Terms and definitions

Is an integral part of the “Trader agreement”

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.;
Copy protection – is some period of time after transaction opening, within this period the transaction cannot be displayed on the web-site to protect trader from the orders copying.;
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;
Gap (Price gap) – it is any of two next situations: Bid of current market quote is higher than Ask of a previous quote; Ask of current market quote is lower than Bid of a previous quote.
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%;
Margin Protection – period in hours before the rollover time, during which withdrawals from the PAMM account cannot be processed. All withdrawals get into this certain period are automatically transferred to the next rollover.;
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;

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