AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 8 Jun 2023
All times hereafter are expressed in the MetaTrader platform time (GMT+3/ CEST+1).
On Monday, 12 June 2023, due to national holiday in Australia, AUS200.cash will open late at 10:10 am (GMT+3/ CEST +1).
On Thursday, 15 June 2023, DX.f will roll to the new future expiry. 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.
Starting from Monday, 19 June 2023, US Equities and EU Equities will have their margin requirement increased to 30% for the Standard account type and to 100% in the case of Swing Accounts. This means that the new leverage will be 1:3.3 for Standard Accounts and 1:1 for Swing Accounts. Therefore, in order to avoid forced closure of positions, kindly close your trades on equities before the market close on Friday 16 June 2023, or make sure that your positions will take into account the increased required margin if holding trades over the weekend is allowed on your account.
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.
