Futures Calculator
Know exactly how much each tick costs before you enter a trade. One wrong calculation on a prop firm account can breach your daily loss limit in minutes.
Futures Risk Math for Prop Firm Traders
Futures contracts are leveraged instruments. One ES contract controls $250,000+ of notional value. A 20-point adverse move on 2 contracts costs $2,000. On a prop firm account with a $1,500 daily loss limit, that single trade ends your day and potentially your evaluation.
The most common mistake futures traders make on prop firms is not adjusting their contract count for the account size. A trader who normally trades 5 contracts on a personal account cannot trade 5 contracts on a $50K prop firm evaluation with a $1,000 daily loss limit. The math does not work.
Use the contract specifications table above and your firm-specific calculator to determine exactly how many contracts you can trade while staying safely within your daily loss limit.
Frequently Asked Questions
How much is one tick worth on ES futures?
One tick on ES (E-mini S&P 500) is $0.25 in price movement, worth $12.50 per contract. One full point ($1.00 move) is worth $50 per contract. On Micro ES (MES), one tick is $1.25 and one point is $5.00.
What is the margin requirement for futures on prop firms?
Prop firm margin requirements vary. Apex Trader Funding uses exchange margins during session hours and higher overnight margins. TopStep has specific position limits per account size. Most firms require $500-$2,000 intraday margin per ES contract depending on the account tier.
How many contracts can I trade on a $50K prop firm account?
It depends on the firm and your risk management. On TopStep with a $50K account and $1,000 daily loss limit, trading 2 ES contracts means each 10-point adverse move costs $1,000 -- your entire daily limit. Most experienced traders use 1-2 contracts on a $50K account to maintain safe risk levels.
What futures contracts do prop firms allow?
Most prop firms allow CME Group products: ES, NQ, YM, RTY (indices), CL, GC, SI (commodities), 6E, 6B, 6J (currencies), ZB, ZN (bonds), and their micro variants. Some firms restrict to specific contract types. Check your firm rules page for the complete list.