Glossary

A pip is the smallest standard price increment in a forex quote, typically 0.0001 for most currency pairs and 0.01 for pairs quoted in Japanese yen.

The price an option buyer pays to the seller for the rights the contract provides, quoted per share and typically multiplied by the contract size.

The original amount of money you invest, deposit, or borrow, separate from any interest, returns, or fees earned or added over time.

A private key is the secret cryptographic code that proves ownership of cryptocurrency and authorizes transactions; whoever controls the key controls the funds.

Public broker reviews are public experience reports about a brokerage on review platforms, forums or app stores. They can reveal service patterns, but samples may be biased, outdated or fake.

A put option gives the buyer the right, but not the obligation, to sell an underlying asset at a set strike price before or at expiration.