Trading Update - 12/05/2022
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Important updates
and holiday schedule
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Be informed every day about the trading hours, holidays and maintenance schedule.
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Trading updates - 12 May 2022 edition
Temporarily reduced leverage on Cryptocurrencies
Dear traders, due to the recent turmoil in the crypto markets, and in order to limit potentially dangerous effects of liquidity issues or flash crashes, the leverage on Crypto CFD will be reduced to 1:3 for Standard Accounts and 1:1 for Swing accounts, starting from 00:05 am (GMT+3/CEST+1) on Saturday, 14 May 2022, until further notice.
This will result in higher margin requirements for newly opened positions and in higher margins deployed for existing positions, therefore manage your positions accordingly.
On Wednesday, 25 May 2022, NATGAS.f will roll its underlying futures contracts to the new contracts. In order to facilitate the process and protect the accounts from possible liquidity shortages and temporary price spikes, regardless of the account type (FTMO Challenge, Verification, or FTMO account), traders are required to close their positions on the symbol before 9:00 am on Wednesday, 25 May 2022. Trading will be enabled again at 10:05 am on the same day. Eventual positions left open after 9:00 am will be closed before 10:00 am at the prevailing market price.
All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
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 Donetsk, Luhansk, and Crimea 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.
Trading on RUB pairs (EUR/RUB and USD/RUB) is suspended from Thursday, 24 February 2022, 6:00 pm platform time (GMT+2 / CET +1) until further notice due to exposure risks and lack of liquidity. It will not be possible to open new positions.
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Symbol Specifications & Trading Hours
note: Weekend trading hours on Cryptocurrencies may vary on each platform due to weekly scheduled maintenance times. Please check the trading hours of the symbol in the platform you are using.
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Previous Trading Updates
VIEW ALL
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About FTMO
FTMO developed a 2-step Evaluation Process to find trading talents. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. How does it work?.