AND HOLIDAY SCHEDULE
Released regularly on Thursday afternoon or as needed in case of urgent matters.
Trading Update – 29 Jun 2023
All times hereafter are expressed in the MetaTrader platform time (GMT+3/ CEST+1).
Due to scheduled maintenance on Saturday, 1 July 2023, all platforms will be unavailable for trading from 8:00 am to 10:00 am. 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.
Due to Independence Day in the USA on Tuesday, 4 July 2023, the following instruments will be impacted as indicated below.
On Monday, 3 July 2023:
- US Shares will be closed all day;
- US Indices and JP225.cash will close early at 8:15 pm;
on Tuesday, 4 July 2023:
- US Indices (US30.cash, US100.cash, US500.cash, US2000.cash) and JP225.cash will close early at 8:00 pm;
- GER40.cash will close early at 11:00 pm;
- Metals (XAU – Gold, XAG – Silver, XPT – Platinum, XPD – Palladium) will close early at 9:30 pm;
- US Shares will be closed all day;
- USOIL.cash will close early at 9:30 pm;
- UKOIL.cash will close early at 8:30 pm;
- NATGAS.f will close early at 9:30 pm;
- USTN10.f will close early at 8:00 pm.
US Equities and EU Equities had their margin requirement increased to 30% for the Standard account type and to 100% in the case of Swing Accounts. This means that the new leverage is 1:3.3 for Standard Accounts and 1:1 for Swing Accounts. The change came into effect on Monday, 19 June 2023.
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.
