Product Description

Santander (Banco Santander) is a Spanish multinational commercial bank and financial services company, and is the largest Spanish banking institution in the world. As of 2017-2018, Santander is the fifth largest bank in Europe with approximately US$1.4 trillion in total assets.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO MICRO AUTO
Typical Spread in quote currency per unit 0.012 0.012 0.012 0.012
Size of 1 lot 100 shares 100 shares 100 shares 100 shares
Minimum Contract size, lots 0.01 0.01 0.01 0.01
Maximum Contract size, lots 50.0 50.0 50.0 50.0
Tick value per 1 lot 1 USD * EURUSD 1 USD * EURUSD 1 USD * EURUSD 1 USD * EURUSD
Volume limitation 50 lots per account 50 lots per account 50 lots per account 50 lots per account
Margin requirement 7% 7% 7% 7%
Minimum Price Increment 0.001 0.001 0.001 0.001
Limit and Stop Levels 150.0 150.0 150.0 150.0
Margin Call / Stop out Level 50 % / 20% 50 % / 20% 40% / 10% 50 % / 20%
Negative balance protection Yes Yes Yes Yes
Swap free days allowance 0 0 0 0
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