Corporate News

23 May, 13:05

Notice of Technical Changes: Amendment of Standard Contract Size for Certain Forex Instruments

Dear Clients,

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:

  • For open positions with floating profit at the time of the change, we will round lot size upwards, to ensure that the amount of your floating profit on the position will not go down as a result of the lot size recalculation. For example, an open trade in USDCHF, with the size of 2.5 lots (USD 375 000), lot size increment 0.1 lot, and a floating profit at the time of conversion, will be converted to a position of 3.8 lots (380 000 USD)
  • For open positions with floating loss at the time of the change, we will round lot size downwards, to ensure that the amount of the floating loss on the position will not go up as a result of the lot size recalculation. For example, an open trade in USDCHF, with the size of 2.5 lots (USD 375 000), lot size increment 0.1 lot, and a floating loss at the time of conversion, will be converted to a position of 3.7 lots (370 000 USD).

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

e-mail: support@teletrade.eu

Wishing you successful trading!

Kind regards,

TeleTrade

19 Oct, 11:21

Dear TeleTrade clients, Please view the following changes to trading sessions of the below CFD instruments on November 1st due to the end of Daylight Saving Time in the USA. Changes to trading sessions...

19 Oct, 11:14

Dear TeleTrade clients, Please view the following changes to trading sessions of the below CFD instruments on October 25th due to the end of Daylight Saving Time in the EU. Changes to trading...

14 Sep, 11:17

Dear clients, Please be informed that starting Monday, September 14th, 2020 (Effective Date) at 3.30 pm a new class of assets will become available for trading - CFD's on Agricultural Commodities. The...

03 Sep, 09:00

Dear TeleTrade Customers, Please note that there will be a change in the trading hours on CFD instruments that will take place on September 7, 2020 – US Labour Day. Instruments Ticker Opening...

23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

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. 76% 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.

© 2011-2020 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. You may change your cookie consent or view our cookie declaration here.

TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.