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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 26,386 € 32,982 € 37,694 € 47,117 € 25 €
(1 tick = 1)
Mini DAX Future 5,278 € 6,597 € 7,539 € 9,424 € 5 €
(1 tick = 1)
EuroStoxx50 Future 2,800 € 3,500 € 4,000 € 5,000 € 10 €
(1 tick = 1)
STOXX50 Future 3,263 € 4,079 € 3,263 € 4,079 € 10 €
(1 tick = 1)
SMI Future 5,631 CHF 7,039 CHF 8,044 CHF 10,055 CHF 10 CHF
(1 tick = 1)
Bobl Future 1,045 € 1,307 € 1,045 € 1,307 € 10 €
(1 tick = 0.01)
Bund Future 3,079 € 3,849 € 3,079 € 3,849 € 10 €
(1 tick = 0.01)
Buxl Future 9,640 € 12,050 € 9,640 € 12,050 € 20 €
(1 tick = 0.02)
Schatz Future 380 € 475 € 380 € 475 € 5 €
(1 tick = 0.005)
OAT Future 2,864 € 3,580 € 2,864 € 3,580 € 10 €
(1 tick = 0.01)
Short-Term BTP Future 1,844 € 2,304 € 1,844 € 2,304 € 10 €
(1 tick = 0.01)
Long-Term BTP Future 4,863 € 6,078 € 4,863 € 6,078 € 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 3,851 € 4,813 € 5,501 € 6,876 € 5 €
(1 tick = 0.5)
Milling Wheat Futures 605 € 757 € 605 € 757 € 12.5 €
(1 tick = 0.25)
European Rapeseed Future 780 € 975 € 780 € 975 € 12.5 €
(1 tick = 0.25)
Corn 562 € 702 € 562 € 702 € 12.5 €
(1 tick = 0.25)
  • 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 12,239 € 15,298 € 17,484 € 21,855 € 25 €
(1 tick = 5)
Mini FTSE MIB Future 2,448 € 3,060 € 3,497 € 4,371 € 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 7,000 € 8,750 € 10,000 € 12,500 € 10 €
(1 tick = 1)
Mini IBEX Future 700 € 875 € 1,000 € 1,250 € 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 7,001 € 8,751 € 10,001 € 12,501 € 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
Micro E-mini S&P 500 Future 788 $ 867 $ 1,125 $ 1,238 $ 1.25 $
(1 tick = 0.25)
E-mini S&P 500 Future 7,875 $ 8,662 $ 11,250 $ 12,375 $ 12.5 $
(1 tick = 0.25)
Micro E-mini NASDAQ 100 Future 1,407 $ 1,548 $ 2,010 $ 2,211 $ 0.5 $
(1 tick = 0.25)
E-mini NASDAQ 100 Future 14,070 $ 15,477 $ 20,099 $ 22,109 $ 5 $
(1 tick = 0.25)
Micro E-mini Russell 2000 Future 634 $ 792 $ 905 $ 1,131 $ 0.5 $
(1 tick = 0.1)
E-mini Russell 2000 Future 6,333 $ 7,916 $ 9,047 $ 11,309 $ 5 $
(1 tick = 0.1)
E-mini S&P 400 Future 13,634 $ 17,043 $ 13,634 $ 17,043 $ 10 $
(1 tick = 0.1)
E-mini Euro FX Future 2,282 $ 2,853 $ 2,282 $ 2,853 $ 6.25 $
(1 tick = 0.0001)
E-mini JPY Future 1,807 $ 2,258 $ 1,807 $ 2,258 $ 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
Micro E-Mini DJ Future 630 $ 725 $ 900 $ 1,035 $ 0.5 $
(1 tick = 1)
E-mini DJ Future 6,300 $ 7,245 $ 9,000 $ 10,350 $ 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 2,050 $ 2,563 $ 2,050 $ 2,563 $ 12.5 $
(1 tick = 0.025)
E-mini Heating Oil Future 2,738 $ 3,422 $ 2,738 $ 3,422 $ 21 $
(1 tick = 0.001)
E-mini Natural Gas Future 1,013 $ 1,266 $ 1,013 $ 1,266 $ 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) 3,481 $ 4,351 $ 3,481 $ 4,351 $ 25 $
(1 tick = 0.002)
E-miNY Gold Future (QO) 5,000 $ 6,250 $ 5,000 $ 6,250 $ 12.5 $
(1 tick = 0.25)
E-miNY Silver Future (QI) 8,154 $ 11,008 $ 8,154 $ 11,008 $ 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 4,564 $ 5,705 $ 4,564 $ 5,705 $ 12.5 $
(1 tick = 0.0001)
AUD/USD Future 2,563 $ 3,204 $ 2,563 $ 3,204 $ 10 $
(1 tick = 0.0001)
CAD/USD Future 2,375 $ 2,969 $ 2,375 $ 2,969 $ 10 $
(1 tick = 0.0001)
CHF/USD Future 4,231 $ 5,288 $ 4,231 $ 5,288 $ 12.5 $
(1 tick = 0.0001)
GBP/USD Future 4,278 $ 5,347 $ 4,278 $ 5,347 $ 6.25 $
(1 tick = 0.0001)
JPY/USD Future 3,613 $ 4,516 $ 3,613 $ 4,516 $ 12.5 $
(1 tick = 0.0001)
MXN/USD Future 1,511 $ 1,889 $ 1,511 $ 1,889 $ 12.5 $
(1 tick = 0.0025)
NZD/USD Future 2,168 $ 2,710 $ 2,168 $ 2,710 $ 10 $
(1 tick = 0.0001)
EUR/CHF Future 5,400 CHF 6,750 CHF 5,400 CHF 6,750 CHF 12.5 CHF
(1 tick = 0.0001)
EUR/GBP Future 5,558 £ 6,947 £ 5,558 £ 6,947 £ 6.25 £
(1 tick = 0.00005)
EUR/JPY Future 473,400 JPY 591,750 JPY 473,400 JPY 591,750 JPY 1,250 JPY
(1 tick = 0.01)
Nikkei $ 225 Future (NKD) 7,002 $ 8,752 $ 10,003 $ 12,503 $ 25 $
(1 tick = 5)
Eurodollar Future 263 $ 328 $ 263 $ 328 $ See CME site
E-micro Euro FX Future 457 $ 571 $ 457 $ 571 $ 1.25 $
(1 tick = 0.0001)
E-micro GBP/USD Future 428 $ 535 $ 428 $ 535 $ 0.625 $
(1 tick = 0.0001)
Class III Milk Future 2,542 $ 3,177 $ 2,542 $ 3,177 $ 20 $
(1 tick = 0.01)
Feeder Cattle Future 5,554 $ 6,942 $ 5,554 $ 6,942 $ 12.5 $
(1 tick = 0.025)
Lean Hogs Future 3,005 $ 3,757 $ 3,005 $ 3,757 $ 10 $
(1 tick = 0.025)
Live Cattle Future 3,296 $ 4,120 $ 3,296 $ 4,120 $ 10 $
(1 tick = 0.025)
Lumber Future 10,328 $ 12,910 $ 10,328 $ 12,910 $ 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 432 $ 540 $ 432 $ 540 $ See CME site
5 Year T-Note Future 813 $ 1,016 $ 813 $ 1,016 $ See CME site
10 Year T-Note Future 1,663 $ 2,078 $ 1,663 $ 2,078 $ See CME site
30 Year T-Bond Future 5,061 $ 6,327 $ 5,061 $ 6,327 $ See CME site
Corn Future 2,020 $ 2,524 $ 2,020 $ 2,524 $ 12.5 $
(1 tick = 0.25)
Oat Future 1,520 $ 1,900 $ 1,520 $ 1,900 $ 12.5 $
(1 tick = 0.25)
Soybean Future 4,559 $ 5,698 $ 4,559 $ 5,698 $ 12.5 $
(1 tick = 0.25)
Soybean Oil Future 1,495 $ 1,868 $ 1,495 $ 1,868 $ 6 $
(1 tick = 0.01)
Soybean Meal Future 3,864 $ 4,830 $ 3,864 $ 4,830 $ 10 $
(1 tick = 0.1)
Wheat Future 2,882 $ 3,603 $ 2,882 $ 3,603 $ 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) 2,850 $ 3,563 $ 2,850 $ 3,563 $ 10 $
(1 tick = 0.01)
Crude Oil Future 7,500 $ 9,375 $ 7,500 $ 9,375 $ 10 $
(1 tick = 0.01)
Heating Oil Future 3,900 $ 4,875 $ 3,900 $ 4,875 $ 4.2 $
(1 tick = 0.0001)
Natural Gas Future 4,399 $ 5,498 $ 4,399 $ 5,498 $ 10 $
(1 tick = 0.001)
RBOB Gas Future 4,400 $ 5,500 $ 4,400 $ 5,500 $ 4.2 $
(1 tick = 0.0001)
Palladium Future 27,752 $ 34,690 $ 27,752 $ 34,690 $ 5 $
(1 tick = 0.05)
Platinum Future 6,395 $ 7,993 $ 6,395 $ 7,993 $ 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) 6,961 $ 8,702 $ 6,961 $ 8,702 $ 12.5 $
(1 tick = 0.0005)
Gold Future (GC) 10,000 $ 12,500 $ 10,000 $ 12,500 $ 10 $
(1 tick = 0.1)
Silver Future (SI) 16,308 $ 22,015 $ 16,308 $ 22,015 $ 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 99,013 $ 123,766 $ 99,013 $ 123,766 $ 160,000 $ 200,000 $ 25 $
(1 tick = 5)
  • Forex CFD

The margin rate for a currency pair is the maximum between the rates of the two currencies.

Currency Margin(1) Margin examples with position value of
Initial margin Position Maintenance 10,000 50,000
Initial margin Position Maintenance Initial margin Position Maintenance
USD, CAD 3.33 % 2.5 % 333 250 1,665 1,250
EUR, JPY, CHF 3.33 % 3 % 333 300 1,665 1,500
AUD, NOK, NZD, SEK 5 % 3 % 500 300 2,500 1,500
CZK, HUF, ILS, PLN, SGD 5 % 5 % 500 500 2,500 2,500
GBP 7 % 5 % 700 500 3,500 2,500
DKK 10 % 5 % 1,000 500 500 2,500
MXN 10 % 6 % 1,000 600 5,000 3,000
ZAR 10 % 7 % 1,000 700 5,000 3,500
HKD, KRW, THB 10 % 10 % 1,000 1,000 5,000 5,000
CNH 12 % 12 % 1,200 1,200 6,000 6,000
RUB 20 % 20 % 2,000 2,000 10,000 10,000
TRY 30 % 30 % 3,000 3,000 15,000 15,000
  • Cash Currency

The margin rate for a currency pair is the maximum between the rates of the two currencies.

Currency Margin(1) Margin examples with position value 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 7 % 700 3,500 7,000
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
  • Maximum order size
Currency Maximum order size
AUD 6,000,000
CAD 6,000,000
CHF 6,000,000
CNH 40,000,000
CZK 7,000,000
DKK 35,000,000
EUR 6,000,000
GBP 5,000,000
HKD 50,000,000
HUF 7,000,000
ILS 7,000,000
JPY 550,000,000
KRW 200,000,000
MXN 70,000,000
NOK 35,000,000
NZD 8,000,000
PLN 7,000,000
RUB 30,000,000
SEK 40,000,000
SGD 8,000,000
USD 7,000,000
ZAR 100,000,000
  • Precious metals
Metal Margin(1) Margin examples with position value 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.