Futures
Powerful tools, specialized service, and great value
- Available in brokerage and eligible IRAs
- Trade futures listed on CME, ICE US, and CFE
- Micro and E-mini contracts now available
- Support from licensed Futures Specialists
$1.50
price per contract,2 on futures and options on futures, except for cryptocurrency futures
24/6
hour access to markets3
Why trade futures?
Trade some of the most liquid contracts, in some of the world's largest markets. Diversify into metals, energies, interest rates, or currencies.
Near around-the-clock trading
Trade 24 hours a day, six days a week3
No pattern day trading rules
No minimum account value to trade multiple times per day
Ease of going short
No short sale restrictions or hard-to-borrow availability concerns
Capital efficiencies
Control a large amount of notional value with relatively small amount of capital
Get up to $1,000 for a limited time1
Open and fund a new brokerage account with a qualifying deposit by May 31, 2024. Learn how
Use promo code: PROMO24
Pro-level tools, online or on the go
You can trade on your desktop or mobile device anytime during the 24/6 futures trading sessions with the award-winning Power E*TRADE and Power E*TRADE app.4
- Trade futures alongside equities, ETFs, and options on the same platform without moving funds between accounts
- Use ladders on the web and mobile app to view real-time contract prices and directly trade, cancel, or modify orders
- Formulate trading strategies with 100+ technical studies and full suite of drawing tools
Feel the pulse of the markets
E*TRADE Futures Research Center is powered by the CME Group—one of the world’s largest futures exchanges.
- Learn why many sophisticated traders rely on futures, including portfolio diversification, liquidity, leverage, and more
- See what’s hot with a streaming real-time quotes heatmap
- Get insights from seasoned professionals on indexes, energies, metals, FX, and interest rates
Contract specifications
Futures accounts are not automatically provisioned for selling futures options.
To request permission to trade futures options, please call futures customer support at 877-553-8887.
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Available in IRA* |
Futures Options | Months Traded | Settlement |
|---|---|---|---|---|---|---|---|---|
| /ES | E-mini S&P 500 | 0.25 | $12.50 | 6 p.m.–5:00 p.m. | Y | Y | H,M,U,Z | Cash |
| /MES | Micro E-mini S&P 500 | 0.25 | $1.25 | 6 p.m.–5:00 p.m. | Y | Y | H,M,U,Z | Cash |
| /NQ | E-mini Nasdaq 100 | 0.25 | $5.00 | 6 p.m.–5:00 p.m. | Y | Y | H,M,U,Z | Cash |
| /MNQ | Micro E-mini Nasdaq 100 | 0.25 | $0.50 | 6 p.m.–5:00 p.m. | Y | Y | H,M,U,Z | Cash |
| /YM | Mini Dow | 1 | $5.00 | 6 p.m.–5:00 p.m. | Y | Y | H,M,U,Z | Cash |
| /MYM | Micro E-mini Dow | 1 | $0.50 | 6 p.m.–5:00 p.m. | N | H,M,U,Z | Cash | |
| /RTY | E-mini Russell | 0.1 | $5.00 | 6 p.m.–5:00 p.m. | Y | Y | H,M,U,Z | Cash |
| /M2K | Micro E-mini Russell 2000 | 0.10 | $0.50 | 6 p.m.–5:00 p.m. | Y | H,M,U,Z | Cash | |
| /EMD | E-mini S&P Midcap | 0.1 | $10.00 | 6 p.m.–5:00 p.m. | N | Y | H,M,U,Z | Cash |
| /VX | CBOE S&P 500 VIX | 0.05 | $50.00 | 6 p.m.–5:00 p.m. (15 min. trading halt 4:15 p.m.–4:30 p.m) |
ALL | Cash | ||
| /VXM | Mini Cboe Volatility Index | 0.05 | $5.00 | 6 p.m.–5:00 p.m. (15 min. trading halt 4:15 p.m.–4:30 p.m) |
ALL | Cash | ||
| /NKD | Nikkei 225 | 5 | $25.00 | 6 p.m.–5:15 p.m. | H,M,U,Z | Cash | ||
| /NIY | Nikkei 226 | 5 | $25.00 | 7 p.m.–5:15 p.m. | H,M,U,Z | Cash | ||
| /B5 | Nano Bloomberg US Large Cap Index Futures | 0.01 | $1.00 | 6 p.m.–5:00 p.m. | H,M,U,Z | Cash |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Months Traded | Settlement |
|---|---|---|---|---|---|---|
| /CL | Crude Oil WTI* | 0.01 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Physical |
| /MCL | Micro WTI Crude Oil** | 0.01 | $1.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Cash |
| /NG | Natural Gas | 0.001 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Cash |
| /HO | Heating Oil | 0.0001 | $4.20 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Physical |
| /BZ | Brent Crude Oil | 0.01 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Cash |
| /RB | Gasoline RBOB | 0.0001 | $4.20 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Physical |
| /QG | E-mini Natural Gas | 0.005 | $12.50 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Cash |
| /QM | E-mini Crude Oil | 0.025 | $12.50 | 6 p.m.–5:15 p.m. (Sun–Fri) | ALL | Cash |
* Customers trading in front month crude oil contracts may be subject to heightened margin requirements and possible liquidation
** Micro WTI Crude Oil futures are listed as a monthly contract, expiring the day before the standard counterpart.
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Available in IRA* |
Months Traded | Settlement |
|---|---|---|---|---|---|---|---|
| /SR3 | Three-Month SOFR | 0.005 | $12.50 | 6 p.m.–5 p.m. (Sun–Fri) |
N | H,M,U,Z | Cash |
| /ZN | 10-Year T-note | 0’005 | $15.63 | 6 p.m.–5 p.m. (Sun–Fri) |
Y | H,M,U,Z | Physical |
| /10Y | Micro 10-Year Yield | 0.001 | $1.00 | 6 p.m.–5 p.m. (Sun–Fri) |
N | H,M,U,Z | Cash |
| /ZF | 5-year T-note | 0’002 | $7.81 | 6 p.m.–5 p.m. (Sun–Fri) |
H,M,U,Z | Physical | |
| /ZT | 2-year T-note | 0’002 | $15.63 | 6 p.m.–5 p.m. (Sun–Fri) |
H,M,U,Z | Physical | |
| /ZB | 30-year T-bond | 0’01 | $31.25 | 6 p.m.–5 p.m. (Sun–Fri) |
Y | H,M,U,Z | Physical |
| /UB | Ultra T-bond | 0’01 | $31.25 | 6 p.m.–5 p.m. (Sun–Fri) |
H,M,U,Z | Physical | |
| /ZQ | 30-day Fed Funds | 0.005 | $20.84 | 6 p.m.–5 p.m. (Sun–Fri) |
ALL | Cash |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Months Traded | Settlement |
|---|---|---|---|---|---|---|
| /GC | Gold | 0.1 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
G,J,M,Q,V,Z | Physical |
| /HG | Copper | 0.05 | $12.50 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,K,N,U,Z | Physical |
| /SI | Silver | 0.005 | $25.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,K,N,U,Z | Physical |
| /PA | Palladium | 0.05 | $5.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Physical |
| /PL | Platinum | 0.1 | $5.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
ALL | Physical |
| /MGC | Micro Gold | 0.1 | $1.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
G,J,M,Q,V,Z | Physical |
| /SIL | Micro Silver | 0.005 | $5.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
F,H,K,N,U,Z | Physical |
| /MHG | Micro Copper | 0.0005 | $1.25 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,K,N,U,Z | Cash |
| /QO | E-mini Gold | 0.1 | $3.32 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
G,J,M,Q,V,Z | Cash |
| /QI | E-mini Silver | 0.001 | $1.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,K,N,U,Z | Cash |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Months Traded | Settlement |
|---|---|---|---|---|---|---|
| /ZC | Corn | 0.25 | $12.50 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
H,K,N,U,Z | Physical |
| /ZS | Soybeans | 0.25 | $12.50 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
F,H,K,N,Q,U,X | Physical |
| /ZW | Wheat | 0.25 | $12.50 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
H,K,N,U,Z | Physical |
| /KE | Kansas City Wheat | 0.25 | $12.50 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
H,K,N,U,Z | Physical |
| /ZL | Soybean Oil | 0.01 | $6.00 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
F,H,K,N,Q,U,V,Z | Physical |
| /ZM | Soybean Meal | 0.1 | $10.00 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
F,H,K,N,Q,U,V,Z | Physical |
| /ZO | Oats | 0.25 | $12.50 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
H,K,N,U,Z | Physical |
| /XC | Mini Corn | 0.125 | $1.25 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
H,K,N,U,Z | Physical |
| /XK | Mini Soybeans | 0.125 | $1.25 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
F,H,K,N,Q,U,X | Physical |
| /XW | Mini Wheat | 0.125 | $1.25 | Sun-Fri 8 p.m.–8:45 a.m. and Mon-Fri, 9:30 a.m.–2:20 p.m. |
H,K,N,U,Z | Physical |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Months Traded | Settlement |
|---|---|---|---|---|---|---|
| /CC-M | Cocoa | 0.1 | $10.00 | 4:45 a.m.–1:30 p.m. | H,K,N,U,Z | Physical |
| /KC-M | Coffee | 0.05 | $18.75 | 4:15 a.m.–1:30 p.m. | H,K,N,U,Z | Physical |
| /CT-M | Cotton | 0.1 | $5.00 | 9 p.m.–2:20 p.m. | H,K,N,U,Z | Physical |
| /OJ-M | Orange Juice | 0.05 | $7.50 | 8 a.m.–2 p.m. | F,H,K,N,U,X | Physical |
| /SB-M | Sugar | 0.01 | $11.20 | 3:30 a.m.–1 p.m. | H,K,N,U,Z | Physical |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Months Traded | Settlement |
|---|---|---|---|---|---|---|
| /LE | Live Cattle | 0.025 | $10.00 | 9:30 a.m.–2:05 p.m. Mon-Fri | G,J,M,Q,V,Z | Physical |
| /GF | Feeder Cattle | 0.025 | $12.50 | 9:30 a.m.–2:05 p.m. Mon-Fri | F,H,J,K,Q,U,V,X | Cash |
| /HE | Lean Hog | 0.025 | $10.00 | 9:30 a.m.–2:05 p.m. Mon-Fri | G,J,M,Q,V,Z | Cash |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Months Traded | Settlement | |
|---|---|---|---|---|---|---|---|
| /6E | Euro | 0.0001 | $12.50 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6J | Japanese Yen | 0.0000005 | $6.25 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6A | Australian Dollar | 0.0001 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6B | British Pound | 0.0001 | $6.25 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6C | Canadian Dollar | 0.0001 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6S | Swiss Franc | 0.0001 | $12.50 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6M | Mexican Peso | 0.0001 | $5.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /6N | New Zealand Dollar | 0.0001 | $10.00 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /DX-M | U.S. Dollar | 0.005 | $5.00 | 8 p.m.–5 p.m. (6 p.m. start on Sunday) |
H,M,U,Z | Physical | |
| /M6E | Micro Euro/USD | 0.0001 | $1.25 | 6 p.m.–5 p.m. (60 min. trading halt 5 p.m.) |
H,M,U,Z | Physical | |
| /M6A | Micro AUD/USD | 0.0001 | $1.00 | 8 p.m.–5 p.m. (6 p.m. start on Sunday) |
H,M,U,Z | Physical |
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Settlement |
|---|---|---|---|---|---|
| /MBT | Micro Bitcoin | 5 | $0.50 | 6:00 p.m. (Sunday) to 5:00 p.m. | Cash |
| /BTC | Bitcoin | 5 | $25.00 | 6:00 p.m. (Sunday) to 5:00 p.m. | Cash |
| /ETH | Ether | 0.25 | $12.50 | 6:00 p.m. (Sunday) to 5:00 p.m. | Cash |
| /MET | Micro Ether | 0.5 | $0.05 | 6:00 p.m. (Sunday) to 5:00 p.m. | Cash |
Sweep functionality and global buying power applies to cryptocurrency products.
CRYPTOCURRENCY FUTURES INVOLVE A HIGH LEVEL OF RISK AND MAY NOT BE APPROPRIATE FOR ALL INVESTORS. BEFORE TRADING A CRYPTOCURRENCY FUTURES PRODUCT, YOU SHOULD CAREFULLY CONSIDER YOUR RISK TOLERANCE AND YOUR WILLINGNESS AND FINANCIAL ABILITY TO SUSTAIN LOSSES. PLEASE VISIT NFA AND CFTC FOR ADDITIONAL INFORMATION REGARDING THE RISKS RELATING TO THESE PRODUCTS.
| Symbol | Product | Tick Size | Tick Value | Trading Hours (ET) | Available in IRA* |
Months Traded | Settlement |
|---|---|---|---|---|---|---|---|
| /MES | Micro E-mini S&P 500 | 0.25 | $1.25 | 6 p.m.–5 p.m. |
Y | H,M,U,Z | Cash |
| /MNQ | Micro E-mini Nasdaq 100 | 0.25 | $0.50 | 6 p.m.–5 p.m. |
Y | H,M,U,Z | Cash |
| /MYM | Micro E-mini Dow | 1 | $0.50 | 6 p.m.–5 p.m. |
N | H,M,U,Z | Cash |
| /M2K | Micro E-mini Russell 2000 | 0.1 | $0.50 | 6 p.m.–5 p.m. |
Y | H,M,U,Z | Cash |
| /10Y | Micro 10 Year Yield | 0.001 | $1.00 | 6 p.m.–5 p.m. |
N | H,M,U,Z | Cash |
| /MCL | Micro WTI Crude Oil | 0.01 | $1.00 | 6 p.m.–5 p.m. |
N | ALL | Cash |
| /MGC | Micro Gold | 0.1 | $1.00 | 6 p.m.–5 p.m. |
N | G,J,M,Q,V,Z | Physical |
| /SIL | Micro Silver | 0.005 | $5.00 | 6 p.m.–5 p.m. |
N | F,H,K,N,U,Z | Physical |
| /MHG | Micro Copper | 0.0005 | $1.25 | 6 p.m.–5 p.m. | N | H,K,N,U,Z | Cash |
| /M6E | Micro Euro/USD | 0.0001 | $1.25 | 6 p.m.–5 p.m. |
N | H,M,U,Z | Physical |
| /M6A | Micro AUD/USD | 0.0001 | $1.00 | 6 p.m.–5 p.m. |
N | H,M,U,Z | Physical |
| /MET | Micro Ether | 0.5 | $0.05 | 6 p.m.–5 p.m. |
N | H,M,U,Z | Cash |
| /MBT | Micro Bitcoin | 5 | $0.50 | 6 p.m.–5 p.m. |
N | H,M,U,Z | Cash |
Month codes
| Code | Month |
| F | January |
| G | February |
| H | March |
| J | April |
| K | May |
| M | June |
| N | July |
| Q | August |
| U | September |
| V | October |
| X | November |
| Z | December |
Frequently asked questions
What are the requirements to open a futures account?
To trade futures, you must have a margin-enabled brokerage account or eligible IRA account. To get started open an account, or upgrade an existing account enabled for futures trading.
How does funding an Automated Money Movement work in my futures account?
If your linked margin brokerage account already has sufficient funds, there is no need to make additional transfers to separately fund futures trading. The minimum margin requirement for futures positions held overnight will be automatically transferred to your E*TRADE futures account, including commission and fees, and any deficiency funds required to satisfy margin calls. Conversely, any excess margin and available cash will be automatically transferred back to your margin brokerage account where SIPC protection is available.
Please note: The above applies only to linked margin brokerage accounts at E*TRADE. For unlinked E*TRADE accounts, there is no automatic transfer of minimum margin requirements or deficiency funding. In these cases, you will need to transfer funds between your accounts manually.
Are there any fees to receive live quotes for futures?
E*TRADE currently absorbs all CME Group and CFE quote fees for non-professional clients. ICE U.S market data fees are passed through to clients.
What are the margin requirements to trade futures?
If a futures position is held overnight, customers must margin their futures account with 100% of exchange minimum margin requirements. Futures account intraday margining for all products except Bitcoin is 50% of initial margin requirements. These requirements can be increased at any time.
Eligible futures IRAs are set to 200% of initial requirements, and minimum equity is $25k at all times.6
Learn more about futures
Our knowledge section has info to get you up to speed and keep you there.