Margins For Dow And Ftse Futures

[ANDRE17]

Hi all, does anyone know the exchange margins both for intraday and running overnight for one mini dow ($5) and one ftse (£10) contract please on cbot and liffe .I was told they were $1950 and $975 for dow intra and overnight and £1300 and 650 for the ftse liffe intra and onight --- I cannot find this specific info anywhere . Need it to see if its worth trading futures rather than spreadbetting which have lower margins and no tax but wider spreads ! . Also does anyone know if these exchanges pay credit interest on long account balances and approx what rate . Thank you

 

[rog1111]

As of today, exchange initial margins are $2438 for mini Dow $5(half this for intraday), and $1950 ($975) maintenance margin :

http://www.ecbot.com/cbot/pub/page/0,3181,2142,00.html#1c

For LIFFE FTSE futures (Z) its £2065 (£1032.50) initial :

http://www.euronext.com/vgn/images/...2076_Index.pdf?channelId=200488359&local=1732

Bear in mind that brokers may require higher margins

rog1111

 

[flyingeagle]

margin amount depends on your broker
i currently day trade ym ( mini dow) on $500 margin.
a few would want more and yet others would allow less
although $500 is quite common

 

[ANDRE17]

thank you Rog and flying eagle

which broker do you use who charges just 500 margin please ? thank you

 

[flyingeagle]

hi
currently i am with vcap futures
www.vcapfutures.com
although
www.lionsfutures.com
www.proactivetrading.com
also do it

happy trading

 

[ANDRE17]

thank you for the info matey