Weekly CFD Expiration Rollover

CFDs on Commodities, Indices, Bonds are based on the underlying Future contracts which have an expiration date. These CFDs are switched from the expiring Future contract to a new one, through Rollover.

6th December – CFD Automatic Rollover



Japan225 will be rolled over from the December 2019 contract to the March 2020 contract on the 6th of December, 2019



6th December – CFD Automatic Rollover



Japan225 will be rolled over from the December 2019 contract to the March 2020 contract on the 6th of December, 2019




How rollover expiration dates work

Any existing pending order(s) (i.e. Stop Loss, Take Profit, Entry Stop or Entry Limit) placed on an instrument will be adjusted to symmetrically (point-for-point) reflect the price differences between the expiring contract and the new contract on rollover date, at 21:00 GMT.


Customers holding positions open at 21:00 GMT on rollover date will be adjusted for the difference in price between the expiring contract and the new contract through a swap charge or credit which will be processed at 21:00 GMT, on their balance. To reflect the new Future contracts, the automatic rollover will include a charge equivalent to the spread of the CFD. This effectively aligns to the cost that you would have incurred if your CFD position would have been closed on the expiration date and you would open a new CFD position based on the new Futures contract.


If the new contract trades at a higher price than the expiring contract, a long position (buy) will be charged negative rollover adjustment and a short position (sell) will be charged positive rollover adjustment.


Let us assume that the expiring contract on Oil trades at $70 and the new contract trades at $75. If you have a BUY position of 10 contracts on Oil, you will register, at rollover time, an artificial profit of $5 (75-70) per each contract opened, as Oil price increases from $70 to $75, in favour of long trades. If the new contract trades at a lower price than the expiring contract, a long position (buy) will be charged positive rollover adjustment and a short position (sell) will be charged negative rollover adjustment.


Let us assume that the expiring contract on Oil trades at $71 and the new contract trades at $68. If you have a SELL position of 10 contracts on Oil, you will register, at rollover time, an artificial profit of $3 (71-68) per each contract opened, as Oil price drops from $71 to $68, in favour of short trades. Therefore, a negative rollover adjustment will be processed in your account: Rollover adjustment = 10 contracts x contracts difference (71 - 68) x (-1) + 10 contracts x Oil Spread x (-1) = -$30 - $0.30 = - $30.30 If you have a BUY position of 10 contracts on Oil, you will register, at rollover time, an artificial loss of $2 per each contract opened, as Oil price drops from $71 to $68 in disadvantage to long trades. Therefore, a positive rollover adjustment will be processed in your account: Rollover adjustment = 10 contracts x contracts difference (71 - 68) + 10 contracts x Oil Spread x (-1) = $30 - $0.30 = + $29.70


You can avoid CFD rollover by closing your open position before the rollover date.

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