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.

Chart Arrows

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.

Price signal

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.

Instrument name Timezone of exchange 1 standard lot of 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 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).

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.

Maintenance hours
Date Maintenance length (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
Ready to start trading?

Open an account in minutes.

Trusted by traders all over the world

With over 25 years of experience, OANDA offers leading tools, powerful platforms and transparent pricing.


3 ways to trade, plus MetaTrader 4 and TradingView

Our range of platforms include OANDA Trade web, mobile and tablet, as well as TradingView and MetaTrader 4.

Exchange - Pound to Euro

Trade forex with OANDA

We are a globally-recognized broker with over 25 years' experience in foreign exchange trading.

Account statement

Apply for an OANDA trading account

Open a live or practice trading account in three easy steps: apply, verify your documents and fund.