Many people may be wondering whether XM Trading is open on Saturdays, Sundays, and even holidays, and whether trading is possible or not. In fact, whether or not it is possible to trade will vary considerably depending on the trading brand. This time, we have compiled an article about business on Saturdays, Sundays, and public holidays and whether trading is possible.
XM business hours
First of all, let’s explain the business hours of XM itself and the handling of the year-end and New Year holidays and holidays.
Support and deposit/withdrawal response time
Is it possible to contact you on Saturdays and Sundays? From the answer, if you make an inquiry on Saturdays, Sundays and holidays, it will be answered on the next business day. The support desk is open from Monday to Friday, and offers support via email, live chat, and phone, but each has different features. Please refer to the following article for details.
Business Hours and Impact on Deposits and Withdrawals
XM deposits must be made during business hours as they are bank transfer only and will be credited to the trader’s trading account after confirmation by our support desk. When the support desk is out of business hours, it is often outside of Forex trading hours, so there is no need to rush the deposit to be reflected. However, it may not be possible to make it in time, so please choose a method that will be reflected in your trader account immediately, such as credit card deposit.
Account activation process
You can apply to open a new account even on Saturdays, Sundays, and holidays. However, activation of the account = start of trading requires visual confirmation by the staff. Please note that when it is outside business hours, it will basically be handled on Monday after Saturday and Sunday.
Handling of holidays
XM Trading support is closed on public holidays. Inquiries made on a holiday will be answered on the next business day. But for trading it is possible. Therefore, many people get confused, but please be careful as there is a difference between support correspondence and trade availability.
New Year’s Eve, Christmas
During the year-end and New Year holidays and Christmas, as well as the exchange rate, the XM trading support itself has quite irregular business hours. Please refer to the following article for details. Always check the official XM website. This is the same for Golden Week and Obon, and there is a possibility that it will correspond to quite irregular names.
Trade availability
Whether or not trading is possible on Saturdays, Sundays and public holidays varies considerably depending on the stocks handled. Please refer to the article below for the stocks handled by XM Trading. As you can see from the article, exchanges are available from Monday to Friday, and virtual currencies are available 365 days a year, and there are differences depending on the brand. XM’s trading hours also differ between summer time and winter time, so be sure to check the stocks you want to trade.
In the case of foreign exchange, settlement (taking profits and cutting losses) is not possible on Saturdays and Sundays.
On Saturdays and Sundays, it is not possible to settle positions (take profit/loss) with MT4 or MT5. Since the market is closed, MT4 and MT5 are not moving, and it is not possible to take profits or cut losses on existing positions, as well as new orders. The position that has been held since Friday can be closed at the earliest on the early morning of the following Monday.
In the case of foreign exchange, trading is possible on holidays
You cannot trade on XM on Saturdays and Sundays, but you can trade on holidays in the same way as on weekdays. Even if it’s a public holiday in Japan, it’s a weekday worldwide, and markets are operating as usual. Also, please note that banks are closed on holidays for deposits and withdrawals. The response itself will be after the next business day, so you will have to wait.
New Year’s Eve, Christmas
As with XM trading, trading will be quite irregular. Therefore, be sure to check the official website as well. Golden Week and Obon can often be traded as usual. This is because Golden Week and Obon are cultures unique to Japan and have nothing to do with the rest of the world. Please pay attention to the movement of the yen exchange rate during these periods. A sudden drop in trading volume can cause the market to move wildly.
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