Frequently Asked Questions
What is the minimum deposit amount required to open a futures account?
You can open a futures trading account with a minimum of $2,500 (or the equivalent in Euros or British Pounds).
I am new to Futures, where can I get started?
We have created a web page where we explain some Futures basics for traders like you. Please visit our Getting started page.
What commissions do you charge to trade futures?
Here is a link to our full commission schedule. Please note that all commissions are per trade (contract) per side and inclusive of all costs and fees, in other words there are no other hidden fees:
Commissions & Day Margins.
Are there any costs associated with opening and maintaining a Futures account?
There are no maintenance costs associated with your futures account using PathFinder Trader™. We have a clear and transparent No-hidden-fees policy. Unlike our competitors we don’t charge any opening, closing or maintenance fees. So, you’ll only pay a commission for each executed contract traded. You can see a complete schedule of cost and fees here.
Do I have to pay for real-time, historical data or platform fee?
Our PathFinder Trader™ platform is free and it includes real-time and historical data at no charge. You get access to real-time and historical up to tick by tick data on more than 400 Electronic contracts on 6 exchanges at no additional cost by maintaining an active futures account with us.
Will the funds I deposit to trade Futures be segregated?
Yes, funds deposited into your Futures trading account are held in a segregated account. So, in the unlikely event of failure of the FCM, your funds will not be considered part of the company's assets and they will have priority over any other creditor's claim according to US laws.
Do you offer Level 2 data for Futures?
Yes, we offer full market depth view (Level 2) up to 10 levels of bid and ask on all futures contracts available.
Which Futures contracts are available through Pathfinder Trader™?
We offer more than 400 Electronic contracts on 6 Futures Exchanges worldwide. Please visit our Contract specifications page to learn more about our Futures products.
What is the liquidation policy in case of a margin call?
We and the FCM regularly monitor your account for margin requirements and issue a position liquidation if your balance is close or is about to approach a negative balance, usually if it falls below $500. For positions held overnight on a margin call, depending on several factors (including market conditions and history of margin calls), we generally allow you some time for you to wire additional funds in order to maintain the position open. In fact, you should contact us as soon as you send the funds and provide us with a bank receipt. However, please note that although we are allowed to liquidate your account, we are not required to do so. It's primarily your duty and responsibility to monitor your account and close positions in order to avoid a margin calls or debits. Please note that if the liquidation will be performed by the FCM you may incur into a liquidation fee, please refer to the general conditions for details.
What is the Day Trading margin?
The day trading margin is the minimum balance you need to have available in your trading account in order to open and maintain a new position during the regular (day) trading session. The day trading margin applies to the window of time the contract is open for trading. For example normally the E-mini S&P 500 trading hours go from 3:30 p.m. to 3:15 p.m. (next day) Chicago time, during these hours the day trading margin applies if you open a new position. If you decide to keep your position open beyond the current trading session through multiple trading sessions (for example for a couple of days), you will have to make sure you have sufficient margin funds in your account in order to cover the Initial or Overnight margin requirement for each contract you keep open, or you will incur into a margin call and you will be required to deposit additional funds to cover such margin requirements. Failure to meet the margin requirements may result in liquidation of positions and suspension of trading priviledges. Please note that the day trading margin applies only to positions you open and close within the same trading session and it's not applicable to positions opened during a previous session. For a complete list of margins please visit this page.
Are margin requirements fixed or do they change?
Margin requirements are updated on a regular basis as they may vary with market conditions, such as increased market volatility. However, usually the margin will not change very often or within the same trading session. You should also be aware that the exchange dictates the Initial or Overnight margin, while the broker may independently offer a different Day Trading margin. Normally for popular Futures contracts Day Trading margins are significantly lower than the Initial or Overnight margin. Of course a lower margin may allow you to increase your risk exposure, therefore it may work for your as well as against you, so you should use it wisely. For a current list of margins
please visit this page.
What is the Initial or Overnight margin?
The Initial or Overnight Margin is the minimum account balance you need to maintain in your trading account in order to carry an open position for longer than one trading session. The required amount is usually higher than the Day Trading margin to help protect all market partecipants from debits and other risks caused by possible market gaps occurring while the market is closed. If you decide to keep your position open beyond the current trading session through multiple trading sessions (for example for a couple of days), you will have to make sure you have sufficient funds in your account in order to cover the Initial or Overnight margin requirement for each contract you keep open, or you will incur into a margin call and you will be required to deposit additional funds to cover such margin requirements. Failure to meet the margin requirements may result in liquidation of positions and suspension of trading privileges. For a complete list of margins please visit this page.