Elite Trader Funding Prop Firm Review – In this dynamic world of trading, proprietary trading firms offer quite a unique avenue for traders to utilize substantial capital without the full financial risk resting directly on their persons. In this manner, Elite Trader Funding Prop Firm has emerged, now notable in the facilitation of traders to avail them with the necessary environment and resources to maximize full trading potential.
This review will outline the main points of Elite Trader Funding: pros and cons. This review covers everything from the generous profit splits to the flexible trading options, potential high fees, and challenges during the evaluation process, showing whether this prop firm aligns with your trading goals. Whether you’re a long-time trader or just starting out, this guide actively explores the details of Elite Trader Funding to help you make a well-informed decision about your next move in the trading arena.
Overview of Elite Trader Funding Prop Firm
Elite Trader Funding is among a few prop firms in this aggressive market that offer a very well-defined route for traders to reach high-value capital with minimal investment on their part. The company formed Earn2Trade with the clear goal of providing traders a strong platform and a supportive environment. It actively offers various funding options to accommodate different levels of trading experience and risk tolerance.
It’s basically a company that gives traders the opportunity to trade with the firm’s capital for trading, which enables them to focus on a strategy and performance rather than the capital constraint. Elite Trader Funding offers multiple trading platforms and tools to suit different trading styles, from day trading to long-term investment.
Its funding model is performance-based, scaling traders’ accounts in line with demonstrated profitability and skill. This could further provide the successful trader with a substantial profit share. However, for those traders, there are several factors that could affect their perceived value in the firm’s offering: an array of costs and restrictions exist, such as evaluation fees and the cardinal sin of withdrawal policies. Most importantly, Elite Trader Funding seeks to empower traders with access to meaningful levels of trading capital, comprehensive resources, and community support. In turn, it is a well-considered option for anyone who aspires to an uprising in the field.
Key Features and Offerings
The platform has a number of key features that place it on the top of the ladder among its competitors in the market. In relation to this, let’s revisit some of its exemplary offerings.
Variety of Funding Programs
It is one of the most attractive points of Elite Trader Funding: diversification of funding programs, which suits different traders’ needs. From a beginner wanting to get a start and all the way to an advanced trader looking for large capital, there is a program for everyone. The programs have some specifications in requirements and advantages, allowing traders to pick those that best suit their trading style and goals.
Conducive Trading Environment
Elite Trader Funding believes in providing an efficient trading environment that shall favor the trader in every respect. The webpage allows access to state-of-the-art trading tools, resources, and educational materials to ensure that no trader is at a disadvantage while making his or her trading decisions. This supportive ecosystem is what a novice, as well as an experienced trader, will require in efforts toward honing their skill with a view to attaining consistent profitability .
Transparent Evaluation Process
One of the founding blocks in the operations of Elite Trader Funding is transparency. It has straightforward and candid evaluation of the platform, meaning this is how the website sets up expectations and requirements for a trader from the very beginning. This builds trust and assurance among the traders because they can be certain their performance will be appraised rightly and fairly.
Competitive Profit Sharing
Another key benefit derives from the structure of profit sharing given that Elite Trader Funding is highly competitive. The traders can retain a significant percentage of their profit, which, accordingly, can be viewed as serious incentive for performing well. Such a structure would reward traders for their success but also align the goals between the trader and the platform.
Instruments Elite Trader Funding Prop Firm
Futures on currencies, cryptocurrencies, stocks, commodities, energy, and metals.
Pros of Elite Trader Funding Prop Firm
- It offers different account types and tariffs with the possibility of receiving trading funds in amounts ranging from $10,000 to $300,000;
- The platform has a monthly fee, but a new partner can use all the services for free within 14 days;
- A trader gets 100% of the profit with income up to $12,500, when the amount of income increases, the ratio is 80/20;
- Access to 76 of the most popular futures contracts is provided;
- leverage is available, while strategy restrictions are not imposed;
- in case of reaching a maximum drawdown, traders can simply reset the account parameters. The Traders’ partnership program pays traders 15% of a referral’s monthly fee.
- Trading amounts from $10,000 to $300,000 vary by tariff and account type
- New partners get a 14-day free trial of all services before paying monthly
- Profits up to $12,500 are kept and shared 80/20
- There are 76 popular futures contracts
- Without strategic constraints, leverage
- Reset maximum drawdown
- A partnership program offers traders 15% of monthly revenue for each referral
- 100% of your first $12,500 in profits are entirely yours.
- You have a 14-day free trial to prepare for the evaluation.
- Multiple evaluation options that you can choose from according to your trading profile.
- You can trade during news.
- You can get funded after only 5 trading days.
Cons of Elite Trader Funding Prop Firm
- Elite Trader Funding requires its clients to pay a monthly subscription fee unlike most of its competitors, who charge an initial fee only;
- The prop firm does not allow trading via MetaTrader 4 and MetaTrader 5 (MT5). Instead, the firm uses NinjaTrader, Tradovate, TradingView, and Rithmic platforms;
- There are no requirements for the general maximum drawdown, but there is a limit for the trailing and intraday drawdowns.
- Earn2Trade doesn’t mention a specific maximum drawdown, but it does apply trailing and intraday drawdown caps to manage risk. This structure keeps traders focused on maintaining steady performance while ensuring they don’t exceed daily or overall loss limits.
- Fast-track accounts don’t have a reset option.
- Funded accounts have a consistency rule that may not be suitable for all trading strategies.
Instrument
- Equity Futures
- Foreign Exchange Futures
- Agricultural Futures
- Energy Futures
- Interest Rate Futures
- Metals Futures
- Cryptocurrency Futures
Frequently Asked Questions (FAQs)
What Is Elite Trader Funding?
Elite Trader Funding is a prop trading firm established in Delaware, USA by Clint Chaney, Kanwal Singh, and Eric in 2022. Elite Trader Funding offers futures traders access to funded trading accounts upon passing a trading evaluation.
A prop trading firm is a company that trades financial assets using its own capital, not client money. Unlike investment firms, their main goal is direct market profits. Prop trading firms hire professional traders who use various strategies to generate profits. Traders are rewarded based on their performance.
What Can You Trade With Elite Trader Funding?
Elite Trader Funding is a prop firm that funds traders to trade Futures.
How Much Is The Elite Trader Funding Payout?
Elite Trader Funding shares the profits with the trader with an 80% profit split. You get 80% of all the profits that you made once you get funded, and the prop firm keeps 20% for them. The exception goes for your first profits. You get them with no profit split, all your first $12,500 profits are yours entirely.
