In the field of proprietary trading, Funded Elite (founded in 2023) has emerged as a prominent player, offering aspiring traders a unique opportunity to showcase their skills and earn substantial profits. As we delve into this Funded Elite review, we'll explore the company's innovative approach to prop trading, its diverse range of account options (Elite, Elite Now, 1-step, 2-step), and the features that set it apart in a competitive market (Second Chance).
Whether you're a seasoned trader looking for new opportunities or a novice eager to test your strategies, this guide will provide valuable insights into what Funded Elite Prop Firm offers.
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 $7,000 to $200,000, allowing them to demonstrate their trading prowess without risking their funds.
Funded Elite specifications summary
This table provides a quick overview of FundedElite's key specifications, showcasing the firm's diverse offerings and flexible trading conditions:
Account currency | USD |
Minimum price | $79 |
maximum leverage | 1:50 |
maximum profit split | 95% |
Instruments | FX, Indices, Energy, Metals, US-Stock |
Assets | Tesla, Gold, Oil, S&P500, EUR/ESD, etc. |
evaluation steps | 1-step, 2-step |
Trading platform | MT5, TradeLocker, Edge By Axe |
Withdrawal methods | All supported by Rise |
maximum fund size | $200K |
first profit target | 8% |
Max. daily loss | 5% |
Challenge time limit | No limits |
news trading | Allowed |
Maximum total drawdown | 10% |
commission per round lot | $3 - $7 for FX |
trust pilot 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 various funding options for different trader needs and experience levels.
Here's an overview of their funding tiers and associated costs:
Challenge Name | Account Size | Cost |
2-step | $7K - $200K | $79 - $945 |
1-step | $7K - $200K | $90 - $1085 |
Elite | $25K - $100K | $169 - $349 |
Elite Now | $7K - $100K | $275 - $3900 |
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 Evaluation steps
FundedElite employs both two-step and one-step evaluations to identify and nurture talented traders. This structured approach helps the firm assess a trader's skills, risk management abilities, and consistency. Here's a breakdown:
Challenge | Profit Target | Max. Daily Loss | Max. Total Loss | Leverage up to |
2-step | 8%, 5% | 5% | 10% | 1:100 |
1-step | 10% | 3% | 8% | 1:100 |
Elite | 8%, 5% | 3%, 3% | 6%, 6% | 1:100 |
Elite Now | N/A | 4% | 6% | 1:100 |
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
Funded Elite offers attractive bonuses and discounts to new and existing traders, making their services more accessible and rewarding. Here are some of the available options:
- SPOOKY23 for 23% off 1 & 2 step challenges;
- SPOOKY10 for 10% instant funding;
- SPOOKY for 20% off elite challenges.
Additional benefits include:
- Free second chance opportunities on all challenges;
- 27% off for all challenges as Subscription Bonus.
These promotional offers demonstrate FundedElite's commitment to supporting traders at all levels, from beginners to seasoned professionals.
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:
- Crypto 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 two different brokers:
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 | ā | ā |
FundedElite 's cost structure is designed to be competitive within the prop trading industry, focusing on minimizing trading costs for funded traders.
Funded Elite Trust scores on Trustpilot
FundedElite has garnered an impressive trust score of 4.7 out of 5 on Trustpilot 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;
- Instagram;
- LinkedIn;
- Discord;
Expert suggestions
Overall, Funded Elite is a competitive prop trading firm offering traders access to significant capital with a flexible evaluation process and up to a 95% profit split. With a starting price of $79, 1:50 leverage, and access to diverse assets like Forex, stocks, and commodities, it caters to a wide range of strategies. However, there are many aspects of improvement including a deeper educational resources and more transparent rules. What do you think about Funded Elite prop firm? Feel free and comfortable to write with your thoughts on this review in the comments.
