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NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

  #587 (permalink)

Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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SARdynamite View Post
Mike, I've encountered many losses from either technical failures or ethical problems or collapses at brokers during my career.

Completely understand. But in my opinion, any broker that gives ridiculous intraday margins as you request is the wrong kind of broker to do business with. Those are the highest risk brokers at blowing up.

I also keep the minimal amount at my broker. My broker is InteractiveBrokers, and the day margin is $13k for FDAX and something like $2500 for ES. Personally, I welcome the high margins because IB is serious about risk. I absolutely cannot say the same about brokers that have ridiculously low margins.

As for what kind of advice you receive on the site, I can only speak personally. I am telling you that using ridiculously low margins (insanely high leverage) is a sure fire way to blow up your account and end your career. Don't go down this path! My advice is meant to help. Most people that want $400 ES margins and other ridiculous things are attracted to the kind of broker that just churns customers in and out as fast as possible, and are very inexperienced traders.

Anyway, good luck. I spoke out only because there are some of us that want our brokers to stop the insanity of low day margins.

Mike

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