With AvaFutures, you avoid physical delivery of the underlying asset on the expiry of a Futures contract, which is not supported. Therefore, we advise you to take note of the expiry and first notice dates (FND) of any Futures Contracts in which you have positions and ensure they are closed before the appropriate day, as described below.
For some contracts, the FND that AvaFutures utilises could be several days earlier than the FND provided by the relevant exchange.
If futures positions are not closed 2 business days before the relevant date, first notice or last trading day, AvaTrade will close the position(s) on your behalf at the first available opportunity at the prevailing market rate. Clients who have not closed their positions in a timely fashion, as described above, will incur additional charges of $10/€10 per trade.