Avoiding margin closeouts
Ensure that you maintain sufficient margin in your OANDA Trade 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 Trade account. To prevent unwanted order execution, consider widening your take-profits, stop-losses or trailing-stops prior to the market close.
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.
Forex
| Instrument | Timezone | 1 Standard lot equivalent (units) | Trading hours (local exchange time) |
|---|---|---|---|
| All FX products | New York | 100,000 | Sun-Fri: 17:05 - 16:59* |
* Forex instruments open on Sunday at 17:05 and close for the week on Friday at 16:59 (New York time). There will be a six minute break between 16:59 and 17:05.
Note: There is an additional six minute break for NZD pairs starting at 06:59 Auckland time.
Metals CFDs
| Instrument name | Currency | Timezone of exchange | MetaTrader lot sizes | Trading hours (local exchange time) |
|---|---|---|---|---|
| XAU/USD | USD | New York | 100 | Sun-Fri: 18:05 - 16:59 |
| XAG/USD | USD | New York | 5000 | Sun-Fri: 18:05 - 16:59 |
MetaTrader lot size only applies to CFD trades placed on a MetaTrader account.
| Instrument name | Currency | Timezone of exchange | MetaTrader lot sizes | Trading Hours (local exchange time) |
|---|---|---|---|---|
| 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 |
*Where indicated, the opening or closing time of the session moves forward by one hour during daylight savings time.
| Instrument name | Currency | Timezone of exchange | MetaTrader lot sizes | Trading Hours (local exchange time) |
|---|---|---|---|---|
| Brent Crude Oil | USD | London | 1,000 | Sun 23:01 - Fri 21:59** |
| Copper | USD | Chicago | 25,000 | 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 | 10,000 | 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 | 1,000 | 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 |
**Brent Crude Oil starts at 23:01 London time on Sunday and closes at 21:59 London time on Friday. There will be 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 name | Timezone of exchange | MetaTrader lot sizes | Trading Hours (local exchange time) |
|---|---|---|---|
| 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 |
| Binance Coin | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Cardano | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Chainlink | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Dogecoin | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Polkadot | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| EOS | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Stellar | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Tezos | New York | 1 | Sun-Fri: 17:05 - 16:59 |
| Uniswap | New York | 1 | Sun-Fri: 17:05 - 16:59 |
Share CFDs
| Instrument name | Currency | Timezone of exchange | MetaTrader lot sizes | Trading Hours (local exchange time) |
|---|---|---|---|---|
| Spanish shares | EUR | Madrid | 1 | Mon-Fri: 09:01 - 17:29 |
| Dutch shares | EUR | Amsterdam | 1 | Mon-Fri: 09:01 - 17:29 |
| German shares | EUR | Frankfurt | 1 | Mon-Fri: 09:01 - 17:29 |
| French shares | EUR | Paris | 1 | Mon-Fri: 09:01 - 17:29 |
| Belgian shares | EUR | Brussels | 1 | Mon-Fri: 09:01 - 17:29 |
| Danish shares | DKK | Copenhagen | 1 | Mon-Fri: 09:01 - 16:54 |
| Finnish shares | EUR | Helsinki | 1 | Mon-Fri: 10:01 - 18:24 |
| Portuguese shares | EUR | Lisbon | 1 | Mon-Fri: 08:01 - 16:29 |
| Swedish shares | SEK | Stockholm | 1 | Mon-Fri: 09:01 - 17:24 |
| UK shares | GBX | London | 1 | Mon-Fri: 08:01 - 16:29 |
| US shares | USD | New York | 1 | Mon-Fri: 09:31 - 15:59 |
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