Futures Margin Rates

Futures Margin Rates

Description Symbol Root Initial Margin Maint. Margin Day Trading Rate
Indexes
E-MINI S&P 500 ES $5,940 $5,400 25% of initial
E-MINI MIDCAP 400 EMD $8,250 $7,500 25% of initial
MINI RUSSELL 2000 (ICE) TF $4,018 $3,653 25% of initial
E-MINI NASDAQ 100 NQ $6,380 $5,800 25% of initial
MINI RUSSELL 2000 (CME) RTY $3,465 $3,150 25% of initial
MINI DOW JONES ($5) YM $5,390 $4,900 25% of initial
NIKKEI ($ BASED) (CME) NK $5,720 $5,200 NONE
VIX VX $9,900 $9,000 NONE
CFE Bitcoin Futures XBT 66% of futures contract settlement price 60% of futures contract settlement price NONE
CME Bitcoin Futures BTC 70% of futures contract settlement price 64% of futures contract settlement price NONE
Eurex
DAX FDAX €23,409 €23,409 25% of initial
MINI-DAX FDXM €4,682 €4,682 25% of initial
DJ STOXX 50 INDEX FESX €2,489 €2,489 25% of initial
DJ STOXX 600 BANKS FSTB €1,071 €1,071 NONE
DJ STOXX 600 INDST G&S FSTG €2,066 €2,066 NONE
EURO-SCHATZ FGBS €241 €241 NONE
EURO-BOBL FGBM €993 €993 NONE
EURO-BUND FGBL €2,403 €2,403 25% of initial
EURO-OAT FOAT €2,232 €2,232 25% of initial
EURO-BUXL FGBX €4,881 €4,881 25% of initial
DJ STOXX 600 UTILITY FSTU €931 €931 25% of initial
EURONEXT LIFFE
FTSE 100 INDEX FUTURES LZ £2,353 £2,353 None
THREE MONTH EURO (EURIBOR) INTEREST RATE FUTURES LT2 €300 €300 None
THREE MONTH STERLING (SHORT STERLING) INTEREST RATE FUTURES LL £285 £285 None
THREE MONTH EURO SWISS FRANC INTEREST RATE FUTURES LF2 CHF 825 CHF 825 None
LONG GILT FUTURES LJ £2,100 £2,100 None
MEDIUM GILT FUTURES H £1,050 £1,050 None
SHORT GILT FUTURES G £640 £640 None
LONDON COCOA FUTURES CC3 £940 £940 None
LONDON ROBUSTA COFFEE FUTURES RC $840 $840 None
CURRENCIES (CME)
AUSTRALIAN DLR. AD $1,375 $1,250 50% of initial
BRITISH POUND BP $1,980 $1,800 50% of initial
CANADIAN DLR. CD $1,210 $1,100 50% of initial
EURO CURRENCY EC $2,310 $2,100 50% of initial
JAPANESE YEN JY $2,200 $2,000 50% of initial
MEXICAN PESO MP1 $1,128 $1,025 50% of initial
NEW ZEALAND DLR. NE1 $1,430 $1,300 50% of initial
SWISS FRANC SF $3,080 $2,800 50% of initial
DOLLAR INDEX (ICE) DX $1,815 $1,650 50% of initial
MINI EURO E7 $1,155 $1,050 50% of initial
MINI YEN J7 $1,100 $1,000 50% of initial
E-MICRO AUD/USD M6A $138 $125 NONE
E-MICRO GBP/USD M6B $198 $130 NONE
E-MICRO EUR/USD M6E $231 $210 NONE
INTEREST RATES (CBOT)
30-YR T-BOND US $2,365 $2,150 50% of initial
Ultra 30-YR T-BOND UB $3,410 $3,100 50% of initial
10-YR T-NOTE TY $990 $900 50% of initial
Ultra 10-YR NOTE TEN $1,320 $1,200 50% of initial
5-YR T-NOTE FV $616 $560 50% of initial
2-YR T-NOTE TU $374 $340 50% of initial
EURODOLLAR (CME) ED $165 $150 NONE
METALS
GOLD (COMEX) GC $3,410 $3,100 50% of initial
SILVER (COMEX) SI $3,960 $3,600 50% of initial
COPPER (COMEX) HG $3,410 $3,100 50% of initial
PALLADIUM (NYMEX) PA $8,250 $7,500 50% of initial
PLATINUM (NYMEX) PL $1,650 $1,500 50% of initial
MICRO GOLD (COMEX) MGC $341 $310 NONE
MINI GOLD (ICE) YG $1,901 $1,728 50% of initial
MINI SILVER (ICE) YI $1,258 $1,144 50% of initial
ENERGIES (NYMEX)
CRUDE OIL CL $2,695 $2,450 50% of initial
NATURAL GAS NG $1,320 $1,200 50% of initial
HEATING OIL HO $3,355 $3,050 50% of initial
RBOB GASOLINE RB $3,410 $3,100 50% of initial
BRENT CRUDE OIL BRN $3,300 $3,000 50% of initial
LOW SULPHUR GASOIL ULS $3,080 $2,800 NONE
E-MINY CRUDE OIL QM $1,348 $1,225 50% of initial
E-MINY NATURAL GAS QN $330 $300 NONE
E-MINY HEATING OIL QH $1,623 $1,475 NONE
E-MINY RBOB GASOLINE QU $1,540 $1,400 NONE
AGRICULTURE (CBOT)
WHEAT W $1,485 $1,350 NONE
HARD RD WINTER WHEAT KW $1,485 $1,350 NONE
CORN C $792 $720 NONE
OATS O $743 $675 NONE
SOYBEANS S $2,035 $1,850 NONE
SOYBEAN OIL BO $660 $600 NONE
SOYBEAN MEAL SM $1,815 $1,650 NONE
ROUGH RICE RR $1,210 $1,100 NONE
MILK (CME) DA $352 $320 NONE
BUTTER (CME) CB $1,045 $950 NONE
MINI WHEAT YW $297 $270 NONE
MINI CORN YC $158 $144 NONE
MINI SOYBEANS YK $407 $370 NONE
MEATS (CME)
LEAN HOGS LH $1,320 $1,200 NONE
LIVE CATTLE LC $1,650 $1,500 NONE
FEEDER CATTLE FC $3,080 $2,800 NONE
SOFTS (ICE)
COFFEE KC $2,310 $2,100 NONE
COTTON CT $2,200 $2,000 NONE
FROZEN OJ OJ $1,249 $1,136 NONE
COCOA CC $2,090 $1,900 NONE
SUGAR #11 SB $1,047 $952 NONE
OTHER
LUMBER (CME) LB $1,760 $1,600 NONE

Additional Notes for Clients Using the Reduced Intraday Margin Rate

The day trade rate is valid from 6:00 pm until 4:15 pm ET Sunday through Friday, for U.S. Equity Index Futures. Other select U.S futures markets have the day trade rate available Monday through Friday 8:00 am until 4:15 pm ET. For Eurex markets, day trade rate is valid from 3:00 am ET until session close Monday through Friday. A stop order is required at all times risking no more than half of the day trade rate. Example: E-mini S&P initial margin is $5,940. The day trade rate would be one quarter, $1,485. A stop risking no more than half (in dollar terms) would risk approximately $743. This equates to about 15 points, or 15 dollars in the ES index, and that would be the maximum stop allowed. Clients must be above initial overnight margin or out of their positions before the day trade rate ends. Please consult the trade desk for additional details.

Information furnished is taken from sources TradeStation believes are accurate. TradeStation is not responsible for any errors or omissions. To confirm any item in this schedule, please call the trade desk.

All margin calls must be met on the same day your account incurs the margin call. Margins are subject to change and/or revision at any time without prior notice. Please consult the trade desk about your account status, to request the most current rate, or for any additional questions you might have regarding margin.

SPAN margins may be applied. Margins required may vary from the published rates.

By trading on margin (sometimes also referred to as “leveraging” or “gearing”) in your futures account, you acknowledge and agree that TradeStation may, in its sole discretion, and without prior notice to you, and at any time, impose a margin call and liquidate your account, in whole or part, to meet such margin call and otherwise satisfy or offset any debit item or debit balance, or decrease or eliminate leveraging, in your account. You further acknowledge and agree that TradeStation may, in its sole discretion, and without notice to you, liquidate any delivery month contract in your account to prevent or minimize the risk of delivery, and that such liquidation may occur five or more days, depending on the contract and TradeStation’s subjective evaluation of risk, prior to the delivery date.

Futures’ trading is not suitable for all investors and involves the risk of loss. The risk of loss in futures can be substantial. You should, therefore, carefully consider whether such trading is suitable for your financial condition. No statement within this webpage should be construed as a recommendation to buy or sell a futures contract or as investment advice.

The Cboe Futures Exchange LLC (CFE) and the CME Group, Inc. (CME) have launched, or will soon launch, trading in Bitcoin futures.  The CFE futures contracts are cash-settled contracts based on the Gemini’s auction price for Bitcoin, denominated in U.S. dollars.  The CME’s futures contracts are, or will be, cash-settled contracts based on the CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (BRTI).  The specifications for each Bitcoin futures contract, including margin requirements and price fluctuation limits, can be found on the CFE and CME websites.  TradeStation reserves the right to impose more restrictive limits which may, at TradeStation’s discretion, be revised from time to time.  TradeStation also has the contractual right to liquidate all or any part of your position(s) through any means available, without prior notice to you.  The regular risks associated with trading commodity futures contracts also apply to the trading of Bitcoin futures. These risks can be viewed at the following link: https://www.tradestation.com/important-information/. Customers choosing to trade Bitcoin futures should consider additional significant risks including, but not limited to: (a) Bitcoin futures contracts have not previously traded on a U.S.-regulated futures exchange and as such, there is no futures trading history in this product; (b) The price of the underlying Bitcoin and the indexes on which the futures contracts are based are highly volatile and unpredictable based on many factors; (c) Since a limited number of futures commissions merchants may offer trading in the Bitcoin futures contracts, there might be limited volume that might impact market efficiencies and price movements; and (d) The risk of loss can be substantial and could result in a customer losing more than the initial or maintenance margin requirement.  As such, each customer should conduct his or her own due diligence prior to make a decision to trade in these products.  See the link below from the National Futures Association for more information.

https://www.nfa.futures.org/investors/investor-advisory.html

Additionally, the Commodity Futures Trading Commission (“CFTC”) has made available a Virtual Currency Resource Web Page designed to educate and inform the public about this topic and its risks.  See the link below for further information from the CFTC.

http://www.cftc.gov/bitcoin/index.html