Any US brokers that allow mini futures?

R. Raskolnikov · Mar 18, 2009

How many scales? 4 maybe of 1 lot each? So you need 2k for that at $500 margin. With 22k you easily cover that and then some.

Quote from 1a2b3cppp:

I said I want to scale in and out. Can't do that with 1 lots.

oraclewizard77 · Mar 18, 2009

I thought many brokers have mini-es accounts like tradestation

total_keops · Mar 18, 2009

Quote from 1a2b3cppp:

So is the answer then that no, there aren't any US based brokers that allow you to trade mini futures?

The ES is already a mini contract in itself WYI. So please, dont talk about mini futures as 0.1 the size of a mini.
What you are talking about it CFDs, Contract For Difference. Some shady market makers outside the US offer them (I have no clue how they hedge) usualy for a comish, higher spread and higher interest on margin. I say shady but some are legit respectable firms (ex; CMC markets in the UK).
And the answer is no, you can't trade that thing in the US (as long as I know), it is prohibited by your great government. For fear you could trade for a living, like the PDT rule.
I have no clue if there is a workaround.

loufah · Mar 19, 2009

Quote from 1a2b3cppp:

Losing 4 points on .1 ES = $20 who cares

You can get that kind of delta by trading a near-the-money SPY option.

1a2b3cppp · Mar 19, 2009

Hey it turns out that on March 23rd the CME is going to be releasing e-micro FX futures priced at 1/10 of a normal FX future. So like $1.25 or $1.00 per tick or so depending on what contract you're looking at.

Cool!

Surdo · Mar 19, 2009

Quote from 1a2b3c:

Hey it turns out that on March 23rd the CME is going to be releasing e-micro FX futures priced at 1/10 of a normal FX future. So like $1.25 or $1.00 per tick or so depending on what contract you're looking at.

Cool!

What does this have to do with ES?

Oh....another non sequitur!

Mr J · Mar 20, 2009

Quote from 1a2b3cppp:

Their commissions were reduced by whatever fraction of a contract you trade. So he said round trip on an ES is $12 AUD, so round trip on 0.1 ES would be $1.20.

IB offers a roundtrip for $4.80 US, or about $7 AU. Obviously doesn't help if you don't want to trade the full ES, but it does show that commissions are high. Still minimal compared to trading Aussie shares though.

1a2b3cppp · Mar 22, 2009

Quote from Surdo:

What does this have to do with ES?

Oh....another non sequitur!

it has nothing to do with ES, but it has everything to do with mini futures which was the subject of this thread.