Futures margin?

thanks...can you just interpret one thing for me. what does that mean for trading es as spec $4500. need to put up $4500 to buy 1 contract?
 
Quote from webbma:
. . . need to put up $4500 to buy 1 contract?
More...
That is correct. Brokers are free to require more at any time, but they may not legally require less.
 
Quote from forex-forex:
Plus maintenance margin at $3600 per contract.
More...
Maintenance margin of $3600 means that you can have a $900 per contract drawdown before you get a margin call. Some brokers (e.g. IB) don't issue margin calls. They just dump your position without consulting you. Their standard agreement allows them to do this. You did READ that agreement didn't you?
 
Quote from rwk:

That is correct. Brokers are free to require more at any time, but they may not legally require less.
More...

This is not ENTIRELY true.

Brokers/clearing agents can require ANY AMOUNT, LOWER or HIGHER, for INTRADAY TRADING. Intraday meaning the position is closed by end of day, or more specifically, BEFORE the EXCHANGE daily accounting procedure takes place.

There are MANY brokerages that offer 50%, 25%, and even less of the EXCHANGE MINIMUM for INTRADAY TRADING. This is completely legal.

Good trading to all, and a Happy New Year!
Osorico :)
 
Quote from rwk:

Some brokers (e.g. IB) don't issue margin calls. They just dump your position without consulting you. Their standard agreement allows them to do this. You did READ that agreement didn't you?
More...

No....Because I'm miles away from any possible margin calls.
 
You must log in or register to reply here.
Back
Top