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Elite Trader Funding vs FTMO – Full Comparison

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Elite Trader Funding

FTMO

In this article, we’ll be comparing two prop firms, Elite Trader Funding and FTMO.

Let’s look at all details.

Prop Firms General Details

In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable).

Prop Firm Details Elite Trader Funding FTMO
Year Founded 2022 2015
Offices Location Florida, USA Prague, Czech Republic
Maximum Balance $300,000 $2,000,000
Keep First Profits $12,500 Challenge Fee

FTMO is 9 years old. It was founded in 2015, earlier than Elite Trader Funding which was founded in 2022 and is 2 years old.

Instruments

Here’s a list of all instruments supported by Elite Trader Funding and FTMO. I divided the list into two parts to show CFDs products and Futures products.

Instruments CFDs Elite Trader Funding FTMO
Forex
Indices
Metals
Commodities
Stocks
Crypto
Instruments Futures Elite Trader Funding FTMO
Equity Futures
Foreign Exchange Futures
Agricultural Futures
Energy Futures
Interest Rate Futures
Metals Futures
Crypto Futures
Bonds Futures
Instruments Crypto (non-CFDs) Elite Trader Funding FTMO
Crypto Spot
Crypto Futures
Crypto Options

Funding Program Types

Prop firms have different program types to achieve a funded account.

Here’s the resume and comparison of the Elite Trader Funding and FTMO different program types.

Prop Firm Programs Elite Trader Funding FTMO
One-Step Evaluation
Two Step Evaluation
Instant Funding

Instant Funding Comparison

Instant funding programs give you access to a funded account immediately without needing to pass any challenge.

Instant Funding Rules Elite Trader FundingFTMO
Profit Target
Max Daily Loss
Max Daily Drawdown
Max Loss
Max Drawdown
Minimum Trading Days
Maximum Trading Days
Profit Split

One-Step Program Comparison

One-Step programs are programs that require a single challenge to be passed. As soon as you pass the challenge, achieving the required targets without breaking any rules, you’ll be rewarded with a funded account to trade.

Here’s the comparison table for the Elite Trader Funding and FTMO prop firms.

One Step Rules Elite Trader FundingElite Trader FundingElite Trader FundingElite Trader FundingElite Trader FundingFTMO
Program Name 1-StepEnd Of DayFast TrackStatic DrawdownDiamond HandsN/A
Profit Target 12.5%-6.7%7%-6%8%-6%1.3%-2.6%5%
Max Daily Loss 2.2%-1.7%1.5%
Max Daily Drawdown 10%-2.5%6%-2.8%3%-2.6%3.5%
Max Loss 0.6%-0.8%
Max Drawdown
Minimum Trading Days 55555
Maximum Trading Days 14
Profit Split 80%80%80%80%80%

Two-Step Program Comparison

Two-Step programs require that you pass two different challenges before getting funded. Usually, each phase or each challenge has different targets and rules.

Here’s the comparison for Elite Trader Funding and FTMO.

Two Step Rules Elite Trader FundingFTMOFTMO
Program Name N/ANormalSwing
Profit Target Step 1 10%10%
Profit Target Step 2 5%5%
Max Daily Loss 5%5%
Max Daily Drawdown
Max Loss 10%10%
Max Drawdown
Min Trading Days Step 1 44
Min Trading Days Step 2 44
Max Trading Days Step 1
Max Trading Days Step 2
Profit Split 80%, up to 90%80%, up to 90%

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Trustpilot Reviews

Trustpilot is a reputable platform when it comes to reviewing products and services.

Here is the rating that Elite Trader Funding and FTMO have on Trustpilot.

Trustpilot Stats Elite Trader Funding FTMO
Stars
Trustpilot Rating 4.0/5.0 4.9/5.0
Number of Reviews 82 4,408

Free Stuff

Being able to test a prop firm before we commit and purchase is a good thing. We can get used to their trading platform, and understand spreads, commissions, and rules.

Some proprietary firms also offer free repeats in some circumstances, and also free resets, to be able to reset our account before the challenge period is over, in case things are not going as we wanted.

Here’s the comparison for Elite Trader Funding and FTMO prop firms.

Free Stuff Elite Trader Funding FTMO
Free Trial
Free Repeat
Free Reset

Trading Styles

Some prop firms may be better for you than others depending on your trading style. In this table, you can see the comparison between the trading styles allowed by Elite Trader Funding and FTMO prop firms.

Trading Styles Elite Trader Funding FTMO
Scalping
Day Trading
Swing Trading
Copy Trading
News Trading
EAs/Bots/Algos Trading
Arbitrage Trading
HFT Trading

Trading Hours

Although most proprietary firms are more oriented to day trading, some allow holding positions overnight and even on weekends.

Here’s what is allowed by Elite Trader Funding and FTMO.

Trading Hours Elite Trader Funding FTMO
Holding Overnight
Holding Over Weekend

Trading Platforms

We all like to use the trading platform that we are used to. For this reason, prop firms support different trading platforms.

Here’s an extensive list of the platforms supported by Elite Trader Funding and FTMO.

Supported Platforms Elite Trader Funding FTMO
MT4
MT5
cTrader
TradingView
MatchTrader
DXtrade
Proprietary
Web
NinjaTrader
Tradovate
Rithmic
TigerTrade
OptimusFlow
InsideEdge Trader
Volfix
ATAS
Overcharts
Medved Trader
Quantower
QST
ScalpTool
TSLAB
TradeNavigator
SierraChart
MultiCharts
Photon
MotiveWave
RInvestor
Bookmap X-Ray
T4
Jigsaw Daytradr
Edgeclear
Finamark
Agena Trader
QScalp
Track N Trade
eSignal
Collective2
Trader Evolution
EdgeProX

Leverage

The leverage provided by the prop firm may be an important factor when choosing it. This is especially true for day trading or scalping, where the position size is usually significantly bigger than for swing trading.

Here’s a comparison of the leverage provided by Elite Trader Funding and FTMO prop firms.

Leverage CFDs Elite Trader FundingFTMOFTMO
Program Name AllNormalSwing
Forex 1:1001:30
Indices 1:501:15
Metals 1:501:15
Commodities 1:501:15
Stocks 1:101:3
Crypto 1:3.31:1
Leverage Futures Elite Trader FundingFTMOFTMO
Program Name AllNormalSwing
Futures 1:1
Crypto (non-CFDs) Elite Trader FundingFTMOFTMO
Program Name AllNormalSwing
Crypto

Payments

Proprietary firms have several ways of payment.

Here’s a table with the comparison between the payment methods accepted by Elite Trader Funding and FTMO.

Payment Types Elite Trader Funding FTMO
Wire Transfer
Paypal
Neteller
Skrill
Crypto
Credit Card
Google Pay
Payoneer
Coinbase
Binance
Revolut
Wise
Deel Card
Nuvei
Checkout.com
Confirmo
Perfect Money
PayRetailers
Paysera

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