AND HOLIDAY SCHEDULE
Trading Update – 4 Jan 2024
All times hereafter are expressed in the MetaTrader platform time GMT+2 (CET+1).
Due to maintenance on our platform, on Sunday, 7 January 2024, MT5 demo server 1 will be unavailable for trading from 11:00 am to 12:00 pm. Additionally, cTrader will undergo maintenance from Saturday, 6 January 2024, 10:00 am to Sunday, 7 January 2024, 11:55 pm. Therefore kindly manage your trades accordingly.
Please note that starting from Monday, 15 January 2024, USDTRY will be delisted and will become unavailable for trading. Additionally, the following symbols will have their leverage changed to 1:30:
- USOIL.cash, UKOIL.cash;
- Gold (XAU-), Silver (XAG-), Palladium, and Platinum (XPDUSD, XPTUSD).
Therefore, to facilitate the transition and to avoid unexpected closures, all the above symbols will close early at 11:00 pm on Friday, 12 January 2024 and you are required to close all positions by that time. All positions left open will be manually closed and eventual pending orders deleted.
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.