Agreement with the Company and has an activated trading or investor account opened in his name.
Managed account (PAMM) — a trading account that allows the Manager to use their own capital and the total capital of Investors for Management in order to make a profit.
Investor account — a non-trading account intended exclusively for withdrawing and depositing funds to a Managed account (PAMM). Each participant has a Managed account (PAMM). One investor account can be used to withdraw and Deposit funds to an unlimited number of managed accounts (PAMM).
Manager — Managed account participant, a Client of the Company who passed the registration procedure as a Manager of a Managed account.
Investor — Managed account participant, a Client of the Company who passed the registration procedure as an Investor of a Managed account.
PAMM-agent — a Client of the Company who passed the registration procedure as a PAMM agent.
Management — the Manager performs speculative trading operations on the world financial markets using the funds of the Managed account (PAMM) in the interests of Investors and for remuneration in the form of a share of the earned profit.
Manager's Offer (Offer) — the specific Manager’s offer for potential Investors to invest in the Manager’s Managed account on specific terms, and for the potential PAMM agents – to attract investments to the Manager’s Managed account for a fee.
Balance transaction — withdrawing or depositing funds to a Managed account.
Managed account balance — sum of the Manager’s Capital, Investors’ Capitals and overall result (profit or loss) of all closed trading positions on a Managed account.
Equity of Managed account — actual total amount of funds of a Managed account, calculated as the amount of Balance and current (floating) profit (or loss) on open trading positions.
Margin — funds reserved as margin collateral for open trading positions.
Free margin — funds not reserved as margin collateral for open trading positions, calculated as the difference between Equity and Margin.
Manager’s Capital – Manager’s own funds deposited to a Managed account.
Manager’s Funds – actual amount of the Manager’s own funds on a Managed account, calculated as the Manager’s share in the amount of the Managed account funds.
Investor’s Capital — Investor’s own funds deposited to a Managed account.
Investor’s Funds — actual amount of the Investor’s own funds on a Managed account, calculated as the Investor’s share in the amount of Funds of a Managed account.
Investment period — a period of time multiple of one week during which the Manager exercises Management of a Managed account and upon the expiration of which settlements and distribution of Profit and Fee between the Manager, Investors and PAMM agents take place.
Manager’s Profit — positive financial result of the Management of the Manager’s Funds.
Investor’s Income — positive financial result of the Management of the Investor’s Capital. It is subject to be distributed between the Manager and Investor upon the expiration of the Investment period.
Investor’s Profit — Investor’s Income minus the Manager’s Fee, minus penalty (if a penalty is prescribed in the Managed account offer).
Manager’s Fee — parameter of the Offer that determines the percentage of the Investor’s Profit to be paid to the Manager.
PAMM Agent’s Fee — parameter of the Offer determining the share of the Manager’s Fee payable to the PAMM agent.
Rating of Managed accounts — list of active Managed accounts on the Company’s site with the option to be rated by the main parameters (currency of account, Manager’s Capital,
total and daily profitability, Offer, etc.).
Liquidation of a Managed account — a current Managed account closure procedure initiated by the Manager or the Company.
The Time of the Company (FIBO Time, EET) — the time at which the Company’strading platform and its mobile versions operate. It meets Eastern European Time (EET).
Trading Day — any weekday when the Management of a Managed account is possible. Regarding to a Managed account service, trading days begin and end as follows (EET):
Monday: 00:35 on Monday till 00:35 on Tuesday
Tuesday: 00:35 on Tuesday till 00:35 on Wednesday
Wednesday: 00:35 on Wednesday till 00:35 on Thursday
Thursday: 00:35 on Thursday till 00:35 on Friday
Friday: 00:35 till 23:59:59 on Friday
Rollover Time — time for statistical data collection, calculations and Balance operations. Corresponds to 00:35 EET of the following days of the week: Tuesday, Wednesday, Thursday, Friday, 05:30 EET Saturday and 23:45 EET Sunday.