Can I place a trade when the market is closed? Axi Client Services March 15, 2023 07:37 Updated No. You cannot open, modify or close trades when the market is closed. Related articles What’s the difference between a Pip, Tick and Point? What are the trading hours for Forex pairs and CFDs? Can I trade at any time? What is Over The Counter (OTC) trading? Can I hold positions over the weekend and major holidays? Do you prohibit any trading styles?