Elites Funding rules require profit targets of 9% and 10%, and max losses as low as 3%. News trading, overnight, and weekend holding are fully permitted under the evaluation.
10 trading days are required for payouts, with a minimum equal to the challenge fee.
Elites Funding Rule Topics
There are certain rule categories under the Elites Funding Prop Firm; Key Areas of Elites Funding Policy:
- Challenge Rules
- News Trading
- Restricted Countries
- Use of EAs
- IP Address Rules
- Overnight/Weekend Positions
- Prohibited Strategies
- Payout Rules
Elites Funding Challenge Rules
As with many prop firms, Elites Funding sets limitations for profit target, drawdown, and profit share; Elites Funding Evaluation Rules:
Model | Phase/Stage | Profit Target | Max Overall Loss | Max Daily Loss | Profit Share |
Standard | Phase 1 | 9% | 10% | 5% | - |
Phase 2 | 5% | 10% | 5% | - | |
Funded Account | No Target | 10% | 5% | up to 90% | |
Express | Evaluation | 10% | 6% | 3% | - |
Funded Account | No Target | $600 (6%) | $300 (3%) | up to 90% |
As mentioned above, the Express plan has the lowest maximum loss.
News Trading at Elites Funding
News trading is permitted in all Elites Funding programs. Traders may execute positions before, during, or after high-impact news releases.
Elites Funding Restricted Countries
Trading is strictly prohibited from OFAC-sanctioned and FATF blacklisted countries, including North Korea and Iran.
Use of EAs in Elites Funding
Using EAs and other automated tools comes with certain limitations; Elites Funding Tools Conditions:
- Indicators are allowed;
- EAs, robots, and trade copiers are strictly prohibited.
Elites Funding IP Address Rule
Generally, trading from different IPs or via VPS is not recommended. Users must provide proof if operating from a different location.
Positions Overnight and Over the Weekends on Elites Funding
Standard Evaluation accounts are allowed to hold positions overnight and on weekends.
Elites Funding Prohibited Strategies
The following strategies are strictly forbidden and result in account termination; Elites Funding Forbidden Practices:
- Grid Trading
- Hedge Arbitrage
- Latency Arbitrage
- Tick Scalping
- Account Sharing or Sale
- Martingale Trading
- High-Frequency Trading (HFT)
- Access from Sanctioned Countries
- Collusion Between Users
- One-sided Betting
- Hedging or Group Hedging Across Accounts
- Use of Delayed Data Feed
- Trading on Delayed Charts
- Guarantee of Compliance with Limit Orders
Payout Rules set by Elites Funding
Payouts are processed after 10 trading days. Minimum payout is equal to the challenge fee.
Writer’s Opinion and Conclusion
Elites Funding rules prohibit the use of EAs, robots, and copy trading. Other strategies, including grid trading, arbitrage methods, and tick scalping, are also restricted.
Users from OFAC-sanctioned or FATF blacklisted countries must not participate, and VPS access requires proof.
For more educational content, check out the Elites Funding Tutorials page.
