News Orbex

Energies CFDs expiration details during June 2020

We would like to pay your attention to the upcoming expiration dates for energies CFDs during June 2020.

Kind reminder that if the price of USOIL dropped by more than 40%; then it will be set to close only, and if the price of USOIL reaches 0 or less, all open positions will be closed at the zero level.

New contracts will be available for trading according to the trading schedules published on our website. Times and dates mentioned above are in Cyprus Local Time (GMT+3) and subject to change without a prior notice. Please be advised that due to low liquidity on market opening times and market holidays; the spread for some or all pairs could be widened.

you are always welcome to contact your account manager or Orbex support, should you require additional help or information

Good Friday Holiday Schedule - 9 - 14 / April,2020

Orbex would like to inform you about the upcoming trading hour changes due to Good Friday Holiday from 9^th - 14^th of April 2020.

Please be advised that due to low liquidity on market opening times and market holidays; the spreads for all or some pairs could be widened.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Important Notice / New USOIL Future Contract is available for trading

Dear Valued Client,

Orbex would like to draw your attention that the last trading day on WTI_OIL will be on Friday 3rd of April 2020. A new future contract of May USOILK0 is available for trading starting from today.

Margin requirements on USOIL contracts will be set at 2% of the contract value, and spread will be more competitive.

WTI_OIL will be subject to a swap fees on swap accounts as mentioned on our Swap Table on our website starting from Friday 3rd of April 2020. Having in mind that three days swap on WTI_OIL will be deducted on each Fridays, you have to close your positions before market close on Friday 3rd of April, to avoid any fees may apply.

Free swap accounts will be subject to a daily storage fees of the same amounts as mentioned on our Swap Table.

Last trading day of USOILK0 will be on Friday 17 of April 2020, and the new contract of June USOILM0 will be available for trading before two days of May expiry.

USOIL Future contracts are a monthly contracts, and usually expires on the last week of each month.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Important Notice / Europe Daylight Saving Time Shift – 29/03/2020

Dear Trader,

Orbex would like to draw your attention that Europe is moving to Daylight Saving Time on Sunday 29th of March 2020. All traded instruments will revert back to the normal trading hours as mentioned on our website. 

Please be advised that due to low liquidity on market opening times and market holidays; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.
 

Yours,
The Orbex Team

US Daylight Saving Time - 08/03/2020

Orbex would like to draw your attention that due to the US Daylight Saving Time on Sunday 8th of March 2020; the market opening and closing time will be shifted by one hour earlier on all traded instruments during the period between 08/03/2020 to 29/03/2020.

EU Daylight Saving Time will start on Sunday 29th of March 2020.

We will adjust the time offset of the server clock to be (GMT+3) on Sunday 8th of March 2020.

On Sunday 29th of March trading schedule will revert to the normal trading hours as mentioned on our website.

Please be advised that due to low liquidity on market opening times and market holidays; the spreads for all or some pairs could be widened.

Times and dates are subject to change with a prior notice.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Christmas & New Year 2019 / 2020 Holiday Schedule

Dear Trader,

Orbex would like to inform you about the upcoming trading hour changes due to the Christmas Day & New Year 2020 Holiday between December 24 – January 2nd , 2019 / 2020.

Please be advised that due to low liquidity on market opening times and market holidays; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Yours,

The Orbex Team

Important Announcement - EU Daylight Savings Time - 27/10/2019

Dear Trader,

Orbex would like to inform you of the upcoming end of Daylight-Saving Time in Europe.

Please be aware that the European Daylight-Saving Time ends on October 27th, 2019, while the American Daylight-Saving Time ends on November 3rd, 2019.

Due to the above difference in dates, the US CFDs opening and closing times will be one hour earlier during the following dates:
October 27th to November 3rd, 2019.

We will keep our server clock offset at (GMT+3) for the period between October 27th to November 3rd, and it will be changed to (GMT+2) starting from Monday, November 4th, 2019.

Kindly be advised that due to low liquidity on holidays and market opening times, the spreads for some or all pairs may be widened.

Times and dates are subject to change without prior notice.

You are welcome to contact your account manager or Orbex support for any additional queries.
 

Sincerely,
The Orbex Team

USA Independence Day Holiday Schedule

Dear Trader,

Orbex would like to inform you about the upcoming trading hour changes due to the USA Independence Day Holiday on July 4th, 2019.

We recommend that you pay attention to the following schedule:
Wednesday July 3, 2019
Regular - Forex, XAU - XAG, Crude Oil (WTI_OIL), Coffee (KC)
Early Close at 20:15 - US30 - SPX500 - NAS100
Early Close at 23:00 - GER30 - UK100

Thursday, July 4, 2019
Regular - Forex
Early Close at 18:45 - Crude Oil (WTI_OIL)
Early Close at 20:00 - XAU - XAG, US30 - SPX500 - NAS100
Early Close at 23:00 - GER30 - UK100
Closed - Coffee (KC)

All times and dates mentioned above are in Cyprus Local Time (GMT +3).

Please be advised that due to low liquidity on market opening times and market holidays; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

Yours,
The Orbex Team

Memorial Day Holiday Schedule

Dear Trader,

Orbex would like to inform you about upcoming trading hour changes due to Memorial Day Holiday on May 27th ,2019.

We encourage you to pay attention to the following schedule:

Monday 27th May, 2019
Regular - Forex; Ger30
Early closure at 19:59 - XAU - XAG; US30 - SPX500 - NAS100 - UK100
Early closure at 19:44 - Crude oil (USOIL)
Closed - Coffee (KC)

All times and dates mentioned above are in Cyprus Local Time (GMT +3).

Please be advised that due to low liquidity on market opening times and holidays; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Yours,
The Orbex Team

Good Friday Holiday Schedule

Dear Trader,

Orbex would like to inform you about the upcoming trading hour changes due to Good Friday Holiday on April 19-22, 2019. 

We encourage you to pay attention to the following schedule: 

Friday 19 April, 2019
Regular - Forex
Closed - XAU - XAG, Crude Oil (USOIL), US30 - SPX500 - NAS100, GER30 - UK100, Coffee (KC)

Monday 22 April, 2019
Regular - Forex, XAU - XAG, Crude Oil (USOIL), US30 - SPX500 - NAS100
Closed - GER30 - UK
Late opening at 2:30 pm - Coffee (KC)

Early close at 32:00 for UK100 on Thursday 18 April,2019

All times and dates mentioned above are in Cyprus Local Time (GMT +3).

Please be advised that due to low liquidity on market opening times; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Yours,
The Orbex Team

Daylight Saving Time shift on Euro Zone 31/03/2019

Dear Trader,

Orbex would like to draw your attention that the Daylight Saving Time Shift on the Euro Zone will be on Sunday 31st of March, 2019.

We encourage you to pay attention to the following schedule:

Monday 1st April, 2019

Open at 00:05 - 23:59 - Forex
Open at 01:05 - 23:59 - XAU - XAG; GER30 - UK100
Monday Open at 01:05 - 23:59 - USOIL
Open at 01:05 - 23:15, reopened at 23:30 - 23:59 - US30 - SPX500 - NAS100

All times and dates mentioned above are in Cyprus Local Time (GMT +3).

Times and dates are subject to change without prior notice.

Yours,
The Orbex Team

US Daylight Saving Shift - 10 / 03 / 2019

US Daylight Saving Time Shift

Orbex would like to draw your attention that due to the US Daylight Saving Time on Sunday 10th of March, 2019; the market opening and closing time will be shifted by one hour earlier on all traded instruments during the period between 10th – 31st of March, 2019.

In this regard we will adjust the time offset of the server clock to be (GMT+3) on Sunday 10th of March, 2019.

We encourage you to pay attention to the following schedule:

Sunday March 10, 2019
Forex - Open at 23: 05-23: 00
Monday Open at 00: 05-23: 00 - XAU - XAG; USOIL
Monday Open at 00: 05-22: 15, opens at 22: 30-23: 00 - US30 - SPX500 - NAS100; GER30 - UK100

Friday 15th and 22th and 29th of March
Close at 23:00 - Forex; XAU - XAG; USOIL; US30 - SPX500 - NAS100
Close at 22:15 - GER30 - UK100

All times and dates mentioned above are in Cyprus Local Time (GMT +2).

*On Sunday 31st of March trading schedule will revert back to the normal trading hours.

Please be advised that due to low liquidity on market opening times; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

Yours,
The Orbex Team

Presidents Day Holiday

Dear Trader,

Orbex would like to inform you about upcoming trading hour changes due to President Day Holiday on February 18th, 2019. We encourage you to pay attention to the following schedule:

* Monday 18th February 2019

Regular - Forex

Early close at 19:55 - XAU - XAG, Crude oil (USOIL), US30 - SPX500 - NAS100, GER30 - UK100

Closed - Coffee (KC)

* Tuesday 19th February 2019

Regular - Forex, XAU - XAG, Crude Oil (USOIL), US30 - SPX500 - NAS100, GER30 - UK100, Coffee (KC)

All times and dates mentioned above are in Cyprus Local Time (GMT +2).

Please be advised that due to low liquidity on market opening times; the spreads for all or some pairs could be widened.

Times and dates are subject to change without prior notice.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Yours,
The Orbex Team

UK Parliament Brexit Vote 15 January 2019

Dear Valued Clients, Due to political instability and Brexit negotiations and its direct impact on the GBP pairs and EUR pairs , Orbex Ltd would like to inform their clients that margin on all GBP pairs and EUR pairs might be increased . All clients are kindly requested to ensure the availability of sufficient margin due to volatility with possibility of wider spreads and price gaps throughout this event to maintain their margin level. You are always welcome to contact your account manager or Orbex support, should you require additional help or information. Yours Orbex Team

Christmas and New Year Holiday schedule 24/12/2018 - 02/01/2019

Orbex would like to inform you about upcoming trading hour changes due to Christmas Day Holiday on December 24th - 27th, 2018. And the New Year Holiday on December 31st – 2nd January 2019. Market working hours during Christmas: * Monday, December 24, 2018 Regular - Forex Early closure at 14:45 - UK100 Early closure at 20:00 - XAU - XAG; Crude oil (USOIL); Coffee (KC) Early closure at 20:10 - US30 - SPX500 - NAS100 Closed - GER30 * Tuesday, December 25, 2018 - Closed * Wednesday December 26, 2018 Regular - Forex; XAU - XAG; Crude oil (USOIL); US30 - SPX500 - NAS100 Late opening at 3:05 pm - Coffee (KC) Closed - GER30; UK100 Market working hours during New Year: * Monday, December 31, 2018 Regular - Forex; XAU - XAG; Crude oil (USOIL); US30 - SPX500 - NAS100; Coffee (KC) Early closure at 14:45 - UK100 Closed - GER30 * Tuesday, January 1, 2019 - Closed * Wednesday January 2, 2019 - Regular Yours, The Orbex Team