Simulated Crypto Trading & Weekend Trading
Simulated crypto trading is only allowed on:
Simulated crypto trading is not allowed in the following scenarios:
During the weekend
Simulated Crypto trading is permitted throughout the week for Phase 1, 2, 3 and Funded for the following accounts:
Simulated Crypto trading is permitted throughout the week however, it is closed every Saturday between 5am and 9am EST which is the broker's maintenance window. They also have an hour break on Friday after market close between 5pm and 6pm EST.
Accounts Not Allowed to Hold Trades Over the Weekend
As of June 20th, 2022, The Funded Trader does not allow holding simulated trades over weekends for the following account types (Challenge & Funded):
Standard Challenge - Regular Account
Rapid Challenge - Regular Account
Dragons Challenge - Regular Account
Note: Holding simulated trades over the weekend refers to retaining them from Friday to Saturday. While these trades might be restricted, customers can still execute trades on cryptocurrency during the weekend in selected simulated markets.
Traders are fully responsible to ensure their open simulated trades are closed each week on Friday by 4:00 pm EST. We encourage traders to manually close their simulated trades.
Our system is designed to liquidate all open simulated trades on all regular accounts each Friday at 4:00 pm EST, send an email notification informing our clients, and turn demo accounts on read-only until just before market-open the following week.
However, it is possible for minor time delays in this process that can result in some simulated trades not closing prior to the 4:00 pm EST cutoff time, thus resulting in a breached account.
The Funded Trader is not responsible for breached accounts where traders do not ensure their simulated trades are closed on Fridays by 4:00 pm EST on regular accounts.
To avoid a possible breach of your account for not complying with this rule, we encourage all traders to manually close their simulated trades on each Friday by 4:00 pm EST.
Account Permissions: Holding Trades Over the Weekend & Overnight
Allowed to Trade Over Weekend
Allowed to Hold Trades Overnight (Mon-Fri)
Regular & Swing
Regular & Swing
Regular & Swing
Holding Forex / Crypto / Metals / Indices over the weekend
Please be aware, however, of the risks associated with market gaps when trading pairs that do not stay open with weekend trading hours like Forex pairs, Indices, and Commodities.
As a risk manager, it is your job to determine the risks and rewards of holding a simulated position over the weekend and we do not want to limit a trader's strategy.
If a gap occurs and causes a violation, that is the trader’s responsibility.
We do not allow the trading of shares and therefore we do not support trading shares over the weekend or overnight.
The simulated max daily drawdown resets every day at 5:00 PM EST. To ensure smooth functionality, we advise our simulated traders to not execute trades in between the window of 4:57 PM - 5:03 PM EST when the drawdown is being reset.
Once your last simulated balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new simulated Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached.