Best Prop Firms for Overnight Holds

Futures vs forex on overnight holds

Most US futures prop firms force you flat by the futures session close because overnight margin is 10x higher than intraday and the firm doesn't want the risk. Forex-focused firms (FTMO, The5ers) allow overnight and weekend holds because CFD positions don't have the same margin step. If you need overnight, forex or CFD is the realistic path.

The swap-fee reality

Holding overnight on forex costs you swap. Long USD/JPY positions pay positive swap (you earn interest) in high-rate environments; long EUR/USD usually costs swap. Prop firms pass swap through 1:1. Over a 30-day hold, swap can eat 1–2% of your P&L. Factor it into your expected return before going big on overnight positions.

Weekend gap risk

If you hold over the weekend and there's a geopolitical event, Monday can open 2–5% away from Friday's close. That gap can breach your daily loss on the first tick of the week. Most prop pros flatten on Fridays unless the expected value clearly justifies the gap risk.