E-mini S&P 500 Futures Trading

[lovelycoffeexx]

Is it possible for Malaysians to trade E-mini S&P 500 Futures? Does IBKR provide this service?

Can't seem to find much info on this for Malaysians. Would like to know if there are any Malaysians who trade this.

 

[thedao]

@lovelycoffeexx Yes, you can trade S&P futures on IBKR. Keep in mind that futures are highly leveraged and the initial margin to trade one lot of it is currently around 12k USD.

 

[lovelycoffeexx]

@thedao 12k USD to trade E-mini futures?

 

[thedao]

@lovelycoffeexx Or you could try the micro E-mini S&P 500 contract which is one tenth of the contract size… the initial margin is only 1.2k USD.

 

[lovelycoffeexx]

@thedao Thank you for the great suggestion.

 

[jackson16]

@lovelycoffeexx I use ninjatrader, sucribing to apex funding program for around rm60 for a 25000 evaluation account

 

[lovelycoffeexx]

@jackson16 Are there any resources I can use to learn how to use ninjatrader and apex funding program?

 

[jackson16]

@lovelycoffeexx Their website is quite informative and there are official youtube tutorials as well. Just search apex trader funding or ninjatrader. To note, Ninjatrader is a platform like mt5 but mostly used for futures and i believe you can link your ibkr acc to them to trade from there if i remember.

 

[lovelycoffeexx]

@jackson16 Thank you. That is very helpful.

 

[jackson16]

@lovelycoffeexx no prob. But if you just new to futures or trading itself, i suggest you stay away from minis, trade micros.

 

[anne1970]

@lovelycoffeexx Yes, you can use AMP Futures account for lower intraday trading margin. $40 for micros and $500 for minis I think. Or sign up for a funded account from Earn2Trade/Apex/Topstep etc. but you must pass an evaluation.

 

[lovelycoffeexx]

@anne1970 Thank you. I will look those up.