Costs and Charges
When clients trade with TeleTrade Europe, certain costs are involved. Below you can see a breakdown of how these costs are allocated. TeleTrade Europe charges its clients based on Account type.
• On Standard, NDD and Sharp ECN Accounts there is a commission charged according to the asset class selected.
For example, if DAX 40 is trading at a price of 15805.5 EUR and has a 0.007% commission applied on it, its commission would be approximately 11.06 EUR for 1 MT lot. Furthermore, depending on the extent of market volatility, TeleTrade Europe may add or remove markups on spreads of certain instruments. The exact values vary accordingly.
Key direct charges per account type
Commission fees allocated to each trading account type are stated below:
Floating spread from 0.2 pip *
0.007% commission on Forex, CFDs on Metals, Indexes, Energies, and Crypto
0.1% commission on CFDs on US Stocks
Floating spread from 0.2 pip *
0.007% commission on Forex, CFDs on Metals, Indexes, Energies, and Crypto
0.1% commission for CFDs on US Stocks
Floating spread from 0.2 pip *
0.008% commission on Forex, CFDs on Metals, Indexes, Energies, and Crypto
0.1% commission for CFDs on US Stocks
* 1 pip = 10 MT points; spread depends on the instrument – please refer to Trading Conditions for actual spreads.
Additional fees and costs
• Currency conversion cost; This is a cost for converting realized profits and losses as well as any costs and charges for trading in instruments denominated in a currency different from that of your account. For example, such cost would apply to trading Gold, which is denominated in USD in EUR denominated accounts, but would not apply for the same trading in USD accounts.
• Swaps (overnight rollover fees); Please see Client Agreement and Order Execution and Best Execution Policy for provisions concerning swaps; Swap Calculator for the formulae used to calculate swaps; and Trading Conditions for actual swap rates per instrument;
• Inactivity fee of EUR 50 (Fifty Euro) or its equivalent per month in the currency of a Trading Account relating to the maintenance, administration and compliance management of an Inactive Account; An Account is considered inactive when no transactions have been performed during the last three (3) months; For further details, please see Client Agreement.
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Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade Europe strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
