Equity index futures · CME
MNQMicro E-mini Nasdaq-100
One MNQ tick is 0.25 index points, worth $0.50 per contract. One point is worth $2.
Contract specifications
| Specification | MNQ |
|---|---|
| Contract | Micro E-mini Nasdaq-100 |
| Exchange | CME |
| Contract size | $2 x the Nasdaq-100 index |
| Minimum tick | 0.25 index points |
| Tick value | $0.50 |
| Point value | $2 |
One tenth of the E-mini Nasdaq-100. Fifty cents a tick lets you trade the Nasdaq's volatility with stops wide enough to survive it, without risking most of a trailing drawdown on one trade.
Full-size contract: NQ - E-mini Nasdaq-100, $5 per tick.
How much room a funded account gives you on MNQ
Every Get Funded Now futures account has a 3% maximum drawdown. Divided by MNQ's $0.50 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.
| Account | Max drawdown | Ticks of room, 1 MNQ | Max contracts | Ticks of room, max MNQ |
|---|---|---|---|---|
| $25,000 | $750 | 1,500 | 2 | 750 |
| $50,000 | $1,500 | 3,000 | 4 | 750 |
| $75,000 | $2,250 | 4,500 | 5 | 900 |
| $100,000 | $3,000 | 6,000 | 6 | 1,000 |
| $150,000 | $4,500 | 9,000 | 9 | 1,000 |
Size a trade from your stop with the futures position size calculator, or see how end-of-day trailing drawdown works.
Specifications are set by the exchange and are published here for reference. Check the futures rules for the instruments available on your account.
Questions
What is the tick value of MNQ?
One MNQ tick (0.25 index points) is worth $0.50 per contract.
How much is one point on MNQ?
A full one-point move is worth $2 per contract.
What does one MNQ contract represent?
$2 x the Nasdaq-100 index, traded on CME.
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