Funded Wolf allows traders to hold their trades overnight and over the weekends without any restrictions in the Evaluation, Stellar Lite, Stellar, and Express Non-Consistency Challenges.
However, for the Express Consistency Challenge, traders are allowed to hold their trades overnight, but it is prohibited to keep positions open over the weekend. All trades must be closed at least 15 minutes before the market closes on weekends. It is important to note that if trades are not closed within the specified timeframe, the system will automatically close them. It is important to note that failing to close trades before the weekend close will not be counted as a violation.
Important Note: Traders are permitted to hold positions overnight and over the weekend with both your Challenge and Funded Wolf Accounts. However, swap charges will apply to these positions and will count toward your daily loss calculation.
To find more details on swap rates, right-click on the trading pair and select the “Specification” section, where you can see additional charges or conditions. Please note that swap charges are applied at a fixed rate of three times (3x) for all assets. The specific day this charge is applied depends on the asset class. Forex and commodities swaps are charged triple on Wednesdays, while indices and crypto currency swaps are charged triple on Fridays.