Common use of Terms and Interpretation Clause in Contracts

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons.

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons. Investment Account Balance shall mean the Investment Account indicator which reflects the total deposits and withdrawals of funds on the account. It is calculated as set forth in clause 12.7.1 of these Regulations. Manager Remuneration shall mean the share of Investor profit which is paid to the Manager. The calculation of the Manager Remuneration from the profit is carried out by the Company according to the following formula: (Equity – Balance) * Fee / 100, where: Equity — Investment Account funds. Balance — Investment Account Balance. Fee — Manager Remuneration from profit made in accordance with Investment Fund settings. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Investment Account shall mean the account (or accounts) which are open and belong to the Investor and attached to the corresponding Investment Fund. Private Investment Fund shall mean a Fund which the Manager does not include in the full rating of Investment Funds in the “Investment Funds Rating”. This type of account cannot be included in the rating. Public Investment Fund shall mean a Fund which is visible to all visitors of the Company Website. This type of Fund is included in the full list of Investment Funds in the "Investment Funds Rating" and can be included in the rating. Rollover shall mean a technical procedure which takes place on all Investment Funds at the beginning of each trading hour in order to update the statistical indicators, in addition to executing requests for deposits and withdrawals. Investment Account Equity shall mean the Investment Account indicator which reflects the Balance and trading outcomes for the Investment Account in question. It is calculated as outlined in clause 12.7.2 of these Regulations.

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin Xxxxxx level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons. Investment Account Balance shall mean the Investment Account indicator which reflects the total deposits and withdrawals of funds on the account. It is calculated as set forth in clause 12.7.1 of these Regulations. Manager Remuneration shall mean the share of Investor profit which is paid to the Manager. The calculation of the Manager Remuneration from the profit is carried out by the Company according to the following formula: (Equity – Balance) * Fee / 100, where: Equity — Investment Account funds. Balance — Investment Account Balance. Fee — Manager Remuneration from profit made in accordance with Investment Fund settings. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Investment Account shall mean the account (or accounts) which are open and belong to the Investor and attached to the corresponding Investment Fund. Private Investment Fund shall mean a Fund which the Manager does not include in the full rating of Investment Funds in the “Investment Funds Rating”. This type of account cannot be included in the rating. Public Investment Fund shall mean a Fund which is visible to all visitors of the Company Website. This type of Fund is included in the full list of Investment Funds in the "Investment Funds Rating" and can be included in the rating. Rollover shall mean a technical procedure which takes place on all Investment Funds at the beginning of each trading hour in order to update the statistical indicators, in addition to executing requests for deposits and withdrawals. Investment Account Equity shall mean the Investment Account indicator which reflects the Balance and trading outcomes for the Investment Account in question. It is calculated as outlined in clause 12.7.2 of these Regulations.

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons. Investment Account Balance shall mean the Investment Account indicator which reflects the total deposits and withdrawals of funds on the account. It is calculated as set forth in clause 12.7.1 of these Regulations. Manager Remuneration shall mean the share of Investor profit which is paid to the Manager. The calculation of the Manager Remuneration from the profit is carried out by the Company according to the following formula: (Equity – Balance) * Fee / 100, where: Equity — Investment Account funds. Balance — Investment Account Balance. Fee — Manager Remuneration from profit made in accordance with Investment Fund settings. Client argeement. Version: April 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Investment Account shall mean the account (or accounts) which are open and belong to the Investor and attached to the corresponding Investment Fund. Private Investment Fund shall mean a Fund which the Manager does not include in the full rating of Investment Funds in the “Investment Funds Rating”. This type of account cannot be included in the rating. Public Investment Fund shall mean a Fund which is visible to all visitors of the Company Website. This type of Fund is included in the full list of Investment Funds in the "Investment Funds Rating" and can be included in the rating. Rollover shall mean a technical procedure which takes place on all Investment Funds at the beginning of each trading hour in order to update the statistical indicators, in addition to executing requests for deposits and withdrawals. Investment Account Equity shall mean the Investment Account indicator which reflects the Balance and trading outcomes for the Investment Account in question. It is calculated as outlined in clause 12.7.2 of these Regulations.

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Client argeement. Version: November 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Client argeement. Version: November 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin Xxxxxx level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons. Investment Account Balance shall mean the Investment Account indicator which reflects the total deposits and withdrawals of funds on the account. It is calculated as set forth in clause 12.7.1 of these Regulations. Manager Remuneration shall mean the share of Investor profit which is paid to the Manager. The calculation of the Manager Remuneration from the profit is carried out by the Company according to the following formula: (Equity – Balance) * Fee / 100, where: Equity — Investment Account funds. Balance — Investment Account Balance. Fee — Manager Remuneration from profit made in accordance with Investment Fund settings. Client argeement. Version: November 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Investment Account shall mean the account (or accounts) which are open and belong to the Investor and attached to the corresponding Investment Fund. Private Investment Fund shall mean a Fund which the Manager does not include in the full rating of Investment Funds in the “Investment Funds Rating”. This type of account cannot be included in the rating. Public Investment Fund shall mean a Fund which is visible to all visitors of the Company Website. This type of Fund is included in the full list of Investment Funds in the "Investment Funds Rating" and can be included in the rating. Rollover shall mean a technical procedure which takes place on all Investment Funds at the beginning of each trading hour in order to update the statistical indicators, in addition to executing requests for deposits and withdrawals. Investment Account Equity shall mean the Investment Account indicator which reflects the Balance and trading outcomes for the Investment Account in question. It is calculated as outlined in clause 12.7.2 of these Regulations.

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Client argeement. Version: November 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Client argeement. Version: November 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons. Investment Account Balance shall mean the Investment Account indicator which reflects the total deposits and withdrawals of funds on the account. It is calculated as set forth in clause 12.7.1 of these Regulations. Manager Remuneration shall mean the share of Investor profit which is paid to the Manager. The calculation of the Manager Remuneration from the profit is carried out by the Company according to the following formula: (Equity – Balance) * Fee / 100, where: Equity — Investment Account funds. Balance — Investment Account Balance. Fee — Manager Remuneration from profit made in accordance with Investment Fund settings. Client argeement. Version: November 2021 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Investment Account shall mean the account (or accounts) which are open and belong to the Investor and attached to the corresponding Investment Fund. Private Investment Fund shall mean a Fund which the Manager does not include in the full rating of Investment Funds in the “Investment Funds Rating”. This type of account cannot be included in the rating. Public Investment Fund shall mean a Fund which is visible to all visitors of the Company Website. This type of Fund is included in the full list of Investment Funds in the "Investment Funds Rating" and can be included in the rating. Rollover shall mean a technical procedure which takes place on all Investment Funds at the beginning of each trading hour in order to update the statistical indicators, in addition to executing requests for deposits and withdrawals. Investment Account Equity shall mean the Investment Account indicator which reflects the Balance and trading outcomes for the Investment Account in question. It is calculated as outlined in clause 12.7.2 of these Regulations.

Terms and Interpretation. Account History shall mean the list of all completed transactions and non-trading operations on the Trading Account. Advance payment shall mean a deposit of funds by the Client to the Company's payment requisites in order to pay future expenses. Ask shall mean the higher price in a quote. The price the Client may buy at. Balance shall mean the total financial result of all completed transactions and non-trading operations on the trading account. Bar, candle shall mean the element of Chart that includes opening and closing prices, as well as the highest and lowest prices for a set period of time (timeframe). Base currency shall mean the first currency in the currency pair, which the Client can purchase or sell for the quote currency. Bid shall mean the lower price in a quote. The price the Client may sell at. Chart shall mean graphic representation of quote stream for a set period of time. Maximum (high) of any bar/candle is the highest Bid for the period, minimum (low) is the lowest Bid for the period, Closing Price (close) is the last Bid of a bar/candle, Opening Price (open) is the first Bid of a bar/candle. Client shall mean a legal entity or a physical party that entered into the Agreement with the Company for carrying out trading operations with financial instruments. Client Agreement shall mean an agreement between the Client and the Company that will define mutual rights and obligations of the Parties resulting from transaction (trading operations) with financial instruments. Gap, price gap shall mean the range of prices inside which there are no quotes. Client Terminal shall mean a software product through which the Client can obtain information regarding trades on the financial markets in real-time mode, conduct technical analysis of markets, carry out trading operations, place/modify/remove orders, as well as receive messages from the Company. When building price charts in the terminal, highest and lowest prices will be set by Bid quotes. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Client Terminal log-file log-file shall mean the file created by the Client Terminal in order to record all the Client's Requests and Instructions sent to the Company's Trading Server by the Client with accuracy to a second. Closed position shall mean the result of the second part of a fully complete transaction that assumes carrying out the opposite trading operation of the same volume, which takes place after purchase of sale of a financial instrument. Client argeement. Version: October 2023 15 Forex Market Global Gateway xChief Ltd | Registration number: HY00923433 | License number: T2023379 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Company shall mean a legal entity that renders services to the Client with regard to arrangement and conducting trading operations with financial instruments. Contract specifications specifications shall mean main trading conditions (time of trade, lot size, lowest volume of a trading operation, margin, spread, swap, etc.) for each financial instrument represented on the Company's website in section "Contract Specifications". Counterparties of the Company shall mean liquidity providers, banks, brokers, and other organizations with which the Company cooperates and holds contractual relations. Currency pair shall mean a financial instrument, which constitutes the object of a trading operation. Currency of the Trading Account shall mean the currency in which profit and loss are calculated on the trading account, as well as currency in which depositing to the trading account or writing off funds from it is performed. Demo-account shall mean a learning account, whose assets do not have monetary value and represent a virtual amount. Equity shall mean monetary assets on the Client's trading account, whose size is calculated using the formula: Equity = Balance + Floating Profit - Floating Loss + Swap Financial instruments shall mean trading instruments (currency pairs, metals, etc.) available for carrying out trading operations in accordance with contract specifications. Floating Loss shall mean non-fixed loss on open positions calculated at current rates. Floating Profit Profit shall mean non-fixed profit on open positions calculated at current rates. Free margin shall mean free funds on the trading account that can be used for opening new positions. Free margin = Equity - Margin. Fully complete transaction shall mean a transaction that consists of two opposite trading operations of the same amount (opening a position and closing a position). Gap, price gap shall mean the range of prices inside which there are no quotes. Liquidity provider shall mean the Company partner: a broker, a bank or ECN, providing liquidity to the Company for hedging client transactions. Long position shall mean a purchase of an instrument on expectations of a price increase. It is applicable to currency pairs: the purchase of a base currency for the quote currency. Lot shall mean a measuring unit of volume (size) of a trading operation. Margin hedged shall mean a monetary guarantee required for opening and maintaining hedged position. Margin hedged for each financial instrument is provided in contract specifications on the Company's website. Margin level shall mean the indicator of trading account status that is indicative of sufficiency of Equity on the account for maintain open positions. It is calculated using the formula: Margin level = Equity / Margin * 100%. Client argeement. Version: January 2020 00 Xxxxx Xxxxxx Xxxxxx Xxxxxxx ForexChief Ltd; Company Number 14777 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Margin Trading shall mean leverage trading when the Client can make transactions having funds that are significantly less than the funds on his/her trading account. Open position shall mean the result of the first part of fully complete transaction that resulted in a long or short position on the trading account. Order shall mean a Client's order for opening a position, closing a position, placing a pending order, modification or removal of a pending order. Client argeement. Version: October 2023 16 Forex Market Global Gateway xChief Ltd | Registration number: HY00923433 | License number: T2023379 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Pending order shall mean a Client's order for opening or closing a position in case a future price reaches the value specified in the order. Personal Area shall mean the Client's personal page on the Company's website intended for communication with the Company, management of trading accounts, as well as carrying out non-trading operations by the Client. Quote shall mean information about the current rate of financial instrument expressed in the form of Bid and Ask. Quote currency shall mean the second currency of the currency pair, for which the Client can purchase or sell the base currency. Requote shall mean an offer of a relevant price for a trade operation in Instant Execution mode. The offer of a new price is possible in case when the market price changed and lost its relevance during the time of processing the order. Server log-file log-file shall mean the file created by the Trading Server, which records accurately to a second all the Requests and Instructions sent by the Client to the Dealer as well as the results of their processing. Server time shall mean a time zone where registration of any events in the log-file of the Trading Server takes place. Short position shall mean a sale of an instrument on expectations of a rate decrease. It is applicable to currency pairs: the sale of a base currency for the currency of a quote. Spread shall mean the difference between Ask and Bid quotes expressed in points. Stop out shall mean an order generated by the server in the automatic mode for closing Client's positions at current quotes without prior notification of the Client. It appears in cases when Margin Xxxxxx level reaches the set value (for each type of account "Stop out" level is specified in section "Account Types" on the Company's website). Swap shall mean a transfer of an open position to the next trading day. On the night from Wednesday to Thursday, triple Swap will be written off or credited from/to the trading account. The size of Swap for each financial instrument is set in contract specifications on the Company's website. Trading account shall mean a special account opened by the Client at the Company's Trading Server and intended for registering the Parties' obligations that follow from the subject matter of this Agreement. Trading operation shall mean a purchase or sale of a financial instrument by the Client. Trading Server shall mean a set of software and technical means that are used by the Company for processing and registering operations carried out by the Client on his/her trading account. Volume of trading operation shall mean the number of lots multiplied by a lot size. Working time of the Company shall mean the span of time within a working week when the Company's Trading Terminal maintains transactions with financial instruments. Exceptions are week-ends and holidays, temporary changes of the Company's internal regulations, as well as the time when it is impossible to provide services to clients due to technical reasons. Investment Account Balance shall mean the Investment Account indicator which reflects the total deposits and withdrawals of funds on the account. It is calculated as set forth in clause 12.7.1 of these Regulations. Manager Remuneration shall mean the share of Investor profit which is paid to the Manager. The calculation of the Manager Remuneration from the profit is carried out by the Company according to the following formula: (Equity – Balance) * Fee / 100, where: Equity — Investment Account funds. Balance — Investment Account Balance. Fee — Manager Remuneration from profit made in accordance with Investment Fund settings. Client argeement. Version: October 2023 17 Forex Market Global Gateway xChief Ltd | Registration number: HY00923433 | License number: T2023379 xxxx@xxxxxxxxxx.xxx; xxx.xxxxxxxxxx.xxx Investment Account shall mean the account (or accounts) which are open and belong to the Investor and attached to the corresponding Investment Fund. Private Investment Fund shall mean a Fund which the Manager does not include in the full rating of Investment Funds in the “Investment Funds Rating”. This type of account cannot be included in the rating. Public Investment Fund shall mean a Fund which is visible to all visitors of the Company Website. This type of Fund is included in the full list of Investment Funds in the "Investment Funds Rating" and can be included in the rating. Rollover shall mean a technical procedure which takes place on all Investment Funds at the beginning of each trading hour in order to update the statistical indicators, in addition to executing requests for deposits and withdrawals. Investment Account Equity shall mean the Investment Account indicator which reflects the Balance and trading outcomes for the Investment Account in question. It is calculated as outlined in clause 12.7.2 of these Regulations.