Phoenix Trader Funding Overnight Holding
The Simple Answer
Phoenix Trader Funding prohibits overnight and over-week positions on every account it offers, including Classic, Daily, Spark, and Merit, at every stage, and this is the only rule that still applies even once a trader reaches a Live Funded account, with severe consequences for violation.
The rule is published verbatim in the Help Center article “Do you allow overnight/overweek positions?”
How the Overnight Holding Rule Works
The Rule That Survives to Live Accounts
Phoenix Trader Funding states: “No. Overnight and over-week positions are prohibited on every account we offer: Classic, Daily, Spark and Merit, at every stage… Every position must be closed before the session ends. Nothing may be carried through the close, and nothing may be carried across a weekend… This is the only rule that survives on a Live Funded account. Every other restriction is waived there; this one is not.”
Severe, Deliberate Consequences
“During a challenge: the funded account is denied, whatever the result on paper. On a funded account: the payout is denied and the account is closed. These are the heaviest consequences attached to any of our rules, which is deliberate.” Phoenix explains the rationale: “A held position cannot be copied. Our side of the operation works by following what you do.”
Final Thoughts
Phoenix Trader Funding treats overnight holding as its most serious rule, explicitly stating it carries the heaviest consequences of any rule and is the only restriction that remains active even after every other rule is waived on a Live Funded account.
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FAQ
Can you hold trades overnight on Phoenix Trader Funding?
No, overnight and over-week positions are prohibited on every account type at every stage.
Does Phoenix Trader Funding’s overnight prohibition apply to Live Funded accounts?
Yes, it is the only rule that survives on a Live Funded account; every other restriction is waived there.
What happens if a Phoenix Trader Funding challenge trader holds a position overnight?
The funded account is denied, regardless of the result on paper.
What happens if a Phoenix Trader Funding funded trader holds a position overnight?
The payout is denied and the account is closed.
Where is Phoenix Trader Funding’s overnight holding policy published?
In the official Help Center article “Do you allow overnight/overweek positions?”