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FX & CFD trading involves significant risk

Conditions

Schedule of Trading Conditions and Fees for Warsaw Stock Exchange Accounts as of August 24, 2016 Trading Account Fees

Fees Initial Amount of Deposit in the Trading Account*
Less than
PLN 50 000
PLN 50 000 to
PLN 500 000
Above
PLN 500 000
Opening and Maintenance of Trading Account Free**
Depositing of Funds into Trading Account Free**
Market Data Access, monthly 5 Best Quotes PLN 100 for the rest
1 Best Quote PLN 20 Free Free
Transaction in Shares & ETFs, per transaction, as % of the transaction volume 0.39%, but no less
than PLN 5
0.30%, but no less
than PLN 5
0.25%, but no
less than PLN 5
Transaction in Index Futures, per 1 contract PLN 15
Transaction in Single Stock Futures, per 1 contract PLN 7.5
Transaction in Currency Futures, per 1 contract PLN 5
Transaction in Bond and WIBOR Futures, per 1 contract PLN 7.5
Outbound Transfer of Securities to Accounts outside TeleTrade, % of the Market Value of Securities 0.5%, but no less than PLN 50
Inbound Transfer of Securities from Accounts outside TeleTrade, % of the Market Value of Securities Free
Withdrawal of Funds from Trading Account, per transfer request PLN 15**
Interest on negative cash balances / limit excesses, p.a. 10%
Issuance of paper statements, certificates, extracts etc, per 1 document PLN 30

* based on the amount of the initial deposit put into the WSE trading account after opening, without any adjustment or allowance for any subsequent additional transfers.

** doesn’t include bank fees for funds transfer and currency conversion (if applicable) that are charged from Client’s account.

TeleTrade-DJ International Consulting Ltd reserves the right to change the Fees by giving to the Client a prior five (5) Business Days written notice, which shall state the date that the amendments will start having effect and the continuation of the Client’s acceptance of the Services provided by the Company shall be deemed to be on acceptance of such amended terms by the Client.

Applicable Rules of the Marketplace

Client is strongly encouraged to familiarize with the general Rules of Warsaw Stock Exchange and the Detailed Exchange Trading Rules in UTP System prior to commencing their trading operations. The above documents contain important and consequential details of the Exchange’s functioning that are not a subject of Operative Agreement, yet that may have substantial impact on the Client’s trading operations. The Client also has to be aware that important market communiqués may be made via the Exchange’s Alert List. Clients must maintain access to and acquaint themselves with relevant provisions of all applicable rules and regulations of the Exchange, and with any updates thereof.

Currency of Accounts

Client should be fully aware that trading on Warsaw Stock Exchange is conducted in Polish Złoty (PLN). All quotations and market data available via the Client’s Trading Terminal are also denominated in PLN. Therefore, the currency of the Client’s WSE trading account is also PLN. Any Client funds deposited into the WSE trading account will be converted into PLN at the current exchange rate of the servicing bank through which the depositing of Client funds take place. Such conversion is done at the Client’s expense. Applicable currency conversion rates of Bank of Cyprus can be found at: http://www.bankofcyprus.com.cy/en-GB/Cyprus/Services--Rates/Exchange-Rates/. Clients are advised to check the above exchange rates before proceeding with transfer of their funds.

Trading Days and Market Hours

Trading takes place on all days Monday to Friday - except Public holidays in Poland, which for 2016 are January 1, January 6, March 25, March 28, May 3, May 26, August 15, November 1, November 11, December 26 – during the following hours (CEST / GMT+2):

Trading Session Main Market - Shares Main Market – ETFs Index, Stock and Currency Futures Interest and T-Bond Futures
Pre-opening 08:30 – 09:00 08:30 – 09:05 08:30 – 08:45 08:30 – 09:00
Opening auction 09:00 09:05 08:45 09:00
Continuous trading 09:00 – 16:50 09:00 – 16:50 08:45 – 16:50 09:00 – 17:00
Pre-closing 16:50 – 17:00 16:50 – 17:00 16:50 – 17:00 16:50 – 17:00
Closing auction 17:00 17:00 17:00 -
Post-auction trading 17:00 – 17:05 17:00 – 17:05 17:00 – 17:05 -

Market hours are subject to changes by the Exchange. Client is encouraged to periodically check the Exchange’s current time schedule available at: http://gpw.pl/harmonogram/index_en.php?page=1.

TeleTrade Agreements and Policies Governing Trading at WSE

Terms and Conditions of Securities Accounts

Best Execution Policy

Client Agreement

Deposit & Withdrawals Policy for Trading on a Regulated Market

Risk Disclosure and Acknowledgement

Inquiries

Privacy Policy

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  • © 2011-2017 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.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

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