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You are here: Forex Broker CashBack » Latest Broker News » October 2014

Forex Broker News for October 2014

You can find and read the latest news and press releases from all of our partner brokers here.

Daylight Savings time changes

Thursday 30th of October 2014

Please be advised that Daylight Savings Time ends in the USA on the 2nd of November 2014. Therefore, the GMT offset of the FXCC MetaTrader4 Server will be changed accordingly, to GMT+2.

This may require you to adjust your Expert Advisors or Indicators to the new time zone.

Server Time Changing to GMT + 2

Thursday 30th of October 2014

On Sunday the 2nd of November, 2014 IC Markets Metatrader 4 and cTrader server times will move backwards by one hour from GMT + 3 to GMT + 2.

This change is to reflect the US Eastern Standard Time change taking place on the 2nd of November, 2014

IC Markets cTrader and Metatrader 4 server times are based on "5 pm New York". As the time in the US will move back by one hour IC Markets server times will also move backwards to reflect the change.

How does this change effect you?

The time in the market watch window will now be set at GMT + 2, depending on your time zone you may also notice the market open one hour later on Monday. The charts will still show an opening time of 0:00 platform time. Some EA's may using a GMT offset may also be affected by this change, you should make the necessary adjustments to the GMT offset in your EA settings prior to the 2nd of November.

The GMT offset explained

The market will close on Friday the 31st of October at 21:00 GMT, 00:00 platform time. New trading hours will start from November 2nd 2014, these are listed below.

Market Open

FX Trading Open: 17:00 EST / 22:00 GMT (2 Nov) Sunday evening - 00:00 Platform time Monday morning
Bullion Trading Open: 18:00 EST / 23:00 GMT (2 Nov) Sunday evening - 01:00 Platform time Monday morning


Market Close

FX Trading Close: 17:00 EST / 22:00 GMT (7 Nov) Friday evening - 00:00 Platform time Saturday morning
Bullion Trading Close: 17:00 EST / 22:00 GMT (7 Nov) Friday evening - 00:00 Platform time Saturday morning

MT4 Server Time changing to GMT+2

Thursday 30th of October 2014

On Sunday the 2nd of November 2014, the Pepperstone MT4 Server time will move one hour backwards to GMT +2 hours.

Pepperstone bases MT4 Server time on "5pm New York", the internationally recognised end-of-day in the forex markets. US Daylight Saving Time will finish this Sunday the 2nd of November 2014. With the US turning clocks one hour backwards the Pepperstone MT4 Server Time will also move one hour backwards.

How does this affect me?

The only noticeable change that you will experience is that the Market Watch time in MT4 will now be set at GMT+2. This might not affect your trading at all - however, depending on your timezone, this may cause the market to open hour later on Monday. The MT4 server time will still open at 0:00 on the charts.

What action must I take?

If you are using an EA with a GMT offset setting, then you must change the GMT offset to +2 prior to the market open on 2nd of November.

If you do not use an EA with a GMT offset, no action is necessary.

FinFX would like to inform you that this Sunday, on 26th of October 2014, Daylight Saving Time will end in Europe at 01:00 GMT.

The US DST change will follow one week later as it will end on Sunday, 2nd of November at 02:00 (Local time).

How do these DST changes affect the Trading Hours?

FX Pairs

Starting from Sunday 26th of October, EOD (End of Day), when our Liquidity Providers reset their feeds, is one hour earlier on the trading servers at 21:00 GMT. Thus, on Sunday, 26th October, FX trading opens at 21:00 GMT.

Also, on Friday, 31st of October, trading closes at 21:00 GMT.

However, on Sunday 2nd of November (after the US DST change) markets open normally at 22:00 GMT and also close normally at 22:00 GMT on Friday, 7th of November.

Precious Metals

Gold (XAU/USD) and Silver (XAG/USD) feeds open at 22:00 GMT on Sunday 26th of October and close at 21:00 GMT on Friday, 31st of October.

On Sunday, 2nd of November (after the US DST change) Gold and Silver open at 23:00 GMT and close normally at 22:00 GMT on Friday, 7th of November.

FBS are glad to inform you that they have connected an electronic payment system SafeСharge! Payments in USD and EUR through SafeСharge are available any time and are processed instantly.

Exclusively for their traders, commission on deposit via SafeСharge is cancelled fully - all fees are reimbursed by FBS!

FBS is committed to make your work with them as convenient and profitable as possible. They keep improving trading conditions, widening your possibilities and implementing new services.

With FBS, the most practical and reliable payment methods are always at your disposal!

Important Notification

Thursday 23rd of October 2014

XM would like to inform you that due to the seasonal change in Daylight Savings Time in Europe on the weekend of 25th October and in the United States on the weekend of November 1st, the trading hours of various instruments will be affected between October 26th and October 31st. The normal trading hours will be resumed from there onwards.

Please review the table below to see which instruments will be affected and how:

XM daylight saving time changes

Note that all times displayed are GMT +2.

A gentle notice regarding the end of DST in Cyprus as of 26th Oct, 2014; the market will open and close 1 hour (One Hour) earlier Cyprus time for all products traded with ORBEX for the period of 26th Oct, 2014 till 02nd Nov, 2014.

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