Trading Update - 18/08/2022
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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 - 18 Aug 2022 edition
- 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.
Due to the recently announced TSLA stock split with a 3-to-1 ratio becoming effective on Thursday, 25 August 2022, all traders are required to close their positions and delete any pending orders on the symbol before the market close on Wednesday, 24 August 2022, regardless of the account type or stage (FTMO Challenge, Verification, or FTMO Account). Any position held overnight will be closed at the last available price and all pending orders will be canceled as well. Trading on a split-adjusted basis will resume normally at the standard market open on Thursday, 25 August 2022.
NATGAS.f, on Friday, 26 August 2022, and USTN10.f on Tuesday, 30 August 2022 will roll their respective underlying futures contracts to the new contracts. 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 on the respective relevant day (Friday, 26 August 2022 for NATGAS.f and Tuesday, 30 August for USTN10.f). 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. All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
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
VIEW ALL
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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?.