AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 5 Sep 2024
All times hereafter are expressed in the MetaTrader platform time – GMT+3 (CEST+1).
Weekend maintenance
MT4 and MT5:
MT4 and MT5 trading platforms will undergo scheduled maintenance on Saturday, 7th Sep 2024, from 08:00 to 12:00. During this time, trading will be disabled and the platforms may be fully inaccessible.
cTrader:
cTrader will undergo longer maintenance on Saturday, 7th Sep 2024, from 09:00 to 18:00. During this time, trading will be disabled and the platform may be fully inaccessible.
Listing of N25.cash and margin requirement adjustments on HK50.cash, SPN35.cash and US2000.cash:
Based on large interest and traded volumes in stock indices, we will be adding the Netherlands Stock Market Index under the symbol name N25.cash. The symbol will be listed this weekend, the 7th/8th of September, and will be initially available only for Free Trial accounts running on our MT4 and MT5. Providing all goes according to plan, we will be adding the symbol to all platforms and servers during the next weekend.
Additionally, margin requirements for the HK50.cash, US2000.cash, and SPN35.cash symbols will be increased. The effective leverage for these symbols will be adjusted to 1:30 on Standard accounts and 1:9 on Swing accounts.
As with some of the previous changes we have made recently, this change of effective leverage is done as part of consumer protection efforts and to align our product further with the recent trends and possible future regulatory needs in some parts of the world. To clarify further, our services are not within regulatory scope, however, as we strive to align our services with how actual financial markets work, we wish to create an environment which reflects the trends in the regulatory environment of financial markets around the world.
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.
