AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 24 Oct 2024
All times hereafter are expressed in the MetaTrader platform time – GMT+3 (CEST+1).
Maintenance
There is no maintenance scheduled for this weekend.
Daylight Saving Time change in Europe on 27th October
From Sunday, 27th of October 2024, Europe will no longer observe the Summer Time. Relevant to FTMO, the decisive timezone relevant to Max Daily Loss resets – Central European Summer Time (CEST) will change to Central European Time (CET). This change occurs in Prague exactly at 03:00 CEST. At that moment, it changes to 02:00 CET.
Due to the DST time change, on 28 Oct 2024, the trade hours for European stocks (Equities II) and the Spanish index (SPN35.cash) will be shifted one hour ahead in MT4 and MT5 platforms, so for example, AIRF will have trade hours 11:05–19:30 instead of the current 10:05–18:30.
These changes affect the following Instruments:
- AIRF
- ALVG
- BAYGn
- DBKGn
- IBE
- LVMH
- VOWG_p
- SPN35.cash
cTrader and DXtrade platforms display trade hours as per the chosen timezone, so the hours will be displayed to you depending on which zone you have chosen. The above-listed symbols’ trade hours follow the European time.
These changed trade hours will be applicable during the week between 28 Oct 2024 and 3 Nov 2024. Since the US will be adjusting its DST time on 3 Nov 2024, the market opening times for these symbols will revert to their original opening times on 3 Nov 2024. For example, AIRF will once again have trade hours in MT4 and MT5 between 10:05–18:30.
Please be mindful that Max Daily Loss is monitored based on Prague’s time and the daily drawdown resets at midnight. During the week between 28 Oct 2024 and 3 Nov 2024, the offset between Prague’s midnight and the MetaTrader’s midnight will be 2 hours instead of the usual 1 hour. Please make sure to take this into account to prevent any accidental breach of Max Daily Loss due to this time offset. If you are unsure when exactly the Max Daily Loss resets, you can go to your Account MetriX and hover with your mouse cursor over Today’s permitted loss. The tooltip has a countdown to the reset. Alternatively, you can contact us on live chat for further assistance.
Listing of NATGAS.cash:
As announced last week, NATGAS.cash has been listed for Free Trial accounts on the MT4 and MT5 platforms. The symbol will have a further testing period and will not be listed for the paid accounts (FTMO Challenge, Verifications, and FTMO Accounts) during the next weekend. The likely listing date is 10 Nov 2024 and it will be confirmed accordingly during the next weeks.
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.
