AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 26 Sep 2024
All times hereafter are expressed in the MetaTrader platform time – GMT+3 (CEST+1).
Weekend maintenance
All Platforms: There will be dual maintenance on Saturday, 28 Sep 2024 between 01:00 and 03:00 and 13:00 to 18:00. During this time, trading will be disabled and the platforms may be fully inaccessible.
Golden Week Holiday
Due to the Chinese Golden Week holiday, HK50.cash will have changes in trade hours.
Monday, 30 Sep 2024: HK50.cash will have an early close at 22:00
Tuesday, 1 Oct 2024: HK50.cash will be closed for the whole day
Wednesday, 2 Oct 2024: HK50.cash will have a late opening at 04:20
PIP value change for cTrader and DXtrade non-FX symbols:
Non-forex symbols do not have a unified definition of PIP (percentage in point). PIPs are used by DXtrade and cTrader to display certain values (such as distance to Stop-Loss) and since we often get questions on this topic, we have decided to adopt a uniform convention for non-forex symbols, which will be 1 whole unit of profit currency of the symbol. Therefore, for all non-fx symbols, a price movement of 1.00 will equal 1 PIP.
As some examples, 1 PIP for US30.cash, XAUUSD, BTCUSD, USOIL.cash or NFLX will be price movement of 1.00 USD. For GER40.cash, it will be 1.00 EUR, for AUS200.cash, it will be 1 AUD and so on.
This change is more or less cosmetic and aims to make the platform more intuitive and easy to navigate. If you are using any automated trading system, please note that this may affect it and might need adjustment. Note that we can’t offer assistance with tailoring your Expert advisors or algo systems. The change will be applied on Saturday, 28th Sep 2024.
Mandatory closure of positions in agriculture commodity’s CFDs, V (Visa), XPDUSD and XPTUSD:
Please be aware that we require all accounts not to have any open positions in the bellow-listed symbols after their respective market closures on Friday, 27th Sep 2024. Any positions left open after the market closure (that need to be closed to facilitate the changes) will be closed by our team.
This closure is required to facilitate the following changes, which will be applied on Saturday, 28th Sep 2024:
- Increase in contract size for XPDUSD and XPTUSD: Currently, these symbols have contract size 1, which is not in accordance with a common market convention, therefore, the contract size will be increased to 100 (it will be the same as XAUUSD).
- Increase in minimal position size and volume step on V (Visa) COCOA.c, COFEE.c, SOYBEAN.c, WHEAT.c and CORN.c: The minimum position size and volume step will be increased from 0.1 to 1.00
Overnight rollover swaps are subject to regular changes and adjustments, reflecting, among other things, interest rate differentials and dividend adjustments. If you are holding positions overnight, please be reminded that it is your responsibility to check these swaps in the contract specification for each symbol, and to adjust (if needed) and manage your positions accordingly. FTMO is not responsible for trading results affected by swap changes or adjustments.
The situation in Ukraine - geopolitical development, sanctions, and markets
Due to the war in Ukraine, traders can experience increased uncertainty in the markets, accompanied by increased volatility on many assets, along with the possibility of price spikes, whipsaws, flash crashes, spread widening and liquidity supply issues. Traders are advised to pay extra caution while trading during these times. Risk management and capital preservation should be the key focus of every trader, just as being aware and adaptive to the market conditions that might be unpredictable or risky.
Unfortunately, at this time, we are not allowed to process payments to regions of Crimea, Sevastopol, Donetsk, Kherson, Luhansk, and Zaporizhzhia in Ukraine and our clients from there, as per the latest sanctions imposed in connection with the war in Ukraine. There are also sanctions targeting some Russian banks and high-profile individuals. We are not allowed to process any payouts to clients and banks on the sanction list. Payouts to our clients from/in the subject locations, or being subject to the sanctions list, will be possible once the imposed sanctions are lifted. Crypto payouts are included in the restrictions.
