Hours of operation
Please note: these trading times are subject to change during daylight saving time and certain public holidays.
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.
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.
Note: All forex instruments will be closed from 16:59-17:05 (New York time) each day the market is open.
Forex
| 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 will be a six minute break between 16:59 - 17:05 daily.
Note: There is an additional 6 minute break for NZD pairs starting at 06:59 Auckland time
Central European Time will most often be 6 hours ahead of New York Time, however this will vary with Daylight Savings Time.
Cryptocurrencies (offered by Paxos)
Trading hours may be impacted by Paxos’ availability. Please see here for Paxos hours.
| Instrument | Timezone | Lot sizes | Trading Hours |
|---|---|---|---|
| All Cryptocurrencies | N/A | 1 | 24/7 * |
* Cryptocurrency trading hours may be impacted by regular scheduled maintenance. Users will be notified via email when maintenance will occur.
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Frequently asked questions
The US forex market hours are 24 hours, Sunday to Friday according to New York time. OANDA’s forex market hours are
between 17:05, Sunday, and 16:59, Friday, according to New York time.
Please note: these times are subject to change during daylight saving time and certain public holidays.
Crypto market hours are 24 hours a day, 365 days a year.
Please note: Cryptocurrency trading hours (on OANDA offered through Paxos) may be impacted by regular scheduled maintenance. Users will be notified via email when maintenance will occur.
When trading with OANDA, you can place or modify orders, including entry, stop-loss, take-profit, and trailing stop orders. However, you can’t open new positions or close existing ones.
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