Education Centre

A pip (percentage in point) is the smallest price move that a given exchange rate can make. For most currency pairs, a pip is 0.0001 of the quoted price.

The spread is the difference between the bid (sell) price and the ask (buy) price of an instrument. It represents the cost of the trade.

Leverage allows you to control a larger position with a smaller amount of capital. For example, 100:1 leverage means you can control $100,000 with just $1,000 in margin.

Margin is the amount of money required to open and maintain a leveraged trading position. It acts as a good-faith deposit rather than a fee.

A stop loss is an order placed to close a position at a specified price level in order to limit potential losses if the market moves against you.

A Contract for Difference (CFD) is a financial derivative that allows you to speculate on price movements of an asset without owning the underlying instrument.