What Are Micro E-mini Futures?

Micro E-mini futures are 1/10th the size of the regular E-mini contracts. Launched by CME Group in 2019, they made futures trading accessible to smaller accounts. MES tracks the S&P 500; MNQ tracks the Nasdaq 100.

Contract Specifications

• MES (Micro E-mini S&P 500): Multiplier $5/pt, tick $1.25, margin ~$1,000-$1,500
• MNQ (Micro E-mini Nasdaq 100): Multiplier $2/pt, tick $0.50, margin ~$1,200-$1,800
• M2K (Micro E-mini Russell 2000): Multiplier $5/pt, tick $1.00
• MYM (Micro E-mini Dow): Multiplier $0.50/pt, tick $0.50

Why Trade Micros?

• Lower margin requirements vs standard E-minis
• Same market hours and liquidity benefits
• Better risk control for smaller accounts
• Great for practicing before scaling up to standard contracts

Calculate Your Risk

Before entering any trade, calculate your maximum loss. If you buy 2 MNQ at 18,500 with a stop at 18,450, your risk = 50 points × $2 × 2 contracts = $200. Use the Futures Calculator to quickly verify position sizing before trading.