9. Basic terms and definitions
This Agreement as well as other documents, regulating the relationship of invest.international and the Client, use terms and definitions, which should be treated as follows:
The price at which a purchase is available for the Client, the higher price in a quote.
The balance (or balance of the trade account) is the result of all transactions, procedures and operations made by the Client. This refers to the Client’s trading activity as well as deposit or withdrawal operations on the Client’s trading account.
Means the first currency in the currency pair. The Client buys or sells the base currency against the quote currency.
The price at which the sale is available for the Client, the lower price in a quote.
A collective term that describes any account opened by the Client in invest.international including such types of accounts as transitory, trading, partner, investor’s accounts, etc.).
Client’s Authorized Person
1. An individual who has come of age under the laws of the country, the citizen and (or) a tax resident of which he/she is. The authorized person of the Client cannot be a citizen and (or) a tax resident of those countries, where invest.international does not operate. The authorized person has the right on behalf of the Client to deposit or withdraw funds from the Client’s trading account.
2. The legal person or any other organization formed under the laws of a particular country (refers to the states, where invest.international provides its services), authorized to credit funds to the trade account on behalf of the Client or withdraw funds from the Client’s account.
It means an application, a program or a Web application provided by the third party. The application connects with the server via the FIX Protocol and is use to obtain information on the state of financial markets. In addition, the client`s terminal can (but is not obligated) provide the Clients with services to perform the technical analysis in real time, open and close transactions on certain criteria, place, modify and even delete orders and receive notices from invest.international.
A closed cycle, consisting of two transactions that are carried out on the same volume: buy in order to sell or sell in order to buy.
The main trading terms, such as spread, lot size, minimum volume of a trading operation, initial margin, margin for locked positions, etc.
The process of depositing the trading account by invest.international to ensure the trade activity of the Client.
The subject of the trading activity based on the ratio cost of one currency in the currency pair against another currency in the currency pair.
Profits or losses on open positions calculated based on the current exchange rate.
Force majeure or emergency
The inability to provide normal trading conditions for reasons beyond invest.international software or hardware glitch, and other situations that cannot be foreseen.
The amount of cash on the trading account of the Client, which can be used to open new positions. Free margin is calculated as the funds on the trading account of the Client minus the necessary margin.
The current state of the trading account. In order to calculate the current state, you should add the balance value and the credit, add floating profit and subtract floating loss.
The process of increasing the balance of the trading account in the amount of funds transferred by the Client (or his/her agent) in accordance with the details obtained from invest.international and entered into a bank account/s of invest.international.
The required guarantee by invest.international to open and support fixed (locked) positions. The warranty is determined for each trading instrument separately.
Identification information for individuals means the passport information of the person specified in the registration form on the trading platform of invest.international, including the registration address of the individual. For a legal entity it means numbers under which a specific legal entity has been registered in the relevant public and fiscal registries.
The price of the trading instrument, at which invest.international is not obligated to execute the Customer’s instructions received in respect of the trading instrument.
The required amount of funds on the trading account of the Client (separately defined for each trading instrument), necessary for invest.international to open a specific position.
The Client’s instruction to open or close a position, placement, removing or changing the pending order.
Currency pairs, resources (e.g. metals), contracts for difference and other financial instruments provided to the Client by invest.international.
Long and short positions with an equal volume. They are opened on the same trading instrument and relate to the same trading account.
This term refers to the process of purchasing a trading instrument with a view to improve the rate.
Nominal value that indicates a certain amount of the base currency or any other asset.
The number of securities or base currency in one lot.
Trading activity of the Client, when operations are carried out not using the real amount of money available to the client. The Client conducts transactions using the increased volume of the leverage.
The necessary amount of money on the trading account of the Client requested by invest.international to maintain open positions.
In fact, it is the first stage of a complete transaction. In this case, the Client is required to:
- implement a counter transaction of the equivalent volume;
- maintain the availability of funds above or at the level of the necessary margin;
The price indicated in the order.
Instructions given by the Client, relating to the opening or closing the position, when a certain price level of the order has reached.
The information on the cost of the trading instrument at a given time shown in the form of the Bid and Ask price.
The second currency in the currency pair which can be bought or sold by the Client for the base currency.
This term means the instruction, by using which the Client may obtain the necessary quote. This request cannot be considered as a commitment to make a deal.
The cost of the base currency in the terms of the quote currency.
The term refers to any share, option, precious metal, interest rate, bond, etc.
Technical means and set software used to timely process Clients’ orders as well as to display the real information in real time (the content of the displayed information varies by invest.international).
This term refers to the process of purchasing a trading instrument with a view to lower the rate.
An error quote, which meets one of the following conditions:
- The price rebound in a short period of time to the initial level with a price gap;
- The absence of the rapid price dynamic before the appearance of this quotation;
- Absence of the important macroeconomic events and / or corporate news of significant effect that influence the instrument rate;
- The presence of a significant price gap.
The difference between the Ask and Bid prices shown in points.
The client pays the bill for the transfer of an open position overnight. Swap can be measured by both positive and negative value.
A register of operations on invest.international, personalized for a particular client, which shows all completed transactions, open positions, non-trading operations and orders as well as other information.
All programs and technical facilities, which present real-time quotes, allows placement / modification / fulfillment of the orders and calculation of all mutual obligations between the Client and invest.international A Trading platform consists of a server and a client terminal.
The time interval, which is determined as follows: a weekday (Monday – Friday), 9am – 6pm (GMT-0).
Means the lot size multiplied by the number of lots.
The instruction given by the client through a personal account to withdraw funds from the Client’s trading account. In fact, this is an order to withdraw funds to any account of the Client or authorized person. The client will submit his withdrawal request to the customer service department of invest.international via the email email@example.com In case that the client has provided all the relevant documentation (as mentioned above) and is verified, invest.international will return the funds back to the client’s credit card within 72 business hours. Otherwise, invest.international will ask for the missing documents.
A weekday, i.e. every day except Saturday and Sunday.
A password-protected page of the Client on invest.international website. A Client can gain access to a personal account after opening the trading account. The purpose of the personal account is identification of the Client, maintaining the registry of trade operations and an information support of the Client.
A password-protected page of the Client on website of invest.international. A Client can gain access to a personal account after opening the trading account. The purpose of the personal account is identification of the Client, maintaining the registry of trade operations and an information support of the Client.