1-DEFINITIONS

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In the agreement, unless the context requires otherwise, the following terms shall be understood as follows:

Access Codes: The email and password provided by the Client to access the Company’s electronic systems.

Account Activity: The details of the account, including executed Transactions, confirmed actions of trades, swap interest credits/debits, cash balance, account equity, margin usage, total realized and unrealized profit and loss, and the remaining available trading amount.

Account Application: The form used to apply for an Individual, Joint, or Business Trading Account, which the Customer completes via the Website or in hard-copy format.

Adviser: A program based on the MT4 algorithm used to control a Trading Account and send instructions to the Server via the Client Terminal.

Balance: The total financial result of all completed transactions and deposit/withdrawal operations in the Trading Account, excluding unrealized profits and losses.

Base Currency: The first currency in a Currency Pair, representing the currency against which the Customer buys or sells the Quote Currency.

Bid: The lower price in a quote, representing the price at which the Customer may sell. The term “Bid” is synonymous with “Sell.”

Business Day: Any day from Monday to Friday, inclusive, on which the Federal Reserve is open in New York City.

Buy: Means “Offer” in trading.

Buy Limit: An order to open a Long Position at a price lower than the price at the time the order is placed.

Buy Stop: An order to open a Long Position at a price higher than the price at the time the order is placed.

CFTC: The United States Commodity Futures Trading Commission.

Client Terminal: The MT4 Pro program used by the Customer to access financial market information (defined by Experts Coin Markets), execute Transactions, view account equity, place Orders, and receive notifications from Experts Coin Markets.

Complaint: A situation where the Customer reasonably believes that Experts Coin Markets has breached one or more terms of the Terms of Business or vice versa, or where the Customer engages in a trade at an Error Quote/Spike or before the first Quote comes to the Trading Platform at Market Opening.

Completed Transaction: Two offsetting positions of the same volume.

Contract Specifications: The principal trading terms (such as Spread, Lot Size, Leverage, Initial Margin, and trading hours) for each Instrument.

Currency Pair: A quotation of two different currencies, indicating the change in the value of one currency against the other.

Customer: A legal entity or individual who enters into a Customer Agreement with Experts Coin Markets to conduct Transactions subject to Margin Trading.

Customer Agreement: The agreement between Experts Coin Markets and the Customer governing the terms under which Experts Coin Markets conducts business with the Customer.

Dealer: An employee of Experts Coin Markets authorized to execute the Customer’s Orders.

Equity: The sum of Balance plus Floating Profit, minus Floating Loss. It is also referred to as the net liquidation value.

Error Quote/Spike: A quote error characterized by significant price or spread gaps, rapid price movements without economic indicators, or abnormal fluctuations caused by software failures or dealer errors.

Event of Default: The meaning given in paragraph 17.2 of the Customer Agreement.

Fast Market: A market where rapid price movements occur within a short period, often due to macroeconomic events, central bank decisions, or geopolitical events.

FIFO Rule: “First in, first out” rule, meaning that the first position opened must be the first position closed when holding multiple positions in the same Currency Pair.

Floating Loss: The current unrealized loss on Open Positions calculated based on the current Quotes.

Floating Profit: The current unrealized profit on Open Positions calculated based on the current Quotes.

Force Majeure Event: An event that prevents Experts Coin Markets from maintaining an orderly market, including strikes, riots, terrorism, war, natural disasters, or other force majeure events.

Free Margin: The funds on the Trading Account available to open a position. It is calculated as Equity minus Margin.

Initial Margin: The margin required by Experts Coin Markets to open a position, as defined in the Contract Specifications for each Instrument.

Instant Execution: A mechanism where Quotes are provided to the Customer without prior request, allowing Transactions to be made when the Customer sees the Quotes flow in real-time.

Instrument: Any Currency Pair.

Leverage: The use of Margin to increase potential returns. Leverage is a ratio relating to the Transaction Size and Margin, such as 1:100.

Limit Order: An order to buy or sell at a specific quantity at a defined price or better.

Long Position: A Buy position that increases in value if market prices rise.

Lot: A unit of Base Currency in the Trading Platform.

Lot Size: The number of units of the underlying asset or Base Currency in one Lot, as defined in the Contract Specifications.

Manifest Error: A mistake by a Dealer who executes a position or order at a price significantly different from the current market price.

Margin: The amount of funds required by Experts Coin Markets to maintain an Open Position, specified in the Contract Specifications.

Margin Level: The percentage or ratio of Equity to Necessary Margin, calculated as (Equity / Necessary Margin) × 100%.

Margin Trading: Leverage trading, where the Customer can make Transactions with fewer funds than the Transaction Size.

Market Opening: The time when the market opens after weekends, holidays, or trading session breaks.

Market Order: An order to buy or sell immediately at the current market price.

NFA: The United States National Futures Association.

Normal Market Conditions: A market with no significant breaks in the Quotes Flow, no rapid price movements, and no Price Gaps.

OCO (One Cancels Other): The submission of two orders where, if one order is executed, the other is automatically canceled.

Offer: The Ask price or the higher price in the Quote, representing the price at which the Customer can buy. The term “Offer” is synonymous with “Buy.”

Open Position: A Long or Short Position that has not been offset or closed.

Order: An instruction from the Customer to open, close, modify, or delete a position on the Trading Platform.

Order ID: The unique identification number assigned to each Order placed through the Trading Platform.

Pending Order: An order to open a position once the price reaches the level specified in the order.

Price Gap: A significant price difference between two consecutive prices for an Instrument.

Quote: The current price for a specific Instrument, consisting of the Bid and Offer prices.

Quote Currency: The second currency in a Currency Pair, which the Customer can buy or sell for the Base Currency.

Report/Trade Summary: A file created by the Server that records all Orders sent by the Customer and the results of their execution.

Risk Disclosure Statement: The statement included in paragraphs 1 and 2 of the Terms of Business, outlining the risks associated with trading.

Sell: Means “Bid” in trading.

Sell Limit: An order to open a Short Position at a price higher than the price at the time of placing the order.

Sell Stop: An order to open a Short Position at a price lower than the price at the time of placing the order.

Server: The MT4 Pro server program used to execute Orders and provide trading information in real-time.

Short Position: A Sell position that increases in value if market prices decrease.

Spread: The difference between the Bid and Offer prices for an Instrument.

Stop Limit: An order that becomes a Limit Order once the price specified by the Customer is reached or exceeded.

Stop Loss: A Pending Order that becomes a Market Order once the Bid or Offer reaches the predefined stop price, designed to limit a trader’s loss on a position.

Stop Order: An order to buy or sell a certain quantity if a specified price is reached or passed.

Stop Out: Closing or offsetting Open Positions without the Customer’s consent, typically due to insufficient funds to maintain the Open Positions.

Storage Swap: Funds withdrawn or added to the Client’s account to extend an open position to the next day.

Streaming Quotes: The continuous flow of Quotes for each Instrument on the Trading Platform.

Take Profit: An Order to close an open position at a more favorable price for the Customer than the price at the time the order is placed.

Terms: The meaning as outlined in paragraph 1.1 of Exhibit A, Terms of Business for MT4 Pro.

Thin Market: A market where Quotes in the Trading Platform are sparse, unlike in Normal Market Conditions.

Trading Account: The unique registration system for all Completed Transactions, Open Positions, Orders, and deposit/withdrawal transactions in the Trading Platform.

Trading Dispute: A complaint or grievance relating to a Transaction or trade executed on the Trading Platform.

Trading Platform: The programs and technical facilities that provide real-time Quotes, allow Transactions to be made, and manage the mutual obligations between the Customer and Experts Coin Markets.

Trailing Stop: A type of Stop Loss order where the Stop Loss price moves with the market price, trailing behind by a set number of points or percentage.

Transaction: Any action performed on the Client’s trading account, including deposits, withdrawals, trades, transfers, etc.

Transaction Size: Lot Size multiplied by the number of Lots.