What is Forex Futures and CFD Trading Rollover?

Rollover is the interest paid or earned for holding a position overnight. Each cfd has an interest rate associated with it, and can add significant extra cost or profit to your trade.

When is Rollover booked?

5 p.m. in New York is considered the beginning and end of the trading currency day. Any positions that are open at 5 p.m. sharp are considered to be held overnight, and are subject to rollover. A position opened at 5:01 p.m. is not subject to rollover until the next day, while a position opened at 4:59 p.m. is subject to rollover at 5 p.m.

A credit or debit balance for each positon open at 5 p.m. appears on your account within an hour, and is applied directly to your account balance.

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Are there expirations for CFDs?
US Oil has a monthly expiration. All other CFD contracts will be treated like a cash product with no expiration, similar to trading Forex through BBB. Like Forex, there is no need for a trader to manually roll over his positions. This will be done as a convenience to the cfd trader. It is important to note that CFD prices be impacted when contracts roll over in the forex futures market, as during rollover time there tends to be greater volatility in the market for the underlying asset.

US Oil is the exception to this cfd trading rule. It expires once every month. Any trader with a position in US Oil at the end to expiry time will see all his open positions automatically closed, and his profits or losses realized in his account. He can open his US Oil in the next month once trading resumes.