Trader's Glossary

Discretionary Account

A trading account which a company or a trader handle on behalf of the account holder. A Discretionary Account is also known as Managed account or Controlled account.
Did you know?

The average daily trading volume in the foreign exchange market exceeds $5 trillion.

Word of the day
"No Dealing Desk (NDD)" - A No-Dealing-Desk broker passes its clients’ trades straight through to liquidity providers without intervening between the two parties.
Pro Tip

Do not open a real account before doing some demo-trading.