IC Markets recently unveiled some important adjustments to their trading schedule in light of the upcoming end of Daylight Savings Time (DST) in Australia, which is scheduled for Sunday, April 2, 2023.

As the DST period concludes, traders need to be aware of these changes in the trading schedule. These alterations primarily impact the trading hours for specific instruments on IC Markets' MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms.

Daylight Saving Time is a practice of moving the clock forward by an hour during the warmer months, essentially reducing the day to 23 hours. The DST period typically ends at 2 a.m. on the first Sunday of April when clocks are turned back by one hour.

It's worth noting that Daylight Saving Time is observed in several Australian regions, including New South Wales, Victoria, South Australia, Tasmania, the Australian Capital Territory, and Norfolk Island. However, it is not observed in areas like Queensland, Northern Territory, Western Australia, Christmas Island, and the Cocos (Keeling) Islands.

Traders should be aware that these time zone adjustments can potentially affect trading tools such as EAs (Expert Advisors), custom indicators, and other trading-related instruments. As such, some traders may need to make necessary adjustments to their trading time settings to ensure a smooth transition as DST ends.

While these changes may impact the trading hours of specific instruments, the majority of IC Markets' currencies and commodities will remain unaffected by the Australian DST changes. To provide clarity and support for their traders during this transition, IC Markets has prepared updated trading schedules for their MT4/MT5 and cTrader platforms, which will align with the GMT+3 time zone.

See Also: IC Markets Review