There is no minimum account balance to trade futures. However, your account must satisfy the overnight requirement to trade outright futures contracts. On the other hand, options on futures are subject to CME's Span Margin Methodology, and your account must satisfy that amount to trade those types of position. We've summed up everything below:


Please note that overnight futures requirements and SPAN margin requirements can change at any time.


Non-IRA Margin Accounts

  • Outright futures contract: Overnight requirement.
  • Options on Futures
    • Long options on futures: Debit paid
    • Short options on futures: CME Span Margin Requirement
    • Long/short options on futures spreads:  CME Span Margin Requirement
  • Outright futures contract + Any options futures position in the same root symbol: CME’s SPAN Margining.



IRA Accounts

  • Outright Futures Contract: 125% of the overnight requirement
  • Options on Futures
    • Long options on futures: Debit paid
    • Short options on futures: 2X CME Span Margin Requirement
    • Long/short options on futures spreads:  2X CME Span Margin Requirement
  • Outright futures contract + Any options futures position in the same root symbol: 2X CME Span Margin Requirement


To view a list of available futures contracts, as well as overnight requirement amounts, please click here.

To learn more about CME's SPAN Margining System, please click here.