IB raising margin every week?

wndbreak · Oct 20, 2008

Today i check margin on many emini and i noticed that Interactive Brokers raised margin on many futures by 30% again. For example NQ margin was $2750 and now its a $3750.

jwcapital · Oct 20, 2008

It's the prudent thing to do. If the banks did the same thing in 2003-2005, we wouldn't of had the financial crisis. Ironically, the margin increase is for your own good--it forces you to keep more liquid funds available. Hate to see you have to sell your house to cover a margin call, like in the 28-32 era.

stock777 · Oct 20, 2008

stop breaking wind and come up with cash, or move aside

another clown with 1 post talking trash

gotta be the same idiot over and over just looking to bash IB.

jeb9999 · Oct 20, 2008

Quote from wndbreak:

Today i check margin on many emini and i noticed that Interactive Brokers raised margin on many futures by 30% again. For example NQ margin was $2750 and now its a $3750.

It is the CME raising margins and all brokers have to follow.

ES went from $5063 to $5625, an 11% increase.

ids · Oct 20, 2008

We did not make any increases of futures margins except required by exchanges. You can find NQ initial margin requirement $3,750 right here
http://www.cmegroup.com/CmeWeb/html.wrap/wrappedpages/clearing/pbrates/PBISOutrightEQ.htm?h=2

SideShowBob · Oct 20, 2008

Quote from ids:

We did not make any increases of futures margins except required by exchanges. You can find NQ initial margin requirement $3,750 right here
http://www.cmegroup.com/CmeWeb/html.wrap/wrappedpages/clearing/pbrates/PBISOutrightEQ.htm?h=2

This is a "no facts" zone, please keep facts like yours out of this thread.

osorico · Oct 20, 2008

Quote from jeb9999:

It is the CME raising margins and all brokers have to follow.

ES went from $5063 to $5625, an 11% increase.

CME has raised equity index margins twice (so far) this quarter. Brokers are required to use exchange minimum margins for positions opened or held overnight. Intraday margins are negotiable between the brokerage, the clearing firm and the customer.

Osorico

PocketChange · Oct 20, 2008

Quote from wndbreak:

Today i check margin on many emini and i noticed that Interactive Brokers raised margin on many futures by 30% again. For example NQ margin was $2750 and now its a $3750.

You need to prepare yourself for November margin increases for trading futures. CME determines margin by a formula based on maximum loss potential.

October's margin increase for trading ES futures were based on September's 60-70 point swings and November's margin increase will be based on a few days of 100 point + swing. Guessing margins will be increased to $7500 based on volatility and max loss potential.

jeb9999 · Oct 20, 2008

Quote from osorico:

CME has raised equity index margins twice (so far) this quarter. Brokers are required to use exchange minimum margins for positions opened or held overnight. Intraday margins are negotiable between the brokerage, the clearing firm and the customer.

Osorico

Brokers are free to charge any margin at or above the exchange minimum for overnight positions.

Bob111 · Oct 24, 2008

i don't know wtf is wrong with IB..with 70K in bonds,5K cash i got zero buying power this morning before market open. i was unable to buy anything..how to hell i don't have buying power with cash on my account???
then-few minutes later-15K of buying power..every single fucking day there something wrong with IB...