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MT4 - Expiration Dates
CFD Expiration Dates for May:
|Platform Name||Actual Expiration date||Roll over 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 platforms. 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 as well as the charge of closing and re-opening the position.
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.