Trading Update – 16 May 2024

All times hereafter are expressed in the MetaTrader platform time – GMT+3 (CEST+1).

Weekend Maintenance

Apart from the standard weekend maintenance on cTrader (Saturday 20:00 – 23:59), MT4 and MT5 platforms will also undergo maintenance from 18:00 on Saturday, 18 May 2024, until 02:00 on Sunday, 19 May 2024.

Additionally, the DXtrade platform will not be available due to maintenance on Saturday, 18 May 2024, between 09:00 and 11:00.

Memorial Day

Due to Memorial Day, there will be an adjustment to the trading hours. These changes to the trading hours are outlined below:

On Friday, 24 May 2024:

• UK100.cash will close early at 23:00.

On Monday, 27 May 2024:

• Agricultures (COCOA.c, COFFEE.c, CORN.c, SOYBEAN.c and WHEAT.c), US Equities and UK100.cash will be closed.
• HK50.cash will close early at 11:30.
• US30.cash, US100.cash, US500.cash, US2000.cash, and JP225.cash will close early at 20:00.
• GER40.cash will close early at 23:00.
• Metals (XAU, XAG, XPT and XPD) and USOIL.cash will close early at 21:30.
• UKOIL.cash will close early at 20:30.

On Tuesday, 28 May 2024:

• HK50.cash will open late at 04:20.
• UK100.cash will open late at 03:05.

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.

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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.

All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. FTMO only provides services of simulated trading and educational tools for traders.