Emini's for $500 margin?

D

dowsallwet

Does anyone know of the reputation of a online broker called daytrade4less?

Daytrade4less.com

The margin is excessively low and I'm wondering if that should throw up a red flag? Other than the usual caveat to the trader about trading futures etc.

Gus
 
Dude,

That's not a tout. It's an honest question. I was thinking about doing this but I just wanted to know if this company was legit. Or if there's anything that I should be careful about.

Rosenthal is backing them but I wonder...

That's all.

Gee such paranoia!!
 
1 contract to 49 contracts require $500 day margin for E mini SP & E mini NQ.
50+ contracts require $1000* day margin (ES & NQ).
100+ contracts require additional margin (ES & NQ)

So the more experienced you are, the more margin you need
:confused:
 
Quote from MarathonTrading:

1 contract to 49 contracts require $500 day margin for E mini SP & E mini NQ.
50+ contracts require $1000* day margin (ES & NQ).
100+ contracts require additional margin (ES & NQ)

So the more experienced you are, the more margin you need
:confused:
More...



experienced ??

:confused:
 
the ability to day trade one emini contract with 500.00 margin is a good thing. it allows anyone to trade bigger size as their experience increases, without excessive capital reserves. note this is refering to hands on day trading, it takes a little more than a hiccup for one NQ to move against you 500.00. i have not used global futures, but have tried their simulator. its a normal PAT system and works well. in addition, my research indicates that global futures ( daytrade4less.com) is a legit company.

best,

surfer
 
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