Trading Update – 23 Nov 2023

All times hereafter are expressed in the MetaTrader platform time GMT+2 (CET+1).

Due to the Thanksgiving observed on Thursday, 23 November 2023, the following instruments will be impacted as indicated below.

On Thursday, 23 November 2023:

• US Indices (US30.cash, US100.cash, US500.cash, US2000.cash) and JP225.cash will close early at 8:00 pm;
• AUS200.cash, EU50.cash, FRA40.cash, GER40.cash, and UK100.cash will close early at 11:00 pm;
• Metals (XAU – Gold, XAG – Silver, XPT – Platinum, XPD – Palladium) will close early at 9:30 pm;
• US Shares will be closed all day;
• HK50.cash will close early at 9:00 pm;
• USOIL.cash will close early at 9:30 pm;
• UKOIL.cash will close early at 8:30 pm;
• NATGAS.f will close early at 9:30 pm;
• USTN10.f will close early at 8:00 pm;
• COCOA.c, COFFEE.c, CORN.c, SOYBEAN.c, and WHEAT.c will be closed all day.

on Friday, 24 November 2023:

• US Indices (US30.cash, US100.cash, US500.cash, US2000.cash) and JP225.cash will close early at 8:15 pm;
• AUS200.cash, EU50.cash, FRA40.cash, and UK100.cash will close early at 11:00 pm;
• Metals (XAU – Gold, XAG – Silver, XPT – Platinum, XPD – Palladium) will close early at 8:45 pm;
• US Shares will close early at 8:00 pm;
• HK50.cash will close early at 9:00 pm;
• USOIL.cash will close early at 8:45 pm;
• UKOIL.cash will close early at 10:00 pm;
• NATGAS.f will close early at 8:45 pm;
• DX.f and USTN10.f will close early at 8:15 pm;
• CORN.c, SOYBEAN.c, and WHEAT.c will close early at 8:05 pm.

NATGAS.f, on Monday, 27 November 2023, and USTN10.f on Wednesday, 29 November 2023 will roll to their respective next future expiries. In order to facilitate the process and protect the accounts from possible liquidity shortages and temporary price spikes, regardless of the account stage (FTMO Challenge, Verification, or FTMO Account) or the account type (Normal, Swing), traders are required to close their positions on the affected symbols before 9:00 am of the relevant day above. Trading will be enabled again at 10:05 a.m. on the same day. Eventual positions left open after 9:00 am will be closed at the prevailing market price and pending orders will be deleted.

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 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.

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.