ES vs MES: Standard vs Micro S&P 500 Futures

Standard (ES) vs. Micro (MES) Contracts

The Micro E-mini S&P 500 (MES) was designed to be exactly one-tenth the size of the standard E-mini S&P 500 (ES). This allows traders with smaller accounts to participate in the index futures market with lower risk.

Comparison at a Glance

• Multiplier: ES is $50/point; MES is $5/point.
• Tick Value: ES is $12.50; MES is $1.25.
• Capital Required: MES requires significantly less overnight and day-trading margin.

FAQ: ES vs MES

Can I trade both at the same time?

Yes, many traders use MES to "fine tune" a position size that falls between whole ES contracts.

Is the liquidity different?

While ES remains the most liquid, MES has grown to offer excellent liquidity for most retail and professional traders.

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