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Trading Futures, Stocks, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. The lower Day Trade margin the higher the leverage and riskier the trade. Leverage can work for you as well as against you, it magnifies gains as well as losses. Past performance is not necessarily indicative of future results. There is a substantial risk of loss in trading stocks, commodity futures and options. Options, cash & futures markets are separate and distinct and do not necessarily respond in the same way to similar market stimulus. A movement in the cash market would not necessarily move in tandem with the related futures and options contract being offered.