AND HOLIDAY SCHEDULE
Trading Update – 16 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.
Due to scheduled maintenance on Saturday, 18 March 2023, trading will be unavailable on MetaTrader 4/5 from 8:00 am to 10:00 am. Therefore make sure to manage your trades accordingly.
All times are expressed in the MetaTrader platform time (GMT+3 / CET+2).
We are glad to announce that MetaTrader 4 and 5 mobile applications developed by MetaQuotes have now been restored and are available for new download from the iOS App store.
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.
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