What does it mean if one of my trades is in Close Only mode?
As the name suggests, "Close Only" mode means you're only allowed to close the position in question. Let's suppose Apple is currently in Close Only mode. In this case, you aren't able to open new trades for this instrument, but you can close any current positions you're holding.
How do I know if an instrument is in Close Only mode?
Every instrument is only available to trade during specific hours, i.e., the trading session. You can find out the trading times for every single instrument in Instrument Specifications. to be replaced with this: "Every underlying asset is available to trade during specific hours, i.e., the trading session.
You can find out the trading times on the Company's website Specifications." -> not relevant with "Close Only" mode If you have sufficient available funds and are in the trading session but the position won't open, the most likely reason is that the instrument is in Close Only mode.
For any further queries you can contact us directly by clicking here.
When might Close Only mode be activated?
This mode may typically be activated during times of extreme market volatility. Such circumstances might include Brexit, the Swiss franc volatility and corporate reporting, for example. Close Only mode is also introduced in the event of share splits, such as those performed by Apple and Tesla in August 2020. Once the split has been completed, Close Only mode is lifted.
As the name suggests, "Close Only" mode means you're only allowed to close the position in question. Let's suppose Apple is currently in Close Only mode. In this case, you aren't able to open new trades for this instrument, but you can close any current positions you're holding.
How do I know if an instrument is in Close Only mode?
Every instrument is only available to trade during specific hours, i.e., the trading session. You can find out the trading times for every single instrument in Instrument Specifications. to be replaced with this: "Every underlying asset is available to trade during specific hours, i.e., the trading session.
You can find out the trading times on the Company's website Specifications." -> not relevant with "Close Only" mode If you have sufficient available funds and are in the trading session but the position won't open, the most likely reason is that the instrument is in Close Only mode.
For any further queries you can contact us directly by clicking here.
When might Close Only mode be activated?
This mode may typically be activated during times of extreme market volatility. Such circumstances might include Brexit, the Swiss franc volatility and corporate reporting, for example. Close Only mode is also introduced in the event of share splits, such as those performed by Apple and Tesla in August 2020. Once the split has been completed, Close Only mode is lifted.