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
*Please be advised that CBOE XBT Bitcoin Futures will no longer be available for trading following the June 2019 expiration.
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.
| 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
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Australian Dollar | 6A | CME | $ 1320 | $ 1200 | $ 660 |
| Australian Dollar/Japanese Yen | AJY | CME | ¥ 440000 | ¥ 400000 | ¥ 220000 |
| Brazilian Real | 6L | CME | $ 1705 | $ 1550 | $ 852.5 |
| British Pound | 6B | CME | $ 2640 | $ 2400 | $ 1320 |
| British Pound/Japanese Yen | PJY | CME | ¥ 660000 | ¥ 600000 | ¥ 330000 |
| Canadian Dollar | 6C | CME | $ 990 | $ 900 | $ 495 |
| E-micro Australian Dollar | M6A | CME | $ 132 | $ 120 | $ 66 |
| E-micro British Pound | M6B | CME | $ 264 | $ 240 | $ 132 |
| E-micro Canadian Dollar | MCD | CME | $ 99 | $ 90 | $ 49.5 |
| E-micro Euro Fx | M6E | CME | $ 198 | $ 180 | $ 99 |
| E-micro Indian Rupee | MIR | CME | $ 352 | $ 320 | $ 176 |
| E-micro Japanese Yen | MJY | CME | $ 236 | $ 215 | $ 118 |
| E-micro Swiss Franc | MSF | CME | $ 341 | $ 310 | $ 170.5 |
| E-mini Euro FX | E7 | CME | $ 990 | $ 900 | $ 495 |
| E-mini Japanese Yen | J7 | CME | $ 1182 | $ 1075 | $ 591 |
| Euro FX | 6E | CME | $ 1980 | $ 1800 | $ 990 |
| Euro/British Pound | RP | CME | £ 3410 | £ 3100 | £ 1705 |
| Euro/Japanese Yen | RY | CME | ¥ 308000 | ¥ 280000 | ¥ 154000 |
| Euro/Swiss Franc | RF | CME | CHF. 2750 | CHF. 2500 | CHF. 1375 |
| Indian Rupee | SIR | CME | $ 1760 | $ 1600 | $ 1760 |
| Japanese Yen | 6J | CME | $ 2365 | $ 2150 | $ 1182.5 |
| Korean Won Futures | KRW | CME | $ 2970 | $ 2700 | $ 1430 |
| Mexican Peso | 6M | CME | $ 1320 | $ 1200 | $ 1320 |
| New Zealand Dollar | 6N | CME | $ 1320 | $ 1200 | $ 660 |
| South African Rand | 6Z | CME | $ 1815 | $ 1650 | $ 907.5 |
| Swedish Krona | SEK | CME | $ 5500 | $ 5000 | $ 2750 |
| Swiss Franc | 6S | CME | $ 3410 | $ 3100 | $ 1705 |
| US Dollar Index | DX-M | ICE | $ 1815 | $ 1650 | $ 907.50 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Brent Last Day Financial | BZ | NYMEX | $ 4675 | $ 4250 | $ 2337.5 |
| Crude Oil | GCL | NYMEX | $ 4125 | $ 3750 | $ 1000 |
| Crude Oil TAS | CLT | NYMEX | $ 4125 | $ 3750 | $ 4125 |
| E-mini Crude Oil | QM | NYMEX | $ 2062 | $ 1875 | $ 1031 |
| E-Mini Heating Oil | QH | NYMEX | $ 4510 | $ 4100 | $ 2255 |
| E-Mini Natural Gas | QG | NYMEX | $ 495 | $ 450 | $ 247.5 |
| E-Mini RBOB Gasoline | QU | NYMEX | $ 2420 | $ 2200 | $ 1210 |
| Ethanol | ZE | CBOT | $ 2365 | $ 2150 | $ 1182.5 |
| Heating Oil | GHO | NYMEX | $ 4510 | $ 4100 | $ 2255 |
| Heating Oil TAS | HOT | NYMEX | $ 4510 | $ 4100 | $ 4510 |
| Natural Gas | GNG | NYMEX | $ 1980 | $ 1800 | $ 1980 |
| Natural Gas (Last-Day) | HH | NYMEX | $ 1980 | $ 1800 | $ 990 |
| Natural Gas TAS | NGT | NYMEX | $ 1980 | $ 1800 | $ 1980 |
| RBOB Gasoline | GRB | NYMEX | $ 4840 | $ 4400 | $ 2420 |
| RBOB Gasoline TAS | RBT | NYMEX | $ 4840 | $ 4400 | $ 4840 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| 10-Yr Interest Rate Swap | SR | CBOT | $ 1870 | $ 1700 | $ 935 |
| 10-Yr US T-Note | ZN | CBOT | $ 1265 | $ 1150 | $ 632.5 |
| 2-Yr T-Note | ZT | CBOT | $ 627 | $ 570 | $ 313.5 |
| 30-Day Fed Funds | ZQ | CBOT | $ 902 | $ 820 | $ 451 |
| 30-Yr US T-Bonds | ZB | CBOT | $ 3080 | $ 2800 | $ 1540 |
| 5-Yr Interest Rate Swap | SA | CBOT | $ 1265 | $ 1150 | $ 632.50 |
| 5-Yr T-Note | ZF | CBOT | $ 770 | $ 700 | $ 385 |
| CONF | CONF | EUREX | CHF 1684 | CHF 1684 | CHF 842.00 |
| Euro-Bobl | FGBM | EUREX | € 974 | € 974 | € 487 |
| Euro-Bund | FGBL | EUREX | € 2223 | € 2223 | € 1111.50 |
| Euro-Buxl | FGBX | EUREX | € 6300 | € 6300 | € 3150.00 |
| Eurodollar | GE | CME | $ 550 | $ 500 | $ 275 |
| Euro-OAT | FOAT | EUREX | € 2383 | € 2383 | € 1191.50 |
| Euro-Schatz | FGBS | EUREX | € 250 | € 250 | € 125 |
| Libor | GLB | CME | $ 517 | $ 470 | $ 258.5 |
| Long Gilt | GLTL | ICEEUF | $ 2464 | $ 2240 | $ 1232 |
| Long-Term Euro-BTP | FBTP | EUREX | € 3460 | € 3460 | € 1730 |
| Short Sterling | STERL | ICEEUF | £ 297 | £ 270 | £ 148.5 |
| Three Month EuroSwiss | EURCHF | ICEEUF | CHF. 385 | CHF. 350 | CHF. 192.5 |
| Three-Month Euribor | FEU3 | ICEEUF | € 556 | € 505 | € 278 |
| Ultra 10-Year Note | TN | CBOT | $ 1980 | $ 1800 | $ 990 |
| Ultra U.S. Treasury Bond | UB | CBOT | $ 4950 | $ 4500 | $ 2475 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Corn | ZC | CBOT | $ 1100 | $ 1000 | $ 550 |
| Corn TAS | ZCT | CBOT | $ 880 | $ 800 | $ 440.00 |
| Hard Red Spring Wheat (MN) | MWE | MGE | $ 1560 | $ 1200 | $ 780 |
| KC HRW Wheat | KE | CBOT | $ 1375 | $ 1250 | $ 687.5 |
| Mini Corn | XC | CBOT | $ 220 | $ 200 | $ 110 |
| Mini Soybeans | XB | CBOT | $ 330 | $ 300 | $ 165 |
| Mini Wheat | XW | CBOT | $ 275 | $ 250 | $ 137.5 |
| Oats | ZO | CBOT | $ 715 | $ 650 | $ 357.5 |
| Rough Rice | ZR | CBOT | $ 825 | $ 750 | $ 412.5 |
| Soybean Meal | ZM | CBOT | $ 1122 | $ 1020 | $ 561 |
| Soybean Meal TAS | ZMT | CBOT | $ 2420 | $ 2200 | $ 1210 |
| Soybean Oil | ZL | CBOT | $ 676 | $ 615 | $ 338 |
| Soybean TAS | ZST | CBOT | $ 2530 | $ 2300 | $ 1265 |
| Soybeans | ZS | CBOT | $ 1650 | $ 1500 | $ 825 |
| UK Feed Wheat | WHT | ICEEUS | $ 631 | $ 574 | $ 315.5 |
| Wheat | ZW | CBOT | $ 1375 | $ 1250 | $ 687.5 |
| Wheat TAS | ZWT | CBOT | $ 1925 | $ 1750 | $ 962.5 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Bloomberg Commodity Index | AW | CBOT | $ 383.00 | $ 349.00 | $ 191.50 |
| CBOE Volatility Index (Vix) | VX | CFE | $ 8800 | $ 8000 | $ 8800.00 |
| CBOE Volatility Index (Vix) TAS | VXT | CFE | $ 8800 | $ 8000 | $ 8800.00 |
| CME Bitcoin | BTC | CME | $ 19007 | $ 17279 | $ 19007 |
| DAX | FDAX | EUREX | € 23975 | € 23975 | € 11987.50 |
| Dow Jones Real Estate Futures | RE | CME | $ 1430 | $ 1300 | $ 715.00 |
| E-Mini Dow ($5) | YM | CBOT | $ 6050 | $ 5500 | $ 500 |
| E-mini NASDAQ 100 | NQ | CME | $ 8250 | $ 7500 | $ 500 |
| E-Mini Russell 2000 | RTY | CME | $ 3520 | $ 3200 | $ 500 |
| E-mini S&P 500 | ES | CME | $ 7260 | $ 6600 | $ 500 |
| E-mini S&P MidCap 400 | EMD | CME | $ 8690 | $ 7900 | $ 4345 |
| EURO STOXX 50 Index | FESX | EUREX | € 2642 | € 2642 | € 1321 |
| FTSE 100 Index | FTSE | ICEEUF | £ 3702 | £ 3365 | £ 3702 |
| MDAX | F2MX | EUREX | € 11328 | € 11328 | € 5664.00 |
| Micro E-mini Dow | MYM | CBOT | $ 605 | $ 550 | $ 100 |
| Micro E-mini Nasdaq-100 | MNQ | CME | $ 825 | $ 750 | $ 100 |
| Micro E-mini Russell 2000 | M2K | CME | $ 352 | $ 320 | $ 100 |
| Micro E-mini S&P 500 | MES | CME | $ 660 | $ 660 | $ 100 |
| Mini-DAX | FDXM | EUREX | € 4795 | € 4795 | € 2397.50 |
| MSCI EAFE Index | MFS | ICE | $ 4950 | $ 4500 | $ 2475.00 |
| MSCI Emerging Market Index | MME | ICE | $ 2860 | $ 2600 | $ 1430.00 |
| Nikkei 225/USD | NKD | CME | $ 5610 | $ 5100 | $ 2805 |
| Nikkei 225/Yen | NIY | CME | ¥ 561000 | ¥ 510000 | ¥ 280500 |
| NYSE FANG+ Index | FNG | ICEUSRP | $ 8882 | $ 8074 | $ 1000 |
| S&P 500 | ZSP | CME | $ 36300 | $ 33000 | $ 36300 |
| STOXX Europe 50 Index | FSTX | EUREX | € 2060 | € 2060 | € 1030 |
| TecDAX | FTDX | EUREX | € 2446 | € 2446 | € 1223 |
| VSTOXX | FVS | EUREX | € 462 | € 462 | € 231 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Feeder Cattle | GF | CME | $ 3712 | $ 3375 | $ 3712 |
| Lean Hog | HE | CME | $ 2420 | $ 2200 | $ 2420 |
| Live Cattle | LE | CME | $ 1980 | $ 1800 | $ 1980 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| 1,000-oz. Silver | SIL | COMEX | $ 1210 | $ 1100 | $ 1210 |
| Copper | GHG | COMEX | $ 2970 | $ 2700 | $ 1485 |
| E-Micro Gold | MGC | COMEX | $ 550 | $ 500 | $ 275 |
| E-Mini Copper | QC | COMEX | $ 1485 | $ 1350 | $ 742.5 |
| E-mini Gold | QO | COMEX | $ 2750 | $ 2500 | $ 1375 |
| E-Mini Silver | QI | COMEX | $ 3025 | $ 2750 | $ 3025 |
| Gold | GGC | COMEX | $ 5500 | $ 5000 | $ 1500 |
| Gold (ICE) | ZG | ICE | $ 4680 | $ 4254 | $ 2340 |
| Gold Kilo | GCK | COMEX | $ 1540 | $ 1400 | $ 770 |
| Mini-Gold (ICE) | ZYG | ICEUSRP | $ 1505 | $ 1368 | $ 752.5 |
| Mini-Silver (ICE) | YI | ICEUSRP | $ 1010 | $ 918 | $ 1010 |
| Palladium | GPA | COMEX | $ 16280 | $ 14800 | $ 16280 |
| Platinum | GPL | COMEX | $ 2420 | $ 2200 | $ 2420 |
| Silver | GSI | COMEX | $ 6050 | $ 5500 | $ 6050 |
| Silver (ICE) | ZI | ICE | $ 5049 | $ 4590 | $ 5049 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Cash-Settled Cheese | CSC | CME | $ 1628 | $ 1480 | $ 814 |
| Cocoa | CC-M | ICE | $ 2090 | $ 1900 | $ 1045.00 |
| Cocoa TAS | CC-M-S | ICE | $ 2090 | $ 1900 | $ 2090.00 |
| Coffee | KC-M | ICE | $ 4455 | $ 4050 | $ 2227.5 |
| Coffee TAS | KC-M-S | ICE | $ 3300 | $ 3000 | $ 3300.00 |
| Cotton No. 2 | CT-M | ICE | $ 2915 | $ 2650 | $ 1,457.50 |
| Cotton TAS | CT-M-S | ICE | $ 2915 | $ 2650 | $ 1457.50 |
| London Cocoa | COA | ICEEUS | $ 1353 | $ 1230 | $ 676.5 |
| Milk Class III | DA | CME | $ 1584 | $ 1440 | $ 792 |
| Milk Class IV | DK | CME | $ 1350 | $ 1000 | $ 675.00 |
| Orange Juice | OJ-M | ICE | $ 1386 | $ 1260 | $ 693.00 |
| Orange Juice TAS | OJ-M-S | ICE | $ 1386 | $ 1260 | $ 1386.00 |
| Random Length Lumber | LBS | CME | $ 1760 | $ 1600 | $ 880.00 |
| Robusta Coffee | COF10 | ICEEUS | $ 957 | $ 870 | $ 478.5 |
| Sugar No. 11 | SB-M | ICE | $ 1047 | $ 952 | $ 523.50 |
| Sugar TAS | SB-M-S | ICE | $ 1047 | $ 952 | $ 1047.00 |
| White Sugar | WSG | ICEEUS | $ 1041 | $ 946 | $ 520.5 |
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. GAIN Capital 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).