Trading with leverage (lending arm)
Leverage - the ratio between the collateral and allocated under its leverage. Instead of specifying the size of the margin indicate the size of the shoulder (arm) as a coefficient, which shows the ratio of collateral to the loan amount shall. For example, the margin requirements 20% correspond to the shoulder of 1:5 (one to five), and 1% margin requirements correspond to 1:100 (one in a hundred). In this case, we say that the merchant receives the funds to trade in 5 (or 100) times larger than the size of his security deposit.
Trading without delivery

Dealing Centre - non-bank institutions, which enable clients to trade with small amounts of capital in terms of margin trading is speculation in the foreign exchange market (Forex), as well as in markets CFD (contracts for difference). Transactions through the dealing desk are purely speculative in nature (for example, usually can not get through them currency to pay for foreign currency accounts only for its subsequent sale).

Risks

The use of leverage, not only leads to increased profitability of operations, to increase the rate of increase of capital, but also a proportional increase in the risk of multiple losses and an increase in the rate of loss.
On the fluctuation of exchange rates at the same time is influenced a lot of conflicting and divergent factors. Random temporary imbalance of forces acting can lead to significant price movements that are difficult to predict, but which may have a significant impact on the results of speculative trading, especially when using high leverage.

Peculiarities of taxation
The activities of Russian companies, providing dealing services in full, subject to Russian taxes. Dealing Center (or bank) pays income tax, and Bets - a tax on gambling (Moscow - 100 minimum wages per month with each bookmaker offices). Revenues from value-added services (training, consulting, training, etc.) are also subject to taxation on income and taxes. A foreign company pays tax on income from services rendered in Russia, only if they are provided through a permanent establishment of the company. Otherwise - Russian taxes, the company does not appear [11].

Forex (Forex, sometimes FX, from the English. FOReign EXchange - exchange of foreign currency) - the interbank foreign exchange market at free market prices ( the quotation is formed without any restrictions or fixed value). Usually, a combination of "Forex" ( eng. Forex market, FX-market). The term Forex is usually used to refer to mutual exchange, not the totality of foreign exchange transactions .
In English-speaking environment commonly referred to as Forex currency market , [1] as well as currency trading ( Eng. Trades currencies) [2]