1 to 50 contracts | Over 50 contracts | |
---|---|---|
Micro S&P (MES) | 5% of initial | 100% of initial |
Micro Nasdaq (MNQ) | 5% of initial | 100% of initial |
Micro Dow (MYM) | $750 | 100% of initial |
Micro Russell (M2K) | $750 | 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 15 contracts | 16 to 20 contracts | Over 20 contracts | |
---|---|---|---|
Emini S&P (ES) | 5% of initial | $3,000.00 | 100% of initial |
Emini Nasdaq (NQ) | 5% of initial | $3,000.00 | 100% of initial |
Emini Dow (YM) | $750 | $3,000.00 | 100% of initial |
Emini Russell (RTY) | $750 | $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 |
---|---|---|---|---|---|
Micro Crude Oil Cal. Spd. | MCL FTS | NYMEX | USD 1 | USD 1 | USD 1 |
Natural Gas Futures Butterfly | GNG FB | NYMEX | USD 1 | USD 1 | USD 1 |
NY Harbor ULSD Crack Spread | GHO-GCL CS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Heating Oil Future Time Spread | GHO FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Heating Oil TAS Future Time Spread | HOT FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Henry Hub Natural Gas Fut F Future Time Spread | GNG FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Henry Hub Natural Gas TAS F Future Time Spread | NGT FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Light, Sweet Crude Oil Future Butterfly | GCL FB | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Light, Sweet Crude Oil Future Time Spread | GCL FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Light, Sweet Crude Oil TAS Future Time Spread | CLT FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM miNY Crude Oil Future Time Spread | QM FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM miNY Natural Gas Future Time Spread | QG FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM RBOB Gasoline Commodity Spread | GRB-GHO CS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM RBOB Gasoline Future Butterfly | GRB FB | NYMEX | USD 1 | USD 1 | USD 1 |
NYM RBOB Gasoline Future Time Spread | GRB FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM RBOB Gasoline TAS Fut FUT-T Future Time Spread | RBT FTS | NYMEX | USD 1 | USD 1 | USD 1 |
RBOB Gasoline Crack Spread | GRB-GCL CS | NYMEX | USD 1 | USD 1 | USD 1 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
10 Year US Treasury Note Fut FU Future Time Spread Reduced Tick | ZN FTSRTS | CBOT | USD 1 | USD 1 | USD 1 |
2 Year US Treasury Note Future Time Spread | ZT FTS | CBOT | USD 1 | USD 1 | USD 1 |
30 Day Fed Fund Future Butterfly | ZQ FB | CBOT | USD 1 | USD 1 | USD 1 |
30 Day Fed Fund Future Time Spread | ZQ FTS | CBOT | USD 1 | USD 1 | USD 1 |
30 Year US Treasury Bond Fut FU Future Time Spread Reduced Tick | ZB FTSRTS | CBOT | USD 1 | USD 1 | USD 1 |
5 Year US Treasury Note Future Time Spread | ZF FTS | CBOT | USD 1 | USD 1 | USD 1 |
CONF Future Time Spread | CONF FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
EUR BOBL Future Time Spread | FGBM FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
EUR BUND Future Time Spread | FGBL FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
EUR SCHATZ Future Time Spread | FGBS FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
Euro-BTP Calendar Spd. | FBTP FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
Euro-Buxl Calendar Sprd. | FGBX FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
Euro-OAT Calendar Spd. | FOAT FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
One-Month SOFR Calendar Spread | SR1 FTS | CME | USD 1 | USD 1 | USD 1 |
Small 10YR US Treasury Yield Cal. Spd. | S10Y FTS | SMFE | USD 1 | USD 1 | USD 1 |
Small 2YR US Treasury Yield Cal. Spd. | S2Y FTS | SMFE | USD 1 | USD 1 | USD 1 |
Small 30YR US Treasury Yield Cal. Spd. | S30Y FTS | SMFE | USD 1 | USD 1 | USD 1 |
Three-Month SOFR Calendar Spread | SR3 FTS | CME | USD 1 | USD 1 | USD 1 |
Ultra 10-Year Note Calendar Spread | TN FTSRTS | CBOT | USD 1 | USD 1 | USD 1 |
Ultra T-Bond Fut FUT-RTS Future Time Spread Reduced Tick Size | UB FTSRTS | CBOT | USD 1 | USD 1 | USD 1 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Corn Future Butterfly | ZC FB | CBOT | USD 1 | USD 1 | USD 1 |
Corn Future Time Spread | ZC FTS | CBOT | USD 1 | USD 1 | USD 1 |
KC Wheat / CBOT Corn Spread | KE-ZC CS | CBOT | USD 1 | USD 1 | USD 1 |
KC/CBOT Wheat Commodity | KE-ZW CS | CBOT | USD 1 | USD 1 | USD 1 |
MGEX/CBOT Wheat Spread | MWE-ZW CS | CBOT | USD 1 | USD 1 | USD 1 |
MGEX/KCBOT Wheat Spread | MWE-KE CS | CBOT | USD 1 | USD 1 | USD 1 |
Mini Corn Future Time Spread | XC FTS | CBOT | USD 1 | USD 1 | USD 1 |
Mini Soybean Future Time Spread | XB FTS | CBOT | USD 1 | USD 1 | USD 1 |
Mini Wheat Future Time Spread | XW FTS | CBOT | USD 1 | USD 1 | USD 1 |
Oats Future Butterfly | ZO FB | CBOT | USD 1 | USD 1 | USD 1 |
Oats Future Time Spread | ZO FTS | CBOT | USD 1 | USD 1 | USD 1 |
Rough Rice Future Butterfly | ZR FB | CBOT | USD 1 | USD 1 | USD 1 |
Rough Rice Future Time Spread | ZR FTS | CBOT | USD 1 | USD 1 | USD 1 |
Soybean Meal Future Butterfly | ZM FB | CBOT | USD 1 | USD 1 | USD 1 |
Soybean Meal Future Time Spread | ZM FTS | CBOT | USD 1 | USD 1 | USD 1 |
Soybean Oil Future Butterfly | ZL FB | CBOT | USD 1 | USD 1 | USD 1 |
Soybean Oil Future Time Spread | ZL FTS | CBOT | USD 1 | USD 1 | USD 1 |
Soybeans Future Butterfly | ZS FB | CBOT | USD 1 | USD 1 | USD 1 |
Soybeans Future Time Spread | ZS FTS | CBOT | USD 1 | USD 1 | USD 1 |
Wheat Future Butterfly | ZW FB | CBOT | USD 1 | USD 1 | USD 1 |
Wheat Future Butterfly | KE FB | CBOT | USD 1 | USD 1 | USD 1 |
Wheat Future Time Spread | ZW FTS | CBOT | USD 1 | USD 1 | USD 1 |
Wheat Future Time Spread | KE FTS | CBOT | USD 1 | USD 1 | USD 1 |
Wheat Future Time Spread | MWE FTS | MGE | USD 1 | USD 1 | USD 1 |
Wheat\Corn Commodity Spread | ZW-ZC CS | CBOT | USD 1 | USD 1 | USD 1 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
CBOE Volatility Index Spread | VX FTS | CFE | USD 1 | USD 1 | USD 1 |
CME Bitcoin Calendar Spread | BTC FTS | CME | USD 1 | USD 1 | USD 1 |
CME Ether Futures Cal. Spd. | ETH FTS | CME | USD 1 | USD 1 | USD 1 |
CME Micro Bitcoin | MBT FTS | CME | USD 1 | USD 1 | USD 1 |
DAX Future Time Spread | FDAX FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
DJ EUR STOXX 50 Future Time Spread | FESX FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
DJ STOXX 50 Future Time Spread | FSTX FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
E-Mini Nasdaq 100 Future Time Spread | NQ FTS | CME | USD 1 | USD 1 | USD 1 |
E-Mini S&P Future Time Spread | ES FTS | CME | USD 1 | USD 1 | USD 1 |
E-Mini SP MidCap 400 Future Time Spread | EMD FTS | CME | USD 1 | USD 1 | USD 1 |
MDAX futures Future Time Spread | F2MX FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
Micro Dax Cal.Spd | FDXS RTSFTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
Micro E-mini Dow Calendar Spread | MYM FTS | CBOT | USD 1 | USD 1 | USD 1 |
Micro E-mini Nasdaq-100 Calendar Spread | MNQ FTS | CME | USD 1 | USD 1 | USD 1 |
Micro E-mini Russell 2000 Calendar Spread | M2K FTS | CME | USD 1 | USD 1 | USD 1 |
Micro E-mini S&P 500 Calendar Spread | MES FTS | CME | USD 1 | USD 1 | USD 1 |
Micro Ether Cal. Spd. | MET FTS | CME | USD 1 | USD 1 | USD |
Mini Cboe Volatility Index Cal. Spd. | VXM FTS | CFE | USD 1 | USD 1 | USD 1 |
Mini Dax Calendar Spd. | FDXM FTSRTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
Mini Dow Jones Future Time Spread | YM FTS | CBOT | USD 1 | USD 1 | USD 1 |
mini VSTOXX Calendar Spread | FVS FTS | EUREX | EUR 1 | EUR 1 | EUR 1 |
MSCI Emerging Markets Index Future Time Spread | MME FTS | ICEUS | USD 1 | USD 1 | USD 1 |
Nikkei 225 Index (Yen Based) Fu Future Time Spread | NIY FTS | CME | JPY 1 | JPY 1 | JPY 1 |
Nikkei 225 Index Future Time Spread | NKD FTS | CME | USD 1 | USD 1 | USD 1 |
RTY Cal. Spd. | RTY FTS | CME | USD 6050 | USD 5500 | USD 6050 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Feeder Cattle Future Butterfly | GF FB | CME | USD 1 | USD 1 | USD 1 |
Feeder Cattle Future Time Spread | GF FTS | CME | USD 1 | USD 1 | USD 1 |
Lean Hog Future Butterfly | HE FB | CME | USD 1 | USD 1 | USD 1 |
Lean Hog Future Time Spread | HE FTS | CME | USD 1 | USD 1 | USD 1 |
Live Cattle Commodity Spread | HE-LE CS | CME | USD 1 | USD 1 | USD 1 |
Live Cattle Future Butterfly | LE FB | CME | USD 1 | USD 1 | USD 1 |
Live Cattle Future Time Spread | LE FTS | CME | USD 1 | USD 1 | USD 1 |
Pork Cutout Cal. Spd. | PRK FTS | CME | USD 1 | USD 1 | USD 1 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
1,000-oz. Silver Calendar Spread | SIL FTSTRS | COMEX | USD 1 | USD 1 | USD 1 |
COM Copper Future Time Spread | GHG FTS | COMEX | USD 1 | USD 1 | USD 1 |
COM Gold Future Time Spread | GGC FTS | COMEX | USD 1 | USD 1 | USD 1 |
COM minNY Copper Future Time Spread | QC FTS | COMEX | USD 1 | USD 1 | USD 1 |
COM minNY Silver Future Time Spread | QI FTS | COMEX | USD 1 | USD 1 | USD 1 |
COM Silver Future Time Spread | GSI FTS | COMEX | USD 1 | USD 1 | USD 1 |
E-micro Gold Cal. Spd. | MGC FTS | COMEX | USD 1 | USD 1 | USD 1 |
Micro Copper FTS | MHG FTS | COMEX | USD 1 | USD 1 | USD |
minNY Gold Future Time Spread | QO FTS | COMEX | USD 1 | USD 1 | USD 1 |
NYM Palladium Future Time Spread | GPA FTS | NYMEX | USD 1 | USD 1 | USD 1 |
NYM Platinum Future Time Spread | GPL FTS | NYMEX | USD 1 | USD 1 | USD 1 |
Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
---|---|---|---|---|---|
Class III Milk Future Time Spread | DA FTS | CME | USD 1 | USD 1 | USD 1 |
Cocoa Future Time Spread | CC-M FTS | ICEUS | USD 1 | USD 1 | USD 1 |
Coffee "C" Future Time Spread | KC-M FTS | ICEUS | USD 1 | USD 1 | USD 1 |
Cotton No. 2 Future Time Spread | CT-M FTS | ICEUS | USD 1 | USD 1 | USD 1 |
FCOJ-A Future Time Spread | OJ-M FTS | ICEUS | USD 1 | USD 1 | USD 1 |
Random Length Lumber Future Time Spread | LBS FTS | CME | USD 1 | USD 1 | USD 1 |
Sugar No. 11 Future Time Spread | SB-M FTS | ICEUS | USD 1 | USD 1 | USD 1 |
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.