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Micro Futures Explained for Prop Traders

Micro futures are one-tenth the size of standard E-mini contracts. They let futures prop traders size positions precisely, which matters with tight trailing drawdowns.

Key facts

MES (micro S&P 500) $5 per index point
MNQ (micro Nasdaq 100) $2 per index point
MYM (micro Dow) $0.50 per index point
MGC (micro gold) 10 ounces
MCL (micro crude) 100 barrels

What it means for your trading

Futures prop accounts combine exchange-traded contracts with firm-specific rules, most often a trailing drawdown and payout conditions. Size positions so a normal losing streak stays well inside the drawdown, prefer micro contracts while building a cushion, and read the funded-account rules before your first payout request.

For UK traders

CME products trade in US dollars, and most activity falls between 9:30 AM and 21:00 UK time. Payouts arrive in USD, so plan for conversion to GBP and keep records for HMRC.

See Topstep vs Apex and end-of-day drawdown prop firms.

Prop firms we currently recommend

  1. 1

    FundedNext Best for MetaTrader users

    Max account
    $200,000 (up to $4M through scaling)
    Profit split
    80%, up to 95%
    Fee from
    $59.99 USD (confirm at checkout)
    Our rating
    4.4 out of 5
  2. 2

    SabioTrade Best for learning while you evaluate

    Max account
    $1,000,000
    Profit split
    80–90%
    Fee from
    $139 USD (confirm at checkout)
    Our rating
    4.0 out of 5

FAQ

What should prop traders know about micro futures?

Micro futures are one-tenth the size of standard E-mini contracts. They let futures prop traders size positions precisely, which matters with tight trailing drawdowns.

Can UK traders trade futures with prop firms?

Yes. Topstep and Apex accept UK traders.

Are futures better than forex for prop trading?

Neither is better overall; futures suit day traders who want exchange data, forex suits MetaTrader users.