Latency is the delay between the time you send an order to the time it is received by the server. The further your message must travel, the longer it takes to get there, so the higher the latency. In trading, higher latency may result in higher slippage. 


Leverage allows traders to gain a large exposure with a relatively small outlay. This has the effect of amplifying profit or loss. A leverage of 1:100 means that to open and maintain a position the necessary margin is one hundred times less than the transaction size. 

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London InterBank Offered Rate (LIBOR) 

The interest rate charged between banks in London for short-term loans and a key benchmark that influences many other interests rate charges/products. Individual currency denominations have an associated Libor. It is produced for ten currencies with 15 maturities quoted for each, ranging from overnight to 12 months, producing 150 rates each business day. 

Limit Order 

A Limit Entry order is an order placed to either buy below the market or sell above the market at a certain price. 

Limited Risk (Controlled Risk) 

A trade which has a strictly limited maximum loss, usually by virtue of a guaranteed stop. 

Liquidity Provider 

A liquidity provider connects many brokers and traders together, increasing the liquidity of the joint market. A higher liquidity is desirable for everyone, as it drives down the spread and thus the cost of trading. Liquidity providers are often large banks and other financial institutions. 

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Lots are the standard trading term used in MT4. In FX, there are 4 common lot sizes. We do not offer nano lots. 

  • 1 Nano (0.001) Lot is 100 units of base currency 
  • 1 Micro (0.01) Lot is 1,000 units of base currency 
  • 1 Mini (0.1) Lot is 10,000 units of base currency 
  • 1 Standard (1) Lot is 100,000 units of base currency 

For details on lot sizes on other CFDs, please refer to the Product Schedules: