Trading Update - 8/09/2022
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Important updates
and holiday schedule
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Be informed every day about the trading hours, holidays and maintenance schedule.
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Trading updates - 8 Sep 2022 edition
Due to a public holiday in Hong Kong, the HK50.cash instrument will close early at 10:00 pm on Friday, 9 Sep 2022. The instument will remain closed for the whole day on Monday, 12 Sep 2022, and will reopen on Tuesday, 13 Sep 2022, at 4:15 am.
All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
On Friday, 16 September 2022, the DX.f instrument 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 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.
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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.
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Previous Trading Updates
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About FTMO
FTMO developed a 2-step Evaluation Process to find trading talents. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. How does it work?.