Frequently Asked Questions
How do I open a futures account?
Existing clients can enable Futures trading by logging in and choosing “add futures to your account” in the Account Management left-hand menu. Log in
New clients must open a Margin Equity account first, and then “add futures to your account” following initial account approval. Open an Account
What are the requirements to open a futures account?
To trade futures, you must open (or already have) a Margin Equity Account
Why do I need a Margin Equity account to trade futures?
OptionsHouse takes the protection of your assets very seriously. In order to ensure we are providing our customers with the safeguards available to facilitate their futures trading, the Firm will only keep assets in the Futures account that are needed to satisfy the margin requirement of an existing futures position. All other assets will be held within your Margin Equity account where those funds are given SIPC or FDIC insurance.
How do funding and Automated Money Movement work in my futures account?
If your Margin Equity account already has sufficient funds, there is no need to make an additional transfer to separately fund futures trading. The minimum margin requirement for futures positions held overnight will automatically be transferred by OptionsHouse to your Futures account, including commissions and fees, and any deficiency funds required to satisfy margin calls. Conversely, any excess margin and available cash will be automatically transferred back to your Margin Equity account where SIPC or FDIC is available.
Is there a minimum funding requirement for futures?
There is no minimum funding requirement for futures.
What are the commissions for futures?
2.00 plus exchange fees (exchange fees vary per product).
What futures markets can I trade?
CME Group , ICE U.S. and CFE listed products
Where do I find the margin requirements for futures products?
Please review the Contract Specifications page. Note: Information furnished is taken from sources OptionsHouse believes are accurate. OptionsHouse is not responsible for any errors or omissions. To confirm any item in this schedule, please contact the Futures Trade Desk 866-795-0160.
Are there any fees to receive live quotes for futures?
OptionsHouse absorbs all CME Group quote fees for clients. ICE U.S. and CFE are pass through.
Who is the clearing firm OptionsHouse uses for futures?
WedBush Securities, Inc.
How do I access my futures daily/monthly statements?
In accordance with your consent in the Futures Account Agreement, statements will be delivered electronically daily via email based on changes in activity and cash balance.
What happens when/if I receive a margin call?
All margin calls are due the next trading day from when they are first issued.
Where can I find education on trading futures?
Please visit the OptionsHouse Webinars page to register for or watch futures educational webinars.