Elite Trader Funding

Set up in 2022 by three professional traders, Elite Trader Funding is a proprietary trading firm based in Delaware, United States. The firm has a solid reputation, with reviews from 165 traders globally on Trustpilot, and are particularly popular for their approachable customer support.

Traders partnering with the prop firm are given access to up to 20 trading accounts under one login, accompanied by a generous profit-sharing structure. Monthly sales and discounts add further appeal. Small downsides are that the firm maintains restrictions on trading during market closures and enforces a stringent trailing drawdown policy; however, trading during news events and on holidays is permitted.

Elite Trader Funding offers a range of account options, including eight sizes for 1 Step Evaluations, three sizes for Fast Track Evaluations, six account sizes for End of Day Drawdown Evaluations, two for Static Drawdown Evaluations, and one called Diamond Hands Evaluation. Each account comes with its own pricing structure. Upon purchasing an account, traders are sent their login information through email, and can start trading on platforms NinjaTrader and Tradovate.

During the evaluation period, traders need to adhere to five basic rules, although not all rules apply to every account option. These rules encompass restrictions on the maximum number of trading days, a capped drawdown limit, an obligation to achieve a predefined profit target, and the use of certain trading instruments during designated trading hours.

This review covers all the details of Elite Trader Funding. We address any potential queries you may have as well as providing guidance for traders considering beginning their evaluation with the firm.

Elite Trader Funding was established in 2022 in the US – Delaware, to be specific – by a team of three professional traders, Kanwal, Clint and Eric. The firm’s principal objective is to provide funded trading accounts to “Elite” traders who can pass the evaluation challenge.

A proprietary trading firm trades financial assets using its own capital, which is distinct from client funds. As opposed to investment firms, the primary emphasis of prop trading firms is on generating direct profits from the market. Usually, these firms enlist professional traders who employ various trading strategies to generate profits for the firm. In return, traders are typically rewarded with a percentage share of the profits they generate.

Below we list some of the myriad benefits of working with Elite Trader Funding:

  • Free trial: The firm offers a free trial of the $250K Fast Track account (on NinjaTrader only) which lasts for 14 days, allowing users to familiarise themselves with the platform before committing.
  • Multiple funding programs: Elite Trader Funding provides traders with a range of five options, with 20 account sizes. Every evaluation comes with its specific criteria, including profit targets and drawdown limits. This adaptability enables traders to select the option best fitted to their individual risk appetite and trading style.
  • Multiple accounts: Traders can enjoy up to 20 trading accounts, all under one login.
  • Attractive payouts and profit split: Traders receive the entirety of the initial $12,500 they generate in profits and retain 90% of their profits after this.
  • Complimentary NinjaTrader platform license: Included with all accounts.
  • Trader-focused approach: Elite Trader Funding are dedicated to empowering their traders to succeed. Retail traders are provided with a platform on which to prove their prowess, and those who can are rewarded with funding opportunities. As traders retain a substantial part of the profit they generate, traders who perform well are helping both themselves and the prop firm.
  • Flexible trading conditions: Traders partnering with Elite Trader Funding can trade at times that suit them, including during the news. These adaptable conditions mean the firm caters to an array of trading styles.

Pricing for Elite Trader Funding accounts start at $45 and goes up to $745, based on which option and account size you choose. The table below breaks the fees down by option and account size:

Option

Account size (Eval)

Price

Fast Track Evaluations

$25K

$45

Fast Track Evaluations

$100K

$75

Fast Track Evaluations

$250K

$150

1 Step Evaluations

$10K

$80

1 Step Evaluations

$25K

$145

1 Step Evaluations

$50K

$165

1 Step Evaluations

$75K

$185

1 Step Evaluations

$100K

$205

1 Step Evaluations

$150K

$295

1 Step Evaluations

$250K

$515

1 Step Evaluations

$300K

$655

End of Day Drawdown Evaluations

$25K

$275

End of Day Drawdown Evaluations

$50K

$295

End of Day Drawdown Evaluations

$75K

$365

End of Day Drawdown Evaluations

$100K

$430

End of Day Drawdown Evaluations

$150K

$605

End of Day Drawdown Evaluations

$250K

$745

Static Drawdown Evaluations

$100K

$135

Static Drawdown Evaluations

$150K

$300

Diamond Hands Evaluations

$100K

$365

1 Step Evaluation accounts require a minimum of five trading days and entail an intraday unrealised profit trailing drawdown. See below for all the details.

End of Day Drawdown Evaluations are also just one stage, with a minimum of five trading days required. These evaluations have an end of day trailing drawdown, as the name implies. Traders should be aware that funded accounts also have end of day drawdown. See below for all the details.

Fast Track Evaluation accounts are one stage, require a minimum of five trading days and entail an intraday unrealised profit trailing drawdown. Traders have a maximum of 14 calendar days to complete the evaluation and are not allowed any resets. See below for all the details.

Elite Trader Funding provides traders with a variety of evaluation types, each accompanied by its own set of criteria that encompass factors such as the initial balance, drawdown limits, maximum trading days and profit targets. Upon successfully meeting these criteria over a minimum of five trading days, traders qualify for funding.

The profit-sharing structure offered by the prop firm is highly competitive: traders retain the entire initial $12,500 they generate in profits and keep 90% of profits after this. Traders also have the flexibility to reset their evaluation for a fee of $75, enabling those who hit the maximum drawdown limit to simply start their evaluation again.

The following steps will get you started trading with Elite Trader Funding:

  1. Go to the firm’s website and set up an account
  2. Decide which evaluation account will best meet your trading needs
  3. Use the Stripe payment method to buy your selected account
  4. Wait for your account to be activated by the firm
  5. Commence trading!
  6. Make sure you stick to rules and guidelines, including maximum drawdown limits
  7. Use the program’s criteria to assess your trading performance
  8. If you successfully complete the evaluation, you will qualify for funding
  9. Begin trading on your funded account
  10. Request withdrawals or payouts from the profits you make on your funded account

The specific rules for each evaluation option vary; we take a look at these below:

Fast Track Evaluations:

  • Adhere to the trailing drawdown
  • Don’t trade during non-approved hours
  • Avoid trading instruments that aren’t permitted
  • Reach the profit target in a maximum of 15 days

1-Step Evaluations:

  • Adhere to the trailing drawdown
  • Don’t trade during non-approved hours
  • Avoid trading instruments that aren’t permitted

End-of-Day Drawdown Evaluations:

  • Adhere to the EOD drawdown
  • Don’t breach the daily drawdown
  • Don’t trade during non-approved hours
  • Avoid trading instruments that aren’t permitted

Static Drawdown Evaluations:

  • Don’t breach the static drawdown
  • Don’t trade during non-approved hours
  • Avoid trading instruments that aren’t permitted

Diamond Hands Evaluations:

  • Don’t breach the trailing drawdown
  • Don’t hit the daily drawdown
  • Don’t trade during non-approved hours
  • Avoid trading instruments that aren’t permitted

Traders also need to achieve the three following trading objectives, for all evaluation options:

  • Trade for at least five days
  • Hit the profit target
  • Ensure you observe the consistency rule, which stipulates that the profit generated from any single trading day should not account for more 40% of your total profits

How Does Elite Trader Funding’s Trailing Maximum Drawdown Work?

The firm’s Trailing Maximum Drawdown operates dynamically, adjusting intratrades and intraday. It functions as the moving stop loss for the account. It differs from end of day drawdown calculations in that the drawdown threshold dynamically increases in real-time as profits accumulate but does not move during losses. If your account balance breaches this threshold, your account will be terminated.

How does Elite Trader Funding’s EOD Drawdown work?

Elite Trader Funding‘s End of Day Drawdown looks at a trader’s account balance at the close of the trading day. In contrast to real-time adjustments, the mechanism monitors if the account balance dips below a pre-established limit only at the close of the trading day. Should the balance breach this limit by the day’s end, it may lead to termination of the account. This process allows intra-day fluctuations while still necessitating a day-end balance above the threshold.

Every trade must be finalised one minute prior to the market’s closing time. Each instrument may have a unique closing time, sometimes impacted by holidays. However, traders with a Diamond Hands account have no limitations, allowing them to hold trades overnight or for extended periods. The firm welcomes enquiries and provides technical support for both clients and non-clients between the hours of 08.00 and 16.00 CST.

Elite Trader Funding offers a diverse range of trading instruments, as follows:

  • Equity futures: 11 types (including E-mini S&P 500, NASDAQ 100, Russell 2000, and others).
  • Currency futures: 9 types (covering major currencies like AUD, GBP, EUR and JPY).
  • Interest Rate futures: 14 variants (spanning 10-Year, 2-Year, 30-Year, 5-Year yields, and others).
  • Energy futures: 7 varieties (Including Crude Oil, Natural Gas, Heating Oil).
  • Metal Futures: 5 versions (Gold, Silver, Copper, Palladium, Platinum).
  • Cryptocurrency futures: 4 types (Bitcoin and Ethereum with their micro variants).
  • Agricultural Futures: 12 forms (covering Corn, Soybean, Wheat, Cattle, and others).

Every account at Elite Trader Funding includes complimentary access to real-time data and also a free NinjaTrader license. The firm works with over 31 trading platforms, including renowned options such as Tradovate, NinjaTrader, Rithmic and TradingView. The prop firm also provides support for various trading tools, ensuring a seamless and efficient trading experience.

Payouts for US traders are facilitated via ACH, while those located outside the US have the option of receiving payouts through PayPal, Wise or Stripe. You can request a profit withdrawal after 15 trading days, with a minimum withdrawal amount of $100. Withdrawal limits are contingent on your account size and payout cycle. For instance, in the first cycle for a $10,000 account, the withdrawal limit is set at $1,000.

  • Two-week free trial
  • A variety of evaluation options accommodate diverse trading styles
  • Trading conditions are adaptable, with no limitations on trading hours
  • Traders enjoy a 90% profit share after the initial $12,500 in profits
  • Monthly subscribers whose accounts are failed will receive complimentary resets for evaluation accounts
  • The platform allows trading across as many as 20 accounts under a single login
  • Traders with limited experience may find sticking to daily loss limits and maximum drawdown rules tricky
  • The platform exclusively supports futures trading
  • Holding overnight trades is not allowed, potentially limiting the application of strategies reliant on longer-term positions

Elite Trader Funding presents an unparalleled opportunity for seasoned traders to prove their capabilities and attain funding. The firm’s dedication to their traders, competitive profit-sharing model and array of educational tools set their funded stock trading accounts apart. Additionally, the provision of a free trial period lets aspiring traders acquaint themselves with the platform before committing any capital. While there are a few small downsides, such as restrictions on holding trades overnight, the benefits offered by the firm easily compensate for these considerations.

Overall, Elite Trader Funding’s ethos of putting the trader first, combined with their focus on profit, make it an original and highly attractive platform for those looking to advance their trading careers. Take advantage of the coupon code FundedProgram to save 65% and get started with Elite Trader Funding today!

Please refer to the following pages of our website to read about similar other Futures Prop Firms in the industry: Bulenox Review

Yes. We offer a 14 day free trial so you can get ready for your evaluation by trading a simulation account. You will be provided with a 250K Fast Track account for your trial. You cannot qualify for an elite account from a trial account. There is only one trial allowed per trader. Click here to sign up for the free trial.

Depending on which evaluation you choose the rules can vary. Please see our products page for details on each evaluation type.

No problem! Simply purchase a reset and try again. Note: There are no resets in Elite accounts or Fast Track evaluations.

5 days or more for all evaluations.

We pay our Elite Traders using Rise. Rise offers flexible withdrawal options, including ACH and crypto! Read about how our payout process works.

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