AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 2 Nov 2023
All times hereafter are expressed in the MetaTrader platform time GMT+3 (CEST+1). From the morning of Sunday 5 November, times hereafter will be expressed in the MetaTrader platform time GMT+2 (CET+1) as reported below.
On Sunday, 5 November 2023, due to Daylight Saving Time ending in North America all platforms will be unavailable for trading for 2 hours from 8:00 am GMT+3 (therefore until 10:00 am GMT+3 or 9:00 am GMT+2) to facilitate the transition. Indeed, at 9:00 am GMT+3, the MetaTrader platform time will be shifted one hour backward to 8:00 am GMT+2. From this date, the difference between CET time and the server time will be 1 hour again as usual. Kindly take this into account for the correct reset time of the Maximum Daily Loss.
Please note that all the instruments will have their trading hours unchanged, but will be expressed in GMT+2 instead of GMT+3. The only exception will be EU shares, whose open and close times will be shifted 1 hour backward again, to the standard trading hours 10:00 – 18:30 in platform time as before the ending of DST in Europe last weekend.
Due to scheduled maintenance on Sunday, 5 November 2023, trading will be unavailable on MT4 Server 3 and MT5 Server 2 only from 1:00 pm to 3:00 pm (GMT+2). Kindly be reminded that on top of this, cTrader also has different trading hours during the weekend. Therefore make sure to manage your trades accordingly.
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.
