Important: Changes to FX & CFD Market Times.
MYFX MARKETS is pleased to announce an enhancement to your trading experience.
Effective Monday 11th of December, a session break will be added to FX and Precious Metal CFD symbols.
FX symbols will have a 3 minute trading break added and Precious Metal symbols will close 1 minute earlier.
The new session times (MT4 Server Time – platform time GMT+2) are outlined below:
|Symbols||Monday to Thursday||Friday|
|FX||00:02 – 23:59||00:02 – 23:58|
|Precious Metals||01:00 – 23:59||01:00 – 23:58|
Why is MyFX Markets making this change?
MyFX Markets has closed during this small window to reduce the risk of a Stop Loss triggering due to excessively wide prices at End of Day, rather than genuine directional movement.
Whilst wide pricing does reflect market il-liquidity (and is a normal market occurrence arising from banks temporarily disconnecting their pricing from the market) it does not provide high quality entry opportunities for traders and also increases risk of undesirable stop loss fills.