Min sized trade on Dow.

[Guest Turnip230248]

What is the smallest size trade I could place on the Dow please?

What margin/deposit would one need to trade such small size ?

(Could you show a reply/example in actual pounds as opposed to percentage please)

 

Thanks in advance.

[Caseynotes]

@Turnip230248,  have a play on the demo deal ticket, Dow and S&P have a high price so the margin is twice that of Dax and Ftse, see pic below;

[Guest Turnip230248]

13 hours ago, Caseynotes said:

@Turnip230248,  have a play on the demo deal ticket, Dow and S&P have a high price so the margin is twice that of Dax and Ftse, see pic below;

Thanks easy.

If one uses the CME new Micro Contracts -Does the 25K day trade rule apply to trading the FTSE and Dax or Dow ?

[Caseynotes]

@Turnip230248,  so if you are trading with IG you are trading IG's contracts, I'm not sure IG offer access to the CM exchange even on the DMA platform (you could check). 

So you would probably need a US broker that offered trades in cme's micro lots. When the US regulator brought in rules to save the poor retail client they not only lowered leverage (not as much as esma) but also brought in minimum account deposits for different account types that range from $10,000 upwards to 25K and I suspect that would still apply whether you were trading micro lots or not or reside in the US or not. 

[Guest Turnip230248]

On 04/05/2019 at 10:35, Caseynotes said:

@Turnip230248,  so if you are trading with IG you are trading IG's contracts, I'm not sure IG offer access to the CM exchange even on the DMA platform (you could check). 

So you would probably need a US broker that offered trades in cme's micro lots. When the US regulator brought in rules to save the poor retail client they not only lowered leverage (not as much as esma) but also brought in minimum account deposits for different account types that range from $10,000 upwards to 25K and I suspect that would still apply whether you were trading micro lots or not or reside in the US or not. 

Here you go - AMP brokerage ( USA) has an EU branch:

Micro Futures -to get your feet wet 🙂

https://www.ampglobal.com/exchange_traded_futures/margins_requirements.html

[Caseynotes]

6 minutes ago, Turnip230248 said:

Here you go - AMP brokerage ( USA) has an EU branch:

Micro Futures -to get your feet wet 🙂

https://www.ampglobal.com/exchange_traded_futures/margins_requirements.html

Hmmm, Cyprus registered broker and USD account, think I'm ok as is thanks.

[Guest Turnip230248]

7 minutes ago, Caseynotes said:

Hmmm, Cyprus registered broker and USD account, think I'm ok as is thanks.

AMP has parent company in USA.

See bottom of page:

https://www.ampglobal.com/about/amp_global_group.html

[Caseynotes]

1 minute ago, Turnip230248 said:

AMP has parent company in USA.

See bottom of page:

https://www.ampglobal.com/about/amp_global_group.html

But the Europe branch is based in Cyprus and comes under the Cyprus regulator which though may have improved just lately have a terrible reputation for protecting clients. It was only a few years ago Chinese clients hired a plane to go to Cyprus to demonstrate on mass outside the Cysec offices.