I am looking to get into futures trading on a longer term basis (weeks to a few months) after I trade in my U.S. citizenship. Unfortunately, most of my money will be tied up in my house and rental business. Figure I can put up 100k initially: 1. Are there any unexpected costs I should be aware of when holding futures for weeks or months at a time? 2. Are there any futures brokers that offer preferential treatment for high net worth, non-US residents or citizens? 3. Can you explain the special capital/margin requirements for the World Cup of Futures trading? What was the difference, say, in the margin requirements for holding gold and cattle futures overnight from when Larry Williams first one the championship to today?
You have to pay the exchanges data for live quotes but if you are swing trading/position trading you can use top of the book data for as low as $1 per month. Margin requirement has changed over the years but mostly based on volatility. We ( www.CannonTrading.com ) offer futures trading services for both US and Int'l clients and our reviews we get from all over the world are impressive. Feel free to PM with any account specific questions you may have.
Hi NoEmotionTrader- #1, not if you have the margin available to cover exchange margin. #2. We base our commissions' rates on volume/month, not your net worth. I'd say that is common. #3. I have no idea who that is or what you are referring to.