Can I place a trade when the market is closed? Client Service Team 29 July 2021 02:39 Updated No. You cannot open, modify or close trades when the market is closed. Related articles What is Over The Counter (OTC) trading? What’s the difference between a Pip, Tick and Point? What times can I trade? How do I close a trade on the MT4 iPhone app? Can I hold positions over the weekend and major holidays?