Definitions and Interpretations
While trading, the following words shall have the corresponding meanings:
Access Codes: It is the username and password of every trader in order to have access to your online trading account.
Account: Any transaction account which is opened for investors on our records to allow trade in Financial Instruments.
Balance: The total sum of your Account after the last transaction made within any period of time.
Base Currency: The first currency in the currency pair.
Bonus Terms: The conditions as advertised by the company that must be fulfilled by all investors in order to receive the bonus incentive.
Business Day: Any day, other than a Saturday or a Sunday, or the 25th of December, or the 1st of January.
Customer Agreement: The Agreement between the Company and the Client, which you can read under terms and conditions section.
Currency of the Account: The currency that you choose when opening an Account with us or that you request to convert into after the Account is opened.
Currency Pair: Consists of 2 currencies. The first one is the Base Currency and the second is the Quote Currency.
Liquidity Providers: The Company shall act as agent of the Client when receiving and transmitting orders. The liquidity providers are banks, credit card companies, among others.
Leverage: Is the tool that enables the client to open deals in amounts greater than his capital. For each dollar traded by the client, he can trade x200 without the risk of more than one dollar.
Margin: The necessary guaranteed funds to open positions or to maintain open positions.
NDFs: Non-Deliverable Forwards. This has the same meaning as CFDs.
CFDs: Contracts for Difference.
Online Trading System: Software used to obtain market information in real time, analyze markets, enter Transactions, place, modify, or delete Orders.
Open Position: A deal of purchase or sale not yet closed.
Order: An instruction sent through the Trading Platform.
Pending order: Order to buy or sell a Financial Instrument at a price different from the market price.
Quote Currency: The second currency in the trading currency pair.
Speculation: Buy currencies to sell when the price rises to make a profit.
Slippage: The difference between the expected price and the actual execution price.
Spread: The difference between the ask and bid prices.
Stop Loss: A request to close a transaction at a predetermined price.
Swap Free: A position held overnight without swap charges.
Take Profit: The profit earned from each transaction.
Trading Recommendations: Daily recommendations sent by the company based on market analysis.
Position: Any trading action whether buying or selling.
Support: A price level acting as a floor for past or future movements.
Point of Resistance: The level where price reaches maximum and fails to break upward.
ECN: A brokerage firm acting between trader and market, earning from price differences.
Gross Deposits: Total deposits made by the client.
Net Deposit: Total deposits minus total withdrawals; determines account type.
