Elite Trader Funding is a prop firm based in Florida. They offer a unique profit-sharing model that allows traders to keep 100% of their first $12,500. This enticing proposition raises the question: is it too good to be true?
In our Elite Trader Funding review, we will delve into the features, pros and cons, functionality, comparison with other platforms, safety considerations, and ultimately determine whether it is a worthwhile pursuit.
This post aims to provide an in-depth exploration of Elite Trader Funding, examining its characteristics and helping traders make an informed decision. Let’s take a look into the specifics and uncover what Elite Trader Funding has to offer.
What Is Elite Trader Funding?
Elite Trader Funding is a unique program designed to support traders who possess viable trading methods but lack the necessary funds to execute their strategies effectively. Traders have the opportunity to submit their trading techniques and performance records to Elite Trader Funding for evaluation.
Like the other best prop trading firms, after passing the evaluation, traders receive capital from Elite Trader Funding to trade in live markets. This prop firm structure allows traders to access the capital they need in exchange for a percentage of the profits generated.
One of the key advantages of Elite Trader Funding is its emphasis on the trader’s skills and abilities rather than imposing restrictive rules or prescribing specific trading styles. The platform is designed to provide traders with flexible trading conditions, allowing them to trade during their preferred hours, including holidays, special events, and market-moving news events.
How Does Elite Trader Funding Work?
Elite Trader Funding operates on a performance-based approach, providing traders with the necessary funds to effectively execute their trading strategies. Traders undergo evaluation based on their trading tactics and past success records, and those who demonstrate promising skills receive funding from Elite Trader Funding, allowing them to access significant capital without solely relying on their personal investment. Although they do not provide instant funding, the evaluation process is relatively simple and quick.
In addition to financial support, Elite Trader Funding recognizes the importance of education and skill development for traders. The program offers access to educational resources, coaching, and support to help traders enhance their trading knowledge and expertise, ensuring continuous growth in their trading abilities.
Traders have the flexibility to choose from various evaluation types, each with specific criteria such as initial balance, maximum trading days, profit target, and drawdown limits. These evaluations correspond to different account sizes, ranging from 10K to 300K. To qualify for funding, traders must meet the profit target and trade a minimum of 5 days without reaching the maximum drawdown limit.
Elite Trader Funding imposes certain rules to ensure disciplined trading practices. For example, traders are not allowed to hold trades overnight, and there is a limitation on withdrawing more than 40% of the profits.
Elite Trader Funding Features
- Trader-Centric Approach: Elite Trader Funding prioritizes the success of retail traders, providing them with a platform to showcase their skills and access to capital. Their profit-sharing model ensures that traders can earn a significant portion of the profits, aligning the company’s interests with those of the traders.
- Evaluation Types: The platform offers various evaluation types based on different account sizes, allowing traders to choose the evaluation that best suits their trading style and risk tolerance. Each evaluation type has specific parameters such as profit targets and drawdown limits.
- Profit Split: Elite Trader Funding offers an attractive profit split for its traders. After keeping the initial $12,500 in profits, traders can keep 80% of all profits. This generous split surpasses the industry average, making it an appealing option for successful traders.
- Flexible Trading Conditions: Elite Trader Funding provides one of the most flexible trading environments available. Traders have the freedom to trade at their preferred times, including during important news events, accommodating various trading styles and preferences.
- 14 Days Free Trial: Traders can benefit from a 14-day free trial to experience the platform’s features and evaluate its suitability for their trading needs. It allows traders to explore the platform’s capabilities before making a commitment.
- Real-Time Data and Free NinjaTrader License: Elite Trader Funding provides traders with real-time data, ensuring accurate and up-to-date information for making informed trading decisions. Additionally, they offer a free NinjaTrader license, a popular trading platform, further enhancing the trading experience.
- Continuous Performance Monitoring: Elite Trader Funding continuously monitors traders’ performance, enabling them to assess and improve their trading strategies. This ongoing evaluation helps traders identify strengths and areas for improvement.
- Multiple Trading Tools: The platform supports various trading tools, including NinjaTrader, Tradovate, Tradingview, and Rithmic, offering traders a diverse range of options to execute their trades efficiently.
Elite Trader Funding Review: The Pros & Cons
Pros:
- 80% Profit Split: Elite Trader Funding offers an impressive 80% profit split to traders, allowing them to retain a significant portion of their earnings.
- Abundant Educational Materials: Elite Trader Funding provides traders with a wealth of educational resources to enhance their trading knowledge and skills.
- Multiple Account Opening: Traders have the option to open multiple accounts, enabling them to diversify their trading strategies and approaches.
- Free Trial Available: Elite Trader Funding offers a free trial, allowing traders to explore the platform’s features and evaluate its suitability.
Cons:
- No Overnight Trades: Traders are not allowed to hold overnight trades, which may limit trading strategies that require longer-term positions.
- Payout Verification Procedure Time: The payout verification procedure may take up to 24 hours, which can be a disadvantage for traders who prefer quick access to their funds.
- Limited Customer Support: There is no call center available for customer support, which may be a drawback for traders seeking immediate assistance.
- Challenges for Novice Traders: Novice traders may find it challenging to adhere to the daily loss limit and maximum drawdown rules, which could impact their trading experience.
- Qualification Requirements: Traders must meet the profit target and trading days criteria to qualify for funding, which may pose a hurdle for some traders.
Final Thoughts
Elite Trader Funding offers a unique opportunity for experienced traders to access capital and showcase their skills. With its trader-centric approach, attractive profit split, and abundant educational resources, it is one of the best funded stock trading accounts available.
While there are some limitations, such as restrictions on holding overnight trades and limited customer support, the overall benefits outweigh these drawbacks.
If you’re an experienced trader seeking funding and growth opportunities, Click Here to take advantage of Elite Trader Funding and scale up your trading wins.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
