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The account total without including unrealised P&L — only changes when a trade is closed or money moves in/out.

An account denominated in cents — $10 deposit shows as $1,000 balance, letting beginners trade with realistic-feeling sizes on tiny...

A practice trading account funded with virtual money — fills, balances, and P&L are simulated.

A broker that gives clients direct access to the underlying market's order book — typical of CFD providers, less common...

Electronic Communication Network broker — routes client orders directly to a network of liquidity providers, no dealing desk.

Account balance plus unrealised P&L on open positions — the true current value of the account.

The portion of account equity not currently tied up as margin for open positions — available to open new trades.

An account that charges no swap interest — compliant with Sharia law's prohibition on riba (interest).

The multiple of your account size you're allowed to trade — 1:100 leverage means $1,000 controls $100,000 notional.

A real-money trading account funded with the trader's own capital — actual gains and losses.

The collateral required to open a position — a percentage of the notional value, set by leverage.

A broker warning that account equity has fallen close to used margin — deposit more or face liquidation.

Account equity as a percentage of used margin — the key metric brokers watch for margin calls.

A broker that takes the other side of client trades — provides liquidity in-house rather than routing to external LPs.

A broker that doesn't operate a dealing desk — orders go straight to liquidity providers. Umbrella term for ECN +...

Percentage Allocation Management Module — pooled account managed by a single trader, with profits/losses allocated by share.

The default live account type — typically commission-free with spreads marked up to compensate.

The margin level at which the broker forcibly closes losing positions to prevent further losses.

Straight-Through Processing — orders pass directly to liquidity providers, but broker may aggregate or mark up spreads.

The portion of account equity currently posted as collateral for open positions — funds you can't deploy to new trades.