Phidias Propfirm Weekend Holding Rule
The Simple Answer
Only on Premium accounts. Phidias states that overnight and weekend positions are ALLOWED on Premium, and NOT allowed on Fundamental or Express to Live. On those two, failing to close before the market close results in disqualification of the account.
Below is a breakdown of how the Phidias Propfirm weekend holding rules apply across different account types and stages.
Breakdown by Account Type
Premium accounts
Premium is the exception and Phidias is explicit about it: positions on Premium accounts can remain open overnight and over the weekend, with a lot size corresponding to your account size. Premium is also excluded from the trading hours rule that binds Fundamental accounts, so the 21:59 UTC close does not apply to you. Phidias states directly that Premium accounts are excluded from the disqualification rule.
Fundamental accounts
All positions must be closed before the end of the day on Fundamental accounts across every size, 25K, 50K, 100K and 150K. Fundamental is also the only account family bound by the published trading hours: CME Globex Sunday to Friday 23:00 to 21:59 UTC, with a 60 minute daily break starting at 21:59 UTC and all positions closed at 21:59 UTC.
Express to Live accounts
Express to Live sits with Fundamental on this rule rather than with Premium. Overnight and weekend positions are not allowed, and the same disqualification consequence applies.
10K Drawdown Challenge
The 10K Challenge is a monthly competition with $24,000 in cash prizes and follows the standard closing requirement rather than the Premium exemption.
How Phidias defines the two terms
Worth quoting because the definitions are precise. Overnight positions are trading positions that are neither closed nor liquidated at the end of the trading day. Weekend positions are positions that are not closed at the end of the week and remain open when the Globex session resumes on Monday.
Session Close and Reopen Times
Futures accounts do not pay swaps, so what matters instead is knowing exactly when you have to be flat and when the market comes back. These are the times that govern that.
Warning System for Weekend Holding Violations
On Fundamental and Express to Live the consequence is severe and Phidias states it twice: failure to close a position before the market close results in disqualification of the account. Not a pause, not an auto-flatten, disqualification. Phidias points you to cmegroup.com for normal trading hours and the holiday calendar, and to time converters, which is a hint that the 21:59 UTC deadline shifts against your local clock twice a year. Premium accounts are excluded from this rule entirely.
Final Comments
Weekend gap risk is the reason this rule exists, and it is why almost every futures firm wants you flat before the close on Friday. Treat the auto-close as a backstop rather than a plan, because the firms that offer it are the same firms that tell you not to rely on it.
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FAQ
Is weekend holding allowed in Phidias Propfirm?
Only on Premium accounts. Phidias states that overnight and weekend positions are ALLOWED on Premium, and NOT allowed on Fundamental or Express to Live. On those two, failing to close before the market close results in disqualification of the account.
Can I hold over the weekend on a Premium account?
Evaluation phase: Allowed. Funded phase: Allowed. Premium is the exception and Phidias is explicit about it: positions on Premium accounts can remain open overnight and over the weekend, with a lot size corresponding to your account size. Premium is also excluded from the trading hours rule that binds Fundamental accounts, so the 21:59 UTC close does not apply to you.
Can I hold over the weekend on a Fundamental (25K/50K/100K/150K) account?
Evaluation phase: Not allowed, close before end of day. Funded phase: Not allowed. All positions must be closed before the end of the day on Fundamental accounts across every size, 25K, 50K, 100K and 150K. Fundamental is also the only account family bound by the published trading hours: CME Globex Sunday to Friday 23:00 to 21:59 UTC, with a 60 minute daily break starting at 21:59 UTC and all positions closed at 21:59 UTC.
What happens if I break the Phidias Propfirm weekend holding rule?
On Fundamental and Express to Live the consequence is severe and Phidias states it twice: failure to close a position before the market close results in disqualification of the account. Not a pause, not an auto-flatten, disqualification. Phidias points you to cmegroup.
What time do I have to be flat with Phidias Propfirm?
CME Globex session (Fundamental): Sunday to Friday, 23:00 to 21:59 UTC. The full list of session times is in the table above, and different product groups can have different deadlines.
