MiFID II Disclosures

Best Execution & Cost Transparency

TeleTrade is committed to execution quality and transparency for its clients. According to our Best Execution Policy, major execution factors that influence the quality of our service are price and likelihood of execution of the client orders. TeleTrade discloses the execution quality scorecard for the above factors on quarterly basis, for all types of accounts. Statistics includes all valid market and pending/limit order requests received via MetaTrade platform, excluding trader orders received by voice or in writing.

  • EXECUTION SCORECARD Q4 2017
      Standard Account NDD Account
    PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED 90% 99%
    PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE 85% 100%
    PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER» 54% 57%
    PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS 0.014% 0.013%
    PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER» 85% 93%

TeleTrade is also striving to provide information on transactional costs necessary for clients to choose the most appropriate account type for their needs and plan their investments accordingly. Cost transparency information below shows the average impact of transaction costs per notional USD 1000 of trading volume for the most recent quarter. These trading costs affect net profitability of a client account, therefore a client should project that, for example, for an Standard Account, the net profitability of a trade can reasonably be expected to be at about 3% lower compared from the gross profitability. Please note that the Swap component depends on the time of holding of a position, thus for intra-days trading the hurdle rate would be reduced from 3% to 2.6% on average for Standard Account, and from 2.9% to 2.3% for the NDD Account.

  • Cost Transparency Q4 2017
      Standard Account NDD Account
    Spread 0.26$ 0.18$
    Swap 0.04$ 0.05$
    Volume Commissions n/a 0.06$
    Total costs per USD 1000 of trading volume 0.30$ 0.29$
    Break-even gross return on a transaction 3% 2,9%

Pillar III Market Discipline and Disclosure Reports

TeleTrade publishes annual Pillar 3 reports in accordance with Part Eight of European Regulation (EU) 575/2013 ('Pillar III disclosures'), with the aim to encourage market discipline by allowing market participants to assess key pieces of information on risk exposures and the risk assessment processes of the Company. Pillar 3 provides disclosure of specified information about the underlying risk management controls and capital position, and is a part of the revised regulatory capital framework across Europe governing the amount and nature of capital investment firms must maintain

 

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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. 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.

© 2011-2018 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and 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 information on this website is for informational 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.

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

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