When it comes to online trading, knowing the trading hours of your chosen broker is crucial. IC Markets is a well-known name in the world of online trading, offering a wide range of financial instruments and assets to traders.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
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| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
IC Markets: A Brief Overview
Before diving into the specifics of IC Markets’ trading hours, let’s briefly introduce IC Markets as a broker. IC Markets is a leading online forex and CFD broker known for its competitive spreads, high liquidity, and advanced trading platforms. With a commitment to providing traders with exceptional services, IC Markets has gained a strong reputation in the industry. Their trading hours are a crucial aspect of their service, allowing traders to access the markets conveniently.
IC Markets Trading Hours
IC Markets offers access to a wide range of financial markets, including Forex, Commodities, Indices, and Cryptocurrencies. Each market has its own unique trading hours, which are influenced by global financial markets’ opening and closing times. To help you better understand IC Markets’ trading hours, we will break down the hours for each market category.
- Forex Trading Hours
Forex, or the foreign exchange market, is one of the most popular markets for traders worldwide. It operates 24 hours a day, five days a week, and is divided into different trading sessions. IC Markets provides access to the Forex market during the following sessions:
a. Sydney Session: This session opens at 10:00 PM GMT and closes at 7:00 AM GMT.
b. Tokyo Session: The Tokyo session starts at 11:00 PM GMT and ends at 8:00 AM GMT.
c. London Session: The London session opens at 7:00 AM GMT and closes at 4:00 PM GMT.
d. New York Session: This session begins at 12:00 PM GMT and closes at 9:00 PM GMT.
The overlapping of these sessions provides traders with ample opportunities to trade various currency pairs. The highest volatility and trading activity usually occur during the overlap of the London and New York sessions.
- Commodity Trading Hours
IC Markets offers trading in a range of commodities, including precious metals like gold and silver, as well as energy resources like oil. The trading hours for these commodities can vary depending on the specific asset. Typically, trading hours for commodities follow global market hours:
a. Gold and Silver: Trading for these precious metals typically begins at 1:00 AM GMT and closes at 11:00 PM GMT.
b. Oil: Trading for oil usually starts at 3:00 AM GMT and ends at 10:00 PM GMT.
It’s essential to check IC Markets’ platform for precise trading hours and any variations due to daylight saving time changes or market holidays.
- Indices Trading Hours
Indices are popular instruments for traders looking to invest in a basket of stocks representing a particular market or sector. IC Markets provides access to various global indices, each with its own trading hours:
a. ASX 200: The Australian Stock Exchange’s index is available for trading from 11:10 PM GMT to 7:00 AM GMT.
b. FTSE 100: Trading in the FTSE 100 index, which represents the UK stock market, occurs from 7:00 AM GMT to 3:30 PM GMT.
c. S&P 500: The S&P 500, a key U.S. index, is available for trading from 1:00 AM GMT to 9:00 PM GMT.
These hours can vary depending on market events and daylight saving time changes. Traders should regularly check IC Markets’ website or trading platform for updated information.
- Cryptocurrency Trading Hours
IC Markets has become known for its cryptocurrency offerings, providing access to a wide range of digital assets. Cryptocurrency markets operate 24/7, unlike traditional financial markets. This means you can trade cryptocurrencies on IC Markets at any time of the day or night, including weekends and holidays.
However, it’s important to note that while you can trade cryptocurrencies 24/7, liquidity and price movements may vary during different times of the day. Traders should be aware of potential price gaps and increased volatility during weekends.
Trading Sessions Overlapping
One significant advantage of trading with IC Markets is the overlapping trading sessions, which can lead to increased liquidity and trading opportunities. The most notable overlap occurs during the opening of the London and New York sessions, as this is when the majority of trading activity in the forex market takes place. This period typically occurs between 12:00 PM GMT and 4:00 PM GMT.
Daylight Saving Time (DST) Considerations
It’s essential to keep in mind that trading hours may be affected by daylight saving time changes. Different regions and countries may observe DST, which can shift market opening and closing hours. Traders should be aware of these changes and adjust their trading schedules accordingly.
Market Holidays
In addition to DST changes, market holidays can also affect IC Markets’ trading hours. Different countries have their own public holidays, and some markets may be closed on these days. IC Markets typically provides information about market holidays on their website or trading platform.
Conclusion
Understanding IC Markets’ trading hours is crucial for successful online trading. The broker’s diverse offering of financial instruments, including Forex, Commodities, Indices, and Cryptocurrencies, provides traders with a wide range of opportunities. By knowing the trading hours for each market and staying informed about daylight saving time changes and market holidays, you can maximize your trading potential with IC Markets. Always make sure to check the latest information on IC Markets’ website or trading platform for the most accurate and up-to-date trading hours.
IC Markets’ commitment to transparency and customer satisfaction is evident in the accessibility and reliability of their trading hours. By leveraging this knowledge, traders can make informed decisions and develop effective trading strategies to achieve their financial goals. Whether you’re a seasoned trader or just starting your journey in the world of online trading, IC Markets offers a comprehensive trading experience tailored to your needs.
