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.
21 Aug 2019In Connection with Labor Day Celebration in the United States, the Schedule of Trading Sessions on CFD Has Been Amended
Dear TeleTrade Customers!
Please be advised that in connection with Labor Day celebration in the USA on September 2, 2019, important changes have been made to the trading schedule for CFD instruments.
Changes in the schedule of trading sessions on CFD on September 2, 2019
20 Aug 2019Dear Customers!
We remind you that on August 26, 2019, all banks in the UK will be closed due to August Bank Holiday.
The absence of major players in the financial market, such as the Bank of England and many commercial banks, can cause a noticeable decrease in liquidity and volatility along with possible unpredictable movements, including movements on the London Stock Exchange, and may result in increase of the risk of funds loss during trade execution.
02 Aug 2019TeleTrade notifies of WMR work suspension for depositing and withdrawing funds from trading accounts via WebMoney Transfer
TeleTrade notifies its customers of the forced termination of WMR operations from August 1, 2019 to replenish trading accounts and withdraw funds using WebMoney Transfer.
09 Jul 2019
In order to reduce the risks of non-market quotes in charts, TeleTrade changes the schedule of trading in CFDs on US stocks starting from July 11, 2019.
26 Jun 2019
As a result of reverse split, DowDuPont (NYSE:DWDP) has changed its name to DuPont de Nemours, Inc.
24 Jun 2019
May we remind you that on July 4, a national holiday - Independence Day is celebrated in the USA.