$500 Day Trading Margins For EMINIS

volente i'm appaled and disappointed at you attacking german trader. i'm sure he learned under the great franz shoar. et is the land were all dreams come true. go bitchy
 
I know for a fact that Global has some of the best commission rates going. Not sure where this 9 dollars is coming from. I have traded the mini es, nq, & ym. For the bang for the buck I find the ym best. Why do you all choose the es?
 
Quote from vrtrop22:

I know for a fact that Global has some of the best commission rates going. Not sure where this 9 dollars is coming from. I have traded the mini es, nq, & ym. For the bang for the buck I find the ym best. Why do you all choose the es?
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I have data for October, in October average dailty volume for ES was 3600 thousands contracts, while for YM just 305 thousands...
What it means for me: if we have 2 correlated coontract than it is more reasonable to trade more "heavy" one because more heavy contract leads more light one, not vice versa.
Also volume and liqidity is very critical for scalpers... I guess no need to explain why...
 
Quote from GermanTrader:

Can you run 1000 ES at that margin for under $5 per contract?
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ibpapertraderbroker wrote on 11-15-08 06:11 PM:
We can beat $5 per contract. Your rate will be $0.00 rt to papertrade 1000 es. Please let me know if you would like to accept our offer.
 
Does anyone have a recap / listing of popular emini futures brokers and their current margin requirements per contract ?
I just discovered TOS jacked their margins up to incredible levels, without warning of course. One YM contract now requires $6500 !
 
Quote from syswizard:

Does anyone have a recap / listing of popular emini futures brokers and their current margin requirements per contract ?
I just discovered TOS jacked their margins up to incredible levels, without warning of course. One YM contract now requires $6500 !
More...

so did IB before. You can check the "brokers" reviews above. OEC and Velocity have decent reviews, but I do not know their current margins...

Is that their DAY trading margin or overnight?

Lots of brokers have $500 or so margins, but there may be a wave of brokers following this lead, never know.

Personally, I don't like small margin trader at my broker(s). I think brokers offering half the exchange margin for day trading is plenty. I think in a bad disruptive situation (Pakistani nuke, eg), it may unexpectedly imperil a broker...
 
DOW JONES (11)-MINI DOW JONES INDEX (YM)
Spec $6,500 $5,200
Hedge/Member $5,200 $5,200

Here it is...TOS is using the full exchange margin requirement even for intraday trading.
Ridiculous policy IMHO.

1/3 of overnight requirements should be the standard for daytrading.
I agree that the $500 reqs go too far in the other direction of potential disaster.
 
Quote from syswizard:

DOW JONES (11)-MINI DOW JONES INDEX (YM)
Spec $6,500 $5,200
Hedge/Member $5,200 $5,200

Here it is...TOS is using the full exchange margin requirement even for intraday trading.
Ridiculous policy IMHO.

1/3 of overnight requirements should be the standard for daytrading.
I agree that the $500 reqs go too far in the other direction of potential disaster.
More...

Most brokers I have seen charge about half daytrading margin as against overnight requirements (excepting the $300 or $500 disaster-seeking brokers)
 
Quote from trendy:

Hmmm, I saw somewhere that a firm was charging $9.96/RT for e-minis with $300 margins. They really should wear and mask and use a gun. What a fucking rip-off. Can you imagine that. 10 bucks a round turn. Who was that?.......... On yeah, now I remember. It was Global. You should be ashamed.

http://www.globalfutures.com/promo/300dtm.asp
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almost $10 per roundtrip? :eek:

So they hook ppl in with $300 margin and then body slam them with cost of roundturn....never ceases to amaze me how some brokers real in newbies...sheesh!
 
Quote from syswizard:

Does anyone have a recap / listing of popular emini futures brokers and their current margin requirements per contract ?
I just discovered TOS jacked their margins up to incredible levels, without warning of course. One YM contract now requires $6500 !
More...

Ym is $6500 margin thru TOS? Thats f%$&ing crazy !!...

I used to trade thru Openecry avg of 10-20 cars per trade...3-5 times /day commish was $4 per roundturn....$500 margin Good broker although I had some issues with them with their server going offline a few times. I've heard they have resolved the server probs.

I now trade with Mirus 30-50 cars per trade...3-5 times/day
commish just under $3 per RT and $500 margin...Ninja_Zen platform. Excellent broker highly recommended
 
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