What is Elite Trader Funding?
Elite Trader Funding, established in 2022 in Delaware, represents the collective vision of three seasoned traders: Kanwal, Clint, and Eric. Their primary aim is to offer funded trading accounts to highly skilled traders who excel in their rigorous evaluation process.
A proprietary trading firm like Elite Trader Funding operates with its own capital, focusing on market-driven profits rather than managing external client funds. Unlike investment firms, which prioritise returns for clients, prop trading firms are dedicated to direct market gains. They engage experienced traders who utilize a variety of advanced trading techniques to turn a profit. Successful traders are rewarded with a share of the profits they help generate, creating a compelling incentive to drive performance.
Elite Trader Funding’s Advantages?
Below we list some of the myriad benefits of working with Elite Trader Funding:
Free Trial: The company provides a 14-day free trial of its $250K Fast Track account, exclusively available on NinjaTrader. This trial period gives users a valuable opportunity to explore the platform’s features and functionality, allowing them to gain hands-on experience before deciding to make a full commitment.
Multiple funding programs: Elite Trader Funding offers a comprehensive selection of five different plans, each with a variety of 20 account sizes to choose from. Each evaluation tier has distinct parameters, such as profit targets and drawdown thresholds. This flexibility allows traders to pick the plan that aligns with their specific risk tolerance and preferred trading approach.
Multiple accounts: The platform allows traders to manage up to 20 trading accounts through a single login, providing exceptional flexibility and control. The payout structure is equally compelling—traders keep the first $12,500 in profits without sharing a cent. After that, they continue to benefit from a highly favorable 90% profit split, allowing them to maximize their earnings potential.
Complimentary NinjaTrader platform license: Included with all accounts.
Trader-focused approach: Elite Trader Funding creates a supportive environment for traders to excel, offering retail traders a chance to demonstrate their skills, with top performers gaining access to funding opportunities. Successful traders can keep a significant portion of the profits they earn, which benefits both the traders and the proprietary trading firm.
Flexible trading conditions: Elite Trader Funding provides a flexible trading environment, allowing users to trade at any time, even during major news events. This adaptability supports a wide range of trading strategies, offering something for everyone from scalpers to swing traders.
Elite Trader Funding’s Pricing
Elite Trader Funding offers a range of account pricing options, starting at $45 and reaching up to $745, depending on the specific package and account size selected. The detailed fee structure is provided in the table below, allowing you to easily compare the costs associated with each 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 Evaluations
1 Step Evaluation accounts require at least five days of trading activity and feature a trailing drawdown based on intraday unrealized profits. Additional details are provided below.
EOD Drawdown Evaluations
The End of Day Drawdown Evaluations are structured with a single-phase assessment, requiring at least five trading days to complete. As the name indicates, these evaluations use an end-of-day trailing drawdown to measure performance. Traders should note that this trailing drawdown feature continues to apply even after receiving a funded account. Detailed information is provided below.”
Fast Track Evaluations
The Fast Track Evaluation offers a single-stage assessment process, requiring at least five trading days with a floating intraday drawdown based on unrealized profits. Traders have up to 14 calendar days to meet the criteria, with no options for resets. Refer to the details below for comprehensive information.
How Does Elite Trader Funding Work?
Elite Trader Funding provides traders with a variety of evaluation types, each designed with specific parameters like starting capital, drawdown limits, maximum trading days, and profit targets. Traders who meet these requirements over a minimum period of five trading days qualify for a funded account, offering a clear pathway from evaluation to live trading.
The company’s profit-sharing model is particularly attractive. It allows traders to keep the first $12,500 they earn, and then a generous 90% of profits beyond that. This structure provides a strong incentive for traders to perform well, knowing that they retain the bulk of their gains. Additionally, Elite Trader Funding offers a cost-effective solution for those who need a second chance; for a $75 fee, traders can reset their evaluation and try again if they hit the drawdown limit, ensuring that setbacks aren’t the end of the road.
The following steps will get you started trading with Elite Trader Funding:
- Go to the firm’s website and set up an account
- Decide which evaluation account will best meet your trading needs
- Use the Stripe payment method to buy your selected account
- Wait for your account to be activated by the firm
- Commence trading!
- Make sure you stick to rules and guidelines, including maximum drawdown limits
- Use the program’s criteria to assess your trading performance
- If you successfully complete the evaluation, you will qualify for funding
- Begin trading on your funded account
- Request withdrawals or payouts from the profits you make on your funded account
What Are Elite Trader Funding Rules?
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 is a dynamic safety mechanism designed to adjust to market fluctuations during intraday and intratrade periods. It essentially serves as a flexible stop-loss system for the entire account. Unlike traditional end-of-day drawdown calculations, which only update at market close, this feature recalculates in real-time as profits grow, providing a higher degree of protection. However, it holds firm during losses, ensuring stability in downtrends. Should your account balance drop below this evolving threshold, the account will be closed to prevent further losses.
How does Elite Trader Funding’s EOD Drawdown work?
Elite Trader Funding employs an End of Day Drawdown approach to monitor a trader’s account balance at the end of each trading session. Unlike mechanisms that track account balances in real time, this strategy examines whether the closing balance drops below a specified limit only when the trading day ends. If the balance falls beneath this limit, it could result in the termination of the account. This approach offers flexibility for intra-day market movements while ensuring that traders maintain an acceptable balance by the close of the trading day.
Elite Trader Funding’s Trading Hours
Trades must be completed at least one minute before the market’s official closing time, and different instruments may have varying end-of-day deadlines, which can shift due to holidays. Traders with a Diamond Hands account enjoy increased flexibility, as they can carry trades overnight or maintain them for extended durations without restrictions. The company encourages questions from the public and offers comprehensive technical support to clients and non-clients alike from 08:00 to 16:00 CST.
Trading Instruments
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).
Trading Platforms
At Elite Trader Funding, each account comes with a complimentary perk: real-time data access paired with a complimentary NinjaTrader licence. With a diverse portfolio of 31 trading platforms, including industry stalwarts like Tradovate, NinjaTrader, Rithmic, and TradingView, the firm offers unparalleled versatility. Additionally, Elite Trader Funding extends support for a multitude of trading tools, guaranteeing a trading experience that’s both smooth and efficient.
Withdrawals
Traders in the US can conveniently access their payouts through ACH, while international traders can opt for PayPal, Wise, or Stripe. Profits can be withdrawn after just 15 trading days, with a minimum withdrawal of $100. Withdrawal limits are tailored to individual account sizes and payout cycles. For instance, in the initial cycle with a $10,000 account, the withdrawal cap stands at $1,000.
Pros
- 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
Cons
- 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
Conclusion
Elite Trader Funding is an exceptional platform for experienced traders seeking funding and a chance to demonstrate their skills. The company’s commitment to its traders, along with its competitive profit-sharing structure and extensive range of educational resources, distinguishes their funded stock trading accounts from the competition. The firm’s provision of a free trial period allows aspiring traders to explore the platform without financial risk, offering a useful opportunity to evaluate its suitability before investing.
Although some minor limitations exist, such as restrictions on holding trades overnight, the firm’s advantages more than offset these drawbacks. Elite Trader Funding’s trader-centric philosophy, combined with a focus on generating profits, makes it an appealing choice for traders looking to take their careers to the next level. With a coupon code FundedProgram, new users can save 65%, providing an additional incentive to start their journey with Elite Trader Funding today.
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