Glossary

  • Proof of address (dated and posted within three months) and proof of identification.

  • Application Programming Interface.

  • The buy price.

  • Someone who forecasts prices will decline and/or a currency to depreciate.

  • The first currency in a currency cross or pair, e.g. GBP/USD, GBP is the base.

  • The interest rate set by a central bank.

  • Bank Automated Clearing System. Payments will take up to three business days to clear into a designated account.

  • The sell price.

  • Someone who forecasts prices to rise and/or a currency to appreciate.

  • An estimate of income and expenditure for a set period of time.