RoboForex business hours are open twenty-four hours a day, from Monday at 12:00:01 AM (server time) to Friday at 11:58:59 PM (server time).
RoboForex Trading Hours (GMT And Local Exchange Time)
Updated: February 09, 2024
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The Forex market runs across diverse time zones (according to the Forex trading sessions); it is open twenty-four hours a day, seven days a week, and closed on weekends. This is possible since the Forex sessions have distinct opening and closing times. Therefore, if you choose to trade using the RoboForex trading platform, becoming familiar with the RoboForex market hours should be your priority. You need to know when the RoboForex market opens and closes during the different Forex trading sessions.
Before we look into the RoboForex opening hours, you must learn about the Forex trading sessions. In this article, TU experts will offer traders a breakdown of the four trading sessions and RoboForex trading hours.
Forex Market Hours RoboForex
As stated in the introductory part of this article, you can trade the Forex market 24 hours a day, from Monday to Friday. Typically, the Forex market opens on Sunday and closes on Friday. However, RoboForex states that its business hours are open twenty-four hours a day, from Monday at 12:00:01 AM (server time) to Friday at 11:58:59 PM (server time). Eastern European Time (EET) is the server time; standard time is UTC+2 (summer time is UTC+3).
The RoboForex server time is two hours (UTC +2) off from UTC; during the summer, this difference becomes UTC +3 due to the adoption of daylight saving time. As a result, they use UTC+3 from March to October and UTC+2 from November to March.
The market's opening and closing times may fall within the hours of morning, noon, evening, night, and early morning in certain regions. As a result, it is advised that traders familiarize themselves with the Forex sessions and convert the times of these sections to local time.
Depending on their time zone and the time the market opens, traders can choose between four Forex sessions. These comprise:
There are specific opening and closing times for each of these Forex sections. Furthermore, when trading in the Forex market, certain pairs of currencies are more advantageous than others when traded on some specific trading sessions. It may be crucial to take into account the opening and closing times of RoboForex trading hours for Forex, though, as they are reliant on the Forex trading sessions.
The following table lists the opening and closing hours for RoboForex trading sessions according to the Forex trading sessions observed in the trading sector.
| Region/City | Open (UTC+2 (Eastern European time, EET)) | Close (UTC+2 (Eastern European time, EET)) |
|---|---|---|
|
ASIA |
|
|
|
-Tokyo |
2:00 |
10:00 |
|
-Singapore |
2:00 |
10:00 |
|
Europe |
|
|
|
-London |
9:00 |
17:00 |
|
-Frankfurt |
8:00 |
16:00 |
|
America |
|
|
|
-New York |
15:00 |
23:00 |
|
-Chicago |
16:00 |
24:00 |
|
Pacific |
|
|
|
-Sidney |
22:00 |
6:00 |
|
-Wellington |
22:00 |
6:00 |
There are what are known as "market overlaps" between each of these Forex trading sessions. Furthermore, studies show that when two Forex sessions overlap—when two markets are open simultaneously—there is high trading activity.
The London and New York session overlap is reportedly the busiest of all the Forex session overlaps that the trading industry experiences. The U.S./London markets overlap from 3 p.m. to 7 p.m. UTC+2 (4 p.m. to 8 p.m. UTC+3), providing traders with tremendous volume and opportunities for trading. While the Sydney/Tokyo markets are less volatile than the U.S./London overlap, they are still quite promising. During this period, the Forex market is inundated with buyers and sellers, guaranteeing sufficient liquidity and lowering the chance of slippage.
RoboForex CFD Markets Hours
From March to October, RoboForex uses UTC+3 and UTC+2 from October to February. However, trading on CFDs on metals gets started and ends one hour earlier than normal (server time) when the UTC+3 time zone is used. Below is the RoboForex CFD market hour as of the time of writing.
| Assets | open | close |
|---|---|---|
|
CFDs on US stocks |
03:31 PM |
09:59 PM |
|
CFDs on metals |
12:05 AM |
10:59 PM |
|
CFDs on US Futures |
12:00 AM |
10:59 PM |
|
CFDs on US indices |
02:00 AM |
10:15 PM |
US Stock Market Hours
The RoboForex server time is two hours (UTC +2) off from UTC; during the summer, this difference becomes UTC +3 due to the adoption of daylight saving time. However, because of the adoption of new technology and a rise in trading demand, these hours have been extended to include regular, pre-market, after-hours, and non-trading hours and days.
1
Regular Trading Hours
You are trading on the stock market during regular market hours if you trade from 2:30 PM to 7:00 PM in UTC+2 or 11:30 AM to 6:00 PM in UTC+3.
2
Pre-Market Trading
Pre-market trading in stocks occurs from 7 a.m. to 12:30 p.m. UTC+2 or 6 a.m. to 11:30 a.m. UTC+3.
3
After-Hours Trading
After-hours trading hours are between 11 p.m. and 3 a.m. in UTC+2 and midnight and 4 a.m. in UTC+3.
4
Non-Trading Days
On RoboForex, Saturdays or Sundays are regarded as non-trading days because there is no trading activity in the trading markets.
Weekend Trading at RoboForex
The Forex and stock markets on RoboForex are open 24 hours a day, five days a week, Monday through Friday. Thus, just like other international stock exchanges, the stock and Forex markets are closed on weekends, making some financial instruments unavailable for trading. During weekends, stop-loss and take-profit orders might not be guaranteed, and slippage could ensue.
FAQs
Is the Forex market 24 hours a day?
The Forex market is typically open for trading from Monday through Friday, 24 hours a day, five days a week. On the RoboForex trading platform, the Forex market is closed on weekends as the trading sessions are periods when banks are actively trading.
What time are the trading sessions?
According to the UTC zone, the London market is open from 7 a.m. to 4 p.m., the New York market is open from 1 p.m. to 10 p.m., the Sydney market is open from 9 p.m. to 6 a.m., and the Tokyo market is open from 12 a.m. to 9 a.m. Since the RoboForex server time is in UTC+2 and UTC+3, you add 2 or 3 hours to the default UTC for the trading sessions.
What is the Forex market hour?
The Forex market hour refers to when traders can trade currency pairs without interruption, and this is technically between Sunday evening and Friday. RoboForex states that its business hours are open twenty-four hours a day, from Monday at 12:00:01 AM (server time) to Friday at 11:58:59 PM (server time).
Is there a specific time to trade Forex?
Yes. The best times to trade Forex are from Monday through Friday when banks are actively trading. It is possible to trade Forex 24 hours a day during these five days due to the differences in the opening and closing times of the Forex sessions. Experts agree that the peak trading hours for Forex are from 8 a.m. to noon EST ( 5 a.m. to 9 a.m. UTC+2, 6 a.m. to 10 a.m. UTC+3) when the U.S. and London markets overlap and trading opportunities are at their highest.
Team that worked on the article
Peter Emmanuel Chijioke
Contributor
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
Developmental English Editor
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.