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Futures Trading

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Futures trading can allow you to diversify your portfolio, gain exposure to new markets, hedge against rising commodity prices, and manage risk. Qualified investors can trade over 70 futures products virtually 24 hours a day, 6 days a week through Charles Schwab Futures and Forex LLC. Get access to powerful platforms, technical studies, immersive education, futures trading support, and paperMoney® to practice your strategy at no extra charge. Whether you're new to futures or a seasoned pro, we offer the tools and resources you need to feel confident trading futures.

Micro Futures Illustration

Trade futures at a fraction of the cost with micro futures

Diversify your portfolio with micro futures, including Micro WTI Crude Oil futures,  Micro Bitcoin futures, E-mini Index futures, and more.
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Five reasons to trade futures through us

  • 1. Comprehensive education

    Explore articles, videos, webcasts, and in-person events on a range of futures topics to make you a more informed trader.

  • 2. Superior service

    Our futures specialists have over 100 years of combined trading experience. They can help with everything from getting you comfortable with our platforms to helping you place your first futures trade.

  • 3. Innovative platforms

    Our cutting-edge online trading platforms offer an integrated futures trading experience that allows you to manage your trades better.

  • 4. No hidden fees

    Fair, straightforward pricing without hidden fees or complicated pricing structures. 

  • 5. Extensive product access

    Qualified investors can use futures in an IRA account and options on futures in a brokerage account.

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thinkorswim futures trading active trader tab

thinkorswim desktop

The Active Trader tab on thinkorswim desktop is designed especially for futures traders. With its easy-to-use bid/ask price ladder, one-click order entry, fully customizable charting and advanced order types that helps you identify trends, exit and entry points, it's the next step to advance your futures trading.
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thinkorswim mobile

The thinkorswim mobile app is the must-have mobile app for futures traders. Place trades, access technical studies and drawings on charts, explore education, and contact support, all from the palm of your hand.
thinkorswim web

thinkorswim web

Trade futures on a platform developed specifically with feedback from traders like you. With a streamlined interface, thinkorswim web allows you to access your account anywhere with an internet connection – no download required.

Futures products


  • Stock Index
  • Metals
  • Energy
  • Agriculture
  • Currency
  • Interest Rates
  • Crypto
  • Softs
  • Micros

Stock index

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
E-mini S&P 500 /ES Yes $50 0.25 = $12.50 cash 6 p.m. to 5 p.m. ET
Micro E-mini S&P 500 /MES Yes $5 0.25 = $1.25 cash 6 p.m. to 5 p.m. ET
E-mini Nasdaq-100 /NQ Yes $20 0.25 = $5.00 cash 6 p.m. to 5 p.m. ET
Micro E-mini Nasdaq-100 /MNQ Yes $2 0.25 = $0.50 cash 6 p.m. to 5 p.m. ET
E-mini Russell 2000 /RTY Yes $50 0.10 = $5.00 cash 6 p.m. to 5 p.m. ET
Micro E-mini Russell 2000 /M2K No $5 0.1 = $0.50 cash 6 p.m. to 5 p.m. ET
E-mini DOW /YM No $5 1 = $5.00 cash 6 p.m. to 5 p.m. ET
Micro E-mini DOW /MYM No $0.50 1.00 = $0.50 cash 6 p.m. to 5 p.m. ET
CBOE Volatility Index (VIX) /VX No $1,000 0.05=$50.00 cash 6 p.m. to 4:15 p.m. and 4:30 p.m. to 5 p.m. ET
Mini CBOE Volatility Index /VXM No $100 0.01 = $1.00 cash 6 p.m. to 4:15 p.m. and 4:30 p.m. to 5 p.m. ET
Nikkei 225 /NKD No $5 5.00 = $25.00 cash 6 p.m. to 5 p.m. ET
E-mini S&P MidCap 400 /EMD No $100 0.10 = $10.00 cash 6 p.m. to 5 p.m. ET
MSCI Emerging Markets Index (ICE)1 /MME No $50 0.10 = $5.00 cash 8 p.m. to 6 p.m. ET2
Product E-mini S&P 500
Symbol /ES
Tradable options3 Yes
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini S&P 500
Symbol /MES
Tradable options3 Yes
Multiplier $5
Minimum tick size 0.25 = $1.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini Nasdaq-100
Symbol /NQ
Tradable options3 Yes
Multiplier $20
Minimum tick size 0.25 = $5.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini Nasdaq-100
Symbol /MNQ
Tradable options3 Yes
Multiplier $2
Minimum tick size 0.25 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini Russell 2000
Symbol /RTY
Tradable options3 Yes
Multiplier $50
Minimum tick size 0.10 = $5.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini Russell 2000
Symbol /M2K
Tradable options3 No
Multiplier $5
Minimum tick size 0.1 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini DOW
Symbol /YM
Tradable options3 No
Multiplier $5
Minimum tick size 1 = $5.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini DOW
Symbol /MYM
Tradable options3 No
Multiplier $0.50
Minimum tick size 1.00 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product CBOE Volatility Index (VIX)
Symbol /VX
Tradable options3 No
Multiplier $1,000
Minimum tick size .05 = $50.00
Settlement cash
Trading hours 6 p.m. to 4:15 p.m. and 4:30 p.m. to 5 p.m. ET
Product Mini CBOE Volatility Index
Symbol /VXM
Tradable options3 No
Multiplier $100
Minimum tick size 0.01 = $1.00
Settlement cash
Trading hours 6 p.m. to 4:15 p.m. and 4:30 p.m. to 5 p.m. ET
Product Nikkei 225
Symbol /NKD
Tradable options3 No
Multiplier $5
Minimum tick size 5.00 = $25.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini S&P MidCap 400
Symbol /EMD
Tradable options3 No
Multiplier $100
Minimum tick size 0.10 = $10.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product MSCI Emerging Markets Index (ICE)1
Symbol /MME
Tradable options3 No
Multiplier $50
Minimum tick size 0.10 = $5.00
Settlement cash
Trading hours 8 p.m. to 6 p.m. ET2

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

1. ICE products subject to monthly ICE Futures US data fee. See Market Data Fees for details.

2. Open on Sunday night at 6 p.m. ET

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Metals

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
Gold /GC Yes $100 0.10 = $10.00 physical 6 p.m. to 5 p.m. ET
Micro Gold /MGC No $10 0.10 = $1.00 physical 6 p.m. to 5 p.m. ET
Mini Gold /QO No $50 0.25 = $12.50 cash 6 p.m. to 5 p.m. ET
Silver /SI Yes $5,000 0.005 = $25.00 physical 6 p.m. to 5 p.m. ET
Micro Silver /SIL No $1,000 0.005 = $5.00 physical 6 p.m. to 5 p.m. ET
Mini Silver /QI No $2,500 0.0125 = $31.25 cash 6 p.m. to 5 p.m. ET
Copper /HG No $25,000 0.0005 = $12.50 physical 6 p.m. to 5 p.m. ET
Micro Copper /MHG No $2,500 0.0005 = $1.25 cash 6 p.m. to 5 p.m. ET
Mini Copper /QC No $12,500 0.002 = $25 cash 6 p.m. to 5 p.m. ET
Platinum /PL No $50 0.10 = $5.00 physical 6 p.m. to 5 p.m. ET
Palladium /PA No $100 0.50 = $50.00 physical 6 p.m. to 5 p.m. ET
Product Gold
Symbol /GC
Tradable options3 Yes
Multiplier $100
Minimum tick size 0.10 = $10.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Silver
Symbol /SI
Tradable options3 Yes
Multiplier $5,000
Minimum tick size 0.005 = $25.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Copper
Symbol /HG
Tradable options3 No
Multiplier $25,000
Minimum tick size 0.0005 = $12.50
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro Copper
Symbol /MHG
Tradable options3 No
Multiplier $2,500
Minimum tick size 0.0005 = $1.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Platinum
Symbol /PL
Tradable options3 No
Multiplier $50
Minimum tick size 0.10 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Palladium
Symbol /PA
Tradable options3 No
Multiplier $100
Minimum tick size 0.50 = $50.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro Silver
Symbol /SIL
Tradable options3 No
Multiplier $1,000
Minimum tick size 0.005 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro Gold
Symbol /MGC
Tradable options3 No
Multiplier $10
Minimum tick size 0.10 = $1.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Mini Gold
Symbol /QO
Tradable options3 No
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Mini Silver
Symbol /QI
Tradable options3 No
Multiplier $2,500
Minimum tick size 0.0125 = $31.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Mini Copper
Symbol /QC
Tradable options3 No
Multiplier $12,500
Minimum tick size 0.002 = $25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Energy

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
Crude Oil /CL Yes $1,000 0.01 = $10.00 physical 6 p.m. to 5 p.m. ET
Micro WTI Crude Oil /MCL Yes $100 0.01 = $1.00 cash 6 p.m. to 5 p.m. ET
E-mini Crude Oil /QM No $500 0.025 = $12.50 cash 6 p.m. to 5 p.m. ET
Brent Crude Oil /BZ No $1,000 0.01 = $10.00 cash 6 p.m. to 5 p.m. ET
Natural Gas /NG Yes $10,000 0.001 = $10.00 physical 6 p.m. to 5 p.m. ET
E-mini Natural Gas /QG No $2,500 0.005 = $12.50 cash 6 p.m. to 5 p.m. ET
RBOB Gasoline /RB No $42,000 0.0001 = $4.20 physical 6 p.m. to 5 p.m. ET
Heating Oil /HO No $42,000 0.0001 = $4.20 physical 6 p.m. to 5 p.m. ET
Product Micro WTI Crude Oil
Symbol /MCL
Tradable options3 Yes
Multiplier $100
Minimum tick size 0.01 = $1.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini Natural Gas
Symbol /QG
Tradable options3 No
Multiplier $2,500
Minimum tick size 0.005 = $12.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product RBOB Gasoline
Symbol /RB
Tradable options3 No
Multiplier $42,000
Minimum tick size 0.0001 = $4.20
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Heating Oil
Symbol /HO
Tradable options3 No
Multiplier $42,000
Minimum tick size 0.0001 = $4.20
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Crude Oil
Symbol /CL
Tradable options3 Yes
Multiplier $1,000
Minimum tick size 0.01 = $10.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Natural Gas
Symbol /NG
Tradable options3 Yes
Multiplier $10,000
Minimum tick size 0.001 = $10.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini Crude Oil
Symbol /QM
Tradable options3 No
Multiplier $500
Minimum tick size 0.025 = $12.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Brent Crude Oil
Symbol /BZ
Tradable options3 No
Multiplier $1,000
Minimum tick size 0.01 = $10.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Agriculture

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
Corn /ZC Yes $50 0.25 = $12.50 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
E-mini Corn /XC No $10 0.125 = $1.25 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Soybeans /ZS Yes $50 0.25 = $12.50 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
E-mini Soybean /XK No $10 0.125 = $1.25 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Wheat /ZW Yes $50 0.25 = $12.50 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
E-mini Wheat /XW No $10 0.125 = $1.25 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
KC Hard Red Winter Wheat /KE No $50 0.25 = $12.50 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Soybean Meal /ZM No $100 0.10 = $10.00 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Soybean Oil /ZL No $600 0.01 = $6.00 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Live Cattle /LE Yes $400 0.025 = $10.00 physical 9:30 a.m. to 2:05 p.m. ET1
Feeder Cattle /GF Yes $500 0.025 = $12.50 cash 9:30 a.m. to 2:05 p.m. ET1
Lean Hogs /HE Yes $400 0.025 = $10.00 cash 9:30 a.m. to 2:05 p.m. ET1
Rough Rice /ZR No $2,000 0.005 = $10.00 physical 8 p.m. to 10 p.m. and 9:30 a.m. to 2:20 p.m. ET
Oats /ZO No $50 0.25 = $12.50 physical 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Milk /DC No $2,000 0.01 = $20.00 cash 6 p.m. to 2:55 p.m. ET
Bloomberg Commodity Index /AW No $100 0.10 = $10.00 cash 9:15 a.m. to 2:30 p.m. ET1
Product Bloomberg Commodity Index
Symbol /AW
Tradable options3 No
Multiplier $100
Minimum tick size 0.10 = $10.00
Settlement cash
Trading hours 9:15 a.m. to 2:30 p.m. ET1
Product Corn
Symbol /ZC
Tradable options3 Yes
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product E-mini Corn
Symbol /XC
Tradable options3 No
Multiplier $10
Minimum tick size 0.125 = $1.25
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product E-mini Wheat
Symbol /XW
Tradable options3 No
Multiplier $10
Minimum tick size 0.125 = $1.25
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product E-mini Soybean
Symbol /XK
Tradable options3 No
Multiplier $10
Minimum tick size 0.125 = $1.25
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product Feeder Cattle
Symbol /GF
Tradable options3 Yes
Multiplier $500
Minimum tick size 0.025 = $12.50
Settlement cash
Trading hours 9:30 a.m. to 2:05 p.m. ET1
Product KC Hard Red Winter Wheat
Symbol /KE
Tradable options3 No
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product Lean Hogs
Symbol /HE
Tradable options3 Yes
Multiplier $400
Minimum tick size 0.025 = $10.00
Settlement cash
Trading hours 9:30 a.m. to 2:05 p.m. ET1
Product Live Cattle
Symbol /LE
Tradable options3 Yes
Multiplier $400
Minimum tick size 0.025 = $10.00
Settlement physical
Trading hours 9:30 a.m. to 2:05 p.m. ET1
Product Milk
Symbol /DC
Tradable options3 No
Multiplier $2,000
Minimum tick size 0.01 = $20.00
Settlement cash
Trading hours 6 p.m. to 2:55 p.m. ET
Product Oats
Symbol /ZO
Tradable options3 No
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product Rough Rice
Symbol /ZR
Tradable options3 No
Multiplier $2,000
Minimum tick size 0.005 = $10.00
Settlement physical
Trading hours 8 p.m. to 10 p.m. and 9:30 a.m. to 2:20 p.m. ET
Product Soybeans
Symbol /ZS
Tradable options3 Yes
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product Soybean Meal
Symbol /ZM
Tradable options3 No
Multiplier $100
Minimum tick size 0.10 = $10.00
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product Soybean Oil
Symbol /ZL
Tradable options3 No
Multiplier $600
Minimum tick size 0.01 = $6.00
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET
Product Wheat
Symbol /ZW
Tradable options3 Yes
Multiplier $50
Minimum tick size 0.25 = $12.50
Settlement physical
Trading hours 8 p.m. to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. ET

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

1. Begins trading Monday morning.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Currency

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
Euro FX /6E Yes $125,000 0.00005 = $6.25 physical 6 p.m. to 5 p.m. ET
Micro EUR/USD /M6E No $12,500 0.0001 = $1.25 physical 6 p.m. to 5 p.m. ET
E-mini Euro FX /E7 No $62,500 0.0001 = $6.25 physical 6 p.m. to 5 p.m. ET
Australian Dollar /6A Yes $100,000 0.00005 = $5.00 physical 6 p.m. to 5 p.m. ET
Micro AUD/USD /M6A No $10,000 0.0001 = $1.00 physical 6 p.m. to 5 p.m. ET
Canadian Dollar /6C Yes $100,000 0.00005 = $5.00 physical 6 p.m. to 5 p.m. ET
Micro CAD/USD /MCD No $10,000 0.0001 = $1.00 physical 6 p.m. to 5 p.m. ET
British Pound /6B Yes $62,500 0.0001 = $6.25 physical 6 p.m. to 5 p.m. ET
Micro GBP/USD /M6B No $6,250 0.0001 = $0.625 physical 6 p.m. to 5 p.m. ET
Japanese Yen /6J No $12,500,000 0.0000005 = $6.25 physical 6 p.m. to 5 p.m. ET
E-mini Japanese Yen /J7 No $6,250,000 0.000001 = $6.25 physical 6 p.m. to 5 p.m. ET
Swiss Franc /6S No $125,000 0.00005 = $6.25 physical 6 p.m. to 5 p.m. ET
Micro CHF/USD /MSF No $12,500 0.0001 = $1.25 physical 6 p.m. to 5 p.m. ET
New Zealand Dollar /6N No $100,000 0.00005 = $5.00 physical 6 p.m. to 5 p.m. ET
Mexican Peso /6M No $500,000 0.00001 = $5.00 physical 6 p.m. to 5 p.m. ET
Brazilian Real /6L No $100,000 0.00005 = $5.00 cash 6 p.m. to 5 p.m. ET
South African Rand /6Z No $500,000 0.000025 = $12.50 physical 6 p.m. to 5 p.m. ET
US Dollar Index (ICE)1 /DX No $1,000 0.005 = $5 physical 8 p.m. to 5 p.m. ET2
Product Australian Dollar
Symbol /6A
Tradable options3 Yes
Multiplier $100,000
Minimum tick size 0.00005 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Brazilian Real
Symbol /6L
Tradable options3 No
Multiplier $100,000
Minimum tick size 0.00005 = $5.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product British Pound
Symbol /6B
Tradable options3 Yes
Multiplier $62,500
Minimum tick size 0.0001 = $6.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Canadian Dollar
Symbol /6C
Tradable options3 Yes
Multiplier $100,000
Minimum tick size 0.00005 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro AUD/USD
Symbol /M6A
Tradable options3 No
Multiplier $10,000
Minimum tick size 0.0001 = $1.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro GBP/USD
Symbol /M6B
Tradable options3 No
Multiplier $6,250
Minimum tick size 0.0001 = $0.625
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro EUR/USD
Symbol /M6E
Tradable options3 No
Multiplier $12,500
Minimum tick size 0.0001 = $1.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini Japanese Yen
Symbol /J7
Tradable options3 No
Multiplier $6,250,000
Minimum tick size 0.000001 = $6.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Euro FX
Symbol /6E
Tradable options3 Yes
Multiplier $125,000
Minimum tick size 0.00005 = $6.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Japanese Yen
Symbol /6J
Tradable options3 No
Multiplier $12,500,000
Minimum tick size 0.0000005 = $6.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Mexican Peso
Symbol /6M
Tradable options3 No
Multiplier $500,000
Minimum tick size 0.00001 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro CAD/USD
Symbol /MCD
Tradable options3 No
Multiplier $10,000
Minimum tick size 0.0001 = $1.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro CHF/USD
Symbol /MSF
Tradable options3 No
Multiplier $12,500
Minimum tick size 0.0001 = $1.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product E-mini Euro FX
Symbol /E7
Tradable options3 No
Multiplier $62,500
Minimum tick size 0.0001 = $6.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product New Zealand Dollar
Symbol /6N
Tradable options3 No
Multiplier $100,000
Minimum tick size 0.00005 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product South African Rand
Symbol /6Z
Tradable options3 No
Multiplier $500,000
Minimum tick size 0.000025 = $12.50
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Swiss Franc
Symbol /6S
Tradable options3 No
Multiplier $125,000
Minimum tick size 0.00005 = $6.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product US Dollar Index (ICE)1
Symbol /DX
Tradable options3 No
Multiplier $1,000
Minimum tick size 0.005 = $5
Settlement physical
Trading hours 8 p.m. to 5 p.m. ET2

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

1. ICE products subject to monthly ICE Futures US data fee. See Market Data Fees for details.

2. Open on Sunday night at 6 p.m. ET

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Interest Rates

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
30 Yr Bond /ZB Yes $1,000 '01 or 1/32 = $31.25 physical 6 p.m. to 5 p.m. ET
10 Yr Note /ZN Yes $1,000 '005 or 1/2 of 1/32 = $15.625 physical 6 p.m. to 5 p.m. ET
5 Yr Note /ZF Yes $1,000 '002 or 1/4 of 1/32 = $7.8125 physical 6 p.m. to 5 p.m. ET
2 Yr Note /ZT Yes $2,000 '001 or 1/8 of 1/32 = $7.8125 physical 6 p.m. to 5 p.m. ET
Ultra Bond /UB No $1,000 '01 or 1/32 = $31.25 physical 6 p.m. to 5 p.m. ET
Ultra 10 Yr Note /TN No $1,000 '005 or 1/2 of 1/32 = $15.625 physical 6 p.m. to 5 p.m. ET
Three-Month SOFR /SR3 Yes $2,500 0.0025 = $6.25 cash 6 p.m. to 5 p.m. ET
One-Month SOFR /SR1 No $4,167 0.0025 = $10.4175 cash 6 p.m. to 5 p.m. ET
Micro 10 Yr Yield /10Y No $1,000 0.001 = $1.00 cash 6 p.m. to 5 p.m. ET
Eurodollar /GE Yes $2,500 0.0025 = $6.25 cash 6 p.m. to 5 p.m. ET
Fed Funds /ZQ No $4,167 0.005 = $20.835 cash 6 p.m. to 5 p.m. ET
Product 2 Yr Note
Symbol /ZT
Tradable options3 Yes
Multiplier $2,000
Minimum tick size '001 or 1/8 of 1/32 = $7.8125
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product 5 Yr Note
Symbol /ZF
Tradable options3 Yes
Multiplier $1,000
Minimum tick size '002 or 1/4 of 1/32 = $7.8125
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product 10 Yr Note
Symbol /ZN
Tradable options3 Yes
Multiplier $1,000
Minimum tick size '005 or 1/2 of 1/32 = $15.625
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product 30 Yr Bond
Symbol /ZB
Tradable options3 Yes
Multiplier $1,000
Minimum tick size '01 or 1/32 = $31.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Eurodollar
Symbol /GE
Tradable options3 Yes
Multiplier $2,500
Minimum tick size 0.0025 = $6.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Fed Funds
Symbol /ZQ
Tradable options3 No
Multiplier $4,167
Minimum tick size 0.005 = $20.835
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Ultra Bond
Symbol /UB
Tradable options3 No
Multiplier $1,000
Minimum tick size '01 or 1/32 = $31.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Ultra 10 Yr Note
Symbol /TN
Tradable options3 No
Multiplier $1,000
Minimum tick size '005 or 1/2 of 1/32=$15.625
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Three-Month SOFR
Symbol /SR3
Tradable options3 Yes
Multiplier $2,500
Minimum tick size 0.0025 = $6.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product One-Month SOFR
Symbol /SR1
Tradable options3 No
Multiplier $4,167
Minimum tick size 0.0025 = $10.4175
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro 10 Yr Yield
Symbol /10Y
Tradable options3 No
Multiplier $1,000
Minimum tick size 0.001=$1,000
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Crypto

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
CME Bitcoin1 /BTC No $5 5.00 = $25.00 cash 6 p.m. to 5 p.m. ET
CME Micro Bitcoin1 /MBT No $0.10 5.00 = $0.50 cash 6 p.m. to 5 p.m. ET
CME Ether /ETH No $50 0.50 = $25.00 cash 6 p.m. to 5 p.m. ET
CME Micro Ether /MET No $0.10 0.50 = $0.05 cash 6 p.m. to 5 p.m. ET
Product CME Bitcoin 1
Symbol /BTC
Tradable options3 No
Multiplier $5
Minimum tick size 5.00 = $25.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product CME Micro Bitcoin1
Symbol /MBT
Tradable options3 No
Multiplier $0.10
Minimum tick size 5.00 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product CME Ether
Symbol /ETH
Tradable options3 No
Multiplier $50
Minimum tick size 0.50 = $25.00
cash cash
Trading hours 6 p.m. to 5 p.m. ET
Product CME Micro Ether
Symbol /MET
Tradable options3 No
Multiplier $0.10
Minimum tick size 0.50 = $0.05
cash cash
Trading hours 6 p.m. to 5 p.m. ET

1. To learn more, visit our Bitcoin Futures FAQ page.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Softs

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
Cocoa (ICE)1 /CC No $10 1 = $10.00 physical 4:45 a.m. to 1:30 p.m. ET4
Coffee (ICE)1 /KC No $375 0.05 = $18.75 physical 4:15 a.m. to 1:30 p.m. ET4
Cotton (ICE)1 /CT No $500 0.01 = $5.00 physical 9 p.m. to 2:20 p.m. ET
Orange Juice (ICE)1 /OJ No $150 0.05 = $7.50 physical 8 a.m. to 2 p.m. ET4
Sugar (ICE)1 /SB No $1,120 0.01 = $11.20 physical 3:30 a.m. to 1 p.m. ET4
Product Cocoa (ICE)1
Symbol /CC
Tradable options3 No
Multiplier $10
Minimum tick size 1 = $10.00
Settlement physical
Trading hours 4:45 a.m. to 1:30 p.m. ET4
Product Coffee (ICE)1
Symbol /KC
Tradable options3 No
Multiplier $375
Minimum tick size 0.05 = $18.75
Settlement physical
Trading hours 4:15 a.m. to 1:30 p.m. ET4
Product Cotton (ICE)1
Symbol /CT
Tradable options3 No
Multiplier $500
Minimum tick size 0.01 = $5.00
Settlement physical
Trading hours 9 p.m. to 2:20 p.m. ET
Product Orange Juice (ICE)1
Symbol /OJ
Tradable options3 No
Multiplier $150
Minimum tick size 0.05 = $7.50
Settlement physical
Trading hours 8 a.m. to 2 p.m. ET4
Product Sugar (ICE)1
Symbol /SB
Tradable options3 No
Multiplier $1,120
Minimum tick size 0.01 = $11.20
Settlement physical
Trading hours 3:30 a.m. to 1 p.m. ET4

Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon.

1. ICE products subject to monthly ICE Futures US data fee. See Market Data Fees for details.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

4. Begins trading Monday morning.

Micros

Product Symbol Tradable options3 Multiplier Minimum tick size Settlement Trading hours
Micro E-mini S&P 500 /MES Yes $5 0.25 = $1.25 cash 6 p.m. to 5 p.m. ET
Micro E-mini Nasdaq-100 /MNQ Yes $2 0.25 = $0.50 cash 6 p.m. to 5 p.m. ET
Micro E-mini Russell 2000 /M2K No $5 0.1 = $0.50 cash 6 p.m. to 5 p.m. ET
Micro E-mini DOW /MYM No $0.50 1.00 = $0.50 cash 6 p.m. to 5 p.m. ET
Micro WTI Crude Oil /MCL Yes $100 0.01 = $1.00 cash 6 p.m. to 5 p.m. ET
CME Micro Bitcoin1 /MBT No $0.10 5.00 = $0.50 cash 6 p.m. to 5 p.m. ET
CME Micro Ether /MET No $0.10 0.50 = $0.05 cash 6 p.m. to 5 p.m. ET
Micro Gold /MGC No $10 0.10 = $1.00 physical 6 p.m. to 5 p.m. ET
Micro Silver /SIL No $1,000 0.005 = $5.00 physical 6 p.m. to 5 p.m. ET
Micro Copper /MHG No $2,500 0.0005 = $1.25 cash 6 p.m. to 5 p.m. ET
Micro EUR/USD /M6E No $12,500 0.0001 = $1.25 physical 6 p.m. to 5 p.m. ET
Micro AUD/USD /M6A No $10,000 0.0001 = $1.00 physical 6 p.m. to 5 p.m. ET
Micro CAD/USD /MCD No $10,000 0.0001 = $1.00 physical 6 p.m. to 5 p.m. ET
Micro GBP/USD /M6B No $6,250 0.0001 = $0.625 physical 6 p.m. to 5 p.m. ET
Micro CHF/USD /MSF No $12,500 0.0001 = $1.25 physical 6 p.m. to 5 p.m. ET
Micro 10 Yr Yield /10Y No $1,000 0.001 = $1.00 cash 6 p.m. to 5 p.m. ET
Product Micro WTI Crude Oil
Symbol /MCL
Tradable options3 Yes
Multiplier $100
Minimum tick size 0.01 = $1.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product CME Micro Bitcoin 1
Symbol /MBT
Tradable options3 No
Multiplier $0.10
Minimum tick size 5.00 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product CME Micro Ether
Symbol /MET
Tradable options3 No
Multiplier $0.10
Minimum tick size 5.00 = $0.05
cash cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini S&P 500
Symbol /MES
Tradable options3 Yes
Multiplier $5
Minimum tick size 0.25 = $1.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini Nasdaq-100
Symbol /MNQ
Tradable options3 Yes
Multiplier $2
Minimum tick size 0.25 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini Russell 2000
Symbol /M2K
Tradable options3 No
Multiplier $5
Minimum tick size 0.10 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro E-mini DOW
Symbol /MYM
Tradable options3 No
Multiplier $0.50
Minimum tick size 1.00 = $0.50
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro Gold
Symbol /MGC
Tradable options3 No
Multiplier $10
Minimum tick size 0.10 = $1.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro Silver
Symbol /SIL
Tradable options3 No
Multiplier $1,000
Minimum tick size 0.005 = $5.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro Copper
Symbol /MHG
Tradable options3 No
Multiplier $2,500
Minimum tick size 0.0005 = $1.25
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET
Product Micro AUD/USD
Symbol /M6A
Tradable options3 No
Multiplier $10,000
Minimum tick size 0.0001 = $1.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro GBP/USD
Symbol /M6B
Tradable options3 No
Multiplier $6,250
Minimum tick size 0.0001 = $0.625
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro EUR/USD
Symbol /M6E
Tradable options3 No
Multiplier $12,500
Minimum tick size 0.0001 = $1.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro CAD/USD
Symbol /MCD
Tradable options3 No
Multiplier $10,000
Minimum tick size 0.0001 = $1.00
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro CHF/USD
Symbol /MSF
Tradable options3 No
Multiplier $12,500
Minimum tick size 0.0001 = $1.25
Settlement physical
Trading hours 6 p.m. to 5 p.m. ET
Product Micro 10 Yr Yield
Symbol /10Y
Tradable options3 No
Multiplier $1,000
Minimum tick size 0.0001 = $1.00
Settlement cash
Trading hours 6 p.m. to 5 p.m. ET

1. To learn more, visit our Bitcoin Futures FAQ page.

3. Charles Schwab Futures and Forex LLC may restrict trading in expiring futures options to closing transactions near the end of the trading day.

Your futures trading questions answered

Your futures trading questions answered

Futures trading doesn't have to be complicated. Our futures specialists are available day or night to answer your toughest questions at 866-839-1100.
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Stay current with the latest futures news on the TD Ameritrade Network

The TD Ameritrade Network hosts several live daily TV programs from our media affiliate to provide you with real-time education, market trends, and key insights. The Futures Show examines the latest developments in the futures markets using technical and fundamental analysis to break down commodities trading as it relates to market events and identify trends.

The TD Ameritrade Network is produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, broker-dealer, or futures commission merchant.

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Whether you have an existing TD Ameritrade account or would like to open a new account, certain qualifications and permissions are required for trading futures with Charles Schwab Futures and Forex LLC.  Before you can apply for futures trading, your account must be enabled for margin and Advanced Features. After your account is open, follow these instructions to get started. If you’d like more information about requirements or to ensure you have the required settings or permissions on your account, contact us at 866-839-1100.

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View Charles Schwab Futures and Forex LLC public disclosures required under CFTC rule 1.55.

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