Weekly CFD Expiration Rollover

CFD trades have an expiration rollover date when positions are closed and profits and losses are settled at the end of the trading day. Through rollover, once a contract for difference terminates, it also receives a new expiry date.

Friday, 19th of April - CFD Automatic Rollover



Oil and Natural Gas will be rolled over from the May 2019 contract to the June 2019 contract on the 19th of April 2019.

India50 will be rolled over from the April 2019 contract to the May 2019 contract on the 19th of April, 2019.

Brent Oil will be rolled over from the June 2019 contract to the July 2019 contract on the 19th of April, 2019.

Copper will be rolled over from the May 2019 contract to the July 2019 contract on the 19th of April, 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.


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.