Eightcap Trading Hours (GMT and Local Exchange Time)
Eightcap Trading Hours encompass both traditional forex trading and cryptocurrency trading. The forex market operates from Sunday 5 pm EST to Friday 5 pm EST, with normal trading sessions occurring between 9:30 am and 4 pm EST, Monday to Friday. Crypto trading is available 24/7, allowing traders to participate in cryptocurrency markets outside traditional forex and stock trading hours.
The FX market operates from Sunday at 5 pm EST to Friday at 5 pm EST. At Eightcap, most clients, regardless of location, utilize the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. These platforms are synchronized to Greenwich Mean Time (GMT) + 2 hours throughout the year. GMT+2 is two hours ahead of the benchmark GMT, which serves as a reference point for time across the globe. It's essential to note that GMT+2 remains constant for most of the year, but during periods of daylight-saving time changes, such as in winter, the platform time adjusts to GMT +3 hours.
The foreign exchange trading time is structured into sessions, beginning with Sydney (which opens at 9 pm GMT+2 and closes at 6 am GMT+2), then Tokyo (opens at 11 pm GMT+2 and closes at 8 am GMT+2), followed by Frankfurt, London (opens at 3 am GMT+2 and closes at noon GMT+2), and finally New York (which opens at 8 am GMT+2 and closes at 3 pm GMT+2). Read on to learn more about the Eightcap market trading hours.
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What time are trades open?
Trades are open 24 hours a day, five to seven days a week, but the asset you are trading determines if you can trade for 5 or 7 days each week. The Forex and stock markets are active from Monday to Friday, while the crypto market is active 7 days a week.
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Is it possible to trade on Eightcap on weekends?
Yes, it is possible to trade on Eightcap on weekends, but that should be crypto assets as other instruments are not available on weekends.
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When is the best time to trade on Eightcap?
The best time to trade on Eightcap depends on individual trading strategies and market conditions. The overlap between the two top trading sessions (the London and American sessions), according to experts, is the best time to trade.
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Is there a specific time to trade Forex?
While there isn't a specific time to trade Forex universally, many traders focus on periods of high liquidity and volatility, often during overlapping sessions of major financial centers.
Eightcap CFD Markets Hours
Eightcap offers CFD (contract for difference) trading, allowing traders to speculate on price movements without committing to long-term investments. This financial derivative contract provides access to various instruments, such as indices or commodities, that may not typically be available in local markets or time zones.
Before engaging in CFD trading with Eightcap, it's crucial to have a well-defined plan in place. This plan should outline your trading goals, risk tolerance, preferred markets, and strategies. Additionally, understanding the trading hours for each CFD market is essential for effective trading. Forex trading is available 24 hours a day, five days a week, while index trading hours vary depending on the specific index, typically mirroring the respective exchange's trading hours. Eightcap commodity trading hours vary based on the commodity being traded, with each market having its own specific trading hours.
CFDs (Stocks)
Eightcap trading hours for stock CFDs are usually aligned with the stock exchange where the company is listed. This means that stock CFDs are typically available for trading during the regular trading hours of the respective stock exchange.
| Symbol | Name | Trading hour (UTC+2) |
|---|---|---|
Apple Inc |
16:35-22:55 |
|
WBC |
WESTPAC BANKING Corp |
22:00-06:00 |
Amazon.Com Inc |
16:35-22:55 |
|
Alphabet Inc | Google |
16:35-22:55 |
|
Xiaomi (1810) |
XIAOMI CORPORATION |
01:00-09:00 |
16:35-22:55 |
||
SAP |
11:05-18:25 |
Index CFDs
Eightcap trading hours for indices CFDs are usually aligned with the trading hours of the underlying stock exchange. Therefore, the main trading hours are usually during the respective stock exchange's trading hours.
| Symbol | Name | Trading hour ((UTC+2) |
|---|---|---|
UK100 |
UK 100 Cash | FTSE 100 | Financial Times Stock Exchange 100 Index |
03:00-23:00 |
Dow Jones Industrial Average | DJIA | Wall Street 30 Cash |
01:00-24:00 |
|
ASX200 |
Australia 200 Cash | ASX200 |
02:50-09:30, 10:10-24:00 |
Nasdaq Cash 100 | NSDQ100 |
01:00-24:00 |
|
FRA40 |
France 40 Cash | CAC 40 (Cotation Assistee en Continu) |
09:00-23:00 |
GER40 |
Germany 40 Cash | Dax 40 |
03:15-23:00 |
Commodity CFDs
Eightcap trading hours for commodity CFDs vary depending on the commodity being traded. For example, oil CFDs may have trading hours that coincide with the global oil trading hours, while gold CFDs are typically available for trading during major trading sessions.
| Symbol | Name | Trading hour (UTC+2) |
|---|---|---|
Gold / US Dollar |
01:01-23:59 |
|
Silver / US Dollar |
01:01-23:59 |
|
UKO/USD |
Spot Brent Crude Oil |
03:00-24:00 |
USO/USD |
Spot WTI Crude Oil |
03:00-24:00 |
Crypto CFDs
The crypto CFD market operates 24 hours a day, seven days a week. This round-the-clock trading availability is due to the global nature of the crypto market, which does not have specific opening and closing hours.
| Symbol | Name | Trading hour ((UTC+2) |
|---|---|---|
Bitcoin / US Dollar |
00:00-23:59 |
|
Cardano / USD |
00:00-23:59 |
|
Ethereum / US Dollar |
00:00-23:59 |
|
SOLUSD |
Solana / USD |
00:00-23:59 |
Crypto Market Hours
Crypto enthusiasts on Eightcap can trade several cryptocurrencies, as the platform offers traders the opportunity to trade different cryptocurrencies on the platform from Monday to Sunday. With over 350 cryptocurrency derivatives and dozens of indicators, Eightcap lets you customize your trading approach to your tastes. Since it is open year-round, the cryptocurrency market has no set hours of operation. The following are a few of the cryptocurrencies that traders can trade on Eightcap:
Weekend Trading at Eightcap
At Eightcap, traders have the opportunity to engage in weekend trading, particularly catering to crypto enthusiasts. This means that trading is available on select cryptocurrencies throughout the weekend, providing continuous access to these markets. Notably, cryptocurrencies such as Bitcoin Cash (BCH/USD), Ethereum (ETH/USD), and Litecoin (LTC/USD) maintain trading hours from Monday to Sunday, spanning the entire week. However, traders should be aware of the differences in market dynamics, limited asset availability, and increased risks associated with weekend trading compared to weekday trading.
Weekend trading at Eightcap differs from weekday trading in several ways:
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Extended Trading Hours: While traditional financial markets typically operate only on weekdays, weekend trading allows traders to continue participating in the market during weekends, providing additional opportunities for profit and risk management.
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Volatility and Liquidity: Weekend trading may experience different levels of volatility and liquidity compared to weekday trading. As the market operates outside regular trading hours, price movements may be more erratic, potentially leading to increased opportunities but also heightened risks.
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Restricted Market Availability: While some cryptocurrencies can be traded on the weekends, other financial instruments like indices, commodities, and Forex pairs might only be accessible during certain hours or might be closed altogether. This restriction limits the range of assets that can be traded on weekends in comparison to weekdays.
Despite the benefits of weekend trading, there are limitations and restrictions to consider:
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Reduced Liquidity: Due to fewer participants and lower trading volumes during weekends, liquidity in the market may be lower, leading to wider spreads and increased slippage.
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Limited Support and Resources: Support services and resources from brokers like Eightcap may be limited on weekends compared to weekdays. Traders should be prepared to rely on their knowledge and expertise to navigate the markets independently during these times.
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Increased Risk: Weekend trading carries inherent risks, including the potential for unexpected news events, market gaps, and price fluctuations that may not be easily mitigated due to limited liquidity and support.
Expert opinion
Eightcap provides a wide array of trading opportunities in several different financial markets, such as indices, cryptocurrencies, forex, and commodities. For traders to efficiently plan their strategies and maximize their trading activities, they must comprehend the trading hours.
Each session has its own specific trading hours, allowing traders to capitalize on different market conditions and trading opportunities. The 24/7 availability of Crypto assets mirrors the global essence of the cryptocurrency market, offering traders an opportunity to engage beyond the confines of traditional forex and stock trading hours.
However, traders should be aware of the differences in market dynamics, limited asset availability, and increased risks associated with weekend trading compared to weekday trading. Overall, understanding Eightcap's trading hours across different markets empowers traders to effectively plan their trading strategies, capitalize on trading opportunities, and manage risk in the dynamic world of financial markets.
Conclusion
You can maximize your trading strategy and make wise choices in the fast-paced world of CFD trading with Eightcap if you become familiar with the market hours and incorporate them into your trading plan.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).