According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $80
- NinjaTrader
- Rithmic
- TradingView
- Tradovate
- Profitable partnership program
- Individually
Our Evaluation of Elite Trader Funding
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Elite Trader Funding is a moderate-risk prop trading firm with the TU Overall Score of 6.39 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Elite Trader Funding clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews.
Elite Trader Funding is a rather young prop firm, but it is already quite popular. It has thousands of partners worldwide. The main advantages are a large selection of accounts and tariffs, minimum restrictions, and flexible adjustment of trading tools. Traders keep 80-100% of the profit, which is significantly higher than many of its competitors. Also, there is a profitable partnership program that can bring regular profits to socially active partners. According to the above, the platform is recommended for review, especially because of its free 14-day trial period.
Brief Look at Elite Trader Funding
The Elite Trader Funding prop (proprietary) firm works with several liquidity providers such as SWOT, CME, COMEX, NYMEX, and SMFE. The platform offers trading futures contracts on currencies, cryptocurrencies, stocks, agricultural commodities, metals, and energies. There are five types of accounts. Each provides several tariffs, which differ in balance and trading conditions. The minimum balance is $50,000 and the maximum is $300,000. When partners of the prop firm reach the drawdown limit, they can pay for the account reset and return to the original account parameters. The account reset costs $75. At the start, a trader keeps 100% of the profit (it is relevant for the first $12,500 of income), then traders receive 80% of their profits. Elite Trader Funding has a profitable partnership program.
- Offers several types of accounts and tariffs with the opportunity to receive funds for trading in the amount from $50,000 to $300,000;
- A trader receives 100% of the profit with income up to $12,500, when the amount of income increases, the ratio is 80/20;
- The platform provides access to the 76 most popular futures contracts;
- Traders can use leverage, and there are no restrictions on strategies;
- If traders reach the maximum drawdown, they can simply reset the account parameters;
- The partnership program pays traders 15% of the monthly fee of each referral.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
Elite Trader Funding is a well-known prop firm, though it is young. Its advantage is that several platforms at once act as its partners, including SWOT, CME, COMEX, NYMEX, and SMFE. This allows Elite Trader Funding to enter several markets at the same time and provide its traders with dozens of the most sought-after assets with tight spreads and the lowest possible trading fees. In addition, the company has no limits on the general allowable drawdown, as well as limits on time and trading strategies.
Another important point is payment. The firm has an initial fee, like most of its competitors. But also charges a subscription fee. For example, an EOD account with a balance of $150,000 charges a subscription fee of $605 for taking the challenge, and after its successful completion the fee is $80 per month.
Challenges have a requirement of a 5 trading days minimum. Clients trade at their own pace, although it must be said that those traders who support aggressive strategies receive the greatest profit. This is confirmed by the firm’s statistics.
To conclude, it should be noted that Elite Trader Funding allows trading via NinjaTrader and TradingView among the most popular trading platforms. Tradovate and Rithmic are also available. Among the instruments, only futures are offered. The basic assets are represented by currencies, cryptocurrencies, stocks, metals, agricultural commodities, and energies.
Elite Trader Funding Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | NinjaTrader, Tradovate, TradingView, and Rithmic |
|---|---|
| 📊 Accounts: | 1 Step, EOD Drawdown, Fast Track, Static, Diamond Hands |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, and e-wallet |
| 🚀 Minimum deposit: | $80 |
| ⚖️ Leverage: | Individually |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | No |
| 🔧 Instruments: | Futures on currencies, cryptocurrencies, stocks, commodities, energy, and metals |
| 💹 Margin Call / Stop Out: | Not available |
| 🏛 Liquidity provider: | СВОТ, СМЕ, COMEX, NYMEX, SMFE |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: | Profitable partnership program |
| 🎁 Contests and bonuses: | Yes |
Elite Trader Funding prop firm charges an initial fee, and a subscription fee once qualified. Leverage helps them to get higher profits. It differs depending on the asset and liquidity provider conditions. Technical support is available from 8:00 to 16:00 Central Time Zone (CST). It is represented by only two communication channels, which are a ticket system on the website (the response comes to the email specified by a trader) and live chat. Unfortunately, the analysis of reviews shows that support responses are not always prompt.
Elite Trader Funding Key Parameters Evaluation
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Challenge rules and pricing
Elite Trader Funding provides access to funding up to $300 000, with challenges requiring at a minimum of 5 trading days. The entry-level plan starts at $27, min but the fee is non-refundable.
- Low entry cost — from $27
- High funding potential — up to $300 000
- No demo account provided
- Minimum trading period required
Elite Trader Funding Challenge fees and plans
We compared Elite Trader Funding’s challenge plans by key parameters including pricing, profit targets, loss limits, and managed capital.
Available Trading Plans
| Trading Plans | Managed amount, USD | Price, $ | 1 step profit target, $ | Daily loss,% | Max. loss, % |
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| Fast Track |
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| Static |
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| Diamond Hands |
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| EOD Drawdown |
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What’s the minimum trading period for Elite Trader Funding’s challenge?
A minimum of 5 trading days is required, regardless of how quickly you reach the profit target.
Does Elite Trader Funding offer a free evaluation?
No, Elite Trader Funding does not offer a free evaluation option. If you’re looking for firms that do provide this feature, you may consider exploring other companies that support free challenge models, such as: Funded Trading Plus, Emerge Profit, City Traders Imperium.
Is instant funding available at Elite Trader Funding?
No, Elite Trader Funding does not offer instant funding. If this option is important to you, consider exploring other firms that provide instant funding models, such as: Hola Prime, Instant Funding, GoatFundedTrader.
Trading rules
Elite Trader Funding outlines the main rules for funded accounts, including a max. loss of 0,5% and a daily loss limit of 0%. The firm also restricts certain trading strategies, which are detailed below.
- News trading allowed
- Trading bots (EAs) allowed
- Scalping allowed
- Strict leverage rules
- Weekend close required
Elite Trader Funding trading conditions
We compared Elite Trader Funding’s leverage and trading conditions with competitors to help you better understand how it measures up.
| Elite Trader Funding | Hola Prime | SabioTrade | |
| Max. loss, % | 0,5 | 5 | 6 |
| Max. leverage | 1:100 | 1:30 | |
| Weekend close rule | Yes | No | No |
| Mandatory Stop Loss | No | No | No |
| Trading bots (EAs) | Yes | Yes | Yes |
| News trading | Yes | Yes | Yes |
| Scalping | Yes | No | Yes |
| Copy trading | No | No | No |
Deposit and withdrawal
Elite Trader Funding earned a Medium score based on how smoothly and conveniently traders can deposit and withdraw funds.
The deposit and withdrawal options at Elite Trader Funding meet most standard requirements and are in line with what many prop firms provide.
- Bank сard deposits and withdrawals
- On-demand withdrawals
- Bank transfers not available
- Limited deposit and withdrawal options
Deposit and withdrawal options
To help you evaluate how Elite Trader Funding performs, we compared its deposit and withdrawal methods with those of two competing proprietary trading firms.
Elite Trader Funding Payment options vs Competitors
| Elite Trader Funding | Hola Prime | SabioTrade | |
| Bank Card | Yes | Yes | Yes |
| Bank Wire | No | No | No |
| Crypto | No | Yes | Yes |
| PayPal | No | Yes | No |
| Wise | No | No | No |
| Payoneer | No | No | No |
| Skrill | No | No | No |
| Neteller | No | No | No |
Profit withdrawal frequency
We compared Elite Trader Funding with other prop firms based on how frequently traders can withdraw their profits: on demand, weekly, or monthly. Firms that allow more frequent payouts offer greater flexibility and quicker access to earnings.
| Elite Trader Funding | Hola Prime | SabioTrade | |
| On demand | Yes | No | Yes |
| Weekly | No | Yes | No |
| Biweekly | No | Yes | No |
| Monthly | No | Yes | No |
What base account currencies are available?
Elite Trader Funding offers the following base account currencies:
Trading Account Opening
To become a partner of the prop trading firm, register on its official website and get verified. The step-by-step registration process and brief description of the possibilities of the user account follow:
Go to the prop firm’s website. Click on the button "Start Trading” in the upper right corner.
Explore the features of different types of accounts. Once you have chosen the best option for you, click the "Buy Now" button.
Enter your email, create a username and password for your user account. Enter your first and last names, also add your registration address.
Agree to the terms of the website by ticking the appropriate boxes. Choose your preferred trading platform and click the "Continue to Payment" button.
Enter your payment information and follow the instructions on the screen.
You will be given access to your user account after registration is completed. Verification (data confirmation) and payment may take some time.
Services of Elite Trader Funding’s user account for traders:
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Review of user account information;
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Control of the progress in the challenge;
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Information on trades;
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Tracking of referral bonuses;
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Submitting requests for withdrawal of profits;
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Change security settings.
Regulation and safety
Prop firms do not provide trading services; they act as intermediaries between traders and liquidity providers or brokers. Additionally, they provide finance for trading. All Elite Trader Funding partners are registered and licensed, and they operate under local and international laws.
Advantages
- Traders can file a complaint to the technical support of the prop firm
- Traders can contact liquidity providers
Disadvantages
- No centralized mechanism to protect traders
Markets and tradable assets
Elite Trader Funding has a score of 3.5/10, which corresponds to a Low assessment of its market and asset offering.
- Futures available
- Crypto trading unavailable
Tradable markets
We compared the range of tradable instruments offered by Elite Trader Funding with two leading competitors to highlight the differences in market access.
| Elite Trader Funding | Hola Prime | SabioTrade | |
| Futures | Yes | No | No |
| CFDs | No | Yes | Yes |
| Forex | No | Yes | Yes |
| Options | No | No | No |
| Stocks | No | No | No |
| Crypto | No | Yes | Yes |
| Indices | No | Yes | Yes |
Investment Options
This prop trading firm does not provide investment solutions in their traditional sense. For example, partners of the platform cannot invest in dividend stocks or staking. However, they still have the opportunity to receive passive income when using the referral program.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program of Elite Trader Funding:
Each partner of the platform receives a referral code, which can be distributed on the internet without restrictions. A trader who registers with a prop firm using this code becomes a referral of the code owner. A referral brings the owner 15% of the subscription fee within 180 days of the date of registration (relevant for Standard and EOD accounts). For an Accelerated evaluation account, the bonus payout is 7%. All payments are credited within 14-20 days and can be withdrawn to an e-wallet when at least $100 is accumulated.
Traders with exceptional success can receive unique codes that give advantages to referrals and bring increased profits to their owners. Thus, the platform motivates its partners to trade more successfully, including via passive methods, in order to earn more.
Customer support
The Elite Trader Funding technical support is available 5 days a week. Saturdays and Sundays are off days. Business hours are from 8:00 to 16:00 Central Time Zone (CST).
Advantages
- Clients and non-clients of the prop firm can contact technical support
- Traders can contact client support via the website’s feedback system or live chat
Disadvantages
- No call center
- Long wait for a response
Partners of the Elite Trader Funding prop firm can contact the website specialists in the following ways:
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ticket system in the "Contact Us" section;
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live chat (available on any page of the website).
The best communication option is live chat because it is faster. If you use the ticket system, the response will come to the email you specified.
Contacts
| Foundation date | 2010 |
|---|---|
| Registration address | Elite Trader Funding LLC, Attn: Data Protection Officer, 2810 N Church St, PMB 53832, Wilmington, DE 19802 |
| Official site | https://elitetraderfunding.com/ |
| Contacts |
Education
The prop trading firm is interested in its partners improving their skills. After all, the better clients trade, the higher their profits, part of which goes to the firm. However, Elite Trader Funding almost never publishes educational materials on its website.
The prop firm has communities on different social media. Traders can communicate with their colleagues and learn from their success and experience. Also, technical support is ready to provide some explanatory materials.
Comparison of Elite Trader Funding to other prop firms
| Elite Trader Funding | FundedNext | Hola Prime | SabioTrade | The Trading Pit | FXIFY | |
| Trading platform |
NinjaTrader, Rithmic, TradingView, Tradovate | MetaTrader4, MetaTrader5, cTrader | MetaTrader5, Match Trader, DXTrade, cTrader | Exclusive QuadCode trading platform (web, mobile app, desktop) | MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER | MetaTrader4, MetaTrader5 |
| Min deposit | $80 | $32 | $48 | $119 | $99 | $99 |
| Leverage | No |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
From 1:1 to 1:30 |
From 1:1 to 1:50 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0.1 points | From 0.9 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No | No | 100% / 50% | No | No |
| Order Execution | No | N/a | Market Execution | Market Execution | No | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed review of Elite Trader Funding
Few prop firms use multiple liquidity providers simultaneously. Elite Trader Funding uses five. Due to this, flexible trading conditions and a wide variety of instruments are the key advantages of the platform. However, traders do not have the opportunity to trade basic assets, only futures are available. Clients can trade on a choice of platforms, including TradingView and NinjaTrader.
Another unique feature of the firm is the opportunity to trade without completing the challenge. However, it is important to estimate the risks correctly, because without completing the test, the subscription fee is quite high. The $80 fee (after completing the challenge) is more attractive, especially since a trader keeps 100% of the net profit initially, and 80% of the profit later on.
Elite Trader Funding by the numbers:
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The subscription fee is $80;
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The maximum trading balance is $300,000;
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An account reset costs $75.
Elite Trader Funding is a prop firm for trading a wide range of financial instruments
Platform partners trade futures. There are 76 instruments, including futures on currency, cryptocurrency, agricultural commodities, energies, and metals. The list of instruments is regularly updated in accordance with the global market’s current situation and the needs of the community. Leverage is available for all instruments, its size is determined individually at the moment of trading.
Useful services of Elite Trader Funding:
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There are five types of accounts. Each type of account has its own rates, which differ in balance and trading conditions. This allows traders to choose the account that is best for them;
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A trader does not need to carefully monitor the drawdown. Restrictions on daily and trailing drawdowns apply only to some types of accounts; and there are no restrictions on the general drawdown. You can always reset your account and start again.
Advantages:
When traders earn up to $12,500, they keep 100% of the profit. Thereafter, they get 80% of the profit, and the firm takes 20%;
The prop firm allows to trade on news, and use any trading styles and strategies. Restrictions are minimal compared to its competitors;
Traders can pay $75 to reset their accounts any time. This is usually done if the trailing drawdown is exceeded;
A trader has 76 assets available for trading, including all the most popular ones.
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