Micro Canadian Dollar Futures (M6C) are 1/10th the size of the standard Canadian Dollar Futures, offering traders a more accessible way to gain exposure to the USD/CAD exchange rate. These smaller contracts are ideal for retail traders or those looking for more precise position sizing.
Contract Size: 10,000 Canadian Dollars
Example: This contract size allows traders to gain exposure to currencies with controlled leverage and risk.
These specifications make Micro Canadian Dollar (M6C) Futures suitable for traders seeking exposure to currencies markets.
Micro Canadian Dollar (M6C) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: M6C
To trade Micro Canadian Dollar (M6C) 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 Canadian Dollar (M6C) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For Micro Canadian Dollar (M6C) Futures (M6C):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 10.00 per 0.01 = $100
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $100 = 5 contracts