Support for Stop and Stop Limit orders
Stop and stop-limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the popup details for each contract.

Initial margin
The initial margins listed below are the collateral per contract that you must have in your account to open a position.

Maintenance margin
Futures contracts are traded on margin enabling you to leverage a small margin deposit for a much greater market effect.

You must maintain the Maintenance Margins listed below per contract in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

Expiry of Futures Contracts
Please note that The Sharemarket College does not support physical delivery of the underlying security upon expiry of a futures contract. We therefore advise you to be aware of the expiry and first notice dates of any futures contracts you invest in and ensure that you close your position before this date. If you do not close a futures position before its expiry or first notice date, Sonray Capital Markets will close your position for you at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.

If you require any assistance or clarification regarding the expiry of futures contracts, please contact The Sharemarket College.

Please select a feature from the list on the right to view more information.