If you've seen the message "Close Only" when trying to trade an instrument, it's not an error. Here’s what it means, why it happens, and how to recognize when it’s active.
What is close only mode?
Close Only means:
You can’t open new trades for a specific instrument at that moment
But you can still close any trades you already have open with that asset
This mode is activated temporarily to protect both you and the company during unstable market conditions.
A simple example: the ship in the storm
Imagine the financial market is a vast ocean.
Forex Club is a strong, reliable ship sailing on it.
You and other traders are passengers, all heading to an island called Profits.
Now, if a storm hits (like a financial crisis), the crew won’t allow new passengers to board — but will still let current ones leave safely if needed.
That’s exactly what Close Only mode does: it ensures your safety during market turbulence.
How do you know if an instrument is in close only mode?
If you:
Have enough funds
Are trading within the active trading hours
But still can’t open a position
… then the instrument is likely in Close Only mode.
You can check each asset’s trading hours in the Instrument Specifications section of the platform.
Still unsure? Just contact us — we’ll be happy to confirm it for you.
When is close only mode activated?
This mode is usually enabled during high-risk or unstable periods in the market. Examples include:
The Swiss Franc crisis in 2015
Brexit
Major earnings or financial report releases
Global events affecting market volatility
In all these cases, the goal is clear: to protect your funds and the platform’s stability.
Summary
Close Only mode blocks new trades, but lets you close current positions
It's a safety measure for times of market uncertainty
Check the Instrument Specifications to confirm availability
It’s temporary and only used when absolutely necessary