Educational definition reviewed . Firm-specific usage may differ.
Dollar value of a full point move (common for index futures).
Point value is used here as a plain-language educational definition. Firms, platforms, and account programs may apply different conditions or calculations. Verify the current official terms before using this definition to make an account decision.
Agreement to buy/sell an asset at a future date/price on an exchange.
Smallest price increment a futures contract can move.
Dollar value of one tick move (varies by contract).
Smaller-sized futures contracts designed for lower margin/risk.
Standard “smaller than full-size” futures contract (e.g., E-mini indexes).
Capital required to open/hold a futures position (exchange/broker rules).
Review listed costs and rules, then confirm the applicable account terms with the firm.
Compare Prop Firms