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Elite Trader Funding

Elite Trader Funding provides traders with an opportunity to earn funding based on their trading performance in evaluation accounts. Traders can access up to 20 funded accounts through a single login.

CEO:
Clint Chaney
Country:
United States
Founded:
2022
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Firm Overview

Elite Trader Funding Prop Firm Details

Broker & Platform

Broker:

Liquidity Provider

Platform:

NinjaTraderTradovateRithmicTradingView

Trading Features:

News TradingScalpingExpert AdvisorsHigh FrequencyWeekend HoldingHedgingSwap Free
Funding & Payments

Funding Details:

Max Funding: $300,000Profit Split: 100%Accounts: $10,000 - $300,000Max Number of Accounts: 1Max Total Funding: $300K

Payment Methods:

Credit Card

Payout Methods:

Credit CardDebit CardCryptocurrencyWire Transfer

Instruments and Assets

Access to 76 futures contracts across multiple asset classes and exchanges, providing diverse trading opportunities.

CategorySymbolsDescription
Equity Indices
ESNQYMRTYMESMNQMYMM2K
E-mini and Micro E-mini S&P 500, Nasdaq-100, Dow Jones, Russell 2000
Currencies
6E6B6J6C6A6S6N6MM6EM6BM6JM6CM6AM6S
Euro, British Pound, Japanese Yen, Canadian Dollar, Australian Dollar, Swiss Franc, New Zealand Dollar, Mexican Peso futures
Energy
CLMCLQMNGQGRBHO
WTI Crude Oil, Natural Gas, RBOB Gasoline, Heating Oil futures
Metals
GCSIMGCSILPLPAHGMHGZNAL
Gold, Silver, Micro Gold, Micro Silver, Platinum, Palladium, Copper, Zinc, Aluminum futures
Agriculture
ZCZSZWZMZLZOZRCCKCSBCTOJLEHEGF
Corn, Soybeans, Wheat, Soybean Meal, Soybean Oil, Oats, Rice, Cocoa, Coffee, Sugar, Cotton, Orange Juice, Live Cattle, Lean Hogs, Feeder Cattle

Consistency Rules

40% Consistency Rule5-Min Trading DaysNo Single-Day Profit Overload
Understanding the Consistency Rules at Elite Trader Funding

Elite Trader Funding is dedicated to cultivating disciplined and methodical trading habits among its participants. To achieve this, the firm enforces a set of consistency rules designed to ensure traders maintain an even and calculated approach to trading. A key element of this approach is the 40% consistency rule.

Key Consistency Requirements

  • The 40% Consistency Rule: No single day's profit can exceed 40% of the total profits. This encourages traders to distribute their success over multiple trading sessions rather than relying on a few significant wins.
  • Minimum Trading Days: Traders must actively trade for a minimum of 5 days during the evaluation period. This ensures a consistent level of activity and engagement with market conditions.
  • Prohibited Strategies: To promote fair trading practices, Elite Trader Funding prohibits high-frequency trading, scratch trades, and SIM manipulation. These restrictions are in place to maintain a level playing field for all participants.
Implementation Details

The 40% consistency rule is critical in preventing traders from taking excessive risks on any single day. By capping the profit a trader can make in one day at 40% of their total profits, the firm encourages a steady, strategic approach. This requirement complements the minimum trading days rule, which ensures that traders engage with the market regularly and don't rely on sporadic, high-risk trades.

Impact and Benefits

These consistency rules offer several benefits to traders at Elite Trader Funding. By adhering to a consistent trading strategy, traders can develop their skills and improve their market understanding. This structured approach not only mitigates risk but also enhances long-term trading performance. Ultimately, these rules are designed to foster a disciplined trading environment where traders can achieve sustainable success.

Firm Rules

News Trading AllowedScalping PermittedNo Weekend Holding

Elite Trader Funding presents a structured trading environment with clearly defined rules to ensure both flexibility and compliance. Traders seeking to join will find a range of opportunities within a robust framework designed to balance risk and reward.

Key Trading Rules

Elite Trader Funding allows:

  • News Trading: Permitted during all news events, including high-impact releases, providing traders with opportunities to capitalize on market volatility.
  • Scalping: Short-term trading strategies are welcomed, allowing traders to engage in rapid trades for quick profits.
  • Expert Advisors: Automated trading strategies are supported, enabling the use of sophisticated algorithms to enhance trading outcomes.
  • VPN Usage: Traders can use VPNs and VPSs, facilitating secure and flexible trading from various locations as of April 22nd.
Trading Restrictions

While Elite Trader Funding offers a versatile trading environment, certain restrictions are in place to maintain market integrity and manage risk:

  • No Weekend Holding: Positions must be closed before the weekend, ensuring that traders do not expose themselves to unpredictable market conditions over the weekend.
  • Prohibited Strategies: High-frequency trading, scratch trades, and SIM manipulation are not allowed, ensuring fair and transparent trading practices.
  • Position Closure: All positions must be closed one minute before market close, except for specific accounts such as 'Diamond Hands'.
  • Consistency Rule: A 40% consistency rule applies, where no single day can contribute more than 40% of total profits.
Special Features

Elite Trader Funding offers a wide range of tradable symbols:

  • Futures Contracts: A total of 76 futures contracts across multiple asset classes, including energy, metals, currencies, treasuries, volatility indices, agriculture, equity indices, and cryptocurrencies.
  • Platforms: Traders have the flexibility to use NinjaTrader, Tradovate, Rithmic, and TradingView, ensuring access to preferred trading interfaces.
With these comprehensive rules and features, Elite Trader Funding provides a balanced platform for traders to explore diverse strategies while adhering to structured guidelines.

Payout Policy

100% First $1250090% ThereafterPayout Every 10 DaysMultiple Payment MethodsSame-Day Processing$100 Minimum Payout
Introduction

Elite Trader Funding offers an attractive payout policy that is designed to benefit traders by ensuring they receive the maximum possible returns from their trading efforts. With a 100% profit split on initial earnings and a flexible payout schedule, this firm sets itself apart in the competitive world of proprietary trading.

Payout Structure

Elite Trader Funding provides a straightforward and lucrative payout structure for its traders:

  • 100% profit split on the first $12,500 earned

  • 90% profit split on earnings above $12,500
This profit split is calculated per trader rather than per account, ensuring fairness and maximizing individual trader benefits.

Timing & Methods

The company offers a flexible and frequent payout schedule, allowing traders to access their earnings in a timely manner:

  • Payouts are processed every 10 trading days following an initial 15-day period

  • Same-day processing is available if requested before 10 AM EST
Traders can choose from a variety of payout methods to suit their preferences:

  • Credit Card

  • Debit Card

  • Cryptocurrency

  • Wire Transfer
Additionally, payouts can be received via bank transfer and Rise payment methods, providing further versatility.

Requirements & Benefits

To qualify for payouts, traders must meet a minimum trading period of 5 days. The minimum payout amount is set at $100, ensuring that traders can access their funds without unnecessary delays. While there is no formal payout guarantee, the firm's efficient processing and diverse payment options offer significant advantages.

Elite Trader Funding's payout policy is crafted to support traders by offering competitive profit splits and flexible payout options. This ensures that traders can focus on their trading strategies with the confidence that their earnings will be available in a timely and efficient manner.

Restricted Countries

Global Access

This firm accepts traders from most countries worldwide. Please check with the firm for specific eligibility requirements.