---
title: "Tick value - Meaning & GFN's Figure - Get Funded Now"
description: "What one minimum price increment is worth per contract. It is the futures and index equivalent of pip value, and it converts a stop distance directly…"
url: "https://getfundednow.com/glossary/tick-value"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/tick-value"
  pt-BR: "https://getfundednow.com/pt-br/glossary/tick-value"
  fr: "https://getfundednow.com/fr/glossary/tick-value"
  it: "https://getfundednow.com/it/glossary/tick-value"
  de: "https://getfundednow.com/de/glossary/tick-value"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Instruments and markets

# Tick value

What one minimum price increment is worth per contract. It is the futures and index equivalent of pip value, and it converts a stop distance directly into a dollar figure.

GFN’s figure

Whatever the instrument, GFN's limits are the same dollar figures: $5,000 of daily allowance and $8,000 of drawdown room on a $100,000 1 Step account. Tick value is what converts a stop into those dollars.

In detail

## Tick value, explained

Tick value varies enormously between instruments, which is why the same number of ticks means completely different risk on two contracts.

The calculation that matters is always the same: dollars at risk divided by stop distance in ticks divided by tick value gives the number of contracts.

[Rules handbook](https://getfundednow.com/rules) · [Gold and metals at GFN](https://getfundednow.com/instruments/gold) · [Indices at GFN](https://getfundednow.com/instruments/indices) · [More instruments and markets](https://getfundednow.com/glossary/category/instruments)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Pip](https://getfundednow.com/glossary/pip) - The standard unit of price movement in forex - 0.0001 for most pairs, 0.01 for yen pairs. A pipette is one tenth of a pip, which is why most quotes carry a fifth or third decimal place.
- [Position size](https://getfundednow.com/glossary/position-size) - How many lots a trade is placed in. It is calculated from the dollar amount being risked and the stop distance, not chosen first - which is the reverse of how most traders approach it.
- [Indices](https://getfundednow.com/glossary/indices) - Instruments tracking a basket of shares - the Dow, the S&P 500, the Nasdaq 100 and their international equivalents. Traded as contracts for difference, they give index exposure without owning any share.
- [Lot](https://getfundednow.com/glossary/lot) - The unit position size is measured in. One standard forex lot is 100,000 units of the base currency; mini and micro lots are one tenth and one hundredth of that.

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Source: https://getfundednow.com/glossary/tick-value
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