Futures

Trade around the clock, on margin.

Go long or short on indices, energy, metals, and rates, nearly 24 hours a day, with transparent per-contract fees and built-in margin.

$1.50 per contract, per side · 23-hour market access · micro contracts available

FRONT MONTH
ES E-mini S&P 500 +0.62%
CL Crude Oil -1.14%
GC Gold +0.38%
ZB 30-Year Treasury Bond -0.09%
Fundamentals

Going long and going short

A futures contract obligates you to buy or sell an asset at a set price on a future date.

LONG

Betting on a rise

Going long means agreeing to buy the underlying at the contract price. You profit if the price rises above your entry before you close or the contract expires.

  • Profit grows as the price rises
  • Losses grow as the price falls
  • Requires posting margin, not the full contract value
SHORT

Betting on a fall

Going short means agreeing to sell the underlying at the contract price. You profit if the price falls below your entry before you close or the contract expires.

  • Profit grows as the price falls
  • Losses grow as the price rises
  • Used to speculate or hedge existing positions
Contract specs

Know the contract before you trade it

Tick size, tick value, and margin requirements for the most active contracts.

SymbolContractTick sizeTick valueInitial margin
ES E-mini S&P 500 0.25 $12.50 $12,650
MES Micro E-mini S&P 500 0.25 $1.25 $1,265
NQ E-mini Nasdaq-100 0.25 $5.00 $18,920
YM E-mini Dow 1.00 $5.00 $8,800
RTY E-mini Russell 2000 0.10 $5.00 $6,050
Markets

Trade the assets that move the world

Four major futures categories, all on one platform.

INDICES

Equity indices

S&P 500, Nasdaq-100, Dow, and Russell 2000 futures, including micro-sized contracts.

ENERGY

Energy

Crude oil, natural gas, and RBOB gasoline contracts tracking global energy markets.

METALS

Metals

Gold, silver, copper, and platinum futures, including micro contracts for smaller accounts.

RATES

Interest rates

Treasury bond and note futures across the yield curve, from 2-year to 30-year.

400+
Tradable contracts
$1.50
Per contract, per side
23hrs
Daily market access
Micro
Contracts available
FAQ

Before you place your first futures trade

What is margin in futures trading?
Margin is a good-faith deposit required to open a futures position, a fraction of the contract's total value. It's not a loan, but it means both gains and losses are magnified relative to the amount posted.
What are micro futures?
Micro contracts track the same underlying as their full-sized counterparts but at a fraction of the size, typically one-tenth, making them more accessible for smaller accounts.
Do futures contracts expire?
Yes. Each contract has a specific expiration date, after which it settles in cash or physical delivery depending on the contract. Most traders close or roll their position before expiration.
Can I trade futures overnight?
Yes. Most futures markets are open nearly 23 hours a day on business days, allowing you to react to news and global events outside regular stock market hours.
Futures trading involves substantial risk of loss and is not suitable for all investors. Leverage can magnify both gains and losses. Before trading, review the Futures and Exchange-Traded Options Risk Disclosure Statement.

Ready to trade around the clock?

Apply for futures trading, get funded, and place your first contract today.