Expiration of a CFD on the MetaTrader Platform
On the MetaTrader platform, each CFD instrument has an expiration date.
Each contract has a unique expiration date, in accordance with the trading instrument employed.
WiredMarket automatically rolls over positions open on their expiration dates, so that a new contract is formed and entered.
Our automatic rollovers involve the adjustment of account values to reflect the price differential between CFD contracts.
The expiration of a current CFD instrument and its rollover will take place on specific, pre-determined dates, as shown in the table below.
|Platform Name||Roll Over Date||Actual Expiration Date|
*Please note that the expiring CFDs will be rolled-over to a new contract with a different price according to the schedule above on the MT4 platform. Customers holding positions open at 21:00 GMT on the 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, long positions (buy) will be charged negative rollover adjustment and short positions (sell) will be charged positive rollover adjustment. If the new contract trades at a lower price than the expiring contract, long positions (buy) will be charged positive rollover adjustment and short positions (sell) will be charged negative rollover adjustment. To avoid any liquidation, customers are advised to maintain sufficient equity available in their account to absorb any negative adjustment at 21:00 GMT on the rollover date. 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. As slippage will incur, customers are advised to review their orders, taking into considerations the new contract rate. Customers can avoid CFD rollover by closing their open position before the rollover date.
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