Trading updates – 1 Sep 2022 edition
Due to Labour Day in the United States, on Monday, 5 Sep 2022 the symbols below will have their trading hours modified as follows:
- GER40.cash, UK100.cash, EU50.cash, FRA40.cash will close early at 11:00 pm;
- US30.cash, US100.cash, US500.cash, US2000.cash, JP225.cash will close early at 8:00 pm;
- HK50.cash will close early at 10:00 pm;
- Metals (Gold, Silver, Palladium, Platinum), NATGAS.f, USOIL.cash, and UKOIL.cash will close early at 8:15 pm;
- DX.f and USTN.f will close early at 8:00 pm;
- US Equities will be closed for the whole day.
All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
On Wednesday, 7 September 2022, ERBN.f will roll its underlying futures contracts to the new contracts at 10:00 am. 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 symbol before 9:00 am. Trading will be enabled again at 10:05 am on the same day. Eventual positions left open after 9:00 am will be closed before 10:00 am at the prevailing market price and pending orders will be canceled. All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
As the initial step of a broader process that will affect all .cash symbols at a later stage, starting from Monday, 12 September, the symbol US30.cash will have its contract size permanently modified to 1 contract per lot, from the current 10 contracts per lot. In order to make the transition smooth, on Friday, 9 September, the symbol will be set to Close-Only 1 hour before the market close, namely at 10:50 pm GMT+3/CEST+1, until the reopen after the weekend. Traders can then close their positions but won’t be able to open new ones, until the newly adjusted symbol will be fully tradeable on 12th September. Please note that we plan to change the contract size for all indices offered by FTMO. The change on all other indices will follow in the upcoming weeks, however, you can take this fact into consideration if this is relevant for your future trades planning.
All traders are therefore required to close their positions on the US30.cash symbol and delete any pending orders on the symbol before the market close on Friday, 9 September 2022, regardless of the account type or stage (FTMO Challenge, Verification, or FTMO Account). Eventual positions left open will be closed and pending orders canceled. Trading will resume normally on Monday at the market open.
Starting from Saturday, 20 August 2022, MT4 and MT5 platforms will calculate free margin based on the account balance instead of the account equity. Going forward, our maximum order size for Forex pairs will be set to 50 lots (only applicable to MT4 and MT5). If you would like to open a bigger position, you will have to simply submit another market order.
Overnight rollover swaps are subject to regular changes and adjustments, reflecting 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.