Due to volatility in the market, please see the below margin requirements:
- Micro Indices – 25% initial margin up to 20 contracts.
- Any customer with 20+ Micro Indices all contracts will be margined at 100%.
- E-mini Indices – 50% initial margin up to 10 contacts.
- Any customer with 10 + E-mini Indices all contracts will be margined at 100%.
- Energy markets (Crude, Heating Oil, and RBOB) will be at 200% Initial Margin.
- All other markets will be at 100% Exchange Initial Margin.
- At the 4pm CT, close all margins will be at the 100% level except Energies at 200%.
Please be aware that your account must be at full required margin at the 4pm close or your account may be liquidated.
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.
| 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 Cal Spd | 6A FTS | CME | $ | $ | $ |
| Brazilian Real Cal Spd | 6L FTS | CME | $ | $ | $ |
| British Pound Cal Spd | 6B FTS | CME | $ | $ | $ |
| Canadian Dollar Cal Spd | 6C FTS | CME | $ | $ | $ |
| E-mini Euro FX Cal Spd | E7 FTS | CME | $ | $ | $ |
| E-Mini JPY/USD Cal Spd | J7 FTS | CME | $ | $ | $ |
| Euro Fx Cal Spd | 6E FTS | CME | $ | $ | $ |
| Euro/British Pound Cal Spd | RP FTS | CME | £ | £ | £ |
| Euro/Japanese Yen Cal Spd | RY FTS | CME | ¥ | ¥ | ¥ |
| Euro/Swiss Franc Cal Spd | RF FTS | CME | CHF | CHF | CHF |
| Japanense Yen Cal Spd | 6J FTS | CME | $ | $ | $ |
| Mexican Peso Cal Spd | 6M FTS | CME | $ | $ | $ |
| Newzeland Dollar Cal Spd | 6N FTS | CME | $ | $ | $ |
| South African Rand Cal Spd | 6Z FTS | CME | $ | $ | $ |
| Swiss Franc Cal Spd | 6S FTS | CME | $ | $ | $ |
| US Dollar Index Cal Spd | DX-M FTS | ICE | $ | $ | $ |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Crude Oil Cal Spd | GCL FTS | NYMEX | $ | $ | $ |
| E-mini Crude Oil Cal Spd | QM FTS | NYMEX | $ | $ | $ |
| E-Mini Natural Gas Cal Spd | QG FTS | NYMEX | $ | $ | $ |
| E-Mini RBOB Gasoline Cal Spd | QU FTS | NYMEX | $ | $ | $ |
| Ethanol Cal Spd | ZE FTS | CME | $ | $ | $ |
| Heating Oil Cal Spd | GHO FTS | NYMEX | $ | $ | $ |
| Natural Gas Cal Spd | GNG FTS | NYMEX | $ | $ | $ |
| NY Harbor ULSD Crack Spread | GHO-GCL CS | NYMEX | $ 0 | $ 0 | $ 0 |
| RBOB Cal Spd | GRB FTS | NYMEX | $ | $ | $ |
| RBOB Gasoline Crack Spread | GRB-GCL CS | NYMEX | $ 0 | $ 0 | $ 0 |
| RBOB Gasoline vs. NY Harbor ULSD | GRB-GHO CS | NYMEX | $ | $ | $ |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| 10-Yr US T-Note Cal Spd | ZN FTS | CBOT | $ | $ | $ |
| 2-Yr T-Note Cal Spd | ZT FTS | CBOT | $ | $ | $ |
| 30-Day Fed Funds Cal Spd | ZQ FTS | CBOT | $ | $ | $ |
| 30-Yr US T-Bonds Cal Spd | ZB FTS | CBOT | $ | $ | $ |
| 5-Yr T-Note Cal Spd | ZF FTS | CBOT | $ | $ | $ |
| Euro-Bobl Cal Spd | FGBM FTS | EUREX | € | € | € |
| Euro-BTP Calendar Spd. | FBTP FTS | EUREX | $ 0 | $ N/A | $ 0.00 |
| Euro-Bund Cld Spd | FGBL FTS | EUREX | € | € | € |
| Euro-Buxl Calendar Sprd. | FGBX FTS | EUREX | $ 0 | $ 0 | $ 0.00 |
| Eurodollar Cal Spd | GE FTS | CME | $ | $ | $ |
| Euro-OAT Calendar Spd. | FOAT FTS | EUREX | $ 0 | $ 0 | $ 0.00 |
| Euro-Schatz Cal Spd | FGBS FTS | EUREX | € | € | € |
| Libor Cal Spd | GLB FTS | CME | $ | $ | $ |
| Ultra 10-Year Note Cal. Spd. | TN FTSRTS | CBOT | $ | $ | $ |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Corn Cal Spd | ZC FTS | CME | $ | $ | $ |
| KC Wheat/CBOT Corn Spread | KE-ZC CS | CBOT | $ 0 | $ 0 | $ 0.00 |
| KC/CBOT Wheat Spd | KE-ZW CS | CBOT | $ 0 | $ 0 | $ 0 |
| MGEX/CBOT Wheat Spd | MWE-ZW CS | CBOT | $ N/A | $ N/A | $ N/A |
| MGEX/KCBOT Wheat Spread | MWE-KE CS | CBOT | $ 2151 | $ 1710 | $ N/A |
| Mini Corn Cal Spd | XC FTS | CME | $ | $ | $ |
| Mini Soybean Cal Spd | XB FTS | CME | $ | $ | $ |
| Mini Wheat Cal Spd | XW FTS | CME | $ | $ | $ |
| Oats Cal Spd | ZO FTS | CME | $ | $ | $ |
| Rough Rice Cal Spd | ZR FTS | CME | $ | $ | $ |
| Soybean Meal Cal Spd | ZM FTS | CME | $ | $ | $ |
| Soybean Oil Cal Spd | ZL FTS | CME | $ | $ | $ |
| Soybeans Cal Spd | ZS FTS | CME | $ | $ | $ |
| Wheat Cal Spd | ZW FTS | CME | $ | $ | $ |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| DAX Cal Spd | FDAX FTS | EUREX | € | € | € |
| E-Mini Dow ($5) Cal Spd | YM FTS | CBOT | $ | $ | $ |
| E-Mini NASDAQ 100 Cal Spd | NQ FTS | CME | $ | $ | $ |
| E-Mini S&P 500 Cal Spd | ES FTS | CME | $ | $ | $ |
| E-mini S&P MidCap 400 Cal Spd | EMD FTS | CME | $ | $ | $ |
| EURO STOXX 50 Index Cal Spd | FESX FTS | EUREX | € | € | € |
| MDAX Cal Spd | F2MX FTS | EUREX | $ | $ | $ |
| Mini Dax Cal. Spd. | FDXM FTS | EUREX | EUR 0 | EUR 0 | EUR 0 |
| Mini Russell 2000 Cal Spd | RLM-M FTS | ICE | $ | $ | $ |
| Nikkei 225 (Yen) Cal Spd | NIY FTS | CME | ¥ | ¥ | ¥ |
| Nikkei 225 Cal Spd | NKD FTS | CME | $ | $ | $ |
| STOXX Europe 50 Index Cal Spd | FSTX FTS | EUREX | € | € | € |
| VIX Calendar Spd. | VX FTS | CFE | $ 13750 | $ 12500 | $ 6875 |
| VSTOXX Calendar Spd. | FVS FTS | EUREX | $ 0 | $ 0 | $ 0.00 |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Feeder Cattle Cal Spread | GF FTS | CME | $ | $ | $ |
| Lean Hog Cal Spread | HE FTS | CME | $ | $ | $ |
| Live Cattle Cal Spread | LE FTS | CME | $ | $ | $ |
| Live Cattle/Lean Hog Spread | HE-LE | CME | $ | $ | $ |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| 1,0000oz. Silver Cal. Spd. | SIL FTS | COMEX | $ N/A | $ N/A | $ N/A |
| Copper Cal Spd | GHG FTS | COMEX | $ | $ | $ |
| E-Micro Gold Cal Spd | QO FTS | COMEX | $ | $ | $ |
| E-Mini Copper Cal Spd | QC FTS | COMEX | $ | $ | $ |
| E-Mini Silver Cal Spd | QI FTS | COMEX | $ | $ | $ |
| Gold (ICE) Cal Spd | ZG FTS | ICE | $ | $ | $ |
| Gold Cal Spd | GGC FTS | COMEX | $ | $ | $ |
| Gold Kilo Cal. Spd. | GCK FTS | COMEX | $ 2090 | $ 1900 | $ 1045 |
| Mini-Gold (ICE) Cal Spd | ZYG FTS | ICE | $ | $ | $ |
| Mini-Silver (ICE) Cal Spd | YI FTS | ICE | $ | $ | $ |
| Palladium Cal Spd | GPA FTS | NYMEX | $ | $ | $ |
| Platinum Cal Spd | GPL FTS | NYMEX | $ | $ | $ |
| Silver (ICE) Cal Spd | ZI FTS | ICE | $ | $ | $ |
| Name | Symbol | Exchange | Init. Margin | Maint. Margin | Day |
|---|---|---|---|---|---|
| Cocoa Cal Spd | CC-M FTS | ICE | $ | $ | $ |
| Coffee Cal Spd | KC-M FTS | ICE | $ | $ | $ |
| Cotton No. 2 Cal Spd | CT-M FTS | ICE | $ | $ | $ |
| Frozen OJ Cal Spd | OJ-M FTS | ICE | $ | $ | $ |
| Milk Class III Cal Spd | DA FTS | CME | $ 1804 | $ 1640 | $ 902 |
| Sugar No. 11 Cal Spd | SB-M FTS | ICE | $ | $ | $ |
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).
Read important information about recent market volatility,