REVIEW SUMMARY
Elite Trader Funding is a Futures prop firm, located in Florida, USA. It was founded in 2022.
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $300,000
Profit split: 80%
Cost: from $80/month
Platforms: NinjaTrader, Tradovate, Rithmic, and TradingView
PROS & CONS
What I like:
What could be improved:
Elite Trader Funding is a prop trading firm located in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Elite Trader Funding.
Here’s what you’re going to learn:
Elite Trader Funding is a prop firm located in Florida, USA.
Elite Trader Funding is a prop firm that funds traders to trade Futures.
Here’s a list of all of the instrument categories:
The Elite Trader Funding funds traders with account balances that go from $10,000 up to $300,000. There’s no scaling plan.
There are five different types of evaluations to apply for the funded accounts. They are:
When you pass your chosen evaluation, you’ll get an Elite Account with the same characteristics as the evaluation account that you chose.
The prices of the smaller funded account start at $45 and go up to $590 for the bigger account. These are prices to take the challenges. Once you qualify for a real account, the fee is $80/month on any account type and size.
The accounts balances announced are the final buying power, so the leverage doesn’t apply here.
Instead, you have limits on the number of contracts that you can trade on each account, which depends on the account size.
Elite Trader Funding shares the profits with the trader with an 80% profit split. You get 80% of all the profits that you made once you get funded, and the prop firm keeps 20% for them.
The exception goes for your first profits. You get them with no profit split, all your first $12,500 profits are yours entirely.
According to Trustpilot, Elite Trader Funding is classified as great. It’s scoring 4.0/5.0. It just doesn’t have tons of reviews, only 82 at the moment.
This challenge lets you apply for accounts between $10,000 and $300,000.
It was created for traders who like to trade fast and often.
Rules:
This challenge has 1 single phase. Once you pass it, you get funded with an Elite account.
This challenge lets you apply for accounts between $25,000 and $250,000. Besides the trailing drawdown, which is considered at the end of the day, this challenge also has a daily loss limit.
Here are the rules:
This challenge also has 1 single phase. As soon as you reach the goals without breaking any rule, you’ll get funded with an Elite account to trade real funds.
This challenge lets you apply for accounts between $25,000 and $250,000.
It was created for traders who believe they can hit the profit target quickly. On this challenge, you have a maximum number of days to achieve the profit target.
Here are the rules:
This challenge lets you apply for accounts between $100,000 and $150,000.
This account doesn’t have any trailing drawdown or maximum loss. Instead, it has a maximum drawdown, which is defined as a minimum account balance that cannot be reached.
Here are the rules:
This challenge lets you apply for a $100,000 account only.
This account was created for swing traders, or traders who want to have the possibility to hold their trades for longer periods than simply day trading.
Here are the rules:
Good news, you can get a 14-day trial to test before you purchase. It’s not as good as a discount or promo code, but it’s worth it.
Use the button below to claim it.
The Fast Track Evaluation offers a free repeat. It works like this, if you didn’t achieve the profit target within 14 days, your account can be turned into a 1 Step Evaluation account of the same size.
All accounts come with free real-time data and a free NinjaTrader license key.
Besides that, Elite Trader Funding supports the most popular futures trading platforms.
You can use:
All trades must be closed 1 minute before the close of the market. Please be aware that not all instruments have the same closing time. On some particular days, like holidays, the closing time may also differ from regular days.
However, if you are trading the Diamond Hands account, you can hold your trades overnight. There are no restrictions on this type of account. You can keep your trades open for as long as you need, according to your own trading style.
If you like to trade news, then this is a good prop firm for you.
There are no restrictions on news trading. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.
Yes, Elite Trader Funding is a legit company.
Contacts should be made through their website contact form.
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