Margin Question

[albtius]

Hello,

A couple of months ago I saw somewhere about a CFD/Spread Bet dealer that had a margin of $500 per contract. This means that you could go long/short on 1 Contract of DOW MINI at $5/p and only pay $500 for that contract.

Can you tell me of any dealers having this type of margin. Also, Does IB offer this margin?

Thanks for your help.

Regards,
Albtius

 

[al-motor]

I am not sure about the SB companies, but IB is a normal broker, so in futures u are talking contracts-

The emini dow at $5 / point will need an intial margin aof about $1200 ( double that if u hold overnight !)