Tickmill Group Consists of the below Entities:
Tickmill UK Ltd
Authorised and Regulated by the FCA UK
Negative Balance protection
FSCS Protection
84 Trading Instruments
Tickmill Europe Ltd
Authorised and Regulated by CySEC
Negative Balance protection
ICF Protection
84 Trading Instruments
Tickmill Ltd
Authorised and Regulated by the FSA SC
Negative Balance protection
84 Trading Instruments

The forex industry is made up of countless definitions and it’s easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we’ve compiled one which aims at explaining key definitions in the simplest way possible.

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Offer (ask) keyboard_arrow_down
The rate at which a dealer is willing to sell a currency. See Ask (offer) price
Offsetting transaction keyboard_arrow_down
A trade with which serves to cancel or offset some or all of the market risk of an open position.
One Cancels the Other Order (OCO) keyboard_arrow_down
A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled.
Open order keyboard_arrow_down
An order that will be executed when a market moves to its designated price. Normally associated with Good ’til Cancelled Orders.
Open position keyboard_arrow_down
An active trade with corresponding unrealised P&L, which has not been offset by an equal and opposite deal.
Order keyboard_arrow_down
An instruction to execute a trade at a specified rate.
Over the Counter (OTC) keyboard_arrow_down
Used to describe any transaction that is not conducted over an exchange.
Overnight Position keyboard_arrow_down
A trade that remains open until the next business day.
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Risk Warning: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.