In conjunction with the growth in electronic markets and advancements in technology, there has also been an 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, risk-aware day traders across a broad range of futures and options on futures markets.
Why day trade through RCM Futures?
RCM provides the platform, pricing, execution, data and general support services that day traders require to execute their trading strategies.
Trading futures and options on futures often involves greater leverage than securities trading. Increased leverage amounts to increased risk. The minimum margin amount required for each account depends, among other factors, upon the type and number of contracts traded. A client’s intraday leverage on a position is restricted on a per contract basis. Overnight futures margins are set by the exchanges; intraday levels are often lower than overnight limits as they are negotiated anew for each customer with the FCM depending on the client's ability to bear risk, among other considerations.
Futures are marked-to-market each day and there must be sifficient funds in the account to cover the margin requirements when trades are placed, 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 about margin requirements, account funding and risk management.
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.