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Currency trading has an unusually dense vocabulary, and much of it is used loosely. A broker's marketing page will quote a “spread from 0.0 pips” without mentioning the commission that replaces it; a platform will show a margin level of 120% without explaining that 100% is where the phone call starts and 50% is where the position is closed for you. This glossary defines the terms the way a desk actually uses them.
Every entry has a one-line definition for scanning, two or three paragraphs of context for when you need the mechanics, and — wherever it helps — a worked example with real numbers. Terms are grouped into 9 categories, from order types and execution models through to central-bank jargon and the specific protections attached to each regulator's licence.
Use the search box for an instant filter across term names, abbreviations and definitions, the category pills to browse a single theme, or the A-Z bar to jump straight to a letter. If you are researching where to open an account rather than what a word means, the regulators directory covers leverage caps, compensation limits and how to verify a licence.
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Knowing what a stop-out level is matters far less than knowing whose stop-out level you are subject to. The same brand often operates several legal entities, and the leverage cap, negative balance protection and compensation scheme that apply to your account are determined by the entity that onboards you — not by the website you signed up on.
Before funding an account, look the firm up on its regulator's public register, confirm the legal entity named in your client agreement matches the one on the register, and check which activities the permission actually covers. Our regulators directory lists the register for each authority alongside the protections it enforces.