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
Global Prime ensures a 5 daily candle week for all clients.
The GMT offset is either +2 or +3 depending on whether Daylight savings time is in effect or not.
When the liquidity providers pricing into Global Prime switch online (Monday session start) and switch offline (Friday session end) the spreads can be wider as the liquidity providers reset and liquidity is low. To ensure our clients positions are not stopped out by the widened spread, we commence pricing on Monday 2 minutes after market open and on Friday 2 minutes before market close.
Daily Trading Break
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. 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 reset their pricing for the new trading day at 00:00 platform time (which is 5pm New York City).