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Rolling a Trade

Generally, all open trades are automatically closed when the market closes at the end of a trading day. However, you may choose to leave your trade open indefinitely using our rolling service.

You may set your trade to roll at the same time as when you open it, or at any time during the same trading day while the market is open. If you choose to cancel the rolling service, your trade will automatically close at the end of that particular trading day.

We charge a fee for the rolling service, and this is taken from your gnu account cash balance overnight. It is therefore, your responsibility to maintain adequate funds in the cash balance of your gnu account to cover the fee on the days you wish to keep your position open. If your account has insufficient funds to cover the rolling fee on an open position, we will be unable to roll it and will close the position at the close of the market.

The current rolling fee is 0.195% of the total value of your position per night. This % will change from time to time based on the overall volatility of the markets.

Please use our Rolling Fee Calculator to get an estimate on the fee for a trade you want to roll.
 

Example: if you have a ğ10 per point position on S&P which is trading at 1450, the rolling fee is:

 

ğ10 x 1450 points x 0.195% = ğ28.28 for that night.

When the market becomes available for trading again (i.e. the next trading day) you can resume trading on that market. Please note that it is not uncommon for underlying market values to change over night (e.g. due to overnight news events), and therefore the market(s) you are trading may open at buy and sell prices which are different from those seen at the previous days close.

If a market's value moves beyond your stop order level overnight, your trade on that market will automatically close at the stop level you set.

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