Trading updates – 03 Mar 2022 edition
Daylight Saving Time
On Sunday, 13 Mar 2022, the platform time on MT4/5 will shift from the current GMT+2 to GMT+3. However, it will not be until Sunday, 27 Mar 2022 that the switch from the actual CET (GMT+1) to CEST (Central European Summer Time), GMT+2, will become effective in Europe. Kindly manage your trades according to the fact that your Max Daily Loss resets at midnight CE(S)T. More information regarding the trading hours on the available instruments will be provided with the next update.
We have scheduled maintenance on our MetaTrader platforms MT4 and MT5, planned for Saturday, 05 Mar 2022 from 1:00 pm to 6:00 pm platform time (GMT+2/CET+1). Trading will be halted during the above-specified timespans. Therefore, kindly manage your trades accordingly.
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 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.
Trading on RUB pairs (EUR/RUB and USD/RUB) will be suspended starting from Thursday, 24 February 2022 at 6:00 pm platform time (GMT+2 / CET +1) until further notice due to exposure risks and low liquidity at the present moment. The symbols will be set to Close-Only mode with immediate effect in order to allow traders to exit their current position. It will not be possible to open new positions. All open positions after 6:00 pm (GMT+2 / CET +1) will be automatically closed.
Please note that all assets with Swiss franc (CHF) will have the margin requirement amended as our Liquidity Providers anticipate risk in markets associated with a possible rate intervention by the Swiss National Bank (SNB). The leverage on CHF assets will be reduced to 1:33 for normal account types and 1:10 for Swing account types. This will affect new and existing positions starting on Monday, 23 August 2021, at 11:00 CEST (09:00 GMT). If you have currently open positions on CHF, please make sure to manage them accordingly. We advise caution as there is a likelihood of possibly increased volatility in the markets. This measure is in place until further notice and is being monitored by our risk team.