IB contracts and Spread Comparisons

[harryc]

Hi guys

wonder if anyone can help me on what might seem like a dumb question .

Been looking at IB spreads against my Deal4Free spreads and they look mighty tempting ( even though they ain't Tax free , hehe )

Would I be right in assuming that 1 contract of say the Dow future is equivalent to $10 per point in spreadbet or would it only be $1 ( which i think unlikely ) , likewise is 1 S & P $10 and 1 DAX Eur 10

Would be great if someone could also tell me what the margin rates would be for each 1 contract of :

DOW
S & P
DAX

thanks in advance peeps

harry

 

[oatman]

http://www.interactivebrokers.co.uk/

 

[harryc]

thanks oatman

not being funny , but it's not made clear on their site .

or maybe I'm stupid !!

 

[oatman]

Ok, no prob. Click on the link and go to Resources, Margin.
you should find something there

 

[FatCanary]

I've been looking into this as well.

The DOW future contract is valued at $10 per contract (Mini DOW is $5). I assume the same applies to the S&P contract.

Therefore, if you buy 2 contracts, for example, this would be the equivalent of $20 per point.

HTH.

FC

 

[JonnyT]

The figures are:

S&P emini $50 per point - spread generally 0.25
Dow emini $5 per point - spread generally 1-3 points
Dax 25 Euros per point - spread ?, never traded them
FTSE £10 per point - spread generally 1-3 points
Nasdaq emini $20 per point - spread generally 0.5 points

JonnyT

 

[harryc]

thanks all

you've all been very helpful . I'm a newbie to this board , but it's the best I've been on in my 4 years of trading

keep up the good work , here is where i'll stay