Join the program and become eligible for 24% p.a. reward payments to be paid on your account balances provided your trading has been active and no withdrawals took place meanwhile.Joining the 24% Reward Program enables you to get an additional premium paid at the monthly rate of 2% into your trading account at TeleTrade. Who can join this program?
All clients who opened a trading account with TeleTrade, including those clients who have joined other TeleTrade trading benefits programs.How is the payment of the reward made?
- 2% 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
- 2% are to be paid on $1,100 in equity = $22 will be credited to the client's account
Within the accounting month, the account should provide at least 4 traded lots for every $1,000 in equity.
Regardless of the client's account type, the calculation of commission 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.