In futures trading, depending on the capital in your account, traders can obtain lower margin requirements than other types of securities. Because of this traders can have a greater level of leverage. The lower the margin, especially Day Trading Margins, the higher the leverage and riskier the trade. Leverage can work for you as well as against you, it magnifies gains as well as losses.
Over Night Margins (or performance bonds) are set by the futures exchange. Initial margin is the amount of money you need to have in your account to establish and HOLD a position past the close of any given daily session. This margin is set by the exchange and can change at any give time.
Margins for CME Group markets can be found at our Resource Center.
Day Trade Margins, in many cases, are set by the FCM or brokerage firm. These can be in place for positions that are opened and closed in the SAME trading session. Day trade margins will magnify the risk per capital of a trade.Use day trade margins gingerly and wisely. Day trade margins are also subject to change based on market conditions. Traders experience and account size are also taken into consideration when determining day trading margins.
The following schedule is not appropriate for all traders. Please contact your customer service representative for more information.
|Day Trade Margins as of 2017|
|Stock Index (mini)||$500 per contract|
|Bonds and Notes||$500 per contract|
|Currencies||$500 - $1,500 per contract|
|Currency Micros||$100 per contract|
|Gold||$1,000 per contract|
|Silver||Call for a quote|
|Eurex (except DAX)||$500 per contract|
|Eurex - DAX||$3,000 per contract|
|Grains||$1,000 - $2,000 per contract|
|Crude Oil||$1,000 per contract|
|Other||Call for a quote|