IB Initial Margin on ES is 22,000

This is nuts!!! I do not trade this contract, but this is crazy

 

My initial went up 40% and day trade rate went up over 270%.

 

Well they don't want to be holding the bag.... Ib is forced liquidation

 

What would you do? Just let speculators with less dollars than sense gamble recklessly in a market that has had 3 successive limit down days?

 

Trade MES if needed

 

Did it go up again? IB page shows ES intraday initial margin as $22,282.40
https://www.interactivebrokers.com/en/index.php?f=26662

 

I had the same, just rounded to 22K

 

Thats insane . They raised the mes from $1100 or so to $2220 ish. Many brokers were at $40 per mes intraday Then $400.

 

hafez50-With all due respect, the front month future is limit down 128.50 points. 128.50*$50 = $6425. If you were long 1 ES future, and your account equity was below $0, I could not liquidate you right now. Would you, with your money as the FCM, take less than the CME margin right now for trading overnight with little or no liquidity?

 

Raising margin is not crazy but wise. As a customer of IB who doesn't use insane leverage, I feel safe with my money in IB.