Telenary Trades has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Telenary Trades offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Easy withdrawals|Risk management tools
Cons: Live chat only during business hours|Could offer more webinars
Telenary Trades seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Dividend tracking|Low minimum deposit|Competitive fees|Clear documentation
Cons: Mobile app could be improved
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Telenary Trades said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Reliable uptime|Responsive team
Cons: Onboarding videos are outdated
My withdrawal from Telenary Trades was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over a year of being strung along.
Pros: No hidden fees|Fast deposits|Segregated accounts
Cons: No integrated tax optimization|Live chat only during business hours
Telenary Trades had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Good mobile app|Great customer service|Multi-currency support|Stable platform
Cons: No live chat on mobile|Limited demo account features
I gave Telenary Trades a fair chance. After for about ten months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Copy trading available|Tax reports included
Cons: Account statements could be more detailed|Charting tools need more indicators
Telenary Trades has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Copy trading available|Clean UI
Cons: Wait times can be long during peak hours
Opened my account with Telenary Trades after a family member had a good experience and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Personal attention|Multi-device support|Educational resources|Dividend tracking
Cons: Limited cryptocurrency options
I had high hopes for Telenary Trades after a trusted YouTuber reviewed them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Dedicated account manager|Great customer service
Cons: Some tools only available on higher tiers
Tried to withdraw my funds from Telenary Trades and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials