Contracts that expire, and the ones that don't
Illustration of the two contract types. Not a price chart.
Same market, different clock
Both let you trade a price without owning the asset. What differs is whether the contract has an end date.
Cash CFD
Tracks the spot price of the underlying market.
- Expiry date
- None. The position stays open until you close it
- Cost of holding
- A daily swap at the rollover
- At the end of a contract month
- Nothing happens
- Typically used for
- Short holds and intraday trading
Every instrument listed today is this type
Expiring CFD
Tracks a futures contract for one delivery month.
- Expiry date
- Set by the futures contract it follows
- Cost of holding
- Reflected in the contract price rather than a daily swap
- At the end of a contract month
- The position is closed or rolled to the next month
- Typically used for
- Holding a view for weeks
What expires, and when
Contracts with an end date appear here with their last trading day. Search any instrument to see whether it expires.
No expiring contracts are listed
All 29 instruments on the platform today are cash CFDs with no expiry date. Type a ticker above to check one.
When an expiring contract is added it will be listed with its contract month and last trading day before trading opens, so the date is known from the first order.
[PLACEHOLDER - rollover policy (close at expiry or roll to next contract, and any price adjustment) to be confirmed before expiring contracts are listed]The rest of the fine print
Costs, hours and contract details live on their own pages.
Hold a cash CFD on a demo
Open a free demo with $10,000 virtual funds and see how an open position behaves overnight. No card required.