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.

Note: All forex instruments will be closed from 16:59-17:05 (New York time) each day the market is open.

Instrument Timezone 1 Standard lot equivalent (units) Trading Hours
All FX Products New York 100,000 Sunday 17:05 - Friday 16:59*

* 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

Note: There is an additional 6 minute break for NZD pairs starting at 06:59 Auckland 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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