Trading Update - 22/09/2022
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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 - 22 Sep 2022 edition
As the final step of a broader process of modifying all .cash indices symbols, starting from Monday, 10 October, the following symbols below will have their contract size permanently modified to 1 contract per lot (similarly to most prime brokers), contrary to the current 10 contracts per lot. In order to make the transition smooth, on Friday, 7 October, the .cash symbols (except for US30.cash) will be set to Close-Only 1 hour before the market close, namely at 10:50 pm GMT+3/CEST+1, until the market reopens on Monday. During this one-hour period, traders can close their existing positions but will not be able to open any new ones until the newly adjusted symbol will be fully tradeable on Monday, October 10.
- AUS200.cash, EU50.cash, FRA40.cash, GER40.cash, HK50.cash, JP225.cash, SPN35.cash, UK100.cash, US100.cash, US2000.cash, US500.cash
All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
MetaTrader 4 and 5 mobile applications developed by MetaQuotes have been removed for new download from the iOS App store. The existing already downloaded mobile apps continue to function normally. Unfortunately, this decision as taken by Apple is directly linked to MetaQuotes, and FTMO has no control over the development of the case. We recommend that traders who are affected by this situation use the desktop version of these platforms, alternatively the MT4/5 webtrader. Platform access can be found on the Login Credentials tab within your Account MetriX. It is also possible that updating the iOS to a new version might cause the non-functionality of the downloaded application, yet this is not confirmed. At this stage, we have no official information or estimated duration on when this could be potentially resolved.
Due to maintenance on all our platforms, MT4/5 and cTrader will be unavailable for trading on Saturday, 24 September from 1:00 pm to 6:00 pm GMT+3/CEST+1. Also, please be reminded that cTrader has a different trading hours schedule on Saturdays, therefore kindly manage your trades accordingly.
On Tuesday, 27 September 2022, the NATGAS.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 cancelled. All times are expressed in the MetaTrader server time (GMT+3/CEST+1).
From Saturday, 20 August 2022, our MT4 and MT5 platforms calculate free margin based on the account balance instead of the account equity. Also, due to execution reasons, 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?.