Glossary

Balance

The amount of money that the client has in his account at a given time.

Base Currency Opposite Secondary Currency

The base currency is the currency against which the other currencies are quoted. One unit of the base currency is equal to X units of the secondary currency – and these are denoted.

Buying Rate

The quantity of units of a secondary currency that a market-maker is willing to pay for a unit of the base currency
The client will receive this rate when they sell a currency to a market-maker

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