Existing and new positions
You cannot close existing positions or open new positions when the markets are closed. You can, however, place or modify entry, stop-loss, take-profit and trailing stop orders.
Widening spreads
Spreads (the difference between the bid price and ask price) typically widen before the markets close and could trigger orders and/or margin closeouts.
Market prices
Market prices may significantly change or “gap” when the market resumes trading. This change could trigger orders, which would be executed at the prevailing market rate. For example, if a price moves against you, a stop-loss order may be triggered at a different price to the price specified on your order. This could result in additional losses.
Avoiding margin closeouts
Ensure that you maintain sufficient margin in your OANDA account at all times to avoid a margin closeout. To reduce the risk of a margin closeout, you could reduce or close your overall positions or add more funds to your OANDA account. To reduce the likelihood of unwanted order execution, consider widening your take-profits, stop-losses or trailing-stops prior to the market close.
Note: All instruments will be closed from 16:59 - 17:05 (New York time) daily.
Forex CFDs
| Instrument | Timezone | 1 Standard lot equivalent (units) | Trading hours (local exchange time) |
|---|---|---|---|
| All FX products (except TRY Pairs) | New York | 100,000 | Sun-Fri: 17:05 - 16:59* |
| TRY Pairs | Central Europe | 100,000 | Mon-Fri: 08:00 - 17:00 |
*Forex instruments open on Sunday at 17:05 and close for the week on Friday 16:59 (New York time). There is a six minute break between 16:59 - 17:05
Note: There is an additional 6 minute break for NZD pairs starting at 06:59 Auckland time
Metals CFDs
| Instrument | Currency | Timezone | 1 Standard lot equivalent (units) | Trading Hours |
|---|---|---|---|---|
| XAU/USD | USD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/AUD | AUD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/CAD | CAD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/CHF | CHF | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/EUR | EUR | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/GBP | GBP | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/HKD | HKD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/JPY | JPY | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/NZD | NZD | New York | 100 | Sun-Fri: 18:05 - 16:59 ** |
| XAU/SGD | SGD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAU/XAG | USD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAG/USD | USD | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/AUD | AUD | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/CAD | CAD | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/CHF | CHF | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/EUR | EUR | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/GBP | GBP | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/HKD | HKD | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/JPY | JPY | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
| XAG/NZD | NZD | New York | 5000 | Sun-Fri: 18:05 - 16:59** |
| XAG/SGD | SGD | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
**These instruments also have a break and are closed from 06:59 to 07:05 Auckland time
Index CFDs
| Instrument | Currency | Timezone | 1 Standard lot equivalent (units) | Trading Hours |
|---|---|---|---|---|
| Australia 200 | AUD | Sydney | 1 | Mon - Fri 09:51 - 16:29; 17:11 - 06:59*** |
| China A50 | USD | Singapore | 1 | Mon - Fri 09:01 - 16:29; 17:01 - 04:44 |
| Euro 50 | EUR | Frankfurt | 1 | Mon - Fri 01:16*** - 21:59 |
| France 40 | EUR | Paris | 1 | Mon - Fri 08:01 - 21:59 |
| Germany 40 | EUR | Frankfurt | 1 | Mon - Fri 01:16*** - 21:59 |
| Hong Kong 33 | HKD | Hong Kong | 1 | Mon - Fri 09:16 - 11:59; 13:01 - 16:29; 17:16 - 02:59 |
| Japan 225 | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| Netherlands 25 | EUR | Amsterdam | 1 | Mon - Fri 08:01 - 21:59 |
| Singapore 30 | SGD | Singapore | 1 | Mon - Fri 08:31 - 17:19; 17:51 - 05:14 |
| UK 100 | GBP | London | 1 | Mon - Fri 01:01 - 20:59 |
| US Nas 100 | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| US Russ 2000 | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| US SPX 500 | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| US Wall St 30 | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| China H Shares | HKD | Hong Kong | 1 | Mon - Fri 09:16 - 11:59; 13:01 - 16:29; 17:16 - 02:59 |
| Japan 225 (JPY) | JPY | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| Spain 35 | EUR | Madrid | 1 | Mon - Fri 08:01 - 19:59 |
| Switzerland 20 | CHF | Frankfurt | 1 | Mon - Fri 08:01 - 21:59 |
Note: MT4 lot size only applies to CFD trades placed on an MT4 account.
***Where indicated, the opening or closing time of the session moves forward by one hour during daylight savings time.
Bond CFDs
| Instrument | Currency | Timezone | 1 Standard lot equivalent (units) | Trading Hours |
|---|---|---|---|---|
| Germany 10Y Bund | USD | Frankfurt | 1 | Mon - Fri 01:16*** - 21:59 |
| UK 10Y Gilt | USD | London | 1 | Mon - Fri 08:01 - 17:59 |
| US 2Y T-Note | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| US 5Y T-Note | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| US 10Y T-Note | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
| US T-Bond | USD | Chicago | 1 | Sun - Fri 17:01 - 15:59 |
Note: MT4 lot size only applies to CFD trades placed on an MT4 account.
***Where indicated, the opening or closing time of the session moves forward by one hour during daylight savings time.
Commodity CFDs
| Instrument | Currency | Timezone | 1 Standard lot equivalent (units) | Trading Hours |
|---|---|---|---|---|
| Brent Crude Oil | USD | London | 100 on MT4; 1,000 on OANDA One & MT5✳︎ | Sun 23:01 - Fri 21:59† |
| Copper | USD | Chicago | 2,500 on MT4; 25,000 on OANDA One & MT5✳︎ | Sun - Fri 17:01 - 15:59 |
| Corn | USD | Chicago | 5,000 | Sun - Fri 19:01 - 07:44; 08:31 - 13:19 |
| Natural Gas | USD | New York | 2,500 on MT4; 10,000 on OANDA One & MT5✳︎ | Sun - Fri 18:01 - 16:59 |
| Soybeans | USD | Chicago | 600 | Sun - Fri 19:01 - 07:44; 08:31 - 13:19 |
| Sugar | USD | New York | 40,000 | Mon - Fri 03:31 - 12:59 |
| West Texas Oil | USD | New York | 100 on MT4; 1,000 on OANDA One & MT5✳︎ | Sun - Fri 18:01 - 16:59 |
| Wheat | USD | Chicago | 5,000 | Sun - Fri 19:01 - 07:44; 08:31 - 13:19 |
| Platinum (XPT) | USD | New York | 100 | Sun - Fri 18:01 - 16:59 |
| Palladium (XPD) | USD | New York | 100 | Sun - Fri 18:01 - 16:59 |
✳︎MT4 lot size on native platforms for Brent Crude Oil, Copper, Natural Gas and West Texas Oil is different than on OANDA One & MT5 (OANDA mobile, MT5 native platforms and TradingView)
†Brent Crude Oil starts at 23:01 London time on Sunday and closes at 21:59 London time on Friday. There is a six-minute break from 21:59 - 22:05 London time Mon-Thu, and two-hours break from 22:59 - 01:01 London time Mon-Thu.
Cryptocurrency CFDs
| Instrument | Timezone | 1 Standard lot equivalent (units) | Trading Hours |
|---|---|---|---|
| Bitcoin | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Bitcoin cash | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Ether | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Litecoin | New York | 1 | Sun-Fri: 17:05 - 16:59 |
Shares CFDs
| Instrument name | Currency | MetaTrader lot sizes | Trading hours (local exchange time) | Timezone of exchange |
|---|---|---|---|---|
| Spanish shares | EUR | 1 | Mon-Fri 09:01 - 17:29 | Madrid |
| Dutch shares | EUR | 1 | Mon-Fri 09:01 - 17:29 | Amsterdam |
| German shares | EUR | 1 | Mon-Fri 09:01 - 17:29 | Frankfurt |
| French shares | EUR | 1 | Mon-Fri 09:01 - 17:29 | Paris |
| Belgian shares | EUR | 1 | Mon-Fri 09:01 - 17:29 | Brussels |
| Danish shares | DKK | 1 | Mon-Fri 09:01 - 16:54 | Copenhagen |
| Finnish shares | EUR | 1 | Mon-Fri 10:01 - 18:24 | Helsinki |
| Portuguese shares | EUR | 1 | Mon-Fri 08:01 - 16:29 | Lisbon |
| Swedish shares | SEK | 1 | Mon-Fri 09:01 - 17:24 | Stockholm |
| UK Shares | GBP | 1 | Mon-Fri 08:01 - 16:29 | London |
| US shares | USD | 1 | Mon-Fri 09:31 - 15:59 | New York |
The opening or closing time of the session may move by one hour during daylight savings time.
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