Elite Trader Funding isn’t just another name in the sea of prop trading firms. It stands as a beacon for those traders brimming with potent trading strategies but constrained by insufficient capital.
The firm steps in as a savior, offering traders a platform to showcase their trading prowess and past performance for evaluation.
Once they clear this assessment, Elite Trader Funding extends the capital these traders need, letting them trade live in the real markets.
This symbiotic relationship means traders get the funds they require, and in return, the firm takes a slice of the generated profits. This Elite Trading Review expanded more on what the firm has to offer!
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Feature that Sets Elite Trader Apart.
What sets this Florida-based firm apart? Their game-changing profit-sharing model. Traders get to pocket a whopping 100% of their first $12,500. This staggering proposition certainly demands a double-take and makes most traders ponder its authenticity.
Flexibility at Its Finest
Elite Trader Funding isn’t about shoving traders into a one-size-fits-all box. Instead, it celebrates the individual strengths and strategies of each trader. Forget the days of restrictive rules and forced trading methods.
The platform is a breath of fresh air, offering unparalleled flexibility. Whether you’re a trader who thrives during market-moving news events or someone who prefers trading on holidays, Elite Trader Funding has got you covered.
How Does Elite Trader Funding Work?
The trading world is vast, intricate, and sometimes too intimidating for new traders or those without sufficient capital. Elite Trader Funding seems to have understood this dilemma and has come up with a solution that is as innovative as empowering. So, how does this prop trading firm operate?
1. Performance-based Evaluation
Elite Trader Funding is not about gut feelings or hopes; it’s about numbers and skills. They provide a platform where traders can prove their mettle.
The firm can cherry-pick individuals with the most potential by assessing traders based on their strategies and past successes. This isn’t a “get-rich-quick” scenario but a “prove-your-worth” opportunity.
2. Funding Model
Once a trader proves they have the requisite skills, Elite Trader Funding invests the necessary funds. This is a significant boon as it allows traders to maneuver in the trading waters with significant capital without dipping into their savings.
Though they don’t offer immediate financing, their process is streamlined for efficiency, making the wait worthwhile.
3. A Focus on Continuous Learning
The market is ever-evolving, and a static skillset can be detrimental. Recognizing this, Elite Trader Funding provides many resources, from educational material to coaching. They’re not just interested in funding traders; they’re invested in molding them into better versions of themselves.
4. Customizable Evaluation Plans
Every trader has a different comfort level, and the firm respects this. They provide multiple evaluation options to suit the needs of various traders. Whether you’re starting small or thinking big, there’s a plan with specific criteria tailor-made for you.
5. Disciplined Trading Rules
With great power comes great responsibility. The firm doesn’t just hand over funds and hope for the best. They’ve set specific rules in place to ensure responsible trading.
Whether it’s the stipulation against holding trades overnight or the cap on profit withdrawals, these rules are designed to instill discipline and promote sustainable trading.
Elite Trader Funding – Challenge Breakdown
1. Fast Track Evaluation
- Aim: For those confident in quickly achieving the profit target.
- Account Sizes: $25,000 – $250,000
- Rules:
- Minimum days: 5 days.
- Maximum days: 14 calendar days.
- Max trailing drawdown: 3% (smaller account) to 2.6% (bigger account).
- Profit target: 8% (smaller account) to 6% (bigger account).
2. Static Drawdown Evaluation
- Aim: Eliminates trailing drawdowns or maximum loss, focusing on a strict drawdown limit.
- Account Sizes: $100,000 – $150,000
- Rules:
- Minimum days: 5 days.
- Maximum days: Unlimited.
- Max drawdown: 0.6% to 0.8% of the initial balance.
- Profit target: 1.3% (smaller account) to 2.6% (bigger account).
3. Diamond Hands Challenge
- Aim: Suitable for swing traders or those wishing to hold trades for extended periods.
- Account Size: $100,000 only.
- Rules:
- Minimum days: 5 days.
- Maximum days: Unlimited.
- Daily Loss Limit: Max 1.5% loss per day.
- End of day trailing drawdown: 3.5%.
- Profit target: 5%.
Special Offers and Features
- Free Trial: A 14-day trial is available to test the waters.
- Free Repeat: The Fast Track Evaluation offers a second chance. If the profit target isn’t achieved in 14 days, it converts to a 1-step evaluation account of identical size.
Platforms Supported
Elite Trader Funding offers compatibility with popular trading platforms and provides free real-time data and a NinjaTrader license key.
- NinjaTrader
- Tradovate
- Rithmic
- TradingView
Trading Hours and Trading Instruments
Unless on the Diamond Hands account, all trades must close 1 minute before market closure. Different instruments have varying closing times, and special occasions or holidays might further affect this.
Diamond Hands account holders can hold trades overnight and keep positions open indefinitely, reflecting their strategy. With Elite Trader Funding, traders have a broad selection to choose from:
- Equity Futures
- Foreign Exchange Futures
- Agricultural Futures
- Energy Futures
- Interest Rate Futures
- Metals Futures
- Cryptocurrency Futures
Account Sizes
Elite Trader Funding provides traders with account sizes ranging from $10,000 up to $300,000. Traders can choose from five different types of evaluations:
- 1 Step Evaluations
- EOD Drawdown Evaluation
- Fast Track Evaluations
- Static Evaluations
- Diamond Hands Evaluation
Wrapping Up: Is Elite Trader Funding The Best Forex Proprietary Trading Firm
Elite Trader Funding offers a wide range of futures instruments for traders to engage with. Their account sizes and evaluation types offer flexibility for various trading styles.
The prop firm’s profit-sharing model is generous, especially the first $12,500 being exempt from the split.
Its unwavering commitment to traders’ success, an appealing profit-sharing model, and a wealth of educational tools position it as a top contender among funded stock trading accounts.
However, as with any prop trading firm, we strongly recommend you conduct thorough research before committing.
Don’t miss out on maximizing your trading victories with their platform. Click here to sign up for an account using our Elite trader funding discount code
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