Common use of Limit Order Clause in Contracts

Limit Order. an instruction to open or close a Transaction at a price that may be available in the future Loss - shall have the meaning given to it in Section 11.5.3.2, as applicable of this Agreement. Maintenance Margin - reflects 50% of the Used Margin required to maintain Open Deals in the account. When the Equity of an account falls to a level equal to or below the Maintenance Margin, the Company will auto close the highest consuming Used Margin deal or all Open Deals under a specific instrument. Maintenance Margin = Used Margin x 0.5 Market Maker - a professional participant in the financial markets who continuously offers purchase and sale prices for a Financial Instrument in order to buy and sell respectively to Clients interested in any particular Financial Instrument. Market Order - an instruction to open or close a Transaction at the price currently indicated in the Margin – the guarantee funds required to open, hold or close a Position, as determined in the Trading Conditions. Order – Market Order, Limit Order, Call, Put. Person - a natural person or a legal entity. Position – means an outstanding Transaction for the sale or purchase of a Financial Instrument, held in the Account, which has not yet been closed. Profit- shall have the meaning ascribed to it in Section 11.5.3.1, as applicable, of this Agreement. Registration Process – the Client’s application to open an Account with the Company which includes, but not limited to, the provision of the Client’s personal and financial details and the identification and verification of the Client by the Company which shall conclude in either opening an Account or the rejection of the application. Services - the services detailed in Section 4.1 hereunder. Spread – the difference between the purchase price “ASK” (rate) and the sale price “BID” (rate) of the Trading Account – means the account which has a unique number, provided by the Company and maintained by a Client for the purposes of trading the Financial Instruments offered by the Company. Trading Conditions – the specific trading conditions published in the Company’s Website, including trading hours, minimum and maximum quantities, Corporate Actions, expiration dates, margin requirements, instrument specifications and trading rules. Trading Platform – the Company’s proprietary on-line trading system (together with any other programs, tools, services, upgrades, bug fixes and updates if any, and the underlying code thereto). Transaction(s) – either the buy or a sell of a CFD or any other Financial Instrument. Underlying Asset - any share, ETF, commodity, future contract, exchange rate, indices, or other financial instrument, which form the underlying instruments of the CFDs offered through the Trading Platform. Used Margin – the amount of funds that acts as collateral for the Client's Positions. Working Day - any day on which banks are open for business in Cyprus.

Limit Order. an instruction to open or close a Transaction at a price that may be available in the future which Loss - shall have the meaning given to it in Section 11.5.3.2, as applicable of this Agreement. Maintenance Margin - reflects 50% of the Used Margin required to maintain Open Deals in the account. When the Equity of an account falls to a level equal to or below the Maintenance Margin, the Company will auto close the highest consuming Used Margin deal or all Open Deals under a specific instrument. Maintenance Margin = Used Margin x 0.5 Market Maker - a professional participant in the financial markets who continuously offers purchase and sale prices for a Financial Instrument in order to buy and sell respectively to Clients interested in any particular Financial Instrument. Market Order - an instruction to open or close a Transaction at the price currently indicated in the platform Margin – the guarantee funds required to open, hold or close a Position, as determined in the Trading Conditions. Order – Market Order, Limit Order, Call, Put. Person - a natural person or a legal entity. Position – means an outstanding Transaction for the sale or purchase of a Financial Instrument, held in the Account, which has not yet been closed. Profit- shall have the meaning ascribed to it in Section 11.5.3.1, as applicable, of this Agreement. Registration Process – the Client’s application to open an Account with the Company which includes, but not limited to, the provision of the Client’s personal and financial details and the identification and verification of the Client by the Company which shall conclude in either opening an Account or the rejection of the application. Services - the services detailed in Section 4.1 hereunder. Spread – the difference between the purchase price “ASK” (rate) and the sale price “BID” (rate) of the same Trading Account – means the account which has a unique number, provided by the Company and maintained by a Client for the purposes of trading the Financial Instruments offered by the Company. Trading Conditions – the specific trading conditions published in the Company’s Website, including trading hours, minimum and maximum quantities, Corporate Actions, expiration dates, margin requirements, instrument specifications and trading rules. Trading Platform – the Company’s proprietary on-line trading system (together with any other programs, tools, services, upgrades, bug fixes and updates if any, and the underlying code thereto). Transaction(s) – either the buy or a sell of a CFD or any other Financial Instrument. Underlying Asset - any share, ETF, commodity, future contract, exchange rate, indices, or other financial instrument, which form the underlying instruments of the CFDs offered through the Trading Platform. Used Margin – the amount of funds that acts as collateral for the Client's Positions. Working Day - any day on which banks are open for business in Cyprus.

Limit Order. an instruction to open or close a Transaction at a price that may be available in the future which Loss - shall have the meaning given to it in Section 11.5.3.2, as applicable of this Agreement. Maintenance Margin - reflects 50% of the Used Margin required to maintain Open Deals in the account. When the Equity of an account falls to a level equal to or below the Maintenance Margin, the Company will auto close the highest consuming Used Margin deal or all Open Deals under a specific instrument. Maintenance Margin = Used Margin x 0.5 Market Maker - a professional participant in the financial markets who continuously offers purchase and sale prices for a Financial Instrument in order to buy and sell respectively to Clients interested in any particular Financial Instrument. Market Order - an instruction to open or close a Transaction at the price currently indicated in the platform which is executed in accordance with the Company’s Order Execution Policy. Margin – the guarantee funds required to open, hold or close a Position, as determined in the Trading Conditions. Order – Market Order, Limit Order, Call, Put. Person - a natural person or a legal entity. Position – means an outstanding Transaction for the sale or purchase of a Financial Instrument, held in the Account, which has not yet been closed. Profit- shall have the meaning ascribed to it in Section 11.5.3.1, as applicable, of this Agreement. Registration Process – the Client’s application to open an Account with the Company which includes, but not limited to, the provision of the Client’s personal and financial details and the identification and verification of the Client by the Company which shall conclude in either opening an Account or the rejection of the application. Services - the services detailed in Section 4.1 hereunder. Spread – the difference between the purchase price “ASK” (rate) and the sale price “BID” (rate) of the same Trading Account – means the account which has a unique number, provided by the Company and maintained by a Client for the purposes of trading the Financial Instruments offered by the Company. Trading Conditions – the specific trading conditions published in the Company’s Website, including trading hours, minimum and maximum quantities, Corporate Actions, expiration dates, margin requirements, instrument specifications and trading rules. Trading Platform – the Company’s proprietary on-line trading system (together with any other programs, tools, services, upgrades, bug fixes and updates if any, and the underlying code thereto). Transaction(s) – either the buy or a sell of a CFD or any other Financial Instrument. Underlying Asset - any share, ETF, commodity, future contract, exchange rate, indices, or other financial instrument, which form the underlying instruments of the CFDs offered through the Trading Platform. Used Margin – the amount of funds that acts as collateral for the Client's Positions. Working Day - any day on which banks are open for business in Cyprus.