Please be advised that on June 5, 2017, 00:00-01:00 (UTC+2), contract size for certain Forex instruments by TeleTrade will be changed in order to ensure uniformity of our trading conditions and offer you better trading experience.
Standard contract size will be reduced from 150 000 to 100 000 units of base currency for the following instruments: AUDCAD, AUDCHF, AUDNOK, AUDNZD, AUDSEK, AUDSGD, AUDUSD, CADCHF, CHFSGD, EURAUD, EURCAD, EURCHF, EURHUF, EURNOK, EURNZD, EURPLN, EURSEK, EURSGD, GBPCHF, GBPDKK, GBPNOK, GBPSEK, GBPSGD, NZDSGD, NZDUSD, USDCAD, USDCHF, USDDKK, USDHUF, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDZAR.
The change will affect open positions in the above instruments for all types of accounts for both MT4 and MT5 platforms.
Please note that once the change is implemented, lot size of open positions in the above instruments will be re-scaled pro-rata, i.e. will increase by 1.5x of its original size. For example, a position resulting from a trade in 5 lots of USDCHF, 150 000 units, equivalent to USD 750 000, after implementing the said changes of standard contract size, will be accounted as 7.5 lots of 100 000 units, still equivalent to USD 750 000.
In cases of fractional positions, the newly calculated lot size of such positions may be rounded to the nearest available fraсtion (0.1 or 0.01, depending on the account type) with the following adjustments:
Please keep the above information in mind when planning your trading in the instruments that are to be affected by the change.
Also, please keep in mind that the trading platforms will not be accessible during the implementation of the above changes on June 5, 2017, 00:00-01:00 (UTC+2).
Please note that this communication serves as a notice of amendment of the terms of the Operative Agreement as per clause 24 of TeleTrade Client Agreement.
We'll gladly answer any of your inquiries on the above. You are welcome to address your questions to our Representative Offices at your convenience, or to our technical support team.
Phone: (+357) 22314160
Wishing you successful trading!
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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. 75.72% 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 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.
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