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Margin Requirements

Due to volatility in the market, please see the below margin requirements:

  • Micro Indices – 7:45 am CT to 4 pm CT
Micro contracts 1 to 20 contracts 21 to 30 contracts 31 to 40 contracts Over 40 contracts
Micro S&P (MES) $100.00 $250.00 $400.00 100% of initial
Micro Nasdaq (MNQ) $125.00 $300.00 $500.00 100% of initial
Micro Dow (MYM) $100.00 $250.00 $400.00 100% of initial
Micro Russell (M2K) $100.00 $250.00 $400.00 100% of initial
  • Micro Indices – overnight
Micro contracts 1 to 30 contracts over 30 contracts
Micro S&P (MES) 50% of initial 100% of initial
Micro Nasdaq (MNQ) 50% of initial 100% of initial
Micro Dow (MYM) 50% of initial 100% of initial
Micro Russell (M2K) 50% of initial 100% of initial
  • E-mini Indices – 7:45 am CT to 4 pm CT
Emini contracts 1 to 5 contracts 6 to 10 contracts 11 to 15 contracts Over 15 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
  • E-mini Indices – overnight
Emini contracts 1 to 10 contracts over 10 contracts
Emini S&P (ES) 50% of initial 100% of initial
Emini Nasdaq (NQ) 50% of initial 100% of initial
Emini Dow (YM) 50% of initial 100% of initial
Emini Russell (RTY) 50% of initial 100% of initial

 

  • 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, FTSE 100, Mini-DAX
    • 50% initial margin up to 20 contracts.
    • Any customer with more than 20 contracts, all contracts will be margined at 100%.
  • DAX
    • 50% initial margin up to 5 contracts.
    • Any customer with more than 5 contracts, all contracts will be margined at 100%.
  • All other markets will be at 100% Exchange Initial Margin.
  • At the 4pm CT close, all margins will be at the 100% level.

Please be aware that your account must be at full required margin at the 4pm close 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 Margin Requirements are in effect for all Bitcoin Futures contracts

  • Max Position Limit per account is 5 contracts.
  • Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin
  • Overnight Margins 3:30pm CT – 7:00am CT – The customer must have 125% 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 3:15pm Close – The customer must have 125% for Long Positions and 200% for Short positions 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 8:30am CT – 2:50pm CT – $1,000 per contract and is subject to change should the market dictate.
  • Although the market closes at 5pm 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 2:50pm CT. If they do not, they will be required to offset the position.
Monthly Symbols
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
F G H J K M N Q U V X Z
Group by Exchange
MarketGroup - Currencies (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
AD Opt OAUDE CME $ 0 $ 0 $ 0
AD Week 1 (Wednesday) Opt OWA1 CME $ $ $
AD Week 1 Opt OAUD1 CME $ N/A $ N/A $ N/A
AD Week 2 (Wednesday) Opt OWA2 CME $ $ $
AD Week 2 Opt OAUD2 CME $ N/A $ N/A $ N/A
AD Week 3 (Wednesday) Opt OWA3 CME $ $ $
AD Week 3 Opt OAUD3 CME $ N/A $ N/A $ N/A
AD Week 4 (Wednesday) Opt OWA4 CME $ $ $
AD Week 4 Opt OAUD4 CME $ N/A $ N/A $ N/A
AD Week 5 (Wednesday) Opt OWA5 CME $ $ $
AD Week 5 Opt OAUD5 CME $ N/A $ N/A $ N/A
BP Opt OGBPE CME $ N/A $ N/A $ N/A
BP Week 1 (Wednesday) Opt OWG1 CME $ $ $
BP Week 1 Opt OGBP1 CME $ N/A $ N/A $ N/A
BP Week 2 (Wednesday) Opt OWG2 CME $ $ $
BP Week 2 Opt OGBP2 CME $ N/A $ N/A $ N/A
BP Week 3 (Wednesday) Opt OWG3 CME $ $ $
BP Week 3 Opt OGBP3 CME $ N/A $ N/A $ N/A
BP Week 4 (Wednesday) Opt OWG4 CME $ $ $
BP Week 4 Opt OGBP4 CME $ N/A $ N/A $ N/A
BP Week 5 (Wednesday) Opt OWG5 CME $ $ $
BP Week 5 Opt OGBP5 CME $ N/A $ N/A $ N/A
CD Opt OCADE CME $ N/A $ N/A $ N/A
CD Week 1 (Wednesday) Opt OWD1 CME $ $ $
CD Week 1 Opt OCAD1 CME $ N/A $ N/A $ N/A
CD Week 2 (Wednesday) Opt OWD2 CME $ $ $
CD Week 2 Opt OCAD2 CME $ N/A $ N/A $ N/A
CD Week 3 (Wednesday) Opt OWD3 CME $ $ $
CD Week 3 Opt OCAD3 CME $ N/A $ N/A $ N/A
CD Week 4 (Wednesday) Opt OWD4 CME $ $ $
CD Week 4 Opt OCAD4 CME $ N/A $ N/A $ N/A
CD Week 5 (Wednesday) Opt OWD5 CME $ $ $
CD Week 5 Opt OCAD5 CME $ N/A $ N/A $ N/A
EC Week 1 (Wednesday) Opt OWE1 CME $ $ $
EC Week 1 Opt OEUR1 CME $ N/A $ N/A $ N/A
EC Week 2 (Wednesday) Opt OWE2 CME $ $ $
EC Week 2 Opt OEUR2 CME $ N/A $ N/A $ N/A
EC Week 3 (Wednesday) Opt OWE3 CME $ $ $
EC Week 3 Opt OEUR3 CME $ N/A $ N/A $ N/A
EC Week 4 (Wednesday) Opt OWE4 CME $ $ $
EC Week 4 Opt OEUR4 CME $ N/A $ N/A $ N/A
EC Week 5 (Wednesday) Opt OWE5 CME $ $ $
EC Week 5 Opt OEUR5 CME $ N/A $ N/A $ N/A
Euro FX Opt OEURE CME $ N/A $ N/A $ N/A
JY Opt OJPYE CME $ N/A $ N/A $ N/A
JY Week 1 (Wednesday) Opt OWJ1 CME $ $ $
JY Week 1 Opt OJPY1 CME $ N/A $ N/A $ N/A
JY Week 2 (Wednesday) Opt OWJ2 CME $ $ $
JY Week 2 Opt OJPY2 CME $ N/A $ N/A $ N/A
JY Week 3 (Wednesday) Opt OWJ3 CME $ $ $
JY Week 3 Opt OJPY3 CME $ N/A $ N/A $ N/A
JY Week 4 (Wednesday) Opt OWJ4 CME $ $ $
JY Week 4 Opt OJPY4 CME $ N/A $ N/A $ N/A
JY Week 5 (Wednesday) Opt OWJ5 CME $ $ $
JY Week 5 Opt OJPY5 CME $ N/A $ N/A $ N/A
SF Opt OCHFE CME $ N/A $ N/A $ N/A
SF Week 1 Opt OCHF1 CME $ N/A $ N/A $ N/A
SF Week 2 Opt OCHF2 CME $ N/A $ N/A $ N/A
SF Week 3 Opt OCHF3 CME $ N/A $ N/A $ N/A
SF Week 4 Opt OCHF4 CME $ N/A $ N/A $ N/A
SF Week 5 Opt OCHF5 CME $ N/A $ N/A $ N/A
US Dollar Index ODX-M ICE $ N/A $ N/A $ N/A
MarketGroup - Energies (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
CL Opt OCL NYMEX $ N/A $ N/A $ N/A
CL Week 1 Opt OCL1 NYMEX $ N/A $ N/A $ N/A
CL Week 2 Opt OCL2 NYMEX $ N/A $ N/A $ N/A
CL Week 3 Opt OCL3 NYMEX $ N/A $ N/A $ N/A
CL Week 4 Opt OCL4 NYMEX $ N/A $ N/A $ N/A
CL Week 5 Opt OCL5 NYMEX $ N/A $ N/A $ N/A
HO Opt OHO NYMEX $ N/A $ N/A $ N/A
NG (Euro Style) Opt ONGE ICE $ 0 $ 0 $ 0.00
NG Opt ONG NYMEX $ N/A $ N/A $ N/A
RB Opt ORB NYMEX $ N/A $ N/A $ N/A
MarketGroup - Financials (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
ZB Opt OZB CBOT $ 4400 $ 4000 $ 1375
ZB Week 1 (Wednesday) Opt OWB1 CBOT $ 0 $ 0 $ 0
ZB Week 1 Opt OZB1 CBOT $ N/A $ N/A $ N/A
ZB Week 2 (Wednesday) Opt OWB2 CBOT $ N/A $ N/A $ N/A
ZB Week 2 Opt OZB2 CBOT $ N/A $ N/A $ N/A
ZB Week 3 (Wednesday) Opt OWB3 CBOT $ N/A $ N/A $ N/A
ZB Week 3 Opt OZB3 CBOT $ N/A $ N/A $ N/A
ZB Week 4 (Wednesday) Opt OWB4 CBOT $ N/A $ N/A $ N/A
ZB Week 4 Opt OZB4 CBOT $ N/A $ N/A $ N/A
ZB Week 5 (Wednesday) Opt OWB5 CBOT $ N/A $ N/A $ N/A
ZB Week 5 Opt OZB5 CBOT $ N/A $ N/A $ N/A
ZF Opt OZF CBOT $ 605 $ 550 $ 308
ZF Week 1 Opt OZF1 CBOT $ N/A $ N/A $ N/A
ZF Week 2 Opt OZF2 CBOT $ N/A $ N/A $ N/A
ZF Week 3 Opt OZF3 CBOT $ N/A $ N/A $ N/A
ZF Week 4 Opt OZF4 CBOT $ N/A $ N/A $ N/A
ZF Week 5 Opt OZF5 CBOT $ N/A $ N/A $ N/A
ZN Opt OZN CBOT $ 1375 $ 1250 $ 522.5
ZN Week 1 (Wednesday) Opt OWY1 CBOT $ $ $
ZN Week 1 Opt OZN1 CBOT $ N/A $ N/A $ N/A
ZN Week 2 (Wednesday) Opt OWY2 CBOT $ $ $
ZN Week 2 Opt OZN2 CBOT $ N/A $ N/A $ N/A
ZN Week 3 (Wednesday) Opt OWY3 CBOT $ $ $
ZN Week 3 Opt OZN3 CBOT $ N/A $ N/A $ N/A
ZN Week 4 (Wednesday) Opt OWY4 CBOT $ $ $
ZN Week 4 Opt OZN4 CBOT $ N/A $ N/A $ N/A
ZN Week 5 (Wednesday) Opt OWY5 CBOT $ $ $
ZN Week 5 Opt OZN5 CBOT $ N/A $ N/A $ N/A
ZT Opt OZT CBOT $ 390 $ 355 $ 209
MarketGroup - Grains (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
KE Opt OKE CBOT $ N/A $ N/A $ N/A
MW Opt OMW MGE $ 1430 $ 1100 $ 747.5
ZC Opt OZC CBOT $ 1430 $ 1300 $ 330
ZC Short Dated Opt OZCD CBOT $ 0 $ 0 $ 0
ZC Week 1 Opt OZC1 CBOT $ N/A $ N/A $ N/A
ZC Week 2 Opt OZC2 CBOT $ N/A $ N/A $ N/A
ZC Week 3 Opt OZC3 CBOT $ N/A $ N/A $ N/A
ZC Week 4 Opt OZC4 CBOT $ NA $ NA $ NA
ZC Week 5 Opt OZC5 CBOT $ N/A $ N/A $ N/A
ZL Opt OZL CBOT $ 1485 $ 1350 $ 330
ZM Opt OZM CBOT $ N/A $ N/A $ N/A
ZO Opt OZO CBOT $ 990 $ 900 $ 0
ZS Opt OZS CBOT $ 3245 $ 2950 $ 852.5
ZS Short Dated Opt OZSD CBOT $ 0 $ 0 $ 0
ZS Week 1 Opt OZS1 CBOT $ N/A $ N/A $ N/A
ZS Week 2 Opt OZS2 CBOT $ N/A $ N/A $ N/A
ZS Week 3 Opt OZS3 CBOT $ N/A $ N/A $ N/A
ZS Week 4 Opt OZS4 CBOT $ N/A $ N/A $ N/A
ZS Week 5 Opt OZS5 CBOT $ N/A $ N/A $ N/A
ZW Opt OZW CBOT $ 1980 $ 1800 $ 0
ZW Short Dated Opt OZWD CBOT $ 0 $ 0 $ 0
ZW Week 1 Opt OZW1 CBOT $ 0 $ 0 $ 0
ZW Week 2 Opt OZW2 CBOT $ 0 $ 0 $ 0
ZW Week 3 Opt OZW3 CBOT $ 0 $ 0 $ 0
ZW Week 4 Opt OZW4 CBOT $ 0 $ 0 $ 0
ZW Week 5 Opt OZW5 CBOT $ 0 $ 0 $ 0
MarketGroup - Indices (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
CME Bitcoin Options OBTC CME $ 74371 $ 67610 $ 37185.5
EMD Opt OEMD CME $ 0 $ 0 $ 0
ES End of Month Opt OEW CME $ 0 $ 0 $ 0
ES Opt OES CME $ 0 $ 0 $ 0
ES Week 1 (Monday) Opt OE1A CME $ 0 $ 0 $ 0
ES Week 1 (Wed.) Opt. OE1C CME $ 0 $ 0 $ 0
ES Week 1 Opt OEW1 CME $ 0 $ 0 $ 0
ES Week 2 (Monday) Opt OE2A CME $ 0 $ 0 $ 0
ES Week 2 (Wednesday) Opt OE2C CME $ 0 $ 0 $ 0
ES Week 2 Opt OEW2 CME $ 0 $ 0 $ 0
ES Week 3 (Monday) Opt OE3A CME $ 0 $ 0 $ 0
ES Week 3 (Wednesday) Opt OE3C CME $ 0 $ 0 $ 0
ES Week 3 Opt OEW3 CME $ 0 $ 0 $ 0
ES Week 4 (Monday) Opt OE4A CME $ 0 $ 0 $ 0
ES Week 4 (Wednesday) Opt. OE4C CME $ 0 $ 0 $ 0
ES Week 4 Opt OEW4 CME $ 0 $ 0 $ 0
ES Week 5 (Monday) Opt OE5A CME $ 0 $ 0 $ 0
ES Week 5 (Wednesday) Opt OE5C CME $ 0 $ 0 $ 0
MES End of Month Opt. OEX $ 0 $ 0 $ 0.00
MES Opt. OMES $ 1210 $ 1100 $ 605
MES Week 1 Opt. OEX1 $ 0 $ 0 $ 0.00
MES Week 2 Opt. OEX2 $ 0 $ 0 $ 0.00
MES Week 3 Opt. OEX3 $ 0 $ 0 $ 0.00
MES Week 4 Opt. OEX4 $ 0 $ 0 $ 0.00
MNQ End of Month Opt. OMQE $ 0 $ 0 $ 0.00
MNQ Opt. OMNQ $ 1760 $ 1600 $ 880
MNQ Week 1 Opt. OMQ1 $ 0 $ 0 $ 0.00
MNQ Week 2 Opt. OMQ2 $ 0 $ 0 $ 0.00
MNQ Week 3 Opt. OMQ3 $ 0 $ 0 $ 0.00
MNQ Week 4 Opt. OMQ4 $ 0 $ 0 $ 0.00
NQ End of Month Opt OQNE CME $ 0 $ 0 $ 0
NQ Opt OEN CME $ 0 $ 0 $ 0
NQ Week 1 Opt OEN1 CME $ 0 $ 0 $ 0
NQ Week 2 Opt OEN2 CME $ 0 $ 0 $ 0
NQ Week 3 Opt OEN3 CME $ 0 $ 0 $ 0
NQ Week 4 Opt OEN4 CME $ 0 $ 0 $ 0
RTY End of Month Opt ORTM CME $ 0 $ 0 $ 0
RTY Opt ORTY CME $ 7150 $ 6500 $ 0
RTY Week 1 Opt OR1E CME $ 0 $ 0 $ 0
RTY Week 2 Opt OR2E CME $ 0 $ 0 $ 0
RTY Week 3 Opt OR3E CME $ 0 $ 0 $ 0
RTY Week 4 Opt OR4E CME $ 0 $ 0 $ 0
SP End of Month Opt OEV CME $ 0 $ 0 $ 0
SP Opt OSP CME $ 0 $ 0 $ 0
SP Week 1 Opt OEV1 CME $ 0 $ 0 $ 0
SP Week 2 Opt OEV2 CME $ 0 $ 0 $ 0
SP Week 3 Opt OEV3 CME $ 0 $ 0 $ 0
SP Week 4 Opt OEV4 CME $ 0 $ 0 $ 0
YM End of Month Opt OEYM CBOT $ 0 $ 0 $ 0
YM Opt OYM CME $ 0 $ 0 $ 0
YM Week 1 Opt OYM1 CBOT $ 0 $ 0 $ 0
YM Week 2 Opt OYM2 CBOT $ 0 $ 0 $ 0
YM Week 3 Opt OYM3 CBOT $ 0 $ 0 $ 0
YM Week 4 Opt OYM4 CBOT $ 0 $ 0 $ 0
MarketGroup - Meats (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
FC Opt OGF CME $ 0 $ 0 $ 0
LC Opt OLE CME $ 0 $ 0 $ 0
LH Opt OHE CME $ 0 $ 0 $ 0
MarketGroup - Metals (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
GC Opt OGC COMEX $ 11000 $ 10000 $ 0
GC Week 1 Opt OGC1 COMEX $ 0 $ 0 $ 0
GC Week 2 Opt OGC2 COMEX $ 0 $ 0 $ 0
GC Week 3 Opt OGC3 COMEX $ 0 $ 0 $ 0
GC Week 4 Opt OGC4 COMEX $ 0 $ 0 $ 0
GC Week 5 Opt OGC5 COMEX $ 0 $ 0 $ 0
HG Opt OHG COMEX $ 4620 $ 4200 $ 0
SI Opt OSI COMEX $ 15400 $ 14000 $ 0
SI Week 1 Opt OSO1 COMEX $ 0 $ 0 $ 0.00
SI Week 2 Opt OSO2 COMEX $ 0 $ 0 $ 0.00
SI Week 3 Opt OSO3 COMEX $ 0 $ 0 $ 0.00
SI Week 4 Opt OSO4 COMEX $ 0 $ 0 $ 0.00
SI Week 5 Opt OSO5 COMEX $ 0 $ 0 $ 0.00
MarketGroup - Softs (Electronic)
Name Symbol Exchange Init. Margin Maint. Margin Day
CC Opt OCC-M ICE $ 0 $ 0 $ 0
CT Opt OCT-M ICE $ 0 $ 0 $ 0
DA Opt ODA CME $ 0 $ 0 $ 0
DK Opt ODK CME $ 0 $ 0 $ 0
KC Opt OKC-M ICE $ 0 $ 0 $ 0
LBS Opt OLB CME $ 0 $ 0 $ 0
OJ Opt OOJ-M ICE $ 0 $ 0 $ 0
RS2 Opt ORS2-M ICE CHF 0 CHF 0 CHF 0
SB Opt OSB-M ICE $ 0 $ 0 $ 0

 

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. FuturesOnline assumes no responsibility for any errors or omissions.

 

Note:

  • Initial margin and day trade values are updated daily at 7:00 am CST.
  • For contracts that have $500 day trading margins, the margin will increase to $1000 outside regular trading hours of 7:30 am to 5 pm CST.
  • Monday-Friday server maintenance is between 4:00 pm and 5:00 pm CST. 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 Liquidation of Accounts and Payment of Deficit Balances section of your Commodity Customer Agreement with GAIN Capital, GAIN Capital 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, GAIN Capital 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 $100.00. 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. GAIN Capital’s current liquidation fee is $50.00 per contract.
    • Your “Equity-to-Margin ratio” is calculated by dividing your NLV by Initial Margin (IM).

GLOBAL ASSET ADVISORS LLC DOES BUSINESS AS FUTURESONLINE (FOL) AND IS AN INTRODUCING BROKER TO GAIN CAPITAL GROUP, LLC (GCG), A FUTURE COMMISSION MERCHANT & RETAIL FOREIGN EXCHANGE DEALER. GCG IS WHOLLY OWNED BY GAIN CAPITAL HOLDINGS INC, WHEREAS FOL IS WHOLLY OWNED BY GLOBAL FUTURES AND FOREX LTD.

THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION.

THIS MATERIAL HAS BEEN PREPARED BY A FUTURESONLINE BROKER WHO PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES. FUTURESONLINE, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR THEIR RESULTS.

TRADE RECOMMENDATIONS AND PROFIT/LOSS CALCULATIONS MAY NOT INCLUDE COMMISSIONS AND FEES. PLEASE CONSULT YOUR BROKER FOR DETAILS BASED ON YOUR TRADING ARRANGEMENT AND COMMISSION SETUP.

YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL RESOURCES. YOU SHOULD READ THE "RISK DISCLOSURE" WEBPAGE ACCESSED AT WWW.FUTURESONLINE.COM AT THE BOTTOM OF THE HOMEPAGE. FUTURESONLINE IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. FUTURESONLINE DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICES.