Euro FX vs Micro EUR/USD
Same underlying, different size: one 6E equals 10 M6E.
Margins as of Specs checked as of How we source this
| 6E | M6E | |
|---|---|---|
| Exchange | Chicago Mercantile Exchange | Chicago Mercantile Exchange |
| Contract unit | €125,000 | €12,500 |
| Tick size | 0.00005 | 0.0001 |
| Tick value | $6.25 | $1.25 |
| One point | $125,000 | $12,500 |
| Initial margin | $2,310 | $231 |
| Maintenance margin | $2,100 | $210 |
| Settlement | Physical delivery | Cash |
| Contract months | Mar (H), Jun (M), Sep (U), Dec (Z) | Mar (H), Jun (M), Sep (U), Dec (Z) |
| Front contract | 6EZ26, roll by 10 Dec 2026 | M6EZ26, roll by 7 Dec 2026 |
| Trading hours | CME Globex. Sunday open 17:00 CT, Friday close 16:00 CT, 60-minute daily maintenance break. | CME Globex. Sunday open 17:00 CT, Friday close 16:00 CT, 60-minute daily maintenance break. |
How they compare
Euro FX (6E) and Micro EUR/USD (M6E) track the same underlying on Chicago Mercantile Exchange. The difference is size. One point is worth $125,000 on 6E and $12,500 on M6E, so one 6E carries the same exposure as 10 M6E contracts. Ticks are 0.00005 on 6E, worth $6.25, and 0.0001 on M6E, worth $1.25.
Exchange initial margin is $2,310 for 6E and $231 for M6E, a ratio of 10.0 to 1. Margins are set product by product, so they don't always scale exactly with contract size. Both trade the same hours (CME Globex. Sunday open 17:00 CT, Friday close 16:00 CT, 60-minute daily maintenance break).
The practical difference is granularity. With M6E, position size moves in steps of $1.25 per tick rather than $6.25, which matters when the amount you are prepared to lose at a given stop isn't a whole number of 6E contracts. Commissions and exchange fees are charged per contract, so 10 M6E usually cost more to trade than one 6E; check both with your broker, along with liquidity at the times you trade.
Size a position on either with the 6E calculators or the M6E calculators.
Questions
- How many M6E equal one 6E?
- 10. One 6E point is worth $125,000; one M6E point is worth $12,500.
- What is the margin difference between 6E and M6E?
- Exchange initial margin is $2,310 for 6E and $231 for M6E (as of 27 Oct 2026).
- Do 6E and M6E trade the same hours?
- Yes.