CFD Expiry and Rollover

Some CFDs are built on a dated futures contract and therefore have an expiry, while cash or spot CFDs run indefinitely. When a futures-based CFD reaches expiry, the broker either closes the position at the settlement price or rolls it into the next contract month, depending on the platform's stated policy and the client's rollover setting. Because the new contract trades at a different price, a roll is accompanied by a cash adjustment that offsets the price gap, so the roll itself neither creates nor destroys value. What does change is that stop-loss and take-profit levels attached to the old contract may need to be reset, which is why expiry dates appear in the contract specification and are worth checking before holding through them.