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M6E tick value and contract specs
Micro EUR/USD futures on CME: what one tick is worth, the full exchange specification, and what a move costs on a prop firm account.
What is the M6E tick value?
One M6E tick is $0.0001 per euro, worth $1.25 per contract. One pip (0.0001) is worth $1.25, so a move of $0.005 per euro is 50 ticks, or $62.50 on one contract.
M6E contract specifications
From CME Group, read 2026-09-22.
Specification
Value
Source: CME Group — Micro EUR/USD contract specs, retrieved 2026-09-22. Margin is omitted: it changes often and differs by broker.
M6E ticks to dollars
Profit or loss = ticks moved × tick value × contracts.
Price move
Ticks
1 contract
5 contracts
10 contracts
A prop firm’s drawdown limit is a dollar amount, so the useful question is how far the market can move against you before you hit it. On a $2,000 limit, one M6E contract has $0.16 per euro (1,600 ticks) of room; five contracts have $0.032 per euro (320 ticks). A trailing drawdown shrinks that room as open profit is given back, so measure from where the limit is now, not where it started.
M6E trading hours
Central Time (CT)
Eastern Time (ET)
Daily break
CME sets hours in Chicago time. ET is always CT + 1 hour, because both zones change for daylight saving on the same dates.
M6E trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. See whether it is open right now, in your own time zone, on the futures market hours page. Holidays close or shorten the session — the CME holiday schedule for 2026 lists every one.
M6E contract months
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters.
Month code
Month
Example symbol
M6EZ26 is the December 2026 contract.
A full symbol is the product code, the month code and the year. How the codes work, and when volume rolls to the next contract, is on the futures month codes page.
M6E micro and mini
6E (Euro FX) tracks the same market at ten times the size of M6E: one tick is worth $6.25, against $1.25.
Sizing in the smaller contract lets you scale a position in finer steps, at the cost of paying commission on more contracts. Micro vs mini futures compares every pair.
Which prop firms allow M6E?
Each futures prop firm publishes its own list of permitted products and its own contract limits, and many count micros differently from minis. We do not yet record those lists symbol by symbol, so this page does not name firms rather than guess. Compare futures prop firms and check the firm’s rules page for M6E before you buy an evaluation.
FAQs — M6E
Facts checked 2026-09-22 against CME Group contract specifications.
What is the tick value of M6E?
One M6E tick is $0.0001 per euro, worth $1.25 per contract. One pip (0.0001) is worth $1.25, so a move of $0.005 per euro is 50 ticks, or $62.50 on one contract.
How much is one pip (0.0001) worth on M6E?
One pip (0.0001) is worth $1.25 per M6E contract: 1 ticks of $1.25.
What are M6E trading hours?
M6E trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.
What months does M6E trade?
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters. Month codes: H (Mar), M (Jun), U (Sep), Z (Dec).
Is M6E cash-settled?
M6E is physically delivered. Last trading day: 9:16 am CT, two business days before the third Wednesday of the contract month. Most traders roll to the next contract month before then.
What is the margin for M6E?
CME Group sets the exchange margin for M6E and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.
What is the difference between M6E and 6E?
6E (Euro FX) tracks the same market at ten times the size of M6E. One 6E tick is worth $6.25, against $1.25 for M6E.
Related reference
More futures reference, and where these rules meet prop firm terms.
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