Micro Futures

Think big, trade small

With a lower cost of entry and lower margin requirements, micro futures might be an efficient way to diversify your portfolio. 
Futures trading services provided by Charles Schwab Futures and Forex LLC
Micro Futures Illustration
Micro Futures Illustration
Futures trading services provided by Charles Schwab Futures and Forex LLC

Micro E-mini index futures. Tiny contracts. More market exposure.

At just 1/10 the size of the E-mini contract, micro E-mini futures allow more traders than ever to gain access to four major liquid equity indexes: the Dow Jones Industrial, S&P 100, NASDAQ, and the Russell 2000. 

Dive deeper into micro E-mini futures

Check out our quick info guide (PDF) to learn about the different sectors available to trade, and find out how these smaller contracts compare with other products.

Download the quick info guide

Drill into the futures market with micro crude oil futures

Futures-approved traders now have the opportunity to get precise exposure to the oil market. Micro crude oil futures are 1/10th the size of the standard crude oil futures contract with smaller requirements, which means they could be your tiny ticket into the exciting market that is big oil.

oil field

New Micro Crude Futures Offer Lower-Cost Ticket into Oil Patch

Article | Discover how you can cost-efficiently trade oil futures, the most actively traded commodity. 
Read more
Micro WTI Crude Video

Learn about Micro WTI Crude Oil futures

Video | Explore the power and precision of trading a smaller oil contract. 

Sponsored content provided by CME Group
Watch now

Compare crude oil futures

Micro Crude Oil Futures

Standard Crude Oil Futures

Symbol

Micro Crude Oil Futures

/MCL

Standard Crude Oil Futures

/CL

Contract Size

Micro Crude Oil Futures

100 barrels

Standard Crude Oil Futures

1,000 barrels

Ratio to the Standard

Micro Crude Oil Futures

1/10

Standard Crude Oil Futures

Standard

Minimum Tick Increment

Micro Crude Oil Futures

$0.01/barrel

Standard Crude Oil Futures

$0.01/barrel

Dollar Value of a Tick Increment

Micro Crude Oil Futures

$1/contract

Standard Crude Oil Futures

$10/contract

Settlement Type

Micro Crude Oil Futures

Cash

Standard Crude Oil Futures

*Physical

For illustrative purposes only.

*Charles Schwab Futures and Forex LLC does not allow physical delivery for future products.

Micro bitcoin futures: get all the crypto action at the fraction of the size

At 1/50th the contract size of a standard five-bitcoin futures contract, Micro Bitcoin futures (MBT) provide an efficient, cost-effective way to fine-tune bitcoin exposure and to enhance your trading strategies.  Whether you're making your first futures trade or you're a veteran futures trader, you can seize the opportunity to make your mark in the crypto market. 

Illustration of Bitcoin slices

New Micro Bitcoin Futures Offer "Smaller Bite" Exposure to Crypto

Article | Learn about a more cost-effective way to get exposure to crypto.
Read more
Micro Bitcoin futures video

Learn about Micro Bitcoin futures

Video | Find out the fundamentals behind bitcoin futures contracts and different ways to use them. 

Sponsored content provided by CME Group
Watch now

See the difference at work

CME Micro Bitcoin Futures

CME Bitcoin Futures

Symbol

CME Micro Bitcoin Futures

/MBT

CME Bitcoin Futures

/BTC

Contract Size

CME Micro Bitcoin Futures

0.1 bitcoin

CME Bitcoin Futures

5 bitcoin

Minimum Tick

CME Micro Bitcoin Futures

5

CME Bitcoin Futures

5

Minimum Value of One Tick

CME Micro Bitcoin Futures

$0.5

CME Bitcoin Futures

$25.00

Margin Requirement

CME Micro Bitcoin Futures

$3,217.50**

CME Bitcoin Futures

$160,842**

Notional Value

CME Micro Bitcoin Futures

$5,570**

CME Bitcoin Futures

$278,500**

**Margin and Notional Value based on prices from 10/7/2021.  Prices are subject to daily fluctuations. 

Available micro futures products

Product

Symbol

Tradeable Options

Multiplier

Minimum Tick Size

Settlement

Micro E-mini S&P 500

Symbol

/MES

Tradeable Options

Yes

Multiplier

$5

Minimum Tick Size

0.25 = $1.25

Settlement

cash

Micro E-mini Nasdaq 100

Symbol

/MNQ

Tradeable Options

Yes

Multiplier

$2

Minimum Tick Size

0.25 = $0.50

Settlement

cash

Micro E-mini Russell 2000

Symbol

/M2K

Tradeable Options

No

Multiplier

$5

Minimum Tick Size

0.1 = $0.50

Settlement

cash

Micro E-mini DOW

Symbol

/MYM

Tradeable Options

No

Multiplier

$0.50

Minimum Tick Size

1.00 = $0.50

Settlement

cash

Micro WTI Crude Oil

Symbol

/MCL

Tradeable Options

No

Multiplier

$100

Minimum Tick Size

0.01 = $1.00

Settlement

cash

CME Micro Bitcoin1

Symbol

/MBT

Tradeable Options

No

Multiplier

$0.10

Minimum Tick Size

5.00 = $0.50

Settlement

cash

CME Micro Ether

Symbol

/MET

Tradeable Options

No

Multiplier

$0.10

Minimum Tick Size

0.50 = $0.05

Settlement

cash

Micro Gold

Symbol

/MGC

Tradeable Options

No

Multiplier

$50

Minimum Tick Size

0.25 = $12.50

Settlement

cash

Micro Silver

Symbol

/SIL

Tradeable Options

No

Multiplier

$1,000

Minimum Tick Size

0.005 = $5.00

Settlement

physical

Micro EUR/USD

Symbol

/M6E

Tradeable Options

No

Multiplier

$12,500

Minimum Tick Size

0.0001 = $1.25

Settlement

physical

Micro AUD/USD

Symbol

/M6A

Tradeable Options

No

Multiplier

$10,000

Minimum Tick Size

0.0001 = $1.00

Settlement

physical

Micro CAD/USD

Symbol

/MCD

Tradeable Options

No

Multiplier

$10,000

Minimum Tick Size

0.0001 = $1.00

Settlement

physical

Micro GBP/USD

Symbol

/M6B

Tradeable Options

No

Multiplier

$6,250

Minimum Tick Size

0.0001 = $0.625

Settlement

physical

Micro CHF/USD

Symbol

/MSF

Tradeable Options

No

Multiplier

$12,500

Minimum Tick Size

0.0001 = $1.25

Settlement

physical

Micro 10 Yr Yield

Symbol

/10Y

Tradeable Options

No

Multiplier

$1,000

Minimum Tick Size

0.001 = $1.00

Settlement

cash

Trading hours are 6 p.m. to 5 p.m. ET

 1To learn more, visit our Bitcoin Futures page.
Man trading futures on a tablet

Learn how to get started with a futures trading account

Why trade micro futures through us?

Futures trading services provided by Charles Schwab Futures and Forex LLC
  • Comprehensive Education

    Learn more about futures with our award-winning articles, videos and more.
  • Innovative Platforms

    Access the futures market with our in-depth tools and features on our award-winning thinkorswim platform.
  • A Robust Range of Products

    Trade a wide range of micro futures products, like micro index futures, micro crude oil futures, and micro bitcoin futures.
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