Terms and Interpretation. «Base Currency» - the currency that is quoted first in order in the name of the currency pair. The Client can buy or sell this currency at the price of a quote currency. «Currency Pair» - means a unit of trade operation that is grounded on the price change of one currency against the other. «Client» - means a physical party or a legal body that has accepted this Agreement with the Company with the purpose of conducting trading operations. «Client Account» - means any account opened by the Client at the Company. These may be trading accounts, investor’s accounts and other account types. «Company Account» - means the bank or/and electronic Account of the Company. «Contract for difference or CFD» - means a trading contract which is based on changes of various assets including precious metals, commodities etc. «Margin Trading» - means trading with the use of leverage i.e. the Client can make transactions of a certain size while having less funds on his trade account. «Necessary Margin» - means the margin required by the Company to maintain open positions. «Non-Trading Operation» - means any operation that involves deposit of funds, withdrawal funds from the Client’s account or the return of credit. «Order» - means the Client’s instruction sent by him to the Company with the purpose to open/close a trade when the price reaches order level or to place, change or delete the order level. «Order Level» - means the price that is indicated in the order. «Rate» - means the value of the base currency in the terms of the quote currency. «Request» - means the Client’s order to the Company to obtain quote which shall not constitute the obligation to make a transaction. «Server» - means all programs that are used to make and carry out the Client’s instructions and also present the information on trade in real time. «Stop-out» - means the forced order to close the position generated by the server. «Trade Account» - means the unique personalized log of all operations recorded on the trading platform where completed closed transactions, opened positions, non-market operations and orders are reflected. «Trading Platform» - MetaTrader4 software product that gives the Client an opportunity to receive information on financial markets trading in the real time and also to set, change or cancel orders and receive messages from the Company. «Quote Currency» - the currency that is quoted second in order in the name of the currency pair which the Client can sell or buy for the base currency. «Website» - means the Company official website: (xxxx://xxxxxxxxx.xxx). The following part is to be filled, in case if this Agreement is signed own by the Client and the representative of the Company. …………………………………………… Name of the Client …………………………………………… Signature of the Client …………………………………………… Date of signing
Appears in 4 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
