Margin on currency futures

hi folks,

am new to forex and trading with IB.

the margin for a Eur/Usd futures contract from CME is:

intraday initial $ 506
intraday maintenance $ 375
overnight initial $ 1013
overnight maintenace $ 750

now I buy a futures contract and keep it for 2 weeks.......
how much margin would that be?

thanks for your help

CME Globex margin for 6E future (Euro/$) thru IB is $3105 overnight, $1552 day-trade, no matter how long you hold it. I don't know if IB charges any interest. This is for the full size 125000 euro contract. What you show above must be for the mini.(?)..

thanks Kenz,

yep, thats for the mini

for 6E the initial margin is like you said $ 3105

could you explain what the maintenance margin of $ 2,300 has to do with it?

thanks

If I understand it correctly: If you open a position that goes against you a certain amount (and I am not sure how much(?) - ask IB), then you are required to deposit more margin of 2300 to keep the position open. Never ever let a position get in the red that much! One thing I have noticed about many of the "mini" contracts is the spread is just too big. You would need to be a position trader to make it worthwhile (if even then). Another choice if you want to play the currencies longer term with small amounts of money are the "world currency options" on the PHLX (others on ETFs etc) - which can be traded (I think) thru IB.

thanks Kenz, I think you`re right on the money

take care

Always contact your broker for questions and concerns with your platform or balance. You will receive a faster response my friend.

depends on your broker