International Consolidated Airlines Group, S.A., often shortened to IAG, is an Anglo-Spanish multinational airline holding company with its registered office in Madrid, Spain and its operational headquarters in London, UK. It was formed in January 2011 after a merger agreement between British Airways and Iberia, the flag carrier airlines of the United Kingdom and Spain respectively. As British Airways was the larger company, those holding shares in British Airways at the time of the merger were given 55% of the shares in the new, merged company. British Airways and Iberia ceased to be independent companies and instead became 100% owned subsidiaries of IAG. It is the sixth-largest airline company in the world, producing 24.406(Euros) billion revenue in 2018. The company is listed on the London Stock Exchange and the Madrid Stock Exchange. It is a constituent of the FTSE 100 Index and IBEX 35 Index
PARAMETERS | Trading Specifications per Account Type | |||||
---|---|---|---|---|---|---|
PREMIUM | ZERO | PRO | ||||
Spreads as low as | 0.15 | 0.15 | 0.15 | |||
Size of 1 lot | 100 shares | 100 shares | 100 shares | |||
Minimum Contract size, lots | 1 | 1 | 1 | |||
Maximum Contract size, lots | 50 | 50 | 50 | |||
Tick value per 1 lot | 0.01 GBP | 0.01 GBP | 0.01 GBP | |||
Volume limitation | 50 lots per account | 50 lots per account | 50 lots per account | |||
Margin requirement | 4% | 4% | 4% | |||
Minimum Price Increment | 0.01 | 0.01 | 0.01 | |||
Limit and Stop Levels | 30.0 | 30.0 | 30.0 | |||
Negative balance protection | Yes | Yes | Yes | |||
Swap free days allowance | 0 | 0 | 0 |