1 to 40 contracts | 41 to 50 contracts | Over 50 contracts | |
---|---|---|---|
Micro S&P (MES) | $75.00 | $250.00 | 100% of initial |
Micro Nasdaq (MNQ) | $100.00 | $300.00 | 100% of initial |
Micro Dow (MYM) | $75.00 | $250.00 | 100% of initial |
Micro Russell (M2K) | $75.00 | $250.00 | 100% of initial |
1 to 15 contracts | 16 to 30 contracts | Over 30 contracts | |
---|---|---|---|
MES, MNQ, MYM, M2K | 25% of initial | 50% of initial | 100% of initial |
1 to 10 contracts | 11 to 15 contracts | 15 to 20 contracts | Over 20 contracts | |
---|---|---|---|---|
Emini S&P (ES) | $750.00 | $1,000.00 | $3,000.00 | 100% of initial |
Emini Nasdaq (NQ) | $1,000.00 | $1,250.00 | $3,000.00 | 100% of initial |
Emini Dow (YM) | $750.00 | $1,000.00 | $3,000.00 | 100% of initial |
Emini Russell (RTY) | $750.00 | $1,000.00 | $3,000.00 | 100% of initial |
1 to 5 contracts | 6 to 10 contracts | Over 10 contracts | |
---|---|---|---|
ES, NQ, YM, RTY | 25% of initial | 50% of initial | 100% of initial |
50% initial margin (7:45 am CT to 3:30 pm CT)
Up to 20 contracts (100% margins over 20 contracts):
- Treasuries – 30yr Bond, 2yr-5yr-10yr Notes, Eurodollar
- Currencies – British Pound (6B), Japanese Yen (6J), Euro Currency (6E)
- Metals – Gold
- Grains – Corn, Soybean, Wheat, Soybean Meal, Soybean Oil
- Indices – FTSE 100, Mini-DAX
- Energies – Micro Crude Oil (MCL) and Emini Crude Oil (QM)
- Front-Month only, any contracts past the front-month will be margined at 100%
Up to 10 contracts (100% margins over 10 contracts):
- Energies – Crude Oil (GCL)
- Front-Month only, any contracts past the front-month will be margined at 100%
25% initial margin (7:45 am CT to 3:00 pm CT)
Up to 5 contracts (100% margins over 5 contracts):
- Indices – DAX (FDAX)
All other markets will be at 100% Exchange Initial Margin.
At 3:30 pm CT until the 4:00 pm close, all margins will be at the 100% level with the exception for all Crude Oil products which will be margined at 125%.
Please be aware that your account must be at full required margin at the 3:30 pm CT or your account may be liquidated.
As always, manage your risk! Contact your broker immediately should you have concerns regarding your account.
Notice: The following parameters are in effect for all Cryptocurrency contracts
- Authorization is required to trade Cryptocurrency products. Please contact your broker who will request authorization from StoneX Futures risk department.
- Day Trade Margins 7:00 am CT – 3:30 pm CT – 100% of Exchange Initial Margin
- Overnight Margins 3:30 pm CT – 7:00 am CT – The customer must have 150% of the Exchange Initial Margin to carry the position overnight. If they do not, they will be required to offset the position.
- Weekend Margins on Friday’s 3:15 pm Close – The customer must have 150% of the Exchange Initial margin to carry the position over the weekend. If they do not, they will be required to offset the position.
NFA Investor Advisory—Futures on Virtual Currencies Including Bitcoin
Notice: The following Margin Requirements are in effect for NYSE FANG+ Index Futures
- Max Position Limit per account is 5 contracts, front-month only. All other expirations are prohibited from trading.
- Day Trade Margins 8:30 am CT – 2:50 pm CT – $1,000 per contract and is subject to change should the market dictate.
- Although the market closes at 5 pm CT, volume is currently concentrated to the NYSE/NASDAQ trading hours. The customer must have 100% of the Exchange Initial Margin to carry the position past 2:50 pm CT. If they do not, they will be required to offset the position.
Please note: The day margins listed below are superseded by the policy above.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|
F | G | H | J | K | M | N | Q | U | V | X | Z |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Aussie Dollar | 6A | CME | USD 1595 | USD 1450 | USD 1595 |
Brazilian Real | 6L | CME | USD 1210 | USD 1100 | USD 1210 |
British Pound | 6B | CME | USD 2090 | USD 1900 | USD 1045 |
British Pound/Japanese Yen | PJY | CME | JPY 825000 | JPY 750000 | JPY 825000 |
Canadian Dollar | 6C | CME | USD 1100 | USD 1000 | USD 1100 |
E-Mini Euro FX | E7 | CME | USD 1155 | USD 1050 | USD 1155 |
E-mini Japanese Yen | J7 | CME | USD 1430 | USD 1300 | USD 1430 |
Euro FX | 6E | CME | USD 2310 | USD 2100 | USD 1155 |
Euro/British Pound | RP | CME | GBP 1870 | GBP 1700 | GBP 1870 |
Euro/Japanese Yen | RY | CME | JPY 550000 | JPY 500000 | JPY 550000 |
Euro/Swiss Franc | RF | CME | CHF 2860 | CHF 2600 | CHF 2860 |
Indian Rupee/USD | SIR | CME | USD 990 | USD 900 | USD 990 |
Japanese Yen | 6J | CME | USD 2860 | USD 2600 | USD 1430 |
Korean Won | KRW | CME | USD 4840 | USD 4400 | USD 4840 |
Mexican Peso | 6M | CME | USD 1265 | USD 1150 | USD 1265 |
Micro AUD/USD | M6A | CME | USD 160 | USD 145 | USD 160 |
Micro CAD/USD | MCD | CME | USD 110 | USD 100 | USD 110 |
Micro CHF/USD | MSF | CME | USD 407 | USD 370 | USD 407 |
Micro EUR/USD | M6E | CME | USD 231 | USD 210 | USD 231 |
Micro GBP/USD | M6B | CME | USD 209 | USD 190 | USD 209 |
Micro INR/USD | MIR | CME | USD 198 | USD 180 | USD 198 |
New Zealand Dollar | 6N | CME | USD 1540 | USD 1400 | USD 1540 |
Russian Ruble | 6R | CME | USD 6820 | USD 6200 | USD 6820 |
South African Rand | 6Z | CME | USD 1540 | USD 1400 | USD 1540 |
Swedish Krona | SEK | CME | USD 7040 | USD 6400 | USD 7040 |
Swiss Franc | 6S | CME | USD 4070 | USD 3700 | USD 4070 |
US Dollar Index | DX-M | ICEUS | USD 2090 | USD 1900 | USD |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Brent Last Day Financial | BZ | NYMEX | USD 7260 | USD 6600 | USD 7260 |
Crude Oil | GCL | NYMEX | USD 7260 | USD 6600 | USD 3630 |
Crude Oil TAS | CLT | NYMEX | USD 7260 | USD 6600 | USD 7260 |
E-mini Crude Oil | QM | NYMEX | USD 3630 | USD 3300 | USD 1815 |
Heating Oil | GHO | NYMEX | USD 9460 | USD 8600 | USD 9460 |
Heating Oil TAS | HOT | NYMEX | USD 9460 | USD 8600 | USD 9460 |
HH Natural Gas | GNG | NYMEX | USD 6050 | USD 5500 | USD 6050 |
HH Natural Gas miNY | QG | NYMEX | USD 1512 | USD 1375 | USD 1512 |
HH Natural Gas TAS | NGT | NYMEX | USD 6050 | USD 5500 | USD 6050 |
ICE Brent Crude Futures | NSEA-M | ICEEU | USD 7282 | USD 6620 | USD 7282 |
ICE WTI Crude Futures | WTI-M | ICEEU | USD 8833 | USD 8030 | USD 8833 |
Micro Crude Oil | MCL | NYMEX | USD 726 | USD 660 | USD 363 |
Micro Henry Hub Natural Gas | MNG | NYMEX | USD 605 | USD 550 | USD 605 |
Natural Gas Last-day | HH | NYMEX | USD 6050 | USD 5500 | USD 6050 |
RBOB Gasoline | GRB | NYMEX | USD 8690 | USD 7900 | USD 8690 |
RBOB Gasoline TAS | RBT | NYMEX | USD 8690 | USD 7900 | USD 8690 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
10 Yr US T-Note | ZN | CBOT | USD 2338 | USD 2125 | USD 1169 |
10-Year USD MAC Swap Futures | N1U | CBOT | USD 1620 | USD 1200 | USD |
2 Yr US T-Note | ZT | CBOT | USD 1320 | USD 1200 | USD 660 |
30 Day Fed Fund | ZQ | CBOT | USD 1375 | USD 1250 | USD 687.5 |
30 Yr US T-Bonds | ZB | CBOT | USD 4290 | USD 3900 | USD 2145 |
3-Yr. T-Note | Z3N | CBOT | USD 1980 | USD 1800 | USD 1980 |
5 Yr T-Note | ZF | CBOT | USD 1540 | USD 1400 | USD 770 |
5-Year USD MAC Swap | F1U | CBOT | USD 1650 | USD 1500 | USD |
CONF Fut | CONF | EUREX | EUR 3043 | EUR 3043 | EUR |
EURO BTP FUTURES | FBTP | EUREX | EUR 3595 | EUR 3595 | EUR |
EURO OAT FUTURE 8,5- 10,5 YEAR | FOAT | EUREX | EUR 3118 | EUR 3118 | EUR |
EuroBobl | FGBM | EUREX | EUR 1594 | EUR 1594 | EUR |
EuroBund | FGBL | EUREX | EUR 3199 | EUR 3199 | EUR |
Euro-Buxl | FGBX | EUREX | EUR 7388 | EUR 7388 | EUR |
Micro 10-Year Yield | 10Y | CBOT | USD 352 | USD 320 | USD 352 |
Micro Ultra 10-Year U.S. Treasury Note | MTN | CBOT | USD 308 | USD 280 | USD 308 |
Micro Ultra U.S. Treasury Bond | MWN | CBOT | USD 654 | USD 595 | USD 654 |
One-Month SOFR Futures | SR1 | CME | USD 1375 | USD 1250 | USD 1375 |
Schatz | FGBS | EUREX | EUR 787 | EUR 787 | EUR |
Short-Term Euro-BTP Futures | FBTS | EUREX | EUR 975 | EUR 975 | EUR |
Small 10YR US Treasury Yield | S10Y | SMFE | USD 341 | USD 310 | USD 341 |
Small 2YR US Treasury Yield | S2Y | SMFE | USD 588 | USD 535 | USD 588 |
Small 30YR US Treasury Yield | S30Y | SMFE | USD 270 | USD 245 | USD 270 |
Three-Month SOFR Futures | SR3 | CME | USD 935 | USD 850 | USD 935 |
Ultra 10-Year Note | TN | CBOT | USD 3080 | USD 2800 | USD 3080 |
Ultra T-Bond | UB | CBOT | USD 6545 | USD 5950 | USD 6545 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Bloomberg Commodity Index | AW | CBOT | USD 880 | USD 800 | USD |
CBOT Bean Oil TAS | ZLT | CBOT | USD 1870 | USD 1700 | USD |
CBOT Corn TAS | ZCT | CBOT | USD 1320 | USD 1200 | USD 1320 |
CBOT Soybean TAS | ZST | CBOT | USD 2530 | USD 2300 | USD |
CBOT Soymeal TAS | ZMT | CBOT | USD 2035 | USD 1850 | USD |
CBOT Wheat TAS | ZWT | CBOT | USD 2090 | USD 1900 | USD |
Corn | ZC | CBOT | USD 1430 | USD 1300 | USD 715 |
Corn | EMA | EURCMD | EUR 1525 | EUR 1525 | EUR 1525 |
European Durum Wheat Futures | EDW | EURCMD | EUR 5000 | EUR 5000 | EUR |
KC Wheat | KE | CBOT | USD 2200 | USD 2000 | USD |
Milling Wheat | EBM | EURCMD | EUR 1408 | EUR 1408 | EUR |
Mini Corn | XC | CBOT | USD 286 | USD 260 | USD 286 |
Mini Soybeans | XB | CBOT | USD 528 | USD 480 | USD 528 |
Mini Wheat | XW | CBOT | USD 440 | USD 400 | USD |
Minneapolis Wheat | MWE | MGE | USD 2750 | USD 2500 | USD |
Oats | ZO | CBOT | USD 1540 | USD 1400 | USD 1540 |
Rapeseed (EUR) | ECO | EURCMD | EUR 2780 | EUR 2780 | EUR 2780 |
Rough Rice | ZR | CBOT | USD 1518 | USD 1380 | USD 1518 |
Soybean Oil | ZL | CBOT | USD 1980 | USD 1800 | USD 990 |
Soybeans | ZS | CBOT | USD 2640 | USD 2400 | USD 1320 |
Soymeal | ZM | CBOT | USD 2090 | USD 1900 | USD 1045 |
UK Feed Wheat | WHT | ICEEUAP | GBP 4111 | GBP 3737 | GBP |
Wheat | ZW | CBOT | USD 2200 | USD 2000 | USD |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
CAC 40 Index | FCE | EUREID | EUR 5500 | EUR 5500 | EUR 2750 |
CBOE Volatility Index (VIX) | VX | CFE | USD 6094 | USD 5540 | USD |
CME Bitcoin Futures | BTC | CME | USD 87120 | USD 79200 | USD |
CME Ether Futures | ETH | CME | USD 47740 | USD 43400 | USD |
CME Micro Bitcoin | MBT | CME | USD 1738 | USD 1580 | USD |
DAX | FDAX | EUREX | EUR 30994 | EUR 30994 | EUR |
DJ Real Estate Futures | RE | CBOT | USD 2310 | USD 2100 | USD |
DJ STOXX 50 Index | FSTX | EUREX | EUR 2729 | EUR 2729 | EUR 3314 |
E-Mini Dow $5 | YM | CBOT | USD 9240 | USD 8400 | USD 750 |
E-Mini NASDAQ 100 | NQ | CME | USD 19470 | USD 17700 | USD 1000 |
E-mini Russell 2000 Index | RTY | CME | USD 7150 | USD 6500 | USD 750 |
E-Mini S&P 500 | ES | CME | USD 12980 | USD 11800 | USD 750 |
E-Mini S&P MIDCAP 400 | EMD | CME | USD 16610 | USD 15100 | USD 15840 |
Euro STOXX 50 Index | FESX | EUREX | EUR 3189 | EUR 3189 | EUR 4006 |
Micro Dax | FDXS | EUREX | EUR 1240 | EUR 1240 | EUR 1529 |
Micro E-mini Dow | MYM | CBOT | USD 924 | USD 840 | USD 75 |
Micro E-mini Nasdaq-100 | MNQ | CME | USD 1947 | USD 1770 | USD 75 |
Micro E-mini Russell 2000 | M2K | CME | USD 715 | USD 650 | USD 75 |
Micro E-mini S&P 500 | MES | CME | USD 1298 | USD 1180 | USD 75 |
Micro Ether | MET | CME | USD 99 | USD 90 | USD |
MICRO NYSE Fang+ Index | FNG | ICEUSRP | USD 2064 | USD 1876 | USD 2064 |
Micro-EURO STOXX 50 | FSXE | EUREX | EUR 319 | EUR 319 | EUR 401 |
Mini Cboe Volatility Index Futures | VXM | CFE | USD 609 | USD 554 | USD |
Mini Dax | FDXM | EUREX | EUR 6199 | EUR 6199 | EUR 3822.5 |
Mini MSCI EAFE Index | MFS | ICEUS | USD 4129 | USD 3753 | USD 4129 |
MSCI Emerging Markets Index | MME | ICEUS | USD 2668 | USD 2425 | USD 2668 |
Nano Bitcoin | BIT | Coinbase Derivatives | USD 88 | USD 80 | USD 88 |
Nano Ether | ET | Coinbase Derivatives | USD 68.2 | USD 62 | USD 68.2 |
Nikkei 225/USD | NKD | CME | USD 9350 | USD 8500 | USD |
Nikkei 225/Yen | NIY | CME | JPY 935000 | JPY 850000 | JPY |
TECDAX | FTDX | EUREX | EUR 2481 | EUR 2481 | EUR 3515 |
Volatility Index TAS | VXT | CFE | USD 8800 | USD 8000 | USD 8800 |
VSTOXX | FVS | EUREX | EUR 469 | EUR 469 | EUR 884 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Feeder Cattle | GF | CME | USD 4538 | USD 4125 | USD 4538 |
Lean Hogs | HE | CME | USD 1650 | USD 1500 | USD 1650 |
Live Cattle | LE | CME | USD 2695 | USD 2450 | USD 2695 |
Pork Cutout Futures | PRK | CME | USD 2090 | USD 1900 | USD 2090 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Copper | GHG | COMEX | USD 4950 | USD 4500 | USD 4950 |
E-micro Gold | MGC | COMEX | USD 1100 | USD 1000 | USD 1100 |
Gold | GGC | COMEX | USD 11000 | USD 10000 | USD 5500 |
Micro Copper | MHG | NYMEX | USD 605 | USD 550 | USD 605 |
Micro Silver | SIL | COMEX | USD 2310 | USD 2100 | USD 2310 |
miNY Copper | QC | COMEX | USD 2475 | USD 2250 | USD |
miNY Gold | QO | COMEX | USD 5500 | USD 5000 | USD 5500 |
miNY Silver | QI | COMEX | USD 5775 | USD 5250 | USD |
Palladium | GPA | NYMEX | USD 13750 | USD 12500 | USD 13750 |
Platinum | GPL | NYMEX | USD 2750 | USD 2500 | USD 2750 |
Silver | GSI | COMEX | USD 11550 | USD 10500 | USD |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
DAP FOB NOLA FUTURES | DFN | CBOT | USD 3300 | USD 3000 | USD 3300 |
UAN FOB NOLA FUTURES | UNO | CBOT | USD 1980 | USD 1800 | USD |
UREA (GRANULAR) CFR BRAZIL FUTURES | UFB | CBOT | USD 2530 | USD 2300 | USD 2530 |
UREA (GRANULAR) FOB EGYPT FUTURES | UFE | CBOT | USD 3850 | USD 3500 | USD 3850 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Block Cheese Futures | BLK | CME | USD 1430 | USD 1300 | USD 1430 |
Cash-Settled Butter | CB | CME | USD 1870 | USD 1700 | USD 1870 |
Cash-Settled Cheese | CSC | CME | USD 1650 | USD 1500 | USD 1650 |
Class III Milk | DA | CME | USD 1320 | USD 1200 | USD 1320 |
Class IV Milk Fut | DK | CME | USD 1485 | USD 1350 | USD 1485 |
Cocoa | CC-M | ICEUS | USD 1573 | USD 1430 | USD |
Cocoa TAS | CC-M-S | ICEUS | USD 2090 | USD 1900 | USD |
Coffee | KC-M | ICEUS | USD 9900 | USD 9000 | USD |
Coffee "C" TAS | KC-M-S | ICEUS | USD 9900 | USD 9000 | USD |
Cotton No. 2 TAS | CT-M-S | ICEUS | USD 2915 | USD 2650 | USD |
Cotton No.2 | CT-M | ICEUS | USD 4950 | USD 4500 | USD 4950 |
Dry Whey | DY | CME | USD 1392 | USD 1265 | USD 1392 |
European Liquid Milk | FALM | EEX | EUR 5000 | EUR 5000 | EUR |
FCOJ-A TAS | OJ-M-S | ICEUS | USD 1191 | USD 1083 | USD |
Frozen OJ | OJ-M | ICEUS | USD 2970 | USD 2700 | USD |
Global Anhydrous Milk Fat Futures | AMF | SGEX | USD 5000 | USD 5000 | USD |
Global Butter Futures | BTR | SGEX | USD 5000 | USD 5000 | USD |
Lumber Futures | LBR | CME | USD 990 | USD 900 | USD 990 |
Nonfat Dry Milk | NF | CME | USD 2090 | USD 1900 | USD 2090 |
Sugar No. 11 | SB-M | ICEUS | USD 2218 | USD 2016 | USD |
Sugar No. 11 TAS | SB-M-S | ICEUS | USD 1478 | USD 1344 | USD |
White Sugar | WSG | ICEEUAP | USD 2037 | USD 1852 | USD |
Disclaimer:
The above information was drawn from sources believed to be reliable. Although it is believed that information provided is accurate, no guarantee is made. StoneX assumes no responsibility for any errors or omissions.
Note:
- Initial margin and day trade values are updated daily at 7:00 am CT.
- Monday-Friday server maintenance is between 4:00 pm and 5:00 pm CT. In addition, we do schedule major updates after the close of business Friday through Saturday. The system will be available at a minimum of 1 hour prior to the pre-market open on Sundays.
- Liquidation Procedures
- In accordance with the Margins section 4 of the Customer Agreement and Disclosures document, StoneX reserves the right to liquidate any commodity positions in your account at its SOLE AND ABSOLUTE DISCRETION without prior notice. Clients are responsible for monitoring their positions and are financially responsible for any losses generated by open positions.
- Without limiting the foregoing, StoneX generally liquidates open positions if the client’s Equity-to-Margin ratio (as defined below) drops below 5%, or the account Net Liquidating Value (NLV) drops below $500.00 (whichever comes first). For accounts with only micro e-mini futures positions, a liquidation may occur when the Net Liquidating Value (NLV) drops below $75.00. In such instances, your account may be locked, open positions may be liquidated, and if our risk management staff liquidates your position due to inaction on your part, a liquidation fee will apply. StoneX’s current liquidation fee is $50.00 per contract.
- Your “Equity-to-Margin ratio” is calculated by dividing your NLV by Initial Margin (IM).
- Day-Trade margin parameters will be brought to full exchange Initial Margin requirements at 3:30 pm CT. For any customer that entered a position using day-trade margins and has not offset their position prior to 3:45 pm CT, the positions MAY be liquidated.