One subject
Scams and verification
12 lessons, 21 glossary terms and 1 market guide cover this across the academy. Each one links to its own page, and nothing is repeated here.
Trading involves risk. You could lose more than your deposit.
The curriculum
12 lessons cover this.
In curriculum order, which is the order you would meet them.
- How to compare trading costs honestlyModule 04What a trade actually costs8 min
- What regulation covers and what it does notModule 05The venue and your counterparty9 min
- What segregated client money meansModule 05The venue and your counterparty9 min
- How to verify a licensed firmModule 10Staying safe and your rights9 min
- What regulation protects and what it does notModule 10Staying safe and your rights9 min
- How a trading scam is structuredModule 10Staying safe and your rights8 min
- Signal sellers and third party callsModule 10Staying safe and your rights7 min
- Trading robots and automated systemsModule 10Staying safe and your rights7 min
- Managed accounts and third party accessModule 10Staying safe and your rights7 min
- Performance claims on social mediaModule 10Staying safe and your rights7 min
- What a proprietary trading firm arrangement isModule 10Staying safe and your rights10 min
- How a complaint is raisedModule 10Staying safe and your rights7 min
The glossary
21 terms belong here.
Alphabetical, each defined in one sentence on its own page.
- AuthorisationAuthorisation is the permission a financial regulator grants to a named legal entity to carry on specified activities, held as a present tense condition that can be varied, restricted, suspended or withdrawn.
- Automated tradingTrading in which software places the orders directly, so a rule that has been coded and switched on acts on the market without a person confirming each instruction.
- BrokerA firm authorised to arrange or execute transactions in financial instruments for clients, which in retail CFD trading is also the party on the other side of every contract it writes.
- Client money segregationClient money segregation is the requirement that a licensed firm hold money belonging to clients in accounts separate from its own, reconciled regularly against what is owed to them.
- Clone firmA clone firm is an unauthorised operation that presents itself using the name, registration number or branding of a genuinely licensed firm, so that a verification check appears to succeed.
- ComplaintA complaint is an expression of dissatisfaction that a licensed firm is obliged to record, investigate and answer within a published time limit, with a route of escalation beyond the firm.
- FinfluencerA finfluencer is a social media account that publishes financial commentary or trading content to an audience, and whose posts fall inside financial promotion rules wherever the account is promoting a product.
- Funded accountA funded account is the stage of a proprietary trading firm arrangement reached after an evaluation is passed, in which a participant trades the firm's simulated capital under its rules for a share of any profit.
- Guaranteed returnA guaranteed return is a promise of a fixed profit from trading, which no licensed firm may make and no market can deliver, because a return that is certain is not a return produced by taking risk.
- Know your customer (KYC)Know your customer names the identity verification and ongoing due diligence that anti money laundering law requires a regulated firm to complete before opening an account and to repeat afterwards.
- Managed accountA managed account stays in the client's name while a third party holds written authority to trade it, so the owner still carries every loss the trading produces.
- Performance claimA performance claim is a statement about past trading results used to promote a product or a person, and it is a regulated communication that has to be fair, clear, not misleading and capable of being evidenced.
- Power of attorneyA power of attorney is a written authority letting a named third party act on an account, and its scope is set by the document rather than assumed, with trading and withdrawal rights granted separately.
- Proprietary trading firmA proprietary trading firm, in the retail sense of the phrase, sells an evaluation that a participant attempts for a fee, and shares a stated portion of any profit recorded on the simulated account that follows.
- Recovery scamA recovery scam is a second approach made to somebody who has already lost money, offering to retrieve it for an upfront fee, and it targets exactly the people a first fraud has already identified.
- Securities and Commodities Authority (SCA)The Securities and Commodities Authority is the federal regulator of securities and commodities activity in the United Arab Emirates, licensing firms, supervising their conduct and setting the client money rules they operate under.
- Segregated accountA segregated account is a bank account in which a licensed firm holds money belonging to clients apart from its own, identified at the bank as a client account and reconciled against what the firm owes.
- Survivorship biasSurvivorship bias is the distortion introduced when only the cases that lasted are available to examine, so a sample assembled from what remains describes the survivors rather than the population.
- Trading signalA trading signal is an instruction to open or close a specific position, distributed to subscribers by a third party, and it is the output of a decision with the deciding removed.
- Wire transferA wire transfer moves money directly from one bank account to another across the banking system's own settlement networks, rather than through a card scheme or a payment processor.
- Withdrawal blockA withdrawal block is the stage of a fraudulent scheme at which requests to take money out stop being met, usually behind a demand for a further payment described as a tax, a fee or a release charge.
The market guides
1 guide answers a question about it.
Standalone reference answers, entered laterally rather than worked through.
Get started
Open your account in four steps.
A clear path from sign-up to your first trade, in four steps.
No depositNo documents
01/ 04step 1 of 4
Register
A few details to get started.
No deposit to open
02/ 04step 2 of 4
Verify
Confirm your identity, securely.
ID and proof of address
03/ 04step 3 of 4
Fund
Add money by bank transfer or card.
From $0
04/ 04step 4 of 4
Trade
Go live on the platform you already know.
MetaTrader 5
