Hours of operation in OANDA Corporation

Our hours of operation coincide with the global financial markets. The trading hours 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 the ask price) typically widen at 4 pm Friday (New York time EDT), to reflect decreased liquidity in the global markets. These widened spreads could trigger stop-loss orders or margin closeouts when a position is opened at this time.

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 consider various options, such as to reduce or close your overall positions or add more funds to your OANDA Trade account. To reduce the likelihood of unwanted order execution, you could also consider options such as widening your take-profits, stop-losses or trailing-stops prior to the market close.

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.

We do not guarantee to quote all instruments during our hours of operation. There are numerous market reasons which may cause an instrument to either temporarily or permanently be withdrawn, hence preventing the opening of new positions.