Emini's for $500 margin?

Discussion in 'Retail Brokers' started by dowsallwet, Mar 4, 2003.

  1. Does anyone know of the reputation of a online broker called daytrade4less?


    The margin is excessively low and I'm wondering if that should throw up a red flag? Other than the usual caveat to the trader about trading futures etc.

  2. Brandonf

    Brandonf ET Sponsor

    I think $500 is just a little low :) Esp given that it can move more then that on a hiccup.

  3. Normally the red flag is thrown up when someone tries to tout a company on their first post.
  4. Dude,

    That's not a tout. It's an honest question. I was thinking about doing this but I just wanted to know if this company was legit. Or if there's anything that I should be careful about.

    Rosenthal is backing them but I wonder...

    That's all.

    Gee such paranoia!!
  5. 1 contract to 49 contracts require $500 day margin for E mini SP & E mini NQ.
    50+ contracts require $1000* day margin (ES & NQ).
    100+ contracts require additional margin (ES & NQ)

    So the more experienced you are, the more margin you need
  6. with 500 bucks the time you last could be as low as hours instead of days.

  7. experienced ??

  8. the ability to day trade one emini contract with 500.00 margin is a good thing. it allows anyone to trade bigger size as their experience increases, without excessive capital reserves. note this is refering to hands on day trading, it takes a little more than a hiccup for one NQ to move against you 500.00. i have not used global futures, but have tried their simulator. its a normal PAT system and works well. in addition, my research indicates that global futures ( daytrade4less.com) is a legit company.


  9. H2O


    This firm has been around for a while. I heard some good things about them although I do NOT trade with them.

    They have the following web sites :


    See other threaths on Elitetrader for more info.

    Hope this helps
    #10     Mar 4, 2003