Macatawa Bank Corp (MCBC)
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Minimum Margin, %
Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.
Commission – The service charge for executing a per-side transaction, i.e., opening or closing a position in an instrument. Depending on the instrument, the commission might be set in the per cent of trade value, or a flat rate per share.
Minimum Commission, USD
Minimum Commission – the minimum service charge applied to each transaction (the opening or closing a position) in the event that the calculated payable commission falls below the defined minimum.
Symbol – the instrument ticker in the trading platform.
Lot Size, Shares
Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).
Minimum Contract Size, Lots
Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).
Maximum Contract Size, Lots
Maximum Contract Size The maximum contract size for opening a position Lot The standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).
Contract Step, Lots
Contract Step – the minimum increment of the contract above the minimum contract size level. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base)
Dividend Adjustment per Share, USD
Dividend Adjustment per Share – amount of funds to be credited (for Buy positions) or debited (for Sell positions) in order to account for dividend payouts on underlying assets of the stock and index CFDs. Dividend adjustment payments are subject to local withholding taxes, with the rates depending on the country where the underlying share is traded. Please consult your tax advisor. Please also note that dividend adjustment values in this specification are based on forecasts provided by information agencies and may not correctly reflect resulting dividend adjustments that will be made on the basis of actual dividend payouts.
Dividend Adjustment Date
Dividend Adjustment Date – the date of the next dividend adjustment (the ex-dividend date of the underlying asset) or the last announced dividend date of the underlying asset.
Trading Platform – a trading software required to start trading this instrument.
Trading Schedule, EET
16:31 - 23:00 Mon - Fri
EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).