Al Salam Bank B.S.C — S&P 500 symbol, specs and trading conditions
#US500_. Contract size is 1, minimum trade size 0.01 lots and the price quotes to 2 digits. Overnight swap is -0.23244 long / -0.19897 short. Note the broker-specific form — an EA hard-coded to US will not find #US500_.| Symbol on this broker | #US500_ |
| Platform | MT4 |
| Instrument class | index CFD |
| Contract size | 1 |
| Digits | 2 |
| Minimum lot | 0.01 |
| Lot step | 0.01 |
| Maximum lot | 25 |
| Swap long | -0.23244 |
| Swap short | -0.19897 |
| Tick value | — |
| Trade mode | Full access |
| Execution | Market |
| Fill policy | — |
| Stops level (points) | 0 |
| Freeze level (points) | 0 |
What is S&P 500 called on Al Salam Bank B.S.C?
S&P 500 is called #US500_ on Al Salam Bank B.S.C. Use that exact string in SymbolSelect() or iCustom() — MetaTrader symbol names are case-sensitive and will not resolve a close match.
Broker symbol names diverge because each one configures its own market watch. The same instrument can appear as a plain code, with a letter suffix for an account type, or under a legacy vendor name. The code above was read from Al Salam Bank B.S.C's live server, not copied from marketing material.
What is the minimum lot size for S&P 500 on Al Salam Bank B.S.C?
The minimum trade size for S&P 500 on Al Salam Bank B.S.C is 0.01 lots, and size increases in steps of 0.01 lots — 0.01 units of the underlying at minimum.
An EA that sends a volume below this, or one that is not a whole multiple of the lot step, is rejected with error 131 (invalid trade volume) — normalise your lot size against both numbers before calling OrderSend.
What is the swap on S&P 500 at Al Salam Bank B.S.C?
Al Salam Bank B.S.C charges -0.23244 to hold S&P 500 long overnight and -0.19897 to hold it short. Holding long costs more than holding short.
Swap is applied at the broker's daily rollover and is charged at triple rate on one weekday to cover the weekend. Work out the real cost for your position size with the swap carry calculator.
What is Al Salam Bank B.S.C's stops level for S&P 500?
Al Salam Bank B.S.C sets no minimum stop distance on S&P 500 — a stop loss or take profit may sit arbitrarily close to the current price.
A stop or limit closer than this is refused with error 130 (invalid stops). This is the single most common reason a working EA breaks when moved to a new broker. Check any distance against it with the stops-level checker.
Will my EA run on Al Salam Bank B.S.C for S&P 500?
On Al Salam Bank B.S.C, trading is set to Full access, orders execute in Market mode.
Market execution fills at the available price rather than requoting, so an EA does not need requote handling — but it must tolerate slippage, and stop loss / take profit usually cannot be attached in the same call.
Run the full compatibility check for this broker with the EA compatibility checker.