Is a Forex Broker open on the weekend? – Weekend trading explained in detail

The forex market is the largest financial market where forex traders converge to exchange currencies. Forex traders come from all over the world, which means that trades go on all day because of the different time zones.

It is closed on weekends for retail traders, but banks and cooperating companies can trade on weekends. Forex traders prefer not to have positions over the night because the market can change at any time. Traders that hold positions overnight use long-term strategies that force them to keep trading positions open for days or weeks. 

Is a forex broker open on the weekend?

Yes, there are forex brokers open for investors who prefer weekend trading. Some traders have work or jobs and are only free to trade on the weekends. These forex brokers have weekend trading opportunities for such traders. 

What is weekend trading?

It is when forex traders can access financial markets on the weekend. At times, some events can happen during the weekend, and forex traders wait until the market opens to trade the effect of the events. 

Weekend trading is a way forex brokers allow forex traders to access the market beyond usual trading hours. Forex traders can now access the financial markets for seven days a week. 

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How does weekend trading work?

Weekend trading works by allowing traders to access the markets open during the weekend. The weekend hours can start from 8:00 am on Saturday to 10:00 pm Sunday. It depends on the type of market you want to trade.

Some brokers allow traders to open positions independent of weekday positions. Weekend trading gives traders to open short-term trades during the weekend. Many markets are not open on the weekend, but traders can access the ones open on the weekends. 

Traders can access indices, foreign exchange and cryptocurrency markets on the weekend. 

Advantages of weekend trading

More profits

Forex traders who work on weekdays relax on the weekends. If they have a good strategy with consistent results, they could use it on the weekends. It means they could make more profits in seven days rather than trading for five days. 

It is a good time for traders with jobs or at school

Weekday trading needs time for research, strategizing, and making decisions. It might be difficult for forex traders to have nine to five jobs or students. They could be exhausted, which is why they make poor financial decisions. 

Weekend trading is a chance to work or go to school during the weekdays and trade on the weekend.

Forex traders can practice on weekends 

Weekend trading allows forex traders to create and practice new strategies. They develop strategies and practice on the weekend and apply them on weekdays. 

It is less volatile

On weekends, there is no news released in the markets as the majority of the financial markets close. That means that there are few traders and hence low volatility. Traders can take advantage of this and use the time to analyze certain currencies. 

It helps traders to make a detailed analysis and well-informed trading decisions. It is hard to do, while weekday trading as the market moves faster in a volatile market. 

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Disadvantages of weekend trading

Low liquidity 

It is an issue that forex traders encounter on weekend trading. Low liquidity means that there are few traders in the market. It poses a problem because trading requires the buyers and the sellers. 

Few forex brokers have weekend forex trading

Most forex brokers make money through spreads, which brings in profit when volume trading. At the weekends, few traders are active in the market means the income is low. Forex brokers don’t see the need for providing weekend trading

Few markets are open on Saturday and Sunday

Few financial markets open during the weekends. Most financial markets get closed on Friday evening and open on Sunday evening or Monday morning. The options for trading are low for the stock markets. 

Traders can access indices, foreign exchange, and cryptocurrency markets are open 24/7. 

Weekend bias factor

It means that the effects of the outcomes from weekend trading may carry over to the week. If you make profits or losses during the weekend you might carry emotions towards the week. It could affect your weekday trading performance. 

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Factors to consider when you want to choose a weekend trading forex broker

The features and resources present in the Forex broker

To choose a forex broker that opens on the weekend, you need one that has industry-standard features. It means a forex broker with access to multiple markets and trading platforms. Supreme user functionality and has different trading tools effective for any trading. 

Reliability and credibility 

Check if the forex broker is licensed and regulated in various countries. Look at the trading record and how other forex traders rank it in the industry. The security of funds is the top priority even when weekend trading. 

You can also check how it ranks with other weekend forex brokers before you decide to work with it.

Weekend trading costs

Forex brokers create separate trading fees from weekday trading. It is critical to look at the forex spreads and commissions for various markets. It means a few hours of trading so you need to look at the costs of opening positions for short periods. 

Customer support

It is crucial to have supportive and responsive customer care over the weekend. In case of any problems, it becomes easy to sort them out when you can easily reach them. 

Deposit and withdrawal options 

You have to look at the payment options that they offer. It helps to know which ones you can use and those effects on the weekends. It improves your trading process when you can fund your account and withdraw smoothly.

Which forex broker has the highest leverage?

Forex brokers that open on weekends

Here is a list of forex brokers that you can use if you would like to start weekend trading;

  • Etoro
  • XTB
  • FP Markets
  • Pepperstone
  • XM 
  • IC Markets
  • RoboForex
  • FP Markets 
  • EasyMarkets

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FAQ – The most asked questions about Forex broker open on the weekend:

Is a forex broker open on the weekend?

People often wonder, ‘is a forex broker open on the weekend?’ The answer is yes. Most forex brokers allow traders to trade over the weekend. However, not all forex brokers offer traders this privilege. You can access a forex broker on the weekend, but only if allowed by the broker. 

Is a forex broker open on the weekend for a withdrawal?

Before signing up with any random forex broker, you must ask yourself, ‘is a forex broker open on the weekend?’ After all, a trader should be able to access his funds anytime. Some forex brokers are open on the weekend and allow traders to make a withdrawal. However, some forex brokers might not offer this privilege. 

Is a forex broker open on the weekend for a deposit?

Yes, a forex broker is open on the weekend for a deposit. You can add funds to your forex trading account anytime over the weekend. So, a trader can enjoy trading without any hindrance. Thus, if you wonder, ‘is a forex broker open on the weekend?’ the answer is yes. A trader need not stop trading forex just because his broker does not allow making transactions over the weekend.

See more articles about forex trading here:

Last Updated on January 27, 2023 by Arkady Müller