Elite Trader Funding Review

Elite Trader Funding Review

Elite Trader Funding is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Elite Trader Funding is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

  • Offering a range of tariffs and account kinds, the trading funds span from $10,000 to $300,000
  • The platform offers a 14-day free trial of all services before charging a monthly fee to new partners
  • Up to $12,500, traders get all of their gains; after that, they divide 80/20
  • Access to 76 well-known futures contracts is offered
  • Available leverage without any constraints on strategy
  • There is a reset option for the maximum drawdown
  • A partnership program gives traders 15% of the monthly fee for each referral
    <liUnlike competitors that usually just charge an upfront fee, Elite Trader Funding requires a monthly subscription fee
  • The company prefers trading systems like NinjaTrader, Tradovate, TradingView, and Rithmic over MetaTrader 4 and MetaTrader 5 (MT5)
  • Maximum drawdown criteria are not specified, however, there are trailing and intraday drawdown caps

What is Elite Trader Funding?

Elite Trader Funding offers fully funded futures trader programs. It presents itself as a comprehensive solution for traders, providing attractive account choices according to their trading interests. Established in February 2022, the organization is very new and was founded by three experienced professionals: Clint, Kanwal, and Eric. 

The founders, albeit new, possess significant experience. Together, they have a combined total of 15 years of banking experience, 40 years of trading expertise in energy and commodities, and 20 years of experience in web development and network engineering. Elite Trader Funding seeks to assist and incentivize the discipline of retail traders.

logo of Elite Trader Funding 

Elite Trader Funding Programs and Challenges: Rules and Requirements 

Elite Trader Funding focuses on comprehending the criteria for engaging in their assessment challenge and becoming a Proprietary Trader. Understanding the required tests for eligibility for a Funded Trading Account and the accompanying registration fee charges is essential.

The main objective of the Challenge or Test is to demonstrate trading skills. Elite Trader Funding provides five different evaluation programs designed for different requirements, each associated with certain account kinds and balances. There are three types of evaluations available: a one-step evaluation, a two-step evaluation, and an instant financing option.

Before using Elite Trader Funding, traders need to choose their preferred Model and Account Balance to meet the requirements. Choosing this option will impact the challenge conditions and registration fees, which will be refunded if become a Funded Trader.

Elite Trader Funding offers five unique evaluation processes that is 1 Step, EOD Drawdown Fast Track, Static, and Diamond Hand, each tailored to specific needs. The programs are connected to particular account types and corresponding balance thresholds.

Elite Trader Funding offers a price structure and account balance criteria that are more appealing than those of competitors, starting at a lower level, and giving them a major edge. Elite Trader provides a comprehensive selection of initial balance choices, ranging from $10,000 to $300,000, to accommodate a wide variety of traders.

Profit goals at Elite Trader Funding differ based on account size and evaluation type. In 1 Step Evaluations, a $10,000 account has a target of $1,250, and a $300,000 account has a target of $20,000. Other sorts of evaluations also exhibit similar variations.

Elite Trader Funding enforces a 3% daily loss restriction and a maximum drawdown of 10% of the account balance. Violating these limits results in account termination. Certain programs may have customized profit-to-drawdown ratios.

Participants must strictly follow all established regulations during the challenge phase. Failure to do so will result in the cancellation of the test and necessitate a reset cost to rejoin from the start.

Another important factor in Proprietary Trading evaluations is the necessity to attain profitability within a set minimal timeframe. Elite Trader Funding requires a minimum of 5 trading days for all account sizes.

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific period.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria, aims, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

Profit targets: A predetermined proportion of the account balance that traders must meet.

Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.

Minimum trading days: The number of active trading days required throughout the challenge period.

Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their own cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

Find the best forex funded accounts of 2024 here.

Elite Trader Funding Broker: Do They Use a Reliable Platform? 

Elite Trader Funding provides free real-time data and includes a gratis NinjaTrader license with each account. The platform offers a range of trading tools like NinjaTrader, Tradovate, Rithmic, and TradingView, giving traders multiple alternatives to execute trades effectively.

Elite Trader Funding Fees: How Much Do They Charge? 

Elite Trader Funding offers a range of trading account alternatives, each with its own price model. The subscription price starts at a minimum of $80, with traders able to access accounts of up to $300,000. The fee for account resets is $75.

The software provides many assessment choices that are appropriate for various trading tactics and account balances. Fast Track Evaluations are categorized into three tiers: $45 for a $25,000 account, $75 for a $100,000 account, and $150 for a $250,000 account. 1 Step Evaluations range from $80 for a $10,000 account to $655 for a $300,000 account.

End-of-Day Drawdown Evaluations cost $275 for a $25,000 account and $745 for a $250,000 account. Static Drawdown Evaluations cost $135 for a $100,000 account and $300 for a $150,000 account. The cost of Diamond Hands Evaluations for a $100K account is $365.

After a trader makes $12,500 in profits, Elite Trader Funding will keep 20% of any gains earned thereafter. Elite Trader Funding offers a diverse range of account types and sizes to accommodate traders with varying risk tolerance levels.

Therefore, Forex prop trading fees refer to the costs associated with participating in a proprietary (prop) trading firm’s program, particularly those that offer traders the opportunity to trade the firm’s capital. These fees are a critical aspect of the business model for many forex prop firms, especially those that run challenge or evaluation programs to vet potential traders. Here’s a breakdown of the types of fees that traders might encounter:

1. Challenge Fees

These are upfront fees paid by traders to enter into a trading challenge or evaluation program. The challenge is essentially a test that evaluates a trader’s ability to generate profits while adhering to specific risk management rules. If successful, the trader is usually offered the opportunity to trade with the firm’s money. Challenge fees can vary significantly depending on the firm, the size of the demo account provided for the challenge, and the complexity of the challenge itself.

2. Account Setup or Administration Fees

Some prop firms may charge a one-time setup fee for creating and managing a trader’s account. This fee might cover the administrative costs associated with setting up the trading infrastructure, account monitoring, and other backend services necessary for the trader to begin trading.

3. Monthly Desk Fees

Desk fees are akin to rental fees for the physical or virtual space and resources (like software, data feeds, and trading tools) provided by the prop firm. While more common in traditional prop firms that offer physical trading desks, some online forex prop firms might also charge a monthly fee for access to premium trading platforms or tools.

4. Profit Split

While not a fee per se, the profit split arrangement is a significant financial consideration in prop trading. After successfully passing a challenge, traders are allowed to trade with the firm’s capital, and any profits generated are split between the trader and the firm according to a predetermined ratio. Common splits might be 70/30 or 80/20, favoring the trader. It’s essential to understand the profit split terms as they directly affect the trader’s potential earnings.

5. Software or Data Fees

In some cases, traders might need to pay additional fees for access to specialized trading software, real-time data feeds, or analytical tools that are not included in the basic package offered by the prop firm.

6. Education or Training Fees

Some prop firms also offer educational courses, mentoring programs, or trading workshops. These might be optional or required parts of the trading program, with fees varying widely based on the content’s depth and duration.

Key Considerations

– Value for Money: It’s crucial for traders to assess whether the fees charged by a prop firm offer good value for the services provided, especially in terms of the trading capital access, technology, and support offered.

– Transparency: Reputable prop firms are transparent about their fee structure, with no hidden charges. Traders should thoroughly review all terms and conditions before committing.

– Risk: While paying fees for a chance to trade with significantly more capital can be appealing, traders should consider the risk of not passing the challenge and the potential loss of the fee paid.

Forex prop trading offers a unique opportunity for traders to leverage more substantial capital than they might otherwise access. However, understanding the fee structure is crucial to making an informed decision about which prop firm to engage with.

Elite Trader Funding Proof of Payment:

Traders need to have engaged in trading for a minimum of 15 days to get the first payout and at least 10 days for future payout cycles. Elite Trader Funding will validate payout requests, usually completing the process in less than 24 hours.

Payouts occur weekly on Fridays, although clients can request withdrawals monthly. Deel serves as the payment processor and accepts ACH and PayPal as payment methods.

Elite Trader Funding Customer Support: 

Elite Trader Funding provides exceptional customer service to its traders via email and a specialized FAQ section on its website. This technique enables traders to quickly access a reference for common questions and a direct conduit for addressing more complex or particular difficulties. 

The customer support crew is recognized for their quick and competent replies, playing a vital part in alleviating trader worries and addressing technical issues. Elite Trader Funding frequently praises the outstanding performance of the customer support crew.

What Makes Elite Trader Funding Unique? 

Elite Trader Funding offers a unique trading assessment and financial backing possibility that attracts both inexperienced and seasoned traders. Traders can demonstrate their trading skills in a simulated environment and may receive financing based on their success. The key characteristics are adaptable trading circumstances, limited trading restrictions, and the advantage of leverage.

Elite Trader Funding Reviews: What Do Their Customers Say?

On Trustpilot, Elite Trader Funding has 4.5 stars out of 5 stars, and a total of 222 customers reviewed them there. They are a verified company on Trustpilot. The company is in an excellent state on this platform.

Elite Trader Funding Trustpilot

#1. My account has just surpassed $25,000 in funding, taking advantage of a discount offer which has proven to be excellent! he enjoys utilizing ETF since he can trade using TradingView. He also appreciates seeing numerous videos of individuals receiving genuine rewards from this firm on YouTube after achieving success, something he hasn’t observed with many other sponsored firms. 

Based on earlier reviews, this Trustworthy Funder seems reliable. He aims to complete the 100k challenge with their support. If they continue without any issues, he plans to only work with ETF and expect a long-term collaboration with them. he highly recommends them at this point.

Elite Trader Funding reviews on Trustpilot

#2. Hortence stated that these individuals are exceptional. They are highly skilled. All information is detailed on the webpage. If he has any doubts, he can contact them. Responses are prompt. Sim-funded accounts are excellent resources for both novice and seasoned traders in terms of discipline. If he is sufficiently skilled, he will earn money and receive payment. If he is not, he will prevent significant financial losses.

Elite Trader Funding reviews

#3. According to Dawit Alemayehu, the customer service is good, however the withdrawal process is unsatisfactory. After receiving funding, he must engage in trading for a month before being eligible to make a withdrawal, provided that he is making a profit. If he requests a payout on a Friday, it will be processed and he will receive it on the following Friday. Top Step is the ideal choice for quick payouts, as long as one is willing to adhere to their guidelines, which make them a reputable proprietary trading organization.

Elite Trader Funding review

#4. According to NQ, persistent lagging problems with Tradeovate result in repeated and avoidable financial losses. He has never experienced any problems with Topstep and latency with Tradovate. Repeatedly asked for help without success, constantly pointing fingers at the trader and offering no answers for the latency and discrepancies between the charts and the DOM price. 

The dynamics are logical at a basic level, without a scaling plan. However, the payout plan is considered one of the least favorable as individuals must wait for several months due to withdrawal restrictions lasting for 6 months. Superior organizations offer faster service, live assistance, improved payout system, and a direct phone line for immediate support instead of relying on email responses that can take hours. Discouraged.

Elite Trader Funding complaints

#5. Justin Edwards asserts his extreme disappointment with their inadequate customer service. An error was made on my part on an evaluation account. The target profit for the evaluation account was reached. Another evaluation account was initiated, but the trader did not understand that he was still trading the account that had already met its aim. He reached out to customer service and was informed that no more action could be taken. He has encountered superior customer service from other companies such as APEX. ETF desires those resets.

Elite Trader Funding complaints on Trustpilot


Elite Trader Funding is a prominent futures proprietary trading company that provides a diverse array of products, transparent terms, and a strong emphasis on trader education. The company is dedicated to improving trader experiences and serves both inexperienced and experienced traders with significant funding constraints.

Choosing the appropriate proprietary trading firm is essential because each trader possesses a distinct style, goals, and risk tolerance. Finding a company that comprehends these subtleties and offers the appropriate tools and assistance for success is crucial. 

Effective cooperation can provide traders with a competitive advantage in the ever-changing realm of futures trading. Upon careful analysis of the advantages and disadvantages of Elite Trader Funding, it is clear that the platform is one of the top options to consider.

Account size starts from:
Profit Split Up t0 100%
*Choose your account type and start trading

Trading Platforms
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Customer Support
3.0 Overall Rating

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Elite Trader Funding Review
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