No, on the 1,2 and 3 Phase accounts you do not need to close your positions overnight.

However spreads may widen during these periods due to changes in liquidity as per real trading environments. We advise to manage your positions and risk during this period if you wish to hold trades overnight.

Can I hold positions overnight?

Yes, on the 1,2 and 3 Phase accounts you can hold positions overnight.

Traders have to be aware of the risk of doing so. Liquidity generally thins out and markets become highly volatile during rollover at around 5 PM EST and this may have an adverse impact on open positions, stop losses and take profits.

We advise you to manage your risk appropriately during these trading periods.