Client Agreement

1. General Provisions.

1.1 This Client Agreement (hereinafter called the “Agreement”) is made by the Desert Forex Limited (hereinafter called the “Company”), whose registered office is located at First Floor-Commercial Area Calle 53,Marbella,Panama City P.O.BOX 0832-0588, and an individual or a legal entity (except for stateless persons; individuals under 18 years of age) (hereinafter called the “Client”).
The Parties agree that the Agreement is settled at the place, where the Company is registered.

1.2 This Agreement establishes mutual commitments of the Parties, which effect in the course of conversion arbitrage transactions with contracts for currencies in compliance with the Terms of Business.

1.3 The Company provides for the Client the following services:
1.3.1 Opening of trading account;
1.3.2 “Live Account” Service;
1.3.3 The Client has the right to register only one “Live Account”.
1.3.4 The Client has the right to open not more than 50 trading accounts.
1.3.5 The Company has the right to restrict access to “Live Account” in case the Client violates articles 1.3.3 and 1.3.4 of this Agreement.
1.3.6 Organization of the transactions and provision the facilities for the Client to make deals with contracts for currencies.
1.3.7 Information & consulting services.

1.4 The Client has no right to ask the Company for trading recommendations or other information, which may motivate them to make transactions.

1.5 The Company, at its own discretion, may provide the Client with trading recommendations or other information, but bears no responsibility over the impact and profit that these references and advice may cause.

1.6 The terms of this Agreement shall be considered accepted unconditionally by the Client upon the Company’s receipt of an advance payment made by the Client in accordance with this Agreement.

1.7 The terms used in this Agreement are determined in last section of this agreement – in “Terms and Interpretation”.

2. Opening of trading account.

2.1 To open a trading account, the Client should fill in the registration form at the Company’s site http://d-ex.uk/

2.2 When filling the registration form and opening MetaTrader 4 account, the Client has the right to choose USD, EUR, or RUB as a currency for their trading account.

2.3 The Company has the right to refuse the Client in opening and maintaining trading account, if the information stated in the registration form is not valid.

2.4 The Client is liable for the authenticity of the provided documents or their copies, and admits the right of the Company, if their originality is doubted, to apply to the law-enforcement authorities of the document issuing country for the authentication validation, in case the act of the document forgery was disclosed, the Client will be brought to responsibility in accordance with the legislation of the document issuing country.

2.5 The Client has the right to register only one “Live Account”. In case the Client violates this article of the Agreement, the Company has the right to restrict access to all “Live Accounts” registered by the Client.

2.6 The Company has the right to terminate maintaining of the trading account in cases within “45 days after it was opened the Client did not make any transaction.

2.7 The Company holds responsibility to provide a true history of transactions in client terminal for 30 days.

3. Procedure of mutual settlements.

3.1 Withdrawal and deposit from/to trading account should be made using US Dollars (USD), or Euros (EUR), or Japanese Yen (JPY).

3.2 The Client has the right to withdraw from his trading account any sum, in case this transaction does not bring to compulsory close of the positions because of insufficient margin level.

3.3 Conducting of procedures of deposit and withdrawal to/from trading account should be conducted during working hours of the Company’s Department of Payments (from 09:00 a.m. to 6:00 p.m. EЕТ). The Company assumes a commitment to transfer the funds according to the details stated in a request for withdrawal within two business days.

3.4 In case the Client uses an automatic account depositing service in “Live Account”, the Company assumes a commitment to transfer funds to the Client’s trading account within two business days after receiving the Client’s deposit.

3.5 The Company has the right to refuse the Client in conducting a trading account transaction in case of misuse of the funds, particularly for the purpose of conversion of cash assets.

3.6 When withdrawing funds from the trading account, the Client is charged with a commission for funds transfer.

3.7 In order to make deals, the Client should accept unconditionally the terms of transaction provision presented at the Company’s server in compliance with the Client agreement.

3.8 If the Customer has to pay the Company an amount exceeding the equity of its account, such amount shall be paid within 2 (two) business days from the date of incurrence of the Customer’s obligation.

3.9 If the balance of the Customer’s account is negative, the Company shall have the right to pay off without future authorization the negative balance of the account by transferring funds from any other account of the Customer’s Personal Area or from an account of any other Personal Area, if the Company believes that there is a connection between this Personal Area and the Customer.

4. Responsibilities and duties of the Parties.

4.1 The Company holds no responsibility for unauthorized use of the passwords, which the Client should keep in secret.

4.2 The Client holds responsibility for transactions made in the trading account.

4.3 The Client holds responsibility to avoid the transactions, which violate the law, the legislation, the norms and the rules applied to the Client.

4.4 The Company has the right to request the Client for identification (to pass the complete verification) by providing the documents to prove the Client’s identity.

4.5 If after account opening any registration information of the Client (Surname/given name/patronymic, Address, Phone number) has been changed, the Client is obliged to inform the Company with request to change the information.

4.6 The Client takes responsibility to deposit to the trading account only the funds of legal character.

4.7 The Client acknowledges that the Company has a right to give their personal details to the law- enforcement authorities, where there is an official request under the framework of counteracting revenue laundering.

4.8 The Company has the right to block the Client’s account, as well as the funds on it, if the Client violates article 4.6 of this Agreement or where there is an official request from the law-enforcement authorities to check the legality of the Client’s trading operations.

4.9 The Company has the right to cancel the transactions made by the Client in case it violates the provisions of items 4.3 and 4.6 of the Agreement.

4.10 The Company has the right to regard as non-market the transactions at the trading server, in case there are objective reasons for that.

4.11 The Client holds responsibility to avoid using any strategies for profit making, which are based on hardware vulnerability factors.

4.12 All information presented on the Company’s website is intended for illustrated purposes only. The Company holds no responsibility for the Client’s activity or inactivity caused by this information.

4.13 The Company has the right to change this Agreement. The changes come into effect in 5 working days after publication about the changes in the Company’s site or sending an appropriate notice by the client account internal mail.

4.14 The Client has the right to terminate this Agreement if they inform the Company in writing of their willingness to do so.

4.15 The Company has the right to terminate this Agreement immediately provided that the Company informs the Client in writing about that in advance.

4.16 Cancellation of this Agreement does not release the Company and the Client from responsibility to discharge obligations, which were incurred before notification by one of the Parties about this Agreement cancellation.The Company is not a tax agent and has no obligations declaring the Client’s income. The Client is solely responsible for paying taxes and declaring income to their jurisdiction.

4.17 The Company is not a tax agent and has no obligations declaring the Client’s income. The Client is solely responsible for paying taxes and declaring income to their jurisdiction.

5. Examination of claims.

5.1 Claim issuing regulation and examination procedure are determined in section the Terms of Business.

5.2 The Company holds responsibility to examine a Client’s claim within 5 business days.

5.3 The Company has the right to refuse in examination of a claim, in case lost profits make a subject of the claim.

5.4 The Company will not indemnify moral damage.

5.5 In case a claim cannot be settled in compliance with this Agreement, the Company has the right to make a decision upon the claim in compliance with its business practice.

TERMS OF BUSINESS

6. General Provisions.

6.1 The working hours of the Company are as follows: 24 hours a day, from Monday, 00:00:01 a.m. EET (Eastern European Time), to Friday, 11:59:59 p.m. EET. Client has the right to make orders only during the working hours of the Company. For each trading instrument, there may be additional limitations during trading sessions, which are descrobed in “Contract Specifications” section of the Company’s website.

6.2 Client has the right to make the following orders: to open position, to close position, to place pending order, to modify or to delete pending order.

6.3 Client’s orders to open position, to close position, to place pending order, to modify or to delete pending order should be made through Client’s terminal.

6.4 The time of processing the Client’s orders is not a fixed parameter as it depends on the market conditions and the speed of order execution on the side of the Company’s partners.

6.5 For all accounts, spread specified in the contract specifications, is not a fixed and depends on the market conjuncture.

6.6 For Fix-Cent and Fix-Standard accounts, spread specified in the contract specifications, is a fixed, but can be increased in several times from 22:00 to 09:00 server time.

6.7 Transactions to buy should be made at Ask price. Transactions to sell should be made at Bid price.

6.8 Long positions should be opened at Ask price and closed at Bid price. Short positions should be opened at Bid price and closed at Ask price.

6.9 All accounts, the “Instant Execution” mode is used. For All accounts, the “Market Execution” mode is used.

6.10 When opening position, Client should deposit a Margin, the value of which depends on leverage available to Client.

6.11 If there are any locked positions on the Client’s trading account, the Client should have a sufficient hedged margin which size is set forth on the client terminal in instrument specification.

6.12 During the last hour before the market closing prior to the weekend or holiday, the Company has the right to refuse to execute the Client’s orders if the execution results in decreasing of margin level up to 200% (if leverage is 1:200) or lower. In cases when the margin level on the Client’s account during the same period of time is equal to 200% (if leverage is 1:200) or lower, the Company has the right to refuse to execute the Client’s orders if the execution results in further decreasing of margin level.

6.13 The Company has the right to change leverage in case the trading account balance does not comply with the leverage conditions. At that:
6.13.1 In case the balance makes less than $100.000 the admissible leverage makes 1:200;
6.13.2 In case the balance exceeds $100.000 the admissible leverage makes 1:200.

6.14 All the positions opened from 11.59.30 p.m. to 11.59.59 p.m., server time, should be without fail transferred to the next day.

6.15 In case of transferring open positions to the next day, storage (swap) is charged. It can be both, positive and negative. Storage (swap) value for each instrument is specified in contract specification.

7. To Open/Close position.

7.1 In an order to open position, Client should specify the name of instrument and the amount of transaction. In an order to close position, Client should specify the order number.

7.2 When an order is received, trading account will be checked for available assets (Free Margin). In case the initial margin and/or hedged margin for a position to be opened exceeds free margin in trading account, Client will get a denial with comment “Not enough money”.

7.3 After receipt of a Client’s order, the server enqueues it for processing. When an order is enqueued, Client is acknowledged about it by message “Order is accepted”. When an order is waiting for executing in a queue, Client has the right to cancel it.

7.4 Just when an order leaves a queue for executing, Client is acknowledged by message from server “Order is in process”. Client cannot cancel the order in case it has been accepted for execution.

7.5 In process of Instant Execution of Client’s order, the price quoted in the order is compared with the current price. In case the current price differs from the price quoted in the order, a new price will be proposed with comment “Requote”. In case Client does not accept the new price within 3 seconds, it will be considered that the transaction is cancelled.

7.6 In case of Market Execution, execution of Client’s order will be made at the current price at the moment of order execution. at the moment of order execution.

7.7 All Clients’ orders are registered in the server’s log-file by making appropriate records.

7.8 A Client’s order to open position is considered to be executed and a position is considered to be opened after an appropriate record has been made in the server’s log-file.

7.9 A Client’s order to close position is considered to be executed, and a position is considered to be closed after an appropriate record has been made in the server’s log-file.

7.10 A Client’s order to close position will be declined in case at the moment of its receipt the position is under Stop Loss or Take Profit execution. At that, Client receives message “Off quotes”.

8. Pending Orders.

8.1 Clint has the right to place the following pending orders:
8.1.1 Buy Stop – an order to open long position, when future price Ask is equal to the specified value. The current price level is lower than the value of specified order.
8.1.2 Sell Stop – an order to open short position, when future price Bid is equal to the specified value. The current price level is higher than the value of specified order.
8.1.3 Buy Limit – an order to open long position, when future price Ask is not worse than the specified value. The current price is lower than the Ask price.
8.1.4 Sell Limit – an order to open short position, when future price Bid is not worse than the specified value. The current price level is higher than the Bid price.
8.1.5 Stop Loss – an order to close position, when future price is equal to the specified value. This order is purposed to minimize losses in case the price of financial instrument has started to move towards loss. Such an order is always associated with open position or pending order. Bid price is used to check condition of this order for long position, and Ask price – for short positions.
8.1.6 Take Profit is an order to close position with the future price not worse than the specified value. Take Profit is set for making profit when the financial instrument price hits the expected level. When the order is executed, the position is closed. It is always related to an open position or a pending order. Execution of Take Profit order is triggered by Bid price for long positions and Ask price for short positions.

8.2 Client has the right to attach the orders Stop Loss and/or Take Profit to the orders Buy Stop, Sell Stop, Buy Limit and Sell Limit. After Stop order triggering, its Stop Loss and Take Profit orders will be automatically attached to an open position.

8.3 Stop Loss and Take Profit shall be executed only for an open position and shall not be executed for any pending orders.

9. Placing Pending Orders.

9.1 In a direction to place pending order, Client should specify the following:
9.1.1 Compulsory parameters: instrument, volume, order type (Buy Stop, Sell Stop, Buy Limit, Sell Limit), price level;
9.1.2 Optional parameters: Take Profit price level, Stop Loss price level, operation time of pending order.

9.2 A pending order will be denied in case of wrong input of compulsory or optional parameters.

9.3 The Company has the right to refuse the Client’s request to place a pending order, if the equity on the Client’s trading account is less than the margin required for the execution of the order.

9.4 A pending order will be denied in case a price level in the order does not comply with condition “Limit & Stop Levels”.

9.5 Condition “Limit & Stop Levels” assumes that pending order cannot be placed closer than within a minimal number of points against current price. The values of “Limit & Stop Levels” for each instrument are specified in the Contract Specifications.

9.6 The Client’s direction to place an order is assumed to be executed and an order is assumed to be placed after an appropriate record is made in the server’s log-file.

10. Modification and Delete of Pending Orders.

10.1 To modify the orders Buy Stop, Sell Stop, Buy Limit and Sell Limit, Client should specify price level, Take Profit value and Stop Loss value.

10.2 To modify Take Profit and/or Stop Loss attached to open position, Client should specify Take Profit value and/or Stop Loss value.

10.3 In case a pending order has been accepted for execution, it cannot be modified or deleted.

10.4 To delete Take Profit and Stop Loss, it is necessary to specify zero price value for these orders.

10.5 A direction to modify or to delete an order is assumed to be executed, and an ordered is assumed to be modified or deleted after an appropriate record has been made in the server’s log- file.

11. Execution of Orders.

11.1 Buy Stop order will be enqueued for execution in case current quote Ask has become equal or higher than order level.

11.2 Sell Stop order will be enqueued for execution in case current quote Bid has become lower than order level.

11.3 Buy Limit order will be enqueued for execution in case current quote Ask has become equal or lower than order level.

11.4 Sell Limit order will be enqueued for execution in case current quote Bid has become equal or higher than order level.

11.5 Take Profit order associated with open long position will be enqueued for execution in case current quote Bid has become equal or higher than order level.

11.6 Stop Loss order associated with open long positions will be enqued for execution in case current quote Bid has become equal or lower than order level.

11.7 Take Profit order associated with open short position will be enqueued for execution in case current quote Ask has become equal or lower than order level.

11.8 Stop Loss order associated with short position will be enqueued for execution in case current quote Ask has become equal or higher than order level.

11.9 At the moment of execution of Buy Stop, Sell Stop, Buy Limit and Sell Limit orders, checking of Client’s account for available Free Margin takes place. In case there is not enough Free Margin for position open, the order will be deleted with comment “Not enough money”.

11.10 Buy Stop, Sell Stop, Stop Loss orders will be executed at the price at the moment of order execution. Buy Limit, Sell Limit and Take Profit orders will be filled either at the exact price client set or a more favorable price in the direction of client`s trade.

11.11 Buy Stop and Sell Stop Orders with set Take Profits shall be cancelled in case of a price gap, the first quote after which is a trigger for execution of Stop Order and Take Profit set for such Order.

11.12 Pending order is considered to be executed after an appropriate record in server’s Log-file has been made.

12. Compulsory Position Close.

12.1 All open positions will be compulsory closed at the current price without any preliminary notification and Client’s agreement in case Margin Level on Client’s trading account has become equal or lower than Stop Out value.

12.2 Compulsory close of positions takes place in automatic regime and is followed by an appropriate record in server’s log-file.

12.3 In some cases, positions can be closed compulsory with obligatory notification of Client within one working day in case Margin Level in Client’s trading account has decreased below Margin Call value.
12.3.1 Margin Call value makes 60% for all accounts on MetaTrader4. MetaTrader5.

12.4 When Stop Out takes place on MetaTrader5 and cTrader platforms, the most non-profitable position will be closed. When Stop Out takes place on MetaTrader4, all positions will be closed.

13. Deposit/Withdrawal funds.

13.1 The Client has the right to deposit their trading account only using the payment systems available in “Live Account”.

13.2 The actual payment of services is deemed to be the moment when all appropriate funds are credited to the Company’s account.

13.3 The Company holds no responsibility for the result of trading operations on the Client’s account, in case there are any delays in depositing this account. The Client is solely responsible for any financial loss risks coming from possible delays in depositing funds to the Client’s trading account.

13.4 The Company has the right to cancel the Client’s deposit or withdraw earlier deposited funds if the Client’s trading account is deposited by a third party. In this case the deposited funds will be transferred back to the same bank details they were deposited from. If this occurs, the Client is charged with all costs for funds transfer. Anonymous credit cards can’t be used.

13.5 In the event the trading account is credited in any currency other than the one in which the trading account is maintained, such funds are to be credited to the trading account on the basis of an internal exchange rate adopted by the Company.

13.6 When processing a withdrawal request, the Company shall use its internal currency rates as of the time of request processing.

13.7 If the trading account cannot be credited automatically, the appropriate application will be fulfilled within 24 hours since the client’s notice on crediting the trading account is received.

13.8 In case the Client deposits their trading account by means of direct transfer to the Company’s bank details, they are obliged to leave a deposit notification in “Live Account”.

13.9 The Client may transfer funds to any payment systems set forth in Live Account in Withdrawal section.

13.10 When withdrawing funds from the trading account, the Client is charged with all costs for funds transfer.

13.11 If there is no sufficient trading volume on the trading account, withdrawals shall be made only to those payment systems, which are used to deposit this trading account. The trading volume amount which is defined as sufficient shall be set forth by the Company at its own discretion.

13.12 The Client shall be liable for validity of data specified in the withdrawal application.

13.13 The Company has the right to refuse the Client’s request for withdrawal, if the Client uses the same payment system for withdrawal and depositing, but with different bank details.

13.14 Withdrawals from the Client’s trading account shall be made within two business days after approval of the withdrawal application in Live Account.

13.15 The Company reserves the right to deduct from the account an amount paid to the Client in compensation, if the account does not embrace a sufficient trade volume or the account is used for the purpose of converting funds from one payment system into another. The quantum of a sufficient trade volume is established by the Company at its own discretion.

13.16 Those clients, who haven’t passed the complete verification, can withdraw or transfer funds deposited via credit/debit cards only upon completion of a legality check by the operator, and not earlier than within 15 days after the crediting of such funds.

13.17 Those clients, who passed the complete verification (participants of “Verified Client” program), can withdraw funds deposited via credit/debit cars without any limitations.

13.18 In case the payment system stops operating for some time, the Company has the right to postpone the date of withdrawal until the payment system resumes working.

13.19 The Company has the right to charge the Client with an additional commission if the Client uses different payment systems to deposit and withdraw funds. The amount of the commission charged to the Client is calculated based on costs paid by the Company when fulfilling the Client’s withdrawal request.CLI

13.20 In order to withdraw funds through exchange services (in cash in the exchange office), it is required to execute the application indicating valid information on the recipient: name, series and passport No.

13.21 The Company undertakes to take any and all expedient actions to preclude any illegal financial operations and money laundering with the employment of the Company’s resources.

13.22 When depositing trading account via Bank Transfer of PayPal payment system, the Client has to verify his Live Account.

13.23 The Client can withdraw funds via Bank Transfer only if he deposited his trading account via Bank Transfer as well.

13.24 When the Client deposits his trading account, the Company compensates the commission charged by the payments systems.

13.25 The Company reserves the right to deny funds withdrawal to the Client, in case the application for withdrawal contains payment details of the third parties.

14. Adjustment of Disputes.

14.1 In case Client considers that the Company has violated the terms of this Regulation, it has the right to raise a claim.

14.2 In order to raise a claim, Client should fill special form “Raise Claim” in Live Account. A ticket will be assigned to the claim. Any claims issued and raised by any other mean will not be receivable in evidence.

14.3 The Client has the right to file a claim concerning only real trading account. Claims concerning demo trading accounts will not be taken into account or processed.

14.4 When filling a claim form, Client should specify the following:
14.4.1 Client’s name or institution’s name (if a trading account was opened by a legal entity).
14.4.2 Client’s login in trading platform.
14.4.3 Tickets of disputable orders/positions.
14.4.4 Description of disputable situation with references to this Regulation’s articles, which, in Client’s judgment, were violated;

14.5 Claim should not contain offensive words or unprintable vocabulary.

14.6 Claim will not be receivable in evidence in the following cases:
14.6.1 Provided that the requirements of items 14.3 or 14.4 are broken;
14.6.2 Provided that more than 2 working days have passed after the reasons for claim appeared;
14.6.3 Provided that a difference in quotations of the Company and of some other companies or informational resources makes a reason for claim raise.
14.6.4 Provided that poor connection or its absence taken place at the Client’s side or server makes a reason for claim raise. At that, in case there is no record in the server’s log-file about Client’s attempt to place an order, it is considered that Client did not place the order.

14.7 Decision upon a claim will be issued based on the information received from server’s log file.

14.8 When using VPS server service, the Client assumes financial loss risks and is solely responsible for any trading operations on their accounts. The Company holds no responsibility for any informative, communicative, electrical and other types of failure of VPS server used by the Client.

14.9 The Client agrees that intensity of sending trading queries from his terminal to the Company’s server mustn’t create an overload, which interferes with the execution of other Clients’ orders.
14.9.1 The Company has the right to stop processing the Client’s orders in case of flagrant and constant violation of article 14.9 by the Client.

TERMS AND INTERPRETATION

Client – individual or legal entity responsible for conversion transactions under currency contracts on Company’s server.

Company – a legal entity responsible for performance of services to the Company on managing conversion arbitrage transactions under currency contracts.

Conversion arbitrage transaction – deal for buy or sell of contract for currencies. It assumes making two deals for buy and sell of the contracts of similar volume.

Contract for currencies – currency pairs available for conducting trading transactions in compliance with specification of contracts presented at the Company’s site.

Trading transaction – transaction to buy or to sell a contract for currencies.

Contract specification – transaction terms (contract size, spread, initial margin, Limit & Stop Level, etc,) for each instrument. Level, etc,) for each instrument.

Instrument – currency pair or a contract for difference.

Spread – difference between Ask and Bid quotation figured in points.

Limit & Stop Levels – minimal distance in points from the level of placed pending order and the current price.

Margin trading – making deals using credit leverage.

Leverage – ratio of margin amount and amount of transaction. Leverage 1:100 means that in order to make a transaction, it is necessary to have in your account an amount that is 100 times less than the amount of transaction.

Ask – price Client pays when buying.

Bid – price Client pays when selling.

Pending order – order to open or to close position in the future at specified price. This order is used to open transaction positions at the condition of parity of future quotation and specified level.

Amount of transaction – product of number of lots and lot volume.

Margin – cash security to support open positions.

Lot – is a unit to measure the amount of the deal.

Quotation – instrument price figured in Ask or Bid price.

Trading account – special Client’s account opened at the Company’s server to maintain the Client.

Server – set of software and hardware facilities, which are applied by the Company for processing transactions conducted by the Client in the trading account.

Client’s terminal – software facility used by Client to direct orders to make transactions.

Direction – direction of Client to open position, to close position, to place pending order, to modify or to delete pending order.

Trading account currency – currency to estimate profit or loss in trading account, and to withdraw and deposit from/to trading account.

Balance – total financial result of all complete finished transactions and operations of depositing/withdrawing assets in transaction account.

System of automatic depositing onto account – set of software and hardware facilities, which make it possible to the Client to process depositing onto the account independently of Company’s employees.

Non-market quotation – quotation, which satisfies the following conditions: existence of serious price gap and fast return of the price to the precedent level.

Price gap (Gap) – price range, within which there was no quotations.

Long position (Long) – position opened by Client in anticipation of instrument price increase.

Short position (Short) – position opened by Client in anticipation of instrument price decrease.

Locked positions – long and short positions of the same size that are open on the same instrument with the same trading account.

Hedged margin – guarantee requested by the dealer for opening and maintaining locked positions.

Ex-dividend date – the day on which all shares bought and sold no longer come attached with the right to be paid the most recently declared dividend.

Swap – charge for transferring open position to the next day. It can be positive and negative. In the Wednesday to Thursday night, the charge is threefold. Swap value for different platforms may differ.

Instant Execution – The Company, when executing an order in Instant Execution regime, takes responsibility either for executing it at the price, which was quoted in the order (i.e., using the price, which was displayed on the plot at the moment you pushed button “Buy” or “Sell”), or for not executing it at all (i.e. proposing a new price or denying execution of the order).

Market Execution – this regime assumes that your order will be executed using not a price you see on a screen, but a price which exists at the market at the moment of order execution. This price can be either better or worse than the one you saw at the plot when pushing button “Buy” or “Sell”.

Free Margin – free equity in transaction account, which can be used to open a new position. Free Margin = Equity – Margin.

Equity – current value of assets, which can be determined using the formula: Equity = Balance + Floating Profit – Floating Loss.

Margin Level – ratio of Equity and Margin presented in percent, i.e., Margin Level = (Equity/Margin)*100.

Floating Profit – unrecorded profit at open positions under the current rate values.

Floating Loss – unrecorded loss at open positions under the current rate values.

Complete finished transaction – transaction, which consists of two opposite related transactions of similar volume.

Server log-file – file created by transaction server, which records all incoming Client’s orders and the results of their execution.

Stop Out – order to compulsory position close generated by server.
Trading volume is the number of lots multiplied by lot size.

Real trading account is the Client’s trading account with deposited funds, which have cash equivalent value.

Demo trading account is the Client’s trading account with deposited funds, which have no cash equivalent value.

VPS Server (Virtual Private Server) is a service with a personal access provided to the Client by the Company’s partners. Detailed information can be found on the Company’s website in the respective section.

Bar/Candlestick is an element of the chart, which includes opening and closing prices, as well as maximum and minimum prices per fixed period of time chosen by the Client. In MetaTrader4 trading terminals, bars and candlesticks are displayed at the level of Bid price.

Chart is a tool for illustrating the price movement in graphics per fixed period of time with the help of bars/candlesticks or lines. In MetaTrader4 trading terminals, prices are displayed at the level of Bid price.

Line Chart is a type of chart, which includes a series of closing prices per fixed period of time with the current price. In MetaTrader4 and MetaTrader5 trading terminals, lines are displayed at the level of Bid price.

Desert Forex