Funded Elite has affordable entry costs, starting at $13, and competitive profit splits of up to 95%. It caters to traders of all experience levels.
Traders can choose from 2 Step, 1 Step, Lite 2 Step, Lite 1 Step, and Instant accounts, each with flexible evaluation models and no time limits.
The firm’s broad payment options include crypto, credit cards, Google Pay, Apple Pay, and Zen.
FundedElite Company Overview
FundedElite, established in 2023, has quickly made a name for itself in the prop trading industry. Based in Italy, this innovative firm offers traders the opportunity to access virtual capital ranging from $5,000 to $300,000, allowing them to demonstrate their trading prowess without risking their funds.
FundedElite empowers traders with flexible evaluations and offers diverse account options
Funded Elite Specifications Summary
This table provides a quick overview of the prop firm's key specifications.
Account currency | USD |
Minimum price | $13 |
Maximum leverage | 1:100 |
Maximum profit split | 95% |
Instruments | FX, Indices, Energy, Metals, US-Stock |
Assets | 174 |
Evaluation steps | 2 Step, 1 Step, Lite 2 Step, Lite 1 Step, Instant |
Trading platform | MT5, TradeLocker, Edge By Axe |
Withdrawal methods | Rise |
Maximum fund size | $300K |
First profit target | 6% |
Maximum daily loss | 5% |
Challenge time limit | No limits |
News trading | Conditional |
Maximum total drawdown | 10% |
Commission per round lot | $3 - $7 for FX |
Trustpilot score | 4.7 out of 5 |
Payout frequency | Bi-Weekly after the first payout |
Established country | Latina, Italy |
Established year | 2023 |
FundedElite Pros & Cons
FundedElite offers a range of benefits and features that cater to traders of all levels, from beginners to seasoned professionals. However, like any prop firm, it also has its limitations. Let's explore the pros and cons of trading with FundedElite:
Pros | Cons |
Diverse account options | Limited educational resources compared to some competitors |
Competitive profit splits (up to 95%) | Relatively new firm (established in 2023) |
Unique "Second Chance" feature for challenge restarts | Some traders may find the evaluation process challenging |
Support for various trading platforms and instruments | - |
Fast payouts and flexible withdrawal options | - |
Despite the few drawbacks, FundedElite 's innovative approach and trader-friendly features make it an attractive option for many looking to enter the world of prop trading or expand their existing trading career.
FundedElite Funding & Price Structure
FundedElite prop firm offers five challenge types, including 2 Step, 1 Step, Lite 2 Step, Lite 1 Step, and Instant, with flexible and adjustable features like maximum loss limit, maximum leverage options, profit target, profit split, and more.
By changing any of the parameters, the challenge price will differ.
Challenge Name | Account Size | Cost |
2 Step | $7K - $300K | $41 - $6,263 |
1 Step | $7K - $300K | $52 - $6,928 |
Lite 2 Step | $5K - $300K | $13 - $4,135 |
Lite 1 Step | $5K - $100K | $18 - $5,121 |
Instant | $7K - $100K | $159 - $2,787 |
FundedElite 's pricing structure allows traders to choose an account size that matches their skills and risk tolerance, with the potential to scale up as they demonstrate consistent profitability.
FundedElite Registration & Verification Process
The FundedElite registration is quick and straightforward. The process takes under five minutes and doesn’t involve identity checks or phone confirmations. Once registered, you’ll get instant access to the trader dashboard, where you can view challenges, track performance, and manage your profile.
#1 Access the Sign-Up Portal
Head over to the official FundedElite website. Click on “Join Now” on the homepage, then select “Sign Up Now” on the login screen to begin.
#2 Enter Basic Information
Fill out the form with your details, including:
- First and last name
- Email address
- Password
Submit the form to create your account.
#3 Log In to Your Trader Dashboard
Return to the login page, input your credentials, and hit “Login”. You’ll be redirected to your personal dashboard without any delay.
#4 Purchase a Challenge
Select between the available options and pay the one-time fee to activate your trading account.
#5 Complete the KYC Procedure
When reaching the simulated funded stage, complete the KYC process by providing your current address and necessary identification documents, such as:
- A government-issued ID
- A selfie holding your ID or passport
FundedElite prioritizes a quick and efficient verification process, allowing traders to begin their challenges promptly.
FundedElite Evaluation Steps
FundedElite provides 2 Step, 1 Step, and Instant funded accounts with flexible features. It also introduces the Lite mode for 2 Step and 1 Step models with no free retries, lower prices, and lower account balances.
Note that at the time of purchasing an EliteFunded challenge, you're free to adjust your account settings. Thus, each parameter (e.g., Loss limit, Profit target, and Leverage) can be set in a range.
FundedElite 2 Step Challenge
Features | Phase 1 | Phase 2 | Live |
Profit Target | 6% - 12% | 5% | - |
Daily Drawdown | 5% | 5% | 5% |
Max Loss Limit | 5% - 10% | ||
Drawdown Type | Static | ||
Min Trading Days | 3 | 3 | 3 |
Payout Frequency | - | - | 3 - 21 |
Profit Split | - | - | 60% - 95% |
Leverage | 30 - 100 | ||
Refund | - | - | Yes |
FundedElite 1 Step and Lite 1 Step Challenges
Features | Phase 1 | Live |
Profit Target | 8% - 12% | - |
Daily Drawdown | 3% | 3% |
Max Loss Limit | 5% - 10% | |
Drawdown Type | Static | |
Min Trading Days | 3 | 3 |
Payout Frequency | - | 3 - 21 |
Profit Split | - | 60% - 95% |
Leverage | 30 - 100 | |
Refund | - | Yes |
FundedElite Lite 2 Step Challenge
Features | Phase 1 | Phase 2 | Live |
Profit Target | 6% - 12% | 5% | - |
Daily Drawdown | 4% | 4% | 4% |
Max Loss Limit | 6% - 10% | ||
Drawdown Type | Static | ||
Min Trading Days | 3 | 3 | 3 |
Payout Frequency | - | - | 3 - 21 |
Profit Split | - | - | 60% - 95% |
Leverage | 30 - 100 | ||
Refund | - | - | Yes |
FundedElite Instant Challenge
Features | Live |
Profit Target | - |
Daily Drawdown | 3% |
Max Loss Limit | 6% |
Drawdown Type | Trailing Equity |
Min Trading Days | 3 |
Payout Frequency | 3 - 21 |
Profit Split | 70% - 95% |
Leverage | 30 - 100 |
Refund | No |
Successful completion of both steps leads to a funded account, where traders can trade with FundedElite 's capital and earn up to 95% of the profits.
FundedElite Bonus and Discount Offerings
FundedElite offers various bonuses, promotions, and coupon codes to attract new clients and reward loyal customers.
- Free Retry: Available for 1 Step and 2 Step challenges
- "FAST25" PROMO: 25% off + 3 day payout add-on
- "FAST20" PROMO: 20% off + 3 day payout add-on
- "FAST10" PROMO: 10% off + 3 day payout add-on
- Subscription Bonus: 27% off on all challenges
Subscribe to the FundedElite newsletter for a 27% discount on all challenges
FundedElite Activation Challenge
The prop firm offers a unique funding program, which allows you to pay an initial fee of $5 to activate the plan. FundedElite Activation challenge features:
Features | Phase 1 | Phase 2 | Live |
Profit Target | 8% | 4% | - |
Daily Drawdown | 4% | 4% | 4% |
Max Loss Limit | 6% - 10% | ||
Drawdown Type | Static | ||
Min Trading Days | 3 | 3 | 3 |
Payout Frequency | - | - | 3 - 21 |
Profit Split | - | - | 60% - 95% |
Leverage | 30 - 100 | ||
Fee | $5 | $5 | Full Challenge Price |
Note: The FundedElite Activation challenge is only available for new clients who has not purchased any challenges before.
FundedElite Trading Rules
FundedElite rules enforce strict trading rules on VPN use, hedging, EAs, strategy risks, and news event trading to ensure fairness and security. Traders must comply with these guidelines to remain eligible during both the evaluation and funded account phases.
- VPN/VPS use is allowed, but prior approval and IP linking are mandatory;
- Hedging is only permitted within the same account — cross-account or inter-broker hedging is prohibited;
- Expert Advisors (EAs) are allowed only if used for analysis and risk control — not for trade automation or abuse;
- Martingale strategies are accepted with strict boundaries;
- Latency arbitrage is entirely disallowed;
- News trading is allowed for swing strategies — not for HFT or risk-free manipulation across accounts.
VPN & VPS Usage
Traders may use VPNs or VPS environments, provided they notify the platform beforehand by emailing support@fundedelite.com. Once approved, the user’s IP address will be associated with their trading profile to mitigate concerns related to unauthorized account access or security breaches.
Failing to report this could lead to compliance issues or account flags.
Hedging Policy
Hedging across multiple brokers or proprietary platforms to engineer risk-free profits or bypass evaluation phases is not allowed.
However, internal hedging (conducted within the same account) is permissible as long as it does not aim to exploit volatility or bypass intended risk exposure.
Use of Expert Advisors (EAs)
FundedElite supports the use of EAs or trading bots that enhance strategy development, risk control, or technical analysis.
Tools that assist in decision-making, such as those providing chart overlays or data-driven risk metrics, are welcome. However, any EA used to automate trades for unfair gains or mimic prohibited behavior is strictly disallowed.
Martingale & Arbitrage Strategies
- Latency Arbitrage: Fully prohibited. Exploiting price delays between liquidity providers and brokers to gain risk-free profit violates the integrity of the trading environment.
- Martingale: Permitted only under strict conditions. Traders may use position-sizing techniques as long as they avoid over-leveraging, do not exceed daily risk thresholds, and do not employ third-party shared EAs to execute the strategy.
News Trading Guidelines
Swing traders are allowed to trade around economic news events, provided they respect the risk principles and do not engage in high-frequency trading tactics.
Practices such as placing offsetting trades across multiple accounts during volatile events to exploit pricing gaps, especially to pass challenges, are forbidden.
FundedElite Trading Platforms
FundedElite provides traders access to industry-standard trading platforms, ensuring a seamless and familiar trading experience. The primary platforms offered include:
- Tradelocker
- MetaTrader 5 (MT5)
- cTrader
- Edge by Axe
FundedElite ensures that its platforms are optimized for low latency and fast execution, which is crucial for traders employing various trading strategies, including scalping and news trading.
TradingFinder has developed various advanced MT5 indicators that you can use for free
What Instruments & Symbols Can I Trade on FundedElite?
FundedElite offers diverse trading instruments and symbols, allowing traders to diversify their strategies and capitalize on various market opportunities. Here's an overview of the available instruments:
- Forex: major, minor
- Precious metals: Gold, Silver, Palladium
- Energy: Crude Oil, Natural Gas
- Indices: S&P 500, NASDAQ, FTSE 100, DAX
- US-Stock: Tesla, Amazon, etc
Traders can access these instruments across various account types, with specific trading conditions and leverage options. FundedElite 's wide selection of tradable assets allows for diverse trading strategies and effective portfolio management.
FundedElite Payment Methods
FundedElite prop firm offers convenient and secure payment options for traders to fund their accounts and participate in trading challenges. While credit card payments are the primary method, the firm supports other solutions to cater to a global audience. Here's an overview of the payment methods:
- Cryptocurrency via Confirmo
- Credit Cards (Visa, Mastercard, American Express)
- Google Pay
- Apple Pay
- Other via Zen
For withdrawals, FundedElite offers:
- Fast payout processing
- All methods supported by Rise
FundedElite 's flexible payment options and efficient processing times contribute to a smooth trading experience for participants worldwide.
FundedElite Commission & Costs
FundedElite strives to provide transparent and competitive pricing for its prop trading services. Here's a breakdown of the commission structure and associated costs on the prop firm's broker partners:
Market | Purple Trading | ThinkMarkets |
FX | 3$ | 7$ |
Indices | 0$ | 0$ |
AU, AG, Oil | 3$ | 7$ |
XPD, XPT, NGAS | 0$ | 0$ |
Other | 0$ | 0$ |
US Stocks | – | – |
FundedElite 's cost structure is designed to be competitive within the prop trading industry, focusing on minimizing trading costs for funded traders.
Does FundedElite Offer Vast Educational Resources?
While FundedElite excels in providing innovative trading challenges and competitive conditions, its educational resources are limited compared to some of its rivals in the prop trading industry:
- Basic trading guides on the website
- FAQ section addressing common queries
Areas where educational resources could be expanded:
- Comprehensive video tutorials
- Webinars with trading experts
- In-depth strategy guides
- Regular technical and fundamental analysis reports
- Interactive learning modules
Traders looking for extensive educational resources may need to supplement their learning through external sources or consider prop firms with more robust educational offerings.
You can check TradingFinder's Forex education for additional learning materials.
FundedElite Trust Scores on Trustpilot
The rating on the FundedElite TrustPilot profile is an impressive score of 4.7 out of 5, with more than 280 reviews. This high rating reflects the firm's commitment to trader satisfaction and overall service quality. Key points from the Trustpilot reviews include:
Positive reviews | Negative reviews |
Responsive customer support | Complains about hidden rules |
On time payouts | Some misunderstanding about KYC conditions |
Recovered full loss that caused by high impact news | Strict policies about IP detections |
However, the high trust score demonstrates FundedElite's strong reputation in the prop trading community, with many traders recommending the firm for its innovative approach and trader-centric policies.
FundedElite Customer Support Team
FundedElite prides itself on providing responsive and comprehensive customer support to assist traders throughout their journey. The firm offers multiple channels for traders to seek assistance:
- Email Support
- Live Chat
- Ticket System
While the firm doesn't offer phone support, the combination of email, live chat, and ticket system provides comprehensive coverage for most trader needs.
FundedElite Social Media Channels
FundedElite maintains an active presence across various social media platforms to engage with traders, share updates, and provide valuable insights:
- X
- Discord
FundedElite Comparison Table
The table below provides a comparison between FundedElite services and those of the top prop firms:
Parameters | FundedElite Prop Firm | Breakout Prop Firm | BrightFunded Prop Firm | Crypto Fund Trader Prop Firm |
Minimum Challenge Price | $13 | $50 | €55 | $55 |
Maximum Fund Size | $300,000 | $2,000,000 | Infinite | $200,000 |
Evaluation steps | 2 Step, 1 Step, Lite 2 Step, Lite 1 Step, Instant | 1-Step, 2-Step | 2-Step | 1-phase, 2-phase |
Profit Share | Up to 95% | 90% | 100% | 80% |
Max Daily Drawdown | 5% | 4% | 5% | 4% |
Max Drawdown | 10% | 6% | 8% | 6% |
First Profit Target | 6% | 5% | 10% | 8% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:5 | 1:100 | 1:100 |
Payout Frequency | 14 Days | Bi-weekly | 14 Days | 2 Times a Month |
Number of Trading Assets | 174 | 100+ | 150+ | 200+ |
Trading Platforms | MT5, TradeLocker, Edge By Axe | Proprietary platform | cTrader, DXTrade | Metatrader 5, CFT Platform, Crypto Futures |
Expert suggestions
FundedElite is notable for its unique offerings, such as the Second Chance program, allowing traders to restart challenges and its bi-weekly payouts after the first payout
The firm boasts a Trustpilot score of 4.7/5, with more than 280 reviews and a strong reputation for customer support and fast payouts.
Despite its strengths, there is room for improvement in educational resources and more precise guidelines.