Product Description

American Express is one of the 30 components of the Dow Jones Industrial Average (USA30) and is best known for its charge card, credit card, and travel cheque businesses. In 2016, credit cards using the American Express network accounted for 22.9% of the total Dollar volume of credit card transactions in the US.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO MICRO VIP AUTO
Typical Spread in quote currency per unit 0.04 0.04 0.04 0.04 0.04
Size of 1 lot 100 shares 100 shares 100 shares 100 shares 100 shares
Minimum Contract size, lots 0.01 0.01 0.01 0.01 0.01
Maximum Contract size, lots 50.0 50.0 50.0 50.0 50.0
Tick value per 1 lot 0,01 USD 0,01 USD 0,01 USD 0,01 USD 0.01 USD
Volume limitation 50 lots per account 50 lots per account 50 lots per account 50 lots per account 50 lots per acco
Margin requirement 7% 7% 7% 7% 7%
Minimum Price Increment 0.01 0.01 0.01 0.01 0.01
Limit and Stop Levels 0.03 0.03 0.03 0.03 0.03
Margin Call / Stop out Level 50 % / 20% 50 % / 20% 40% / 10% 50 % / 20% 50 % / 20%
Negative balance protection Yes Yes Yes Yes Yes
Swap free days allowance 0 0 0 0 0
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