GLOSSARY

The price at which the purchase is available to the client, the larger price in the quotation

It is the price at which the sale is available to the client; the less price in the quotation.

The Company needs a guarantee to open and maintain fixed (locked) positions. The guarantee is determined for each trading instrument separately.

It is the first currency in the currency pair. The client buys or sells the base currency for the quote currency.

The balance (or balance of the trading account) is the result of all transactions, procedures and operations performed by the client. It means both the trading activities of the client, and the procedure of replenishing or withdrawing funds.

It is the subject of the trading activity, the essence of which is limited to the ratio of the value of one currency in a currency pair to another currency in a currency pair.

It is the second currency in the currency pair with which to buy or sell a base currency.

This term refers to the process of buying a trading instrument with the prospect of appreciation.

Request for quotation is an instruction, with the help of which the Client can receive the necessary quotation. This request cannot be considered as an obligation to complete a transaction.

The process of increasing the balance of the trading account by the amount of money transferred by the Client (or his trustee) in accordance with the details received from the Company and credited to the Company's bank account.

For individuals, identification data are the passport data of the person indicated during registration on the Company's Trading Platform, including the registration address of the individual. For legal entities, identification data are numbers under which a particular legal entity has been registered in the relevant state and fiscal registers.

The price of a trading instrument, at which the Company does not undertake to perform the Client's instructions received with respect to the trading instrument.

Currency pairs, resources (for example, metals), contracts for difference and other financial instruments, access to which is provided to the Client by the Company.

It’s a generic term, describing any account opened by the Client in the Company (including business, trading, partnership, investment accounts, etc.).

It is an application, software product, or web application provided by a third party. This application provides connection to the server via the FIX protocol and serves to obtain information about the state of financial markets. In addition, the client terminal may but is not obligated to provide the Client with the service for conducting technical analysis in real time, opening and closing transactions on certain criteria, exhibiting, modifying and deleting orders or receiving messages from the Company.

This term refers to the process of buying a trading instrument with the prospect of depreciation.

Information about the value of a trading instrument at a given time expressed with the help of Bid and Ask.

The process of replenishing the Trading Account by the Company to ensure the Customer`s trading activities.

The unit value of the base currency measured in the quote currency.

It’s a password-protected client’s zone on the Company's website. The personal account is available to the Client after opening a trading account. The purpose of the cabinet is to identify the Client, maintain a register of conducted trading operations as well as to provide information support to the Client.

They are long and short positions with equal volume, opening on the same trading instrument and referring to the same trading account.

It’s a standard value, indicating some amount of the base currency or any other asset.

It’s a type of the trading activity of the Client, when trading operations are carried out not on the real amount, which the Client has, but on the volume enlarged with the help of the leverage. "Initial margin" is a necessary amount of money on the trading account of the Client (for each trading instrument determined separately), which the Company requires to open a certain position.

It’s a necessary amount of funds on the Client's trading account required by the Company to maintain open positions.

A quotation that occurred as a result of an error and meets one of the following conditions:

1. price return within a short period of time to the initial level with the formation of a price gap;
2. the absence of a rapid price movement before the appearance of this quotation;
3. the absence of macroeconomic events and / or corporate news at the time of its appearance, which have a significant impact on the rate of the instrument;
4. the existence of a significant price gap.

It is calculated by multiplying the number of lots by the volume of lots.

Time determined by the following interval: weekday (Monday - Friday), 9am - 6pm (GMT-0).

The instruction placed by the Client, relating to opening or closing a position when a certain price level is reached.

In fact, it is the first stage of a complete transaction. If there is an open position, the client is obliged to carry out the opposite transaction of an equivalent volume to maintain the availability of funds above or at the level of the required margin.

Profits or losses on open positions calculated on the basis of current values of rates.

It’s a closed cycle, consisting of two trading operations. Operations are carried out on the same volume and represent either a purchase with subsequent sale or sale with subsequent purchase.

A working day is a weekday, i.e. every day, except Saturday and Sunday.

It’s quantity of one lot for each security or base currency.

The order is the Client's command in relation to opening or closing a position, placing, removing or making changes to a pending order.

It’s a Client’s command via a personal cabinet in respect of writing off funds from the Client's trading account. In fact, this is an order to withdraw funds to any account of the Client or his/her trustee.

The amount of cash on the Client's trading account, which can be used to open new positions. Free margin is calculated as funds on the trading account of the Client minus the necessary margin.

It’s the payment made by the Client for moving an open position over the night. The swap value can be measured both by positive and negative values.

Technical means as well as software installed on them that serve for the timely processing of Client orders, and for displaying actual information in real time (the content of the displayed information varies by the Company).

A contract specification is a summary of such main trading conditions as: spread, lot size, minimum trading volume, step of changing the trading volume, initial margin, margin for locked positions, etc.

It’s a difference between Ask and Bid, expressed in points.

Calculated current state of the Client's trading account, in order to calculate this current state, it is necessary to add the amount of the balance with the credit, then add the floating profit and subtract the floating loss.

It’s a set of programs and technical means that display real-time quotes, which allow placing / modifying / executing orders and calculating mutual obligations that arise between the Client and the Company. The trading platform is divided into a server and a client terminal.

It’s the register of accounting transactions on the trading platform of the Company personalized for a specific client and reflecting completed transactions, open positions, non-trading transactions and orders as well as other information.

1. An individual who has reached legal age in accordance with the laws of the country of his/her citizenship or/and his/her tax residence. The authorized person of the Client cannot be a citizen and (or) tax resident of those countries on which territories the Company does not operate. The authorized person of the Client has the right on behalf of the client to enroll or receive funds from the Client's trading account. 2. A legal entity or any other organization formed according to the legislation of a particular country (the states on which territories the Company provides its services are considered) called on behalf of the Client to credit funds to the Client's trading account or receive funds derived in any way from the Client's trading account.

The order level is the price specified in the order.

Security is any stock, option, precious metal, interest rate, bond, etc.

Failure to provide normal trading conditions for reasons beyond the control of the Company, software or hardware failures of the Company and other situations that cannot be foreseen.