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 | AUTO | |||||
Typical Spread in quote currency per unit | 0.04 | 0.04 | 0.04 | 0.04 | ||||
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 | 1 USD | 1 USD | 1 USD | ||||
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 | 0.01 | 0.01 | 0.01 | 0.01 | ||||
Limit and Stop Levels | 3.0 | 3.0 | 3.0 | 3.0 | ||||
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 |