Elite Trader Funding Review

Our Take on Elite Trader Funding

Elite Trader Funding belongs to the smaller prop firms in the futures trading sector. Their recent revamp of the website helps better understand their trading challenge offering. Their one-time activation fees belong to the highest in the industry since the fee is not a flat fee with the same price across all accounts, it’s a variable price that depends on the account (e.g. the 150K account has a $247 one-time activation fee). Instead of paying the one-time activation fee, traders can also pay an activation fee of $47 for the first month and then $87 monthly. Together with the challenge fee itself, the prices add up quickly and catapult the pricing beyond the typical pricing compared to other prop firms.

Also, like some other prop firms, the company uses extremely high retail prices just to offer them an enormous discount to reduce the price to a reasonable level. Those discounts don’t have a real value. Another catch that is kind of a red flag: if you click to purchase a specific challenge, it will not automatically apply the discount in the shopping cart. Instead, you have to input the discount code manually (even if they show the discounted price in large text, but then mention in small print that the cost is the original one, with just below the disclaimer that “No refunds will be issued if you fail to input a promotional code.”). Let’s say you want to purchase the 250K 1-step account. It costs $597 retail, but $119.40 if you type in the promo code. If you fail to type the code into the field, they charge you $597. That’s at least a questionable marketing tactic.

Overall, their rule set is in multiple cases far from prop firm industry norms. The pricing logic, their own interpretation of consistency rules, and similar quirks make it difficult for traders to successfully complete the trading challenge and reach a payout.

Overall, the

Prop Firm Details

*Elite Trader Funding has a different than usual consistency rule, called the 23% Rule. The trader must earn at least 23% of the best trading day profit to get a new day counted as an Active Trading Day, and you need at least 8 Active Trading Days in order to get a payout. In addition, there is a Minimum Realized Profit Rule and a Safety Net Rule in place. Also, note that in the first 3 payout cycles, there is an amount limit in place and you need to be a paying client during the payout process. Read the exact terms carefully to evaluate if this rule setting fits your needs.

Instant Funding

Prop Firm	Account Type	Account Size	Instrument	Steps	Profit Split	Profit Target	Daily Loss	Max Loss	Price
	Direct To Funded	$25,000	Futures	Instant	100%	$2,600	None	$2,500	$647
	Direct To Funded	$50,000	Futures	Instant	100%	$5,100	None	$5,000	$747
	Direct To Funded	$100,000	Futures	Instant	100%	$5,100	None	$5,000	$997

Direct To Funded skips the evaluation entirely. Traders start in an Elite Sim-Funded account immediately. One-time fee, no monthly subscription. Up to 5 active DTF accounts per user. Note: the $25K and $50K DTF accounts use EOD trailing drawdown, while the $100K DTF uses a static drawdown that never trails.

Intraday Trailing Drawdown

Prop Firm	Account Type	Account Size	Instrument	Steps	Profit Split	Profit Target	Daily Loss	Max Loss	Price
	1 Step	$50,000	Futures	1-Step	100%	$3,000	None	$2,000	$197
	1 Step	$100,000	Futures	1-Step	100%	$6,000	None	$3,000	$247
	1 Step	$150,000	Futures	1-Step	100%	$9,000	None	$5,000	$347
	1 Step	$250,000	Futures	1-Step	100%	$15,000	None	$6,500	$597

1-Step accounts use live intraday trailing drawdown on both open and realized profit. No daily loss limit. Minimum 5 trading days to pass. Auto-renews every 30 days.

Static Drawdown

Prop Firm	Account Type	Account Size	Instrument	Steps	Profit Split	Profit Target	Daily Loss	Max Loss	Price
	Static Drawdown	$10,000	Futures	1-Step	100%	$1,000	None	$500	$147
	Static Drawdown	$25,000	Futures	1-Step	100%	$2,000	None	$1,000	$277
	Static Drawdown	$50,000	Futures	1-Step	100%	$4,000	None	$2,000	$497

Static Drawdown accounts have a fixed minimum balance that never moves regardless of profits made. No daily loss limit. Minimum 5 trading days to pass. Auto-renews every 30 days.

EOD Drawdown

Prop Firm	Account Type	Account Size	Instrument	Steps	Profit Split	Profit Target	Daily Loss	Max Loss	Price
	EOD Drawdown	$50,000	Futures	1-Step	100%	$3,000	$1,100	$2,000	$347
	EOD Drawdown	$100,000	Futures	1-Step	100%	$6,000	$2,200	$3,500	$487
	EOD Drawdown	$150,000	Futures	1-Step	100%	$9,000	$3,300	$4,500	$657
	Diamond Hands	$100,000	Futures	1-Step	100%	$5,000	$1,500	$3,500	$397

EOD Drawdown and Diamond Hands accounts use end-of-day trailing drawdown. A daily loss limit applies on both, calculated from the prior day’s ending balance. Diamond Hands additionally allows overnight and weekend holds. Minimum 5 trading days to pass. Auto-renews every 30 days.

Fast Track

Prop Firm	Account Type	Account Size	Instrument	Steps	Profit Split	Profit Target	Daily Loss	Max Loss	Price
	Fast Track EOD	$10,000	Futures	1-Step	100%	$2,000	None	$500	$57
	Fast Track Static	$10,000	Futures	1-Step	100%	$2,000	None	$500	$77

Fast Track accounts must be completed within 10 calendar days with a minimum of 3 trading days. No monthly renewal, one-time fee only. A 40% consistency rule applies. First month activation fee is free, then $87 monthly. Limited to 1 active Fast Track account per user. The EOD variant uses end-of-day trailing drawdown, while the Static variant uses a fixed minimum balance that never moves.

Read Customer Reviews elitetraderfunding.com

Elite Trader Funding currently has a Trustpilot rating of 3.9 out of 5, based on 1,039 reviews, which is categorized as Excellent. Thereof, 39 reviews are from people invited by the prop firm using Trustpilot’s supported invitation methods. The most recent reviews are predominantly positive.