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- From July 17, 2017, TeleTrade will increase the degree of precision for quotes on Forex instruments and provide a floating spread on Standard Accounts
From July 17, 2017, TeleTrade will increase the degree of precision for quotes on Forex instruments and provide a floating spread on Standard Accounts
Dear Clients,
From July 17, 2017, the trading conditions will be changed for all instruments on Standard Accounts: the price will be formed based on market ask and bid prices, with no intermediaries involved. Therefore, all clients holding Standard Accounts will be provided with a floating spread, thus bid and ask prices will be changing independently of each other.
Also, TeleTrade will increase the degree of precision of quotes for Forex instruments from 2/4 digits to 3/5 digits after decimal point.
These changes will enable the company to provide its clients holding Standard Accounts with even narrower floating spreads than before, and, as a result, clients' costs of executing trading transactions will be reduced. Meanwhile, Instant Execution of trading transactions on Standard Accounts will remain.
Kind regards,
TeleTrade
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