Does Exness Work on Weekends? Look Answer

When it comes to trading with Exness, understanding the platform’s availability during the weekend is an essential consideration for both new and experienced traders. The global forex market operates within specific hours, and knowing when you can or cannot trade is key to planning your trading strategy effectively.

For traders in Nigeria, who are often juggling their trading activities around local time zones and the demands of a 24-hour global market, the question of whether Exness works on weekends is particularly relevant. While most financial markets close during the weekend, traders may wonder if there are any exceptions or opportunities for weekend trading.

Exness Trading Hours Overview

Exness, as a global forex broker, adheres to the typical trading hours of the forex market. Understanding these hours is crucial for effective trading, especially since the forex market is decentralized and operates across different time zones worldwide. Here’s a breakdown of Exness trading hours and how they align with the forex market:

Global Forex Market Hours

The forex market operates 24 hours a day, five days a week. This is due to the market’s decentralized nature, with trading sessions occurring in different financial hubs across the globe. The four primary trading sessions are:

Sydney Session (Asia-Pacific): Starts at 10:00 PM (UTC) on Sunday.
Tokyo Session (Asia): Starts at 12:00 AM (UTC) on Monday.
London Session (European): Starts at 8:00 AM (UTC).
New York Session (North American): Starts at 1:00 PM (UTC).

The market closes at 5:00 PM (UTC) on Friday, which marks the end of the trading week.

Exness Trading Hours for Clients in Nigeria

Since Exness operates based on the global forex schedule, the trading hours for Nigerian clients are as follows:

Market Opens on Sunday: The forex market opens at 10:00 PM (Nigerian Time, UTC+1) when the Sydney session starts. This is when you can begin placing trades or managing open positions for the week.
Market Closes on Friday: Trading closes at 10:00 PM (Nigerian Time, UTC+1) on Friday when the New York session ends. At this time, all open positions must be closed before the weekend market closure.

Weekend Market Closure

Saturday and Sunday: The forex market is closed over the weekend, from 10:00 PM on Friday (UTC+1) until 10:00 PM on Sunday (UTC+1). During this time, traders cannot place new orders or manage their existing positions on the Exness platform.
Exness Account Services on Weekends: While trading is unavailable, Exness still allows for certain services like deposits. However, withdrawals are typically processed on business days (Monday to Friday).

Exness Asset-Specific Trading Hours

While the general forex market follows the same opening and closing times, certain assets may have different trading hours. These include:

Cryptocurrencies: The crypto market operates 24/7, so if you trade cryptocurrencies with Exness, you can do so at any time, including weekends.

Commodities and Indices: These instruments follow the global trading hours of the stock exchanges they are linked to. For instance, oil trades according to the New York Mercantile Exchange (NYMEX), which follows different hours from forex.

Exness Server Time

Exness uses Server Time (GMT+0) for executing trades and timestamps, which might slightly differ from the time zone of Nigerian traders (UTC+1). Be mindful of this difference when placing orders or checking your trade history.

How to Check Exness Trading Hours for Specific Assets

To ensure that you’re trading within the correct time frame, Exness provides a detailed breakdown of trading hours for all instruments directly on its platform. You can also check asset-specific hours by:

Visiting the Exness trading platform.
Checking the Exness Trading Conditions page for specific assets.
Using the Market Hours Calendar available on the Exness website.

Weekend Trading Availability

While Exness generally closes the major trading instruments like forex for the weekend, there are exceptions and some flexibility:

Forex Market Closure: Exness’s main trading platform, including MT4 and MT5, will not allow forex trades over the weekend. Forex markets open again on Sunday at 11:00 PM (GMT), but until then, no live trades are possible.

How to Check Exness Trading Hours for Specific Assets

Other Markets and Instruments: Depending on the asset, some instruments may remain accessible during weekends. For instance, cryptocurrencies are traded 24/7, and Exness allows trading these instruments even on weekends. If you’re interested in non-forex markets, you can still place trades in certain instruments during this time.

Does Exness Provide Support on Weekends?

Yes, Exness offers customer support during weekends. If you’re trading during the weekend or need assistance with your account, you can reach out to their support team. However, you may experience slightly slower response times compared to weekdays.

Customer Service Availability:
Exness offers round-the-clock support during the week and limited support during the weekend. The support is available via live chat, email, and phone.

What Traders in Nigeria Need to Know

Traders in Nigeria, like those elsewhere, are subject to the global forex market’s hours, meaning no trading is possible during the weekend for most assets. Additionally, time zone differences (Nigeria operates on West Africa Time, WAT) may require Nigerian traders to adjust their schedules to the forex market’s opening times.

Time Zone Consideration:
Given Nigeria’s time zone (WAT, UTC +1), the forex market will open at 11:00 PM (GMT) on Sunday, which is 1:00 AM (WAT) on Monday. Traders in Nigeria need to consider this time difference to plan when to execute trades.

Does Exness Allow Weekend Deposits or Withdrawals?

Even though Exness does not allow weekend trading, there are still some services that users can access during the weekend.

Deposits on Weekends: You can make deposits into your Exness account at any time, including weekends. The deposit method may vary based on your selected option (bank transfer, e-wallet, etc.). However, it’s essential to note that the actual processing time may depend on the method used. Some e-wallets and payment processors may process deposits instantly, while bank transfers might take longer.
Withdrawals on Weekends: Withdrawals are typically processed during Exness’s working hours, which are Monday to Friday. If you request a withdrawal over the weekend, it will usually be processed on the next available business day, which is Monday.

Customer Support on Weekends

Exness values customer support and ensures that its clients can get assistance even outside of regular trading hours.

Support Availability: Exness customer support is available 24/7, including weekends. So, even though you cannot trade on weekends, you can still reach out to Exness’s support team for assistance with any account issues, inquiries, or technical problems.

Contact Methods: Exness provides several ways to get in touch with customer service:

Live chat: Available 24/7 for immediate assistance.
Email support: You can send emails and expect replies within a few hours, depending on the request.
Phone support: Available during business hours.

Conclusion

Exness, like most forex brokers, does not allow active forex trading over the weekend. The forex market shuts down on Friday evening and reopens on Sunday night. However, Exness still offers weekend opportunities for trading certain instruments like cryptocurrencies, and their customer support is available to assist you.

For Nigerian traders, understanding the market hours and planning your trades accordingly is crucial to making the most out of your trading time with Exness. While weekends are quiet for most trading activities, there are other ways to prepare and stay ahead of the market.