# Futures Tick Value Calculator

> Free futures calculator: tick value, risk per contract and max contracts for ES, MES, NQ, MNQ, YM, RTY, GC, CL and more. Built for futures prop challenges.

**Source:** https://propfirmito.com/tools/futures-tick-value-calculator/  
**Last modified:** 2026-07-07

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# Futures Tick Value & Contract Risk Calculator

Pick a CME futures contract, set your stop in ticks and your dollar risk budget, and get the risk per contract and the maximum number of contracts you can trade. Includes E-mini and Micro contracts: ES, MES, NQ, MNQ, YM, RTY, GC, CL and more.

Futures contract E-mini S&P 500 (ES) — $12.50/tickMicro E-mini S&P 500 (MES) — $1.25/tickE-mini Nasdaq-100 (NQ) — $5.00/tickMicro E-mini Nasdaq-100 (MNQ) — $0.50/tickE-mini Dow (YM) — $5.00/tickMicro E-mini Dow (MYM) — $0.50/tickE-mini Russell 2000 (RTY) — $5.00/tickMicro E-mini Russell 2000 (M2K) — $0.50/tickGold (GC) — $10.00/tickMicro Gold (MGC) — $1.00/tickCrude Oil (CL) — $10.00/tickMicro Crude Oil (MCL) — $1.00/tickEuro FX (6E) — $6.25/tickStop-loss (ticks) Risk budget ($) Calculate

## Results

Contract E-mini S&P 500 (ES)

Tick value $12.50 / 0.25

Stop in points 4.00

Risk per contract $200.00

Max contracts within budget 2

Actual risk at that size $400.00

The results below use the form’s default values. Enable JavaScript to recalculate live with your own numbers.

## How it works

**Formula:** Risk per contract = stop ticks × tick value. Max contracts = floor(risk budget ÷ risk per contract). Example on ES ($12.50/tick): a 16-tick stop risks $200 per contract; with a $500 budget you can trade 2 contracts.

## Frequently asked questions

### What is a tick in futures trading?

A tick is the smallest price increment a futures contract can move, and each tick has a fixed dollar value. On the E-mini S&P 500 (ES) one tick is 0.25 index points and is worth $12.50 per contract; on the Micro (MES) the same move is worth $1.25.

### How many contracts can I trade in a futures prop challenge?

Divide your dollar risk budget per trade by the risk per contract (stop ticks × tick value) and round down. Keep the result inside the max-contracts rule of your specific program — each futures firm caps position size per account tier.

### What is the difference between E-mini and Micro contracts?

Micros are one-tenth the size of E-minis: MES is worth $1.25 per tick against $12.50 for ES. Micros let you scale risk precisely on smaller drawdown budgets, which is why most futures prop traders size with Micros first.

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Free educational calculator. Not financial advice. Rules differ by firm — always verify exact values on your firm’s official site.