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.
Pros & Cons Analysis
An unbiased evaluation of Elite Trader Funding's strengths and weaknesses to help you make an informed decision.
Generous Profit Split
Traders receive 100% of the first $12,500 in profits, then 90% thereafter, providing an attractive incentive structure for successful trading.
High Max Funding
With a maximum funding capability of $30 million, traders have the potential to access significant capital to scale their trading strategies.
Diverse Tradable Assets
Access to 76 futures contracts across various asset classes, including equities, commodities, and cryptocurrencies, allows for diversified trading strategies.
Flexible Trading Options
Traders can engage in scalping and news trading, offering flexibility in strategy execution within the firm's guidelines.
Advanced Trading Platforms
Supports popular trading platforms like NinjaTrader, Tradovate, Rithmic, and TradingView, ensuring traders have access to reliable and sophisticated tools.
Multiple Payout Methods
Offers various payout methods, including cryptocurrency and wire transfers, accommodating different trader preferences for receiving profits.
High Evaluation Fees
Evaluation fees range from $2,500 to $65,500, which can be a significant upfront cost for traders seeking to join the program.
Weekend Holdings Prohibited
Traders must close all positions before the market close, limiting strategies that benefit from holding positions over the weekend.
Limited Track Record
The firm does not have a publicly defined founding year, making it difficult for traders to assess its longevity and reliability.
Consistency Rule
A 40% consistency rule is applied, which can restrict traders from making large profits in a single day, affecting overall trading strategy.
No High-Frequency Trading
Prohibits high-frequency trading and related strategies, potentially limiting the approach of traders who specialize in rapid trading.
Editorial Analysis
Elite Trader Funding offers a robust platform for traders seeking capital and flexibility in executing their strategies. The firm stands out for several compelling reasons.
With a maximum funding capacity of $30 million, Elite Trader Funding provides traders with the opportunity to scale their operations significantly, catering to both beginners and seasoned professionals.
The firm offers a lucrative profit-sharing model where traders retain 100% of the first $12,500 in profits, followed by a competitive 90% split, aligning incentives with trader success.
Traders enjoy substantial flexibility, including the ability to scalp and trade during news events, enabling them to capitalize on market volatility and execute diverse strategies efficiently.
Utilizing advanced platforms like NinjaTrader, Tradovate, Rithmic, and TradingView, Elite Trader Funding ensures traders have access to cutting-edge technology for seamless trading experiences.
Important Considerations
Despite its strengths, Elite Trader Funding presents several challenges that prospective traders should consider before committing.
The absence of a defined founding date raises concerns about the firm's historical performance, making it challenging for traders to gauge its long-term stability and trustworthiness.
Trading restrictions such as prohibiting weekend holdings and high-frequency strategies can limit the scope of traders' approaches, requiring careful strategy alignment with firm policies.
The high evaluation fees, ranging from $2,500 to $65,500, could deter traders, especially those with limited initial capital seeking to join the program.
The 40% consistency rule mandates balanced trading performance, potentially affecting traders accustomed to generating significant profits on select high-volatility days.
Elite Trader Funding offers a compelling mix of high funding potential and flexible trading options. However, high costs and restrictions may pose challenges for some traders.
This program is best suited for experienced traders with significant capital, looking for a generous profit split and flexible trading options across diverse asset classes.
Prospective traders should weigh the firm's benefits against its costs and restrictions to determine if it aligns with their trading style and financial goals.