What Are Micro Euro Futures?
Micro Euro Futures (M6E) are a smaller-sized version of standard Euro Futures contracts. These contracts provide traders with exposure to the Euro (EUR) currency market with reduced financial commitment. They are ideal for retail traders looking to hedge currency exposure or speculate on movements in the EUR/USD exchange rate.
Contract Size
- Contract Size: 12,500 Euros (EUR).
Trading Hours
The Micro Euro Futures contract trades nearly 24 hours a day, five days a week, providing consistent access to the global forex market.
- Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: 0.0001 per EUR.
- Tick Value: $1.25 per tick.
- Minimum Price Fluctuation: 0.0001 per EUR.
This makes Micro Euro Futures an excellent choice for precision trading in the forex market with smaller financial exposure.
Trading Symbol
- Platform Symbol: M6E
Margins
To trade Micro Euro Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Micro Euro Futures?
- Accessibility: Lower margins and smaller contract size make M6E accessible to retail traders.
- Flexibility: Manage risk with smaller contract sizes compared to standard currency futures.
- Liquidity: Benefit from consistent liquidity in the forex futures market.
- Diversification: Add exposure to the Euro as part of a broader trading strategy.
Start Trading M6E with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Micro Euro Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.