Elite Trader Funding is a futures funding company headquartered in Florida, USA, established in 2022. It focuses on providing diversified challenge programs to traders to obtain funded accounts.

Elite Trader Funding is dedicated to offering flexible funding solutions for futures traders, supporting various futures products including stock index futures, forex futures, agricultural futures, energy, interest rate futures, and metal futures.

Key Features

• Trading Instruments: Includes stock index futures, forex futures, agricultural futures, energy, interest rate futures, and metal futures.
• Maximum Account Funding: Up to $300,000.
• Profit Split: 80%.
• Cost: Starts at $80 per month.
• Trading Platforms: Includes NinjaTrader, Tradovate, Rithmic, and TradingView.

Pros and Cons

Pros

• 100% of the first $12,500 profits are yours.
• Offers a 14-day free trial period to prepare for evaluation.
• Multiple evaluation options to choose based on trading preferences.
• Ability to trade during news releases.
• Funding achieved in as little as 5 trading days.

Cons

• Fast Track accounts do not offer a reset option.
• Funding accounts have consistency rules that may not suit all trading strategies.
• Only allows day trading, no overnight positions.

Leverage and Funding Distribution

The account balances at Elite Trader Funding are presented as final buying power, thus leverage ratios do not apply. Instead, the number of contracts that can be traded per account is determined based on the account size.

Elite Trader Funding shares 80% of the profits with traders. Once funded, you receive 100% of the first $12,500 in profits, with the remaining profits split at an 80%/20% ratio.

Evaluation Challenges

Elite Trader Funding offers several evaluation challenges to obtain funded accounts. Here are the main evaluation types:

1. 1-Step Evaluation:

   • Account Range: $10,000 to $300,000.
   • Minimum Trading Days: 5 days.
   • Maximum Trading Days: Unlimited.
   • Maximum Trailing Drawdown: 10% for smaller accounts, 2.5% for larger accounts.
   • Profit Target: Starting at 12.5% for smaller accounts, minimum 6.67% for larger accounts.

2. End of Day Drawdown Evaluation:

   • Account Range: $25,000 to $250,000.
   • Minimum Trading Days: 5 days.
   • Maximum Trading Days: Unlimited.
   • Maximum Daily Loss: Approximately 2.2% for smaller accounts, down to 1.7% for larger accounts.
   • Maximum Trailing Drawdown: 6% for smaller accounts, 2.8% for larger accounts.
   • Profit Target: Starting at 7% for smaller accounts, minimum 6% for larger accounts.

3. Fast Track Evaluation:

   • Account Range: $25,000 to $250,000.
   • Minimum Trading Days: 5 days.
   • Maximum Trading Days: 14 days.
   • Maximum Trailing Drawdown: 3% for smaller accounts, down to 2.6% for larger accounts.
   • Profit Target: Starting at 8% for smaller accounts, minimum 6% for larger accounts.

4. Static Drawdown Evaluation:

   • Account Range: $100,000 to $150,000.
   • Minimum Trading Days: 5 days.
   • Maximum Trading Days: Unlimited.
   • Maximum Drawdown: 0.6% to 0.8% for smaller accounts.
   • Profit Target: Starting at 1.3% for smaller accounts, maximum 2.6% for larger accounts.

5. Diamond Hands Evaluation:

   • Account: $100,000.
   • Minimum Trading Days: 5 days.
   • Maximum Trading Days: Unlimited.
   • Daily Loss Limit: Not to exceed 1.5%.
   • End of Day Trailing Drawdown: 3.5%.
   • Profit Target: 5%.

Additional Information

• Elite Trader Funding offers a 14-day free trial period and a free repeat option for Fast Track evaluations.
• Supports major futures trading platforms such as NinjaTrader, Tradovate, Rithmic, and TradingView.
• All trades must be closed one minute before market close, unless it's a Diamond Hands account which allows overnight positions.

Elite Trader Funding, as a legitimate futures prop trading firm, provides flexible and reliable funding solutions for global futures traders through its diversified challenge programs, high profit splits, and robust trading platform support.