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.
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Firm Overview
Firm Overview
Elite Trader Funding Prop Firm Details
Broker:
Liquidity ProviderPlatform:
Trading Features:
Funding Details:
Payment Methods:
Payout Methods:
Instruments and Assets
Access to 76 futures contracts across multiple asset classes and exchanges, providing diverse trading opportunities.
Category | Symbols | Description |
---|---|---|
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
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.
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
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.
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.
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.
Payout Policy
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
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
- •Credit Card
- •Debit Card
- •Cryptocurrency
- •Wire Transfer
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.