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Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 02 Mar 2023
Daylight Saving Time
Please note that on Sunday, 12 Mar 2023, at 9:00 am platform time the time on MT4/5 will shift from the current GMT+2 (CET+1) to GMT+3 (CET+2/CEST+1). However, it will not be until Sunday, 26 Mar 2023 that the 1-hour-ahead switch from the actual CET to CEST (Central European Summer Time) will become effective in Europe as well. Kindly manage your trades according to the fact that your Max Daily Loss resets at midnight CE(S)T and that for two weeks the difference between the Client Area Time and the Platform Time will be 2 hours instead of the usual 1 hour.
During this two-week interval, only European Equities will temporarily have their trading hours shifted 1 hour ahead (11:00 am – 7:30 pm) according to GMT+3 and will be shifted back to the usual time (10:00 am – 6.30 pm GMT+3) from the 26th. Other symbols will have the Trading Hours unchanged but they will refer to the GMT+3 notation instead of GMT+2.
On Tuesday, 7 Mar 2023, ERBN.f will roll to the new future expiry. Similarly, on Friday, 10 Mar 2023, DX.f will roll to the new future expiry as well. 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 affected symbol before 9:00 am of the relevant day above. 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 deleted. All times are expressed in the MetaTrader server time (GMT+2/CET+1).
MetaTrader Mobile Apps Removed from iOS App Store
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.
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 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.
