Trade expiring and non-expiring futures on MT5.

An expiring future has a fixed expiry date: the contract stops trading on that day. A non-expiring, or continuous, future has no expiry: its price tracks the current contract and the position can stay open as long as you meet the margin requirements. In both cases you trade CFDs, without receiving or delivering the underlying asset.

On the expiry date, open positions on that contract are closed in line with the instrument specifications. If you want to stay exposed to the same asset, you need to open a new position on the next contract. Check each contract’s expiry date in MetaTrader 5 before trading.

Yes. Because the contract does not expire, the move from one underlying contract to the next is reflected through swap or rollover adjustments on the positions you hold open. These adjustments can be positive or negative and depend on each instrument; check its conditions on the platform.

In MetaTrader 5, in the Futures group of the symbols window. There you will find the available contracts, their specifications, their trading hours and, for expiring futures, their expiry date.

Futures CFDs are traded with leverage, which amplifies both gains and losses. Prices can move sharply, especially near expiry or on news about the underlying asset, and gaps can occur between sessions. Always set a stop loss, size your position to your capital and trade only with money you can afford to lose.