How do futures work on etoro?

CFD Futures

These work much like a normal CFD asset. However, unlike other CFD assets that we offer, futures have an expiry date. CFD futures positions close automatically on the expiry date, and any profit or loss is realised.

CFD trading allows customisable position sizes, including fractional positions, and the use of leverage.

Trading hours for CFD futures depend on the underlying asset, and positions can be copied using etoro’s CopyTrader feature.

CFD futures incur a spread fee and overnight fees, which are specific to the asset being traded. Visit our fees page for detailed information.

Exchange-Traded Futures

These are standardised leveraged products traded on the exchange. The contract itself determines characteristics such as the leverage and the margin amount.

Currently, exchange-traded futures incur a fixed fee per contract, except for Spot-Quoted Futures (SQFs), which also incur an overnight fee, and are typically bought as whole contracts with predefined prices and settlement terms. These contracts are available for trading 23 hours a day, 5 days a week, and cannot be copied using etoro’s CopyTrader feature.

All exchange-traded futures contracts can be traded until the etoro closing deadline, after which trading on the contract is halted. etoro then closes any remaining positions.

Exchange-traded futures have two different settlement types, which determine when etoro sets the closing deadline:

• Cash settlement futures – etoro’s closing deadline is the contract's expiry date.
• Physical settlement futures – etoro’s closing deadline is a date before clients take on any obligations related to the physical delivery of an asset, which etoro does not support. This deadline can be 30-plus days before a contract’s expiry date.

Hover over the information icon next to the contract’s name to view its specifications. Check our guide on what each data point means in more detail.

Spot-Quoted Futures

Spot-Quoted Futures (SQFs) are a type of exchange-traded futures contract quoted based on the underlying spot market.

Key features include:

• spot-based pricing
• one-year expiry
• lower margin requirements
• a built-in price adjustment to track the spot market

In addition to the fixed fee per contract, SQFs incur a daily overnight fee, known as the Adjustment Amount (ADJ). This reflects the cost or benefit of holding a position, similar to Spot CFDs, and helps keep the contract price aligned with the spot market.

To check the fee for a position, hover over the Estimated Opening Costs tooltip or check the fees page for more information.

How can I tell whether I am trading an exchange-traded or CFD future?

When you open the trade window on a CFD future, you will see the CFD icon next to the asset name, and you will be able to customise aspects such as leverage.

Exchange-traded futures, on the other hand, don’t have the CFD icon, and aspects such as leverage can’t be customised. In addition, when hovering over the information icon, the contract specifications are displayed.

You can find the full list of instruments traded as futures contracts and the key dates for each contract on our Trading Hours and Market Events page.

To maintain exposure to the asset you are trading via futures, you can manually roll over the contract by opening a position on the new contract when it becomes available.