FXCM’s trading hours vary by product. For forex, trading opens on Sundays between 5:00 PM ET future trading fxcm online currency trading 5:15 PM ET and closes on Fridays around 4:55 PM ET. For CFD trading hours, click here.
CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. All references on this site to “FXCM” refer to the FXCM Group. Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Cryptocurrencies have a higher volatility than any other product available to trade at FXCM and market liquidity will fluctuate. As a result, jumps in price are common and negative slippage can occur frequently on Stop and Market Orders. Crypto Trading takes place 24 hours a day, 7 days a week, however the FXCM platform is closed for trading over the weekend. There exists the possibility of large market movements over the weekend.
During this time you will be unable to enter or exit positions. If your stop or limit price is surpassed over the weekend, your trade will trigger for closure at FXCM Market Open and execute at the best available price at the time. It is recommended to close your order prior to weekend close, if you would like to avoid the impact of any weekend movement. Simple and Advanced Dealing Rates windows in the Trading Station Platform. In order to avoid Financing Costs positions can be closed before the daily market close. The financing costs and spread should be considered before entering any Cryptocurrency trades. Cryptocurrency trading takes place around the globe on many unregulated exchanges and the price of a certain cryptocurrency may vary greatly from exchange to exchange.
FXCM derives its Cryptocurrency pricing from multiple liquidity providers. The best available bid and ask prices are then displayed on the trading platform, with a markup. This pricing method ensure fair pricing for all FXCM customers. However, FXCM’s price will vary from the current price and movements of any specific underlying exchange. Given the above pricing methodology, the spread will therefore be variable and will narrow and widen depending on the pricing received from third parties, market liquidity and volatility.
In the event of trading suspensions, discontinuations, forks or any other event that may result cessation of trading for a certain cryptocurrency. CFD trading may also be ceased at FXCM. For open position holders, FXCM will determine in accordance with market practice the appropriate adjustment, if any, to be made to the current value or quantity of your positions, in order to preserve the economic equivalent of your position, either prior to the relevant event or to reflect the effect of the event on your position. CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. All references on this site to “FXCM” refer to the FXCM Group.