Established in 2022 by a team of experienced traders, Eric Ho, Kanwal Singh, and Clint Chaney, Elite Trader Funding is a Delaware-based proprietary trading firm (prop firm) dedicated to empowering aspiring traders. This innovative prop firm model allows talented individuals to showcase their skills in a simulated environment and potentially gain access to real capital for live market trading.
Elite Trader Funding stands out from the crowd with its comprehensive offering. Option to manage up to 20 funded accounts efficiently through a user-friendly single login, allowing you to easily diversify your trading strategies. Benefit from an attractive profit-sharing structure that incentivizes success. Combine that with exclusive monthly sales and discounts to maximize your earnings potential.
Enjoy the freedom to trade during news events and holidays, making the most of market movements. However, responsible risk management is emphasized with restrictions during market closures and a strict trailing drawdown policy to protect capital.
Elite Trader Funding fosters a supportive community where aspiring traders can learn and grow. The firm may offer additional resources, such as educational materials, webinars, or even a dedicated mentor program to help refine your trading skills and strategies.
If you’re a confident trader seeking to elevate your career, Elite Trader Funding offers a compelling opportunity. By providing access to real capital, a user-friendly platform, and a supportive environment, they empower you to translate your trading skills into real-world success. Explore their website or contact them directly to learn more about their evaluation process and see if Elite Trader Funding could be the key to unlocking your full trading potential.
Elite Trader Funding caters to traders with various funding aspirations, offering accounts ranging from $10,000 to $300,000. They operate with a transparent, flat fee structure, there’s no additional scaling cost based on the account size you choose.
Finding Your Fit: Diverse Evaluation Options
To qualify for funding, you’ll need to pass one of their five unique evaluation types:
- 1-Step Evaluation: Ideal for active day traders with a focus on frequent entries and exits.
- End-of-Day Drawdown Evaluation: Prioritizes daily risk management while allowing for active trading.
- Fast Track Evaluation: Designed for confident traders who can achieve their goals quickly within a set timeframe.
- Static Drawdown Evaluation: A conservative approach emphasizing capital preservation for larger account sizes ($100,000 – $150,000).
- Diamond Hands Evaluation: Tailored specifically for swing traders who hold positions for extended periods and are aiming for a prestigious $100,000 account.
Straightforward Pricing Structure
Participation in these evaluations comes with a one-time fee. This fee starts at $75 for smaller accounts and increases to $745 for larger ones. Once you successfully qualify for a funded Elite
Account, there’s a flat monthly fee of $80,regardless of the account size or type you choose.
This clear pricing structure allows you to select the evaluation and account size that best suits your trading style and risk tolerance, with all the associated costs upfront
Elite Trader Funding understands the importance of getting comfortable with their platform before committing. That’s why they offer a generous 14-day free trial. This allows you to explore the platform’s functionalities, test your trading strategies, and assess if their service is a good fit for your needs.
Second Chances for Fast Track Evaluations:
The Fast Track Evaluation is designed for confident traders aiming to reach their profit target quickly. However, Elite Trader Funding acknowledges that unforeseen circumstances can arise.
If you don’t quite reach the target within the 14-day timeframe, your account receives a “free repeat.” This automatically converts it into a standard 1-Step Evaluation for the same account size. This provides a valuable second chance to showcase your skills and potentially qualify for funding.
The 1-Step Evaluation is ideal for fast-paced, day traders who enjoy frequent entries and exits. This challenge offers a good balance between risk and reward. Here’s what you need to know:
- Minimum Trading Days: You’ll need to trade for at least 5 days, but there’s no maximum, allowing you to take your time as long as you meet the other requirements.
- Risk Management: A trailing drawdown is in place to limit potential losses. This starts at 10% for the smallest account and becomes stricter (lower percentage) as the account size increases, reaching a minimum of 2.5% for the largest accounts.
- Profit Target: To qualify for funding, you’ll need to achieve a profit target that varies based on the account size. It starts at 12.5% for the smallest account and progressively decreases to as low as 6.67% for the largest accounts.
- Simple Qualification: Once you successfully complete this single step by reaching the profit target within the drawdown limits, you’ll be eligible for an Elite account with real capital.
You can apply for accounts between $50,000 and $250,000 with this challenge. It includes a daily loss cap in addition to the trailing drawdown, which is calculated at the conclusion of the day. The rules are as follows:
- Minimum trading day requirement of five days.
- No maximum trading day requirement, meaning you can take as much time as you need to complete the evaluation.
- Maximum daily loss of around 2.2% for the smallest account and 1.7% for the largest.
- Maximum trailing drawdown of 6% for the smallest account and 2.8% for the largest.
- Profit target starts at 7% for the smallest account and goes down to 6% for the largest.
As soon as you successfully complete the challenge’s single step, achieving the profit target while adhering to the rules, you’ll qualify for funding with an Elite account.
The Fast Track Evaluation is a perfect fit for confident traders who believe they can achieve success quickly. It caters a $100,000 and $250,000 accounts and emphasizes speed while maintaining risk management.
- Tight Timeframe: This challenge adds a time pressure element. You’ll have a maximum of 14 calendar days to reach the profit target. While there’s a minimum of 5 trading days, the emphasis is on achieving the goal swiftly.
- Drawdown Limits: Compared to the 1-Step Evaluation, the Fast Track Evaluation has tighter trailing drawdown restrictions. This starts at 3% for the smallest account and becomes stricter (lower percentage) for larger account, reaching a minimum of 2.6%.
- Profit Target Incentive: The profit target you need to achieve also incentivizes quick success. It starts at 8% for the smallest account and progressively decreases to as low as 6% for the largest account. This reward system encourages active trading while meeting the challenge’s time constraints.
By combining a compressed timeframe with stricter risk management and a tiered profit target system, the Fast Track Evaluation is designed for traders who excel in fast-paced environments.
The Static Drawdown Evaluation caters to conservative traders seeking larger accounts (between $100,000 and $150,000) and prioritizes capital preservation. This evaluation offers a unique risk management approach:
- Fixed Drawdown Limit: Unlike other evaluations with trailing drawdowns, this challenge has a static drawdown limit. This is essentially a minimum account balance threshold you cannot fall below. It starts at a very low percentage (between 0.6% and 0.8%) of your initial balance and increases slightly for larger accounts.
- Focus on Profit, Not Daily Losses: There are no restrictions on daily losses within reason. However, the focus is on achieving the profit target without exceeding the static drawdown limit. This rewards calculated risk-taking while prioritizing capital protection.
- Lower Profit Target: The profit target you need to achieve is also lower compared to other evaluations. It starts at 1.3% for the smallest account and increases to 2.6% for the largest. This reflects the conservative nature of the evaluation and the emphasis on protecting your initial capital.
If you’re a cautious trader prioritizing capital preservation while aiming for larger accounts, the Static Drawdown Evaluation might be the ideal choice for you.
The Diamond Hands Evaluation caters specifically to swing traders who excel at holding positions for extended periods. It offers a unique opportunity to qualify for a prestigious $100,000 account.
Here’s what you need to know:
- Focus on Patience: This evaluation is designed for swing traders comfortable with longer time horizons. There’s no maximum trading day requirement, allowing you to hold positions as long as your strategy dictates.
- Balanced Risk Management: While there’s no daily trailing drawdown, a 1.5% daily loss limit helps manage risk on individual trades. This encourages calculated entries and exits while providing flexibility for position management.
- Moderate Drawdown Tolerance: An end-of-day trailing drawdown of 3.5% is in place to safeguard your capital from excessive losses. This allows for some wiggle room within your overall strategy.
- Targeted Profitability: To qualify for funding, you’ll need to achieve a 5% profit target. This reward structure reflects the longer holding periods associated with swing trading.
If you’re a confident swing trader who thrives with a balance between calculated risk management and strategic position sizing, the Diamond Hands Evaluation could be your path to a well-funded swing trading account.
Elite Trader Funding goes beyond simply offering funding opportunities. They understand that a successful trader thrives in a supportive environment. Here’s what sets them apart:
Customer Support:
- Multiple Channels: They provide responsive customer service through email and a comprehensive FAQ section on their website. This allows you to get quick answers to common questions while having a direct line for more complex issues.
- Skilled Support Team: Their team is known for prompt and professional assistance, alleviating trader anxiety and resolving technical challenges efficiently. Positive customer service is a recurring theme in Elite Trader Funding reviews.
Seamless User Experience:
- Intuitive Platform: Their platform is designed for ease-of-use, catering to traders of all experience levels.
- Actionable Insights: Key features like real-time account monitoring and performance tracking are readily accessible, empowering you to make informed trading decisions.
- Multi-Account Management: The platform allows managing multiple trading accounts with a single login,streamlining your operations for diversified trading strategies.
- Educational Resources: Elite Trader Funding invests in trader education by offering a wealth of resources. Seminars, articles, and videos cover a wide range of topics, including risk management, trading techniques, and market analysis.
Tips for Success:
Here are some pointers to maximize your chances of success with Elite Trader Funding:
- Know the Rules: Before you begin, thoroughly understand the evaluation process and its requirements. This includes profit targets, drawdown limits, trading day minimums, and daily loss limits.
- Choose Wisely: Select the evaluation type that aligns best with your trading style and goals. Two-step evaluations cater to cautious traders who prefer a gradual approach, while one-step evaluations are ideal for experienced traders comfortable with achieving targets quickly.
- Mind Your Limits: Grasp the trading restrictions, particularly daily and maximum drawdown limits. Familiarize yourself with trading regulations for news events and other specific market conditions.
- Craft Your Strategy: Develop a solid trading strategy that adheres to Elite Trader Funding‘s parameters and aligns with your skills and experience.
- Manage Risk Effectively: Stay within the firm’s drawdown limits and daily loss restrictions to keep your account active.
- Patience is Key: Maintain discipline and consistency with your strategy. Avoid impulsive risk-taking to accelerate meeting your profit goals.
- Seek Help: Don’t hesitate to utilize Elite Trader Funding’s support resources for help with technical issues or questions about the evaluation process.
- Continuous Learning: Trading is an ever-evolving landscape. Stay updated on market trends and the latest strategies to elevate your chances of success.
- Manage Risk Wisely: Remember, all trading involves inherent risk. Make decisions that align with your risk tolerance and financial goals. A winning combination of discipline, expertise, and the right approach will maximize your profitability.
By prioritizing customer service, user experience, and trader education, Elite Trader Funding fosters an environment conducive to your trading success.
To ensure a smooth trading experience, here’s a heads-up about trading hours:
- Standard Market Closing: All positions must be squared (closed) at least one minute before the relevant market closes. Different instruments have varying closing times, so be sure to familiarize yourself with these beforehand. Keep in mind that holiday hours may also differ from regular trading hours.
- Diamond Hands Flexibility: An exception to the closing rule applies to the Diamond Hands evaluation and funded accounts. These accounts allow overnight trading, providing you with the freedom to hold positions for extended periods as your swing trading strategy dictates.
Elite Trader Funding caters to news traders by allowing unrestricted news trading. This flexibility empowers you to capitalize on news-driven market movements without limitations from the platform.
However, news trading can be inherently volatile. To navigate this effectively, Elite Trader Funding emphasizes the importance of:
- Cautious Approach: News events can trigger significant market swings. Always prioritize calculated risk management strategies to protect your capital.
- Effective Risk Management: Mastering risk management techniques like proper position sizing and stop-loss orders is crucial for mitigating potential losses associated with news-induced volatility.
- Calculated Lot Sizing: Learn how to calculate appropriate lot sizes based on your risk tolerance and account size.This helps you control potential exposure during news-driven market movements.
By combining the freedom of news trading with a focus on risk management, Elite Trader Funding empowers news-oriented traders to pursue their strategies while prioritizing capital preservation.
Elite Trader Funding fosters a collaborative partnership with its traders. Here’s how profits are shared:
- 90/10 Profit Sharing: Once funded, you’ll receive a generous 90% of all profits generated from your trading activity. Elite Trader Funding takes a 10% performance fee.
- Initial Profit Advantage: As an incentive, you keep 100% of your initial profits up to a maximum of $12,500. This allows you to reap the full rewards of your early success.
Flexible Evaluation Options:
Elite Trader Funding understands that setbacks can occur. They offer an optional $75 evaluation reset, allowing you to restart your evaluation if you reach the maximum drawdown limit. This provides a valuable second chance to showcase your skills and potentially qualify for funding.
Seamless Withdrawals:
Elite Trader Funding facilitates easy access to your earned profits. Here’s a breakdown of the withdrawal process:
- Methods:
- US traders: ACH bank transfer
- International traders: PayPal, Wise, or Stripe
- Minimum Withdrawal: $100
- Withdrawal Limits: These are based on your account size and payout cycle. For instance, during the first payout cycle for a $10,000 account, you can withdraw up to $1,000.
- Timing: You can request profit withdrawals after 15 trading days.
Overall, Elite Trader Funding’s transparent profit-sharing structure, initial profit advantage, and flexible withdrawal options aim to create a rewarding trading experience for qualified funded traders.
Elite Trader Funding provides access to a comprehensive selection of tradable instruments, allowing you to tailor your strategies to various market opportunities. Here’s what you can trade:
- Equity Futures: Gain exposure to major stock market indices with instruments like E-mini-S&P 500, NASDAQ 100, and Russell 2000.
- Currency Futures: Trade major currencies like AUD, GBP, EUR, and JPY to capitalize on foreign exchange movements.
- Interest Rate Futures: Explore diverse interest rate movements with options including 10-Year, 2-Year, 30-Year, and 5-Year yields.
- Energy Futures: Access contracts for Crude Oil, Natural Gas, Heating Oil, and other energy commodities.
- Metal Futures: Trade precious metals like Gold, Silver, Copper, Palladium, and Platinum.
- Cryptocurrency Futures: Speculate on the price movements of Bitcoin and Ethereum with their respective micro variants.
- Agricultural Futures: Diversify your portfolio with contracts for Corn, Soybean, Wheat, Cattle, and other agricultural products.
Platform Freedom: Trade with Flexibility
Elite Trader Funding prioritizes your trading experience by offering compatibility with a variety of platforms. You’ll have the freedom to choose the one that best suits your preferences:
- NinjaTrader: Elite Trader Funding provides a complimentary license for this popular platform, including free real-time data.
- Additional Supported Platforms: The platform is also compatible with Tradovate, TradingView, and Rithmic, allowing you to leverage your existing platform familiarity.
This combination of diverse trading instruments and platform flexibility empowers you to explore a wide range of market opportunities and select the trading environment that best suits your needs.
- Tailored Evaluations: Elite Trader Funding offers a variety of evaluation choices catering to different trading styles. This allows you to find an evaluation that aligns with your risk tolerance and trading approach.
- Flexible Trading: Enjoy a high degree of trading freedom with unrestricted trading hours and the ability to hold positions overnight for swing trading strategies (with the Diamond Hands evaluation).
- Profit Sharing: Keep 100% of you first $12,500 profit, then keep 90% of all your earnings.
- Free Trial: Explore the platform risk-free with a 14-day free trial before committing any capital.
- Multi-Account Management: Manage up to 20 accounts efficiently using a single login, ideal for diversified trading strategies.
- Strict Risk Management: Daily loss limits and maximum drawdown rules might pose a challenge for new traders who are still developing disciplined risk management practices.
- Performance Requirements: Qualifying for funding requires meeting specific profit targets and trading day minimums.
- Futures Focus: Trading is exclusively limited to futures contracts.
Elite Trader Funding stands out for its trader-centric approach and flexible trading environment. The multiple evaluation options cater to various trading styles, while the profit-sharing structure incentivizes success. However, the strict risk management rules and performance requirements can be demanding, particularly for beginners.
Consider your experience level and risk tolerance. If you’re a disciplined trader comfortable with futures markets and meeting performance benchmarks, Elite Trader Funding could be a launchpad to access substantial capital. New traders might benefit from additional experience and risk management practice before attempting the evaluations.
FAQs
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.
No problem! Simply purchase a reset and try again. Note: There are no resets in Elite accounts or Fast Track evaluations.
Suppose you are doing well in your Fast Track evaluation but didn’t hit your profit target within the maximum allowed days. In that case, you can “roll” your evaluation into a 1 step evaluation of the same size at a discounted rate. You will see a notice on your trader dashboard with information on how to do this.
Users must select the contract and month in order to trade. You cannot trade the rolling ticker (example: NQ, NQ1!, NQ2! cannot be traded)
ETF does not provide you with a TV account. A free account is all you need.
