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Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 29 Feb 2024
All times hereafter are expressed in the MetaTrader platform time GMT+2 (CET+1).
Due to maintenance on the MetaTrader 4 platform only, on Saturday, 2 March 2024, trading will be unavailable from 9:00 am to 10:00 am. Kindly note that on top of that, cTrader trading hours are different during the weekend. Therefore kindly manage your trades accordingly.
Daylight Saving Time
Please note that on Sunday, 10 Mar 2024, at 9:00 am all platforms will shift one hour ahead from the current GMT+2 (CET+1) to GMT+3 (CET +2/CEST +1). However, it will not be until Sunday, 31 Mar 2024 (02:00 am CET) that the time change, and therefore the switch from CET to CEST (Central European Summer Time), will also become effective in Europe. Kindly manage your trades accordingly, taking into consideration that the Max Daily Loss resets at midnight CE(S)T and that the difference between Prague time and the Platform time will be 2 hours instead of the usual 1 hour for three weeks.
During this three-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 notation and will be shifted back to the usual time (10:00 am – 6.30 pm GMT+3) from the 1st of April. Other symbols will have the Trading Hours unchanged but will refer to the GMT+3 notation instead of GMT+2.
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.
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