Get 24 % bonus on your deposit!
TeleTrade grants bonuses to all its clients that are credited on the client's equity on a monthly basis provided that their trading accounts demonstrate active trading. The monthly bonus amount is 24% per annum, or 2% per month. The bonus amount is credited to the client's trading account at the beginning of the month, but not later than on the 5th of the month following after the accounting month.
Basis Amount Involved in Calculation:
- The basis amount for calculating the bonus amount is the total amount of client's equity in the account as per the end of the monthly period, less funds deposited in the account within the same monthly period.
Bonus Payment Conditions:
- No withdrawal from the trading account may take place during the monthly period.
- No bonus payment is credited for the month during which the trading account was opened.
- The following active trading requirements must be met:
- The size of trading transactions must be at least 4 lots within a month per each $1000 of equity held in the trading account at the beginning of the month.
- The calculation of trading transactions may include only closed positions involving Forex and CFD on metals instruments. The trading transactions must meet the following requirements:
- The open position holding time must be at least two minutes (120 seconds);
- The difference between the position's open and close price must be at least 0.05% of the open price (equivalent to approx. 0.0005 pips on EUR/USD).
Example of Calculation under the 24% Bonus Program:
Let's say, the client's equity, taking into account open positions, is $2,000 at the beginning of the monthly period. There are also other bonus amounts totalled $2,000 in the trading account.
To receive a bonus amount under the 24% Bonus Program at the end of the month, the size of trading transactions in the client's account must be at least 16 lots within the month.
Within that same month, the client deposited $2,000 in his account, and he made a profit of $1,000.
The basis amount for calculating the bonus amount is $3,000 (client's equity less client's new deposit). If the client meets the active trading requirements within the monthly period, then $60 will be credited to the client's account at the beginning of the month following after the accounting month.
The company's VIP clients are offered a similar bonus program called «Savings Deposit Bonus» which provides a higher bonus interest rate and special terms on trading activity.