Zones by Country. World Time. Time Zone Converter. Forex Market Hours. What's My Time Zone? Forex Market Hours sponsored ads:. About The Forex Time Zone Converter The foreign exchange "forex" or "FX" currency market is not traded on a regulated exchange like stocks and commodities. Click on a time zone for Daylight Saving Time DST transition dates and times.

Home Time Zone Converter World Time Zones By Country Reference Card Link to Us Copyright © timezoneconverter. Perhaps, you also know one or two strategy when trading in the Forex market.

However, you should also consider the fact that because the Forex market operates 24 hours a day, you need to know when you should trade. Why bother to trade them when they are not active and you cant maximise your returns.

Forex trading at hd markets beings Monday at 10am NZ Time to Saturday 9am NZ Time then it beings again at 10am NZ Time on Monday. Forex trading Australia begins in Forex at New Zealand next at Australia followed by Asia, in the Middle East, Europe and ends in America.

The major markets in Forex are London, Tokyo and New York with trading activities the heaviest when major markets overlap. Basing from the times, you will see that there will always be someone anywhere in the world who is buying and selling australianforexbrokers.

You will see that when one market closes, another market opens. Trading in the Forex market is 24 hours a day. Forex market transaction volume is always high during the whole day.

However, it peaks the highest when the Asian market, the European market and the US market opens at the same time. In order to get the highest possible trades and the most profitable ones — here are the open trading platforms times that you can use as reference note — times might differ by one hour on either side during our daylight savings period.

If you look at the schedule and study the times and also their respective charts, you will see that if you concentrate your forex no deposit bonus activity during either of the trading hours for the three largest market centers: London, New York and Tokyo, this is where most market activity will occur, especially when one of these three markets open or overlap.

And there are two instances where two of the major mt5 brokers overlap on trading hours. As the payment for cars would a substantial amount, the demand for the Japanese Yen will suddenly go up early on Monday morning, which will turn the Yen bullish.

This is just a simple example, but this is the reason why often prices start to move, and trends are created. The point of this illustration is to make a point that when Japanese and Australian banks are open to conducting international transactions, there is a high probability that the respective currencies, such as the Australian Dollar and the Japanese Yen, will experience increased trading volume.

Consequently, the prices of these currencies will fluctuate more compared to outside of the banking hours. Theoretically, it is true that there is no central exchange in the Forex market, and anyone can buy and sell currencies any time of the day or any day of the week. Nonetheless, to trade a Forex pair, you need a counterparty. To buy something you need someone else to sell you want you are trying to buy and vice versa.

This is why in practice; you should spend your active trading hours when there are ample buyers and sellers in the market. Even if some brokers allow trading during the weekends, the prices of various currency pairs hardly move on Saturday and Sunday.

If you are a short-term day trader, who opens and closes trades within a day, trading outside banking hours in major financial centers around the world will also feel like you are trading during the weekend.

Because if major financial institutions and professional traders are not placing huge orders that move the market, there is no reason for the solid trends to take place. Hence, the concept of Forex Market Hours derives from the notion that when major financial markets are open in a given time zone, the volume and liquidity in the market remains high, which in turn reduces the difference between the bid and ask prices and helps traders to fill their orders relatively easily without incurring slippage.

After all, as a retail Forex trader with limited capital, you will not be in a position to move the market. You will solely rely on larger players like banks and institutional investors to create the trends and hopefully catch a few to turn a profit. This is why short-term retail Forex traders should trade only during active banking hours and avoid looking for trading opportunities when the forex market hours clock stops ticking. Technically speaking, if you exchange U. Dollars to get some British Pound for pocket money at an Airport Foreign Exchange Kiosk after arriving in London, in the middle of the night, it would be also considered as a foreign exchange trade.

However, as you can guess by now, large billion-dollar, cross-border, transactions do not happen at 3 a. at the parking lot of the Heathrow Airport. These market-moving transactions happen among large banks during their respective banking hours. Moreover, not all branches of a certain big bank will do these large-scale cross-border transactions.

For example, a small branch of the Bank of America in Louisville, Kentucky. However, its downtown Manhattan branch in New York will certainly engage in large-scale foreign exchange deals. Similarly, a branch of the Swiss multinational investment bank, UBS Group AG, in Bangkok will have a lower transaction volume in the Forex market compared to its branch located in a major Asian financial hub like Singapore. Hence, banking hours in the time zone of major financial centers like Tokyo in Japan, Singapore City in Singapore, Frankfurt in Germany, London in the United Kingdom, and New York in the United States generate the bulk of the trading volume in the Forex market.

Therefore, liquidity and volatility are usually higher when markets are open in these time zones. Besides banks engaged in commercial cross-border currency transactions, institutional investors and hedge funds speculating in the international stock exchanges also generate a high volume of foreign exchange transactions.

Hedge funds with international exposure often buy and sell a large number of stocks across the globe to diversify their portfolios.

Coincidentally, some of the major forex exchange hubs also host the major stock exchanges. For example, the NASDAQ and the New York Stock Exchange are located in, you guessed it right, in New York; The London Stock Exchange is located in London, and the Tokyo Shoken Torihikijo is based in Tokyo. So, cross-border investments that require moving funds from one end of the globe to another generally contributes to a higher level of trading volume in the global foreign exchange market.

Furthermore, when banks and stock exchanges in more than one major financial centers are open simultaneously, the trading volume and liquidity go up substantially. This is why the beginning of the New York trading session has usually generated the bulk of the trading opportunities for short-term traders because it opens when the London trading session is also open across the Atlantic. Hence, if you overlay the trading volatility in a forex market hours chart, you can see that it spikes up when trading begins in the financial center located next in the time zone.

And so Overlapping hours of the London trading session and the New York trading session is the best time to trade forex, since the market is most active.

If you are a swing trader or a trend trader who likes to keep positions open overnight or several days at a time, then paying attention to the forex market hours chart in figure 2 may not be that important. However, most Forex traders are day traders and different trading sessions based on the time zone and geographic location of the financial centers around the world will have a substantial impact on the bottom line.

While the actual trading strategy you have may not change, knowing when to trade can certainly help you stop wasting time looking for trades when are no trading opportunities in the market. Furthermore, success in Forex trading in highly depends on timing, as trends can often reverse and wipe out the profits in your open trades. Knowing when to enter and exit the market based on active Forex market hour can have an immensely positive impact on your profitability and aid in building the confidence you need to succeed in this agile market environment.

Let's take a look at three major Forex market hour-based strategies you can apply today to improve your win rate and increase profitability. Price gaps are the areas on a price chart that represents a missing price data in a chart. While a lot of brokers also show price gaps in line charts, it is best illustrated in a bar or candlestick chart.

To find the best forex broker in New Zealand we compared the top forex trading platforms and November spreads of all 9 FMA regulated NZ forex brokers. Other factors considered include trading speed, commissions and customer service. With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University.

He also owns Innovate Online offering digital marketing services with over 20 employees. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Based in Auckland, key features of Blackbull include:. BlackBull Markets is FMA regulated with a Financial Services Providers Register FSPR number of FSP This means that client funds are segregated in an ANZ bank account, staff meet training requirements and there is an independent dispute resolution scheme.

This means that individuals can place orders with straight-through-processing STP execution to liquidity markets. The broker has its own proprietary aggregation system designed to ensure liquidity providers are competing with each other resulting in the lowest spreads. Below shows the three ECN broker accounts available for NZ forex traders. There are no commissions charged on trades with the broker making its money by widening their spreads the difference between the ask and sell price.

This simpler cost structure makes it easier to calculate trading costs for novice New Zealand traders but the overall brokerage is higher. The result of this brokerage model is lower fees compared to the standard account. Overall, the spreads charged are the lowest of any FMA-regulated forex broker as shown in the table below which is updated monthly.

spreads are taken from each broker's website and updated monthly. Spreads are the same as the ECN prime account but commissions can be negotiated lower.

BlackBull also offers a swap-free, Islamic Account that operates in full compliance with sharia law, given that paying or receiving interest is prohibited in Islam. This account is available in both the ECN Standard and ECN Prime Accounts with the same tradeable instruments available, swap-free. BlackBull offers the two best forex trading platforms based on popularity, MetaTrader 4 and MetaTrader 5.

The image below shows that while MetaTrader 4 MT4 is the older trading software of the two, it remains the choice for forex trading versus MetaTrader 5 MT5 which is better suited for CFD trading.

What makes BlackBull the best MetaTrader broker is its superior infrastructure for MT4. This includes the use of the New York Equinix data centre to connect you with their liquidity providers.

The NY4 data centre is where the majority of liquidity providers store their servers, so it makes sense that BlackBull uses NY4 as their main server location. However, to ensure you get the fastest possible execution for your trades, Blackbull can also connect you with fully functional servers in London, Tokyo, Hong Kong and Shanghai where the proximity may be better for your location. Other enhancements to their forex trading platform include the add-ones of ZuluTrade, Myfxbook and the recent partnership of HokoCloud for social trading.

BlackBull traders also have access to Virtual Private Servers VPS through VPS Trading, NYC Servers or Beeks FX. This enhances the trading execution speed to as low as 1ms. With headquarters based in the Auckland CBD, BlackBull also has its main customer support centre here, which is available during NZ business hours.

To ensure the Asia-Pacific region is catered to, the New Zealand base is complemented by a Malaysian office for customer support outside business hours. When you open a forex trading account, BlackBull will provide you with a dedicated account manager that can assist with any customer service needs. Key points of contact include:. As a locally-based FMA-regulated forex broker, Blackbull Markets offers the best forex trading platforms with the lowest trading fees. Full review Visit BlackBull.

TradeMax Global Markets TMGM recently acquired an FMA financial license to operate in New Zealand. The forex and CFD broker was founded in Australia in and is well known for its competitive no dealing desk NDD execution and ECN trading environment. TMGM offers commission and commission-free pricing structures, in 3 different accounts. An Islamic account option is only available for those following sharia law and on the edge account. As well as a good selection of account types with low spreads, TMGM offer three popular trading platforms:.

In total, thousands of CFDs can be traded with TMGM. Just keep in mind that if you want to trade shares, IRESS is your best option as you can trade shares all hours.

Regardless of the trading platform you choose, TMGM utilises diverse liquidity sources to achieve ultra-tight spreads and fast execution speeds. Overall, there are many benefits to becoming a TMGM trader. You can access tight spreads from 0. A multi-regulated global broker with a long history of facilitating CFD trading, CMC Markets offers the highest maximum leverage across all markets. This includes leverage of on major currency pairs and indices, for treasuries, and for commodities.

Aside from being licensed by the FMA, the New Zealand regulator, the broker offers its brokerage services across the world with FCA regulation formally FSA in the UK and ASIC regulation in Australia. Most CFDs have trading costs included in the spread with no additional commission fees. CMC Markets have currency pairs which start from 0. Other CFD products with no commission fees include indices, cryptocurrencies, hard and soft commodities and treasuries.

If you do wish to purchase share CFDs, then you can trade over shares across 23 markets including NZX, ASX, NYSE and LSE. The commission will vary for each market but if you trade on the NZX New Zealand Exchange , the fee is 0.

Trading on the ASX will cost you 0. USD You can see the spreads offered by CMC on the core markets below, ranging from Forex to Cryptocurrencies. Both platforms are available via a desktop trading platform, web trader platform or mobile trading apps for Android and iOS devices.

While most proprietary platforms lack advanced technical analysis tools, Next Generation is on par with third-party options like MT4. The platform offers in-built technical indicators and over 70 chart patterns across 12 types of charts to help you develop robust trading strategies.

Perhaps the most interesting feature is the availability of a guaranteed stop-loss order GSLO. As CMC has its own trading platforms, it is one of few brokers that can offer this feature.

A GSLO is the same as a stop-loss order but CMC will guarantee to close out of the trade at the price you set for a small premium. Best of all, if you close your trade without needing to use the GSLO, then the entire GSLO cost will be refunded. To get started, you can deposit trading funds using a credit card, direct deposit or PayPal.

CMC Markets offers the highest maximum leverage on major currency pairs of up to There is a high level of risk when trading CFDs with high leverage, so only experienced traders with a high-risk threshold should consider choosing the maximum leverage available.

Maximum leverage for other products is similarly high, with for indices, for treasuries and for commodities. You can view more leverage information in the review of CMC Markets. Should you start trading with CMC, it is useful to note that this broker does have an office in New Zealand not all brokers do at Level 25, Queen Street, Auckland which can be useful if you desire a broker with a local presence.

As one of the largest FX brokers worldwide, IG markets itself as an all-in-one trading solution provider. They provide stockbroking, currency, and CFD trading services across a number of forex platforms. IG Markets is a market maker, meaning they use internal liquidity to fill your orders and act as the counterparty to your trade compared to no dealing desk brokers that connect you to external liquidity providers.

Market maker brokers like IG offer commission-free spreads, making them a good option for traders looking for a simpler cost structure. Traders also benefit from a range of risk management tools and industry-leading educational resources. IG offers a large and diverse range of products for trading across over 17, markets making it a great option for portfolio diversification.

Very few brokers offer the range of products that IG Markets provide access to. Financial products include:. Should you wish to sign up with IG, it may be useful to know the broker does not have an office in New Zealand. Some of the other tier 1 licences include Australia ASIC , the UK FCA , Germany BaFin , and even UAE DFSA.

IG also offers a huge range of 12, shares across a wide range of markets for New Zealand traders, with market-based spreads and a 0. IG is the largest forex broker globally and was ranked 10th in the best forex broker Australia list.

The issue though is in NZ they have a weaker offering with higher brokerage and primarily offshore customer support. Only traders looking specifically for the IG trading platform should consider the broker.

Review Of IG Visit IG. Those new to trading should consider Plus because of the brokers:. The platform features robust charting, with indicators and 20 drawing tools, across 2, CFD products including:. Plus is not only FMA regulated, the broker is licensed in several financial jurisdictions such as South Africa FSCA , Singapore MAS and Europe CySEC.

One weakness of choosing Plus is that the broker does not have an office in New Zealand, which may present issues should you want to engage with the broker in person. The easy-to-use trading platform, range of products and risk management tools is why Plus is recommended for novice NZ traders. While trading fees are higher than low costs brokers such as BlackBull Markets, this should be a lower consideration for those new to trading for which novice mistakes can cost significantly more than any increases in spread charges.

Hantec Markets New Zealand is part of the Hantec Group, which also operates regulated entities for forex trading in Australia, Japan, England and Vanuatu. The company has its headquarters in Hong Kong where it was founded 30 years ago and holds a licence to offer derivatives by the FMA in New Zealand since November Choosing Hantec Markets gives you access to commission-free spreads starting from 0.

The broker uses straight-through processing STP which means there is no dealing desk. No dealing desk interference ensures your orders receive the most optimal execution and pricing when you trade. Hantec offers the most popular forex trading platform, MetaTrader 4, for both Windows and Mac via an emulator. This platform is still the most used by online brokers worldwide and by many of the top retail traders participating in forex markets.

Normally when there is a national USA bank holiday, the worldwide currency markets that do trade do so at lower levels. William Cunningham. Blackbull is ideal for intermediate and expert NZ forex traders looking for a locally based broker that meets their needs. Due to the high levels of risk, this present day, traders may select a broker that offers guaranteed stop-loss orders. Best of all, if you close your trade without needing to use the GSLO, then the entire GSLO cost will be refunded.

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