Elite Trader Funding – Firm Review
- Outstanding capital access for talented individuals
- Exceptional payouts with swift processing
- Customize strategies without trade restrictions
- Market masters providing comprehensive guidance
- Multiple funding paths for beginners
Company Overview
Elite Trader Funding is a proprietary trading firm that offers traders the opportunity to access significant capital without risking their own money. Established with the mission to empower traders of all experience levels, Elite Trader Funding provides a structured path to becoming a funded trader through their evaluation process. The company stands out for its trader-friendly rules, including no minimum trading days, multiple scaling opportunities, and generous profit splits.
What distinguishes Elite Trader Funding from competitors is their focus on realistic trading conditions, supportive community environment, and transparent challenge structure. Traders can choose between Standard and Professional challenge options, with account sizes ranging from $25,000 to $200,000. Whether you’re a day trader, swing trader, or scalper, Elite Trader Funding accommodates various trading styles across forex, futures, and other markets through industry-standard platforms.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee based on account size, starting at $129 for $25,000 accounts
- Professional Challenge – Higher initial investment with faster evaluation process, starting at $259 for $25,000 accounts
- Discounted retakes – Reduced fees for repeat attempts at either challenge type
- Free trial option – Available for first-time users to experience the platform before committing
Account Types
- Standard Challenge: Two-phase evaluation with reasonable profit targets and risk parameters
- Professional Challenge: Accelerated evaluation with slightly stricter requirements but faster path to funding
- Funded Account: Achieved after successful completion of evaluation phases, allowing real trading with company capital
- Scaling Account: Upgraded account sizes available after demonstrating consistent profitability
Profit Split Options
- Standard Profit Split: 80% for traders and 20% for Elite Trader Funding
- Advanced Trader Program: Up to 90% profit split for consistently profitable traders
- Monthly Payouts: Regular withdrawal options with no minimum threshold
- Scaling Profits: Increased earning potential as account size grows through the scaling program
Account Sizes
- $25,000: Entry-level account with lower challenge fee, ideal for beginners
- $50,000: Mid-tier account balancing affordability and trading potential
- $100,000: Advanced account for experienced traders seeking higher returns
- $200,000: Elite account offering maximum capital allocation for professional traders
- Scaling opportunities: Ability to increase account size based on performance
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting tools and automated trading capabilities
- MetaTrader 5: Advanced version with additional timeframes, indicators, and multi-asset trading
- TradingView: Web-based charting platform with social networking features and extended indicator library
- Custom Dashboard: Proprietary platform for tracking performance metrics and account statistics
Financial Markets
- Forex: Major, minor, and exotic currency pairs with flexible trading hours
- Futures: Access to a variety of futures contracts across different exchanges
- Indices: Major global stock indices including S&P 500, NASDAQ, and DAX
- Commodities: Trading opportunities in gold, silver, oil, and other popular commodities
- Crypto Futures: Selected cryptocurrency futures contracts for diversified trading
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 4% | 4% |
| Maximum Drawdown | 8% | 8% |
| Minimum Trading Days | None | None |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 4% | 4% |
| Maximum Drawdown | 8% | 8% |
| Minimum Trading Days | None | None |
Challenge Specifications
- Max Allocation: Up to $200,000 initial account size with opportunities for scaling
- Scaling: Increase account size by 25% after each profitable month (minimum 5% profit)
- Trading Competitions: Monthly competitions with cash prizes and account boosts for top performers
- Free Trial: Limited-time demo access to experience the platform before purchasing a challenge
- Profit Targets: 8% for Standard Challenge Phase 1, 5% for Phase 2; 10% for Professional Challenge Phase 1, 5% for Phase 2
- Drawdown Structure:
- Daily: 4% maximum daily loss calculated from starting balance
- Maximum: 8% overall drawdown limit from starting balance
- Trailing: No trailing drawdown, fixed limits based on starting values
Trading Rules and Requirements
- No minimum trading days requirement, allowing for quality over quantity approach
- Maximum position size limits according to account size to manage risk
- No overnight holding restrictions, allowing for swing trading strategies
- News trading permitted, providing opportunities for event-driven strategies
- No limitation on trading styles – scalping, day trading, and swing trading all allowed
- No weekend holding restrictions for applicable markets
- Prohibited activities include hedging within the same instrument and excessive risk-taking
Company Information
- Founded in 2021 by experienced traders and financial professionals
- Headquartered in the United States with a global trader community
- 24/7 customer support via live chat, email, and dedicated Discord community
- Educational resources including webinars, trading guides, and strategy sessions
- Transparent company structure with clear terms and conditions
Payout Methods
- PayPal (1-2 business days)
- Bank Wire Transfer (3-5 business days)
- Bitcoin and other cryptocurrencies (Same day processing)
- Monthly payout schedule with no minimum withdrawal amount
- Simple profit reporting dashboard for tracking earnings
Trading Commissions
- No commission charged on forex trades, only standard spreads apply
- Futures contracts have standard exchange fees plus $2.50 commission per side
- Indices and commodities traded with competitive industry-standard spreads
- No hidden fees or additional charges on funded accounts
- Transparent fee structure displayed in trading platform
IP Rules
- One IP address per trader allowed for security purposes
- VPN usage not permitted during evaluations or funded trading
- Location verification may be required during account setup
- Mobile trading allowed with proper authentication measures
- Special arrangements possible for traders with legitimate IP change needs (travel, etc.)
Video Review
Elite Trader Funding Review
Comprehensive review of Elite Trader Funding trading services
Unique Features
Trader Support
- One-on-one coaching sessions available for funded traders
- Active Discord community with market analysis and strategy discussions
- Weekly webinars covering advanced trading techniques
- Trading psychology resources to help improve performance
Scaling Program
- Progressive account growth with each profitable month
- No additional fees for scaling to larger account sizes
- Potential to reach $1M+ in trading capital through consistent performance
- Increased profit splits available as traders scale up
Trading Flexibility
- No minimum trading days requirement, unlike many competitors
- No time limit on challenge completion, reducing unnecessary pressure
- Weekend holding allowed for appropriate instruments
- Multiple trading styles supported (scalping, day trading, swing trading)
Why Choose Elite Trader Funding?
Elite Trader Funding stands out in the crowded prop firm landscape by offering a truly trader-centric approach. Their program is designed to create long-term partnerships with skilled traders rather than simply collecting evaluation fees.
Key advantages include:
- No minimum trading days requirement, allowing traders to focus on quality setups
- Generous 80-90% profit splits, higher than industry average
- No time limits on evaluation phases, reducing pressure and forced trading
- Aggressive scaling program to reward consistent performance
- Multiple account sizes to accommodate different experience levels and capital needs
- Supportive trader community and educational resources
- Transparent rules and reasonable trading parameters
Frequently Asked Questions
How long does it take to get funded?
The time to funding depends entirely on your trading performance. With no minimum trading days or time limits, some traders complete the Standard Challenge in as little as 1-2 weeks, while others take a more methodical approach over several months. The Professional Challenge typically results in faster funding due to its single-phase structure, though it has a slightly higher profit target.
Can I hold positions over the weekend?
Yes, Elite Trader Funding allows weekend position holding across all their account types. This provides flexibility for swing traders and those who prefer longer-term strategies. However, traders should be aware of weekend gap risk and manage their position sizes accordingly to protect against unexpected market movements when trading resumes.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor first-time violations may result in a warning, while serious breaches like exceeding maximum position sizes or hitting drawdown limits will result in account termination. Elite Trader Funding provides clear documentation on all rules and offers support to help traders understand and adhere to the guidelines.
Can I trade news events?
Yes, Elite Trader Funding allows news trading, setting them apart from many competitors. Traders can implement event-driven strategies around economic releases, central bank announcements, and other market-moving news. However, proper risk management is still required, and the standard drawdown limits apply during these potentially volatile trading periods.
How often can I withdraw profits?
Funded traders can withdraw profits on a monthly basis. There is no minimum withdrawal amount, and the payout process typically takes 1-5 business days depending on your chosen payment method. The company handles all withdrawal requests promptly, with most traders receiving their profit share by the 15th of each month for the previous month’s trading performance.
