If you’re trading DAX futures, knowing the tick value is crucial. It tells you exactly how much one minimum price move is worth—so you can manage your profit, loss, and position sizing accurately.
In this post, we break down the DAX futures tick value for both standard FDAX and the Micro DAX contract, and show you how to apply it in real trades.
What Is a Tick in Futures Trading?
A tick is the smallest possible price movement a futures contract can make.
For example, if a futures contract can move in increments of 0.5 index points, then each tick is worth a fixed amount of money depending on the contract size.
Tick Size and Tick Value: DAX Futures
| Contract Type | Symbol | Tick Size | Tick Value |
|---|---|---|---|
| Full DAX Futures | FDAX (Eurex) | 0.5 index points | €12.50 |
| Mini DAX Futures | FDXM (Eurex) | 0.5 index points | €2.50 |
| Micro DAX Futures | FDAX (CME) | 1 index point | €5.00 |
Tick Value Formula
Tick Value = Tick Size × Multiplier
- For FDAX (Eurex):
0.5 × €25 = €12.50 - For FDXM (Mini DAX):
0.5 × €5 = €2.50 - For FDAX (CME Micro):
1 × €5 = €5.00
Knowing this helps you calculate the risk and reward per move in your trade.
Why Tick Value Matters
✅ Risk Management: Know how much you gain or lose per tick
✅ Trade Sizing: Set stop-loss and profit targets precisely
✅ Margin Efficiency: Understand contract exposure relative to your capital
✅ Platform Accuracy: Ensure you’re interpreting chart movements correctly
Example: How Tick Value Impacts a Trade
You’re long 1 contract of FDAX (Eurex) at 16,000
- DAX rises to 16,005 = 10-point move
- Each point = 2 ticks → 20 ticks total
- 20 × €12.50 = €250 profit
If it drops 10 points instead?
€250 loss
Tick Value vs Point Value
Don’t confuse point value (e.g., €25 per point for FDAX) with tick value (e.g., €12.50 for 0.5-point movement). A 10-point move equals 20 ticks.
Tick Value Summary Table
| Contract | Tick Size | Multiplier | Tick Value |
|---|---|---|---|
| FDAX | 0.5 | €25 | €12.50 |
| FDXM | 0.5 | €5 | €2.50 |
| FDAX (CME) | 1 | €5 | €5.00 |
Final Thoughts
The tick value in DAX futures defines how sensitive your position is to price movement. Whether you’re using the full, mini, or micro version, always calculate your tick risk before entering a trade. It’s the foundation of smart futures trading.
FAQs
1. Is tick value the same across all DAX futures?
No. Tick value changes depending on contract size and tick size.
2. Which contract is best for small traders?
The CME Micro DAX offers the most accessible tick value (€5) for risk control.
3. How do I calculate total tick profit/loss?
Multiply ticks × tick value × number of contracts.
4. Do CFDs on DAX have tick values?
Not exactly. CFDs are priced per point and may vary by broker.
5. Is tick value fixed?
Yes. Unless contract specs change, tick value remains fixed.
