Elite Trader Funding is accelerating their development of funded trader products. They have introduced unique features to the industry by offering different exchanges, Keep 100% of your first $12,500 in profits!. To make things even sweeter, Elite Trader Funding prop firm now let’s you qualify in just 5 days making the program even better than before! From the buzz that this prop firm is creating online, it seems like more and more traders are choosing it over TopStep Trader to use Tradovate linked to their TradingView accounts.
Pay as little as $40 to get a chance at funding with fast growing trader funding company. If you do not succeed, you can reset all accounts for industry low $75. Their data feed is also priced very reasonably at $80. With our discounts for Elite Trader Funding you should be able to buy new accounts for cheaper than industry low reset price.
Is Elite Trader Funding Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not.
I have talked to the management team at Elite Trader Funding extensively and not only do they pay traders, they are very committed to being one of the premier funded futures trader programs. As well I know several funded traders with Elite Trader Funding who receive payouts monthly.
What Is The Profit Split With Elite Trader Funding?
Elite Trader Funding offers a 2 tier approach that is favorable for the traders:
- Keep 100% of your first $12,500 in profits!
- Thereafter it is a 80/20 split, meaning the trader keeps 80% of their earnings
Is There A Daily Draw Down With Elite Trader Funding?
Elite Trader Funding does not have a daily draw down and depending on which account type you choose. And End of Day drawdown is always more favorable, but usually this comes with a price. I would suggest looking over the various evaluations they have and deciding which is best for you. Learn more on Elite Trader Funding’s Knowledge Base under the Evaluation Account section. If you are not familiar with the various types of draw downs make sure you fully understand them before jumping in and trading.
What Are The Rules of Elite Trader Funding to Pass?
The rules to pass are honestly pretty straight forward.
- Meet the profit goal for your chosen account size
- Do not violate any Drawdown rules, whether end of day or trailing
- Do not trade more contracts than allowed
That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.
1 Step Evaluations – Best Drawdown to Profit Target Ratio
Single step evaluations offering some great value at current discount.
1 Step evaluations start from 1:1 profit target to drawdown ratio in $25,000 account, where traders have to reach $1500 profit target without violating $1500 drawdown. With Elite Trader Funding allowing up to 10 programs per user. Traders seeking larger accounts can attempt to qualify for up to $75,000 , assuming evaluation successfully passed.
Like all programs at elite, evaluations are very straight forward with no hidden rules or tricky scaling plans to adhere to.
Single Step evaluation highlights:
- Single max drawdown amount – no need to account for daily and weekly drawdown. Single drawdown figure to stay above before reaching profit targets
- 10 day minimum – traders can qualify for funding in as as few as 10 days. If you need more time, you can take as long as you need.
- Profit Target – since the evaluations are comprised of only one evaluation step. Traders only need to reach single profit target figure and minimum day requirement to qualify for funded account.
- No scaling – trade full size from the beginning. If you choose of course. Traders can also trade micro contracts to lower risk or break down positions better. In the current volatility environment maximum position size is pretty high for the account sizes. But nice to have the option to trade at very high leverage. More important for growing funded account.
- Real-time data included
- Ninjatrader license included.
- Mobile trading option available – newly added option to trade via Tradingview and Tradovate mobile friendly platforms.
- Resets $75 – cheapest reset price in the industry. Restart your evaluation as necessary.
Fast Track – Low cost evaluations for Aggressive Traders
Very low cost opportunity to get funded. Perfect for aggressive traders who generally pass or fail these types of evaluations well within 10 trading days.
How are fast track evaluations different from 1 Step Evaluations?
- Much cheaper
- Maximum of 14 calendar days to complete 10 trading days
Get a chance at funding for as little as $45 before any discounts applied.
Largest fast track account offers $6,500 in drawdown for only $150 in fees before any discounts. Incredible max drawdown to evaluation fee paid ratio.
EOD Drawdown Evaluations – Best for traders
1 Step and Fast track evaluations feature trailing drawdown type. Meaning drawdown does not stop trailing by max drawdown amount in the valuation phase, and trails until initial balance is reached in funded environment
For traders uncomfortable with trailing drawdown – Elite Trader Funding offers Static Drawdown account option.
Static minimum balance never trails no matter the fluctuations in the account.
Static Drawdown trader evaluation accounts parameters:
- maximum receive: 250k$
- Maximum profit target: 15k$
- Maximum loss limit: 4.3k$
- $75 resets
Elite offers great value for traders looking to be evaluated for funded accounts at low cost. Get access to high leverage from $45 and be funded in as few as 10 days.
Elite Trader Funding Program Breakdown
Elite Trader funding programs from $45 to $75,000 of drawdown accounts offer something for traders of all trading style and budgets. Three types of 10 day trader evaluations allow traders to leverage a small evaluation fee into a funded trader account. Virtual or starting balance of the accounts represents roughly the amount of funds necessary to trade allowed contract amount in live brokerage account. It is not significant in evaluating value of the programs. Let’s take a look at features that do define the differences between the programs.
Max Position: Maximum amount of contracts traders can trader in a particular account. Elite trader funding allows maximum size to be used from the first trade. Great for traders who are tired dealing with various scaling plans getting traders in trouble.
Elite offers some of the largest maximum positions per equivalent evaluation. While it is great that risk in evaluation account is limited to fees paid, and traders do not assume any additional risk in trading such high leverage. It is important to note that this is extremely high available leverage and would likely be poor risk management to use full possible allotment. However, it is nice for traders to have opportunity to decide for themselves just how agressive they would like to get with their evaluations and funded accounts.
Note: Our standard customer service hours are 8am-4pm CST – Mon-Fri. Our fastest response times are in those hours. Response times may be slower outside of those hours, but we strive to provide the fastest support possible on every occasion.