Cryptocurrency Q&A
How much capital do you need to start trading futures?
How much capital do you need to start trading futures?
Silvia
Thu Feb 06 2025
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5
answers
1186
I'm interested in starting futures trading, but I'm not sure how much initial capital is required. I want to know the minimum amount of money I need to deposit to begin trading futures contracts.
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5 answers
BlockchainBaronGuard
Fri Feb 07 2025
To qualify for futures trading approval, there are specific criteria that need to be met regarding your account status.
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CryptoTamer
Fri Feb 07 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to various trading needs. Its services encompass spot trading, allowing for the direct purchase and sale of cryptocurrencies. It also provides futures trading, enabling traders to speculate on the future price movements of digital assets. Furthermore, BTCC offers wallet services, ensuring the secure storage of cryptocurrencies.
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benjamin_rose_author
Fri Feb 07 2025
Firstly, margin approval is mandatory. This ensures that your account has been verified for the level of risk associated with leveraged trading. It is crucial to check your margin approval status beforehand.
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TaegeukChampionCourage
Fri Feb 07 2025
Secondly, there is a minimum account balance requirement of $1,500. This amount is necessary for margin accounts, which are required for futures trading.
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KDramaLegendary
Fri Feb 07 2025
Additionally, for those who wish to trade futures within an IRA, there is an additional criterion. A minimum net liquidation value (NLV) of $25,000 must be maintained in the account.
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