Product Description

Telefonica is a Spanish multinational broadband and telecommunications provider with operations in Europe and Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. As of May 2017, Telefonica is the 110th largest company in the world.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO MICRO VIP AUTO
Typical Spread in quote currency per unit 0.012 0.012 0.012 0.012 0.012
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 1 USD * EURUSD 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 50 lots per acco
Margin requirement 7% 7% 7% 7% 7%
Minimum Price Increment 0.001 0.001 0.001 0.001 0.001
Limit and Stop Levels 10.0 10.0 10.0 10.0 10.0
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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