AND HOLIDAY SCHEDULE
Trading Update – 26 Oct 2023
All times hereafter are expressed in the MetaTrader platform time (GMT+3/ CEST+1).
Due to scheduled maintenance on Saturday, 28 October 2023, all platforms will be unavailable for trading from 1:00 pm to 6:00 pm. Kindly be reminded that on top of this, cTrader also has different trading hours during the weekend. Therefore make sure to manage your trades accordingly.
On Sunday, 29 October, Daylight Saving Time will end in Europe. This means that at 3:00 am Prague time CEST / GMT+2 (or 4:00 am GMT+3) the clock will be shifted one hour backward to 2:00 am CET – GMT+1.
However, please note that since the MetaTrader platform time (GMT+3) will not change until Sunday, 5 November, until then there will be a two-hour difference between the server time and your Client Area (and any time-based metric) from CEST+1 to CET+2. Specifically, kindly note that Prague time CE(S)T is the one on which Max Daily Loss is calculated and that after this date, CET will be the new notation.
In the period ranging from 29 October to 5 November, there will be no trading hours affected besides the EU Shares, whose open and close time will be shifted 1 hour ahead (11:00 am – 7:30 pm GMT+3).
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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