Elite Trader Funding Review

If you’re looking for an opportunity to earn live funding based on your trading performance in simulated accounts, Elite Trader Funding might be worth considering. The platform offers evaluation programs that cover all aspects of trading, including risk management, and even provides trading psychology workshops. Their training program is designed to equip traders with the necessary skills and knowledge to succeed in the market.

One of the unique features of Elite Trader Funding is the ability to trade multiple accounts under one login. Additionally, traders keep 90% of all profits after their first $12,500, making it a potentially lucrative option for those looking to grow their trading account. The platform also offers several evaluation options and an optional evaluation reset fee of only $75.

Overall, Elite Trader Funding offers a comprehensive evaluation program for traders looking to earn live funding. With its focus on risk management and training, it’s a platform that aims to equip traders with the skills and knowledge necessary to succeed in the market. If you’re interested in taking your trading to the next level, it may be worth considering.

Understanding Elite Trader Funding

If you’re looking for a prop trading firm that offers a unique opportunity to earn live funding based on your trading performance in simulated accounts, Elite Trader Funding might be the right choice for you. They provide evaluation programs that cover all aspects of trading, including risk management, and offer trading psychology workshops. Their training program is designed to equip you with the skills you need to succeed in the markets.

One of the key features of Elite Trader Funding is their Elite Account, which is available to traders who pass one of their evaluations. Once you move to an Elite Account, you begin with capital and drawdowns similar to the evaluation account. The Elite Account Rules are explained on their website, and you can view their payouts page for more information on how payouts work for their Elite traders.

Elite Trader Funding allows you to trade multiple accounts under one login, which can be a convenient feature for traders who manage multiple strategies or accounts. They also offer several evaluation options, so you can choose the one that best fits your trading style and goals.

If you’re interested in joining Elite Trader Funding, you’ll need to pay attention to their fees. The one-time activation fee for an Elite Account is currently $1,250, and there are other fees associated with the program, such as the monthly subscription fee of $80 for the evaluation phase. However, if you’re switching an existing Elite sim-funded account from $80 monthly to paying the one-time activation fee, you may receive a discounted price based on how long you have maintained the Elite sim-funded account.

Overall, Elite Trader Funding is a trading platform that offers a unique opportunity for traders to earn live funding. Their evaluation programs cover all aspects of trading, including risk management, and they offer trading psychology workshops to help you develop the mindset you need to succeed in the markets. If you’re looking for a prop trading firm that can help you take your trading to the next level, Elite Trader Funding is definitely worth considering.

Elite Trader Funding Evaluation

If you’re interested in becoming a funded trader with Elite Trader Funding, you’ll need to pass an evaluation. The evaluation process is designed to test your trading skills and ensure that you’re ready to trade with real money.

There are several evaluation options available, including the 1-Step Evaluation, which is the most popular. To pass this evaluation, you’ll need to trade for a minimum of 5 days, hit your profit target, and avoid hitting your trailing drawdown. You also need to ensure that you don’t trade more than the allowed contracts and close all trades 1 minute before the market closes.

Another evaluation type is the Fast Track Evaluation, which is ideal for traders who like to trade fast and often. This evaluation has no scaling rule and requires a minimum of 5 trading days. You’ll need to avoid hitting or exceeding the intraday trailing drawdown to pass this evaluation.

Elite Trader Funding also offers evaluation reset options. If you fail an evaluation, you can reset it by paying a reset fee of $75. This fee is optional, and you can choose to reset the evaluation for free if you meet certain conditions.

It’s important to note that evaluation accounts do not have to adhere to the 40% rule, which only applies to Elite sim-funded accounts. Once you pass an evaluation, you’ll be assigned a so-called Elite account within 72 hours and be on your way to trading with real money.

Overall, the evaluation process with Elite Trader Funding is straightforward and designed to help you succeed as a funded trader. With multiple evaluation options and reset options available, you can find the right fit for your trading style and goals.

Accounts and Trading

When it comes to trading with Elite Trader Funding, you have the option to trade with either an Evaluation or Elite account. With an Evaluation account, you can trade in a simulated environment to prove your trading skills and earn a funded account. On the other hand, an Elite account is a funded account that allows you to trade with real money, with the potential to earn significant profits.

One of the advantages of trading with Elite Trader Funding is the ability to trade multiple accounts under one login. This means that you can diversify your trading strategy and minimize the impact of any losses. You can have up to 20 active accounts, whether Evaluations or Elite accounts, which allows you to maximize your risk management strategy.

Elite Trader Funding offers account sizes ranging from $25,000 to $250,000. If you are an experienced trader and want to fast-track your way to a funded account, you can opt for the $250k Fast Track account. This account requires a higher initial investment, but it also offers the potential for higher profits.

It is important to note that Elite Trader Funding charges a one-time activation fee for Elite accounts. The fee varies based on the account size, and if you are switching from an existing Elite SIM-funded account, you may be eligible for a discounted price. Additionally, there is a $75 fee for evaluation resets, which allows you to start over with a new evaluation if you do not pass the first time.

Overall, Elite Trader Funding offers a range of account options and allows you to trade multiple accounts under one login. With the potential for significant profits and the ability to fast-track your way to a funded account, it is worth considering if you are an experienced trader looking for a new opportunity.

Trading Platforms and Tools

Elite Trader Funding offers traders the flexibility to trade on multiple platforms, including NinjaTrader, Tradovate, and MetaTrader platforms. All platforms come with advanced trading tools, including charting, technical analysis tools, and a range of order types.

NinjaTrader is a popular trading platform among active traders. It offers advanced charting capabilities, customizable indicators, and a range of order types. TradingView is also integrated with NinjaTrader, allowing traders to access TradingView’s extensive library of charting tools and indicators.

Tradovate is another popular trading platform that is known for its low commission rates. It offers a range of order types, including market, limit, stop, and trailing stop orders. Tradovate also offers traders the ability to trade directly from the chart, making it easy to execute trades quickly.

MetaTrader platforms are widely used by forex traders. They offer advanced charting capabilities, customizable indicators, and a range of order types. MetaTrader platforms also offer traders the ability to use automated trading strategies, known as expert advisors.

In addition to these trading platforms, Elite Trader Funding also provides traders with a range of trading tools. These include risk management tools, such as stop loss and take profit orders, as well as trading psychology workshops to help traders manage their emotions and stay disciplined.

Overall, Elite Trader Funding offers traders a range of trading platforms and tools to suit their individual needs. Whether you prefer NinjaTrader, Tradovate, or MetaTrader platforms, you can trade with confidence knowing that you have access to advanced trading tools and risk management features.

Profit and Loss Management

When trading with Elite Trader Funding, profit and loss management is a crucial aspect to consider. The profit split is set at 90% for traders who have passed the evaluation and have been funded with a live account. This means that you get to keep 90% of all profits after your first $12,500.

To qualify for an Elite sim-funded account, you must meet the profit target by trading for a minimum of 5 days. Evaluation accounts do not have to adhere to the 40% rule, only Elite sim-funded accounts. The drawdown limit is set at $3,000, and the trailing drawdown stops once you make $2,100 in realized profits. If you hit your drawdown anytime, your Elite account is terminated.

It is important to note that the daily loss limit is set at 3% of your account balance. This means that if your account balance is $50,000, your daily loss limit is $1,500. Additionally, the maximum drawdown is set at 10% of your account balance. If you reach the maximum drawdown, your account will be terminated.

To maximize your risk management strategy, up to 20 accounts are available for trading. By using multiple accounts, you can diversify and minimize the impact of any losses. The profit targets are set at $4,000, $6,000, and $8,000 for the $50,000, $75,000, and $100,000 accounts, respectively.

Overall, Elite Trader Funding provides traders with an opportunity to earn live funding based on their trading performance in simulated accounts. With strict profit and loss management rules in place, traders can manage their risk and potentially earn substantial profits.

Rules and Regulations

When it comes to Elite Trader Funding, there are specific rules and regulations that you need to follow to qualify for an Elite SIM-funded account. These rules are in place to ensure that you have the necessary skills and experience to trade with real money.

One of the primary rules is that you must trade a minimum of five days to qualify for an Elite SIM-funded account. These days don’t have to be consecutive, but you must complete them within a reasonable timeframe. Additionally, you must meet the profit target, which varies depending on the account size.

It’s important to note that evaluation accounts do not have to adhere to the 40% rule, but Elite sim-funded accounts do. This rule states that your account must not consist of greater than 40% of the total balance being made from a single trading day.

Another rule you must follow is to not hit or exceed the intraday trailing drawdown. This drawdown varies depending on the account size and can be found on the Elite Trader Funding website.

When it comes to leverage, Elite Trader Funding offers up to 100:1 leverage for forex trading and up to 20:1 leverage for futures trading. However, it’s crucial to remember that leverage can increase your potential profits but also your potential losses. Therefore, it’s essential to use risk management strategies to protect your account.

Elite Trader Funding is a regulated company, which means that it must adhere to specific rules and regulations to ensure that they are operating ethically and transparently. They are regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).

Overall, following the rules and regulations set by Elite Trader Funding is crucial to qualifying for an Elite Sim-funded account. By doing so, you can ensure that you have the necessary skills and experience to trade with real money and increase your chances of success.

Customer Support and Service

Elite Trader Funding takes pride in providing excellent customer support and service to their clients. Their support team is available to assist you Monday through Friday from 9:00 a.m. to 5:00 p.m. EST. During business hours, they strive to provide the fastest support possible on every occasion.

If you have any questions or need help troubleshooting an issue, you can rely on their support staff to provide you with the answers you need. 

Their standard customer service hours are 9 am – 5 pm EST. 

Elite Trader Funding offers several evaluation options to traders, and their support team can help you choose the best one for your needs. You can trade multiple accounts under one login, and keep 90% of all profits after your first $12,500.

In summary, Elite Trader Funding’s customer support and service team is knowledgeable and confident in providing assistance to their clients. They are available during business hours to answer any questions or troubleshoot any issues you may have.

Fees and Costs

When it comes to trading with Elite Trader Funding, there are a few fees and costs that you need to be aware of. Here is a breakdown of the most important ones:

  • Activation Fee: If you are switching an existing Elite sim-funded account from $80 monthly to paying the one-time activation fee, note that you will receive a discounted price based on how long you have maintained the Elite sim-funded account. Please note that at this time, Fast Track accounts are not eligible for the one-time activation fee.
  • Monthly Subscription: Once you have qualified for an Elite account, you will need to pay a monthly subscription fee of $80.00. However, you will receive one month free on 100K and two months free on 250K.
  • Evaluation Reset Fee: If you fail the evaluation, you have the option to reset it for a fee of $75.

It is important to note that there are no hidden fees or costs associated with trading with Elite Trader Funding. All fees and costs are clearly stated and transparent.

Overall, the fees and costs associated with trading with Elite Trader Funding are reasonable and competitive compared to other funding providers. However, it is important to carefully read and understand the terms and conditions before signing up to ensure that you are aware of all fees and costs associated with the program.

Reputation and Trust

When considering a funding program, one of the most important factors to consider is reputation and trust. Elite Trader Funding has built a reputation as a trustworthy and transparent evaluation service provider.

Transparency is essential to Elite Trader Funding’s business model. They provide traders with clear and concise information about their evaluation process, funding options, and payout structure. Additionally, they offer a free trial evaluation account. This level of transparency helps build trust with traders and ensures that they understand the process fully.

Reviews are another important factor to consider when evaluating a funding program. Elite Trader Funding has received numerous positive reviews from traders who have successfully completed their evaluation process and received funding. These reviews speak to the quality of their program and their commitment to helping traders succeed.

Negative reviews are also important to consider. While Elite Trader Funding has received some negative reviews, they are few and far between. Most negative reviews are related to traders not meeting the evaluation criteria or misunderstanding the evaluation process. Elite Trader Funding is transparent about its evaluation criteria, and it provides traders with the information they need to succeed.

In summary, Elite Trader Funding has built a reputation as a trustworthy and transparent evaluation service provider. Their commitment to transparency, positive reviews, and limited negative reviews speak to the quality of their program and their commitment to helping traders succeed.

Trading Instruments and Markets

Elite Trader Funding offers a variety of trading instruments and markets to its traders. The company provides access to multiple exchanges such as CME, NYMEX, and COMEX. However, it is important to note that Elite Trader Funding does not support forex markets.

Elite Trader Funding provides traders with several evaluation options, and traders can keep 90% of all profits after their first $12,500. Traders who wish to reset their evaluation account can do so by paying a reset fee of $75.

Elite Trader Funding also provides a guide to commissions associated with trading different types of instruments. This guide helps traders understand the commissions and exchanges supported by Elite Trader Funding.

In summary, Elite Trader Funding offers traders access to multiple exchanges and a variety of trading instruments such as stocks, futures contracts, and commodities. Traders must be aware of the risks involved in trading futures contracts and should use the evaluation options provided by the company to manage their trades effectively.

Alternatives to Elite Trader Funding

While Elite Trader Funding offers a unique opportunity for traders to earn live funding based on their trading performance, there are also other evaluation services available that traders may want to consider. Here are a few alternatives to Elite Trader Funding:

Topstep

Topstep is a well-known evaluation service that offers traders the opportunity to earn live trading capital by passing a simulated trading evaluation. Traders can choose from a variety of evaluation options, including forex, futures, and options trading. Topstep also offers traders access to a trading community, educational resources, and a funded trader program.

Deel

Deel is a platform that offers traders access to a variety of trading evaluation programs, including forex, futures, and options trading. Traders can choose from different evaluation options, including a one-step evaluation, and can earn live trading capital based on their performance. Deel also offers traders access to a trading community, educational resources, and a funded trader program.

Other Alternatives

There are also other evaluation services available that traders may want to consider, such as OneUp Trader and The5%ers. It is important to research and compare the different evaluation options available to find the one that best suits your trading style and goals.

Overall, while Elite Trader Funding offers a unique opportunity for traders to earn live funding based on their trading performance, there are also other evaluation services available that traders may want to consider. It is important to do your research and compare the different options available to find the one that best suits your needs.

Pros and Cons

Elite Trader Funding offers a unique opportunity for traders to earn live funding based on their trading performance in simulated accounts. However, as with any trading program, there are both pros and cons to consider before signing up.

Pros

  • Multiple Evaluation Options: Elite Trader Funding provides several evaluation options, allowing traders to choose the program that best fits their needs and trading style.
  • Keep 90% of Profits: Once you have earned your first $12,500, you can keep 90% of all profits. This is a generous profit split compared to other trading programs.
  • Automatic Evaluation Resets: Elite Trader Funding offers automatic free evaluation account resets on a regular basis, allowing traders to continue to improve their skills and performance.
  • Trading Psychology Workshops: Elite Trader Funding offers trading psychology workshops to help traders manage their emotions and improve their trading performance.

Cons

  • Max Allowed Positions: You are not allowed to have more than the maximum allowed trades open at any time.
  • Evaluation Reset Fee: While automatic evaluation resets are offered for free, there is an optional evaluation reset fee of $75.
  • Elite Account Fees: Elite account fees vary based on account size and length of time maintained. Fast Track accounts are not eligible for the one-time activation fee.

Overall, Elite Trader Funding offers a solid trading program with several evaluation options and a generous profit split. However, traders should be aware of the max allowed positions and evaluation reset fee, as well as the varying Elite account fees.

Conclusion

In conclusion, Elite Trader Funding provides traders with a unique opportunity to earn live funding based on their trading performance in simulated accounts. The company offers several evaluation options, including intraday unrealized profit trailing drawdown, which tends to appeal to traders who like to trade fast and often.

The team at Elite Trader Funding is knowledgeable and provides training programs that cover all aspects of trading, including risk management and trading psychology workshops. The company also offers a free NinjaTrader license key on evaluation and Elite, as well as free real-time data.

Elite Trader Funding’s clients can trade multiple accounts under one login and keep 90% of all profits after their first $12,500. The optional evaluation reset fee is only $75, and automatic free evaluation account resets are also available.

Overall, Elite Trader Funding is a reputable company that provides traders with a fair chance to earn live funding based on their trading skills. The company is based in the United States and has a strong presence on Twitter, where they share trading tips and insights.

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