In the fast-paced world of financial markets, traders are always on the lookout for opportunities that can help them maximize their profits while minimizing risk. Elite Trader Funding is a trading platform that promises to provide traders with the chance to earn live funding based on their trading performance in simulated accounts. In this comprehensive review, we will delve into the various features and offerings provided by Elite Trader Funding, including their profit-sharing model, evaluation options, and account sizes. We’ll also explore the advantages and potential drawbacks of using this platform.
Introduction to Elite Trader Funding
Elite Trader Funding is a platform designed to empower traders by allowing them to access live funding opportunities based on their trading skills. The platform stands out for its straightforward approach, minimal rules, and flexible trading options. Let’s dive deeper into the key features and offerings of Elite Trader Funding.
1. Profit-Sharing Model
One of the most appealing aspects of Elite Trader Funding is its profit-sharing model. The platform offers traders the opportunity to keep 100% of their first $12,500 in profits. This allows traders to earn substantial returns right from the start, providing a strong incentive to perform well in the simulated accounts. After reaching the $12,500 profit threshold, traders continue to keep 90% of all profits, which is a generous profit-sharing arrangement compared to many other trading platforms.
2. Trade Multiple Accounts
Elite Trader Funding provides traders with the flexibility to trade multiple accounts under a single login. This feature can be invaluable for experienced traders who want to diversify their strategies or manage various portfolios simultaneously. The ability to trade up to 20 accounts with one login streamlines the trading process and enhances efficiency.
3. Evaluation Options
Elite Trader Funding offers several evaluation options to cater to traders with different experience levels and goals. These evaluation options include:
a. 1 Step Evaluations
1 Step Evaluations come with a range of account sizes, providing traders with options based on their trading preferences and experience. The available account sizes in 1 Step Evaluations are $10k, $25k, $50k, $75k, $100k, $150k, $250k, and $300k. This diverse range of account sizes allows traders to choose the one that aligns best with their risk tolerance and trading objectives.
b. EOD Drawdown Evaluations
EOD Drawdown Evaluations are another evaluation option, with account sizes ranging from $25k to $250k. These evaluations can be particularly suitable for traders who want to focus on managing drawdown risk while aiming for profitable trading outcomes.
c. Fast Track Evaluations
Fast Track Evaluations are designed for traders who want to expedite their evaluation process. The account sizes available for Fast Track Evaluations are $25k, $100k, and $250k. These evaluations provide a quicker path to accessing live funding, which can be advantageous for experienced and confident traders.
4. Minimal Rules, More Opportunity
Elite Trader Funding takes a refreshingly simple approach to trading. The platform’s rules are straightforward: prove your ability to profit, avoid hitting your drawdown limit, and trade for at least 5 days. This minimalistic approach focuses on a trader’s skill and performance, rather than burdening them with a complex set of rules and restrictions. It provides a supportive environment for traders to showcase their trading prowess.
5. Flexible Trading Hours
The platform recognizes the importance of flexibility for traders. It allows traders to choose when they want to trade, providing the freedom to work during holidays, special events, and market-moving news events. This flexibility aligns with the idea that successful traders should have control over their trading schedules and seize opportunities as they arise.
6. Leverage Advantage
Elite Trader Funding emphasizes the advantage of leveraging their capital. While futures trading offers the potential for significant profits, it also carries the risk of substantial losses. Elite Trader Funding encourages traders to take advantage of their leverage, allowing them to trade with less worry about risking their own capital. This approach can help traders feel more confident and enable them to place trades more freely.
Pros and Cons of Elite Trader Funding
Pros:
- Generous Profit-Sharing: Elite Trader Funding’s profit-sharing model is highly attractive, especially for traders starting with smaller accounts.
- Variety of Evaluation Options: The platform offers a range of evaluation options and account sizes, catering to traders with different levels of experience and risk tolerance.
- Flexibility and Minimal Rules: Elite Trader Funding’s minimalistic approach to rules and flexibility in trading hours create a trader-friendly environment.
- Free Trial Period: The 14-day free trial allows traders to test the platform before committing to an evaluation, enhancing transparency and trust.
- Leverage Advantage: The opportunity to trade with the platform’s capital can reduce the stress associated with risking one’s own money.
Cons:
- No Resets for Elite Accounts: Traders aiming for Elite accounts do not have the option to purchase resets, potentially increasing the pressure during the evaluation process.
- Limited Trial Account Scope: The trial account cannot be used to qualify for an Elite account, limiting its utility for ambitious traders.
- Limited Asset Types: The platform’s focus on futures trading may not be suitable for traders looking to diversify into other asset classes.
Elite Trader Funding Coupon Codes & Discount
If you are interested in becoming a funded trader, you might want to look for some coupon codes that can help you save money on the evaluation programs. You may be able to get coupon codes from Elite Trader Funding website or other websites that provide available coupon codes. By using coupon codes and taking advantage of special offers, you can save money on Elite Trader Funding and start trading with their capital. Remember to follow their rules and guidelines during the evaluation and verification phases, and you could soon become a funded trader with Elite Trader Funding.
Conclusion
Elite Trader Funding presents an intriguing opportunity for traders looking to access live funding based on their trading performance. The platform’s profit-sharing model, flexible evaluation options, and minimalistic rules make it an appealing choice for both novice and experienced traders. The 14-day free trial provides a risk-free way to explore the platform and determine whether it aligns with your trading goals.
However, it’s essential to consider the limitations, such as the lack of reset options for Elite accounts and the platform’s specialization in futures trading. As with any trading opportunity, success ultimately depends on a trader’s skills, discipline, and ability to manage risk.
Before embarking on an evaluation with Elite Trader Funding, traders should carefully assess their own trading strategies, risk tolerance, and objectives to determine whether this platform is the right fit for them. While Elite Trader Funding offers a promising path to accessing live funding, it is crucial to approach it with a realistic understanding of the challenges and opportunities it presents.
FAQ
What is Elite Trader Funding’s maximum drawdown?
Elite Trader Funding offers a trailing drawdown that ranges from $1,000 for the $10,000 account to $7,500 for the $300,000 account.
What is Elite Trader Funding’s profit target?
Elite Trader Funding offers a profit target that ranges from $1,250 for the $10,000 account to $20,000 for the $300,000 account.
What are Elite Trader Funding’s minimum and maximum trading days?
Elite Trader Funding has a minimum trading days of 5 days and a maximum trading days of 14 calendar days.
What are Elite Trader Funding’s challenge fees?
Elite Trader Funding challenge fees range from $80 every 30 days for the $10,000 account to $655 every 30 days for the $300,000 account.
Does Elite Trader Funding offer a retry?
For traders who encounter challenges during the evaluation process, Elite Trader Funding offers an evaluation reset option at an affordable fee of $75. This means that if a trader hits their drawdown limit or faces difficulties during the evaluation, they can purchase a reset and have another opportunity to qualify for live funding. It’s important to note that resets are not available for Elite accounts or Fast Track evaluations.
Does Elite Trader Funding offer a fee refund?
According to their website, Elite Trader Funding offers 1 month of Elite free for qualifiers on their $100k Fast Track Evaluation ($80 value – it’s more than a refund), and 2 months of Elite free for qualifiers on their $250k Fast Track Evaluation ($160 value – it’s more than a refund).
What is Elite Trader Funding’s profit split?
Elite Trader Funding offers traders the opportunity to keep 100% of their first $12,500 in profits. After reaching the $12,500 profit threshold, traders continue to keep 90% of all profits.
Does Elite Trader Funding offer a scaling plan?
According to the web search results, it seems like Elite Trader Funding does not offer a scaling plan.
Does Elite Trader Funding allow expert advisors?
According to the web search results, it seems like Elite Trader Funding does not allow expert advisors.
Does Elite Trader Funding offer a free trial?
Elite Trader Funding offers a 14-day free trial period, allowing traders to familiarize themselves with the platform and practice trading in a simulated environment. During the trial, traders are provided with a $250k Fast Track account. It’s important to note that traders cannot qualify for an elite account from a trial account. This trial period can be a valuable opportunity for traders to assess whether Elite Trader Funding aligns with their trading style and objectives.
What is Elite Trader Funding’s minimum deposit?
According to the web search results, it seems like Elite Trader Funding does not have a minimum deposit.
What are Elite Trader Funding’s brokers?
According to the web search results, it seems like Elite Trader Funding does not have its own brokers, but rather works with several forex brokerage firms that provide the platforms, data feeds and clearing services for its funded traders.
What are Elite Trader Funding’s platforms?
According to the web search results, it seems like the following trading platforms are supported by Elite Trader Funding:
- Bookmap: Bookmap is an innovative trading platform that displays market liquidity and order flow.
- R | Trader: A low latency futures trade execution platform.
- Tickblaze: A professional trading platform for quants and active traders.
What is Elite Trader Funding’s leverage?
According to the web search results, Elite Trader Funding does not use leverage in the conventional sense, but rather limits the number of contracts that traders can trade on each account based on the account size. For example, a 25K Mini Track account allows traders to trade up to 2 minis, 20 micros or 2 small contracts. The accounts balances announced are the final buying power, so the leverage doesn’t apply here.
Is Elite Trader Funding legit?
Based on the web search results, Elite Trader Funding seems to be a legit service that provides traders with an opportunity to earn live funding based on their trading performance in simulated accounts. The service has a 4.5 star rating on Trustpilot with many positive reviews from satisfied customers who have received their payouts and praised the customer support. However, as with any trading service, there are also some risks and challenges involved, such as meeting the profit target, avoiding the drawdown limit, and trading consistently. Therefore, it is advisable to do your own research and due diligence before signing up for any evaluation program.
Elite Trader Funding’s alternatives
There are many alternatives to Elite Trader Funding, depending on your preferences and goals. Some of the prop firms that offer similar or better features are FTMO, Funded Trading Plus, and Topstep.
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