Do futures regulations stipulate a minimum account balance?
Do futures regulations stipulate a minimum account balance?
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Flux · External communityPost link
External question — Personal Finance Stack Exchange
Author: Flux
Original post: https://money.stackexchange.com/questions/131920
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I opened a futures trading account at a futures brokerage that requires a $100 minimum deposit. Are these minimum deposits specified by any regulator, or is it up to each broker to set a minimum amount? If it is specified by regulations, could you provide a link to the rules?
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TomTom · External communityPost link
External answer — Personal Finance Stack Exchange
Author: TomTom
Original post: https://money.stackexchange.com/a/131922
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Are these minimum deposits specified by any regulator
"no". The futures regulations contain the minimum required margin for a position. THIS does put in a minimum - if your account is lower than the lowest margin requirement, it can NEVER EVER open a position PER DEFINITION, but this has never been formalized into account requirements.
So, it is up to the brokers and I would stay seriously away from a broker that hunts for clients for accounts of 100 USD. This is comically low for anything to do with futures.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Flux Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/131920 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I opened a futures trading account at a futures brokerage that requires a $100 minimum deposit. Are these minimum deposits specified by any regulator, or is it up to each broker to set a minimum amount? If it is specified by regulations, could you provide a link to the rules?
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