Clear definitions.

Advanced Encryption Standard with 256-bit keys — the current industry standard for symmetric data encryption at rest.

Anti-Money-Laundering — regulations to prevent money laundering, internationally aligned with FATF Recommendations and enforced by national financial intelligence units (FIUs) in each jurisdiction.

A monthly breakdown that allocates every contribution to return at 0.01% precision to a specific model decision, sector, or instrument.

One hundredth of a percentage point (0.01%). 100 basis points equal 1%.

Profits realized from the sale of an asset above its purchase price. Tax treatment varies by jurisdiction — consult your local tax authority for applicable rates and exemptions.

The percentage decline of a portfolio value from its last peak to the current trough. Maximum drawdown is a key risk metric.

Enhanced Due Diligence — heightened scrutiny applied to higher-risk profiles, such as PEPs or clients from high-risk jurisdictions.

Financial Action Task Force — the inter-governmental organization that sets international AML/CFT standards.

Foreign Exchange — the market for trading currencies. The most liquid market in the world, with daily volumes of approximately $7.5 trillion.

A class of data protection regulations modeled on the EU General Data Protection Regulation, providing data subject rights of access, rectification, erasure, and portability.

National schemes (such as SIPC in the US, FSCS in the UK, CIPF in Canada, or equivalents) that protect customer assets in the event of a regulated broker insolvency.

International standard for information security management systems, certified by accredited certification bodies.

Know Your Customer — the regulatory process of identifying and verifying customer identity at account opening.

Markets in Crypto-Assets — the EU regulation on crypto-assets and crypto-asset service providers, in force since December 2024.

Politically Exposed Person — an individual with a prominent public function, subject to enhanced AML due diligence requirements.

A financial institution that bundles brokerage services such as custody and credit financing for institutional clients.

A class of machine learning algorithms in which an agent learns through trial and error to make optimal decisions in an environment.

A national authority that oversees the conduct of investment firms and protects market integrity (e.g. SEC, FCA, ESMA, CIRO, ASIC).

The difference between the expected execution price of an order and the price actually achieved. Measured in basis points.

Service Organization Control 2 — a US audit framework for service providers, examining security, availability, processing integrity, confidentiality, and privacy.

Web Authentication API — an open standard for password-less authentication using cryptographic hardware keys. Phishing-resistant.