AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 28 Nov 2024
All times hereafter are expressed in the MetaTrader platform time – GMT+2 (CET+1).
Thanksgiving Holiday
Due to the Thanksgiving holiday, we will have changes in trade hours. These are listed below:
Thursday, 28 Nov 2024:
- US30.cash, US100.cash, US500.cash, US2000.cash, JP225.cash will have an early close at 20:00.
- Metals CFD, USOIL.cash and NATGAS.cash will have an early close at 21:30.
- GER40.cash will have an early close at 23:00.
- US Equities and Agriculture pairs will be closed for the whole day.
- UKOIL.cash will have an early close at 20:30.
Friday, 29 Nov 2024:
- US30.cash, US100.cash, US500.cash, US2000.cash, JP225.cash will have an early close at 20:15.
- Metals CFD, USOIL.cash and NATGAS.cash will have an early close at 21:45.
- US Equities will have an early close at 20:00.
- UKOIL.cash will have an early close at 21:00.
- CORN.c, SOYBEAN.c, WHEAT.c will have an early close at 20:05.
Additionally, the following instruments will have an early close at 23:00 on Friday, 29 Nov 2024:
- UK100.cash, EU50.cash, FRA40.cash, HK50.cash, AUS200.cash.
Listing of Copper on Free Trial accounts:
As part of expanding the range of the symbols tradable on our accounts, on 1 Dec 2024, we will list XCUUSD (Copper) on our MT4 and MT5 Free Trial Accounts. As usual, the symbol will get fully listed on all accounts after the initial testing period, 2-4 weeks later.
XCUUSD is a spot CFD designed to track the spot price of a pound of copper. The contract size will be 100, and the commission will be 0.001% of the notional value of the position per roundtrip. The default trading hours will align with Metals CFDs, allowing positions to be held open during Monday to Friday sessions under normal circumstances. For non-Swing FTMO Accounts, traders must close positions prior to the weekend and any other announced market closures that are longer than 2 hours, such as changes based on holidays or maintenance.
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 Crimea, Sevastopol, Donetsk, Kherson, Luhansk, and Zaporizhzhia 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.
