilot is not uniformly negative; about 40 percent of its reviews are five-star, and the broker does reply to complaints.
- No UK, EU or IOSCO warning list names teletrade.org specifically at the time of writing; the formal action on record targets the brand's Russian entity.
What does not survive is the core problem. The entity taking deposits today holds no licence, and the most specific, most recent reviews describe money that does not come back. A real operation that keeps client funds is still unsafe.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if the facts changed in these concrete ways.
- teletrade.org appears on a credible regulator's public register, authorised under the exact company and website that take deposits.
- A sustained, verifiable record emerges of withdrawals being paid in full and on time, and the current complaint cluster clearly reverses.
- Evidence shows the current entity is genuinely severed from the Russian operation, under different owners and infrastructure, and independently supervised.
- The specific withdrawal complaints are shown to be fabricated rather than genuine client reports.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
TeleTrade official website
The broker's own site; it names no financial regulator and lists only a St Vincent company registration.
CySEC public register: licence 158/11
Shows the only CySEC licence linked to the TeleTrade group now belongs to Top Markets Solutions Ltd (Earn), approved for earn.eu and earn.broker, not teletrade.org.
Trustpilot reviews for teletrade.org
Client reviews; recent one-star reviews describe withdrawals held for months and cancelled profits.
Bank of Russia licence action reported (Finance Magnates)
Reports the Bank of Russia revoking TeleTrade Group LLC's forex-dealer licence, effective December 2018.
Russian fraud investigation reported (Finance Magnates)
Reports the Russian police investigation into TeleTrade executives over client deposits.
Frequently asked questions
Quick answers about this broker’s safety.
Is TeleTrade a scam?
We assess TeleTrade (teletrade.org) as a likely scam. It holds no financial licence and there is a current, specific pattern of clients saying their withdrawals are blocked or their profits cancelled. Treat it as high risk and do not deposit.
Is TeleTrade a fraud?
We cannot state as a fact that TeleTrade commits fraud, but we assess the risk as high. Russian authorities investigated the brand's Russian arm over a client-deposit scheme and the Bank of Russia revoked its licence in 2018. Today's clients also report money being withheld, which is the behaviour of a withdrawal trap.
Is TeleTrade regulated?
No. teletrade.org is operated by a St Vincent and the Grenadines company, Teletrade D.J. LLC, and St Vincent does not license forex brokers. The only CySEC licence linked to the TeleTrade group now belongs to a separate, rebranded firm (Earn), not to teletrade.org.
Can I withdraw my money from TeleTrade?
Many recent reviews say no, or only after long delays. Clients describe withdrawals left 'under review' for months, profits cancelled after a 'risk review', and frozen accounts. If you have funds there, request them in writing now and keep records.
Is my money safe with TeleTrade?
Your deposit has no regulatory protection. There is no compensation scheme, no guaranteed segregation of client funds, and no tier-one regulator standing behind the broker. Given the withdrawal complaints, we consider client funds at material risk.
Who owns TeleTrade?
The site is run by Teletrade D.J. LLC, a St Vincent company (No. 2351 LLC 2022). The wider TeleTrade brand is an international group that previously ran licensed arms in Russia (now shut) and Cyprus (now the separate Earn brand). Beneficial ownership is not clearly disclosed.
How old is TeleTrade?
The brand advertises 'Since 1994', but the company behind this website was registered only in 2022 and the teletrade.org domain in 2011. The long brand history does not protect a client of today's offshore entity.
What happened to TeleTrade in Russia?
The Bank of Russia revoked TeleTrade Group LLC's forex-dealer licence, effective December 2018, as part of a wider crackdown. Earlier, Russian police investigated TeleTrade executives over a client-deposit scheme involving hundreds of millions of rubles and thousands of clients.
Is teletrade.org the same as Earn or a CySEC-regulated broker?
No. The CySEC-licensed Cyprus entity rebranded to Earn (earn.eu) and is a separate operation. teletrade.org does not hold that licence and is not covered by CySEC.
Is TeleTrade a clone of another broker?
No. teletrade.org is the genuine TeleTrade brand, not an impersonation of a different firm. The risk here is not identity theft; it is an unlicensed offshore operator with a withdrawal-denial pattern.
What should I do if I cannot withdraw from TeleTrade?
Put your withdrawal request in writing and keep every message. If you paid by card or bank transfer, ask your bank about a chargeback or recall. Report the matter to your local financial regulator, and ignore anyone who later promises to recover your funds for a fee, as that is a common follow-up scam.
What should I check before depositing with any broker like TeleTrade?
Confirm the broker appears on a real regulator's public register under the exact company and website you are using. Check independent reviews for withdrawal complaints. If the only licence is an offshore company registration, as with TeleTrade, there is no real protection for your money.
What we recommend
The practical takeaway from everything above.
Our advice is cautious because the risk is to your cash.
- Do not open an account or deposit with teletrade.org.
- If you already have money there, request a full withdrawal in writing today and save every reply and screenshot.
- If you funded by card or bank transfer, ask your bank about a chargeback or payment recall, and act quickly because time limits apply.
- Report the matter to your national financial regulator.
- Be wary of anyone who contacts you later offering to recover your funds for an upfront fee. That is a common follow-up scam aimed at the same victims.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 8, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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