Trading Update – 29 Aug 2024

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

Labor Day Holiday

Due to the Labor Day holiday in the US, there will be adjustments to the trading hours. The changes are outlined below:

On Monday, 2 Sep 2024:

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

cTrader – Change in Decimal Precision for COCOA.c Symbol

As previously announced, on August 25, 2024, the decimal precision for the COCOA.c symbol on MT4, MT5 and DXtrade was reduced from two decimal places to one.

This change could not be processed in cTrader and for that reason, COCOA.c in the cTrader platform has been set as close-only to prevent opening of new positions. To enable the change, we require all positions in COCOA.c on cTrader accounts to be closed by the end of Friday’s trading session. Any COCOA.c positions left open in cTrader accounts past 20:30, 30 Aug 2024 will be closed by our team to enable the processing of the change and the change in precision will be carried out during the weekend. Full trading mode will be re-enabled for cTrader once the change is done.

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.