How can I close a position?

A position can be closed manually or sometimes automatically. Let’s explain how:

Offset a trade (manual liquidation) - the most common method of exiting a trade. To offset a position, a trader must take out an opposite and equal transaction to neutralize the trade. With Plus500 Futures a trader can offset a trade by either tapping “Close” next to the order they wish to close (from “Portfolio=> Open”) or by opening an opposite position for the same number of contracts.

Limit Order, Stop Order, or Trailing Stop execution - when the conditions of the offset Limit Order, Stop Order, or Trailing Stop are met, the order will be executed, resulting in the offset of the trade. However, there is no guarantee your position will close at the exact price level you set, because of ‘slippage’ which can occur due to volatile price movements. When the market reaches or surpasses the specific price you set for the position to close, the position will close at the next available price.

Auto-liquidation for contract expiry - If a trader has not offset or rolled their position prior to contract expiration, the contract will expire and it will be liquidated automatically as Plus500 Futures does not support delivery.

Auto-liquidation for insufficient equity - In the event that a trader’s Net Equity falls below the Intraday margin requirement and/or the full margin requirement during the closing period, we may auto-liquidate some or all of the open positions or/and active orders.

Price limits - if positions are held within a predetermined number of ticks in front of lock limit up or down directions, those positions may be subject to auto-liquidation as any initiating position orders.