Mirus Futures - Margin

R

rrover

I have a few questions regarding experiences with the day-trading margins that Mirus Futures offers.

1.) Are they offered during session hours (ie: 16:30 - 16:15 on ES) or during high volume hours (ie: 9:30 - 16:00 on ES)?

2.) Do pending orders count against margin? If I have a limit order to open a new position that hasn't been triggered yet, does it still count against margin?

3.) I can't find the margin requirements on their site, are they pretty much the same as AMP?
 
Quote from rrover:

I have a few questions regarding experiences with the day-trading margins that Mirus Futures offers.

1.) Are they offered during session hours (ie: 16:30 - 16:15 on ES) or during high volume hours (ie: 9:30 - 16:00 on ES)?

2.) Do pending orders count against margin? If I have a limit order to open a new position that hasn't been triggered yet, does it still count against margin?

3.) I can't find the margin requirements on their site, are they pretty much the same as AMP?
More...

Why not email them and ask?
 
Margin isn't really set by Mirus, at the end of the day. The bottom line is set by the FCM your account is with.

I used to have Mirus w/ RCG, and have nothing but complete contempt for RCG's risk management department.
 
With Mirus* or any of the other firms that offer low intraday margins, those margins are in effect from the overnight open until the daily roll-over, which is usually sometime between 4:30 EST and 6pm (not sure exact times as I have never held positions into the close).

If you hold positions and don't have enough margin at the close, you will get a margin call and either have to pony up more money or close out the position before you can do anything else.

*My experiences is with Mirus,
 
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