Definition
What is Weekend holding?
Weekend holding is keeping positions open over the weekend, from the Friday market close to the Sunday reopen; some prop firm programmes do not allow it.
Forex, gold and index markets close on Friday evening and reopen on Sunday evening. News over the weekend can make the market reopen far from Friday’s close: a weekend gap.
A gap jumps over stop losses, so a position can lose more than planned before you can react. Firms that ban weekend holding close positions automatically before the Friday close.
Swing traders who hold for several days should pick a programme that allows weekend holding, or plan to be flat every Friday.
Example
Example: a long position with a stop 30 pips away closes on Friday at 1.0800; the market reopens on Sunday at 1.0740. The stop fills near 1.0740, so the loss is about 60 pips, double the plan.
At a prop firm
During the Axora Funded 2-Step and Ascent evaluations (and on every Elite phase), open positions are closed automatically on Friday at 20:45 UTC and no new trades can be opened until Sunday at 22:00 UTC, including crypto. The 1-Step, Spark, Pass, Bolt and the funded 2-Step and Ascent accounts can hold over the weekend.
Frequently asked questions
Can I trade crypto at the weekend?
Yes on Axora Funded programmes without the weekend rule; not during the 2-Step, Ascent or Elite phases that have it.
Is the weekend close a rule breach?
No. Positions are closed automatically by the platform; the account keeps running.