In conjunction with the growth in electronic markets and advancements in technology, there has been a corresponding increase in the number of people who engage in day trading the various financial markets (stocks, options and futures). RCM Futures is well positioned to cater to the needs of serious day traders across all of these asset classes.
Why day trade through RCM Futures?
RCM provides the platforms, pricing, execution, data and support that day traders need to attempt the successful implementation of their respective day-trading strategies.
Futures provide greater leverage than securities and can be 10-1 or greater. The minimum amount required for each account depends upon the type and number of contracts that are traded. A client’s intraday leverage on a position will be restricted on a per contract basis. Overnight futures margins are set by the exchanges, but intraday levels can often be significantly lower than overnight limits and are negotiated by each futures commission merchant.
Futures are marked-to-market each day and there must be enough funds in the account to cover the margin requirement when you place the trade, vs. T+3 settlement for stock trades or T+1 for stock options. Pricing for futures day trading is determined based on factors including the account balance (i.e. intended funding value), trading intraday versus overnight (position) trading, options on futures vs. futures contracts, trading volume and other factors. Click here to contact RCM to learn more and to obtain a quote.
THE RISKS ASSOCIATED WITH TRADING FUTURES AND OPTIONS ARE SIGNIFICANTLY DIFFERENT THAN THOSE OF STOCK INVESTING AND INVESTORS MAY LOSE MORE THAN THEIR INITIAL INVESTMENT.
DAY TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS.
- You can lose more funds than you deposit in a margin account.
- You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call.
- The firm can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice.
- You are not entitled to an extension of time on a margin call.