TERMS AND DEFINITIONS 

 

«Abnormal market conditions» mean «thin market» or «fast market»;
«Advisor» trading account management algorithm existing in the specialized MetaQuotes Language 4 software sending calls and instructions to the server via client interface;
«Ask» is the higher quote price. Price for which a Client can buy;
«Balance» is a total financial result of all completed transactions and non-trading operations in the trading account;
«Bar (candle) » is chart element consisting of the opening and closing prices as well as the minimum and maximum prices for a specific period (one minute, 5 minutes, 15minutes, 30minutes etc.);
«Base currency» is the first currency in the currency pair designation; it is used by a Client for selling or buying the quote currency;
«Bid» is the lower quote price. Price for which a Client can sell;
«Client» is legal entity or individual concluded Agreement with the Company about committing trading transactions on the conditions of marginal trading as well as Agreement with AccentForex.com about renting Client’s terminal;
«Client of real account» is legal entity or physical body which opened account at the Company and filled it up with minimal deposit;
«Chart» is the table of quotations represented in graphics;
«Client terminal» is MetaTrader 4.0 software product providing a Client with real-time information about auctions at the financial markets (in the volume defined by the Company), facility to conduct
technical analyses of the markets, commit transactions, place/ change/delete orders as well as with the facility to receive messages from the Company;
«Client’s assets» are Client’s assets transferred to the Company’s operating account for its further displaying at Client’s trading account;
«Client’s log-file» is the file produced by Client’s terminal controlling all the requests and orders delivered to a server by a Client accurate within one second;
«Completed full transaction» consists of two opposite trade transactions of equal volumes (item opening and item closure): purchase with subsequent sale or sale with subsequent purchase;
«Conflict situation» means
1) The situation when a Client supposes that the Company violated one or more Clause of the present Rules;
2) The situation when the Company supposes that a Client violated one or more Clause of the present Rules;
«Contract for difference» is object of trading operations based on the base asset (i.e. assets used as the basis of the contract for difference) price, which can be a share futures, commodity, precious metal, stock index etc.;
«Currency pair» is the object of trading transaction which is founded on the change of one currency against another currency;
«Demonstrative trading account» is trading account giving the opportunity to commit transactions without directing to the market as well as not allowing funds deposit or withdrawal (conversion into cash);
«Developer» is «MetaQuotes Software Corp. », developer of trading platform;
«Equity» is current account status. Determined by the formula: balance + floating profit – floating loss;
«Fast market» is state of the market characterized with rash movements of the currency rate for a short period of time; often brings price gaps;
«Floating profits/ losses» - unrecorded profit/ losses on open items at current rate;
«Floating stock exchange spread» is the information about current Bid and Ask transmitted by indicative tool;
«Foreign currency account» is the trading account which balance is rendered in USD or EUR;
«Free margin» - funds in the trading account which can be used for opening new items. Determined by formula: equity – margin;
«Hedged margin» is security required by the Company for opening and maintaining locked items. Set in the relevant specifications for each tool;
«History of account» is the list of complete transactions and non-trading operations in the trading account;
«Internal mail of trading platform» is mailing client incorporated in trading terminal MT. Allows message delivering among Clients and services;
«Intersession price gap» is the price gap between close price of preceding trading session and opening price of current trading session;
«Investor password» is is the secret word or character set intended for proving personality or authorities which is used for accessing trading platform, only for viewing of transactions committed;
«Leverage» is ratio between the deposit amount and amount of the transaction: 1:1, 1:25, 1:50, 1:100, 1:200 etc. A 1:100 leverage means that for the execution of the transaction the balance in Dealer’s trading account can be 100 times less than the amount of the transaction;
«Locked positions» are short and long positions of equal volume which are opened for the same trading tool at one trading account;
«Lot» is abstract designation for a set of shares, commodity, currency used by the trade platform;
«Margin for locked positions» is security required by the Company and aimed at supporting locked items. It is set in the specification for every trading tool;
«Market execution» is the method of providing a Client with quotations without request when a Client watches real-time stream of quotations and send instructions for committing transactions according to these quotations at any moment of time;
«Mаrgin Level» is ratio between equity and necessary margin expressed as percentage. Determined by the formula: (equity/margin)*100%;
«Necessary margin» is monetary security required by the Company for maintaining open items. Set in relevant contract specifications for each instrument;
«Opened position» - certain amount of funds deposited into market or result of the first part of a completed transaction. As a result, following obligations arise for a Client:
• to close position;
• to support Margin Level equal or over the level specified by relevant annex;
«Opening market» is recommencement of trading after weekend, holidays or break between trading sessions;
«Order level» is the price set in the order;
«Order» is Client’s instruction given to a server to open or close item when the price reaches the level of order;
«Password» is the secret word or character set intended for proving personality or authorities which is used for accessing trading platform and closed information resources of Company;
«Point» is the minimal possible change of price;
«Quotes» is the information about trading tool’s current rate expressed in Bid and Ask;
«Quote currency» is the second currency quoted in a currency pair which a Client can buy or sell base currency for;
«Quotation» is process of submitting quotes to a Client for transaction execution;
«Rate» – 1) for currency pair: base currency unit price expressed in quote currency; 2) for CFD: base asset unit price expressed in monetary value;
«Server’s log-file» is the file created by server controlling all the requests and instructions delivered to a server by a Client as well as the result of their processing accurate within one second;
«Short position» is the sale of trading tool with the expectation that the asset will fall in value;
«Size of lot» is amount of shares, stock, commodity, base currency in one lot set in the relevant contract specification;
«Spread» is the difference between Ask and Bid expressed in points;
«Stop out» is server-generated instruction for compulsory item closure;
«Stream of quotations» is subsequence of quotes for every tool entering the trading platform;
«Swap» is fee for overnight carry of a position at the financial markets; can be positive or negative. Swap table for each trading tool is available on our web-site;
«The price preceding non-market quote» is the price of closing minute bar preceding the minute bar with non-market quotation;
«Thin market» is the market situation when the quotes for a relatively extended period of time enter in the platform more seldom than in the normal market conditions;
«Tick value» is change of the stock contract’s price in price per one tick;
«Ticker» is unique ID assigned in the trade platform to each open item or pending order;
«Tick price gap» is rapid change of price level (splits of second) clearly distinguishable on tick chart of instrument. It is possible because of publishing global economic and political news;
«Tool» is currency pair or contract for difference;
«Tools’ specification» - main trading conditions (spread, size of lot, minimal volume of trading transaction, initial margin, margin for locked positions etc.) for every trading tool. The information is available on our web-site;
«Trading account» is a unique personalized account in the internal system of accountancy; it records reciprocal obligations of a Client and the Company;
«Trading platform» is the package of software and technical means providing real-time information about auctions at the financial markets, committing trading transactions, maintaining reciprocal obligations of a Client and the Company, and also maintaining conditions and limitations. As simplified, for purposes of the present Rules, consist of the “Server” and “Client terminal”;
«Trading transaction» is purchase or sale by a Client of any trading tool;