Common use of Definitions and Interpretation of Terms Clause in Contracts

Definitions and Interpretation of Terms. 2.1. Definitions in this Agreement Abnormal Trading Conditions shall include, but are not limited to, the suspension or closure of any market or the abandonment or failure of any event to which we relate or quote or the occurrence of an excessive movement in the level of any Margin Trading and/or underlying market or our reasonable anticipation of the occurrence of such a movement. Abusive Trading shall include any of the following actions such as, placing “buy stop” or “sell stop” Orders prior to the release of news relevant to the Underlying Market or Asset, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Platform, a combination of faster/slower feeds, abuse of the cancellation of trades feature available on the Platform or use (without the prior and written consent of the Company) of any robots, spiders or other automated data entry system with the Platform, the use of any software which applies artificial intelligence analysis to the Company’s systems and/or Platform(s) and/or Client Account. Access Data shall mean the account number, login, password of the Client and any other information the Company may request, which are required so as to have access on and use the Platform(s), which is required so as to place Orders via phone and/or any other secret codes and/or methods of identity verification issued from time to time by the Company to the Client. Account Opening Application Form shall mean the application form/questionnaire completed by the Client in order to apply for the Company’s Services under this Agreement and the opening of a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, his categorization and Affiliate shall mean in relation to the Company, any entity which directly or indirectly controls or is controlled by the Company, or any entity directly or indirectly under common control with the Company; and “control” means the power to direct or the presence of ground to manage the affairs of the Company or entity. Agreement shall mean this document titled “Client Agreement” together with its Appendix 1 and any other Appendices attached thereto and the documents titled “Client Categorization Policy”, “Investor Compensation Fund”, “Summary of Conflicts of Interest Policy”,” Summary Best Interest and Order Execution Policy”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Commissions, Charges and Fees Table” as these may be amended and/or supplemented from time to time. Applicable Regulations shall mean: a. The Investment Services and Activities and Regulated Markets Law 87(I) of 2017, as may be amended from time to time. b. CySEC Rules or any other rules of a relevant regulatory authority having powers over the Company; c. the Rules of the relevant Market; d. all other applicable laws, rules, and regulations of Cyprus or of the European Union. Client Account or Trading Account shall mean the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client’s money and deposit/withdrawal transactions of the Client money. The Company may offer various types of accounts and relevant information can be found on the website. Contract for Differences or CFD shall mean a contract, which is a contract for differences by reference to variations in the price of an Underlying Asset. A CFD is a Financial Instrument. Use of the term CFD in this Agreement, unless otherwise stated, must be read to include the Forex (which may be used on our Website and our marketing material). the volume, if the Client places a Pending Order (limit or stop) the Client will indicate the intended price in which the Order will go in the market and any Stop Loss and or Take Profit etc.

Definitions and Interpretation of Terms. 2.1. Definitions in this Agreement Abnormal Trading Conditions shall include, but are not limited to, the suspension or closure of any market or the abandonment or failure of any event to which we relate or quote or the occurrence of an excessive movement in the level of any Margin Trading and/or underlying market or our reasonable anticipation of the occurrence of such a movement. Abusive Trading shall include any of the following actions such as, placing “buy stop” or “sell stop” Orders prior to the release of news relevant to the Underlying Market or Asset, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Platform, a combination of faster/slower feeds, abuse of the cancellation of trades feature available on the Platform or use (without the prior and written consent of the Company) of any robots, spiders or other automated data entry system with the Platform, the use of any software which applies artificial intelligence analysis to the Company’s systems and/or Platform(s) and/or Client Account. Access Data shall mean the account number, login, password of the Client and any other information the Company may request, which are required so as to have access on and use the Platform(s), which is required so as to place Orders via phone and/or any other secret codes and/or methods of identity verification issued from time to time by the Company to the Client. Account Opening Application Form shall mean the application form/questionnaire completed by the Client in order to apply for the Company’s Services under this Agreement and the opening of a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, his categorization and Affiliate shall mean in relation to the Company, any entity which directly or indirectly controls or is controlled by the Company, or any entity directly or indirectly under common control with the Company; and “control” means the power to direct or the presence of ground to manage the affairs of the Company or entity. Agreement shall mean this document titled “Client Agreement” together with its Appendix 1 and any other Appendices attached thereto and the documents titled “Client Categorization Policy”, “Investor Compensation Fund”, “Summary of Conflicts of Interest Policy”,” Summary Best Interest and Order Execution Policy”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Commissions, Charges and Fees Table” as these may be amended and/or supplemented from time to time. Applicable Regulations shall mean: a. The Investment Services and Activities and Regulated Markets Law 87(I) of 2017, as may be amended from time to time. b. CySEC Rules or any other rules of a relevant regulatory authority having powers over the Company; c. the Rules of the relevant Market; d. all other applicable laws, rules, and regulations of Cyprus or of the European Union. Client Account or Trading Account shall mean the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client’s money and deposit/withdrawal transactions of the Client money. The Company may offer various types of accounts and relevant information can be found on the website. Contract for Differences or CFD shall mean a contract, which is a contract for differences by reference to variations in the price of an Underlying Asset. A CFD is a Financial Instrument. Use of the term CFD in this Agreement, unless otherwise stated, must be read to include the Forex (which may be used on our Website and our marketing material). the volume, if the Client places a Pending Order (limit or stop) the Client will indicate the intended price in which the Order will go in the market and any Stop Loss and or Take Profit etc.

Definitions and Interpretation of Terms. 2.1. 2.1 Definitions in this Agreement Abnormal Trading Conditions shall include, but are not limited to, the suspension or closure of any market or the abandonment or failure of any event to which we relate or quote or the occurrence of an excessive movement in the level of any Margin Trading and/or underlying market or our reasonable anticipation of the occurrence of such a movement. Abusive Trading shall include any of the following actions such as, placing “buy stop” or “sell stop” Orders prior to the release of news relevant to the Underlying Market or Asset, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Platform, a combination of faster/slower feeds, abuse of the cancellation of trades feature available on the Platform or use (without the prior and written consent of the Company) of any robots, spiders or other automated data entry system with the Platform, the use of any software which applies artificial intelligence analysis to the Company’s systems and/or Platform(s) and/or Client Account. Access Data shall mean the account number, login, password of the Client and any other information the Company may request, which are required so as to have access on and use the Platform(s), which is required so as to place Orders via phone and/or any other secret codes and/or methods of identity verification issued from time to time by the Company to the Client. Account Opening Application Form shall mean the application form/questionnaire completed by the Client in order to apply for the Company’s Services under this Agreement and the opening of a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, his categorization and Affiliate shall mean in relation to the Company, any entity which directly or indirectly controls or is controlled by the Company, or any entity directly or indirectly under common control with the Company; and “control” means the power to direct or the presence of ground to manage the affairs of the Company or entity. Agreement shall mean this document titled “Client Agreement” together with its Appendix 1 and any other Appendices attached thereto and the documents titled “Client Categorization Policy”, “Investor Compensation Fund”, “Summary of Conflicts of Interest Policy”,” Summary Best Interest and Order Execution Policy”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Commissions, Charges and Fees Table” as these may be amended and/or supplemented from time to time. Applicable Regulations shall mean: a. a) The Investment Services and Activities and Regulated Markets Law 87(I) of 2017, as may be amended from time to time. b. b) CySEC Rules or any other rules of a relevant regulatory authority having powers over the Company;. c. c) the Rules of the relevant Market;. d. d) all other applicable laws, rules, and regulations of Cyprus or of the European Union. Client Account or Trading Account shall mean the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client’s money and deposit/withdrawal transactions of the Client money. The Company may offer various types of accounts and relevant information can be found on the website. Contract for Differences or CFD shall mean a contract, which is a contract for differences by reference to variations in the price of an Underlying Asset. A CFD is a Financial Instrument. Use of the term CFD in this Agreement, unless otherwise stated, must be read to include the Forex (which may be used on our Website and our marketing material). Asset, Direction (Buy/or Sell), Opening price, Closing price, style of the Order, the volume, if the Client places a Pending Order (limit or stop) the Client will indicate the intended price in which the Order will go in the market and any Stop Loss and or Take Profit etc.

Definitions and Interpretation of Terms. 2.1. Definitions in this Agreement Abnormal Trading Conditions shall include, but are not limited to, the suspension or closure of any market or the abandonment or failure of any event to which we relate or quote or the occurrence of an excessive movement in the level of any Margin Trading and/or underlying market or our reasonable anticipation of the occurrence of such a movement. Abusive Trading shall include any of the following actions such as, placing “buy stop” or “sell stop” Orders prior to the release of news relevant to the Underlying Market or Asset, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Platform, a combination of faster/slower feeds, abuse of the cancellation of trades feature available on the Platform or use (without the prior and written consent of the Company) of any robots, spiders or other automated data entry system with the Platform, the use of any software which applies artificial intelligence analysis to the Company’s systems and/or Platform(s) and/or Client Account. Access Data shall mean the account number, login, password of the Client and any other information the Company may request, which are required so as to have access on and use the Platform(s), which is required so as to place Orders via phone and/or and any other secret codes and/or methods of identity verification issued from time to time by the Company to the Client. Account Opening Application Form shall mean the application form/questionnaire completed by the Client in order to apply for the Company’s Services under this Agreement and the opening of a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, his categorization and appropriateness or suitability (as applicable) in accordance with the Applicable Regulations. Affiliate shall mean in relation to the Company, any entity which directly or indirectly controls or is controlled by the Company, or any entity directly or indirectly under common control with the Company; and “control” means the power to direct or the presence of ground to manage the affairs of the Company or entity. Agreement shall mean this document titled “Client Agreement” together with its Appendix 1 and any other Appendices attached thereto and the documents titled “Client Categorization Policy”, “”Investor Compensation Fund”, “Summary of Conflicts of Interest Policy”,” Summary Best Interest and Order Execution Policy”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Commissions, Charges and Fees Table” as these may be amended and/or supplemented from time to time. Applicable Regulations shall mean: a. The Investment Services and Activities and Regulated Markets Law 87(I) of 2017, as may be amended from time to time. b. CySEC Rules or any other rules of a relevant regulatory authority having powers over the Company; c. b. the Rules of the relevant Market; d. c. all other applicable laws, rules, and regulations of Cyprus or of the European Union. Ask shall mean the higher price in a Quote at which the price the Client may buy. Authorized Representative shall mean the person stated in paragraph 36.1. of the Client Agreement. Balance shall mean the total financial result in the Client Account after the last Completed Transaction and depositing/withdrawal operation at any period of time. Base Currency shall mean the first currency in the Currency Pair against which the Client buys or sells the Quote Currency. Bid shall mean the lower price in a Quote at which the Client may sell. Business Day shall mean any day, other than a Saturday and a Sunday and holidays to be announced on the Company’s Website. Client Account or Trading Account shall mean the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client’s money and deposit/withdrawal transactions of the Client money. The Company may offer various types of accounts and relevant information can be found on the website. Closed Position shall mean the opposite of an Open Position. Completed Transaction in a CFD shall mean two counter deals of the same size (opening a position and closing a position): buy then sell and vice versa. Compliance Call shall have the meaning as set out in paragraph 27.1. of the Client Agreement. Contract for Differences or CFD shall mean a contract, which is a contract for differences by reference to variations in the price of an Underlying Asset. A CFD is a Financial Instrument. Use of the term CFD in this Agreement, unless otherwise stated, must be read to include the Forex (which may be used on our Website and our marketing material). Contract Specifications shall mean the principal trading terms in CFD (for example Spread, Swaps, Lot Size, Initial Margin, Necessary Margin, Hedged Margin, the minimum level for placing Stop Loss, Take Profit and Limit Orders, financing charges, charges etc.) for each type of CFD as determined by the Company from time to time. The Contract Specifications appear on the Website and/or Platform. Currency of the Client Account shall mean the currency that the Client Account is denominated in, which may be Euro or any other currency as offered by the Company from time to time. Currency Pair shall mean the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote Currency is needed to purchase one unit of the Base Currency. CySEC shall mean the Cyprus Securities and Exchange Commission, which is the Company’s supervisory authority. CySEC Rules shall mean the Rules, Directives, Regulations, Guidance notes, opinions or recommendations of CySEC. Difference shall mean the difference in price upon the opening of a Transaction and the closing of such Transaction. Equity shall mean the Balance plus or minus any Floating Profit or Loss that derives from an Open Position and shall be calculated as: Equity = Balance + Floating Profit - Floating Loss. Essential Details shall mean the required details in order for the Company to be able to place the Order including for example but not limited to the Client’s Account number, the Client’s password in the case of phone instructions, any other verification details which the Company may request, the type of Underlying Asset, Direction (Buy/or Sell), Opening price, Closing price, style of the Order, the volume, if the Client places a Pending Order (limit or stop) the Client will indicate the intended price in which the Order will go in the market and any Stop Loss and or Take Profit etc. Event of Default shall have the meaning given in paragraph 14.1. of the Client Agreement. Expert Advisor shall mean a mechanical online trading system designed to automate trading activities on an electronic trading platform. It can be programmed to alert the Client of a trading opportunity and can also trade his account automatically managing all aspects of trading operations from sending orders directly to the Platform to automatically adjusting stop loss, trailing stops and take profit levels. Execution Venue shall mean the entity defined in paragraph 6.1 of the Client Agreement. Financial Instrument shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” including without limitation CFDs. Floating Loss in a CFD shall mean current loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable). Floating Profit in a CFD shall mean current profit/loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable). Force Majeure Event shall have the meaning as set out in paragraph 27.1. of the Client Agreement. Forex shall mean the type of CFD, where the Underlying Asset is a Currency Pair. Free Margin shall mean the number of funds available in the Client’s Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin]. Hedged Margin for CFD trading shall mean the necessary margin required by the Company so as to open and maintain Matched Positions. Initial Margin for CFD trading shall mean the necessary margin required by the Company so as to open a position. Introducer shall have the meaning stated in paragraph 35.1. of the Client Agreement. Investment Services shall mean the Investment Services under the Company’s CIF license which can be found in the document titled “Company Information”. g. 1 100 ratio means that in order to open a position, the Initial Margin is one hundred times less than the Transactions Size. Long Position for CFD trading shall mean a buy position that appreciates in value if Underlying Market prices increase. For example, in respect of Currency Pairs: buying the Base Currency against the Quote Currency. Lot shall mean a unit measuring the Transaction amount specified for each Underlying Asset of a CFD. Lot Size shall mean the number Underlying Assets in one Lot in a CFD. Margin shall mean the necessary guarantee funds so as to open or maintain Open Positions in a CFD Transaction. Margin Call shall mean the situation when the Company informs the Client to deposit additional Margin when the Client does not have enough Margin to open or maintain open positions. Margin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%. Margin Trading for CFD trading shall mean Leverage trading when the Client may make Transactions having fewer funds on the Client Account in comparison with the Transaction Size. Matched Positions for CFD trading shall mean Long Positions and Short Positions of the same Transaction Size opened on the Client Account for the same CFD. Necessary Margin for CFD trading shall mean the necessary margin required by the Company so as to maintain Open Positions. Normal Market Size for CFD trading shall mean the maximum number of units of the Underlying Asset that are arranged by the Company for execution. Open Position shall mean any open option contract (call and/or put) which has not been closed. In relation to CFD trading this may be a Long Position or a Short Position which is not a Completed Transaction. Order shall mean an instruction from the Client to trade in CFDs, as the case may be. Order Level for CFD trading shall mean the price indicated in the Order. Parties shall mean the parties to this Client Agreement – i.e. the Company and the Client.

Definitions and Interpretation of Terms. 2.1. 2.1 Definitions in this Agreement Abnormal Trading Conditions shall include, but are not limited to, the suspension or closure of any market or the abandonment or failure of any event to which we relate or quote or the occurrence of an excessive movement in the level of any Margin Trading and/or underlying market or our reasonable anticipation of the occurrence of such a movement. Abusive Trading shall include any of the following actions such as, placing “buy stop” or “sell stop” Orders prior to the release of news relevant to the Underlying Market or Asset, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Platform, a combination of faster/slower feeds, abuse of the cancellation of trades feature available on the Platform or use (without the prior and written consent of the Company) of any robots, spiders or other automated data entry system with the Platform, the use of any software which applies artificial intelligence analysis to the Company’s systems and/or Platform(s) and/or Client Account. Access Data shall mean the account number, login, password of the Client and any other information the Company may request, which are required so as to have access on and use the Platform(s), which is required so as to place Orders via phone and/or any other secret codes and/or methods of identity verification issued from time to time by the Company to the Client. Account Opening Application Form shall mean the application form/questionnaire completed by the Client in order to apply for the Company’s Services under this Agreement and the opening of a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, his categorization and Affiliate shall mean in relation to the Company, any entity which directly or indirectly controls or is controlled by the Company, or any entity directly or indirectly under common control with the Company; and “control” means the power to direct or the presence of ground to manage the affairs of the Company or entity. Agreement shall mean this document titled “Client Agreement” together with its Appendix 1 and any other Appendices attached thereto and the documents titled “Client Categorization Policy”, “Investor Compensation Fund”, “Summary of Conflicts of Interest Policy”,” Summary Best Interest and Order Execution Policy”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Commissions, Charges and Fees Table” as these may be amended and/or supplemented from time to time. Applicable Regulations shall mean: a. a) The Investment Services and Activities and Regulated Markets Law 87(I) of 2017, as may be amended from time to time. b. b) CySEC Rules or any other rules of a relevant regulatory authority having powers over the Company; c. c) the Rules of the relevant Market; d. d) all other applicable laws, rules, and regulations of Cyprus or of the European Union. Client Account or Trading Account shall mean the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client’s money and deposit/withdrawal transactions of the Client money. The Company may offer various types of accounts and relevant information can be found on the website. Contract for Differences or CFD shall mean a contract, which is a contract for differences by reference to variations in the price of an Underlying Asset. A CFD is a Financial Instrument. Use of the term CFD in this Agreement, unless otherwise stated, must be read to include the Forex (which may be used on our Website and our marketing material). the volume, if the Client places a Pending Order (limit or stop) the Client will indicate the intended price in which the Order will go in the market and any Stop Loss and or Take Profit etc.

Definitions and Interpretation of Terms. 2.1. Definitions in this Agreement Abnormal Trading Conditions shall include, but are not limited to, the suspension or closure of any market or the abandonment or failure of any event to which we relate or quote or the occurrence of an excessive movement in the level of any Margin Trading and/or underlying market or our reasonable anticipation of the occurrence of such a movement. Abusive Trading shall include any of the following actions such as, placing “buy stop” or “sell stop” Orders prior to the release of news relevant to the Underlying Market or Asset, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Platform, a combination of faster/slower feeds, abuse of the cancellation of trades feature available on the Platform or use (without the prior and written consent of the Company) of any robots, spiders or other automated data entry system with the Platform, the use of any software which applies artificial intelligence analysis to the Company’s systems and/or Platform(s) and/or Client Account. Access Data shall mean the account number, login, password of the Client and any other information the Company may request, which are required so as to have access on and use the Platform(s), which is required so as to place Orders via phone and/or any other secret codes and/or methods of identity verification issued from time to time by the Company to the Client. Account Opening Application Form shall mean the application form/questionnaire completed by the Client in order to apply for the Company’s Services under this Agreement and the opening of a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, his categorization and Affiliate shall mean in relation to the Company, any entity which directly or indirectly controls or is controlled by the Company, or any entity directly or indirectly under common control with the Company; and “control” means the power to direct or the presence of ground to manage the affairs of the Company or entity. Agreement shall mean this document titled “Client Agreement” together with its Appendix 1 and any other Appendices attached thereto and the documents titled “Client Categorization Policy”, “Investor Compensation Fund”, “Summary of Conflicts of Interest Policy”,” Summary Best Interest and Order Execution Policy”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Commissions, Charges and Fees Table” as these may be amended and/or supplemented from time to time. Applicable Regulations shall mean: a. The Investment Services and Activities and Regulated Markets Law 87(I) of 2017, as may be amended from time to time. b. CySEC GBIF Rules or any other rules of a relevant regulatory authority having powers over the Company; c. the Rules of the relevant Market; d. all other applicable laws, rules, and regulations of Cyprus UK or of the European Union. Client Account or Trading Account shall mean the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client’s money and deposit/withdrawal transactions of the Client money. The Company may offer various types of accounts and relevant information can be found on the website. Contract for Differences or CFD shall mean a contract, which is a contract for differences by reference to variations in the price of an Underlying Asset. A CFD is a Financial Instrument. Use of the term CFD in this Agreement, unless otherwise stated, must be read to include the Forex (which may be used on our Website and our marketing material). the volume, if the Client places a Pending Order (limit or stop) the Client will indicate the intended price in which the Order will go in the market and any Stop Loss and or Take Profit etc.