Glossary

The price at which you can buy.

The price at which you can sell.

Ask minus bid. A primary way this firm is paid. No commission is added on top for positions.

The minimum quoted increment that the contract specifies. On USTEC, one point is one index point, not a forex pip.

The standard increment on a currency pair, usually 0.0001, or 0.01 for pairs quoted in yen.

The unit of size. 0.01 is a micro step on most of our tickets. Point value scales with lots.

Collateral posted to open a leveraged position. It is not the maximum loss.

Notional divided by margin. A convenience and a risk multiplier.

The financing adjustment applied for holding a cash CFD through the daily roll.

The daily moment, often 22:00 GMT, when funding is applied and the cash session accounting moves forward.

An order that closes at the stated price even if the market gaps. Premium charged only if activated.

The difference between a requested price and the fill, common with market and standard stop orders in fast conditions.

The full value the position references. Margin is a fraction of it.

A CFD on the spot or cash index, rather than a dated future. Financing is explicit.

A tax, levy or conversion cost tied to residency, funding currency, or venue. Itemised, not hidden in the spread.