What is a Swing account?
A Swing account allows traders to hold positions overnight and across multiple trading sessions. Unlike Intraday accounts, which require positions to be closed before the end of each trading day, Swing accounts allow positions to remain open overnight and through weekends.
Profit Benchmark targets are measured weekly instead of daily.
Key differences
Feature | Intraday Account | Swing Account |
Profit Target Period | Daily | Weekly |
Overnight & Weekend Holding | Not allowed | Allowed |
Position Close Rule | Must close daily | Can hold multi-day (no upper limit) |
Swing account pricing
Swing accounts have a one-time retail price and optional Standard Reset fees. Exact pricing depends on account size and asset class.
Account | Retail | Standard Reset |
12.5K Futures Swing | $295 | $100 |
25K Futures Swing | $595 | $200 |
25K Stocks Swing | $295 | $100 |
50K Stocks Swing | $595 | $200 |
How Swing Benchmarks work
Benchmarks measure weekly trading performance during Evaluation.
A Benchmark represents one successful trading week.
You earn one Benchmark when your realized profit from closed trades during the week meets or exceeds the weekly profit target.
Only closed trades count. Open profits do not count.
Benchmarks are evaluated at Friday end of day.
You do not need to trade every day.
Weekly Benchmark targets
Account Size | Weekly Benchmark |
12.5K Futures | $500 |
25K Futures / 25K Stocks | $1,000 / $500 |
50K Stocks | $1,000 |
Swing Benchmark ladder on a Gladiator Futures (Payout Account)
For the 12.5K Futures Swing account (25K-class):
Benchmark | Payout |
B1 | $0 (compliance / KYC review) |
B2 | $125 |
B3 | $250 |
B4 | $375 |
B5 | $625 |
B6 | $750 |
B7 | $875 |
B8 | Real Prop transition |
For the 25K Futures Swing account (50K-class):
Benchmark | Payout |
B1 | $0 (compliance / KYC review) |
B2 | $250 |
B3 | $500 |
B4 | $750 |
B5 | $1,250 |
B6 | $1,500 |
B7 | $1,750 |
B8 | Real Prop transition |
Payout processing is within 72 hours of Benchmark recording and compliance approval.
Swing Benchmark ladder on a Gladiator Stocks account
Stocks Swing accounts do not trigger per-Benchmark payouts. Benchmarks build the trader's record toward Real Prop consideration. On approval and execution of the Real Prop Trading Agreement:
25K Stocks Swing → $3,000 Signing Bonus
50K Stocks Swing → $6,000 Signing Bonus
Trades spanning multiple weeks
If a trade is opened in one week and closed in another, the profit counts toward the week in which the trade closes.
Hitting the target early
If you reach your weekly target early in the week, the Benchmark is still officially counted on Friday EOD, provided the profit target is still met and no rule violations occurred.
Is there a daily profit target?
No. Swing accounts only use weekly Benchmarks.
Is there a minimum number of trading days?
No. You can trade as often or as little as you want during the week.
Is there a time limit to pass?
No. There is no overall time limit as long as you remain within the risk limits.
Day trading on a Swing account?
Technically possible, but Swing accounts are intended specifically for swing trading strategies. If activity on a Swing account consistently resembles intraday or day trading rather than swing trading, the Risk team may review the account to determine whether it is being used in a way that attempts to bypass the intended structure or rules of the program.
Trailing drawdown
The trailing drawdown is the maximum amount your account balance can fall from its highest level.
If your account equity falls to or below the trailing drawdown limit, the account is failed.
Account Size | Trailing Drawdown |
12.5K Futures Swing | $1,250 |
25K Futures Swing / 25K Stocks Swing | $2,500 / $1,250 |
50K Stocks Swing | $2,500 |
This rule applies during market hours, overnight, and over weekends.
MAE (Maximum Adverse Excursion)
MAE measures how far a trade moves against you while it is open. Each account has a maximum allowed adverse movement per trade.
Account Size | MAE Limit |
12.5K Futures Swing | $625 |
25K Futures Swing / 25K Stocks Swing | $1,250 / $625 |
50K Stocks Swing | $1,250 |
If an account exceeds the MAE threshold three times, the account may be flagged and failed.
Overnight risk
Because Swing accounts allow overnight and weekend holding, price movements outside market hours can impact your account. If a market move causes your account to breach the trailing drawdown, the account will be failed. The firm is not responsible for losses caused by after-hours price movements.
Allowed and prohibited trading behavior
Hedging: not permitted.
News trading: allowed.
IPO trading: not permitted on Stocks Swing accounts.
Tradeable instruments
Swing accounts support both Futures and Stocks.
Each instrument has specific requirements and position limits.
Review the symbol list in the Platform & Data resources.
Position sizing — Futures Swing
12.5K Futures Swing: up to 1 currency E-mini or 3 index/energy micros
25K Futures Swing: up to 2 currency E-minis or 6 index/energy micros
Stock trading requirements (Stocks Swing)
Minimum volume requirement
Stocks must have at least 2 million shares of average daily trading volume. This requirement ensures sufficient liquidity for multi-day positions.
How to check volume
Average daily volume can be verified using most financial platforms, including TradingView, Finviz, Yahoo Finance, and Bloomberg.
Pattern Day Trader rule
The PDT rule does not apply to Swing Evaluation or Real Prop accounts.
Dividends and reverse splits
Traders should close stock positions before dividend record dates or reverse stock split events. Holding through these events may result in unexpected adjustments to positions. The firm is not responsible for account impacts caused by these events.
Account limits
You may hold up to:
5 Futures Swing accounts
5 Stocks Swing accounts
Maximum total Swing accounts: 10 (counted against the 10-per-asset-class cap).
Real Prop account limits
Once transitioned to Real Prop, traders may hold:
Up to 3 Futures Real Prop accounts
Up to 1 Stocks Real Prop account
Profit split and payouts (Real Prop)
Real Prop profit split starts at 80/20 and scales toward 90/10 as the Real Prop account grows.
Real Prop payouts are processed monthly.
Payout requests can be submitted once per month when the account is profitable and all payout conditions are met.
Fees and commissions
There are no ongoing subscription or platform fees after purchasing an account. Standard trading commissions may apply depending on the instrument traded. These are normal exchange or broker execution fees and are not additional firm charges.
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