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.
Instrument name | Timezone | MetaTrader lot sizes | Trading hours |
---|---|---|---|
All FX products | New York | 100,000 | Sun-Fri: 17:03 - 16:58* |
* 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.
Instrument name | Currency | Timezone of exchange | MetaTrader lot sizes | Trading hours (local exchange time) |
---|---|---|---|---|
XAU/USD | USD | New York | 100 | Sun-Fri: 18:03 - 16:58 |
XAG/USD | USD | New York | 5000 | Sun-Fri: 18:02 -16:58 |
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) |
---|---|---|---|---|
AU200 | AUD | Sydney | 1 | Mon-Fri: 09:51 - 16:29; 17:11 - 06:59* |
CN50 | USD | Singapore | 1 | Mon-Fri: 09:01 - 16:29; 17:01 - 04:44 |
Euro 50 | EUR | Frankfurt | 1 | Mon-Fri: 01:16* - 21:59 |
FR40 | EUR | Paris | 1 | Mon-Fri: 08:01 - 21:59 |
DE40 | EUR | Frankfurt | 1 | Mon-Fri: 01:16* - 21:59 |
Hong Kong 50 | HKD | Hong Kong | 1 | Mon-Fri: 09:16 - 11:59; 13:01 - 16:29; 17:16 - 02:59 |
*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 | Mon-Fri: 1:00 - 23:00 |
Copper | USD | Chicago | 25,000 | Sun-Fri: 17:00 - 16:00 |
Natural Gas | USD | New York | 10,000 | Sun-Fri: 18:00 - 17:00 |
West Texas Oil | USD | New York | 1,000 | Sun-Fri: 18:00 - 17:00 |
Wheat | USD | Chicago | 5,000 | Sun-Fri: 19:00 - 07:45; 8:30 - 13:20 |
*Brent Crude Oil: Starts at 23:01 London time on a Sunday / Closes at 21:59 London on Friday / There will be a six minute break from 21:59 - 22:05 London time Mon-Thu
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 |
Ethereum | 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-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Cardano | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Chainlink | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Dogecoin | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Polkadot | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
EOS | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Steollar | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Tezos | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Uniswap | New York | 1 | Sun-Thu: 17:05 - 16:59; Thu - Fri: 17:05 - 15:59 |
Instrument name | Currency | Timezone of exchange | MetaTrader lot sized | 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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