AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 31 Oct 2024
Times hereafter are expressed as native Metatrader server time. For the period till 3 Nov 2024, it is GMT+3. From 3 Nov 2024 (inclusive), it will be GMT+2.
Maintenance
ALL Platforms: Please be advised that scheduled maintenance will occur on all trading platforms as follows:
- Saturday, 2 Nov 2024: Maintenance will commence at 08:00 and conclude by 20:00.
- Sunday, 3 Nov 2024: Maintenance will again be conducted from 07:00 to 11:00.
During maintenance periods, trading on the specified platform(s) is disabled, and the platform(s) itself may be fully inaccessible.
Daylight Saving Time change in the USA on 3rd November
From Sunday, 3 Nov 2024, the USA will no longer observe the Summer Time. Due to the DST time change, the trade hours for European stocks (Equities II) and the Spanish index (SPN35.cash) will be shifted one hour backwards in MT4 and MT5 platforms, so for example, AIRF will have trade hours 10:05–18:30 instead of the current 11:05–19:30.
These changes affect the following Instruments:
- AIRF
- ALVG
- BAYGn
- DBKGn
- IBE
- LVMH
- VOWG_p
- SPN35.cash
On cTrader and DXtrade platforms, trade hours are displayed according to your chosen timezone setting. The listed symbols follow European time.
Please be mindful that Max Daily Loss is monitored based on Prague’s time and the daily drawdown resets at midnight. Starting on 3 Nov 2024, the offset between Prague’s (CET) and the MetaTrader’s (GMT+2) times will return to 1 hour as usual. Please make sure to take this into account to prevent any accidental breach of Max Daily Loss due to this change. 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.
The 2024 United States presidential election
The 2024 United States presidential election will be held on Tuesday, 5 Nov 2024. Markets typically respond with decreased liquidity and increased volatility around the election period.
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.
