Hi, newbie here. How much money is needed to day trade 1 E-mini S&P 500 contract? The price of 1 sp500 emini contract is $50 x E-mini S&P 500 futures price. Assuming SP500 is at 1100. So the price per contract would be $55000. Intraday Initial Margin is $1406. Intraday Maintenance margin is $1125. Does this means I need $56406 ($55000+$1406)just to start trading 1 e-mini sp500 contract? How much leverage is allow in emini sp500?