Trading terms, explained.

Plain definitions to read alongside your account conditions and each instrument’s specification.

CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›

The glossary

CFD: A contract for difference provides price exposure without ownership of the asset. Long positions benefit from rises and short positions from falls, before costs.
Spread: The difference between bid and ask prices; one of the costs of trading.
Bid and ask: The bid is the sell quote; the ask is the buy quote.
Pip: A conventional forex price unit: usually 0.0001, or commonly 0.01 for yen-quoted pairs.
Margin: Funds required to support a position, depending on instrument, volume, price and leverage.
Leverage: A margin amount supports larger exposure, magnifying gains and losses.
Margin level: Equity divided by used margin, expressed as a percentage.
Margin call: A margin-level threshold. Check account conditions; it does not guarantee personal contact before losses.
Stop-out: The point at which the system begins closing positions. It does not remove execution or loss risk.
Swap: An overnight financing charge or credit. Check the current symbol conditions.
Hedging: Holding opposing positions. The FAQ bases hedged margin on the larger leg; fully hedged does not mean no margin.
Slippage: The difference between requested and executed price. It can work for or against you.

These definitions explain terminology, not a recommended trade. Forex and CFD trading involves risk.

Plain definitions to read alongside your account conditions and each instrument’s specification.

CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›

CFD: A contract for difference provides price exposure without ownership of the asset. Long positions benefit from rises and short positions from falls, before costs.
Spread: The difference between bid and ask prices; one of the costs of trading.
Bid and ask: The bid is the sell quote; the ask is the buy quote.
Pip: A conventional forex price unit: usually 0.0001, or commonly 0.01 for yen-quoted pairs.
Margin: Funds required to support a position, depending on instrument, volume, price and leverage.
Leverage: A margin amount supports larger exposure, magnifying gains and losses.
Margin level: Equity divided by used margin, expressed as a percentage.
Margin call: A margin-level threshold. Check account conditions; it does not guarantee personal contact before losses.
Stop-out: The point at which the system begins closing positions. It does not remove execution or loss risk.
Swap: An overnight financing charge or credit. Check the current symbol conditions.
Hedging: Holding opposing positions. The FAQ bases hedged margin on the larger leg; fully hedged does not mean no margin.
Slippage: The difference between requested and executed price. It can work for or against you.

These definitions explain terminology, not a recommended trade. Forex and CFD trading involves risk.