How much is one point of M2K worth?
One point of M2K (Micro E-mini Russell 2000) is worth $5 per contract. If the price moves 16 points, each contract makes or loses $80.
M2K tick value and point value
Micro E-mini Russell 2000. One point is worth $5 per contract and the 0.1 minimum tick $0.50. CME Group specifications, the same at any broker and prop firm.
- 1 point$5
- 1 tick (0.1)$0.50
- Ticks per point10
- 10 M2K =1 RTY
Contracts
0
- Actual risk
- —
- Risk per contract
- —
- Point value
- —
- Tick value
- —
M2K profit and loss per point
| Move | 1 contract | 5 contracts | 10 contracts | 20 contracts |
|---|---|---|---|---|
| 0.1 points (1 tick) | $0.50 | $2.50 | $5 | $10 |
| 1 point | $5 | $25 | $50 | $100 |
| 4 points | $20 | $100 | $200 | $400 |
| 8 points | $40 | $200 | $400 | $800 |
| 16 points | $80 | $400 | $800 | $1,600 |
| 40 points | $200 | $1,000 | $2,000 | $4,000 |
Before commissions. Profit and loss are symmetrical: the same move against you costs the same.
M2K vs RTY and MES
| Contract | Underlying | 1 point | 1 tick |
|---|---|---|---|
| M2K | Micro E-mini Russell 2000 | $5 | $0.50 |
| RTY | E-mini Russell 2000 | $50 | $5 |
| MES | Micro E-mini S&P 500 | $5 | $1.25 |
M2K lets you size risk in steps ten times smaller than RTY: useful with small accounts or wide stops. MES tracks a different index: points are worth a different amount and the indices do not move alike, so compare risk in dollars, not points.
M2K on a 50K funded account
Points of loss one M2K contract can take before each limit. With more contracts, divide by the number of contracts.
| Program | Max loss | Points (1 contract) | Daily limit in points |
|---|---|---|---|
| Topstep Trading Combine | $2,000 | 400 | 200 |
| Apex Trader Funding EOD Evaluation | $2,000 | 400 | 200 |
| Apex Trader Funding Intraday Evaluation | $2,000 | 400 | None |
| Lucid Trading LucidFlex / LucidPro / LucidDaily | $2,000 | 400 | 240 |
| Tradeify Growth | $2,000 | 400 | 250 |
| Tradeify Select | $2,000 | 400 | None |
Example: how many M2K on a $50,000 account
With a $50,000 account and 1% risk per trade, you can lose $500 if the stop is hit. With a 8-point stop (80 ticks), each M2K contract risks 8 × $5 = $40. That fits 12 contracts, risking $480.
If the market is choppier and the stop needs 16 points, the risk per contract doubles and 6 contracts fit: the money at stake is still $500, only the size changes. With 2% risk ($1,000) and the 8-point stop, 25 contracts fit.
How the M2K tick value is calculated
The tick is the smallest price move: 0.1 points on M2K. Its value is the point value times that size: $5 × 0.1 = $0.50, and one point has 10 ticks. To turn a stop in ticks into money, multiply the ticks by $0.50; to see how many points a given risk allows, divide the money by $5.
These figures are the contract specifications set by the exchange (CME Group), the same at every broker. What varies from one broker to another is the commission per contract and the margin required to open the position: check both before you trade.
Frequently asked questions
What is the M2K tick value?
The minimum tick is 0.1 points, worth $0.50 per contract. One point has 10 ticks.
How many M2K equal one RTY?
Ten. M2K is the micro of RTY: it tracks the same index at one tenth of the point value ($5 versus $50).
How much do I make on 16 points of M2K?
$80 per contract: 16 points × $5. With 5 contracts, $400. Your broker’s commissions come on top.