AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 11 Jan 2024
All times hereafter are expressed in the MetaTrader platform time GMT+2 (CET+1).
Due to maintenance on our platform, on Saturday, 13 January 2024, cTrader will be unavailable for trading from 12:00 pm to 2:00 pm. Kindly note that on top of that, cTrader trading hours are different during the weekend. 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 (only XAUEUR, XAUAUD), Silver (XAGUSD, XAGEUR, XAGAUD), 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.
Kindly note that XAUUSD will not be affected. Therefore its trading hours will be as per the usual schedule and traders will not be required to close the positions or pending orders on the symbol as a consequence of the current announcement. However, standard rules for weekend trading hold as per your specific account specifications.
Due to the observance of Martin Luther King’s day on Monday, 15 January 2024, the following symbols will have their usual trading hours amended:
- US30.cash, US100.cash, US500.cash, US2000.cash and JP225.cash will close early at 8:00 pm;
- Metals (XAU, XAG, XPT, and XPD) and USOIL.cash will close early at 9:30 pm;
- GER40.cash will close early at 11:00 pm;
- US Equities and Agricultures (COCOA.c, COFFEE.c, CORN.c, SOYBEAN.c, WHEAT.c) will be closed all day.
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.
