Telforward
Overview of Telforward
Established in 2018, Telforward operates from its registered office at 470 St Kilda Road Ground floor, Melbourne VIC 3004, Australia. However, the company’s operational experience and legal credentials remain undisclosed.
The website telforward.net displays permit numbers from various state regulators, including the Cyprus Securities and Exchange Commission, the International Financial Services Commission of Belize, and the Financial Services Commission of Mauritius.
Telforward’s website is accessible in 7 languages, including Russian. Communication with the broker is limited to email correspondence, as direct phone numbers or messaging services are not provided; the sole option available is to request a callback.
Trading Assets and Telforward’s Platform
While the exact number of assets is unspecified on the platform, Telforward offers a diverse range of asset classes, such as currency pairs, cryptocurrencies, stocks, industrial indices, precious metals, and commodities.
- Currency pairs
- Cryptocurrencies
- Stocks
- Industrial indices
- Precious metals
- Commodities
Telforward provides a proprietary trading platform. The platform’s primary advantages are highlighted on the homepage, with more detailed insights available in the “About the Company” section. However, the platform remains inaccessible for preview even after registration, lacking a demo account feature and offering solely real trading accounts.
Telforward’s Account Offerings
The broker presents 3 real account types along with concise descriptions:
INSTANT: Requires a minimum deposit starting from 1,000 USD, recommended for initial platform testing.
PROFI: Tailored for accounts with deposits starting from 25,000 USD, facilitating trading in cryptocurrencies and precious metals.
PROFI+: The most premium account option necessitating a deposit from 50,000 USD, granting access to all trading instruments and a superior level of service.
Deposits and Withdrawals with Telforward
The main page assures zero commissions on deposits and withdrawals. For detailed information, users are prompted to register a personal account on the Telforward website.
Although the website does not specify the payment systems in place, the Client Agreement mentions potential options like bank cards and electronic payment systems.
The specific procedure for withdrawing funds from Telforward is not outlined on the platform.
Summary
With a minimum deposit requirement of 1,000 USD, Telforward’s entry threshold is relatively higher. However, the company’s legal standing and licensing raise concerns, while the trading terms are inadequately elucidated.
Emphasizing its exclusive platform, the broker falls short by not providing a demo version for users to acquaint themselves with. Caution is advised before investing 1,000 USD without prior exposure to the platform’s functionality.
This review has been prepared by the specialists at ExpertsReview.