Join the program and enjoy saving on effectively lower trading spreads available to program participants. The total amount of your saving benefits may reach up to 1% of your account balances per month, equivalent to up to 12% p.a., provided your trading has been active in the eligible instruments and no withdrawals took place meanwhile.
Joining the Reward Program enables you to get an additional premium into your trading account at TeleTrade.Who can join this program?
All clients eligible to open and operate a trading account with TeleTrade, including those clients who have joined other TeleTrade trading benefits programs.How is the calculation and payment of the reward made?
- Savings Reward stems from special discounts on the trading spreads that apply to the first 2 traded lots per 1000 USD or EUR of the amount of funds in the respective account at the beginning of the monthly period
- Savings Reward thus apply to Clients who have trading activities in their accounts, in eligible financial instruments, of 2 or more traded lots per 1000 USD or EUR of their funds
- Savings Reward is accrued to Client accounts in all months during which there were no withdrawals from the account and 2 or more lots were traded as per above
- Saving Rewards are transferred to Client accounts in the beginning of the next calendar month. The amount of the reward capped at 1% of the account balances will be credited to the client's account in cash, at 00:00, on the 2nd of each month following the accounting month. The beginning of the accounting month is at 00:00 on the 1st of each calendar month. The end of the accounting month is at 23:59 on the last day of the calendar month.
- The payment of the reward is credited on the trading account’s equity at the beginning of the accounting month, plus the profit gained by the end of the accounting month. The funds deposited in the account after the accounting period has already started will not be included in the calculation of the reward for the current accounting period.
- + $1,000 in the client's account at the beginning of the accounting month
- + $100 profit made in the accounting month
- + $5,000 deposited in the account after the accounting month has started
- up to 1% are to be paid on $1,100 in equity in total savings on the trading spreads on the 2 lots traded = $11 will be credited to the client's account
Within the accounting month, the first 2 traded lots for every $1,000 or EUR 1,000 in equity are eligible for Savings Rewards
Regardless of the client's account type, the calculation of reward includes only closed positions involving FOREX and CFD on metals instruments. These positions must meet the following requirements:
• the open position holding time is at least 2 minutes (120 seconds);
• the difference between the position’s open and close price is at least 0.05% of the open price (equivalent to approx. 0.0005 pips on EUR/USD).
Please read our Terms and Conditions for Trading Benefits.