Trade Nikkei 225 Futures
Access Japan’s benchmark index through USD-denominated Nikkei 225 (NKD) and Micro Nikkei (MNK) futures
Trade Nikkei 225 Futures
Access Japan’s benchmark index through USD-denominated Nikkei 225 (NKD) and Micro Nikkei (MNK) futures
Trade Nikkei 225 Futures
Access Japan’s benchmark index through USD-denominated Nikkei 225 (NKD) and Micro Nikkei (MNK) futures
Regulated by
Monetary Authority of Singapore
PARTNER WITH
Powered by
Regulated by
Monetary Authority of Singapore
Partner with
Powered by
Contract Sizing
Micro Nikkei (MNK) vs Nikkei 225 Futures (NKD)
Both contracts track the Nikkei 225 (NK225) and settle in US dollars
Contract Sizing
Micro Nikkei (MNK) vs Nikkei 225 Futures (NKD)
Both contracts track the Nikkei 225 (NK225) and settle in US dollars
Contract Sizing
Micro Nikkei (MNK) vs Nikkei 225 Futures (NKD)
Both contracts track the Nikkei 225 (NK225) and settle in US dollars
CME
Micro Nikkei Futures (MNK)
Finer position sizing at 1/10th the contract size
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
USD 0.50 x index
5
$2.50
$1,396.74
$2,793.47
CME
Micro Nikkei Futures (MNK)
Finer position sizing at 1/10th the contract size
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
USD 0.50 x index
5
$2.50
$1,396.74
$2,793.47
CME
Micro Nikkei Futures (MNK)
Finer position sizing at 1/10th the contract size
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
USD 0.50 x index
5
$2.50
$1,396.74
$2,793.47
CME
Nikkei 225 Futures (NKD)
Standard contract for full-size Nikkei exposure
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
USD 5 x index
5
$25.00
$12,597.50
$25,195.00
CME
Nikkei 225 Futures (NKD)
Standard contract for full-size Nikkei exposure
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
USD 5 x index
5
$25.00
$12,597.50
$25,195.00
CME
Nikkei 225 Futures (NKD)
Standard contract for full-size Nikkei exposure
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
USD 5 x index
5
$25.00
$12,597.50
$25,195.00
Asset Comparison
Nikkei Futures VS CFDs and ETFs
Asset Comparison
Nikkei Futures VS CFDs and ETFs
Asset Comparison
Nikkei Futures VS CFDs and ETFs
Swipe to compare →
| Comparison | Nikkei 225 Futures | Japan 225 CFDs | Nikkei 225 ETFs |
|---|---|---|---|
| Price set by | The market, on a central exchange | The broker, based on the underlying market | The market, on the listing exchange |
| Order Execution | Sent to the exchange and matched with other traders | Executed directly with the broker | Sent to the exchange and matched with other investors |
| Trading Costs | Itemized commission and exchange fees | Mostly built into the spread | Brokerage commission |
| Holding Costs | No daily financing charge, as financing costs are built into the futures price | Overnight financing typically applies | Annual fund management fee |
| Trading during Asian hours | Tradable on the exchange, nearly 24 hours a day | Tradable at the broker’s quote | Tokyo Stock Exchange hours only |
| Volume and Market Depth | Live volume and depth published by the exchange | Broker quotes, without a central order book | Exchange data for the fund |
| Contract Sizes | Nikkei 225 Futures (NKD) and Micro Nikkei Futures (MNK) at one-tenth the size | Position size set by the broker | Individual fund units |
| Expiry | Quarterly, with positions rolled to hold beyond expiry | Typically undated | No expiry |
| Maximum Loss | Can exceed initial margin | Can exceed initial margin, depending on your broker | Limited to the amount invested, unless bought on margin |
General product features shown. Terms vary by broker and contract. Futures and CFDs are leveraged products, and losses can exceed your initial margin.
Swipe to compare →
| Comparison | Nikkei 225 Futures | Japan 225 CFDs | Nikkei 225 ETFs |
|---|---|---|---|
| Price set by | The market, on a central exchange | The broker, based on the underlying market | The market, on the listing exchange |
| Order Execution | Sent to the exchange and matched with other traders | Executed directly with the broker | Sent to the exchange and matched with other investors |
| Trading Costs | Itemized commission and exchange fees | Mostly built into the spread | Brokerage commission |
| Holding Costs | No daily financing charge, as financing costs are built into the futures price | Overnight financing typically applies | Annual fund management fee |
| Trading during Asian hours | Tradable on the exchange, nearly 24 hours a day | Tradable at the broker’s quote | Tokyo Stock Exchange hours only |
| Volume and Market Depth | Live volume and depth published by the exchange | Broker quotes, without a central order book | Exchange data for the fund |
| Contract Sizes | Nikkei 225 Futures (NKD) and Micro Nikkei Futures (MNK) at one-tenth the size | Position size set by the broker | Individual fund units |
| Expiry | Quarterly, with positions rolled to hold beyond expiry | Typically undated | No expiry |
| Maximum Loss | Can exceed initial margin | Can exceed initial margin, depending on your broker | Limited to the amount invested, unless bought on margin |
General product features shown. Terms vary by broker and contract. Futures and CFDs are leveraged products, and losses can exceed your initial margin.
Swipe to compare →
| Comparison | Nikkei 225 Futures | Japan 225 CFDs | Nikkei 225 ETFs |
|---|---|---|---|
| Price set by | The market, on a central exchange | The broker, based on the underlying market | The market, on the listing exchange |
| Order Execution | Sent to the exchange and matched with other traders | Executed directly with the broker | Sent to the exchange and matched with other investors |
| Trading Costs | Itemized commission and exchange fees | Mostly built into the spread | Brokerage commission |
| Holding Costs | No daily financing charge, as financing costs are built into the futures price | Overnight financing typically applies | Annual fund management fee |
| Trading during Asian hours | Tradable on the exchange, nearly 24 hours a day | Tradable at the broker’s quote | Tokyo Stock Exchange hours only |
| Volume and Market Depth | Live volume and depth published by the exchange | Broker quotes, without a central order book | Exchange data for the fund |
| Contract Sizes | Nikkei 225 Futures (NKD) and Micro Nikkei Futures (MNK) at one-tenth the size | Position size set by the broker | Individual fund units |
| Expiry | Quarterly, with positions rolled to hold beyond expiry | Typically undated | No expiry |
| Maximum Loss | Can exceed initial margin | Can exceed initial margin, depending on your broker | Limited to the amount invested, unless bought on margin |
General product features shown. Terms vary by broker and contract. Futures and CFDs are leveraged products, and losses can exceed your initial margin.
Key Features
Why Traders Choose Nikkei 225 Futures
Key Features
Why Traders Choose Nikkei 225 Futures
Key Features
Why Traders Choose Nikkei 225 Futures
Exposure to Japan’s Blue Chips
Track 225 of Japan’s largest listed companies in a single Nikkei 225 futures contract to capture broad market moves without single-stock risk
Priced and Settled in US Dollars
Trade Japan’s benchmark index in US dollars. NKD and MNK settle in USD, so your P&L lands in your account currency without converting yen
Precise Risk Control
Scale your risk with total flexibility. Trade full-size NKD for larger positions, or MNK at one-tenth the size for finer position sizing
Nearly 24-Hour Access
React to Bank of Japan rate decisions, US jobs data and sharp yen moves, even when they land outside Tokyo market hours
Exposure to Japan’s Blue Chips
Track 225 of Japan’s largest listed companies in a single Nikkei 225 futures contract to capture broad market moves without single-stock risk
Priced and Settled in US Dollars
Trade Japan’s benchmark index in US dollars. NKD and MNK settle in USD, so your P&L lands in your account currency without converting yen
Precise Risk Control
Scale your risk with total flexibility. Trade full-size NKD for larger positions, or MNK at one-tenth the size for finer position sizing
Nearly 24-Hour Access
React to Bank of Japan rate decisions, US jobs data and sharp yen moves, even when they land outside Tokyo market hours
Exposure to Japan’s Blue Chips
Track 225 of Japan’s largest listed companies in a single Nikkei 225 futures contract to capture broad market moves without single-stock risk
Priced and Settled in US Dollars
Trade Japan’s benchmark index in US dollars. NKD and MNK settle in USD, so your P&L lands in your account currency without converting yen
Precise Risk Control
Scale your risk with total flexibility. Trade full-size NKD for larger positions, or MNK at one-tenth the size for finer position sizing
Nearly 24-Hour Access
React to Bank of Japan rate decisions, US jobs data and sharp yen moves, even when they land outside Tokyo market hours
Before You Trade
Nikkei 225 Index Futures FAQs
Before You Trade
Nikkei 225 Index Futures FAQs
Before You Trade
Nikkei 225 Index Futures FAQs
1. What are Nikkei 225 Futures?
Nikkei 225 futures are exchange-listed contracts that let you trade the value of the Nikkei 225 index without owning the underlying Japanese stocks. On KGI Crusoe, the main contract is the Nikkei 225 (USD), ticker NKD, traded on the CME. It settles in cash against the index level and trades nearly 24 hours across CME Globex
2. What is the difference between NKD and MNK Futures?
The Micro Nikkei (USD), ticker MNK, is a smaller version of the NKD contract, sized at 1/10th the notional value. It tracks the same index, settles in cash and trades the same hours as NKD, giving the same market exposure at a lower margin requirement per contract
3. Is Japan 225 the same as the Nikkei 225?
Yes, they refer to the same index. “Japan 225” is the label many CFD providers and price websites use. NKD and MNK are exchange-traded futures on the Nikkei 225, not CFDs, so their contract terms are standardized and published by the exchange
4. What are the margin requirements to trade Nikkei 225 Futures?
Margin on NKD and MNK is set by the exchange and changes with market volatility, so it is not fixed. Brokers can require additional margin above the exchange minimum. KGI Crusoe has no account minimum; capital required depends on the contract and quantity traded. Current figures are listed in the contract specifications
5. What are the risks of trading Nikkei 225 Futures?
Nikkei 225 futures are leveraged, so a small move in the index can produce a large move against your margin. Losses can exceed the amount deposited, and an adverse move can trigger a margin call or forced liquidation. Prices can also gap at the weekly reopen and move sharply around Bank of Japan decisions and large yen swings
1. What are Nikkei 225 Futures?
Nikkei 225 futures are exchange-listed contracts that let you trade the value of the Nikkei 225 index without owning the underlying Japanese stocks. On KGI Crusoe, the main contract is the Nikkei 225 (USD), ticker NKD, traded on the CME. It settles in cash against the index level and trades nearly 24 hours across CME Globex
2. What is the difference between NKD and MNK Futures?
The Micro Nikkei (USD), ticker MNK, is a smaller version of the NKD contract, sized at 1/10th the notional value. It tracks the same index, settles in cash and trades the same hours as NKD, giving the same market exposure at a lower margin requirement per contract
3. Is Japan 225 the same as the Nikkei 225?
Yes, they refer to the same index. “Japan 225” is the label many CFD providers and price websites use. NKD and MNK are exchange-traded futures on the Nikkei 225, not CFDs, so their contract terms are standardized and published by the exchange
4. What are the margin requirements to trade Nikkei 225 Futures?
Margin on NKD and MNK is set by the exchange and changes with market volatility, so it is not fixed. Brokers can require additional margin above the exchange minimum. KGI Crusoe has no account minimum; capital required depends on the contract and quantity traded. Current figures are listed in the contract specifications
5. What are the risks of trading Nikkei 225 Futures?
Nikkei 225 futures are leveraged, so a small move in the index can produce a large move against your margin. Losses can exceed the amount deposited, and an adverse move can trigger a margin call or forced liquidation. Prices can also gap at the weekly reopen and move sharply around Bank of Japan decisions and large yen swings
1. What are Nikkei 225 Futures?
Nikkei 225 futures are exchange-listed contracts that let you trade the value of the Nikkei 225 index without owning the underlying Japanese stocks. On KGI Crusoe, the main contract is the Nikkei 225 (USD), ticker NKD, traded on the CME. It settles in cash against the index level and trades nearly 24 hours across CME Globex
2. What is the difference between NKD and MNK Futures?
The Micro Nikkei (USD), ticker MNK, is a smaller version of the NKD contract, sized at 1/10th the notional value. It tracks the same index, settles in cash and trades the same hours as NKD, giving the same market exposure at a lower margin requirement per contract
3. Is Japan 225 the same as the Nikkei 225?
Yes, they refer to the same index. “Japan 225” is the label many CFD providers and price websites use. NKD and MNK are exchange-traded futures on the Nikkei 225, not CFDs, so their contract terms are standardized and published by the exchange
4. What are the margin requirements to trade Nikkei 225 Futures?
Margin on NKD and MNK is set by the exchange and changes with market volatility, so it is not fixed. Brokers can require additional margin above the exchange minimum. KGI Crusoe has no account minimum; capital required depends on the contract and quantity traded. Current figures are listed in the contract specifications
5. What are the risks of trading Nikkei 225 Futures?
Nikkei 225 futures are leveraged, so a small move in the index can produce a large move against your margin. Losses can exceed the amount deposited, and an adverse move can trigger a margin call or forced liquidation. Prices can also gap at the weekly reopen and move sharply around Bank of Japan decisions and large yen swings
Get Started
Start Trading Nikkei 225 Futures in 3 Steps
Execute trades with confidence and precision
Get Started
Start Trading Nikkei 225 Futures in 3 Steps
Execute trades with confidence and precision
Get Started
Start Trading Nikkei 225 Futures in 3 Steps
Execute trades with confidence and precision
1
Choose NKD or MNK
Search NKD for the standard contract or MNK for the Micro to view live spreads, tick values, and intraday margin rates
2
Set Your Position
Select your contract size, choose long or short, and pick your order type to match your strategy
3
Execute & Manage
Attach your take-profit and stop-loss levels, submit your order, and track real-time P&L as the index moves
1
Choose NKD or MNK
Search NKD for the standard contract or MNK for the Micro to view live spreads, tick values, and intraday margin rates
2
Set Your Position
Select your contract size, choose long or short, and pick your order type to match your strategy
3
Execute & Manage
Attach your take-profit and stop-loss levels, submit your order, and track real-time P&L as the index moves
1
Choose NKD or MNK
Search NKD for the standard contract or MNK for the Micro to view live spreads, tick values, and intraday margin rates
2
Set Your Position
Select your contract size, choose long or short, and pick your order type to match your strategy
3
Execute & Manage
Attach your take-profit and stop-loss levels, submit your order, and track real-time P&L as the index moves
Legal and Regulatory
KGI Crusoe is a futures trading platform operated by KGI Securities (Singapore) Pte. Ltd. (Co. Reg. No. 195500144H), a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Registered office: 4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807.
NinjaTrader is a group of affiliated companies operating under NinjaTrader Group, LLC ("NTG"), including NinjaTrader, LLC ("NT") and NinjaTrader Clearing, LLC d/b/a NinjaTrader, Kraken Derivatives US, and Tradovate ("NTC"). NT owns and supports the proprietary NinjaTrader trading platform as a software development company, while NTC provides brokerage services. View Disclosures.
NTC is registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379). Registered office: 222 North Lasalle Street Suite 400 Chicago, IL 60601 United States. Questions related to brokerage accounts should be directed to your broker.
Futures trading involves substantial risk and is not suitable for everyone. An investor may lose all or more than the initial investment. Trading should be undertaken only with risk capital funds that can be lost without jeopardizing one’s financial security or lifestyle, and only by those who can afford such losses. Past performance is not necessarily indicative of future results. Prior to trading digital assets, review the CFTC and NFA advisories for additional information regarding the significant risks involved. View Risk Disclosure Statement, including the Risk Disclosure Statement for Security Futures Products.
The website is for informational purposes only and does not constitute investment advice or an offer, solicitation, or recommendation to buy or sell any securities or financial instruments. It does not take into account your personal investment objectives, financial situation, or holdings. KGI Crusoe (KGI Securities (Singapore) Pte. Ltd.) makes no representation and assumes no liability for the accuracy or completeness of this information, or for any loss arising from its use.
This website is not intended for distribution to, or use by, any person in any jurisdiction where that would breach local law or regulation, including the European Economic Area, the United Kingdom and the United States.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
© 2026 KGI Securities (Singapore) Pte. Ltd. All rights reserved.
KGI Crusoe
Legal and Regulatory
KGI Crusoe is a futures trading platform operated by KGI Securities (Singapore) Pte. Ltd. (Co. Reg. No. 195500144H), a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Registered office: 4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807.
NinjaTrader is a group of affiliated companies operating under NinjaTrader Group, LLC ("NTG"), including NinjaTrader, LLC ("NT") and NinjaTrader Clearing, LLC d/b/a NinjaTrader, Kraken Derivatives US, and Tradovate ("NTC"). NT owns and supports the proprietary NinjaTrader trading platform as a software development company, while NTC provides brokerage services. View Disclosures.
NTC is registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379). Registered office: 222 North Lasalle Street Suite 400 Chicago, IL 60601 United States. Questions related to brokerage accounts should be directed to your broker.
Futures trading involves substantial risk and is not suitable for everyone. An investor may lose all or more than the initial investment. Trading should be undertaken only with risk capital funds that can be lost without jeopardizing one’s financial security or lifestyle, and only by those who can afford such losses. Past performance is not necessarily indicative of future results. Prior to trading digital assets, review the CFTC and NFA advisories for additional information regarding the significant risks involved. View Risk Disclosure Statement, including the Risk Disclosure Statement for Security Futures Products.
The website is for informational purposes only and does not constitute investment advice or an offer, solicitation, or recommendation to buy or sell any securities or financial instruments. It does not take into account your personal investment objectives, financial situation, or holdings. KGI Crusoe (KGI Securities (Singapore) Pte. Ltd.) makes no representation and assumes no liability for the accuracy or completeness of this information, or for any loss arising from its use.
This website is not intended for distribution to, or use by, any person in any jurisdiction where that would breach local law or regulation, including the European Economic Area, the United Kingdom and the United States.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
© 2026 KGI Securities (Singapore) Pte. Ltd. All rights reserved.
KGI Crusoe
Legal and Regulatory
KGI Crusoe is a futures trading platform operated by KGI Securities (Singapore) Pte. Ltd. (Co. Reg. No. 195500144H), a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Registered office: 4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807.
NinjaTrader is a group of affiliated companies operating under NinjaTrader Group, LLC ("NTG"), including NinjaTrader, LLC ("NT") and NinjaTrader Clearing, LLC d/b/a NinjaTrader, Kraken Derivatives US, and Tradovate ("NTC"). NT owns and supports the proprietary NinjaTrader trading platform as a software development company, while NTC provides brokerage services. View Disclosures.
NTC is registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379). Registered office: 222 North Lasalle Street Suite 400 Chicago, IL 60601 United States. Questions related to brokerage accounts should be directed to your broker.
Futures trading involves substantial risk and is not suitable for everyone. An investor may lose all or more than the initial investment. Trading should be undertaken only with risk capital funds that can be lost without jeopardizing one’s financial security or lifestyle, and only by those who can afford such losses. Past performance is not necessarily indicative of future results. Prior to trading digital assets, review the CFTC and NFA advisories for additional information regarding the significant risks involved. View Risk Disclosure Statement, including the Risk Disclosure Statement for Security Futures Products.
The website is for informational purposes only and does not constitute investment advice or an offer, solicitation, or recommendation to buy or sell any securities or financial instruments. It does not take into account your personal investment objectives, financial situation, or holdings. KGI Crusoe (KGI Securities (Singapore) Pte. Ltd.) makes no representation and assumes no liability for the accuracy or completeness of this information, or for any loss arising from its use.
This website is not intended for distribution to, or use by, any person in any jurisdiction where that would breach local law or regulation, including the European Economic Area, the United Kingdom and the United States.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
© 2026 KGI Securities (Singapore) Pte. Ltd. All rights reserved.
KGI Crusoe