Phidias PropFirm vs TopStep for Swing Trading

Phidias PropFirm is better for swing trading. Overnight holding is allowed, so you can ride multi-day moves. Weekend holding is permitted, giving you full flexibility on weekly timeframes. News trading is unrestricted. Updated March 2026.

Verdict for Swing Trading

Recommendation: Phidias PropFirm is the better choice for swing trading.

	Phidias PropFirm	TopStep
Overnight Holding	Allowed	Not allowed
Weekend Holding	Allowed	Not allowed
News Trading	allowed	allowed
Min Trading Days	5	None
Max Drawdown Type	Static (floor never moves)	Trailing EOD (floor moves up at end of day)
Consistency Rule	None	No single day > 50% of total profit
Inactivity Limit	30 days	None

Swing Trading Analysis

Swing trading requires holding positions for days or weeks. The most critical rules are overnight and weekend holding policies. Phidias PropFirm allows overnight holding. TopStep requires flattening before close.

Weekend gaps can make or break swing trades. Phidias PropFirm lets you hold through weekends, which means you can ride weekly chart setups without forced exits. TopStep also requires flattening before the weekend.

News events are part of swing trading life. You will inevitably hold through NFP, FOMC, or CPI releases. Phidias PropFirm has no news trading restrictions. TopStep is unrestricted.

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Frequently Asked Questions

Can I hold positions overnight with Phidias PropFirm and TopStep?

Phidias PropFirm allows overnight holding. TopStep does not allow it. Phidias PropFirm is the only option here for swing trading.

Can I hold trades over the weekend on Phidias PropFirm or TopStep?

Phidias PropFirm allows weekend holding. TopStep requires flattening before weekend holding. Weekend gaps carry risk, but swing traders on higher timeframes need this flexibility.

Is Phidias PropFirm or TopStep better for trading news events?

Phidias PropFirm fully allows news trading. TopStep fully allows it. Swing traders often need to hold through news events like NFP and FOMC, so unrestricted news trading is a significant advantage.

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