The amount is established by the exchange and is a percentage of the value of the futures contract. For example, a crude oil contract futures contract is 1,000 barrels of oil. At $75 per barrel, the notional value of the contract is $75,000. A trader is not required to place this amount into an account. Tradovate, LLC is an NFA registered introducing broker providing brokerage services to traders of futures exchange products. *Tradovate, LLC does not charge platform, maintenance, or inactivity fees. Exchange, NFA, and clearing fees still apply. Initial Margins are set by the respective exchange and represent the amount required to hold a position into the next trading session. Initial Margin is also required on holidays when trading sessions span multiple days. If the account does not have sufficient funds to satisfy the Initial margin requirement,