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Accounts

Main account. The account that holds your cash. Deposits land on it, withdrawals leave from it, and it places no orders. See Your accounts. Trading account. An account linked to the main account, from which orders are placed. It is kept in one currency and margined per position or as a whole. Account currency. The currency a trading account is kept in. Margins, fees, swaps and results are counted and shown in it. Paper account. A trading account with play money against real prices. Nothing in it can be withdrawn. Balance, equity, used margin, free margin, margin level. Defined on Leverage and margin.

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Trading

CFD. A contract for difference: a contract whose result is the difference between the price you opened at and the price you closed at, times the size. You never hold the asset. Lot. The fixed quantity an instrument trades in: 100,000 units of the base currency on a currency pair, 100 shares, 100 ounces of gold, 1 BTC. See Markets and hours. Notional. The size of a position in money: lots times contract size times price, or the amount times the leverage. Commissions and the swap are counted on it. Leverage. How many times the margin the position is worth. Set per asset class in the settings, capped by each instrument. See Leverage and margin. Margin. What the broker holds against a position. See Leverage and margin. Spread. The difference between the buy and the sell price of an instrument. Half of it is paid at the open and half at the close. See Fees and spread. Commission. A percentage of the notional, charged per side. See Fees and spread. Swap. The overnight financing of a position, charged each night at 21:00 UTC. See Fees and spread. Borrow charge. What a short position in a share pays each night, the cost of borrowing the shares that a short carries elsewhere. See Fees and spread. Reference price. The price fills are made from: the median of the venues’ books that agree on crypto, the one venue’s price on an instrument priced from a single source. Liquidation price. The price at which a position margined on its own is closed. See Liquidation. Liquidation threshold. The share of a position’s margin that a price loss has to reach for the position to be liquidated. See Fees and spread. Stop-out. On an account margined as a whole, the closing of positions, the one losing most first, once the margin level falls to the stop-out level. See Liquidation. Margin call. A warning that the margin level has fallen to the level the desk set: deposit or reduce the exposure. Negative balance protection. A balance taken below zero by a gap is reset to zero. See Liquidation. Slippage. How far the price moves between the ticket and the fill of a market order; beyond the tolerance the order is refused. See Place an order. Trailing stop. A stop loss that follows the price at a distance in points once the profit reaches it, and never moves back. GTC. Good till cancelled: a waiting order that lives until you cancel it. Session. A part of a share’s trading day: regular hours, pre-market, after-hours, overnight, and off-exchange when a perpetual prices it while the exchange is shut. Outside regular hours the spread is usually wider.

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Money

Route. A token on a network that a deposit or a withdrawal can take. See Deposit and Withdraw. Native USDC. The USDC issued on a network, as opposed to a bridged variant such as USDC.e or USDbC. Only native USDC is credited. Address book. With it on, withdrawals go only to the addresses in it, each usable 24 hours after it is confirmed. Second factor. A code from an authenticator app, or a passkey, on top of the password. See Two-factor and passkeys.