1.1. Client is an individual or a legal entity registered on the Company (hereinafter 'Company') website.
1.2. Introducing Broker (hereinafter 'IB') is the Client whose application for the IB status submitted via the Company's website was approved by the Company.
1.3. Referral Link is a special link to the Company's website containing a unique IB identifier. The Referral Link is the main means of attracting and tracking the Clients by the IB.
1.4. ID is the IB's unique identification number.
1.5. IB Commission is the amount payable by the Company to the IB for their clients' trading operations.
1.6. Wallet is a special account dedicated to transactions and money settlements, onto which the IB Commission is credited.
1.7. Active Client is a client who has executed at least 3 qualifying closed lots within the past 90 days.
1.8. Valid Order is a trade compliant with all the following conditions:
1.8.1. the trade lasted for 180 seconds or more
1.8.2. the difference between Open Price and Close Price of the order equals or exceeds 30 points (3 pips in 4-digit precision terms)
1.8.3. the order was not opened or closed by means of Partial Close and/or Multiple Close.
1.9. IB Tier is a status assigned to an IB that determines the applicable IB Commission rate based on the performance metrics of Active Clients and closed lots. The definitions, thresholds, and corresponding commission values associated with each IB Tier are outlined in Appendix A - Fee Schedule, which forms an integral part of this Agreement.
1.10. "Closed Lot" means a completed transaction consisting of both the opening and the corresponding closing of a position in a financial instrument. A position is considered closed once the financial instrument originally bought (long position) is sold or the financial instrument originally sold (short position) is bought back. The size of the position shall be measured in standard lots or the relevant contract size unit as defined by the trading platform.