This article examines Prop Firms Allow Weekend Holding & Swap-Free Trading. Here, we find flexible trading conditions. Also here, traders can hold their positions over the weekend and are provided swap free options to reduce costs.
We aim to describe their features, fees, funding limits, profit splits, drawdown rules, advantage and disadvantages. We hope to provide traders the information to select the most advantageous prop firm.
Why Choose Prop Firms Allowing Weekend Holding & Swap-Free Trading
More Trading Options: Sunday night/Monday morning restrictions don’t cause traders to close positions, so they can perform longer term and swing trades based on analyses that may take multiple days to play out.
Decreased Trading Costs: Swap-free accounts don’t charge rollover fees, decreasing the cost of carrying long positions.
More Market Access: Weekend and after hours market restrictions and unexpected economic events can leave traders with a great opportunity, only to have them unnecessarily restricted from accessing it.
Ideal for Swing Traders: Prop firms that restrict weekend trading are ideal for prop traders that wish to obtain larger price moves over a multi-day or even multi-week period.
** Better Risk Control:** Having the ability to hold a position for longer periods of time allows the trader to have a more refined and risk-aware approach to position entries, exits, and stop-loss placement.
** More Trading Capital:** Firms that provide funded accounts offer traders the ability to manage significantly more capital than the trader would be able to personally provide.
Better Profit Potential: Traders can capture the extended market moves rather than being limited to short term market moves that are typically less profitable.
Clearly Defined Trading Guidelines: Many of these firms outline specifics to drawdown limits, payout criteria, and the procedures to successfully complete the evaluation process.
Interest-Free Trading: Swap-free accounts are a solution for traders that avoid interest payments due to personal or religious beliefs.
More Flexibility for Swing Trading: These firms have trading programs that are more in line with the needs of swing traders, on a more structured basis with progress tracking and opportunities for growth.
Key Point & Prop Firms Allowing Weekend Holding & Swap-Free Trading
| Prop Firm | Key Points |
|---|---|
| The5ers | • Offers forex-focused funded accounts with flexible trading conditions• Supports longer-term trading styles with no strict overnight restrictions on many programs• Provides scaling plans for successful traders• Known for educational resources and trader support |
| TradersYard | • Provides funded trading programs with access to multiple markets• Focuses on transparent evaluation rules and trader-friendly conditions• Suitable for traders looking for flexible strategies• Offers community features and trading tools |
| Alpha Capital Group | • Offers forex and CFD funded accounts• Allows traders to use various trading strategies• Provides scaling opportunities based on performance• Known for competitive profit-sharing models |
| FundingPips | • Provides instant and evaluation-based funding options• Supports different trading styles with flexible account rules• Offers high profit splits for successful traders• Includes multiple account sizes for different experience levels |
| Pips Prop | • Provides funded forex trading opportunities• Designed for traders seeking affordable challenges• Offers simple evaluation processes• Focuses on transparent trading conditions and payouts |
| Take Profit Trader | • Specializes in futures trading funding programs• Offers simulated funded accounts for traders• Provides clear profit targets and risk rules• Suitable for futures traders seeking capital access |
| Apex Trader Funding | • One of the popular futures prop firms• Offers multiple account sizes and evaluation options• Provides profit-sharing opportunities for funded traders• Includes automated trading support under specific rules |
| Lucid Trading | • Offers futures trading evaluation programs• Provides access to different account sizes• Focuses on simple rules and trader flexibility• Designed for traders looking for funded futures opportunities |
| Funded Trading Plus | • Offers multiple funding models with flexible rules• Supports different trading approaches, including longer-term strategies• Provides high profit-sharing options• Includes scaling plans for consistent traders |
| MyFundedFX | • Provides forex funded trading programs• Offers various challenge models and account sizes• Focuses on fast evaluation processes and trader accessibility• Provides profit-sharing opportunities for successful traders |
1. The5ers
The5ers started in 2016 as a leading forex prop firm awarded by The European Startup Awards. The firm enables trader funded accounts and long-term growth.
The firm spends on different funding programs with flexible fees and affordable entry fees for online trading challenges. Growth plans allow successfully funded traders to scale their funded accounts. The firm has a 100% profit split for awarded traders.
The firm uses a daily loss limit along with a maximum loss limit to control the risks. Some programs can accommodate various trading styles, including weekend holding, along with swap-free trading options as per the account rules.
The5ers Features, Pros & Cons
Features:
- A prop firm focusing mainly on Forex trading.
- Offers scaling plans.
- Can accommodate swing trading.
- Has educational resources and training programs.
- Funded traders can keep some of their profits.
Pros:
- Can accommodate long-term and professional trading styles.
- Account growth is flexible.
- Trader education is prioritized.
- Good profit split.
- Risk management rules are in place.
Cons:
- Evaluations can take time.
- Limited market options available.
- Program rules are not uniform.
- Lower starting capital options may not suit every trader.
- Account restrictions should be analyzed carefully.
2. TradersYard
Founded in 2023, TradersYard prop firm gives access to funded trading programs for multiple markets. Traders can flexibly accommodate different trading styles due to the flexible trading conditions. The firm has different fees for the funding challenge based on the account size and the preferred funding options.
The firm designs funding levels for beginner traders as well as experienced traders and has a maximum capital allotment based on the chosen program. The firm has a competitive profit split for traders who pass the funding evaluation and trade under daily and maximum loss management limits.
The firm has different account conditions for traders who prefer weekend holding and swap-free accounts, which are subject to availability by the program.
TradersYard Features, Pros & Cons
Features:
- Funded trading programs with flexible account options.
- Covers multiple trading strategies.
- Evaluation-based funding models.
- Tools for community and performance located on the platform.
- Trading conditions are transparent.
Pros:
- Flexible trading.
- Can accommodate all trading styles.
- Good funding opportunities.
- Evaluation rules are clear.
- Strategy diversity is supported.
Cons:
- A newer firm and can be considered a startup.
- Limited public track record.
- Funding options may be program selective.
- Less recognized among professional traders.
- Some features are dependent on the account type.
3. Alpha Capital Group
Founded in 2021, Alpha Capital Group allows access to forex and CFD trading via funded accounts. Multiple evaluations and associated fees at Alpha Capital Group depend on both account type and size.
With the use of scaling plans, traders are given access to funding of their choice. For successful traders, Alpha Capital Group extends a profit split of up to 90 percent. Their risk management system protects trading capital from daily drawdowns and has an overall maximum drawdown.
There is support of diverse trading strategies, including forms of longer-term trading. However, any rules of the potential plan traders are considering regarding weekend holding and swap-free accounts should be confirmed.
Alpha Capital Group Features, Pros & Cons
Features:
- Funded forex and CFD trading accounts.
- Multiple challenge sizes for traders.
- Incentivizes successful traders through scaling plans.
- Implements profit-sharing.
- Adopts structured risk management.
Pros:
- Abundant profit split opportunities.
- High professionalism in trading.
- Multiple account sizes.
- Excellent for skilled forex traders.
- Clear trading goals.
Cons:
- Challenge fees are steep for larger accounts.
- Drawdown policies can hinder aggressive trading.
- Less diverse asset offerings when compared to some competitors.
- Evaluation can be difficult.
- Different models mean different rules.
4. Funding Pips
FundingPips, which started in 2022, has gained popularity among forex traders owing to its flexible evaluation models. There are multiple account sizes at the firm due to challenge fees being dependent on the funding package.
Scaling programs allow traders to draw maximum funding for consistently traded plans. Profit splits are very competitive, with programs offering up to 100 percent profit share options. Daily loss limits, as well as maximum drawdown rules, are risk controls of the firm.
Due to flexible strategies, including holding positions overnight and potentially over the weekends, FundingPips has become the choice of many traders. However, swap-free trading depends on the account type and current trading conditions.
FundingPips Features, Pros & Cons
Features:
- Multiple models for funded accounts.
- Trading in forex and CFDs.
- Supports diverse trading strategies.
- High profit sharing.
- Scaling plans for traders who are successful.
Pros:
- Great profit split options.
- Flexible account choices.
- Rapid evaluations.
- Several trading styles are supported.
- Excellent funding.
Cons:
- Risk policies are more stringent.
- Rapid growth can limit support.
- Constant rule changes.
- Some accounts have restrictions.
- Not recommended for traders who dislike challenge evaluations.
5. Pips Prop
Pips Prop is a prop trading firm that provides funded forex accounts for traders wanting access to outside capital. The firm has various evaluation programs, differentiated by account size and pricing structures, to suit trader needs.
Challenge fees vary by funding package and by account balance. The company’s scaling options determine the maximum funding available. Pips Prop aims for trader-friendly conditions and allows traders to begin profit sharing once evaluation requirements have been met.
Pips Prop’s risk management framework includes a maximum drawdown and a daily loss limit. If traders want to hold positions over the weekend and want a swap-free account, check the latest account conditions as these features may differ between plans.
Pips Prop Features, Pros & Cons
Features:
- Funded accounts for forex trading.
- Low evaluation costs.
- Several account sizes.
- Profit sharing.
- Risk management trading rules.
Pros:
- Lower costs for entry relative to other firms.
- Simple challenge.
- Beginner friendly.
- Flexible trading.
- Access to capital.
Cons:
- Less proven.
- Limited info compared to major firms.
- Less advanced trading features.
- Funding options might be less.
- Traders must check the current rules.
6. Take Profit Trader
Take Profit Trader focuses on funding programs for futures trading and was founded in 2021. Unlike most forex prop firms, it limits accounts to evaluation trading in futures through simulated assessments. The firm has multiple account sizes with fees based on the corresponding futures funding package.
The account plans and trader performance determine the maximum funding levels. After meeting the requirements, Take Profit Trader has profit splits where traders can retain a large portion of their profits. Most of the firm’s risk management is done through a system of trailing drawdowns. Due to the nature of trading in the futures markets, weekend holding is limited to the futures contracts available rather than a traditional forex weekend holding.
Take Profit Trader Features, Pros & Cons
Features:
- Futures trading funding.
- Simulated evaluation accounts.
- Different account sizes.
- Profit-sharing chances.
- Risk Management systems built for Futures.
Pros:
- Tailored for the futures trader.
- Straightforward evaluation.
- Different accounts.
- Great payouts.
- Focus on futures trading.
Cons:
- Not for Forex traders.
- Knowledge of the Futures market is a must.
- Limited asset classes.
- Trailing drawdowns may be a hassle.
- Trading time may be restricted due to Market Hours.
7. Apex Trader Funding
Apex Trader Funding (2021) is a prop firm that offers funded accounts. They have different levels of evaluation accounts and charge monthly, as opposed to the traditional one-off challenge fee. They fund a good amount of capital and allow a lot of options for scaling.
After payout objectives are met, they have great profit sharing. They implement trailing drawdowns for risk control. They specialize in futures, so weekend holding would be more of a market issue, and which contracts are available, as opposed to forex swaps.
Apex Trader Funding Features, Pros & Cons
Features:
- Futures trading prop firm.
- Different Evaluation account sizes.
- Different account scaling options.
- Futures trading strategies.
- Trader profit-sharing.
Pros:
- Well-known futures prop firm.
- Large accounts.
- Good promo.
- Great futures trading community.
- Good evaluation options.
Cons:
- Monthly subscriptions.
- Trailing drawdowns may be challenging for new traders.
- Strict futures only.
- Rule may be tricky to manage.
- Futures may be complex for beginners.
8. Lucid Trading
Lucid Trading designs funded account programs and evaluations for traders who want access to large-scale, professional-level capital. The firm has various account sizes, and fees depend on which evaluation plans are chosen.
Scaling options and account limits determine maximum funding available. Lucid Trading offers structures and rules for risk management, along with drawdown limits for Lucid Trading account loss limits to encourage responsible trading.
Lucid Trading focuses specifically on futures traders, and therefore, excessive risk taking is not allowed. Since Lucid focuses on the futures market, typically, no swap trading is featured. Also, weekend holds depend on trading rules and the specific futures contracts.
Lucid Trading Features, Pros & Cons
Features:
- Provides futures trading evaluation programs.
- Offers different account sizes.
- Includes funded account opportunities.
- Uses risk management guidelines.
- Supports professional futures traders.
Pros:
- Focused futures trading environment.
- Simple account structures.
- Suitable for experienced traders.
- Provides funded capital access.
- Competitive trading conditions.
Cons:
- Limited to futures markets.
- Smaller brand recognition.
- Fewer trading options.
- Less suitable for forex traders.
- Rules may differ between programs.
9. Funded Trading Plus
Funded Trading Plus, established in 2021, has flexible funded trading programs in forex and CFDs. Options for account models include evaluation versus instant funding, with fees varying account size and program type. Scaling plans enable fund increases for traders with consistent performances.
The profit split is appealing here, and some programs allow traders to take home 100% of profits. Funded Trading Plus also employs risk management techniques that incorporate maximum drawdown and daily loss limits, along with flexible trading rules. Weekend positions and swap-free trading may be allowed in some account types.
Funded Trading Plus Features, Pros & Cons
Features:
- Funded accounts for trading forex and CFDs.
- Instant funding is available along with evaluation models.
- Numerous trading styles are supported.
- Flexible profit-sharing.
- Includes scaling plans.
Pros:
- Positive profit splits.
- Flexible models.
- Supports swing traders.
- Varied account sizes.
- Numerous trading styles supported.
Cons:
- Larger accounts require higher fees.
- Abundance of plans may be complicated for beginners.
- Policies may differ between programs.
- Restrictions may be placed on trading styles.
10. MyFundedFX
MyFundedFX, in business since 2022, offers global traders forex funded trading programs. The different challenge models use fees based on account size and evaluation type.
MyFundedFX also features scaling programs for traders deemed successful, and maximum funding is tied to these. The profit-sharing structure is competitive, and high percentages of profits are attainable post-requirements.
This firm employs daily and maximum drawdown limits of their own for risk management. If you are a trader looking for swap-free trading and weekend positions, check the applicable model as restrictions may vary.
MyFundedFX Features, Pros & Cons
Features:
- Funded forex trading programs.
- Varied challenge account sizes.
- Includes profit sharing.
- Funded accounts with trading drawdown risk management that scale.
Pros:
- Varied challenge models.
- Straightforward access to funded trading.
- Flexible models.
- Positive profit splits.
- Great for forex traders.
Cons:
- Careful review of rules is required.
- Limited markets may be available.
- Evaluation challenges may be difficult.
- Certain trading styles may be restricted.
- Reputation may be shady from time to time.
Conclusion
Prop firms enable long-term strategy traders to avoid paying swaps by providing the potential to hold trades over the weekend. The5ers, FundingPips, Alpha Capital Group, Funded Trading Plus, and others, employ diverse models addressing funding, profit splits, and risk management.
Consider the maximum funding limits, drawdown rules, payout terms, and weekend balance rules or if they are swap-free. Determine the firm that corresponds to your trading, risk, and financial strategy.
FAQ
How much does it cost to join a prop firm?
Prop firm fees vary based on account size, evaluation type, and funding model. Smaller accounts usually have lower challenge fees, while larger funded accounts require higher entry costs.
What is the maximum funding available from prop firms?
Maximum funding depends on the company and scaling program. Some prop firms provide accounts from thousands of dollars to hundreds of thousands of dollars for successful traders.
How do prop firms calculate drawdown limits?
Most prop firms use daily drawdown and maximum drawdown rules to control risk. Some futures prop firms may use trailing drawdown methods, while forex firms often use fixed percentage limits.
Can I use automated trading strategies with prop firms?
Some prop firms allow Expert Advisors (EAs), algorithms, and automated strategies, while others restrict certain trading methods. Traders should review the firm’s trading policy before using automation.
