Market open at the optimal times to reduce any unexpected market fluctuations.
Global Prime market open and market close hours on MT4 are as follows:
- Market Open (Monday): 00:02 MT4 Server Time
- Daily trading break between 23:59 – 00:02 MT4 Server Time
- Market Close (Friday): 23:58 MT4 Server Time
When the banks pricing into Global Prime switch online (Monday session start) and switch offline (Friday session end) the spreads can be wider as the banks reset and liquidity is low.
In order to ensure that our clients positions are not stopped out by the resulting widened spread we commence pricing on Monday 2 minutes later and close pricing on Friday 2 minutes earlier.
There is a daily 3 minute break in trading from 23:59-00:02 platform time. Clients are able to see the prices streaming during this break however no orders can be placed and pre-existing orders cannot be executed during this time.
This is to safeguard from positions with a Stop Loss getting hit by the potential spread spike that can occur over rollover when Liquidity Providers re-set their pricing for the new trading day at 00:00 platform time.
Global Prime ensures a 5 daily candle week for all clients.
The GMT offset is either +2 or +3 (New York) depending on whether Daylight savings time is in effect or not.
For more information, feel free to contact Global Prime either by phone on +612 8379 3622 or email at firstname.lastname@example.org or use the live chat right here on the website.
The information on this website is not intended to be an inducement, offer or solicitation to anyone outside of Australia. Global Prime Pty Ltd, ABN 74 146 086 017, (Global Prime) holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.385620.
Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and strongly recommend you to seek independent financial advice. Please read our Financial Services Guide and current offer document which is available to be downloaded from this website or hard copies may be sent by contacting us on the details provided on this website.
All financial products involves risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance.