Elite Trader Funding provide various funding plans with a maximum total drawdown of 4% and a profit target of 6%. What are the challenge rules on Elite Trader Funding prop firm?
Weāll explore the evaluation rules, prices, registration, KYC process, Commissions, payment methods, pros, and cons on this Elite Trader Funding review.
Elite Trader Funding (Company Information)
Elite Trader Funding is a prop firm based in the United Stated. The company was founded in February 2022 by a team of seasoned professionals with extensive experience in trading, banking, and web development. Key features of ETF prop firm:
- Multiple challenge options ranging from $50K to $300K;
- 100% profit split for the first $12,500 and 90% further on;
- Futures trading;
- Holliday, Weekend, and News trading;
- Transparent track record of successful traders and their payouts.
Elite Trader Funding Table of Specifics
You can trade multiple accounts with one ETF login. The firm is also a CFA Charterholder. Letās see what other specifics set Elite Trader Funding apart.
Account currency | USD |
Minimum price | $75 |
Maximum leverage | N/A |
Maximum profit split | Up to 100% |
Instruments | Interest Rate, Equity, Metals, Energy, Currencies, Crypto |
Assets | 76 |
Evaluation steps | 1-Phase |
Withdrawal methods | Rise |
Maximum fund size | $300,000 |
First profit target | 6% |
Max. daily loss | 2.2% |
Challenge time limit | Unlimited |
News trading | Allowed |
Maximum total drawdown | 4% |
Trading platforms | Tradovate, NinjaTrader, TradingView |
Commission | Variable based on the assets |
TrustPilot score | 3.8 |
Payout frequency | 10 Days |
Established country | USA |
Pros & Cons
Every prop trading platform has its strengths and weaknesses. Let's weigh the advantages and disadvantages of Elite Trader Funding prop firm.
Pros | Cons |
Multiple account sizes and evaluation types | No free Demo account |
High profit split (90% after the first $12,500) | $80/month subscription fee for live-funded accounts |
Optional $75 reset fee for failed evaluations | No overnight positions in most account types |
Funding Plans and Their Prices on Elite Trader Funding
The next subject on Elite Trader Funding review is the funding and pricing. The firm offers a range of evaluation programs to cater to different needs and risk appetites.
1 Step | EOD Drawdown | Fast Track | Static | Diamond Hands | |
$50K | $165 | $295 | - | - | - |
$100K | $205 | $430 | $75 | $135 | $365 |
$150K | $295 | $605 | - | $300 | - |
$250K | $515 | - | $175 | - | - |
$300K | $655 | - | - | - | - |
Note that upon successfully completing evaluation phase, you need to pay an $80 monthly fee to keep your real account activated. Also if you fail to complete the challenge within 30 days, you must pay the fee again.
How to Open an Account and Verify It on Elite Trader Funding?
Ready to start your journey with ETF? Here's a step-by-step guide to opening and verifying your account on Elite trader funding prop firm.
- Choose your evaluation type (1-step, fast-track, EOD, Static, or Diamond Hands);
- Select your desired account size;
- Complete the āRegistration Informationā form;
- Choose your preferred trading platform (Available options: Tradovate, Rithmic, NinjaTrader, and TradingView);
- Make a payment and receive credentials.
In order to get funded and start trding on live accounts, you must complete the KYC process and provide the following documents.
- Proof of Identity;
- Proof of Address.
Elite Trader Funding Prop Firm Evaluation Rules and Conditions
Understanding the evaluation rules is crucial for success with Elite Trader Funding. Here are the key points, from daily drawdowns to profit targets.
1 Step
The program is suitable for traders who trade fast and more frequently.
$50K | $100K | $150K | $250K | $300K | |
Total Drawdown | 4% | 3% | 3.33% | 2.6% | 2.5% |
Profit Target | 6% | 6% | 6% | 6% | 6.66% |
Max Positions | 8 minis, 80 micros | 14 minis, 140 micros | 18 minis, 180 micros | 24 minis, 240 micros | 30 minis, 300 micros |
Min Trading Days | 5 | 5 | 5 | 5 | 5 |
Payout Frequency | 15 Days for 1st to 2nd payout, then every 10 Days | ||||
EOD Drawdown
The program features an end of day trailing drawdown and daily loss limit.
$50K | $100K | $150K | |
Total Drawdown | 4% | 3.5% | 3% |
Daily Loss Limit | 2.2% | 2.2% | 2.2% |
Profit Target | 6% | 6% | 6% |
Max Positions | 8 minis, 80 micros | 14 minis, 140 micros | 18 minis, 180 micros |
Min Trading Days | 5 | 5 | 5 |
Payout Frequency | 15 Days for 1st to 2nd payout, then every 10 Days | ||
Fast Track
Are you confident in your trading skills? Set a 2-week time limit for your challenge and pay less.
$100K | $250K | |
Total Drawdown | 3% | 2.6% |
Profit Target | 6% | 6% |
Max Positions | 14 minis, 140 micros | 24 minis, 240 micros |
Min Trading Days | 5 | 5 |
Max Trading Days | 14 | 14 |
Payout Frequency | 15 Days for 1st to 2nd payout, then every 10 Days | |
Static
There is no trailing drawdown on this challenge and the starting amount of min account balance never changes.
$100K | $150K | |
Total Drawdown | 0.6% | 0.83% |
Profit Target | 2% | 2.6% |
Max Positions | 2 minis, 20 micros | 4 minis, 40 micros |
Min Trading Days | 5 | 5 |
Payout Frequency | 15 Days for 1st to 2nd payout, then every 10 Days | |
Diamond Hands
The only challenge plan that allows you to hold overnight and weekend positions is Diamond Hands. The program features end of day trailing drawdown which is applicable on funded accounts, too. The only available account size on this challenge is $100,000.
Total Drawdown | 3.5% |
Daily Loss Limit | 1.5% |
Profit Target | 5% |
Max Positions | 2 minis, 20 micros |
Min Trading Days | 5 |
Payout Frequency | 15 Days for 1st to 2nd payout, then every 10 Days |
Elite Trader Funding Bonus and Promotion Programs
Elite Trader Funding offers several enticing bonus and promotion programs, including free data, account resets, and free NinjaTrader license key. But there are two main reward plans on ETF: Affiliate and Rewards.
- Affiliate: Commissions on evaluation accounts ranging from 7% to 15%, and a $5 commission on each Reset Fee for the first month;
- Rewards: Earn 1 point for every dollar you spent and use these points to buy various products, such as account reset (1250 points), 100K Fast Track (4200 points), and 250K Fast Track (8000 points).
Available Trading Platforms on Elite Trader Funding Prop Firm
Next stop on the Elite Trader Funding review is exploring the trading platforms. The firm supports a wide range of popular trading platforms and two main data feed. ETF data feed and their compatible trading platforms:
- Tradovate: Tradovate, NinjaTrader, TradingView;
- Rithmic: R|Trader, NinjaTrader, ATAS, Bookmap, EdgeProX, eSignal, Finamark, Investor/RT, Jigsawdaytradr, Jigsawdaytradr+, MotiveWave, MultiCharts, OptimusFlow, OverCharts, Quantower, Sierra Chart, TigerTrade, Trade Navigator, VolFix, Volumetrica.
While Elite Trader Funding provides access to these platforms, it's important to note that they don't directly operate or maintain them. Traders are responsible for ensuring compatibility and compliance with platform guidelines.
Elite Trader Funding Financial Instruments
Elite Trader Funding specializes in US Futures instruments, offering a diverse range of trading opportunities.
- Interest Rate (e.g., Treasury Bonds, Notes);
- Equity (e.g., E-mini S&P 500, E-mini Nasdaq 100);
- Agricultural (e.g., Corn, Soybeans, Wheat);
- Metal (e.g., Gold, Silver, Copper, Platinum);
- Energy (e.g., Natural Gas, Crude Oil, Gasoline Physical);
- Currency (e.g., Euro, Japanese Yen);
- Cryptocurrency (e.g., Bitcoin, Ethereum).
What Payment Methods Are Available on Elite Trader Funding Prop Firm?
We have to explore the payment/payout methods in this stage of Elite Trader Funding review. The firm offers only Fiat and Crypto withdrawals via Rise. Payments are made via Credit/Debit cards, such as Visa, MasterCard, American Express, Discover, and Union Pay.
Elite Trader Funding Fee Structure (Commission and Spread)
Understanding the trading and non-trading fees is crucial for managing your trading costs. Elite Trader Funding prop firm fee structure:
- One-time activation fee: $150-$300 (depending on account size and type);
- Monthly subscription: $80 for active Elite Sim-Funded accounts;
- Market Data: $128 for CME, COMEX, NYMEX, CBOT, and $80 for Eurex;
- Commissions: $2.00 for Minis, $0.62 for Micros, and $0.69 for Eurex.
ETF Educational Resources
While Elite Trader Funding's primary focus is on providing funded accounts, they do offer some educational resources through their rather new blog in regards of subjects like futures trading, financial news, and firmās announcements.
Elite Trader Funding Trust Scores
Elite Trader Funding currently holds a TrustPilot rating of 3.8 out of 5 stars. Reviews highlight rewarding points program, excellent customer support, and clear guidelines and transparency. Evaluation prices, consistency rules, and payout policies are the areas of concern.
How to Reach ETF Customer Support
Itās time to explore support channels in this Elite Trader Funding review. The firm offers several ways to get in touch.
Chat Bot | Available on the website |
Ticket | Through the āContact Usā form |
Note that standard customer service hours are 8 am-4 pm CST, Monday through Friday. Absence of an official email address and phone number is a total letdown for potential customers.
Elite Trader Funding Social Media Handles
Elite Trader Funding maintains an active presence on social media, offering another way for traders to stay connected.
- Twitter: https://twitter.com/EliteTraderFund
- Facebook: https://www.facebook.com/EliteTraderFundingLLC
- Discord: https://discord.gg/trade-etf
- YouTube: https://www.youtube.com/@elitetraderfunding
Expert suggestions
Elite Trader Funding is a US-based prop firm providing traders with trading capitals ranging from $50,000 to $300,000.
Elite Trader Funding prop firm offers five different funding plans, including: 1 Step, EOD Drawdown, Fast Track, Diamond Hands, and Static. Share your thoughts on the Elite Trader Funding review in the comments.
