Risk Warning: CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage.
Approximately 80% of retail client accounts lose money when trading in CFDs and spread bets.
You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

Market Order

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05/03/2026

An order to buy or sell a security immediately at the best available current price.

Ongoing charges figure (OCF)

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05/03/2026

Recurring charges covering fund management, administration, and operational costs.

Penny Stocks

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05/03/2026

Low-priced shares that are high risk but offer potential for significant gains.

Hard currency

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05/03/2026

A stable and widely accepted currency, typically from economically strong nations.

In the money

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05/03/2026

An options term indicating intrinsic value—call options above strike price, put options below.

Loss ratio

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05/03/2026

A measure used by insurers, calculated as claims paid divided by premiums earned, indicating profitability and risk efficiency.

Holding Period

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05/03/2026

The duration an investor holds an asset, impacting returns, risk, and taxes.

Income fund

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05/03/2026

A fund designed to generate regular income through dividends or interest.

Hybrid Fund

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05/03/2026

A fund that invests across equities, bonds, and cash to balance risk and returns.

Intraday Trading

Lunaro Trading Team
05/03/2026

Buying and selling financial instruments within the same trading day.