Trading Times | Market Hours

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.

Forex CFDs

Instrument name	Timezone	1 standard lot equivalent (units)	Trading hours
All FX products	New York	100,000	Sun-Fri: 17:03 - 16:58*

*FX trading will be closed from 16:58 to 17:03 (New York time) daily.

Note: There is an additional 5-minute break for NZD pairs starting at 06:58 Auckland time.

Metals CFDs

Instrument name	Currency	Timezone of exchange	1 standard lot equivalent (units)	Trading hours (local exchange time)
XAU/USD	USD	New York	100	Sun-Fri: 18:03 - 16:58
XAU/AUD	AUD	New York	100	Sun-Fri: 18:10 - 16:58
XAU/CAD	CAD	New York	100	Sun-Fri: 18:10 - 16:58
XAU/CHF	CHF	New York	100	Sun-Fri: 18:10 - 16:58
XAU/EUR	EUR	New York	100	Sun-Fri: 18:10 - 16:58
XAU/GBP	GBP	New York	100	Sun-Fri: 18:10 - 16:58
XAU/HKD	HKD	New York	100	Sun-Fri: 18:10 - 16:58
XAU/JPY	JPY	New York	100	Sun-Fri: 18:10 - 16:58
XAU/NZD	NZD	New York	100	Sun-Fri: 18:10 - 12:58; 13:03 - 16:58
XAU/SGD	SGD	New York	100	Sun-Fri: 18:10 - 16:58
XAU/XAG	USD	New York	100	Sun-Fri: 18:10 - 16:58
XAG/USD	USD	New York	5000	Sun-Fri: 18:03 - 16:58
XAG/AUD	AUD	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/CAD	CAD	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/CHF	CHF	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/EUR	EUR	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/GBP	GBP	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/HKD	HKD	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/JPY	JPY	New York	5000	Sun-Fri: 18:10 - 16:58
XAG/NZD	NZD	New York	5000	Sun-Fri: 18:10 - 12:58; 13:03 - 16:58
XAG/SGD	SGD	New York	5000	Sun-Fri: 18:10 - 16:58

Index CFDs

Instrument	Currency	Timezone of exchange	1 standard lot equivalent (units)	Trading hours (local exchange time)
Australia 200	AUD	Sydney	1	Mon - Fri 09:50 - 16:30; 17:10 - 07:00*
China A50	USD	Singapore	1	Mon - Fri 09:00 - 16:29; 17:00 - 04:44
Euro 50	EUR	Frankfurt	1	Mon - Fri 01:15* - 21:59
France 40	EUR	Paris	1	Mon - Fri 08:00 - 21:59
Germany 30	EUR	Frankfurt	1	Mon - Fri 01:15* -21:59
Hong Kong 33	HKD	Hong Kong	1	Mon - Fri 09:15 - 11:59; 13:00 - 16:30; 17:15 - 03:00
Japan 225	USD	Chicago	1	Sun - Fri 17:00 - 16:00
Netherlands 25	EUR	Amsterdam	1	Mon - Fri 08:00 - 21:59
Singapore 30	SGD	Singapore	1	Mon - Fri 08:30 - 17:20; 17:50 - 05:15
Taiwan Index	USD	Hong Kong	1	Mon - Fri 08:45 -13:45; 14:30 - 03:00
UK 100	GBP	London	1	Mon - Fri 01:00 - 20:59
US Nas 100	USD	Chicago	1	Sun - Fri 17:00 - 16:00
US Russ 2000	USD	Chicago	1	Sun - Fri 17:00 - 16:00
US SPX 500	USD	Chicago	1	Sun - Fri 17:00 - 16:00
US Wall St 30	USD	Chicago	1	Sun - Fri 17:00 - 16:00
ChinaH Shares	HKD	Hong Kong	1	Mon - Fri 09:15 - 12:00; 13:00 - 16:30; 17:15 - 03:00
Japan 225 (JPY)	JPY	Chicago	1	Sun - Fri 17:00 - 16:00
Spain 35	EUR	Madrid	1	Mon - Fri 08:00 - 20:00
Switzerland 20	CHF	Frankfurt	1	Mon - Fri 08:00 - 22:00

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 of exchange	1 standard lot equivalent (units)	Trading hours (local exchange time)
Germany 10Y Bund	USD	Frankfurt	1	Mon - Fri 01:15* - 21:59
UK 10Y Gilt	USD	London	1	Mon - Fri 08:00 - 17:59
US 2Y T-Note	USD	Chicago	1	Sun - Fri 17:00 - 15:59
US 5Y T-Note	USD	Chicago	1	Sun - Fri 17:00 - 15:59
US 10Y T-Note	USD	Chicago	1	Sun - Fri 17:00 - 15:59
US T-Bond	USD	Chicago	1	Sun - Fri 17:00 - 15:59

Commodity CFDs

Instrument	Currency	Timezone of exchange	1 standard lot equivalent (units)	Trading hours (local exchange time)
Brent Crude Oil	USD	London	100	Mon - Fri 01:00 - 22:59
Copper	USD	Chicago	2,500	Sun - Fri 17:00 - 15:59
Corn	USD	Chicago	5,000	Sun - Fri 19:00 - 07:44; 08:30 - 13:19
Natural Gas	USD	New York	2,500	Sun - Fri 18:00 - 16:59
Soybeans	USD	Chicago	600	Sun - Fri 19:00 - 07:44; 08:30 - 13:19
Sugar	USD	New York	40,000	Mon - Fri 03:30 - 12:59
West Texas Oil	USD	New York	100	Sun - Fri 18:00 - 16:59
Wheat	USD	Chicago	5,000	Sun - Fri 19:00 - 07:44; 08:30 - 13:19

BCO trading will start at 6pm on Sunday (EST).

Cryptocurrency CFDs

Instrument name	Timezone	1 standard lot equivalent (units)	Trading hours
Bitcoin	New York	1	Sunday - Thursday 17:05 17:00 Friday 17:05 16:55
Bitcoin Cash	New York	1	Sunday - Thursday 17:05 17:00 Friday 17:05 16:55
Ether	New York	1	Sunday - Thursday 17:05 17:00 Friday 17:05 16:55
Litecoin	New York	1	Sunday - Thursday 17:05 17:00 Friday 17:05 16:55

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