Trading
Hours of operation
Our hours of operation coincide with the global financial markets. Trading is available from Sunday 5pm to Friday 5pm (New York time). Please note: these times are subject to change during daylight saving time and certain public holidays.
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.
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 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: 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.
Forex
| Instrument name | Timezone of exchange | MT4 lot sizes | Trading hours (local exchange time) |
|---|---|---|---|
| All FX products | New York | 100,000 | Sun-Fri: 17:03 - 16:58* |
*FX trading will be closed from 16:58 until to 17:03 (New York time) daily.
Note: There is an additional 5-minute break for NZD pairs starting at 06:58 Auckland time (12:58 New York time).
Cryptocurrencies
| Instrument name | Timezone of exchange | MT4 lot sizes | Trading hours (local exchange time) |
|---|---|---|---|
| All crypto products | N/A | N/A | 24/7* |
*The 24/7 trading is impacted by maintenance hours listed below.
| Date | Maintenance length in hours | Timezone | Time |
|---|---|---|---|
| 2022-06-17 | 4 | EDT | 17:00 - 21:00 |
| 2022-06-24 | 4 | EDT | 17:00 - 21:00 |
| 2022-07-01 | 4 | EDT | 17:00 - 21:00 |
| 2022-07-08 | 8 | EDT | 17:00 - 01:00 |
| 2022-07-15 | 4 | EDT | 17:00 - 21:00 |
| 2022-07-22 | 4 | EDT | 17:00 - 21:00 |
| 2022-07-29 | 4 | EDT | 17:00 - 21:00 |
| 2022-08-05 | 8 | EDT | 17:00 - 01:00 |
| 2022-08-12 | 4 | EDT | 17:00 - 21:00 |
| 2022-08-19 | 4 | EDT | 17:00 - 21:00 |
| 2022-08-26 | 4 | EDT | 17:00 - 21:00 |
| 2022-09-02 | 8 | EDT | 17:00 - 01:00 |
| 2022-09-09 | 4 | EDT | 17:00 - 21:00 |
| 2022-09-16 | 4 | EDT | 17:00 - 21:00 |
| 2022-09-23 | 4 | EDT | 17:00 - 21:00 |
| 2022-09-30 | 8 | EDT | 17:00 - 01:00 |
| 2022-10-07 | 4 | EDT | 17:00 - 21:00 |
| 2022-10-14 | 4 | EDT | 17:00 - 21:00 |
| 2022-10-21 | 4 | EDT | 17:00 - 21:00 |
| 2022-10-28 | 8 | EDT | 17:00 - 01:00 |
| 2022-11-04 | 4 | EDT | 17:00 - 21:00 |
| 2022-11-11 | 4 | EST | 17:00 - 21:00 |
| 2022-11-18 | 4 | EST | 17:00 - 21:00 |
| 2022-11-25 | 8 | EST | 17:00 - 01:00 |
| 2022-12-02 | 4 | EST | 17:00 - 21:00 |
| 2022-12-09 | 4 | EST | 17:00 - 21:00 |
| 2022-12-16 | 4 | EST | 17:00 - 21:00 |
| 2022-12-23 | 8 | EST | 17:00 - 01:00 |
| 2022-12-30 | 4 | EST | 17:00 - 21:00 |
| 2023-01-06 | 4 | EST | 17:00 - 21:00 |
| 2023-01-13 | 4 | EST | 17:00 - 21:00 |
Ready to start trading? Open an account in minutes
Already have a live trading account? It's easy to fund your account using one of the following payment methods.
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company ("Paxos") exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC.
4 ways to trade, plus MetaTrader 4
Our range of platforms include OANDA Trade web, desktop and mobile, as well as MetaTrader 4.
Trade forex with OANDA
We are a globally-recognized broker with over 25 years' experience in foreign exchange trading.
Apply for an OANDA trading account
Open a live or practice trading account in three easy steps: apply, verify your documents and fund.