TeleTrade enables its clients to execute transactions in the Forex market using their cryptocurrency trading accounts
As of March 21, 2018, TeleTrade enables all its clients to execute transactions in Forex and CFD by using their cryptocurrency trading accounts. At the early stage, such trading account will be available only in Bitcoins, and a Client may open it via their Client Login.
To make transactions convenient and transparent on a cryptocurrency account, it is established to use a trading account unit expressed in microbitcoin (uBT) in order to ensure all calculations carried out on the trading platform are accurate to Satochi, i.e. the smallest possible bitcoin unit (1 BTC = 1 000 000 uBT, 1 uBT = 100 Satochi).
The Trading Conditions for cryptocurrency account holders are identical to those envisaged for any other clients.
Trading accounts in cryptocurrencies have certain individual features in regards to deposit / withdrawal of funds:
- Deposit is only available by using a Bitcoin wallet;
- Withdrawal is only available by withdrawing to your Bitcoin wallet;
- Transfers between your trading accounts that imply conversion from cryptocurrencies into other currencies are not available.
«TeleTrade considers the cruptocurrency market to be a prospective direction to continue the development not only in terms of trading instruments but also units of account, which can be used for investments in the Forex market», TeleTrade Group of Companies Vice-President Dmitry Drigaylo said in a statement. «For cryptoinvestors, this is also an opportunity to make money not only on the increase in the Bitcoin rate but also on changes in the rates for Forex instruments and CFDs, such as CFD on stocks, metals, and other instruments available for TeleTrade's clients», he added.
TeleTrade will keep on elaborating possibilities for its clients to make investments and is planning to soon introduce trading accounts in other cryptocurrencies to execute transactions in the Forex market.
12 Feb 2019
On February 18, 2019, the US stock exchanges will be closed due to the celebration of the federal holiday - the Presidents’ Day. Trading sessions on a number of CFD instruments are closed on this day or will be held on a special schedule.
15 Jan 2019
We draw your attention to changes in the schedule of trading sessions on CFD instruments on January 21, 2019 in connection with celebration of Martin Luther King Day in the USA.
14 Jan 2019
We draw your attention to the fact that on January 15, 2019 there will be a vote on the exit of the UK from the European Union (Brexit). This event may cause low liquidity and a corresponding increase in spreads and volatility growth for a variety of trading instruments.
05 Jan 2019Barrick intends to change its ticker symbol on the New York Stock Exchange from “ABX” to “GOLD” beginning on the merged company’s first day of trading on January 2, 2019. GOLD is currently the ticker symbol for Randgold American Depositary Shares traded on the NASDAQ exchange. On monday 07 Jan 2019 we will start new symbol "GOLD.K" based on "ABX". "ABX" will be stopped.
18 Dec 2018
We draw your attention to changes in trading schedule during the Christmas and New Year holidays.
19 Nov 2018
Please, be informed that on November 15, Bitcoin Cash (BCH) cryptocurrency split (hardfork) into Bitcoin SV (BSV) and Bitcoin ABC (BAB) coins.