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  1. Home
  2. Calculators
  3. Futures Margin Calculator

US Futures Margin Calculator

Estimate margin requirements, leverage, and margin call levels for popular US futures contracts. Enter your current price and account balance for a personalised analysis. All rates are indicative — verify with your broker.

150

Market & Account

Enter the current market price to calculate notional value and leverage.

Your available equity — used to calculate margin utilisation and margin call level.

$

Margin Settings

CME defaults pre-filled. Adjust to match your broker.

CME default: $12,650

$

CME default: $11,500

$

Intraday (Day Trade) Margin

Apply intraday rate

Contract Specs — ES

Point Value$50
Tick Size0.25 pts
Tick Value$12.5

Margin Requirements

Total Initial Margin
$12,650
Total Maintenance Margin
$11,500

Position Analysis

Notional Value$265,000
Leverage20.9x
P&L per 1-point move$50
P&L per 1-tick (0.25 pts)$12.50

Account Health

Margin Utilisation50.6%
Excess / Free Margin$12,350
Max Contracts (this balance)1
Can Open Position?✓ Yes

Margin Call Estimate

Trigger Price (falls to)5030.00
Adverse move to trigger270.00 pts (5.1%)

Disclaimer

This calculator is for educational and illustrative purposes only. It does not constitute financial, investment, or tax advice. Results are estimates based on the inputs you provide and may not reflect actual returns. Consult a qualified financial advisor before making any investment decisions.

Turn The Numbers Into a Plan

Use these calculators to model outcomes, then see how Shares Saver helps you build direct ownership of Nigerian stocks through a regulated, long-term investing process.

Explore the Investment AppLearn About Direct Ownership

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Frequently Asked Questions

Initial margin (performance bond) is the deposit required to open a futures position. Set by CME Group, it is not a down payment — it is a good-faith deposit against potential losses, representing a fraction of the contract's notional value.
Initial margin is needed to open a position. Maintenance margin is the minimum that must remain in your account. If equity falls below maintenance, you receive a margin call requiring you to restore the balance to the initial margin level.
Your broker requires you to deposit additional funds to restore the balance to the initial margin level. Failure to meet the call may result in the broker liquidating your position, sometimes without notice.
Many brokers offer reduced intraday (day-trade) margin rates — sometimes as low as 25–50% of the overnight rate. These apply only if the position is opened and closed within the same trading session. Use the intraday toggle to model your broker's specific rate.
Micro futures are 1/10th the size of standard E-mini contracts. They require proportionally less margin and are designed for individual traders who want futures exposure with lower capital requirements.
The trigger price estimates the futures price at which your unrealised losses would reduce your account equity to the maintenance margin level. Formula (long): Trigger = Current Price − (Account Balance − Total Maintenance) ÷ (Point Value × Contracts). This uses current price as a proxy for entry price.
Leverage is the ratio of notional position value to margin posted. A 20× leverage means you control $1,000,000 of exposure with $50,000 of margin. Higher leverage amplifies both gains and losses significantly.
CME exchange margins change frequently and individual brokers may charge different rates — sometimes higher for risk management, or lower for day trading. Overriding the values lets you model your broker's actual requirements accurately.

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