AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 25 Jul 2024
All times hereafter are expressed in the MetaTrader platform time – GMT+3 (CEST+1).
Weekend Maintenance
DXtrade:
The DXtrade platform will undergo scheduled maintenance between 13:00 and 17:00, on Saturday, 27 Jul 2024.
Changes in MT4 quote sessions’ start times:
Last week we announced an update regarding the alignment of candle formation times between MT4 and other platforms by setting the quote session start times for all symbols to 00:00. This change was scheduled to take effect this Sunday, 28 Jul 2024.
Since we discovered a previously unknown issue that could have a negative impact on some accounts, we will not be going ahead with the intended change in the near term and the quote session start times for all symbols will remain without any changes, same as currently configured. Thank you for your understanding.
Change in margin requirements of 20 FX symbols:
On Sunday, 28 Jul 2024, some FX minor and exotic pairs will have their margin requirement increased from 100% to 150%. The change will be applied to the following symbols:
EURCZK, EURHUF, EURNOK, EURPLN, USDCZK, USDHKD, USDHUF, USDILS, USDMXN, USDNOK, USDPLN, USDSEK, USDZAR, AUDNZD, EURNZD, GBPNZD, NZDCAD, NZDCHF, NZDJPY, NZDUSD
As you may have noticed if you trade your own account with brokers or follow the trading industry news, the regulatory environment in many areas of the world has been seeing a push for tighter trading conditions. In expectation of further changes, we are implementing this change so that our services are better aligned with the recent trends and possible future regulatory needs in some parts of the world. To clarify further, our services are not within regulatory scope, however, as we strive to align our services with how actual financial markets work, we wish to create an environment which reflects the trends in the regulatory environment of financial markets around the world.
This change will also serve as additional customer protection that can help prevent significant PnL losses in case of unexpected macroeconomic or geopolitical news. The listed instruments have generally lower liquidity and therefore can experience severe volatility in case of unexpected events.
We have analysed past activity of our clients and believe that this change will not have any tangible impact on their activities.
FX Majors as well as some other FX minor symbols will stay as before without any change. For clarity, there will be no changes for:
EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, USDCHF, EURAUD, EURGBP, EURCAD, EURJPY, EURCHF, GBPAUD, GBPCAD, GBPJPY, GBPCHF, AUDCHF, CADCHF, CHFJPY, AUDCAD, AUDJPY, CADJPY
Overnight rollover swaps are subject to regular changes and adjustments, reflecting, among other things, 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.
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 Crimea, Sevastopol, Donetsk, Kherson, Luhansk, and Zaporizhzhia 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.
