1.1 In this Agreement the following words shall have the corresponding meanings:
Account: Any transaction accounts which the Company may open for the Client on its systems to allow the Client trade in FX or CFDs as defined below.
This site is owned and operated by Juno Markets Limited, Law Partners House, Kumul Highway Port Vila, Vanuatu.
Applicable Regulations: (a) Vanuatu Financial Services Commission (VFSC) rules or any other rules of a relevant regulatory authority; (b) the Rules of the relevant Market; and (c) all other applicable laws, rules and regulations as in force from time to time in any jurisdiction.
Ask: The lowest price for which a seller is willing to sell a contract.
Balance: The total sum on the Client’s Account after the last transaction made within any period of time.
Base currency: The first currency in the currency pair.
Bid: The highest price that a buyer is willing to pay for a contract.
Business Day: Any day, other than a Saturday or a Sunday or the 25th of December, or the 1st of January.
CFDs: A spot and/or forward contract for differences in Metals, Commodities, Futures, Options, Forwards, Stocks, Indices.
Client Application Form: The application form completed by the Client to apply for the Services (via which the Company will obtain inter alia the necessary information for the identification, due diligence and categorization in accordance with international practices on know-your-client and
Contract Specifications: Each lot size or each type of underlying in a CFD or FX offered by the The company as well as all necessary trading information concerning spreads, swaps, margin requirements etc., as determined by the Company from time to time on the Website.
Currency of the Account: The currency that the Client chooses when opening an account with the Company or converted into at the Client’s choice after the opening the Account.
Currency Pair: Consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the quote currency is needed to purchase one unit of the Base Currency.
VFSC: The Vanuatu Financial Services Commission under whose authority Juno Markets Limited is permitted to operate.
FX: A contract for difference on currencies (Spot Forex).
Group Company: A legal entity that is parent, subsidiary, or affiliated in its relationship to the Company.
Login Details: The Client’s access login and password provided to the Client by the Company in order to have access to the Online Trading System and/or the Website.
Login Data: The Login Details, the Account number and any information required to place Orders with the Company in any manner.
Liquidity Providers: A third party to which the Company shall receive and transmit the order of the Client always acting as agent of the Client.
Leverage: A ratio in respect of Transaction Size and Initial Margin. 1:100 ratio means that in order to open a position, the Initial Margin is one hundred times less than the Transactions Size.
Margin: The necessary guaranteed funds to open positions or to maintain Open Positions, as determined in the Contract Specifications for each underlying in an FX or CFD.
Online Trading System: Any Software or platform used by the Company which includes the aggregate of computer devices, software, databases, telecommunication hardware, trading platform(s), making it possible for the Client to obtain information of markets in real-time, make technical analysis on the markets, enter into Transactions, place/modify/delete orders, receive notices from the Company and keep records of Transactions.
Open Position: A Deal of purchase/sale not covered by the opposite sale/ purchase of the contract.
Order: An instruction by the Client to the Company as specified in paragraph 5.9 of this Agreement.
Parties: The parties to this Agreement.
Pending order: Order for Buy or Sell at a price different from the market price.
Quote: The Bid and Ask prices of a CFD or FX Currency Pair.
Quote Currency: The second currency in the Currency Pair.
Referrer: An individual or a corporation that refers clients to Juno Markets in exchange for a Referral Fee. Also known as, but limited to, IB’s, Introducing Brokers, Affiliates or Agents.
Referral Fee: Fee paid by Juno Markets to a Referrer in exchange for referring clients.
Rules: Laws, articles, regulations, directives, procedures and customs as in force from time to time.
Services: The services provided by the Company under this Agreement as specified in paragraph 4.1.
Spread: means an indicative spread that reflects the difference between the lower and the higher figures of a quoted two-way price for a market, the difference may deviate from what is customary to the market.
Stop Out: The situation when the Client’s equity divided by balance falls below the stop out level specified for the Client’s account type where the Company will close some or all of the Client’s Open Positions at the current market price or the last available price in order to bring the Client’s equity divided by balance above the stop out level specified by the Client’s account type.
Swap or Rollover: The interest added or deducted for holding a position open overnight.
Swap Rates: The rate of the fixed portion of a swap, at which the swap will occur for one of the parties entering into a Financial Instrument.
Trade Confirmation: A message from the Company to the Client confirming the transmission for execution of the Order.
Transaction: An executed Order.
The Company: Juno Markets Limited and/or any Group Company as the Company and/or any of its trade names, such as but not limited to “Juno Markets”.
Website: www.junomarkets.com or any other website of the Company’s trade names, as the Company may from time to time notify the Client.
Your Information: Any information that the Company receives from the Client or otherwise obtains which relates to the Client, the Account or the provision or the Client’s use of the Services.