Overnight Holding on Funded Accounts: Rules vs. Reality

You're two minutes from your prop firm's session close, sitting on a position that's finally working, and a roundup article you read last week said your firm "allows overnight holding." You leave it open. Forty minutes later the account's l

You're two minutes from your prop firm's session close, sitting on a position that's finally working, and a roundup article you read last week said your firm "allows overnight holding." You leave it open. Forty minutes later the account's locked, the position's flattened, and the help center article support links you to says the exact opposite of what you read. The firms that actually let you hold a position overnight are the exception, and the sites ranking for that exact question keep getting the exception wrong.

Two different questions get treated as one

"Does my prop firm allow overnight holding" sounds like a single yes-or-no question. It isn't. There's the question of whether the platform auto-closes your positions at a fixed time every day, and there's the separate question of whether you're actually permitted to carry a position past that close on purpose. Most of what ranks for "overnight holding prop firm" answers neither question precisely. It answers a third, easier one: which firms have marketed themselves as overnight-friendly at some point.

That's the gap worth closing before you trust anything you read about it, including this article. The only source that settles which bucket your account falls into is the firm's own current help center, for your specific account tier, checked on the day you're trading. Everything else, including a comparison site's "7 firms that allow it" list, is a snapshot that may already be stale.

Topstep is a day-trading program, full stop

Start with the firm that's unambiguous about it. Topstep's own help center states that all positions on a Trading Combine or funded account must be closed by 3:10 PM CT every weekday, and it doesn't leave room for interpretation: "No swing trading." Positions and pending orders begin auto-flattening at 3:08 PM CT, and being flat by 3:10 PM CT is the trader's responsibility regardless of what the platform does automatically.

There's no account tier at Topstep that changes this. Every account on the platform runs the same day-trading-only rule, which makes it a clean baseline against firms that carve out exceptions for specific tiers, the way prop firm news-trading blackouts differ firm by firm even when every firm uses similar language to describe them.

MyFundedFutures doesn't allow it either, despite what ranks

MyFundedFutures is the firm several current roundup and comparison sites cite as permitting overnight holding across its plans. MyFundedFutures' own help center says otherwise: open positions are automatically closed at 4:10 PM EST on every regular, non-holiday trading day, and the article describes no plan-by-plan exception to that mechanism.

That's not a small discrepancy. If you built a swing-style plan around a listicle's claim that MFF lets you carry a position overnight, the firm's own current documentation says the platform closes it for you before you'd get the chance, holiday sessions aside, where the article notes the automatic close doesn't fire and manual flattening is on you instead.

Phidias shows what "overnight-permitted" actually costs

Phidias' own site is the clearer example of a firm that genuinely does allow it, and it's instructive precisely because the permission isn't free or firm-wide. Overnight and weekend holding is available only on the Premium account tier, offered in 50K, 100K, and 150K sizes. The firm's Fundamental and Express to Live tiers still require flattening before the session ends, the same as Topstep and MyFundedFutures.

On the 100K Premium configuration, the tradeoff shows up directly in the numbers: a cap of 14 mini or 140 micro contracts during evaluation, well below what a day-only tier typically allows, and a drawdown the firm's own site describes as an "EOD trailing drawdown," calculated at end of day rather than tracked continuously through the session.

Overnight permission isn't a feature a firm turns on. It's a different account, with a different size ceiling and a different drawdown clock, built specifically because the risk doesn't pause when the session does.

— The Tradoki desk note

The restriction exists because a closed session doesn't freeze risk

The pattern across all three firms points at the same underlying reason, even where the firms themselves don't spell it out. A position you're holding when the session closes is still exposed to whatever happens before it reopens, and you can't manage it while it's closed. The kind of abrupt margin change an exchange makes around unusual volatility is exactly the sort of event that can hit while a held position sits there unattended.

That's also why the drawdown mechanic matters as much as the holding permission itself. Whether a firm marks your drawdown continuously through the session or only at end of day changes how much room a gap has to move against you before anyone, including you, can react. A smaller contract-size ceiling on an overnight-permitted tier isn't the firm being stingy. It's the same logic that governs sizing a position against the specific numbers your account actually publishes, not a generic rule of thumb borrowed from a different account: less size held through more uncertainty is the whole trade the firm is making with you.

Check the specific tier's rule, not the firm's reputation

None of this is a ranking of good firms versus bad ones. It's a reminder that "does this firm allow overnight holding" resolves differently depending on which specific account you're trading, checked against that firm's current documentation rather than a brand's general reputation, the same way a Daily Loss Limit and a Maximum Loss Limit at the same firm behave nothing alike despite sharing a name.

Before you carry anything past a session close: find your firm's own current help center article on trading hours or permitted times, confirm the auto-close time converted into your own timezone, and check whether your account tier is even eligible for overnight holding in the first place. If the article doesn't explicitly say your tier can do it, assume it can't, and verify with support before you find out the hard way.

● FAQ

Can you hold trades overnight on a Topstep account?

No. Per Topstep's own help center, all positions must be closed by 3:10 PM CT every weekday, and the article states plainly that Topstep does not permit holding positions from one session into the next. It's a day-trading program, and the page is direct about it: "No swing trading."

Does MyFundedFutures allow overnight holding?

Not by default. Per MyFundedFutures' own help center, open positions are automatically closed at 4:10 PM EST on every regular trading day, with no carve-out described by plan. That directly contradicts several third-party roundup sites that currently list MyFundedFutures as an overnight-friendly firm.

Which prop firms actually let you hold positions overnight?

It depends on the specific account tier, not just the firm's brand or reputation. Phidias, for example, only permits overnight and weekend holding on its Premium account tier, available in 50K, 100K, and 150K sizes. Its Fundamental and Express to Live tiers still require flattening before the session ends, per the firm's own site.

Why do firms that allow overnight holding also cap contract size?

A held position can't be adjusted while the session is closed, so a firm that permits overnight exposure typically pairs it with a lower size ceiling than its day-only accounts. Phidias' Premium tier, for instance, caps its 100K account configuration at 14 mini or 140 micro contracts during evaluation and runs what the firm's own site calls an "EOD trailing drawdown" rather than the intraday version.

What should I check before holding a position past my prop firm's session close?

Read your specific account tier's current rules on the firm's own help center, not a comparison or roundup site. Confirm the exact auto-close time converted to your own timezone, and check whether overnight positions get measured against the same drawdown limit as intraday ones or a different one entirely.