Elite Trader Funding is a prop trading firm located in the USA.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Elite Trader Funding.

Here’s what you’re going to learn:

• What Is Elite Trader Funding
• What Can You Trade With Elite Trader Funding?
• What Are The Elite Trader Funding Account Sizes?
• What Is The Elite Trader Funding Leverage?
• How Much Is The Elite Trader Funding Payout?
• Elite Trader Funding Reviews
• Direct To Funded (DTF) Program
• Challenge – 1-Step Evaluation
• Challenge – Static Drawdown Evaluation
• Challenge – Fast Track Evaluation
• Challenge – End Of Day Drawdown Evaluation
• Challenge – Diamond Hands
• Elite Trader Funding Free Trial
• Elite Trader Funding Free Repeat
• Coupon / Promo Code / Discount
• Elite Trader Funding Platforms
• Elite Trader Funding Trading Hours
• Elite Trader Funding News Trading
• Elite Trader Funding Payment Types
• Is Elite Trader Funding Legit?
• Recap
• Learn More

What Is Elite Trader Funding

Elite Trader Funding is a prop firm located in Florida, USA.

What Can You Trade With Elite Trader Funding?

Elite Trader Funding is a prop firm that funds traders to trade Futures.

Here’s a list of all of the instrument categories:

• Equity Futures
• Foreign Exchange Futures
• Agricultural Futures
• Energy Futures
• Interest Rate Futures
• Metals Futures
• Cryptocurrency Futures

What Are The Elite Trader Funding Account Sizes?

The Elite Trader Funding funds traders with account balances that go from $10,000 up to $250,000. There’s no scaling plan for any account type.

There are six different types of evaluations to apply to the funded accounts. They are:

• Direct To Funded (DTF)
• 1 Step Evaluations
• Static Evaluations
• Fast Track Evaluations
• EOD Drawdown Evaluation
• Diamond Hands Evaluation

When you pass your chosen evaluation, you’ll get an Elite Account with the same characteristics as the evaluation account that you chose.

The prices of the smaller funded accounts start at $75 and go up to $699 for the bigger account. These are prices to take the challenges. Once you qualify for a real account, the fee is $80/month on any account type and size.

What Is The Elite Trader Funding Leverage?

The accounts’ balances announced are the final buying power, so the leverage doesn’t apply here.

Instead, you have limits on the number of contracts that you can trade on each account, which depends on the account size.

Here are the number of contracts you can trade with Elite Trader Funding accounts.

Direct To Funded:

• 25k: 2 minis or 2 micros
• 50k: 5 minis or 5 micros

1 Step:

• 50k: 8 minis or 80 micros
• 100k: 14 minis or 140 micros
• 150k: 18 minis or 180 micros
• 250k: 24 minis or 240 micros

Static Drawdown:

• 10k: 1 mini or 10 micros
• 25k: 2 minis or 20 micros
• 50k: 4 minis or 40 micros
• 100k: 14 minis or 140 micros

End Of Day (EOD):

• 50k: 8 minis or 80 micros
• 100k: 14 minis or 140 micros
• 150k: 18 minis or 180 micros

Diamond Hands:

• 100k: 2 minis or 20 micros

How Much Is The Elite Trader Funding Payout?

Elite Trader Funding shares the profits with the trader with no profit split. You get 100% of the profits you make once you get sim-funded. In the past, this was capped at $12.5k, but not anymore.

Elite Trader Funding Reviews

According to Trustpilot, Elite Trader Funding is classified as great. It’s scoring 4.1/5.0 after 1,170 reviews.

Direct To Funded (DTF) Program

This challenge lets you apply for accounts with $25,000 and $50,000.

It was created for traders who want to skip the evaluation and begin trading a sim-funded account immediately.

Rules:

• Minimum days to trade: No minimum, you get funded immediately.
• Maximum trading days: Trade for as long as you want.
• Max drawdown: 10% on any account. It’s an End-of-Day Trailing Drawdown
• Profit target: No target too, you get the sim-funded account immediately.

You can trade up to 5 DTF accounts at the same time.

Challenge – 1-Step Evaluation

This challenge lets you apply for accounts between $50,000 and $250,000.

It was created for traders who like to trade fast and often.

Rules:

• Minimum days to trade: 5 days.
• Maximum trading days: There’s no maximum, you can take all the time that you want to finish the challenge.
• Max drawdown: 2.6% on the bigger account and increases up to 10% on the smaller account. The drawdown trails with the equity of your account.
• Profit target: 6% for any account size.

This challenge has 1 single phase. Once you pass it, you get funded with an Elite account.

You can trade up to 20 1-Step accounts at the same time.

Challenge – Static Drawdown Evaluation

This challenge lets you apply for accounts between $10,000 and $50,000.

This account doesn’t have any trailing drawdown or maximum loss. Instead, it has a maximum drawdown, which is defined as a minimum account balance that cannot be reached.

Here are the rules:

• Minimum days to trade: 5 days.
• Maximum trading days: There’s no maximum number of days, you can take the time that you need.
• Max static drawdown: It’s 5% for the smaller account ($10k) and 4% for the bigger ones ($25k and $50k)
• Profit target: It’s 10% for the smaller account ($10k) and 8% for the bigger ones ($25k and $50k)

You can trade up to 20 Static Drawdown accounts at the same time.

Challenge – Fast Track Evaluation

This challenge lets you apply for a single account size of $100,000.

It was created for traders who believe they can hit the profit target quickly. On this challenge, you have a maximum number of days to achieve the profit target.

Here are the rules:

• Minimum days to trade: 5 days.
• Maximum trading days: You have 14 calendar days to hit your profit target.
• Max drawdown: 3% (equity trailing drawdown type).
• Profit target: Hit 6% and you pass the challenge.

You can trade up to 3 Fast Track accounts at the same time.

Challenge – End Of Day Drawdown Evaluation

This challenge lets you apply for accounts between $50,000 and $150,000. Besides the trailing drawdown, which is considered at the end of the day, this challenge also has a daily loss limit.

Here are the rules:

• Minimum days to trade: 5 days.
• Maximum trading days: There’s no maximum, you can take all the time that you want to finish the challenge.
• Max daily loss: 3% for the bigger account and up to 4% for the smaller one.
• Max drawdown: 2.2% regardless of the account size. The drawdown is End Of Day Trailing.
• Profit target: 6% for any account size.

This challenge also has 1 single phase. As soon as you reach the goals without breaking any rules, you’ll get funded with an Elite account to trade real funds.

You can trade up to 20 EOD Drawdown accounts at the same time.

Challenge – Diamond Hands

This challenge lets you apply for a $100,000 account only.

This account was created for swing traders, or traders who want to have the possibility to hold their trades for longer periods than simply day trading. It’s a rare kind of challenge since Futures prop firms don’t usually allow holding positions overnight or over the weekend.

Here are the rules:

• Minimum days to trade: 5 days.
• Maximum trading days: There’s no maximum number of days, you can take the time that you need.
• Daily Loss Limit: You cannot lose more than 1.5% on any given day.
• End of the day trailing drawdown: 3.5%.
• Profit target: 5%.

You can trade up to 20 Diamond Hands accounts at the same time.

Elite Trader Funding Free Trial

In the past, there was a 14-day free trial, but unfortunately, the firm doesn’t offer it anymore.

Elite Trader Funding Free Repeat

The Fast Track Evaluation offers a free repeat. It works like this, if you didn’t achieve the profit target within 14 days, your account can be turned into a 1 Step Evaluation account of the same size.

Coupon / Promo Code / Discount

Elite Trader Funding gives me links and discount coupons frequently to share with my readers.

Check this page every time you want to buy a challenge to find the best deals.

Right now, I have this available (ends July, 31):

• Click button below and use code THANKYOU65 for a 65% off on DTF, Static and Fast Track accounts.
• Click button below and use code THANKYOU90 for a 90% off on 1-step, EOD and Diamond Hands accounts.

Elite Trader Funding Platforms

All accounts come with free real-time data and a free NinjaTrader license key.

Besides that, Elite Trader Funding supports the most popular futures trading platforms.

You can use:

• NinjaTrader
• Tradovate
• Rithmic / R|Trader
• TradingView
• ATAS
• Bookmap
• EdgeProX
• eSignal
• Finamark
• Investor/RT
• MotiveWave
• NinjaTrader
• Quantower
• Sierra Chart

Elite Trader Funding Trading Hours

All trades must be closed 1 minute before the close of the market. Please be aware that not all instruments have the same closing time. On some particular days, like holidays, the closing time may also differ from regular days.

However, if you are trading the Diamond Hands account, you can hold your trades overnight. There are no restrictions on this type of account. You can keep your trades open for as long as you need, according to your own trading style.

Elite Trader Funding News Trading

If you like to trade news, then this is a good prop firm for you.

There are no restrictions on news trading. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.

Elite Trader Funding Payment Types

Here are all the payment types accepted by Elite Trader Funding:

• Wire
• PayPal
• Crypto
• Credit Card
• Payoneer
• Revolut
• Wise
• Deel Card
• Coinbase

Is Elite Trader Funding Legit?

Yes, Elite Trader Funding is a legit company.

Contacts should be made through their website contact form.

Recap

• Elite Trader Funding is a prop trading firm based in the US.
• You can get a funded account with up to $250,000 in balance, and 100% of the profits are for you.
• To get access to a funded account, you need to pass one of six different challenges, depending on the account type that you want to apply to.
• You can trade all the major Futures instruments.
• The popular Ninjatrader, Rithmic, Tradovate, and TradingView platforms are available to trade.

Learn More

• PropScan – challenge filter and selector
• What is prop trading
• List of the best prop trading firms
• Compare any prop firm
• The best Futures prop firms