Best Weekend Trading Brokers
For serious traders, the weekend is not the time to take a break. They simply see it as more time and opportunity to make money. While many traders might be interested in trading over the weekend, some brokers simply do not support weekend trading. Such brokers may prevent traders from placing some potentially profitable orders. Luckily, there are reputable brokers in the market who keep their businesses open for traders over the weekend. Today, we are going to look at some of the best weekend trading brokers in the market.
eToro is one of the most well-known forex and CFDs brokers in the world today. On this broker site, clients can trade CFDs on forex, cryptocurrencies, ETFs, and Indices. Clients can also purchase real stocks and cryptocurrencies. Interestingly, cryptocurrency trading is open 24/7 on eToro. You can comfortably trade cryptocurrencies over the weekend on this broker site. For forex traders on eToro, trading is open 24 hours a day, 5 days a week. This market has daily and weekend breaks that people can check on the market hours page (on the homepage click on the top menu on "Trading" and choose "Market Hours and Events"). Additionally, the stock market, commodities, and indices markets are closed during the weekend. However, some of these markets are open for a few hours during the weekend depending on the region a client is trading from.
For example, for UK traders, the Tadawul Saudi Arabia stock market is available from Sunday at 8.00 P.M. On the other hand, the Australian Stock Exchange, the Hong Kong Stock Exchange, and the Tadawul Saudi Arabia stock market are available at different hours on Sundays for clients in the Eastern USA region. In Australia, most global stock markets are open for trading for a few hours on Saturdays. Finally, let’s look at the regulatory status of eToro. Notably, its regulatory status is one of the best in the world. The company’s activities are overseen and regulated by the FCA, the CySEC, the ASIC, FINRA, and the SEC.
76% of retail CFD accounts lose money
There are many trading instruments clients can invest in on Forex.com. These include CFDs on forex, indices, stocks, commodities, precious metals, and cryptocurrencies. Unfortunately, not all these assets are available for trading all week through. Most of these markets are only open to trade for five days a week and are closed on the weekend. However, the cryptocurrency market on Forex.com is open to trade for 24 hours, 7 days a week. You can comfortably trade crypto CFDs on five of the most popular crypto assets in the market. These include Bitcoin, Bitcoin Cash, Litecoin, XRP, and Ethereum.
Additionally, there are markets that are open for trading for a few hours on Sunday. For example, the forex market is open from Sunday 5.00 PM ET through Friday 5.00 PM ET. Additionally, the Spot gold and Silver market is from 6.00 PM ET Sunday through 5.00 PM ET Friday. Further, Forex.com is a regulated broker with a good reputation in the market. It is regulated by the CySEC, the NFA, the IIROC, and the ASIC. These are all top-tier regulators and it is refreshing to know this broker operates under their supervision.
81% of retail investor accounts lose money when trading CFDs with this provider.
AvaTrade is a regulated broker that launched its services in 2006. This broker allows investors to trade CFDs on forex, stocks, indices, commodities, cryptocurrencies, ETFs, and bonds. Among these assets, cryptocurrencies are open for trading all through the week, including on weekends. The other markets are only for 5 days a week.
However, the opening hours of the forex market allow investors to trade currency pairs for a few hours on Sundays. This is because the forex market on AvaTrade opens on Sunday at 10.00 PM GMT and closes on Friday at 10.00 PM GMT. Clients on AvaTrade have access to some of the best trading platforms in the market. These include MetaTrader 4, MetaTrader 5, ZuluTrade, and DupliTrader. AvaTrade is one of the best MT5 crypto brokers in the market today. Finally, AvaTrade is regulated in multiple jurisdictions, a characteristic of top brokers in the market. The company’s activities are under the supervision of the Central Bank of Ireland, the ASIC, the FSCA, and the BVIFSC.
76% of retail CFD accounts lose money
IQ Option is one of the world’s fastest-growing forex and CFDs brokers. Today, IQ Option is one of the biggest forex brokers with over 45 million registered users. With this broker, clients can trade a variety of instruments including Binary Options and CFDs on forex, cryptocurrencies, stocks, commodities, indices, and ETFs. Please note that Binary Options are not available for clients based in the European Economic Area. Nonetheless, there are two asset classes that investors can trade throughout the week, including on weekends. With this broker, clients can trade CFDs on cryptocurrencies throughout the week, including on weekends. Additionally, clients outside EEA can trade Binary Options over the weekend. Unfortunately, the other markets are not open for trading over the weekend.
The platform available for trading on this broker site is the in-house-built IQ Option platform. The platform is fast, powerful and intuitive enough for beginner traders. Additionally, the platform comes packed with a variety of indicators that can be used for analysis. Finally, IQ Option is regulated by the Cyprus Securities and Exchange Commission, based in Cyprus, under license number 247/14. The CySEC is one of the best regulators in the market today, which elevates the reputation of IQ Option among traders.
On Libertex, clients can trade cryptocurrency assets throughout the week, including the weekends. There are more than 25 different crypto assets clients can trade on this broker site. Some of the most popular cryptocurrencies to trade here include Bitcoin, Ethereum, EOS, Cardano, and XRP. While the other markets are closed on weekends, the cryptocurrency market on this broker site is open and allows clients to continue making money.
There is a great collection of industry-standard trading platforms on Libertex. These include Libertex Trader, MetaTrader 4, and MetaTrader 5. This broker also supports one of the best analytical tools in the industry, Trading Central. Finally, Libertex is regulated by one of Europe’s top regulators, the CySEC. This opens up an opportunity for Libertex to operate in many jurisdictions within Europe.
XM is also one of the brokers that trade cryptocurrencies over the weekend (in countries outside the EEA region). Clients can trade CFDs on popular cryptocurrencies such as Bitcoin, Cardano, XRP, Ethereum, Solana, Litecoin and Chainlink among others. However, just like eToro, XM only allows forex trading for 24 hours, five days a week, closing trading on weekends. Nonetheless, clients enjoy competitive spreads when trading crypto on XM. The spreads can fall to 0.6 depending on the crypto asset you are trading.
XM is a regulated broker in multiple jurisdictions. These include the UK by the FCA, Cyprus by the CySEC, Australia by the ASIC, and Belize by the IFSC. Note that regulations alone are not enough to legitimize a company. A broker still has to demonstrate a long history of following the rule of law. Luckily, XM has both of these ingredients, which fits our criteria for tier 1 brokers in the market.
XTB launched its online brokerage services in 2004 and quickly attracted thousands of investors. Today, the company offers some of the tightest spreads in the market and access to a cutting-edge trading platform. Additionally, the company allows clients to invest in a variety of markets including the crypto market. Here, investors can trade crypto CFDs for 49 different crypto assets. Some of the top crypto assets to invest in include Bitcoin, AAVE, Cardano, Binance Coin, Chainlink, Ethereum, EOS and Kusama. Clients can trade these crypto assets all through the week, including on weekends.XTB has regulations from four major regulatory bodies. These include CySEC in Cyprus, KNF in Poland, FCA in the UK and the IFSC in Belize. While regulation is not enough, this company continues to demonstrate professionalism in the market.
78% of retail investor accounts lose money when trading CFDs with this provider.
IG is one of the brokers that actually allows investors to trade a few forex pairs over the weekend. Over the weekend, clients can trade three main currency pairs which include GBPUSD, EURUSD, and USDJPY. The weekend trading hours for these currency pairs open on Saturday at 3.00 PM and close on Monday at 3.40 AM (UK Time). Notably, the weekend markets on GBPUSD, EURUSD, and USDJPY are separate from their weekday equivalents. You will find these currency pairs with the name Weekend preceding the currency pair. This allows investors to speculate on market developments over the weekend without having to alter an existing weekday position.
Additionally, you can trade indices over the weekend with IG. Just like Forex, your weekend positions on Indices will be separate from their weekday counterparts. The weekend indices also have Weekend preceding the symbol of the index. Weekend trading hours on indices are from Saturday 4.00 AM to Sunday 10.40 PM (UK Time). Finally, clients can trade cryptocurrencies all through the weekend, including on weekends as this market is open 24/7. The good thing about this broker site is that it is a regulated entity. The company is regulated by the FCA in the UK, the ASIC in Australia, and BaFin in Germany.
Closing Remarks on Best Weekend Trading Brokers
Most financial markets are only open for five days a week and closed on weekends. This is because banks and institutional brokers are closed on weekends. The forex market is especially hard to access during the weekend on any broker site. However, some brokers do open their forex markets early on Sundays, allowing clients to trade for a few hours on weekends. Nonetheless, clients who want to stay active during the weekend can invest in assets like cryptocurrencies whose markets stay open throughout the week without breaks. The choice of an investor comes down to market hours and trading conditions provided by the broker of their choice.