Glossary
Account balance
The total value of the account including the profit and loss and equity used to maintain any open position.
Ask
The price at which it is possible to buy the base currency of the selected currency pair.
Base Currency
The currency written first in the currency pair, for example EURUSD where the EUR is the base currency.
Bid
The price at which it is possible to sell the base currency of the selected currency pair.
Closed-out
Closure of an open position.
Contract For Difference, a derivative financial instrument based on the price movements of an underlying contract.
Using the Secure Client Area clients may fund their account using a credit or debit card.
Day Spreads
Spreads applied during 07:00 & 21:00 GMT + 1
Direct Market Access
A trading system giving you access directly to the exchange on which an instrument is traded.
Demo Account
Access to the MetaTrader platform to test the systm and experience dummy trading.
ECN Electronic Communication Network
An computer system facilitating the trading of financial instruments.
An algorythmic trading system trading automatically on your MetaTrader.
Term
The date at which a CFD will no longer be tradable, and the new contract becomes available.
The final arbitrator for any disputes with regulated companies in the financial markets.
Financial Services Authority FSA
The United Kingdom regulatory body for financial servces.
Fixed Spread
A spread set as a given number of pips in normal market conditions. In volatile or illiquid markets spreads may widen.
Standard Account
Our FX and CFD trading account with fixed spreads.
Forex
Abbreviation for Foreign Exchange, the markets and deals made within it.
Free Equity
The amount of equity not used in holding open positions and therefore available to withdraw.
A special circumstance when your Stop Loss order is guaranteed to be filled at the requested rate.
The trading practice of holding open long and short positions concurrently in the same instrument.
Instant Order
An order executed at a requested price, unless in volatile markets being returned with a requote. Or at a price within a designated acceptable Maximum Deviation.
Instrument
Any tradable financial product, a currency par, CFD or commodity.
Our FX trading account giving access directly to our liquidity providers' quotes.
The multiplication factor of equity relative to the possible maximum position size.
Liquidity Providers
Banks or other market counterparts that support the underlying market with pricing.
Limit Order
A pending order used to close a trade when the market is moving profitably to the open position.
Live Account
An account giving live access and deal execution to the market.
Lot Size
The standardised contract value of an instrument.
Margin Requirment
The amount of equity required to hold an open position.
Market Order
An order which you instruct to be executed at the prevailing market rate, this could be possibly be different to your requested rate.
The window on your MetaTrader platform where you can view all the instruments available for trading.
Maximum Deviation
A user definable parameter used with instant orders allowing execution within a given tolerance of the actual requested price.
MetaTrader
Market leading Forex and CFD trading platform with powerful technical toolbox and algoryhtmic trading capabilities using Expert Advisors (Eas).
Common name for 1/100th (0.01) of a lot.
Common name for 1/10th (0.1) of a lot.
Trading on Smartphones, PDAs and other portable devices.
When your trading account runs out of equity and the balance is owed to ActivTrades.
Trading execution without intervention by human dealers.
Open Position
A trade in the market which has not yet been closed.
Any instruction to trade as either a market order or pending order.
Partial Closure
When part of a position is closed which is not the full amount of the originally opened position.
An order sent to MetaTrader for execution at a later time or market level.
Pips
The smallest increment movement of a financial markets instrument.
Profit/Loss
The proceeds of a winning or losing trade.
The law issued by the regulator governing the fairness of our business.
Also known as swaps, the daily interest adjustment applied to open forex positions when held after midnight Central European Time.
The practice of short term or high frequency trading often on small market movements.
Secure communications portal for ActivTrades clients.
The difference in pips when an order is executed outside of the requested rate.
Spread
The difference in pips between the bid and offer prices.
The distance in pips from the current market price as to the nearest level it is possible to place a pending order.
A pending order used to close a trade when the market is moving adversely to the open position.
Also known as rollover, the daily interest adjustment applied to open forex positions when held after midnight Central European Time.
Take Profit
An order which closes a position at a profit.
Trade
A deal made in the market.
Automatic closure of a position should the account equity fall below the Trade-Out Level.
The precentage level of equity required as an absolute minimum to maiantain an open poition.
A directive from the regulator ensuring fair treatment of clients.
Underlying Contract
The contract on which any CFD price is based.
Variable Spreads
Prices set with a target minimum spread but with the possibility to vary according to makret conditions.
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