Are there expirations for CFDs?
Commodity CFDs, which include UKOil, USOil, NGAS, SOYF, WHEATF and CORNF, Treasury CFDs, like BUND, 2USNote, 5USNote, and 10USNote and Copper, the only metal with an expiration, are among our products with an expiration date. This can occur monthly, every two months or quarterly depending on the product.
All other CFD contracts will be treated like a cash product with no expiration, similar to trading Forex with FXCM. Like Forex, there is no need for a trader to manually roll over his positions. FXCM will do this as a convenience to the trader. It is important to note that CFD prices can be impacted when contracts roll over in the futures market, as during rollover time there tends to be greater volatility in the market for the underlying asset.
Any trader with positions on one of the above instruments at the scheduled expiry time will see all open positions automatically closed, and any floating profits or losses realized. New Positions can be opened once trading resumes. For further details of the expiration process and an expiration calendar, please consult the CFD Product Guide.