How much is one point of MGC worth?
One point of MGC (Micro Gold) is worth $10 per contract. If the price moves 16 points, each contract makes or loses $160.
MGC tick value and point value
Micro Gold. One point is worth $10 per contract and the 0.1 minimum tick $1. CME Group specifications, the same at any broker and prop firm.
- 1 point$10
- 1 tick (0.1)$1
- Ticks per point10
- 10 MGC =1 GC
Contracts
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MGC profit and loss per point
| Move | 1 contract | 5 contracts | 10 contracts | 20 contracts |
|---|---|---|---|---|
| 0.1 points (1 tick) | $1 | $5 | $10 | $20 |
| 1 point | $10 | $50 | $100 | $200 |
| 4 points | $40 | $200 | $400 | $800 |
| 8 points | $80 | $400 | $800 | $1,600 |
| 16 points | $160 | $800 | $1,600 | $3,200 |
| 40 points | $400 | $2,000 | $4,000 | $8,000 |
Before commissions. Profit and loss are symmetrical: the same move against you costs the same.
MGC vs GC
| Contract | Underlying | 1 point | 1 tick |
|---|---|---|---|
| MGC | Micro Gold | $10 | $1 |
| GC | Gold (COMEX) | $100 | $10 |
MGC lets you size risk in steps ten times smaller than GC: useful with small accounts or wide stops.
MGC on a 50K funded account
Points of loss one MGC 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 | 200 | 100 |
| Apex Trader Funding EOD Evaluation | $2,000 | 200 | 100 |
| Apex Trader Funding Intraday Evaluation | $2,000 | 200 | None |
| Lucid Trading LucidFlex / LucidPro / LucidDaily | $2,000 | 200 | 120 |
| Tradeify Growth | $2,000 | 200 | 125 |
| Tradeify Select | $2,000 | 200 | None |
Example: how many MGC 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 MGC contract risks 8 × $10 = $80. That fits 6 contracts, risking $480.
If the market is choppier and the stop needs 16 points, the risk per contract doubles and 3 contracts fit: the money at stake is still $500, only the size changes. With 2% risk ($1,000) and the 8-point stop, 12 contracts fit.
How the MGC tick value is calculated
The tick is the smallest price move: 0.1 points on MGC. Its value is the point value times that size: $10 × 0.1 = $1, and one point has 10 ticks. To turn a stop in ticks into money, multiply the ticks by $1; to see how many points a given risk allows, divide the money by $10.
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 MGC tick value?
The minimum tick is 0.1 points, worth $1 per contract. One point has 10 ticks.
How many MGC equal one GC?
Ten. MGC is the micro of GC: it tracks the same underlying at one tenth of the point value ($10 versus $100).
How much do I make on 16 points of MGC?
$160 per contract: 16 points × $10. With 5 contracts, $800. Your broker’s commissions come on top.