can u daytrade index futures without margin account?

Discussion in 'Trading' started by qwert, Feb 21, 2008.

  1. qwert

    qwert

    can u trade index futures[ es, ym er2] without a margin account. can u trade more than one round trip a day without the pattern day trader halt of your account? can u trade agriculture futures with just a cash account?
    side note, what if u traded 3 round trip trades in a day with a cash account and entered a fourth that you had to close. would u be stuck with that trade until the next day, or would your account be froze and your stuck with it longer?
     
  2. You don't need a margin account to trade futures. You just have to have enough money in your account to cover the margin for trading the eminis. You could trade 1000 times a day if you wanted to, there are no day trading rules.
     
  3. ammo

    ammo

    PM truff on et, get your answers
     
  4. technically, futures are not traded with "margin"

    that;'s why you CAN trade futures in an IRA but can't short stocks or use leverage with stocks
     
  5. Gyles

    Gyles

    In simple words, “Margin in futures” is a good faith deposit, while in “Stocks” you are actually borrowing the money.