A rollover is an action that is performed by a broker or CFD provider to keep a position open beyond its expiry date. Unlike some CFD providers, ITCS Trade’s rollover service is available free of charge, allowing you to keep your open positions and orders on futures-based CFD contracts – such as Natural Gas or Oil – without the need for you to manually close and reopen them at a new rate. We have an automatic rollover date, so you don’t have to perform any actions at the rollover date.
When a position is automatically rolled over, an adjustment is either added to or subtracted from your account to offset the difference between the previous and new contract rates. The value of your position continues to reflect the impact of market movements based on your position’s original opening level, size and spread. In other words, your equity before the rollover remains identical to your equity after the rollover.
A Buy position will receive a NEGATIVE ADJUSTMENT when the new contract is trading at a higher price, and a POSITIVE ADJUSTMENT when the new contract is trading at a lower price. Conversely, a Sell position will receive a POSITIVE ADJUSTMENT when the new contract is trading at a higher price, and a NEGATIVE ADJUSTMENT when the new contract is trading at a lower price.
Change of position value connected with base change will be corrected by swap points equal to base value. Clients with limit and stop orders close to current price are kindly requested to adjust their position to changes in base value. Otherwise stop and limit orders will be executed according to standard procedure.
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ITCS Capital Ltd
K. Amanzholov Street 174
Uralsk City, 090000
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