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TIOmarkets is an online trading broker committed to providing a low-cost trading environment to new and experienced FX traders, worldwide. Launched in 2019, the company offers trading on over 120 financial instruments including forex pairs, popular shares, commodities, metals & indices. TIOmarkets offers a fast and dependable trading environment with a secure approach and top trading conditions for global traders. The brokerage was acquired by the trade.io group in 2019. All retail products and services were revisited, improved, and were relaunched under the new brand of TIOmarkets.

News TioMarkets LTD

August 23, 2022 in 11:23

Tesla Moves Ahead With Stock Split

Tesla (ticker symbol: TSLA) is moving ahead with a 3 to 1 stock split. Investors and traders with shares or open CFD positions in TSLA will gain 3 times as many share CFDs.

What does this mean for you?

If you have open share CFD positions in TSLA at the close of business on Wednesday the 24th of August 2022, you will get 3 share CFD’s for each CFD you hold in your account. The price per share CFD will also decrease to take this into account.

Basically, the market value of your TSLA share CFD’s will not be affected, even though you will gain 3 times more share CFD’s in your portfolio.

This will come into effect at the close of business on Wednesday the 24th August. When trading resumes on Thursday the 25th August, you should notice the changes in your account.

If you have any questions, our Customer Support Team will be happy to help.