Based on customer feedback, NinjaTrader Brokerage has further reduced margins for Crude Oil (CL) and Gold (GC). Effective September 29th, day trading margin requirements for these contracts have been lowered to the following: · $1000 for Crude Oil (CL) · $1000 for Gold (GC) NinjaTrader Brokerage offers aggressive day trading margins on all contracts including $500 per contract for the ES and the 6E. While we strive to deliver on customer input, we also want our clients to exercise caution when using a high degree of leverage to trade these markets. Please read and understand the risks involved with trading futures: Risk Disclosure.
And the difference between "aggressive day trading margins" and foolishly low day trading margins is ??? That $1000 CL margin wouldn't last long on a day like today. CL today is down $3200 a contract. CL today dropped $860 a contract in less than 2 minutes and a few minutes later dropped $910 a contract in less than 3 minutes. If someone opens an account with $100K, how many contracts can be done with these "aggressive day trading margins ?
None of that has anything to do with risk control. How big is your initial stop per contract? What is actually being risked per trade? That's the detail you left out that matters. Mine for CL is -5 ticks / -$50 per CL contract from fill. So a 5-lot using $5,000 margin of an x-thousand dollar account would risk -$250 (plus potential slippage) on the position, with remainder of account margin available for other markets / symbols And on a side note, only a complete newbie or total moron would be buying today's session... it was 100% sell all day once the opening 5min range broke on a close. No amount of margin in the world can save CL traders who don't know how to trade sessions like this. NinjaTrader Brokerage is the best futures broker in the business, period!
The maximum position size is 10 for both CL and GC. If a customer requires a higher position size, this would require more margin per contract and is done on a case-by-case basis. We have made our entire list of available contracts, along with margins, maximum position size and commissions publicly available here: http://www.ninjatraderbrokerage.com/sites/default/files/pdf/NinjaTrader_Futures_Product_Info.pdf
wtf you're back? Why don't you show us another NT ladder posing as a blotter? You were close on the combine, however. Just needed CL, hookers and blackjack... well, let's forget the CL.
The margins the futures industry allows are insane. The NFA and CFTC shut down forex firms from offering 200:1 leverage and reduced it to a max of 50:1 for majors and 20:1 for minors. However, the same NFA allow futures day trade margins of $500 for the ES. So if the ES is at say 1950, the value of one contract is 1950 * 50 = $97,500. So you can trade $97,500 for $500 that is 195 times leverage. This is an industry issue. You can't blame Ninja for offering this they are completely within the rules and only competing with other firms that do the same. However, you do have to look at the regulators and say WTF how can you allow 195;1 leverage.
No one is forcing the trader to leverage out they are simply being given that opportunity. I have always liked having as many arrows in the quiver as possible whether I draw them or not.