oco margin

[imalil]

This is what my broker sent me:

Example of total margin/cash required to trade 1 contract of ES with an OCO exit order:

Original position either buy/sell 1 contract of the ES ($400 margin required) - offsetting order, either limit/stop 1 contract of the ES (no margin required) - 2nd offsetting order, either limit/stop 1 contract of the ES ($400 margin required) = $800 Total Margin Required.

In other words, putting in a profit target is no charge. But putting in a stop loss, in addition to the profit target, will cost another $400. And vice versa.

Is this normal broker behavior? Or is this unique to this one broker?

[NinjaTrader_TylerG]

Hello imalil,
Thank you for your post.

Margin requirements are determined by the broker, and are outside of NinjaTrader's control. As margin requirements and risk management are specific to each broker, I will have to direct you to speak with a broker regarding this question. They will be able to provide further information about account requirements and fees that we do not have access to.

Please let me know if I can further assist.