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Indicative margin requirements

  • Eurex Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
DAX Future 10,789 € 13,487 € 21,578 € 26,973 € 12.5 €
(1 tick = 0.5)
Mini DAX Future 2,158 € 2,698 € 4,316 € 5,395 € 5 €
(1 tick = 1)
EuroStoxx50 Future 1,193 € 1,491 € 2,385 € 2,982 € 10 €
(1 tick = 1)
STOXX50 Future 2,190 € 2,737 € 2,190 € 2,737 € 10 €
(1 tick = 1)
SMI Future 3,315 CHF 4,144 CHF 6,630 CHF 8,288 CHF 10 CHF
(1 tick = 1)
Bobl Future 535 € 669 € 1,070 € 1,338 € 10 €
(1 tick = 0.01)
Bund Future 1,120 € 1,400 € 2,240 € 2,800 € 10 €
(1 tick = 0.01)
Buxl Future 3,150 € 3,938 € 6,300 € 7,875 € 20 €
(1 tick = 0.02)
Schatz Future 200 € 250 € 400 € 500 € 5 €
(1 tick = 0.005)
OAT Future 1,035 € 1,294 € 2,070 € 2,588 € 10 €
(1 tick = 0.01)
Short-Term BTP Future 1,890 € 2,363 € 1,890 € 2,363 € 10 €
(1 tick = 0.01)
Long-Term BTP Future 4,620 € 5,775 € 4,620 € 5,775 € 10 €
(1 tick = 0.01)
  • French Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
FCE CAC40 1,605 € 2,007 € 3,210 € 4,013 € 5 €
(1 tick = 0.5)
  • Italian Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
FTSE MIB Future 4,730 € 5,912 € 9,459 € 11,824 € 25 €
(1 tick = 5)
Mini FTSE MIB Future 946 € 1,183 € 1,892 € 2,365 € 5 €
(1 tick = 5)
  • Spanish Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
IBEX 35 Future 3,750 € 4,688 € 7,500 € 9,375 € 10 €
(1 tick = 1)
Mini IBEX Future 375 € 469 € 750 € 938 € 5 €
(1 tick = 5)
  • Netherlands Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
AEX Future 3,000 € 3,750 € 6,000 € 7,500 € 10 €
(1 tick = 0.05)
  • CME E-mini Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
E-mini NASDAQ 100 Future 3,600 $ 4,499 $ 7,199 $ 8,998 $ 5 $
(1 tick = 0.25)
E-mini Russell 2000 Future 1,948 $ 2,434 $ 3,895 $ 4,868 $ 5 $
(1 tick = 0.1)
E-mini S&P 500 Future 3,466 $ 4,332 $ 6,931 $ 8,664 $ 12.5 $
(1 tick = 0.25)
E-mini S&P 400 Future 9,429 $ 11,787 $ 9,429 $ 11,787 $ 10 $
(1 tick = 0.1)
E-mini Euro FX Future 2,757 $ 3,447 $ 2,757 $ 3,447 $ 6.25 $
(1 tick = 0.0001)
E-mini JPY Future 1,575 $ 1,969 $ 1,575 $ 1,969 $ 6.25 $
(1 tick = 0.0001)
  • CBOT E-mini Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
E-mini DJ Future 3,162 $ 3,953 $ 6,324 $ 7,905 $ 5 $
(1 tick = 1)
  • NYMEX E-mini Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
E-mini Crude Oil Future 853 $ 1,066 $ 1,705 $ 2,132 $ 12.5 $
(1 tick = 0.025)
E-mini Heating Oil Future 1,295 $ 1,619 $ 1,850 $ 2,313 $ 21 $
(1 tick = 0.001)
E-mini Natural Gas Future 342 $ 427 $ 488 $ 610 $ 12.5 $
(1 tick = 0.005)
  • COMEX E-mini Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
E-mini Copper Future (QC) 1,085 $ 1,357 $ 1,550 $ 1,938 $ 25 $
(1 tick = 0.002)
E-miNY Gold Future (QO) 1,190 $ 1,488 $ 1,700 $ 2,125 $ 12.5 $
(1 tick = 0.25)
E-miNY Silver Future (QI) 1,260 $ 1,701 $ 1,800 $ 2,430 $ 31.25 $
(1 tick = 0.0125)
  • CME Globex Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
Euro FX Future 5,514 $ 6,893 $ 5,514 $ 6,893 $ 12.5 $
(1 tick = 0.0001)
AUD/USD Future 2,112 $ 2,640 $ 2,112 $ 2,640 $ 10 $
(1 tick = 0.0001)
CAD/USD Future 2,086 $ 2,607 $ 2,086 $ 2,607 $ 10 $
(1 tick = 0.0001)
CHF/USD Future 4,780 $ 5,975 $ 4,780 $ 5,975 $ 12.5 $
(1 tick = 0.0001)
GBP/USD Future 5,836 $ 7,295 $ 5,836 $ 7,295 $ 6.25 $
(1 tick = 0.0001)
JPY/USD Future 3,150 $ 3,938 $ 3,150 $ 3,938 $ 12.5 $
(1 tick = 0.0001)
MXN/USD Future 1,200 $ 2,040 $ 1,200 $ 2,040 $ 12.5 $
(1 tick = 0.0025)
NZD/USD Future 2,415 $ 3,019 $ 2,415 $ 3,019 $ 10 $
(1 tick = 0.0001)
EUR/CHF Future 6,200 CHF 7,812 CHF 6,200 CHF 7,812 CHF 12.5 CHF
(1 tick = 0.0001)
EUR/GBP Future 7,256 £ 9,070 £ 7,256 £ 9,070 £ 6.25 £
(1 tick = 0.00005)
EUR/JPY Future 591,775 JPY 739,719 JPY 591,775 JPY 739,719 JPY 1,250 JPY
(1 tick = 0.01)
Nikkei $ 225 Future (NKD) 3,352 $ 4,190 $ 6,704 $ 8,380 $ 25 $
(1 tick = 5)
Eurodollar Future 168 $ 210 $ 335 $ 419 $ See CME site
E-micro Euro FX Future 552 $ 690 $ 552 $ 690 $ 1.25 $
(1 tick = 0.0001)
E-micro GBP/USD Future 584 $ 730 $ 584 $ 730 $ 0.625 $
(1 tick = 0.0001)
Class III Milk Future 850 $ 1,063 $ 850 $ 1,063 $ 20 $
(1 tick = 0.01)
Feeder Cattle Future 2,800 $ 3,500 $ 2,800 $ 3,500 $ 12.5 $
(1 tick = 0.025)
Lean Hogs Future 1,755 $ 2,194 $ 1,755 $ 2,194 $ 10 $
(1 tick = 0.025)
Live Cattle Future 1,500 $ 1,875 $ 1,500 $ 1,875 $ 10 $
(1 tick = 0.025)
Lumber Future 2,981 $ 3,726 $ 2,981 $ 3,726 $ 11 $
(1 tick = 0.1)
  • CBOT Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
2 Year T-Note Future 205 $ 257 $ 410 $ 513 $ See CME site
5 Year T-Note Future 340 $ 425 $ 680 $ 850 $ See CME site
10 Year T-Note Future 525 $ 657 $ 1,050 $ 1,313 $ See CME site
30 Year T-Bond Future 1,150 $ 1,438 $ 2,300 $ 2,875 $ See CME site
Corn Future 800 $ 1,000 $ 800 $ 1,000 $ 12.5 $
(1 tick = 0.25)
Oat Future 797 $ 996 $ 797 $ 996 $ 12.5 $
(1 tick = 0.25)
Soybean Future 2,050 $ 2,563 $ 2,050 $ 2,563 $ 12.5 $
(1 tick = 0.25)
Soybean Oil Future 500 $ 625 $ 500 $ 625 $ 6 $
(1 tick = 0.01)
Soybean Meal Future 1,450 $ 1,813 $ 1,450 $ 1,813 $ 10 $
(1 tick = 0.1)
Wheat Future 1,263 $ 1,579 $ 1,263 $ 1,579 $ 12.5 $
(1 tick = 0.25)
  • NYMEX Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
Brent Crude Oil Future (BZ) 3,500 $ 4,375 $ 3,500 $ 4,375 $ 10 $
(1 tick = 0.01)
Crude Oil Future 1,705 $ 2,132 $ 3,410 $ 4,263 $ 10 $
(1 tick = 0.01)
Heating Oil Future 2,590 $ 3,238 $ 3,700 $ 4,625 $ 4.2 $
(1 tick = 0.0001)
Natural Gas Future 1,365 $ 1,707 $ 1,950 $ 2,438 $ 10 $
(1 tick = 0.001)
RBOB Gas Future 2,720 $ 3,400 $ 3,885 $ 4,857 $ 4.2 $
(1 tick = 0.0001)
Palladium Future 4,750 $ 5,938 $ 4,750 $ 5,938 $ 5 $
(1 tick = 0.05)
Platinum Future 1,900 $ 2,375 $ 1,900 $ 2,375 $ 5 $
(1 tick = 0.1)
  • COMEX Futures
Instrument Intraday margin(1) Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin
Copper Future (HG) 2,170 $ 2,713 $ 3,100 $ 3,875 $ 12.5 $
(1 tick = 0.0005)
Gold Future (GC) 2,380 $ 2,975 $ 3,400 $ 4,250 $ 10 $
(1 tick = 0.1)
Silver Future (SI) 2,520 $ 3,402 $ 3,600 $ 4,860 $ 25 $
(1 tick = 0.005)
  • CME Bitcoin Future
Instrument Intraday margin(1) Overnight margin(1) Short Overnight margin(1) Value of 1 tick(1)
Position maintenance Initial margin Position maintenance Initial margin Short position maintenance Short initial margin
Bitcoin Future 15,988 $ 19,985 $ 15,988 $ 19,985 $ 200,000 $ 250,000 $ 25 $
(1 tick = 5)
  • Forex
Currency Margin(1) Margin examples with position size of
10,000 50,000 100,000
USD, CAD 2.5 % 250 1,250 2,500
EUR, JPY, AUD, CHF, SEK, NOK, NZD 3 % 300 1,500 3,000
GBP, SGD, HUF, ILS 5 % 500 2,500 5,000
CZK, MXN, DKK 10 % 1,000 5,000 10,000
HKD 12 % 1,200 6,000 12,000
CNH 15 % 1,500 7,500 15,000
  • Precious metals
Metal Margin(1) Margin examples with position size of
Position maintenance Initial margin 50,000 100,000
Position Maintenance Initial Margin Position Maintenance Initial Margin
London gold ounce (XAU/USD) 5 % 6.25 % 2,500 $ 3,125 $ 5,000 $ 6,250 $
London silver ounce (XAG/USD) 9 % 14.85 % 4,500 $ 7,425 $ 9,000 $ 14,850 $

(1)Indicative margin requirements

Margin and tick value information in this document is indicative.
Margins, Intraday margins and overnight margins are subject to frequent changes. Tick value is subject to modifications by exchanges.
Intraday margins can be suspended without prior notice (overnight margins apply in that case).
If an account holds both futures and options contracts on the same underlying asset, overnight margin always applies instead of intraday margin, even during the intraday trading day hours.