IB Initial Margin on ES is 22,000

[RedDuke]

This is nuts!!! I do not trade this contract, but this is crazy

 

[trdes]

My initial went up 40% and day trade rate went up over 270%.

 

[cdcaveman]

Well they don't want to be holding the bag.... Ib is forced liquidation

 

[gaussian]

This is nuts!!! I do not trade this contract, but this is crazy

What would you do? Just let speculators with less dollars than sense gamble recklessly in a market that has had 3 successive limit down days?

 

[SanMiguel]

Trade MES if needed

 

[nonlinear5]

Did it go up again? IB page shows ES intraday initial margin as $22,282.40
https://www.interactivebrokers.com/en/index.php?f=26662

 

[RedDuke]

Did it go up again? IB page shows ES intraday initial margin as $22,282.40
https://www.interactivebrokers.com/en/index.php?f=26662

I had the same, just rounded to 22K

 

[hafez50]

Thats insane . They raised the mes from $1100 or so to $2220 ish. Many brokers were at $40 per mes intraday Then $400.

 

[Robert Morse]

hafez50-With all due respect, the front month future is limit down 128.50 points. 128.50*$50 = $6425. If you were long 1 ES future, and your account equity was below $0, I could not liquidate you right now. Would you, with your money as the FCM, take less than the CME margin right now for trading overnight with little or no liquidity?

 

[helpme_please]

This is nuts!!! I do not trade this contract, but this is crazy

Raising margin is not crazy but wise. As a customer of IB who doesn't use insane leverage, I feel safe with my money in IB.