Any Retail brokers with < $3800 overnight ES margin?

Are there any retail brokers that offer less than $3800 per ES contract overnight margin requirements?

Thanks,

Raystonn

 

Raystonn,

As far as I understand it, it is the exchanges that actually set the overnight margin rate but have little interest in the intra-day margin rate that brokers offer.

Richard

 

Global Futures and several other brokerages offer $4,000 overnight margin.

Technically, that's as low as you can go (it's the amount set by the exchanges).

Good Luck,

Jimmy

 

Jimmy Jazz:

$4000>$3800

 

Current exchange and IB requirement is initial margin 3938 and maintenance 3150. It is illegal to require less then that. Maintenance margin 3150 means that you need to support this level to keep a position overnight. 3150 < 3800. You need 3938 to open a new position after 15 PM in Chicago.

 

After 15.15 PM at Global Futures, which is great.