Funded Elite – Firm Review
- Top-tier support for trading success
- Superior trader payouts above competitors
- Fast withdrawals within business day
- Direct mentorship from trading champions
- Customizable accounts matching your style
Company Overview
Funded Elite is a modern proprietary trading firm that provides traders access to substantial capital without requiring them to risk their own funds. Founded with the mission to empower traders of all experience levels, the company offers a structured pathway to professional trading through its evaluation-based funding model. Traders who successfully demonstrate consistent profitability through Funded Elite’s challenge programs can gain access to funded accounts ranging from $10,000 to $200,000.
What distinguishes Funded Elite in the competitive prop firm landscape is its balance of rigorous standards with achievable trading parameters. The firm’s two-phase evaluation process (Challenge and Verification) is designed to identify disciplined, strategic traders while offering some of the industry’s most favorable profit splits once funded. With a global reach and a focus on trader education, Funded Elite caters to both novices looking to break into professional trading and experienced traders seeking larger capital allocations.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee ranging from $99 (for $10K account) to $699 (for $200K account)
- Professional Challenge – Higher one-time fee with relaxed trading parameters, from $149 (for $10K account) to $999 (for $200K account)
- Free Retake Option – One free retake is provided if you fail your first challenge attempt
- Discounts – Regular promotions and volume discounts available for traders taking multiple challenges
Account Types
- Standard Evaluation: Two-phase evaluation with balanced trading objectives suitable for most traders
- Professional Evaluation: More flexible trading parameters with higher profit targets, designed for experienced traders
- Funded Account: Live trading account with real capital after passing both evaluation phases
- Scaling Account: Opportunity to increase your capital allocation after demonstrating consistent performance
Profit Split Options
- Standard Split: 80% profit split for traders on funded accounts, among the highest in the industry
- Scaling Split: Up to 90% profit split after consistent performance and account scaling
- Prompt Payouts: Bi-weekly profit withdrawals available after minimum consistency period
- No Hidden Fees: No monthly subscription fees or profit-sharing during evaluation phases
Account Sizes
- $10,000: Entry-level account ideal for beginners with lower challenge fee
- $25,000: Balanced account size for intermediate traders
- $50,000: Advanced trading capital for experienced traders
- $100,000: Professional-level account with substantial trading power
- $200,000: Maximum initial allocation for highly skilled traders
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting and analysis tools
- MetaTrader 5: Advanced platform with enhanced features and multi-asset capabilities
- TradingView Integration: Seamless connectivity with TradingView for advanced chart analysis
- Mobile Trading: Full mobile app support for trading on the go
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, S&P500, NASDAQ, and more
- Commodities: Energy, metals, and agricultural products including gold, oil, and natural gas
- Crypto: Major cryptocurrency pairs with flexible trading hours
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 6% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Initial accounts up to $200,000 with potential to scale up to $1,000,000
- Scaling: Account size can be doubled after every 3 months of consistent performance
- Trading Competitions: Monthly competitions for funded traders with additional cash prizes
- Free Trial: Demo account available for 7 days to test the platform before purchasing
- Profit Targets: 8% (Standard) or 10% (Professional) for Challenge phase; 5% (Standard) or 6% (Professional) for Verification phase
- Drawdown Structure:
- Daily: 5% (Standard) or 6% (Professional) based on account balance at day start
- Maximum: 10% (Standard) or 12% (Professional) from initial balance
- Trailing: Implemented for funded accounts to protect profits once account grows
Trading Rules and Requirements
- No holding positions over weekends without sufficient margin
- No excessive leverage or dangerous position sizing beyond risk parameters
- Minimum 5 trading days required during each evaluation phase
- No same-direction copying between multiple accounts (if you manage multiple)
- No prohibited EAs or automated systems that could pose risk to accounts
- Trading hours restrictions apply for certain high-volatility news events
- Maximum leverage of 1:100 on forex pairs and 1:20 on indices
Company Information
- Founded: 2019
- Headquarters: London, United Kingdom
- Regulation: Partnered with regulated liquidity providers
- Support: 24/5 customer service via live chat, email, and ticketing system
- Languages Supported: English, Spanish, German, French, Arabic
- Educational Resources: Free webinars, trading guides, and strategy sessions for clients
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Cryptocurrency (Bitcoin, Ethereum) (1-24 hours)
- Wise (formerly TransferWise) (2-3 business days)
Trading Commissions
- Forex: $5 per standard lot round trip
- Indices: $2-$4 per standard lot depending on the index
- Commodities: $3-$6 per standard lot depending on the commodity
- Cryptocurrencies: 0.1% per side of trade value
- No financing fees during evaluation phases
IP Rules
- One IP address per account during challenge phases
- VPN usage permitted after pre-approval for travelers
- Maximum of 3 different devices allowed per account
- Location changes must be reported to compliance department
- Multiple traders in same household must register their relationship
Video Review
Funded Elite Review
Comprehensive review of Funded Elite trading services
Unique Features
Scaling Program
- Rapid account scaling up to $1M for consistent performers
- Profit split increases with each successful scale-up
- No additional evaluation required for scaling
Trader Support
- Dedicated account managers for funded traders
- Trading psychology workshops and webinars
- Advanced performance analytics dashboard
- Community trading room with professional mentors
Why Choose Funded Elite?
Funded Elite stands out in the crowded prop trading industry by offering a balance of realistic trading parameters and generous profit splits. Their focus on trader development rather than just evaluation makes them an excellent choice for traders seeking long-term growth opportunities.
Key advantages include:
- 80-90% profit splits—among the highest in the industry
- No time limits on completing challenges, reducing pressure
- Scaling program that can grow accounts up to $1 million
- Free challenge retry if you fail your first attempt
- Bi-weekly payouts for funded traders
- Educational resources and community support
- Transparent rules and responsive customer service
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends entirely on your trading performance. Since Funded Elite doesn’t impose time limits on challenges, you can complete the challenge and verification phases at your own pace. Most successful traders complete both phases within 1-3 months. Once you’ve passed verification, you’ll typically receive your funded account credentials within 24-48 hours.
Can I hold positions over the weekend?
Yes, you can hold positions over the weekend provided you have sufficient margin to accommodate potential gaps or volatility when markets reopen. However, Funded Elite recommends reducing exposure over weekends, especially during times of anticipated market-moving events. For certain high-volatility instruments, position size restrictions may apply over weekends.
What happens if I break a rule?
The consequences depend on the severity of the rule violation. Minor infractions typically result in a warning, while serious violations like using prohibited trading strategies or exceeding maximum drawdown limits will lead to account termination. Funded Elite has a three-strike policy for minor violations before account termination. They also offer a compliance consultation service if you’re unsure about a particular trading approach.
Can I trade news events?
Yes, you can trade news events on Funded Elite accounts, but with certain limitations. During major economic announcements (like NFP, FOMC), maximum position sizes may be temporarily reduced to manage risk. The firm encourages responsible risk management during high-volatility periods rather than outright prohibiting news trading. Always check the Economic Calendar in your dashboard for any temporary restrictions before major news events.
How often can I withdraw profits?
Funded traders can withdraw profits bi-weekly (every two weeks). The minimum withdrawal amount is $100, and there is no maximum limit as long as the account maintains the required balance after withdrawal. The first withdrawal is available after completing your first 30 days as a funded trader. After that initial period, the bi-weekly schedule applies consistently, with payments typically processed within 2-3 business days.
