AND HOLIDAY SCHEDULE
Trading Update – 25 May 2023
All times hereafter are expressed in the MetaTrader platform time (GMT+3/ CEST+1).
Due to the Birthday of Buddha, HK50.cash will close early at 10:00 pm on Thursday, 25 May 2023, will be closed on Friday, 26 May 2023, and will reopen at 04:15 am on Monday, 29 May 2023.
Due to Memorial Day in the USA on Monday, 29 May 2023, the following instruments will be impacted as below:
- US Indices (US30.cash, US100.cash, US500.cash, US2000.cash) and JP225.cash will close early at 8:00 pm on Monday, 29 May 2023;
- GER40.cash will close early at 11:00 pm on Monday, 29 May 2023;
- UK100.cash will close early at 11:00 pm on Friday, 26 May 2023, will be closed on Monday, 29 May 2023, and will reopen at 03:00 am on Tuesday, 30 May 2023;
- HK50.cash will close early at 8:30 am on Monday, 29 May 2023, and will reopen at 04:15 am on Tuesday, 30 May 2023;
- Metals (XAU – Gold, XAG – Silver, XPT – Platinum, XPD – Palladium) will close early at 8:15 pm on Monday, 29 May 2023;
- US Shares will be closed all day on Monday, 29 May 2023;
- USOIL.cash will close early at 9:15 pm on Monday, 29 May 2023;
- UKOIL.cash will close early at 8:30 pm on Monday, 29 May 2023;
- NATGAS.f will close early at 9:30 pm on Monday, 29 May 2023;
- USTN10.f will close early at 8:00 pm on Monday, 29 May 2023.
Due to the second round of the general elections in Turkey, scheduled to take place on 28 May 2023, the symbol USDTRY has been precautionary set to Close Only until further notice due to the expected increase in volatility as a consequence of the event at market open after the weekend. Therefore, only the closure or modification of existing positions is allowed on all platforms, regardless of the stage. Utmost care is recommended in trading eventual already open positions on the symbol.
On Tuesday, 30 May 2023, USTN10.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.
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.