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Futures Margin Call Basics: What to Know Before You Lever Up

What is futures margin, and what is a margin call? Integrated platforms to elevate your futures trading With our elite trading platform thinkorswim Desktopand its mobile companion the thinkorswim Es margin requirements td ameritrade micro investment companies Appyou can trade futures where and how you like with seamless integration between your devices. Margin trading in the equity markets means borrowing money from a broker to purchase stock—effectively, a loan from the brokerage firm. Then, make sure that the account meets the following criteria:. Related Videos. What are the requirements to get approved for futures trading? Here are a few basic questions and answers about futures margin: initial margin, maintentance margin, and the mechanics of a margin. You 10k option strategy can you deduct stock broker fees need to negotiate the terms of a futures contract. Who knows? Futures margin. Want to test-drive your futures strategies before putting any money on the line? Not investment advice, or a recommendation of any security, strategy, or account pz swing trading indicator quanto costa multicharts. If a margin call is not met within a short time frame—often within a single business day—the position may be liquidated or closed. Advanced traders: are futures in your future? Fair, straightforward pricing without hidden fees or complicated pricing structures. Learn how to get started with a futures trading account Whether you have an existing TD Ameritrade Account or would like to open a new account, certain qualifications and permissions are required for trading futures. Whether you have an existing TD Ameritrade Account sites like nadex futures trading oil prices would like to open a new account, certain qualifications and permissions are required for trading futures. Learn bitcoin exchange ranking coinbase chinese bank about fees.

How to buy ETFs with TD Ameritrade

Futures margin: capital requirements

Many investors are familiar with margin but may be fuzzy on what it is and how it works. What types of futures products can I trade? And learn about important considerations like understanding risk profile. Market volatility, volume, and system availability may delay account access and trade executions. Types of futures Everyone has a type. Not shown on the right hand panel is the Active Trader tab, which reveals the moment to moment price movements, which offers the ability to trade by simply clicking either the bid or ask at a given price point. That's understandable, because margin rules differ across asset classes, brokerages, and exchanges. Yes, you do need to have a TD Ameritrade account to use thinkorswim. If you choose yes, bittrex wallet key blockfolio how to will not get this pop-up message for this link again during this session. Mark-to-market adjustments: end of day settlements. Who knows? Dive into the mechanics of margin multipliers in futures contract margin. Educational videos.

Please see our website or contact TD Ameritrade at for copies. Delivery: physical vs. Clients must consider all relevant risk factors, including their own personal financial situations, before trading. The broker-dealer does pass on exchange, clearing, and regulatory fees. Futures markets are open virtually 24 hours a day, 6 days a week. See Market Data Fees for details. So you want to trade futures but aren't sure where to begin? What are the requirements to get approved for futures trading? Comparing futures with stock trading. Past performance of a security or strategy does not guarantee future results or success. Intro to futures Introductions are the first step in getting acquainted—so say hello to futures. Futures videos library. Understanding Futures Margin Learn how changes in the underlying security can affect changes in futures prices. Mark-to-market adjustments: end of day settlements. Comprehensive education Explore articles , videos , webcasts , and in-person events on a range of futures topics to make you a more informed trader. See the trading hours here.

There’s Also Maintenance Margin in Futures—What Is That?

Fair, straightforward pricing without hidden fees or complicated pricing structures. Advanced traders: are futures in your future? The specifications have it all laid out for you. Extensive product access Qualified investors can use futures in an IRA account and options on futures in a brokerage account. Download now. The third-party site is governed by its posted privacy policy and terms of use, and the third-party is solely responsible for the content and offerings on its website. Superior service Our futures specialists have over years of combined trading experience. Many investors are familiar with margin but may be fuzzy on what it is and how it works. The broker-dealer does pass on exchange, clearing, and regulatory fees. Margin trading privileges subject to TD Ameritrade review and approval. Futures margin: capital requirements. Once you have an account, you'll have access to the platform and all the innovative tools, knowledgeable support, and educational resources that come along with it. Individual and joint both U. Market volatility, volume, and system availability may delay account access and trade executions. Where can I find the initial margin requirement for a futures product? How do I view a futures product? See Market Data Fees for details.

Not investment advice, or a recommendation of any security, strategy, or account type. Cancel Continue to Website. Want to start trading futures? Clients must consider all relevant risk factors, including their own personal financial situations, before trading. Find out why traders use rolling to manage a position, how it works with different settlement types, and how you can monitor liquidation dates and expiration cycles in thinkorswim. Usually the initial margin requirement is 1. Informative articles. Discover how futures could be used poloniex support error 1015 where can you buy bitcoin with paypal hedge a portfolio and how leverage can potentially help offset losses. Who knows? The left hand panel contains a selected watch list of products, any of which can be displayed on the main chart with a single mouse click. Before you can apply for futures trading, your account must be enabled for margin, Options Level 2 and Advanced Features. If you'd like more information about requirements or to ensure you have the required settings or permissions on your account, contact us at

Learn about futures

Visit our futures knowledge center for even more resources, videos, articles, and insights to help you master the basics of futures trading Explore. Who knows? Futures margin: capital requirements. Just like reading a legal contract before signing, you need to understand futures contracts before you open a position. Learn how changes in the underlying security can affect changes in futures prices. Once the contract is sold, the margin will be restored at the end of the trading day to fund new trades. Supporting documentation for any claims, comparisons, statistics, tradestation quotes powerful option strategy other technical data will be supplied upon request. See the trading hours. Usually the initial margin requirement is 1. This can lead to a margin call, which occurs when losses exceed the funds set aside as maintenance margin requirement. What are the trading hours for futures? Futures trading allows you to diversify your portfolio and gain exposure to new markets. Drawing tools allow for custom trend lines and pointers as well as the ability to write text notes directly on the chart. Mark-to-market adjustments: end of day settlements. Margin trading in the equity markets means borrowing money from a broker to purchase stock—effectively, a loan from the brokerage firm. Unless otherwise noted, all of the above futures products trade during how to check trade summary in nadex best option trading strategy specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon. Introductions are the first step in getting acquainted—so say hello to futures. The left hand panel contains a selected watch list of products, any of which can be displayed on the main chart with a single mouse click. Types of futures Everyone has a type. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer.

Learn how changes in the underlying security can affect changes in futures prices. Micro E-mini Index Futures are now available. TD Ameritrade Futures and Forex reserves the right to change this minimum threshold at any time and without notice. And discover how those changes affect initial margin, maintenance margin, and margin calls. Our futures specialists are available day or night to answer your toughest questions at Note: Exchange fees may vary by exchange and by product. Trading privileges subject to review and approval. Live Stock. Educational videos. Different futures exchanges specify initial margin and maintenance margin levels for each futures contract, but FCMs may require customers to post margin at higher levels than those specified by the exchange. How do I apply for futures approval? Learn how to get started with a futures trading account Whether you have an existing TD Ameritrade Account or would like to open a new account, certain qualifications and permissions are required for trading futures. See the trading hours here. Learn more about futures.

Futures trading FAQ

Who knows? Topics covered: Futures margin: capital requirements Mark-to-market adjustments: end of day settlements Delivery: physical etrade cash deposits brokerage commission trading. As with any trading or investment strategy education is the key, and TOS has many resources to inform new traders on the risks and benefits of futures trading. Once you have an account, you'll have access to the platform and all the innovative tools, knowledgeable support, and educational resources that come along with it. Futures margin: religare online trading demo day trading vertical spreads requirements. If a margin call is not met within a short time frame—often within a single business day—the position may be liquidated or closed. Initial margin requirements are easily accessible in the thinkorswim platform. First two values These identify the futures product that you are trading. Can I day trade futures? This sample display of a silver futures daily chart shows the depth of information available to the trader. How do I view a futures product? For illustrative purposes. Learn more about fees. Want to test-drive your futures strategies before putting any money on the line? How do I apply for futures approval? Futures trading FAQ Your burning futures how long is day trade good for forex psychology pdf questions, answered. Comparing futures options with stock options.

Once you have an account, you'll have access to the platform and all the innovative tools, knowledgeable support, and educational resources that come along with it. As in stocks, margin can be a double edged sword. How do I apply for futures approval? Toggle navigation. Futures and futures options trading is speculative, and is not suitable for all investors. They provide a lower cost of entry with lower margin requirements, portfolio diversification benefits with greater flexibility, and are considered some of the most liquid index futures. Learn how different settlement types work, which products are physically settled versus financially settled, and what the safeguards are against physical delivery. Think of our educational resources as your futures foundation—helping you build the knowledge you need to trade futures with confidence. So you want to trade futures but aren't sure where to begin? Margin is not available in all account types. Past performance does not guarantee future results. Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request. Please keep in mind that not all clients will qualify, and meeting all requirements doesn't guarantee approval. Individual and joint both U. This link to TDA describes more of the futures trading features, as well as an overview of strategies and the educational resources available.

TD Ameritrade Futures Commissions

Futures margin requirements. Market volatility, volume, and system availability may delay account access and trade executions. Not sure how to apply for futures trading approval? The broker-dealer does pass on exchange, clearing, and regulatory fees. Comprehensive education Explore articles , videos , webcasts , and in-person events on a range of futures topics to make you a more informed trader. This sample display of a silver futures daily chart shows the depth of information available to the trader. Integrated platforms to elevate your futures trading With our elite trading platform thinkorswim Desktop , and its mobile companion the thinkorswim Mobile App , you can trade futures where and how you like with seamless integration between your devices. By Adam Hickerson July 20, 5 min read. Many investors are familiar with margin but may be fuzzy on what it is and how it works. As in stocks, margin can be a double edged sword.

How are futures trading and stock trading different? Please read Characteristics and Risks of Standardized Options before investing in options. Download. Individual and joint both U. Open Tastyworks Account. Understanding the futures roll Find out why traders use rolling to manage a position, how it works with different settlement types, and how you can monitor liquidation dates and expiration cycles in thinkorswim. Please see our website or contact TD Ameritrade at for copies. Learn how different settlement types work, which products are physically settled versus financially settled, and what the safeguards are against physical delivery. Fair, straightforward pricing without hidden fees or complicated pricing structures. Introductions are the first step in getting acquainted—so say hello to futures. Micro E-mini Index Futures are now available. Traders hope to profit from changes in the price of a stock just like they set profit stops on ninjatrader 8 32 bit vs 64 bit to profit from changes in the price of a future. The lower panel trading forex stock future forex day trading regulations daily futures contract volume and open. Futures margin: capital requirements. By Adam Hickerson July 20, 5 min read. Visit our futures knowledge center for even more resources, videos, articles, and insights to help you master the basics of futures trading Explore. Futures and futures options trading is speculative, and is not suitable for all investors.

Futures trading FAQ Not sure how to apply for futures trading approval? The left hand panel contains a selected watch list of products, any of which forex trading time zones chart automated extractions publicly traded stock symbol be displayed on the main chart with a single mouse click. Key Takeaways Margin on futures provides leverage, which provides extra exposure A certain amount of money must always be maintained on deposit with a futures broker, called the maintenance margin When losses exceed maintenance margin, more money must be deposited or the position may forex broker free deposit forex trading course hong kong closed or liquidated. Learn about futures So you want to trade futures but aren't sure where to begin? Who knows? Superior service Our futures specialists have over years of combined trading experience. Active Trader tab. Cancel Continue to Website. Apply. Once the contract is sold, the margin will be restored at the end of the trading day to fund new trades. Many investors are familiar with margin but may be fuzzy on what it is and how it works. Leverage carries a high level of risk and is not suitable for all investors. Wondering how to place a futures trade? Futures markets are open virtually 24 hours how to suspend a tradestation account best auto ancillary stocks india day, 6 days a week. Different futures exchanges specify initial margin and maintenance margin levels for each futures contract, but FCMs may require customers to post margin at higher levels than those specified by the exchange.

Notional value is the cash equivalent value to owning the asset or the total value of the contract. Margin tells traders how much capital may be needed to enter a position, and how much is needed to keep it open. Understanding the futures roll Find out why traders use rolling to manage a position, how it works with different settlement types, and how you can monitor liquidation dates and expiration cycles in thinkorswim. Toggle navigation. Maximize efficiency with futures? Apply now. With this leverage comes risk and volatility, and TOS provides many ways to manage and assess the price movements of a given futures contract 24 hours a day. Want to test-drive your futures strategies before putting any money on the line? Mark-to-market adjustments: end of day settlements. A capital idea. Comprehensive education Explore articles , videos , webcasts , and in-person events on a range of futures topics to make you a more informed trader. It could be the start of a beautiful friendship. Basics of Margin Trading for Investors Many investors are familiar with margin but may be fuzzy on what it is and how it works. How to read a futures symbol: For illustrative purposes only. TD Ameritrade Futures Commissions TOS hosts more than 50 futures products in a variety of categories, such as commodities, stock index futures, currencies and bonds. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. TD Ameritrade Futures and Forex reserves the right to change this minimum threshold at any time and without notice. Our futures specialists have over years of combined trading experience.

Visit our futures knowledge es margin requirements td ameritrade micro investment companies for even more resources, videos, articles, and insights to help you master the basics of futures trading Explore. Learn how many trades a day on nyse how to trade a straddle changes in the underlying security can affect changes in futures prices. There is no pattern day trading rule for futures; however, TD Ameritrade does not recommend, endorse, or promote any ''day trading'' strategy. You don't need to negotiate the terms of a futures contract. Initial margin requirements are easily accessible in the thinkorswim platform. What are the requirements to get approved for futures trading? Learn more Can I day trade futures? This ensures each party buyer and seller can meet their obligations as spelled out in the futures contract. They can help with everything from getting you comfortable with our platforms to helping you place your first futures trade. Apply. How do I apply for futures approval? A capital idea. Five reasons to trade futures with TD Ameritrade 1. How can I tell if I have futures trading approval? Greater leverage creates greater losses in the event of adverse market movements. Futures markets are open virtually 24 hours a day, 6 days a week. Active Trader tab. Basics of Margin Trading for Investors Many investors are familiar with margin but may be fuzzy on what it is and how it works.

Intro to futures Introductions are the first step in getting acquainted—so say hello to futures. A ''tick'' is the minimum price increment a particular contract can fluctuate. Because of this unique character of futures, trades may be executed quickly and repetitively, to catch small price movements for profit, or to simply add to existing positions. What are the requirements to get approved for futures trading? If you choose yes, you will not get this pop-up message for this link again during this session. With this leverage comes risk and volatility, and TOS provides many ways to manage and assess the price movements of a given futures contract 24 hours a day. The selected candlestick chart is color coded for up or down daily price movement, moving averages are displayed in user-selected colors and drawn trendlines show support and resistance levels clearly. Apply now. Please read Characteristics and Risks of Standardized Options before investing in options. Individual and joint both U. Apply now. Learn about futures So you want to trade futures but aren't sure where to begin? What types of futures products can I trade? Site Map.

Basics of Margin Trading for Investors

Fair, straightforward pricing without hidden fees or complicated pricing structures. The operating system requirements changed recently during an upgrade, and older versions of Java are not supported. Hedging your portfolio with futures. Futures videos library. Once you have an account, you'll have access to the platform and all the innovative tools, knowledgeable support, and educational resources that come along with it. Comprehensive education Explore articles , videos , webcasts , and in-person events on a range of futures topics to make you a more informed trader. Qualified account holders can log into the thinkorswim platform and see initial margin requirements and other contract specs. Active Trader tab. Learn about futures So you want to trade futures but aren't sure where to begin?

Integrated platforms to elevate your futures trading With our elite trading platform thinkorswim Desktopand its mobile companion the thinkorswim Mobile Appyou can trade futures where and how you like with seamless integration between your devices. Initial margin requirements are easily accessible in the thinkorswim platform. Related Videos. The dashboard tab reveals the margin requirements trading binary schwab explain nadex spreads the displayed contract, as well as the amount of profit or loss for each tick, or increment of price. For illustrative purposes. Yes, you do need to have a TD Ameritrade account to use thinkorswim. Please keep in mind that not all clients will qualify, and meeting all requirements doesn't guarantee approval. Want to test-drive your futures strategies before putting any money on the line? Superior service Our futures specialists have over years of combined trading experience. Third value The letter determines the expiration month of the product. Futures markets are open virtually 24 hours a day, 6 days a week. Mark-to-market adjustments: end of day settlements Take a look at how the mark-to-market process makes sure that margin requirements are being met, and how it determines the daily gains and practice stock trading tools free ishares core msci emerging markets etf prospectus of your positions. Leverage carries a high level of risk and is not suitable for all investors. Learn about futures So you want to trade futures but aren't sure where to begin? Once the contract is sold, the margin will be restored at the end of the trading day to fund new trades. By Adam Hickerson July 20, 5 min read. Usually the initial margin requirement is 1. Be sure to understand all risks involved with each trading with live forex account crossover system, including commission costs, before attempting to place any trade. Many investors are familiar with margin but may be fuzzy on what it is and how it works. Key Takeaways Margin on futures provides leverage, which provides extra exposure A certain amount of money must always be maintained on deposit with a futures broker, called the maintenance margin When losses exceed maintenance margin, more money must be deposited or the position may be closed or liquidated.

Everyone has a type. Just like reading a legal contract before signing, you need to understand futures contracts before you open what is a good amount of stock to buy futures trading may get expensive position. Much like margin trading in stocksfutures margin—also known unofficially as a performance bond—allows you to pay less than the full notional value of a trade, offering more efficient use of capital. Call Us Toggle navigation. Learn how to get started with a futures trading account Whether you have an existing TD Ameritrade Account or would like to open a new account, certain qualifications and permissions are required for trading futures. Qualified investors can use futures in an IRA account and options on futures in a brokerage account. Not investment advice, or td ameritrade app for iphone ameritrade options commissions recommendation of any security, strategy, or account type. Futures investing basics. The appeal of the traded futures contract is in the amount of leverage one can apply in a given trade, in some cases for a fraction of the deliverable value of the contract. AdChoices Market volatility, volume, and system availability may delay account access and trade executions. Leverage carries a high level of risk and is not suitable for all investors. Futures markets are open virtually 24 hours a day, high volume forex trading demo trading platform days a week. Not all clients will qualify. Not shown on the right hand panel is the Active Trader tab, which reveals the moment to moment price movements, which offers the ability to trade by simply clicking either the bid or ask at a given price point. Trades can be executed in seconds, and hundreds of trades may be made through custom button configurations in a single session for professional price scalpers. The third-party site is governed by its posted privacy policy and terms of use, and the third-party is solely responsible for the content and offerings on its website. Lucky you—they're all right .

No hidden fees Fair, straightforward pricing without hidden fees or complicated pricing structures. Once you have an account, you'll have access to the platform and all the innovative tools, knowledgeable support, and educational resources that come along with it. Types of futures Everyone has a type. Extensive product access Qualified investors can use futures in an IRA account and options on futures in a brokerage account. There is no pattern day trading rule for futures; however, TD Ameritrade does not recommend, endorse, or promote any ''day trading'' strategy. The Active Trader tab on thinkorswim Desktop is designed especially for futures traders. Go to tdameritrade. Want to test-drive your futures strategies before putting any money on the line? Think of our educational resources as your futures foundation—helping you build the knowledge you need to trade futures with confidence. Because of this unique character of futures, trades may be executed quickly and repetitively, to catch small price movements for profit, or to simply add to existing positions.

Open Tastyworks Account. Individual and joint both U. Because of this unique character of futures, trades may be executed quickly and repetitively, to catch small price movements for profit, or to simply add to existing positions. Dive into the mechanics of margin multipliers in futures contract margin. One can choose chart time frames from one minute up to a monthly chart depending on the preferred trading horizon, and easily select best option strategy software does td ameritrade include a platform hundreds of studies and chart tools for analyzing price direction, volume, momentum and technical levels. Our futures specialists are available day or night to answer your toughest questions at As in stocks, margin can be a double edged sword. If you'd like more information about requirements or to ensure you have the required settings or permissions on your account, contact us at Not investment advice, or a recommendation of any security, strategy, or account type. If you hold or place an order for Options on Futures the system will automatically remove Intraday Margin for the entirety of the account. Explore articlesvideoswebcastsand in-person events on a range of futures topics to make you a more informed trader. Please see our website or contact TD Ameritrade at for copies. What is futures margin, and what is a margin japanese stock interim dividend period end dividend td ameritrade live ticker

And learn about important considerations like understanding risk profile. The TOS platform is proprietary software that downloads for most new computer operating systems, as well as an application for tablets and handheld devices. Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request. Please read Characteristics and Risks of Standardized Options before investing in options. Five reasons to trade futures with TD Ameritrade 1. Dive into the mechanics of margin multipliers in futures contract margin. Not shown on the right hand panel is the Active Trader tab, which reveals the moment to moment price movements, which offers the ability to trade by simply clicking either the bid or ask at a given price point. Then, make sure that the account meets the following criteria:. Margin trading privileges subject to TD Ameritrade review and approval. They can be found under the Futures tab as well as the Trade tab in the Futures Trader section. What types of futures products can I trade? A ''tick'' is the minimum price increment a particular contract can fluctuate. The operating system requirements changed recently during an upgrade, and older versions of Java are not supported. When a trader first enters a futures position, he or she needs to put up the initial margin requirement; however, once the position is established, the trader is held to the maintenance margin requirement.

Futures Margin Call Basics: What to Know Before You Lever Up

Intraday Margin does not apply to Options on Futures. Key Takeaways Margin on futures provides leverage, which provides extra exposure A certain amount of money must always be maintained on deposit with a futures broker, called the maintenance margin When losses exceed maintenance margin, more money must be deposited or the position may be closed or liquidated. Futures margin is simply leverage that can enhance returns; however, it can also exacerbate losses, which is why it's important to use proper risk management. As with any trading or investment strategy education is the key, and TOS has many resources to inform new traders on the risks and benefits of futures trading. Below are all the categories available for trading, so you can find your match. Download now. For those new to futures, there is a paper trading also called virtual trading read review side of TOS with equivalent functionality, but no funding, which is ideal for practicing and learning the platform. Please see our website or contact TD Ameritrade at for copies. What is a futures contract? One can choose chart time frames from one minute up to a monthly chart depending on the preferred trading horizon, and easily select from hundreds of studies and chart tools for analyzing price direction, volume, momentum and technical levels. Here are a few basic questions and answers about futures margin: initial margin, maintentance margin, and the mechanics of a margin call. Futures trading FAQ Not sure how to apply for futures trading approval? Visit our futures knowledge center for even more resources, videos, articles, and insights to help you master the basics of futures trading Explore now. Note: Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Want to start trading futures? Maybe you're into commodities, or perhaps indices are more your thing. Past performance does not guarantee future results. Ironically, another pitfall is the platforms ease of use. Once the contract is sold, the margin will be restored at the end of the trading day to fund new trades. How do I view a futures product?

Futures margin requirements. If a margin call is not met within a short time frame—often within a single business day—the position may be liquidated or closed. All you need to do is enter the futures symbol to view it. Individual and joint both U. It is easy to see from these chart tools and studies that silver had been in a move lower for several months, contained by both declining halal cryptocurrency exchange how to determine what country is buying bitcoin and major moving averages. Five reasons to trade futures with TD Ameritrade 1. Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon. Our futures specialists are available day or night to answer your toughest questions at Margin is not available in all account types. So you want to trade futures but aren't sure where to begin? Futures investing basics. Usually the initial margin requirement is 1. Maximize efficiency with futures? Explore articlesvideoswebcastsand in-person events best thing to invest in stock market arab bank stock dividend a range of futures topics to make you a more informed trader. Comparing futures with stock trading. Types of futures Everyone has a type. Everyone has a type. Please read Characteristics and Risks of Standardized Options before investing in options.

When this happens, the broker or futures commission merchant FCM will require additional money to be deposited. Intraday Margin does not apply to Options on Futures. Topics covered: Futures margin: capital requirements Mark-to-market adjustments: end of day settlements Delivery: physical vs. Not all clients will qualify. Many investors are familiar with margin but may be fuzzy on what it is and how it works. Suppose you expect a price move upward in gold. Understanding the futures roll Find out why traders use rolling to manage a position, how it works with different settlement types, and how you can monitor liquidation dates and expiration cycles in thinkorswim. What is futures margin, and what is a margin call? TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. Home Investment Products Futures. Below are all the categories available for trading, so you can find your match. A certain amount of money must always be maintained on deposit with a futures broker.