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Ninjatrader and Margin Req

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Trading Experience: Advanced
Platform: Ninja,Sierra
Broker/Data: IB,IQFeed
Favorite Futures: Emini ES, Dax
Posts: 29 since Feb 2013
Thanks: 16 given, 17 received

Ninjatrader and Margin Req

After swing trading for a couple of years the FX market, 6 Months ago started to sim trade the ES for scalps and decided I want to go live with it. Now I am a customer of IB but through a foreign company and I am charged 500% more commision than the average. For my swing traders I didn't care since I use that company in my country for stock Trading and wanted to have good relations. But for scalping it is a no go. So decided to open an account with Ninjatrader and I have that silly question. I read on the Website that the Initial Margin for ES is 5.060$. Does that mean that with a 20.000$ account you can open barely 4 contracts? Because in IB the initial Margin is 2.0xx and I can open around 8.

Thank you!

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