Interactive Brokers - How much margin?

bottomdollar · Nov 9, 2004

Hey All,
I wanna test trading DOW mini futures.. I'll be dealing with just the one contract (or perhaps two

).. just wondering how much margin (cash) I'd require in my account with IB to do this.
Many thanks
BD

FTSE Beater · Nov 9, 2004

Hiya BD

Try http://www.interactivebrokers.com/cgi-bin/margin_amer.pl?ib_entity=IB-Us

HTH

The Beyonder · Nov 9, 2004

The best thing to do is to type in a new order for 1 or 2 contracts but don't transmit.

Instead, right click and select "Check Margin", that will tell you.

oatman · Nov 9, 2004

Don't leave it so tight that you're watching the bottom line instead of the market.

bottomdollar · Nov 9, 2004

Has anyone done what the Beyonder has done to find the margin? I've just financed my account today so should be a few days before I can get into the platform!
Thanks

donaldduke · Nov 9, 2004

The intra day margin is $1250 per contract or $2500 for overnight positions.

The minium amount to open an IB account is much more than this, so you should be ok if you
are only trading one contract.

Its quite illogical that the margin for EUR which trades at 12.5 dollars per point and
regulary makes moves of 200 points intra day is almost the same as a puny YM contract and
much less than a mini ES contract.

Hittfeld · Nov 9, 2004

bottomdollar said:
Has anyone done what the Beyonder has done to find the margin? I've just financed my account today so should be a few days before I can get into the platform!
Thanks

Its the recommended procedure and I use it regularly.

Hittfeld

bottomdollar · Nov 9, 2004

Thanks guys.. much appreciated

Interactive Brokers - How much margin?

bottomdollar

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The Beyonder

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oatman

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bottomdollar

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Hittfeld

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bottomdollar

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