Futures tick and point values: MNQ, NQ, ES, MES
One NQ tick is $5 and one point is $20, with four ticks to a point. One MNQ tick is $0.50, so an MNQ point is $2. ES is $12.50 a tick and $50 a point; MES is $1.25 and $5. Enter a move in points or ticks below to see the dollars.
Tick values at a glance
Per contract, outright futures, per CME contract specifications (index contracts checked 26 September 2026, gold and crude oil 9 October 2026).
| Contract | Tick size | Ticks per point | Value per tick | Value per point | 10 points |
|---|---|---|---|---|---|
| ES E-mini S&P 500 | 0.25 | 4 | $12.50 | $50.00 | 40 ticks = $500.00 |
| MES Micro E-mini S&P 500 | 0.25 | 4 | $1.25 | $5.00 | 40 ticks = $50.00 |
| NQ E-mini Nasdaq-100 | 0.25 | 4 | $5.00 | $20.00 | 40 ticks = $200.00 |
| MNQ Micro E-mini Nasdaq-100 | 0.25 | 4 | $0.50 | $2.00 | 40 ticks = $20.00 |
| YM E-mini Dow | 1 | 1 | $5.00 | $5.00 | 10 ticks = $50.00 |
| MYM Micro E-mini Dow | 1 | 1 | $0.50 | $0.50 | 10 ticks = $5.00 |
| RTY E-mini Russell 2000 | 0.1 | 10 | $5.00 | $50.00 | 100 ticks = $500.00 |
| M2K Micro E-mini Russell 2000 | 0.1 | 10 | $0.50 | $5.00 | 100 ticks = $50.00 |
| GC Gold | 0.1 | 10 | $10.00 | $100.00 | 100 ticks = $1,000.00 |
| MGC Micro Gold | 0.1 | 10 | $1.00 | $10.00 | 100 ticks = $100.00 |
| CL WTI Crude Oil | 0.01 | 100 | $10.00 | $1,000.00 | 1,000 ticks = $10,000.00 |
| MCL Micro WTI Crude Oil | 0.01 | 100 | $1.00 | $100.00 | 1,000 ticks = $1,000.00 |
MNQ outright futures
- Minimum tick
- 0.25 points
- Ticks per point
- 4
- Value per tick
- $0.50
- Value per point
- $2.00
- Movement in ticks
- 40
- Gross value of that movement
- $20.00
Direction determines whether this is a gain or loss. Fees, spread and slippage are excluded. A stop order does not guarantee this amount.
NQ vs MNQ and ES vs MES
| Pair | Per point | Per tick | 10-point move |
|---|---|---|---|
| NQ / MNQ | $20 / $2 | $5 / $0.50 | $200 / $20 |
| ES / MES | $50 / $5 | $12.50 / $1.25 | $500 / $50 |
Ten micros match one mini in index exposure, before fees. A copier cannot send fractional contracts, and a $50K account is not $50K you can lose.
The formula
ticks = points ÷ tick size
dollars = ticks × tick value × contracts
Example: 5 MNQ points is 20 ticks, so 20 × $0.50 × 3 contracts is $30. The result is the same size up or down. A stop can fill past its price, so this is not a maximum loss.
Copying NQ to MNQ in Copilink
Cross Order maps the NQ leader to MNQ, and the follower ratio sets the size, rounded down to whole contracts. Use a ratio of 10 for ten MNQ per NQ, or less when the follower has less drawdown room. Below one contract, no order is sent.
| NQ leader | Follower ratio | MNQ follower |
|---|---|---|
| 1 | 0.5 | 0 |
| 1 | 1 | 1 |
| 1 | 10 | 10 |
| 2 | 0.5 | 1 |
| 2 | 1 | 2 |
| 2 | 10 | 20 |
Configuration math, not observed fills. Check follower positions at the broker after a disconnect or rollover.
Read the profiles and sizing guideTick value questions
How much is one tick on NQ?
$5. NQ moves in 0.25-point ticks and a point is worth $20, so one tick is 0.25 × $20 = $5 per contract. On MNQ a tick is $0.50.
How many ticks are in a point on NQ?
Four. A 15-point move is 60 ticks: $300 on one NQ and $30 on one MNQ.
How many ticks is 10 points on NQ?
40 ticks. That is $200 on one NQ contract and $20 on one MNQ. Twenty points is 80 ticks: $400 on NQ, $40 on MNQ.
How much is one MNQ tick worth?
$0.50 per contract. Four ticks make one point, so one MNQ point is $2 and a 10-point move is $20 per contract.
How many MNQ equal one NQ?
Ten. One MNQ point is $2 and one NQ point is $20, so ten MNQ carry the same dollar move per point as one NQ, before fees.
What is the ES tick value?
$12.50 per 0.25-point tick, or $50 per point. MES is $1.25 per tick and $5 per point.
How many ticks is 60 points on YM?
60. A YM tick is one full point worth $5, so 60 points is $300 on one YM and $30 on one MYM.
How do you calculate tick value?
Multiply the tick size by the contract's dollar value per point: for NQ, 0.25 × $20 = $5. To value a move, divide the points by the tick size, then multiply by the tick value and the number of contracts.
Which contract fits a small prop account's drawdown?
Divide the drawdown by what your usual stop risks on one contract. A 20-point NQ stop risks $400 per contract, so a $2,000 drawdown covers five such losses on one NQ, or fifty on one MNQ, before fees and slippage.