Forex Exchange Market is available 24 hours a day except Saturday and Sunday.
The market is opened 24 hours because each exchange market in the world is connected through days.
But the each market(Forex, commodities, Index etc) has different market hours and break time.
No tradings on Weekends but Swaps
Not even one financial market is opened through weekends though, still the interest rate(swap charges) are calculated through weekends.
To be precise, swaps are not calculated through weekends, but accumulated till Monday(when the market opens) and it will process all swaps of three days including Saturday, Sunday and Monday as once.
And the delivery date for Forex Exchange market is T+2(two days after the transaction date), so you will get charged tripled swap charges on Wednesdays for every brokers.
Market Hours for Forex
With GBE brokers, normal trading week for Foreign Exchange products begins at 00:05 in GMT+2 on Mondays and ends at 23:59 in GMT+2 on Fridays.
There is this 6 minutes of break every over night, during that time you will not receive any price quotes from the server.
This is to moderate the risks of high volatile markets and spread during the time often gets wider.
If you are a EA trader, you may need to setup your EA to be adjusted to the break time.
Market Hours for Metals
You can trade Gold, Silver, Palladium, Platinum and Copper with GBE brokers in a form of CFD.
Precious Metals CFD product are available for trading from 00.00 am to 11.00 pm every day in server time.
And there is a break time from 11.00 pm to 00.00 am daily where you can not place orders.
Precious Metals are also subject to swap charges at 00.00 am server time.
Market Hours for Energies
You can trade Natural Gas, UK Oil and US Oil with GBE brokers.
For Energies, you can trade from 00.00 am to 11.15 pm in server time(GMT+2 or 3).
And the break time is from 11.15 pm to 00.00 am, and during that time you will not receive any price quotes or able to place orders.
Market Hours for Index CFDs
There are 13 different Index CFDs offered by GBE brokers and each of them has got different market hours.
Please refer to the below table.
|Index CFDs||Market Hours||Break Time|
|GER30||08.00 am – 10.00 pm||None|
|AUS200||11.50 pm – 09.00 pm||06.30 am – 07.10 am|
|ESP35||09.00 am – 05.30 pm||None|
|EUSTX50||08.00 am – 10.00 pm||None|
|FRA40||08.00 am – 10.00 pm||None|
|ITA40||09.00 am – 05.40 pm||None|
|NAS100||00.00 am – 10.15 pm||10.15 pm – 10.30 pm|
|SUI30||07.50 am – 05.25 pm||None|
|UK100F||09.00 am – 10.00 pm||None|
|SPX500||00.00 am – 10.15 pm||10.15 pm – 10.30 pm|
|US30||00.00 am – 10.15 pm||10.15 pm – 10.30 pm|
|HKG33||02.15 am – 09.15 pm||05.00 am – 06.00 am|
|JPN225||00.00 am – 09.15 pm||10.15 pm – 01.00 am|
*Please note that the time specified above are subject to change at anytime by GBE brokers.
Market Volatility around weekends
GBE brokers has already taken action to moderate the financial risks around weekends by limiting the available trading hours in its MT4.
But you still need to know that especially during important economic News release and around weekends, the normal spread can get wider due to the market volatility.
So to avoid a sudden stop out and liquidation in your MT4 account, you may want to make sure that you have enough margins to support all your positions at anytime.