Product Description

Bank of America is an American multinational investment bank and financial services company and the second largest banking institution in the United States after JP Morgan Chase. It services approximately 10.73% of all American bank deposits, and is the 13th largest company in the world by market capitalization.


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 0.02 0.02 0.02 0.02 0.02
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
products