Investor means a Client of the Company, who has registered a trading account as an Investor Account under the TeleTrade Invest service in order to be able to copy trading transactions from a Trader Account chosen by the Investor, to his/her Investor Account.
Trader means a Client of the Company who has registered a trading account as a Trader Account under the TeleTrade Invest service, or a provider of trading signals acting via a trading account connected to the TeleTrade Invest service. A Trader doesn’t have access to Investor’s funds and is never involved in the management of Investors' funds, but rather operates solely as a provider of trading signals that are copied to the linked Investor Accounts.
Provider of Trading Signals means a trading account from which trading transactions are replicated (copied) to other trading accounts connected to this trading account via the TeleTrade Invest service.
Non-Public Trader Account means a Trader Account which is not listed on the Company's websites.
Public Trader Account means a Trader Account, which is listed in the publich Traders’ Rankings and available for viewing by all clients of the Company in the Company’s websites.
Trader's Contract means a unique personalized code that identifies a Trader within the TeleTrade Invest service, which includes the Trader's Offer. By using a Trader's Contract, an Investor can select a respective Trader for linking to his Trader Account.
Trader's Offer means an offer to potential investors to link their trading accounts to the Trader Account under the commercial terms set by the Trader:
- Trader's Commission means the commission set by the Trader, according to which settlement between the Trader and Investors as well as commission will be calculated for profitable replicated trading transactions.
- Accounting Period means a period of time (since the start of collaboration between an Investor and a Trader, or since the previous settlement between an Investor and a Trader, whichever took place later) after which settlement takes place between an Investor and a Trader. Periodic settlement is effected on the last Sunday of every month.
Replication of Trading Transactions means copying of trading transactions from the Trader Account to a respective trading account of an Investor.
Replication Ratio means the ratio of copying trading transactions from a Trader Account to an Investor Account, which is set by the Investor while connecting his Investor Account to a Trader Account.
The commission fee for a trading transaction is calculated based on the financial performance of respective transactions, regardless of whose control the transaction was under. The commission fee is charged against the Investor Account via a balance transaction carrying a memo: “cmsn lock for re. #Investor order ticket”, and is reserved on a special retention account until the settlement procedure is carried out between the Investor and the Trader.
Settlement means the procedure of distributing the commission accrued in the retention account between the Investor Account and Trader Account.
Commission Refund to Investor means partial refund of the commission accrued by the Trader during the settlement procedure via transfer to the Investor Account. Returns of commission to an Investor are executed via a balance transaction to the Investor Account with a comment as follows: “cmsn return from Trader Account Number”.
Trader’s Reward means a part of the Trader’s commission accrued that is transferred to the Trader Account during the settlement procedure. The Trader's reward subject to the company's commission is deposited in the Trader Account via a balance transaction with a comment as follows: “cmsn from Investor Account Number”.