Every position on an Eiger account has to be closed before 22:00 UTC. From 22:00 to 23:00 UTC you cannot open or close anything, and no position may be held while markets are shut at the weekend.
Key takeaways
- A position still open past 22:00 UTC breaches the account.
- From 22:00 to 23:00 UTC no position may be opened or closed. The site says this is when spreads and swaps are recalculated.
- Holding a position while markets are shut fails the account.
- The rules are set in UTC. Your local clock moves with summer time; the cutoff does not.
The three rules as the site states them
All three sit in the holding and news table of the trading rules page:
| No overnight holding (cutoff) | 22:00 UTC | Positions still open past this UTC hour breach the account. |
|---|---|---|
| Server rollover window | 22:00 to 23:00 UTC | Positions may not be opened or closed while spreads and swaps are recalculated. |
| No weekend holding | Enforced | Holding positions while markets are shut fails the account. |
The same table applies to the evaluation and to the funded account, on every program. The rules page says every rule on it applies during the evaluation, and only the drawdown limits are different there.
Why the cutoff and the rollover hour fit together
Read the first two lines side by side. At 22:00 UTC nothing may still be open. From 22:00 UTC nothing may be closed. So a position has to be closed before 22:00 UTC, not at it. There is no moment in the rollover hour when closing a late position is allowed.
The rollover hour is the one rule on this page with a reason given: spreads and swaps are recalculated in it. Opening is also banned in that hour, so the first new position of the next session can be opened from 23:00 UTC.
The site does not mention pending orders in these rules. A pending order that fills at 22:20 UTC opens a position inside the rollover window, and a position opened then would also be open past 22:00 UTC. If you use pending orders, cancel them before 22:00 UTC.
Flat before 22:00 UTC, every day, is the whole rule in one line.
One trading day, hour by hour
Take a €25,000 2-Step Challenge on a Wednesday. The target is 5% per step, €1,250. The daily loss limit while you evaluate is 5%, also €1,250, and the overall limit is 12%, €3,000.
| Tuesday 23:00 UTC | Open | The rollover hour has ended. New positions may be opened from here. |
|---|---|---|
| Wednesday, during the day | Open | Normal trading under every other rule: stop-loss within 10 minutes, no opening or closing in a news window. |
| Wednesday, before 22:00 UTC | Close | Every position closed and every pending order cancelled. Leave yourself a margin. |
| Wednesday 22:00 to 23:00 UTC | Locked | No opening, no closing. The account should be flat. |
| Wednesday 23:00 UTC | Open | The next session starts. |
If the account were up €1,000 at 21:59 and one position was left open past 22:00, the profit would not matter. The account fails on the holding rule. A breach is a breach whatever the balance shows.
The timeline also makes the five trading days rule easy to read. A trading day is a UTC calendar day on which a trade was closed or a position was open. A position opened after 23:00 UTC and closed the next day is open on two UTC calendar days, so both count. A position opened and closed between midnight and 22:00 UTC counts for that one day.
Friday and the weekend
The weekend rule says you may not hold positions "while markets are shut". The site does not give a separate Friday cutoff. It does not need to for most positions: the 22:00 UTC cutoff already applies every day, Friday included, so a position closed before 22:00 UTC on Friday is not held into the weekend.
Where the weekend rule matters is if a market you trade shuts earlier than 22:00 UTC on a Friday. The rule is written in terms of markets being shut, not a time of day. The site does not list closing times per instrument, so check the hours of what you trade on the platform and be flat before that market shuts.
UTC and your own clock
Every time in these rules is UTC, and UTC does not change for summer time. Your local time does. In London, 22:00 UTC is 22:00 in winter and 23:00 in summer. In Central Europe it is 23:00 in winter and midnight in summer.
If you set a reminder on your phone to close positions, set it from the UTC time, and check it again when the clocks change in spring and autumn. A reminder that was right in March can be an hour late in April.
These rules are about when you hold, not how much you lose. The daily loss limit is a separate rule, and the daily drawdown article covers it. Your account is a Simulated Demo Trading Account, sold as a digital product, and every one of these rules is checked automatically against its trade history.
Frequently asked questions
Can I close a position at 22:30 UTC?
No. From 22:00 to 23:00 UTC positions may not be opened or closed, and any position still open past 22:00 UTC has already breached the account. Close before 22:00 UTC.
When can I open the first trade of a new session?
From 23:00 UTC, when the rollover window ends. Opening between 22:00 and 23:00 UTC is not allowed.
Does the overnight rule apply to the funded account?
Yes. It is part of the main rule set on the trading rules page, which governs funded accounts and also applies during the evaluation.
Is there a separate Friday close time?
The site does not give one. The 22:00 UTC cutoff applies every day, and the weekend rule bans holding positions while markets are shut. If a market you trade shuts earlier on Friday, be flat before it does.
Read the rules, then pick a program
Every rule that can fail an account is published in full before you pay. Three programs, five sizes, an 80% reward and no time limit on any step.