Micro British Pound Futures (M6B) are 1/10th the size of the standard British Pound Futures, offering traders a more accessible way to gain exposure to the GBP/USD exchange rate. These smaller contracts are ideal for retail traders or those looking for more precise position sizing.
Contract Size: 6,250 British Pounds
Example: This contract size allows traders to gain exposure to currencies with controlled leverage and risk.
These specifications make Micro British Pound (M6B) Futures suitable for traders seeking exposure to currencies markets.
Micro British Pound (M6B) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: M6B
To trade Micro British Pound (M6B) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.
Proper position sizing is crucial when trading Micro British Pound (M6B) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For Micro British Pound (M6B) Futures (M6B):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 6.25 per 0.01 = $62.5
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $62.5 = 8 contracts